Automotive Decorative Exterior Trim Plastics Market Research Report By Type (Exterior Trim Components, Decorative Covers, Spoilers and Air Dams, Chrome Trim, Bodyside Moldings), By Material (Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyurethane (PU), Thermoplastic Polyolefin (TPO)), By Vehicle Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, SUVs and Crossovers, Luxury Vehicles), By Application Area (Front End, Side Body, Rear End, Roof, Windows and Mirrors) and

Automotive Decorative Exterior Trim Plastics Market Overview

As per MRFR analysis, the Automotive Decorative Exterior Trim Plastics Market Size was estimated at 13.42 (USD Billion) in 2022.        The Automotive Decorative Exterior Trim Plastics Market Industry is expected to grow from 13.94(USD Billion) in 2023 to 19.5 (USD Billion) by 2032. The Automotive Decorative Exterior Trim Plastics Market CAGR (growth rate) is expected to be around 3.81% during the forecast period (2024 - 2032).

Key Automotive Decorative Exterior Trim Plastics Market Trends Highlighted

Growing consumer demand for aesthetically pleasing and personalized vehicles is driving the market for automotive decorative exterior trim plastics. The rise of electric vehicles (EVs) presents opportunities for manufacturers to develop innovative trim solutions that enhance aerodynamics and range. Technological advancements in material science are enabling the production of durable, lightweight, and cost-effective plastics. Furthermore, government regulations on fuel efficiency and emissions are mendorong the adoption of lightweight materials in vehicle design.Key market trends include the increasing adoption of advanced materials such as carbon fiber and glass fiber reinforced plastics (GFRP), which offer superior strength, weight reduction, and corrosion resistance. Customization and personalization options are becoming increasingly popular, leading to a demand for trim plastics with various textures, colors, and finishes. The integration of lighting and sensors into trim components is also gaining traction, enhancing vehicle safety and aesthetics.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Decorative Exterior Trim Plastics Market Drivers

Rising Demand for Premium and Luxury Vehicles

One of the main driving factors of the Automotive Decorative Exterior Trim Plastics Market Industry is the increasing popularity of premium and luxury vehicles. In the past few years, there has been a growing interest of consumers in vehicles with a sophisticated and stylish appearance. Decorative exterior trim plastics are an essential part of these vehicles that contribute to their aesthetic appeal. Chrome accents, body moldings and grille inserts, and other exterior trim components make vehicles look more elegant, extravagant, and exclusive.The demand for premium and luxury vehicles is likely to increase in the forthcoming years meaning that the Automotive Decorative Exterior Trim Plastics Market Industry will continue to grow.

Increasing Focus on Vehicle Customization

The trend towards vehicle customization is another major factor driving the growth of the Automotive Decorative Exterior Trim Plastics Market Industry. Consumers are no longer satisfied with standardized vehicle designs and are seeking ways to personalize their vehicles and express their individuality. Decorative exterior trim plastics offer a cost-effective and versatile solution for vehicle customization, allowing consumers to add unique touches to their vehicles.The wide range of colors, textures, and finishes available in these trim components enables consumers to create vehicles that reflect their personal style and preferences. The increasing focus on vehicle customization is expected to continue to drive demand for decorative exterior trim plastics in the coming years.

Technological Advancements and Innovation

On the other hand, technological advancements and innovation are playing a considerable role in the development of the Automotive Decorative Exterior Trim Plastics Market Industry. For example, the development of new materials and manufacturing techniques has enabled the creation of lightweight, durable, and relatively inexpensive decorative exterior trim plastics. These materials are more resilient to all types of weather, as well as UV radiation and chemicals, preventing damage and ensuring the longevity of trim components.They can be also be modified using innovative design techniques, including 3D printing and molding, to create more intricate and elaborate designs that match the trends and fads among consumers. Generally, technological advancements and innovation are likely to fuel the development of new and improved decorative exterior trim plastics, further expanding the market.

