North America Automotive Plastics Exterior Trim Market Insights Forecasts to 2033

• The North America Automotive Plastics Exterior Trim Market Size was valued at USD 20.17 Million in 2023
• The Market Size is Growing at a CAGR of 3.05% from 2023 to 2033.
• The North America Automotive Plastics Exterior Trim Market Size is Expected to Reach USD 27.25 Million by 2033.

The North America Automotive Plastics Exterior Trim Market size is expected to reach USD 27.25 Million by 2033, at a CAGR of 3.05% during the forecast period 2023 to 2033.

Market Overview

Automotive plastics for exterior trim refer to the use of plastic materials to manufacture vehicle exterior components. These plastics are specifically designed to meet the automotive industry's stringent requirements for durability, aesthetics, and functionality. The growing demand for luxury finishes in vehicles is expected to boost the demand for automotive exterior trim parts. Exterior trim parts are designed to give the car's exterior an aesthetic and luxurious appearance, which increases adoption. Furthermore, the growing desire of car owners to personalize their vehicles with plastic polish, front bumpers, and chrome tape is increasing demand for automotive exterior trim parts. The demand for automotive exterior trim parts is rapidly increasing, as they improve the vehicle's appearance and functionality. It reduces or eliminates physical damage to the front and rear of vehicles. Exterior trim parts such as front bumpers protect the vehicle's hood, trunk, grille, fuel, exhaust, and cooling systems, whereas radiator grills protect against road debris, growing their adoption. Furthermore, the North American region is home to a diverse range of well-known automobile manufacturers and suppliers who are at the forefront of innovation in automotive plastics.

Report Coverage

This research report categorizes the market for North America automotive plastics exterior trim market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America Automotive plastics exterior trim market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America automotive plastics exterior trim market.                 

Driving Factors

The demand for automotive exterior trim parts is rapidly increasing, as they improve the vehicle's appearance and functionality. Automotive plastics are considerably lighter than traditional materials such as metal, contributing to increased fuel efficiency and lower carbon emissions. In addition, government regulations aimed at reducing vehicle weight and increasing fuel efficiency are driving the use of North America automotive plastics for exterior trim. The automotive industry's relentless pursuit of fuel efficiency and lightweight is a key driver of the North American automotive plastics exterior trim market. A significant driver for the North American automotive plastics exterior trim market is the automotive industry's growing emphasis on design customization and aesthetic appeal. Consumers are increasingly prioritizing personalization and distinctive design elements in their vehicles. Plastics offer greater design flexibility, allowing automakers to create visually appealing exterior components while maintaining structural integrity. In addition, plastics are generally less expensive than traditional materials, making them an appealing option for automakers.

Restraining Factors

The initial investment required to transition from metal to plastic components can be significant, posing an obstacle for some manufacturers. Furthermore, recycling automotive plastics can be complex, raising environmental concerns and potential waste management issues. Certain plastics may have limitations in their ability to withstand high temperatures, which can be a disadvantage in some applications. material costs and competition pose obstacles for the North American automotive plastics exterior trim market. The North American automotive plastics exterior trim market faces difficulties due to the complexity of molding and the demand for intricate designs in exterior trim components.

Market Segment

• In 2023, the PC/ABS blends segment accounted for the largest revenue share over the forecast period.

Based on type, the North America automotive plastics exterior trim market is segmented into PC/ABS blends, and PMMA/ASA blends. Among these, the PC/ABS blends segment has the largest revenue share over the forecast period. PC/ABS blend is a thermoplastic alloy composed of PC and ABS components that has excellent chemical and mechanical properties as well as outstanding processability. Polycarbonate is a highly heat and impact-resistant plastic that is difficult to process. Mixing PC with ABS improves processability and flame retardancy, making it suitable for automotive exterior trim manufacturing.

• In 2023, the front grill segment is witnessing significant growth over the forecast period.

Based on end use, the North America automotive plastics exterior trim market is segmented into the front grill, spoiler, pillar panel, and rear bumper. Among these, the front grill segment is witnessing significant growth over the forecast period. The front grill is widely used to increase brand awareness and customer appeal on a vehicle. The front grill allows airflow inside the hood, which cools many parts, including the radiator and engine. In addition to their heat resistance and lightweight nature, plastics such as ASA have emerged as a viable alternative to metal-based grills in vehicles. Furthermore, as automotive manufacturers develop electric vehicles, there is expected to be an increase in demand for front grills to give the vehicles an aesthetic appearance.

• The United States is projected to have the largest share of the North America automotive plastics exterior trim market over the forecast period.

Based on region, the United States is projected to have the largest share of the North America automotive plastics exterior trim market over the forecast period. The automotive industry in the United States has undergone major developments over the forecast period, with an increasing trend toward reducing vehicle weight to improve fuel efficiency. Even though the manufacturing sector was negatively impacted, the logistics sector expanded, resulting in increased production of commercial vehicles. The growth of the e-commerce and logistics sectors is expected to drive market expansion in the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America automotive plastics exterior trim market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• SABIC
• LG Chem
• Trinseo S.A.
• Covestro AG
• Mitsubishi Chemical Corporation
• RTP Company
• LOTTE Chemical CORPORATION
• Sumitomo Chemical Co., Ltd.
• Gehr Kunstoffwerk GmbH & Co. KG
• Asahi Kasei Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the North America automotive plastics exterior trim market based on the below-mentioned segments:

North America Automotive Plastics Exterior Trim Market, By Product

• PC/ABS Blends
• PMMA/ASA Blends

North America Automotive Plastics Exterior Trim Market, By End Use 

• Front Grill
• Spoiler
• Pillar Panel
• Rear Bumper

North America Automotive Plastics Exterior Trim Market, By Region

• US
• Canada
• Mexico
• Rest of North America