the automotive additives market is likely to experience above-average growth. The automotive additives market is estimated to reach US$ 8,251.8 million revenue by 2022 end. Automotive additives market continues to remain driven by the innate benefits of these products such as provision of protection to both the exterior and interior components of a vehicle. UV absorbers are witnessing a significant demand in the automotive additives market, as they reduce photo-degradation and offer exceptional on-tone fading.
The demand for anti-dust additives is also increasing in the automotive additives market, due to the rising pollution and off-road driving, resulting in dust and dirt particles on a vehicle.
Meanwhile, automotive additives market players are also focusing on providing anti-scratch additives to increase the lifetime of the vehicle and maintain high-quality appearance, especially in the case of internal automotive parts. Thermal and light stabilizers are also being provided by the companies operating in the automotive additives market.
Manufacturers of automotive additives are focusing on developing highest performing solutions and with plastic emerging as the highest applied material in the interior, exterior and under the hood of the vehicle, automotive plastic additives are witnessing increased use in the automotive industry.
Plasticizers to be the Most Popular Plastic Additives
Plasticizers plastic additives are likely to gain close to one-third revenue share of automotive additives market by 2017 end. Plasticizers are estimated to create more than US$ 500 million incremental opportunity during 2017-2022. Although anti-scratch is likely to experience growth in the automotive additives market.
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Polypropylene (PP) to be Highly Preferred Plastic in Automotive Additives
Polypropylene (PP) is likely to be one of the highly used plastic in the automotive additives market. Polypropylene is estimated to surpass US$ 2,900 million revenue towards 2022 end.
Automotive Additives to Find Largest Application in the Interior of the Vehicle
Interior of the vehicle is likely to be the largest segment for automotive additives applications. Interior application of automotive additives is estimated to bring in nearly US$ 2,700 million revenue by 2022 end. Although automotive additives are also being used on the exterior of a vehicle. Hence, exterior application of automotive additives are likely to experience steady growth.
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Compact Passenger Cars to Gain Maximum Revenue Share
Compact passenger cars are likely to gain nearly one-third revenue share of the automotive additives market by 2017 end. By 2022 end, compact passenger cars are also estimated to surpass US$ 2,300 million revenue.
The report also profiles companies that are operating in the automotive additives market, which include
- Saudi Basic Industries Corp
- Akzo Nobel NV
- Covestro AG
- LANXESS AG
- BASF SE
- The Dow Chemical Company
- Clariant AG
- Solvay SA
- Croda International PLC
- Evonik Industries AG
- ExxonMobil Corporation
- Kaneka Corporation
An Adaptive Approach to Modern-day Research Needs
Automotive additives are being used on a large scale to maintain the vehicle and improve overall performance. Automotive additive manufacturers are using innovative materials. Manufacturers are also producing various types of additives for instance, plastic additives, transmission additives, head gasket sealers, oil additives, etc. however, plastic additives are gaining more popularity in the market, as it offers efficiency, saves costs and offers scratch resistance.
This Fact.MR report discusses key prospects for growth of global automotive additives market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
The scope of the report is to analyze the global automotive additives market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive additives manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
The report begins with a concise summary of the global automotive additives market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global automotive additives market.
The next section is an overview of the global automotive additives market. This includes the introduction to the market and a standard definition of the product – automotive additives. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.
The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global automotive additives market. Considering the interconnectedness of the automotive additives market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
In a bid to keep readers up-to-date on the latest developments in the global automotive additives market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Considering the wide scope of the global automotive additives market, the Fact.MR report offers in-depth and segment-wise analysis. The global automotive additives market is segmented on the basis of plastic additives, plastic, application, vehicle type, and region. This segmentation also offers a detailed country-wise forecast on all the major parameters.
The concluding section of the report profiles companies operating in the global automotive additives market. Companies of all sizes, including market leaders, established players, and market entrants are profiled in this section. The competitive intelligence offers information on company overview and other important parameters, such as product offerings and key financials.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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