Plastics Market for Passenger Cars Industry by Application, Material and Geography Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 186 SKU: IRTNTR70585

Global Plastics Market for Passenger Cars Industry Forecast 2023-2027

The Plastics Market for the Passenger Cars Industry size is forecast to increase by USD 22.02 billion at a CAGR of 10% between 2023 and 2027. The growth of the market depends on several factors, such as the adoption of new or improved emission standards, the increasing government support to promote the adoption of EVs, and the increasing incorporation of electronics in passenger cars. China, the US, Japan, India, and Germany are the top countries contributing to the growth of the market. China held the largest market share in 2021, projecting a revenue of USD 6.12 billion. Arkema is one of the key market players and the company offers automotive plastics in the form of Arkema Polymers used for fitting, connectors, and emission control systems. Besides analyzing the current market scenario, our market research and growth report examines historic data from 2017 to 2021.

What will be the Size of the Plastics Market For Passenger Cars Industry During the Forecast Period?

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The market is experiencing significant growth driven by the increasing demand for lightweight and durable materials in automotive manufacturing. With the rising focus on fuel efficiency and emission reduction, automotive manufacturers are turning to advanced materials such as Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), and Polysulfone (PSU) to replace traditional materials like metals and glass. Additionally, the incorporation of renewable sources and bioplastics, derived from materials like corn starch and vegetable oil, is gaining traction in the industry, aligning with sustainability goals. As the automotive sector continues to prioritize innovation and environmental sustainability, the global plastics market offers diverse opportunities for the development and adoption of advanced materials in passenger car manufacturing.

Market Segmentation 

In the applications segment of the market, diverse plastic materials like Polyphenylsulfone (PPSU), Polystyrene (PS), Polyethylene (PE), Acrylonitrile butadiene styrene (ABS), and others are used for lightweight and durable components. These plastics replace traditional materials such as glass, metals, and wood in both interior and exterior parts. High-performance plastics like Polypropylene (PP), Polybutylene terephthalate (PBT), and Polyphenylene oxide (PPO) are utilized for structural components. Additionally, sustainable plastics sourced from petroleum, natural gas, renewable sources, and bioplastics derived from corn starch, vegetable oil, and food waste support eco-friendly initiatives. This segment also focuses on recyclable products and high-performance plastic packaging solutions.

Application Analysis

The interiors segment is estimated to witness significant growth during the forecast period. Plastics are widely used in the interior parts of passenger car segments, thus, OEMs are increasing their focus on the quality of the plastic used, such as high thermal stability, scratch resistance, high strength, and aesthetics. Additionally, UV stability, good sound absorption, good color retention, and low emissions of volatile or harmful constituents are some of the other features which are crucial when deciding on plastic material by manufacturers.

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The interiors segment was the largest segment and was valued at USD 13.55 billion in 2017. Some of the key interior areas where plastics are widely used in passenger car segments include instrument panel clusters, glove boxes, door panels, overhead consoles, center and fascia consoles, lower and back seat trims, folding tables, inner safety seat parts, and speaker consoles.

As the automotive market is an extremely competitive one with several players, several manufacturers are differentiating their products by offering better value for the price that customers pay than their competitors by increasing the number of components which improves the convenience and comfort of passenger car occupants. Hence such an increase in the number of components in passenger cars will increase the demand for plastics which in turn is expected to drive the global market growth during the forecast period.

Region Analysis

APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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One of the main factors for the significant growth of the global market is due to the factors such as to the high demand for automobiles in countries such as China, Japan, South Korea, India, and Thailand. China is one of the prominent markets in terms of regional automotive production and sales, followed by Japan. Furthermore, there is an increasing demand for the luxury car segment in several APAC such as China, Japan, and South Korea which is expected to significantly contribute to the high demand for plastics in this region. Factors such as stringent regulatory norms on vehicular emissions and the increase in the adoption of EVs are expected to boost the demand for plastics which in turn will drive the global market growth during the forecast period.

