Product Code: GVR-4-68040-555-3
Post-consumer Recycled Plastics in Automotive Market Growth & Trends:
The global post-consumer recycled plastics in automotive market size is anticipated to reach USD 22.32 billion by 2030 and is anticipated to expand at a CAGR of 11.1% during the forecast period, according to a new report by Grand View Research, Inc. Environmental regulations play a pivotal role in driving the adoption of post-consumer recycled (PCR) plastics in the automotive industry. The European Union's End-of-Life Vehicle (ELV) Directive requires 95% of vehicle materials to be recoverable, pushing manufacturers such as Volvo and BMW to incorporate PCR plastics in components such as seat cushions, dashboard insulation, and wheel arch liners. Similarly, California's proposed recycled content mandates are compelling North American automakers to follow suit, with Ford committing to use at least 20% recycled plastic content across its vehicle lineup by 2025.
Consumer demand for eco-friendly vehicles has become another significant driver for the market. Significant number of car buyers consider sustainability features important in purchasing decisions. This has prompted companies such as Toyota to highlight their use of PCR materials in marketing campaigns for models such as the Prius, where recycled PET bottles are transformed into sound-proofing materials and seat fabric. Mercedes-Benz has responded to this trend by developing their "Ambition 2039" sustainability roadmap, which includes increasing recycled material usage across their vehicle portfolio.
Cost considerations have evolved from a barrier to an incentive for adoption of PCR. Historically, virgin plastics were cheaper, but supply chain disruptions and petrochemical price volatility since 2021 have narrowed the price gap. Renault's "Circular Economy" program demonstrates how recycled materials can create financial resilience, as their use of PCR polypropylene in bumpers and fender liners provides cost savings compared to virgin alternatives. Advanced sorting and cleaning technologies have also improved PCR quality, addressing previous concerns about mechanical performance limitations.
Corporate sustainability goals have accelerated PCR plastic adoption as automotive companies seek to reduce their carbon footprint. Jaguar Land Rover's initiative to use ECONYL, a nylon made from recovered fishing nets and fabric scraps, in their vehicle components such floor mats and trims has resulted in a 90% reduction in CO2 emissions compared to traditional nylon production. These examples underscore how PCR plastics have become essential to automotive companies' strategies to meet increasingly ambitious sustainability targets.
Post-consumer Recycled Plastics In Automotive Market Report Highlights:
- The polypropylene (PP) segment accounted for the largest share of over 43.0% of the market in 2024.
- The polyethylene terephthalate (PET) segment is expected to grow at the fastest CAGR of 11.7% during the forecast period.
- Based on application, the interior components segment dominated the market in 2024 by accounting for the largest revenue share of over 60.0% and is projected to grow at the fastest CAGR of 11.9% over the forecast period of 2025 to 2030.
- Asia Pacific dominated the market space by registering the largest revenue market share of over 44.0% in 2024 and is anticipated to grow at the fastest CAGR of 11.8% during the forecast period.
- BASF, SABIC, Evonik Industries AG, Sumitomo Chemical Co., Ltd., Arkema, LyondellBasell Industries N.V., Celanese Corporation, Eastman Chemical Company, Chevron Phillips Chemical Company, SUEZ SA, Exxon Mobil Corporation, and Covestro AG are some of the key players operating in the post-consumer recycled plastics in the automotive market.
