Automotive Bioplastic Market Segmentation:
Application Segment Analysis
The global automotive bioplastic market is segmented and analyzed for demand and supply by application into interior and exterior. The interior segment is further sub-segmented into door consoles & panels, interior lighting, fabrics & upholstery, instrument panels, floor mats, seats, seat cushion foam, and ventilation ducts. The exterior segment is further sub-segmented into bumpers, hoods, trim, exterior lights, and liftgates. Out of these, the exterior segment is projected to garner the higher market share by the end of 2035 with a significant share of 55 percent. This can be accredited to the fact that exterior of a car often affects its weight, and bioplastics can be used instead to reduce it and make vehicles lighter. Moreover, car exterior parts often need replacing in case of accidents, which result is higher aftermarket sales. For instance, over one-third of car collisions involve damage to the car bumper, often needing replacement.
Material Type Segment Analysis
The global automotive bioplastic market is also segmented and analyzed for demand and supply by material type into bio-polyamides (Bio-Pa), natural fibers, poly-lactic acid, polybutylene succinate (PBS), bio-based polypropylene (Bio-PP) and others. Out of these, the poly-lactic acid segment is projected to garner the higher market share by the end of 2035. Polylactic acid (PLA), which is made from cornmeal, is one of the most widely used bioplastics in the automotive industry. PLA is commonly used in automotive interior materials, such as covers and car seat upholstery. Its use will increase with rise in the importance given to car interiors, especially in present-time electric cars, whose main selling points are sustainability and eco-friendly usage. Therefore, it is anticipated to rise the growth of the segment in the region.
Our in-depth analysis of the global market includes the following segments:
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By Material Type |
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By Application |
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