Automobile Additive Market - Global Industry Analysis and Forecast | 2025
Global Automobile additive industry is expected to expand at a rapid rate during the forecast period. Economic recovery in the U.S. and Europe has led boosted the automobile market.
Global Automobile additive industry is expected to expand at a rapid rate during the forecast period. Economic recovery in the U.S. and Europe has led boosted the automobile market.
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Transparency <strong>Market</strong> Research<br />
<strong>Automobile</strong> <strong>Additive</strong> <strong>Market</strong><br />
- <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>,<br />
Size, Share, <strong>Forecast</strong> 2017 –<br />
<strong>2025</strong><br />
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Report Description<br />
The global automobile industry has been exp<strong>and</strong>ing rapidly, led by the high dem<strong>and</strong> for automobiles across the world. Stringent<br />
government regulations such as those related to emissions, primarily in the U.S. <strong>and</strong> Europe, have encouraged automobile<br />
manufacturers to develop hybrid <strong>and</strong> electric vehicles. Automotive manufacturers are the primary adopters of additive manufacturing<br />
or 3D printing (3DP) technology. Increase in application of 3D printing among automotive manufacturers is driving the production<br />
<strong>and</strong> design of automobiles.<br />
The global automobile additive industry is expected to exp<strong>and</strong> at a rapid rate during the forecast period. Economic recovery in the<br />
U.S. <strong>and</strong> Europe has led boosted the automobile market. This recovery has resulted in higher per capita income, easy credit facilities,<br />
<strong>and</strong> increased employment. This, in turn, is estimated to propel the automobile additive market. <strong>Automobile</strong> manufacturers are likely<br />
to increase their production capacities either through expansion of the existing facilities or installation of new facilities. Increase in<br />
usage of plastic in line with the changes in trend of using lightweight vehicles, implementation of stringent emission regulations, rise<br />
in the production of passenger cars, <strong>and</strong> electrification of vehicles are the major factors driving the automobile additives market.<br />
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In terms of application, the automobile additive market can be segmented into exterior, interior, under the hood, <strong>and</strong> electronics &<br />
electrical. The interior application segment is anticipated to hold major share of the market due to the increase in usage of plastic.<br />
Dem<strong>and</strong> for automobile additive is estimated to rise due to the increasing focus on safety, esthetics, comfort, quality, durability, <strong>and</strong><br />
color. In line with this, the use of plastics in automobile has been rising due to the growth in dem<strong>and</strong> for lightweight material vehicles<br />
<strong>and</strong> implementation of stringent emission regulations.<br />
Based on plastic additives, the automobile additive market can be divided into plasticizers, anti-scratch, stabilizers, antioxidants, <strong>and</strong><br />
others. In terms of plastic, the automobile additive market can be segregated into polypropylene (PP), polyurethane (PUR), polyvinyl<br />
chloride (PVC), <strong>and</strong> acrylonitrile butadiene styrene (ABS). Polypropylene is anticipated to be a rapidly growing segment, due to the<br />
increasing use of polypropylene plastics in the automotive industry. The application of polypropylene plastics is more than<br />
polyurethane, poly-vinyl chloride, <strong>and</strong> others. Furthermore, large production of passenger cars <strong>and</strong> electric vehicles in countries such<br />
as China, the U.S., <strong>and</strong> Japan is projected to augment the dem<strong>and</strong> for polypropylene in these countries. In terms of vehicle type, the<br />
automobile additive market can be classified into passenger car, light commercial vehicle, heavy commercial vehicle, <strong>and</strong> electric<br />
vehicle.<br />
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Based on geography, the global automobile additive market can be divided into North America, Latin America, Europe, Asia Pacific,<br />
<strong>and</strong> Middle East & Africa. Asia Pacific is one of the key consumers of automotive additive across the globe. . Furthermore, dem<strong>and</strong> of<br />
