Global Automotive Bioplastic market was valued at USD 623.30 million in 2021 and is expected to reach USD 1365.53 million by 2029, registering a CAGR of 10.30% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
The bioplastics used in the automotive industries is known as “automotive bioplastic”. The raw material used in the manufacturing of the bioplastics are usually from the biological sources such as corn starch, vegetable and oil fats, recycled food waste and other conventional sources such as fossil fuels.
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Global Automotive Bioplastic Market Scope
The automotive bioplastic market is segmented on the basis of material type, applications and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Bio Poly-Amide (PA)
- Bio Poly-Trimethylene Terephthalate (PTT)
- Bio Polyethylene Terephthalate (PET)
- Bio Polybutylene Succinate (PBS)
- Bio Polypropylene (PP)
- Bio Polyethylene (PE)
- Engine Surrounding
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Electric Vehicles
Competitive Landscape and Automotive Bioplastic Market Share Analysis
The automotive bioplastic market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive bioplastic market.
Some of the major players operating in the automotive bioplastic market are
- Mitsubishi Chemical Corporation. (Japan)
- TotalEnergies (France)
- TEIJIN LIMITED. (Japan)
- NatureWorks LLC (U.S.)
- DENSO CORPORATION. (Japan)
- Solvay (Belgium)
- TORAY INDUSTRIES, INC. (Japan)
- TORAY INDUSTRIES, INC. (Germany)
- Arkema (France)
- Braskem (Brazil)
- Novamont S.p.A. (Italy)
- RTP Company (U.S.)
- BASF SE (Germany)
- Dow (U.S.)
- Eastman Chemical Company (U.S.)
- AGRANA Beteiligungs-AG (Austria)
- Anellotech, Inc. (U.S.)
- BioSphere Plastic (U.S.)
- Bosk Bioproduits inc. (Canada)
- Covestro AG (Germany)
- Danimer Scientific (U.S.)
- Metgen Oy (Finland)
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Automotive Bioplastic Market Regional Analysis/Insights
The automotive bioplastic market is analyzed and market size insights and trends are provided by material type, applications and vehicle type as referenced above.
The countries covered in the automotive bioplastic market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance due to the increasing research and development activities within the region.
Asia-Pacific, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing vehicle production within the region.
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