Automotive Decorative Exterior Trim Plastics Market Segment Insights

Automotive Decorative Exterior Trim Plastics Market Type Insights  

The Automotive Decorative Exterior Trim Plastics Market is segmented by Type into Exterior Trim Components, Decorative Covers, Spoilers and Air Dams, Chrome Trim, and Bodyside Moldings. The Exterior Trim Components segment is expected to hold the largest share of the market in 2023, owing to the increasing demand for lightweight and durable materials in the automotive industry. The Decorative Covers segment is also expected to witness significant growth, due to the rising demand for customized and stylish vehicles. The Spoilers and Air Dams segment is expected to grow at a steady pace, driven by the increasing popularity of performance-oriented vehicles.The Chrome Trim segment is expected to account for a significant share of the market, due to its use in luxury and premium vehicles. The market growth is attributed to the increasing demand for lightweight and durable materials, rising demand for customized and stylish vehicles, and growing popularity of performance-oriented vehicles. The market is also driven by the increasing production of vehicles in developing countries and the adoption of stringent fuel efficiency regulations.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Decorative Exterior Trim Plastics Market Material Insights  

Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyurethane (PU), and Thermoplastic Polyolefin (TPO) are the primary materials used in the production of automotive decorative exterior trim plastics. ABS is expected to hold the largest market share in 2023, owing to its high strength, rigidity, and resistance to chemicals and weathering. PP is projected to be the fastest-growing segment, with a CAGR of 4.2% from 2023 to 2032. This growth is attributed to its lightweight, low cost, and good impact resistance. PVC is commonly used in applications where flexibility and low cost are important considerations.PU offers high durability, UV resistance, and paintability, making it suitable for premium automotive applications. TPO is gaining popularity due to its excellent weatherability, impact resistance, and recyclability.

Automotive Decorative Exterior Trim Plastics Market Vehicle Application Insights  

The Automotive Decorative Exterior Trim Plastics Market is segmented based on Vehicle Application into Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, SUVs and Crossovers, and Luxury Vehicles. Among these segments, Passenger Cars held the largest market share of around 45% in 2023 and is projected to maintain its dominance throughout the forecast period. The growth of this segment can be attributed to the rising demand for passenger cars globally, particularly in emerging economies. Additionally, the increasing popularity of SUVs and Crossovers is also driving the growth of the Automotive Decorative Exterior Trim Plastics Market.This segment is expected to witness a significant CAGR of 4.2% during the forecast period, owing to the increasing popularity of SUVs and Crossovers in both developed and developing countries.

Automotive Decorative Exterior Trim Plastics Market Application Area Insights  

The Automotive Decorative Exterior Trim Plastics Market is segmented by Application Area into Front End, Side Body, Rear End, Roof, Windows and Mirrors. Among these segments, the Front End segment held the largest market share of 35.6% in 2023. The growth of this segment can be attributed to the increasing demand for vehicles with a more stylish and sporty appearance. The Side Body segment is expected to experience the highest growth over the forecast period, owing to the rising popularity of SUVs and crossovers, which typically feature more side body trim than other types of vehicles.The Rear End segment is expected to witness a steady growth, driven by the increasing demand for vehicles with a more premium and luxurious look. The Roof segment is expected to experience a moderate growth, as more vehicles are being equipped with panoramic sunroofs and other roof-mounted accessories. The Windows and Mirrors segment is expected to see a relatively slow growth, as the demand for decorative trim in this area is limited.

Automotive Decorative Exterior Trim Plastics Market Regional Insights  

The regional landscape of the Automotive Decorative Exterior Trim Plastics Market exhibits significant variations in terms of market size, growth potential, and competitive dynamics. North America and Europe collectively accounted for over 60% of the global market revenue in 2023, driven by the presence of major automotive manufacturing hubs and high consumer demand for premium vehicles. The APAC region is projected to witness the fastest growth over the forecast period, owing to the burgeoning automotive industry in countries like China and India.South America and MEA are expected to contribute a relatively smaller share to the overall market, but offer promising growth opportunities due to increasing urbanization and rising disposable incomes. Key market players are expanding their presence in emerging regions to capitalize on these growth prospects.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Decorative Exterior Trim Plastics Market Key Players And Competitive Insights

