Automotive Plastic Additive Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_00799
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.92 |
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The Automotive Plastic Additive Market is poised to grow at a Compound Annual Growth Rate (CAGR) of 4.35% between 2022 and 2032, resulting in an estimated market size increase of USD [Market Size] million. This growth is primarily driven by the increasing demand for lightweight and fuel-efficient vehicles, which rely on advanced plastic materials and additives to reduce vehicle weight and improve performance. Automotive plastic additives enhance the properties of plastic materials used in vehicle manufacturing.
Automotive Plastic Additive Market Overview:
Drivers:
The primary driver of the Automotive Plastic Additive market is the automotive industry's focus on lightweighting. As automakers strive to meet stringent fuel efficiency and emission standards, they are increasingly replacing traditional metal components with lightweight plastic materials. Automotive plastic additives play a vital role in enhancing the performance, durability, and safety of plastic components used in vehicles.
Moreover, the growing consumer preference for electric and hybrid vehicles, which require lightweight materials to extend battery range, further drives the demand for automotive plastic additives. These additives improve the electrical and thermal properties of plastic components in electric vehicles.
Trends:
An emerging trend in the Automotive Plastic Additive market is the development of eco-friendly additives. Manufacturers are exploring bio-based and sustainable additives that minimize environmental impact. These additives are aligned with the automotive industry's sustainability goals and reduce the carbon footprint of plastic components.
Furthermore, the trend towards smart and connected vehicles is influencing the demand for automotive plastic additives. These additives are used in plastic materials for vehicle interiors to enhance their electrical conductivity, enabling the integration of touchscreens, sensors, and smart technologies.
Restraints:
One of the challenges facing the Automotive Plastic Additive market is the limited availability of certain specialized additives. Additives tailored for specific applications or to meet unique performance requirements can be scarce. Manufacturers need to ensure a consistent supply of these additives to meet the demands of the automotive industry.
Additionally, regulatory restrictions on certain plastic additives due to environmental and health concerns can impact the availability and use of these additives in automotive applications.
Automotive Plastic Additive Market Segmentation By Type:
The Automotive Plastic Additive market can be segmented by type, with key types including:
- Plasticizers: Plasticizers are additives that increase the flexibility and workability of plastic materials, making them suitable for automotive applications such as gaskets, seals, and interior components.
- Flame Retardants: Flame retardant additives enhance the fire resistance of plastic components used in vehicles, ensuring passenger safety.
- Stabilizers: Stabilizers protect plastic materials from degradation due to heat, UV radiation, and chemical exposure, extending the lifespan of automotive components.
- Colorants: Colorant additives provide pigmentation and UV protection to plastic parts, contributing to the aesthetics and durability of automotive interiors and exteriors.
Automotive Plastic Additive Market Segmentation By Application:
The Automotive Plastic Additive market can also be segmented by application, with key sectors including:
- Interior Components: Interior automotive components such as dashboards, door panels, and seats benefit from plastic additives for improved aesthetics, comfort, and durability.
- Exterior Components: Plastic additives are used in exterior components like bumpers, trim, and mirrors to enhance weather resistance and appearance.
- Under-the-Hood Components: Plastic additives for under-the-hood applications improve heat resistance and mechanical properties of engine components and other parts.
Regional Overview:
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The Automotive Plastic Additive market exhibits regional variations, with different regions having varying levels of automotive manufacturing activities and environmental regulations. Key regional insights include:
- North America: North America, particularly the United States, has a significant market for automotive plastic additives due to a strong automotive manufacturing sector and the adoption of lightweighting technologies.
- Europe: European countries emphasize environmental regulations and sustainable automotive manufacturing, promoting the use of advanced plastic additives.
- Asia-Pacific (APAC): APAC nations, including China and India, have a growing automotive industry with a demand for plastic additives to support lightweighting and fuel efficiency initiatives.
- South America: Some South American countries are experiencing growth in the automotive sector, contributing to the demand for plastic additives.
- Middle East & Africa: The Middle East and Africa have emerging automotive markets with potential for the adoption of plastic additives in vehicle manufacturing.
Automotive Plastic Additive Market Customer Landscape:
The Automotive Plastic Additive market analysis includes a comprehensive examination of the customer landscape, which includes automotive manufacturers, tier 1 suppliers, and plastic component manufacturers. Understanding the specific requirements and performance expectations of these customers is essential for plastic additive suppliers to provide effective solutions.
Major Automotive Plastic Additive Market Companies:
Leading companies in the Automotive Plastic Additive market are investing in research and development to develop innovative additives that meet the evolving needs of the automotive industry. They are also expanding their product portfolios to offer a wide range of additives suitable for different automotive applications. Some prominent companies in the industry include:
- Additives Inc.: A major producer of plasticizers and stabilizers for automotive applications, XYZ Additives offers solutions for interior and exterior components.
- Flame Retardants Ltd.: Specializing in flame retardant additives, ABC Flame Retardants focuses on enhancing fire safety in automotive components.
- Colorant Solutions Corporation: Focusing on colorant additives, DEF Colorant Solutions provides pigmentation and UV protection for automotive plastics.
The competitive landscape analysis provides insights into the strengths and weaknesses of key market players and their strategic positioning within the industry.
Segment Overview:
The Automotive Plastic Additive market report offers a comprehensive market segmentation based on type, application, and geography. This segmentation provides a deeper understanding of market dynamics and trends. The segments covered include:
- Type Outlook (USD Million, 2019 - 2032):
- Plasticizers
- Flame Retardants
- Stabilizers
- Colorants
- Application Outlook (USD Million, 2019 - 2032):
- Interior Components
- Exterior Components
- Under-the-Hood Components
- Geography Outlook (USD Million, 2019 - 2032):
- North America (The U.S., Canada)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia-Pacific (China, India, Australia)
- South America (Brazil, Argentina, Rest of South America)
- Middle East & Africa (Saudi Arabia, South Africa, Rest of Middle East & Africa)
Table of Contents
United States Automotive Plastic Additive Market Report 2017
1 Automotive Plastic Additive Overview
1.1 Product Overview and Scope of Automotive Plastic Additive
1.2 Classification of Automotive Plastic Additive by Product Category
1.2.1 United States Automotive Plastic Additive Market Size (Sales Volume) Comparison by Type (2012-2022)
1.2.2 United States Automotive Plastic Additive Market Size (Sales Volume) Market Share by Type (Product Category) in 2016
1.2.3 Plasticizers
1.2.4 Anti-Scratch
1.2.5 Stabilizers
1.2.6 Antioxidants
1.2.7 Others
1.3 United States Automotive Plastic Additive Market by Application/End Users
1.3.1 United States Automotive Plastic Additive Market Size (Consumption) and Market Share Comparison by Application (2012-2022)
1.3.2 Passenger Car
1.3.3 Light Commercial Vehicle
1.3.4 Heavy Commercial Vehicle
1.3.5 Electric Vehicle
1.4 United States Automotive Plastic Additive Market by Region
1.4.1 United States Automotive Plastic Additive Market Size (Value) Comparison by Region (2012-2022)
1.4.2 The West Automotive Plastic Additive Status and Prospect (2012-2022)
1.4.3 Southwest Automotive Plastic Additive Status and Prospect (2012-2022)
1.4.4 The Middle Atlantic Automotive Plastic Additive Status and Prospect (2012-2022)
1.4.5 New England Automotive Plastic Additive Status and Prospect (2012-2022)
1.4.6 The South Automotive Plastic Additive Status and Prospect (2012-2022)
1.4.7 The Midwest Automotive Plastic Additive Status and Prospect (2012-2022)
1.5 United States Market Size (Value and Volume) of Automotive Plastic Additive (2012-2022)
1.5.1 United States Automotive Plastic Additive Sales and Growth Rate (2012-2022)
1.5.2 United States Automotive Plastic Additive Revenue and Growth Rate (2012-2022)
2 United States Automotive Plastic Additive Market Competition by Players/Suppliers
2.1 United States Automotive Plastic Additive Sales and Market Share of Key Players/Suppliers (2012-2017)
2.2 United States Automotive Plastic Additive Revenue and Share by Players/Suppliers (2012-2017)
2.3 United States Automotive Plastic Additive Average Price by Players/Suppliers (2012-2017)
2.4 United States Automotive Plastic Additive Market Competitive Situation and Trends
2.4.1 United States Automotive Plastic Additive Market Concentration Rate
2.4.2 United States Automotive Plastic Additive Market Share of Top 3 and Top 5 Players/Suppliers
2.4.3 Mergers & Acquisitions, Expansion in United States Market
2.5 United States Players/Suppliers Automotive Plastic Additive Manufacturing Base Distribution, Sales Area, Product Type
3 United States Automotive Plastic Additive Sales (Volume) and Revenue (Value) by Region (2012-2017)
3.1 United States Automotive Plastic Additive Sales and Market Share by Region (2012-2017)
3.2 United States Automotive Plastic Additive Revenue and Market Share by Region (2012-2017)
3.3 United States Automotive Plastic Additive Price by Region (2012-2017)
4 United States Automotive Plastic Additive Sales (Volume) and Revenue (Value) by Type (Product Category) (2012-2017)
4.1 United States Automotive Plastic Additive Sales and Market Share by Type (Product Category) (2012-2017)
4.2 United States Automotive Plastic Additive Revenue and Market Share by Type (2012-2017)
4.3 United States Automotive Plastic Additive Price by Type (2012-2017)
4.4 United States Automotive Plastic Additive Sales Growth Rate by Type (2012-2017)
5 United States Automotive Plastic Additive Sales (Volume) by Application (2012-2017)
5.1 United States Automotive Plastic Additive Sales and Market Share by Application (2012-2017)
5.2 United States Automotive Plastic Additive Sales Growth Rate by Application (2012-2017)
5.3 Market Drivers and Opportunities
6 United States Automotive Plastic Additive Players/Suppliers Profiles and Sales Data
6.1 BASF SE (Germany)
6.1.1 Company Basic Information, Manufacturing Base and Competitors
6.1.2 Automotive Plastic Additive Product Category, Application and Specification
6.1.2.1 Product A
6.1.2.2 Product B
6.1.3 BASF SE (Germany) Automotive Plastic Additive Sales, Revenue, Price and Gross Margin (2012-2017)
6.1.4 Main Business/Business Overview
6.2 ExxonMobil Corporation (U.S.)
6.2.2 Automotive Plastic Additive Product Category, Application and Specification
6.2.2.1 Product A
6.2.2.2 Product B
6.2.3 ExxonMobil Corporation (U.S.) Automotive Plastic Additive Sales, Revenue, Price and Gross Margin (2012-2017)
6.2.4 Main Business/Business Overview
6.3 Covestro AG (Germany)
6.3.2 Automotive Plastic Additive Product Category, Application and Specification
6.3.2.1 Product A
6.3.2.2 Product B
6.3.3 Covestro AG (Germany) Automotive Plastic Additive Sales, Revenue, Price and Gross Margin (2012-2017)
6.3.4 Main Business/Business Overview
6.4 The Dow Chemical Company (U.S.)
6.4.2 Automotive Plastic Additive Product Category, Application and Specification
6.4.2.1 Product A
6.4.2.2 Product B
6.4.3 The Dow Chemical Company (U.S.) Automotive Plastic Additive Sales, Revenue, Price and Gross Margin (2012-2017)
6.4.4 Main Business/Business Overview
6.5 Sabic (Saudi Arabia)
6.5.2 Automotive Plastic Additive Product Category, Application and Specification
6.5.2.1 Product A
6.5.2.2 Product B
6.5.3 Sabic (Saudi Arabia) Automotive Plastic Additive Sales, Revenue, Price and Gross Margin (2012-2017)
6.5.4 Main Business/Business Overview
6.6 Akzo Nobel N.V. (Netherlands)
6.6.2 Automotive Plastic Additive Product Category, Application and Specification
6.6.2.1 Product A
6.6.2.2 Product B
6.6.3 Akzo Nobel N.V. (Netherlands) Automotive Plastic Additive Sales, Revenue, Price and Gross Margin (2012-2017)
6.6.4 Main Business/Business Overview
...
7 Automotive Plastic Additive Manufacturing Cost Analysis
7.1 Automotive Plastic Additive Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Automotive Plastic Additive
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Automotive Plastic Additive Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Automotive Plastic Additive Major Manufacturers in 2016
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
10 Market Effect Factors Analysis
10.1 Technology Progress/Risk
10.1.1 Substitutes Threat
10.1.2 Technology Progress in Related Industry
10.2 Consumer Needs/Customer Preference Change
10.3 Economic/Political Environmental Change
11 United States Automotive Plastic Additive Market Size (Value and Volume) Forecast (2017-2022)
11.1 United States Automotive Plastic Additive Sales Volume, Revenue Forecast (2017-2022)
11.2 United States Automotive Plastic Additive Sales Volume Forecast by Type (2017-2022)
11.3 United States Automotive Plastic Additive Sales Volume Forecast by Application (2017-2022)
11.4 United States Automotive Plastic Additive Sales Volume Forecast by Region (2017-2022)
12 Research Findings and Conclusion
13 Appendix
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
List of Tables and Figures
Figure Product Picture of Automotive Plastic Additive
Figure United States Automotive Plastic Additive Market Size (K MT) by Type (2012-2022)
Figure United States Automotive Plastic Additive Sales Volume Market Share by Type (Product Category) in 2016
Figure Plasticizers Product Picture
Figure Anti-Scratch Product Picture
Figure Stabilizers Product Picture
Figure Antioxidants Product Picture
Figure Others Product Picture
Figure United States Automotive Plastic Additive Market Size (K MT) by Application (2012-2022)
Figure United States Sales Market Share of Automotive Plastic Additive by Application in 2016
Figure Passenger Car Examples
Table Key Downstream Customer in Passenger Car
Figure Light Commercial Vehicle Examples
Table Key Downstream Customer in Light Commercial Vehicle
Figure Heavy Commercial Vehicle Examples
Table Key Downstream Customer in Heavy Commercial Vehicle
Figure Electric Vehicle Examples
Table Key Downstream Customer in Electric Vehicle
Figure United States Automotive Plastic Additive Market Size (Million USD) by Region (2012-2022)
Figure The West Automotive Plastic Additive Revenue (Million USD) and Growth Rate (2012-2022)
Figure Southwest Automotive Plastic Additive Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Middle Atlantic Automotive Plastic Additive Revenue (Million USD) and Growth Rate (2012-2022)
Figure New England Automotive Plastic Additive Revenue (Million USD) and Growth Rate (2012-2022)
Figure The South of US Automotive Plastic Additive Revenue (Million USD) and Growth Rate (2012-2022)
Figure The Midwest Automotive Plastic Additive Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Automotive Plastic Additive Sales (K MT) and Growth Rate (2012-2022)
Figure United States Automotive Plastic Additive Revenue (Million USD) and Growth Rate (2012-2022)
Figure United States Automotive Plastic Additive Market Major Players Product Sales Volume (K MT) (2012-2017)
Table United States Automotive Plastic Additive Sales (K MT) of Key Players/Suppliers (2012-2017)
Table United States Automotive Plastic Additive Sales Share by Players/Suppliers (2012-2017)
Figure 2016 United States Automotive Plastic Additive Sales Share by Players/Suppliers
Figure 2017 United States Automotive Plastic Additive Sales Share by Players/Suppliers
Figure United States Automotive Plastic Additive Market Major Players Product Revenue (Million USD) (2012-2017)
Table United States Automotive Plastic Additive Revenue (Million USD) by Players/Suppliers (2012-2017)
Table United States Automotive Plastic Additive Revenue Share by Players/Suppliers (2012-2017)
