According to a market report by Lucintel, the future of the global automotive bioplastic market looks promising with opportunities in the exterior, interior, and engine surrounding markets. The global automotive bioplastic market is expected to reach an estimated $1.2 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are increasing demand from the automotive industry, rapid urbanization and modernization across many countries, as well as, encouraging government activities linked to environmental restrictions to boost demand for bioplastics used in automobiles.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in automotive bioplastic market to 2030 by material type (bio poly-amide, bio poly-trimethylene terephthalate, bio polyethylene terephthalate, bio polybutylene succinate, bio polypropylene, and bio polyethylene), application (exterior, interior, engine surrounding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, bio poly-amide, bio poly-trimethylene terephthalate, bio polyethylene terephthalate,bio polybutylene succinate, bio polypropylene, and bio polyethylene are the major segments of automotive bioplastic market by material type. Lucintel forecasts that bio poly-trimethylene terephthalate will remain the largest segment over the forecast period because it has excellent mechanical properties and is resistant to heat and chemicals.
Within this market, interior will remain the largest segment because they are becoming increasingly popular in automotive interiors owing to their aesthetic appeal.
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North America will remain the largest region over the forecast period due to increasing research and development in the region.
Mitsubishi Chemical, TotalEnergies, TEIJIN, NatureWorks, and DENSO are the major suppliers in the automotive bioplastic market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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