Market Dynamics

The market is experiencing a transformative shift towards sustainable materials and innovative solutions. Wood, natural rubber, and bioplastics are gaining traction as eco-friendly alternatives to traditional plastics like Polyphenylene oxide (PPO) and Polyurethane (PU). Utilizing materials such as corn starch, vegetable oil, and food waste, manufacturers are producing recyclable products that reduce environmental impact. Additionally, sawdust is being repurposed to create high-performance plastic packaging solutions. This shift towards biodegradable and recyclable materials not only meets consumer demand for sustainability but also promotes a more environmentally-conscious approach within the automotive industry. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Drivers

One of the key factors driving the market growth is the adoption of new or improved emission standards. Due to the enforcement of stringent laws by various government institutions globally, there is an increase in the use of lightweight materials, such as plastics, for various applications in passenger cars. For instance, there is a growing implementation of Euro 6 emission standards or their equivalent in several countries such as the US, the UK, China, and India.

Hence, the implementation of such emission standards is forcing automotive component manufacturers to comply with the adoption of technologies that align with these standards. As a result, these new stringent emission standards facilitate the use of new or advanced materials that enhance fuel efficiency. Hence, such factors are expected to drive the global market growth during the forecast period.

Significant Market Trends

A key factor shaping the global market growth is the lightweight and fuel efficiency of automobiles like passenger cars. Several vendors in the automotive industry are emphasizing lightweight vehicles to enhance fuel efficiency and minimize emissions. As a result, many manufacturers are adopting the use of advanced plastics and composites in passenger cars for the reduction of vehicle weight without compromising safety and performance.

Furthermore, there is a growing shift in consumer preferences towards vehicles that offer better fuel efficiency and emit fewer pollutants due to the rising awareness of climate change and the need to reduce carbon emissions. Thus, manufacturers are catering to consumer preferences by incorporating lightweight materials and technologies to improve the fuel efficiency of their vehicles. Therefore, such factors are expected to drive the global market growth during the forecast period.

Major Market Challenges

Declining automotive production globally is one of the key challenges hindering global market growth. Factors that are hindering the market growth include semiconductor chip shortages, increasing input costs, rising commodity prices, and rising fuel costs, are negatively impacting the growth of automotive production globally.

Additionally, the rising popularity of ride-hailing and ride-sharing services across the world is also significantly contributing to the decline in passenger car sales, which in turn is declining automotive production. Furthermore, factors such as disruption in the supply chain and decline in demand from Russia and Ukraine with Ukraine being the leading supplier of neon gas further limited the manufacturing of automotive cars globally. Hence, such factors are expected to hinder the global market growth during the forecast period.

Key Market Companies

Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

BASF SE- The company offers automotive plastic in the form of polymer for headlamps, handle doors, and interior car seats.

This market trends and analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

Arkema Group, BASF SE, Borealis AG, Celanese Corp., Covestro AG, Daicel Corp., Dow Chemical Co., DuPont de Nemours Inc., Evonik Industries AG, Hexion Inc., Koninklijke DSM NV, LG Chem Ltd., Nissan Motor Co. Ltd., Saudi Basic Industries Corp., SGL Carbon SE, Solvay SA, Sumitomo Corp., Teijin Ltd., Toray Industries Inc., and LyondellBasell Industries N.V.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is a dynamic sector characterized by a wide range of materials and applications. Plastics such as polystyrene (PS), polyethylene (PE), and polypropylene (PP) play a vital role in manufacturing automotive parts, toys, and industrial components. These materials are also extensively used in the packaging sector due to their versatility and cost-effectiveness. Factors such as Good Manufacturing Practices (GMPs) and fluctuations in petrochemical and crude oil prices significantly impact the market. Injection molding, thermoforming, and blow molding are key manufacturing processes driving the industry forward. Additionally, plastics find applications in building & construction, contributing to their widespread use across various sectors, from automotive to aerospace, including the production of spacecraft and even everyday items like paper clips.

The market is shaped by diverse materials sourced from various origins. Key materials include plastic resins like Acrylonitrile butadiene styrene (ABS), Polybutylene terephthalate (PBT), and Polyvinyl chloride (PVC), among others. These plastics, derived from petrochemical sources such as petroleum and natural gas, are essential in manufacturing automotive components. Additionally, advancements in renewable sources are influencing the market landscape. Polycarbonate (PC), Polyamide (PA), and other plastics contribute to vehicle design, providing durability and versatility. As petrochemical prices fluctuate, the industry seeks sustainable alternatives. The interplay between traditional materials like glass and metals and innovative plastics reflects ongoing developments in the automotive sector, ensuring continual evolution and adaptation. 

The market plays a pivotal role in various sectors, including healthcare, automotive, consumer goods, and more. In recent times, the demand for engineering plastics like Performance Polyethylene (PE) resins has surged due to their versatile applications, including the manufacturing of face masks, goggles, shields, gloves, and respirators. These plastics offer excellent thermal and mechanical properties, making them ideal for metal substitution in automotive components. Additionally, the industry is witnessing a shift towards circular polymers like CirculenRenew polymer, promoted by companies such as Iber Resinas, to address sustainability concerns. From the food & beverage industry to infrastructure & construction, plastics continue to drive innovation and efficiency across diverse sectors.

Plastics Market for Passenger Cars Industry Scope

Report Coverage

Details

Page number

186

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2023-2027

USD 22.02 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

9.3

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Arkema Group, BASF SE, Borealis AG, Celanese Corp., Covestro AG, Daicel Corp., Dow Chemical Co., DuPont de Nemours Inc., Evonik Industries AG, Hexion Inc., Koninklijke DSM NV, LG Chem Ltd., Nissan Motor Co. Ltd., Saudi Basic Industries Corp., SGL Carbon SE, Solvay SA, Sumitomo Corp., Teijin Ltd., Toray Industries Inc., and LyondellBasell Industries N.V.

Market dynamics

Market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Market analysis and report on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market growth analysis across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Market forecasting of factors that will challenge the growth of the key companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global plastics market for passenger cars industry market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global plastics market for passenger cars industry market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Material Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Material Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Interiors - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Interiors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Interiors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Interiors - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Interiors - Year-over-year growth 2022-2027 (%)
    • 6.4 Exteriors - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Exteriors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Exteriors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Exteriors - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Exteriors - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Material