- In June 2023, Avient Corporation launched new automotive-specific grades within its reSound REC Recycled Content Thermoplastic Elastomers (TPEs) portfolio, designed for interior automotive applications such as mats, grips, and console trays. These new grades contain significant post-consumer recycled (PCR) content, ranging from 35% to 59%, including recycled food packaging and closed-loop PCR sources, supporting sustainability goals and compliance with regulations such as the European Union's End-of-Life Vehicles (ELV) Directive.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.1.1. Market Segmentation
- 1.1.2. Market Definition
- 1.2. Research Scope & Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Snapshot, 2024 (USD Million)
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Post-consumer Recycled Plastics in Automotive Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Profit Margin Analysis of Key Value Chain Participants
- 3.3.2. Raw Material Trends
- 3.3.3. Raw Material Price Analysis
- 3.4. Technology Overview
- 3.4.1. Commercial Production Technology
- 3.4.2. Roadmap of Technology Advancement, 2018 to 2030
- 3.5. Sustainability Trends
- 3.5.1. Recycling and Circular Economy
- 3.5.2. Carbon Footprint & Life Cycle Assessment
- 3.6. Regulatory Framework
- 3.6.1. Policies and Incentive Plans
- 3.6.2. Standards and Compliances
- 3.6.3. Regulatory Impact Analysis
- 3.7. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.7.1. Key Factors Influencing Pricing
- 3.8. Supply Demand Gap Analysis
- 3.9. Market Dynamics
- 3.9.1. Market Driver Analysis
- 3.9.2. Market Restraint Analysis
- 3.9.3. Industry Challenges
- 3.10. Porter's Five Forces Analysis
- 3.10.1. Supplier Power
- 3.10.2. Buyer Power
- 3.10.3. Substitution Threat
- 3.10.4. Threat from New Entrant
- 3.10.5. Competitive Rivalry
- 3.11. PESTEL Analysis
- 3.11.1. Political Landscape
- 3.11.2. Economic Landscape
- 3.11.3. Social Landscape
- 3.11.4. Technological Landscape
- 3.11.5. Environmental Landscape
- 3.11.6. Legal Landscape
Chapter 4. Global Post-consumer Recycled Plastics in Automotive Market: Polymer Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Polymer Type Movement Analysis & Market Share, 2024 & 2030
- 4.2.1. Polypropylene (PP)
- 4.2.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.2.2. Polyethylene (PE)
- 4.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.2.3. Acrylonitrile Butadiene Styrene (ABS)
- 4.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.2.4. Polyethylene Terephthalate (PET)
- 4.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.2.5. Others
- 4.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Global Post-consumer Recycled Plastics in Automotive Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2024 & 2030
- 5.2.1. Interior Components
- 5.2.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.2. Exterior Components
- 5.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.3. Under-the-Hood Components
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.2.4. Electrical Components
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Global Post-consumer Recycled Plastics in Automotive Market: Region Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.3. North America
- 6.3.1. North America Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. U.S.
- 6.3.2.1. U.S. Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Canada
- 6.3.3.1. Canada Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. Mexico
- 6.3.4.1. Mexico Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Europe
- 6.4.1. Europe Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Germany
- 6.4.2.1. Germany Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. UK
- 6.4.3.1. UK Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. France
- 6.4.4.1. France Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. Italy
- 6.4.5.1. Italy Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. Spain
- 6.4.6.1. Spain Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. China
- 6.5.2.1. China Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. India
- 6.5.3.1. India Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. Japan
- 6.5.4.1. Japan Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5. Australia
- 6.5.5.1. Australia Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6. South Korea
- 6.5.6.1. South Korea Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Central & South America
- 6.6.1. Central & South America Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Brazil
- 6.6.2.1. Brazil Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Argentina
- 6.6.3.1. Argentina Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2. Saudi Arabia
- 6.7.2.1. Saudi Arabia Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.3. UAE
- 6.7.3.1. UAE Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4. South Africa
- 6.7.4.1. South Africa Post-consumer Recycled Plastics in Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Key Global Players & Recent Developments & Their Impact on the Industry
- 7.2. Company/Competition Categorization
- 7.3. Vendor Landscape
- 7.3.1. List of Raw Material Suppliers and Key Value Chain Partners
- 7.3.2. List of Potential Customers
- 7.4. Company Market Position Analysis
- 7.5. Company Heat Map Analysis
- 7.6. Company Dashboard Analysis
- 7.7. Strategy Mapping
- 7.7.1. Expansions
- 7.7.2. Mergers & Acquisitions
- 7.7.3. Collaborations/Partnerships/Agreements
- 7.7.4. New Product Launches
- 7.7.5. Others
Chapter 8. Company Listing (Overview, Financial Performance, Products Overview)
- 8.1. BASF
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.2. SABIC
- 8.3. Evonik Industries AG
- 8.4. Sumitomo Chemical Co., Ltd.
- 8.5. Arkema
- 8.6. LyondellBasell Industries N.V.
- 8.7. Celanese Corporation
- 8.8. Eastman Chemical Company
- 8.9. Chevron Phillips Chemical Company
- 8.10. SUEZ SA
- 8.11. Exxon Mobil Corporation
- 8.12. Covestro AG