Figure 2016 United States Automotive Plastic Additive Revenue Share by Players/Suppliers
Figure 2017 United States Automotive Plastic Additive Revenue Share by Players/Suppliers
Table United States Market Automotive Plastic Additive Average Price (USD/MT) of Key Players/Suppliers (2012-2017)
Figure United States Market Automotive Plastic Additive Average Price (USD/MT) of Key Players/Suppliers in 2016
Figure United States Automotive Plastic Additive Market Share of Top 3 Players/Suppliers
Figure United States Automotive Plastic Additive Market Share of Top 5 Players/Suppliers
Table United States Players/Suppliers Automotive Plastic Additive Manufacturing Base Distribution and Sales Area
Table United States Players/Suppliers Automotive Plastic Additive Product Category
Table United States Automotive Plastic Additive Sales (K MT) by Region (2012-2017)
Table United States Automotive Plastic Additive Sales Share by Region (2012-2017)
Figure United States Automotive Plastic Additive Sales Share by Region (2012-2017)
Figure United States Automotive Plastic Additive Sales Market Share by Region in 2016
Table United States Automotive Plastic Additive Revenue (Million USD) and Market Share by Region (2012-2017)
Table United States Automotive Plastic Additive Revenue Share by Region (2012-2017)
Figure United States Automotive Plastic Additive Revenue Market Share by Region (2012-2017)
Figure United States Automotive Plastic Additive Revenue Market Share by Region in 2016
Table United States Automotive Plastic Additive Price (USD/MT) by Region (2012-2017)
Table United States Automotive Plastic Additive Sales (K MT) by Type (2012-2017)
Table United States Automotive Plastic Additive Sales Share by Type (2012-2017)
Figure United States Automotive Plastic Additive Sales Share by Type (2012-2017)
Figure United States Automotive Plastic Additive Sales Market Share by Type in 2016
Table United States Automotive Plastic Additive Revenue (Million USD) and Market Share by Type (2012-2017)
Table United States Automotive Plastic Additive Revenue Share by Type (2012-2017)
Figure Revenue Market Share of Automotive Plastic Additive by Type (2012-2017)
Figure Revenue Market Share of Automotive Plastic Additive by Type in 2016
Table United States Automotive Plastic Additive Price (USD/MT) by Types (2012-2017)
Figure United States Automotive Plastic Additive Sales Growth Rate by Type (2012-2017)
Table United States Automotive Plastic Additive Sales (K MT) by Application (2012-2017)
Table United States Automotive Plastic Additive Sales Market Share by Application (2012-2017)
Figure United States Automotive Plastic Additive Sales Market Share by Application (2012-2017)
Figure United States Automotive Plastic Additive Sales Market Share by Application in 2016
Table United States Automotive Plastic Additive Sales Growth Rate by Application (2012-2017)
Figure United States Automotive Plastic Additive Sales Growth Rate by Application (2012-2017)
Table BASF SE (Germany) Basic Information List
Table BASF SE (Germany) Automotive Plastic Additive Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure BASF SE (Germany) Automotive Plastic Additive Sales Growth Rate (2012-2017)
Figure BASF SE (Germany) Automotive Plastic Additive Sales Market Share in United States (2012-2017)
Figure BASF SE (Germany) Automotive Plastic Additive Revenue Market Share in United States (2012-2017)
Table ExxonMobil Corporation (U.S.) Basic Information List
Table ExxonMobil Corporation (U.S.) Automotive Plastic Additive Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure ExxonMobil Corporation (U.S.) Automotive Plastic Additive Sales Growth Rate (2012-2017)
Figure ExxonMobil Corporation (U.S.) Automotive Plastic Additive Sales Market Share in United States (2012-2017)
Figure ExxonMobil Corporation (U.S.) Automotive Plastic Additive Revenue Market Share in United States (2012-2017)
Table Covestro AG (Germany) Basic Information List
Table Covestro AG (Germany) Automotive Plastic Additive Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Covestro AG (Germany) Automotive Plastic Additive Sales Growth Rate (2012-2017)
Figure Covestro AG (Germany) Automotive Plastic Additive Sales Market Share in United States (2012-2017)
Figure Covestro AG (Germany) Automotive Plastic Additive Revenue Market Share in United States (2012-2017)
Table The Dow Chemical Company (U.S.) Basic Information List
Table The Dow Chemical Company (U.S.) Automotive Plastic Additive Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure The Dow Chemical Company (U.S.) Automotive Plastic Additive Sales Growth Rate (2012-2017)
Figure The Dow Chemical Company (U.S.) Automotive Plastic Additive Sales Market Share in United States (2012-2017)
Figure The Dow Chemical Company (U.S.) Automotive Plastic Additive Revenue Market Share in United States (2012-2017)
Table Sabic (Saudi Arabia) Basic Information List
Table Sabic (Saudi Arabia) Automotive Plastic Additive Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Sabic (Saudi Arabia) Automotive Plastic Additive Sales Growth Rate (2012-2017)
Figure Sabic (Saudi Arabia) Automotive Plastic Additive Sales Market Share in United States (2012-2017)
Figure Sabic (Saudi Arabia) Automotive Plastic Additive Revenue Market Share in United States (2012-2017)
Table Akzo Nobel N.V. (Netherlands) Basic Information List
Table Akzo Nobel N.V. (Netherlands) Automotive Plastic Additive Sales (K MT), Revenue (Million USD), Price (USD/MT) and Gross Margin (2012-2017)
Figure Akzo Nobel N.V. (Netherlands) Automotive Plastic Additive Sales Growth Rate (2012-2017)
Figure Akzo Nobel N.V. (Netherlands) Automotive Plastic Additive Sales Market Share in United States (2012-2017)
Figure Akzo Nobel N.V. (Netherlands) Automotive Plastic Additive Revenue Market Share in United States (2012-2017)
Table Production Base and Market Concentration Rate of Raw Material
Figure Price Trend of Key Raw Materials
Table Key Suppliers of Raw Materials
Figure Manufacturing Cost Structure of Automotive Plastic Additive
Figure Manufacturing Process Analysis of Automotive Plastic Additive
Figure Automotive Plastic Additive Industrial Chain Analysis
Table Raw Materials Sources of Automotive Plastic Additive Major Players/Suppliers in 2016
Table Major Buyers of Automotive Plastic Additive
Table Distributors/Traders List
Figure United States Automotive Plastic Additive Sales Volume (K MT) and Growth Rate Forecast (2017-2022)
Figure United States Automotive Plastic Additive Revenue (Million USD) and Growth Rate Forecast (2017-2022)
Figure United States Automotive Plastic Additive Price (USD/MT) Trend Forecast (2017-2022)
Table United States Automotive Plastic Additive Sales Volume (K MT) Forecast by Type (2017-2022)
Figure United States Automotive Plastic Additive Sales Volume (K MT) Forecast by Type (2017-2022)
Figure United States Automotive Plastic Additive Sales Volume (K MT) Forecast by Type in 2022
Table United States Automotive Plastic Additive Sales Volume (K MT) Forecast by Application (2017-2022)
Figure United States Automotive Plastic Additive Sales Volume (K MT) Forecast by Application (2017-2022)
Figure United States Automotive Plastic Additive Sales Volume (K MT) Forecast by Application in 2022
Table United States Automotive Plastic Additive Sales Volume (K MT) Forecast by Region (2017-2022)
Table United States Automotive Plastic Additive Sales Volume Share Forecast by Region (2017-2022)
Figure United States Automotive Plastic Additive Sales Volume Share Forecast by Region (2017-2022)
Figure United States Automotive Plastic Additive Sales Volume Share Forecast by Region in 2022
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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