    • 7.1 Market segments
      • Exhibit 48: Chart on Material - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Material - Market share 2022-2027 (%)
    • 7.2 Comparison by Material
      • Exhibit 50: Chart on Comparison by Material
      • Exhibit 51: Data Table on Comparison by Material
    • 7.3 Polypropylene - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Polypropylene - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Polypropylene - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Polypropylene - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Polypropylene - Year-over-year growth 2022-2027 (%)
    • 7.4 Polyurethane - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Polyurethane - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Polyurethane - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Polyurethane - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Polyurethane - Year-over-year growth 2022-2027 (%)
    • 7.5 Polyvinyl chloride - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Polyvinyl chloride - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Polyvinyl chloride - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Polyvinyl chloride - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Polyvinyl chloride - Year-over-year growth 2022-2027 (%)
    • 7.6 Polyamide and others - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Polyamide and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Polyamide and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Polyamide and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Polyamide and others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Material
      • Exhibit 68: Market opportunity by Material ($ million)
      • Exhibit 69: Data Table on Market opportunity by Material ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Arkema Group
              • Exhibit 123: Arkema Group - Overview
              • Exhibit 124: Arkema Group - Business segments
              • Exhibit 125: Arkema Group - Key news
              • Exhibit 126: Arkema Group - Key offerings
              • Exhibit 127: Arkema Group - Segment focus
            • 12.4 BASF SE
              • Exhibit 128: BASF SE - Overview
              • Exhibit 129: BASF SE - Business segments
              • Exhibit 130: BASF SE - Key news
              • Exhibit 131: BASF SE - Key offerings
              • Exhibit 132: BASF SE - Segment focus
            • 12.5 Borealis AG
              • Exhibit 133: Borealis AG - Overview
              • Exhibit 134: Borealis AG - Business segments
              • Exhibit 135: Borealis AG - Key offerings
              • Exhibit 136: Borealis AG - Segment focus
            • 12.6 Covestro AG
              • Exhibit 137: Covestro AG - Overview
              • Exhibit 138: Covestro AG - Business segments
              • Exhibit 139: Covestro AG - Key news
              • Exhibit 140: Covestro AG - Key offerings
              • Exhibit 141: Covestro AG - Segment focus
            • 12.7 Dow Chemical Co.
              • Exhibit 142: Dow Chemical Co. - Overview
              • Exhibit 143: Dow Chemical Co. - Business segments
              • Exhibit 144: Dow Chemical Co. - Key news
              • Exhibit 145: Dow Chemical Co. - Key offerings
              • Exhibit 146: Dow Chemical Co. - Segment focus
            • 12.8 DuPont de Nemours Inc.
              • Exhibit 147: DuPont de Nemours Inc. - Overview
              • Exhibit 148: DuPont de Nemours Inc. - Business segments
              • Exhibit 149: DuPont de Nemours Inc. - Key news
              • Exhibit 150: DuPont de Nemours Inc. - Key offerings
              • Exhibit 151: DuPont de Nemours Inc. - Segment focus
            • 12.9 Evonik Industries AG
              • Exhibit 152: Evonik Industries AG - Overview
              • Exhibit 153: Evonik Industries AG - Business segments
              • Exhibit 154: Evonik Industries AG - Key news
              • Exhibit 155: Evonik Industries AG - Key offerings
              • Exhibit 156: Evonik Industries AG - Segment focus
            • 12.10 Hexion Inc.
              • Exhibit 157: Hexion Inc. - Overview
              • Exhibit 158: Hexion Inc. - Product / Service
              • Exhibit 159: Hexion Inc. - Key news
              • Exhibit 160: Hexion Inc. - Key offerings
            • 12.11 LG Chem Ltd.
              • Exhibit 161: LG Chem Ltd. - Overview
              • Exhibit 162: LG Chem Ltd. - Business segments
              • Exhibit 163: LG Chem Ltd. - Key news
              • Exhibit 164: LG Chem Ltd. - Key offerings
              • Exhibit 165: LG Chem Ltd. - Segment focus
            • 12.12 LyondellBasell Industries N.V.
              • Exhibit 166: LyondellBasell Industries N.V. - Overview
              • Exhibit 167: LyondellBasell Industries N.V. - Business segments
              • Exhibit 168: LyondellBasell Industries N.V. - Key news
              • Exhibit 169: LyondellBasell Industries N.V. - Key offerings
              • Exhibit 170: LyondellBasell Industries N.V. - Segment focus
            • 12.13 Nissan Motor Co. Ltd.
              • Exhibit 171: Nissan Motor Co. Ltd. - Overview
              • Exhibit 172: Nissan Motor Co. Ltd. - Business segments
              • Exhibit 173: Nissan Motor Co. Ltd. - Key news
              • Exhibit 174: Nissan Motor Co. Ltd. - Key offerings
              • Exhibit 175: Nissan Motor Co. Ltd. - Segment focus
            • 12.14 Saudi Basic Industries Corp.
              • Exhibit 176: Saudi Basic Industries Corp. - Overview
              • Exhibit 177: Saudi Basic Industries Corp. - Business segments
              • Exhibit 178: Saudi Basic Industries Corp. - Key offerings
              • Exhibit 179: Saudi Basic Industries Corp. - Segment focus
            • 12.15 SGL Carbon SE
              • Exhibit 180: SGL Carbon SE - Overview
              • Exhibit 181: SGL Carbon SE - Business segments
              • Exhibit 182: SGL Carbon SE - Key offerings
              • Exhibit 183: SGL Carbon SE - Segment focus
            • 12.16 Solvay SA
              • Exhibit 184: Solvay SA - Overview
              • Exhibit 185: Solvay SA - Business segments
              • Exhibit 186: Solvay SA - Key news
              • Exhibit 187: Solvay SA - Key offerings
              • Exhibit 188: Solvay SA - Segment focus
            • 12.17 Sumitomo Corp.
              • Exhibit 189: Sumitomo Corp. - Overview
              • Exhibit 190: Sumitomo Corp. - Business segments
              • Exhibit 191: Sumitomo Corp. - Key news
              • Exhibit 192: Sumitomo Corp. - Key offerings
              • Exhibit 193: Sumitomo Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 194: Inclusions checklist
                • Exhibit 195: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 196: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 197: Research methodology
                • Exhibit 198: Validation techniques employed for market sizing
                • Exhibit 199: Information sources
              • 13.5 List of abbreviations
                • Exhibit 200: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
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