vehicle in developing countries <strong>and</strong> changing lifestyles also play a part in propelling the automobile additive market. Asia Pacific is<br />
estimated to be a rapidly growing region of the automobile additive market, as the region accounts for large production of passenger<br />
cars <strong>and</strong> electric vehicles. Major concern regarding fuel efficiency has also boosted the dem<strong>and</strong> for automotive additives.<br />
The Corporate Average Fuel Economy (CAFÉ) regulation emphasizes on lowering emission <strong>and</strong> increasing dem<strong>and</strong> for lightweight<br />
materials in the automotive industry. This is likely to propel the automobile additive market. Growth in urbanization, rise in consumer<br />
spending, <strong>and</strong> rapid industrialization in Asia Pacific are estimated to augment the dem<strong>and</strong> for additives used in automobiles. The<br />
automobile additive market in North America <strong>and</strong> Europe is projected to exp<strong>and</strong> at a moderate pace during the forecast period due to<br />
the technological advancement <strong>and</strong> well established market.<br />
Key players operating in the global automobile additive market include ExxonMobil Corporation, BASF SE, Covestro AG, Sabic,<br />
Akzo Nobel N.V., <strong>and</strong> The Dow Chemical Company.<br />
<strong>Industry</strong> analysts have observed that the vendor l<strong>and</strong>scape of this market is rather consolidated <strong>and</strong> just a h<strong>and</strong>ful of players account<br />
for a majority of the market share. Most companies have been spending on research <strong>and</strong> development activities so as to exp<strong>and</strong> their<br />
footprint in the bio-polyamide market. In addition to this, they are focusing on developing new products <strong>and</strong> improving their<br />
manufacturing process. Larger enterprises are acquiring smaller <strong>and</strong> local companies in order to strengthen their market presence.<br />
The study is a source of reliable data on:<br />
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<strong>Market</strong> segments <strong>and</strong> sub-segments<br />
<strong>Market</strong> trends <strong>and</strong> dynamics<br />
Supply <strong>and</strong> dem<strong>and</strong><br />
<strong>Market</strong> size<br />
Current trends/opportunities/challenges<br />
Competitive l<strong>and</strong>scape<br />
Technological breakthroughs<br />
Value chain <strong>and</strong> stakeholder analysis<br />
The regional analysis covers:
North America (U.S. <strong>and</strong> Canada)<br />
Latin America (Mexico, Brazil, Peru, Chile, <strong>and</strong> others)<br />
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherl<strong>and</strong>s, <strong>and</strong> Luxembourg)<br />
Eastern Europe (Pol<strong>and</strong> <strong>and</strong> Russia)<br />
Asia Pacific (China, India, Japan, ASEAN, Australia, <strong>and</strong> New Zeal<strong>and</strong>)<br />
Middle East <strong>and</strong> Africa (GCC, Southern Africa, <strong>and</strong> North Africa)<br />
The report has been compiled through extensive primary research (through interviews, surveys, <strong>and</strong> observations of seasoned analysts)<br />
<strong>and</strong> secondary research (which entails reputable paid sources, trade journals, <strong>and</strong> industry body databases). The report also features a<br />
complete qualitative <strong>and</strong> quantitative assessment by analyzing data gathered from industry analysts <strong>and</strong> market participants across key<br />
points in the industry’s value chain.<br />
A separate analysis of prevailing trends in the parent market, macro- <strong>and</strong> micro-economic indicators, <strong>and</strong> regulations <strong>and</strong> m<strong>and</strong>ates is<br />
included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast<br />
period.<br />
Highlights of the report:<br />
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A complete backdrop analysis, which includes an assessment of the parent market<br />
Important changes in market dynamics<br />
<strong>Market</strong> segmentation up to the second or third level<br />
Historical, current, <strong>and</strong> projected size of the market from the st<strong>and</strong>point of both value <strong>and</strong> volume<br />
Reporting <strong>and</strong> evaluation of recent industry developments<br />
<strong>Market</strong> shares <strong>and</strong> strategies of key players<br />
Emerging niche segments <strong>and</strong> regional markets<br />
An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market.
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