Leading Automotive Decorative Exterior Trim Plastics Market players are constantly trying to gain a competitive advantage with the help of the latest and innovative products and technologies. Key players rely on strategic partnerships, mergers, and acquisitions. Manufacturers are also highly concentrated on R to provide more effective and aesthetic products. The industry of Automotive Decorative Exterior Trim Plastics Market is highly competitive, and leading players constantly try to outperform each other. The manufacturers invest immense efforts and funds in R to discharge more lightweight and efficiently working materials. Furthermore, the key market participants are trying to find innovative production solutions to cut the expenses. Finally, the leading market players are investing in supply chain optimizations to deliver their product to the end customer as fast as it is possible. Automotive Decorative Exterior Trim Plastics Market companies are also concentrating on sustainability approaches, as they are increasingly using recycled materials in production and reducing their carbon print. The Automotive Decorative Exterior Trim Plastics Market development is driven by such critical factors as the increased demand for vehicles customized by consumers, high disposable incomes, and successful purchase of luxury cars.X Company is a prime and one of the first leading companies in the Automotive Decorative Exterior Trim Plastics Market. The company is renowned for producing its high-quality products meeting the automakers’ demanding requirements. Its product is widely used in hundreds of cars and trucks all over the globe. X Company delivers remarkable products with high customer satisfaction. The company once started to be a small and family-owned business but grew into a vast corporation in the course of its development. Today the company comprises a great supply chain, 42 manufacturing plants all over the globe and four R facilities. Almost 80% of the manufactured products are sold to the automakers. X Company owns 660 patents and employs more than 10 thousands of people at its facilities. The company also innovates and develops advanced materials and technologies to ensure that the manufactured autocars are efficient and reliable. Some major car manufacturers are also X’s strategic partners.

Key Companies in the Automotive Decorative Exterior Trim Plastics Market Include

• LANXESS


• Dow


• Covestro


• INEOS


• Celanese


• BASF


• Evonik


• Eastman


• Borealis


• SABIC


• PolyOne


• DuPont


• LyondellBasell


• Arkema


• Solvay

Automotive Decorative Exterior Trim Plastics Market Industry Developments

The Automotive Decorative Exterior Trim Plastics Market is projected to reach a valuation of USD 19.5 billion by 2032, expanding at a CAGR of 3.81% from 2024 to 2032. Rising demand for premium and aesthetically pleasing vehicles, coupled with growing disposable income in emerging economies, drives market growth. Furthermore, increasing adoption of lightweight materials to enhance fuel efficiency and reduce emissions bodes well for the industry. Technological advancements, such as the integration of sensors and lighting systems into trim components, present opportunities for market players. Key industry participants are focusing on strategic collaborations, acquisitions, and product launches to gain a competitive edge.

Automotive Decorative Exterior Trim Plastics Market Segmentation Insights

• Automotive Decorative Exterior Trim Plastics Market Type Outlook
  
  
  
  • Exterior Trim Components
  
  
  • Decorative Covers
  
  
  • Spoilers and Air Dams
  
  
  • Chrome Trim
  
  
  • Bodyside Moldings
  
  
  
  

• Automotive Decorative Exterior Trim Plastics Market Material Outlook
  
  
  
  • Acrylonitrile Butadiene Styrene (ABS)
  
  
  • Polypropylene (PP)
  
  
  • Polyvinyl Chloride (PVC)
  
  
  • Polyurethane (PU)
  
  
  • Thermoplastic Polyolefin (TPO)
  
  
  
  

• Automotive Decorative Exterior Trim Plastics Market Vehicle Application Outlook
  
  
  
  • Passenger Cars
  
  
  • Light Commercial Vehicles
  
  
  • Heavy Commercial Vehicles
  
  
  • SUVs and Crossovers
  
  
  • Luxury Vehicles
  
  
  
  

• Automotive Decorative Exterior Trim Plastics Market Application Area Outlook
  
  
  
  • Front End
  
  
  • Side Body
  
  
  • Rear End
  
  
  • Roof
  
  
  • Windows and Mirrors
  
  
  
  

• Automotive Decorative Exterior Trim Plastics Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa