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Turkey Automotive Plastic Compounding Market Size, Share & Trends Analysis Report By Product (ABS, PP, PU, PVC), By Application (Instrument Panels, Powertrain, Door Systems, Interior Components), By Region, And Segment Forecasts, 2024 - 2030

June 2024 | 100 pages | ID: T88F9B2C0AE0EN
Grand View Research, Inc.

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Turkey Automotive Plastic Compounding Market Growth & Trends

The Turkey automotive plastic compounding market size is expected to reach USD 513.63 million by 2030, expanding at a CAGR of 6.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. According to Automotive Distributors Association (ODD), owing to the support of marketing campaigns and easing of lockdown measures, light commercial vehicles and passenger car sales jumped by 60% year-on-year in July 2020. The demand for automotive vehicles in the country is expected to steadily rise, which, in turn, is projected to fuel the plastic compounding market in Turkey.

Rising environmental awareness among the consumers and stringent regulations regarding pollution control have compelled automotive original component manufacturers to control automotive emissions by utilizing innovative lightweight materials. Car weight reduction is one surefire method of achieving carbon emission savings as weight reduction drastically boosts fuel efficiency and eliminates pollution to a large extent. Thus, plastic compounds of various chemistries are being utilized in several automotive interior & exterior components to ensure lower carbon emission levels.

Amid the COVID-19 crisis, the decline in demand was observed in the manufacturing sector of Turkey in Mid-March of 2020. The country’s automotive exports decreased by 30%. Similarly, the demand for plastic compounding decreased. Automotive companies in Turkey suspended their production activities. The demand for automotive declined as consumers were concerned about meeting their basic needs in the crisis. As the main markets for the Turkish automotive industry are European countries and about 75% of automotive production is sold in the European market, the production of automotive plastics and OEMs was negatively impacted by the decreasing domestic and foreign demand.

Turkey Automotive Plastic Compounding Market Report Highlights
  • Polypropylene (PP) was the largest product segment in 2023. PP resins have become an essential ingredient for lightweight impact-resistant automotive parts on account of the lower specific gravity of PP resins, which provides improved fuel economy and low emission
  • The Interior component was the largest application segment in 2023. The rising demand for lightweight interior components to reduce the overall vehicle weight and enhance efficiency is driving the demand for automotive plastic compounding in the interior application
  • Exterior fascia to emerge as the fastest-growing application segment owing to rising demand for energy management technologies that impede roof crush, resist vehicle intrusion, and lower overall car body weight without compromising on safety or performance
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
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

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook

CHAPTER 3. TURKEY AUTOMOTIVE PLASTIC COMPOUNDING MARKET VARIABLES, TRENDS & SCOPE

3.1. Global Expanded Polypropylene Market Outlook
3.2. Industry Value Chain Analysis
  3.2.1. Raw Product Outlook
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
  3.5.1. Market Driver Analysis
  3.5.2. Market Restraint Analysis
  3.5.3. Industry Challenges
3.6. Porter’s Five Forces Analysis
  3.6.1. Supplier Power
  3.6.2. Buyer Power
  3.6.3. Substitution Threat
  3.6.4. Threat from New Entrant
  3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
  3.7.1. Political Landscape
  3.7.2. Economic Landscape
  3.7.3. Social Landscape
  3.7.4. Technological Landscape
  3.7.5. Environmental Landscape
  3.7.6. Legal Landscape

CHAPTER 4. TURKEY AUTOMOTIVE PLASTIC COMPOUNDING MARKET: PRODUCT OUTLOOK ESTIMATES & FORECASTS

4.1. Turkey Automotive Plastic Compounding Market: Product Movement Analysis, 2023 & 2030
4.2. Acrylonitrile Butadiene Styrene (ABS)
  4.2.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
4.3. Polypropylene (PP)
  4.3.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
4.4. Polyurethane (PU)
  4.4.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
4.5. Polyvinyl Chloride (PVC)
  4.5.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
4.6. Polyethylene (PE)
  4.6.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
4.7. Polycarbonate (PC)
  4.7.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
4.8. Polyamide (PA)
  4.8.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
4.9. Thermoplastic Elastomer (TPE)
  4.9.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
4.10. Others
  4.10.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)

CHAPTER 5. TURKEY AUTOMOTIVE PLASTIC COMPOUNDING MARKET: APPLICATION OUTLOOK ESTIMATES & FORECASTS

5.1. Turkey Automotive Plastic Compounding Market: System Movement Analysis, 2023 & 2030
5.2. Instrument Panels
  5.2.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
5.3. Powertrain
  5.3.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
5.4. Door Systems
  5.4.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
5.5. Interior Components
  5.5.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
5.6. Exterior Fascia
  5.6.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
5.7. Under-the-hood
  5.7.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
5.8. Others
  5.8.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)

CHAPTER 6. COMPETITIVE LANDSCAPE

6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company Categorization
6.3. Company Ranking
6.4. Heat Map Analysis
6.5. Market Strategies
6.6. Vendor Landscape
  6.6.1. List of raw material supplier, key manufacturers, and distributors
  6.6.2. List of prospective applications
6.7. Strategy Mapping
6.8. Company Profiles/Listing
  6.8.1. Petkim Petrokimya Holding A.Є.
    6.8.1.1. Company Overview
    6.8.1.2. Financial Performance
    6.8.1.3. Product Benchmarking
  6.8.2. Alfa Polimer ?novasyon Plastik A.Є.
    6.8.2.1. Company Overview
    6.8.2.2. Financial Performance
    6.8.2.3. Product Benchmarking
  6.8.3. Tisan Mьhendislik Plastikleri San. Tic. Ltd. Єti.
    6.8.3.1. Company Overview
    6.8.3.2. Financial Performance
    6.8.3.3. Product Benchmarking
  6.8.4. Elastron TPE
    6.8.4.1. Company Overview
    6.8.4.2. Financial Performance
    6.8.4.3. Product Benchmarking
  6.8.5. Pimar-Plastics Limited
    6.8.5.1. Company Overview
    6.8.5.2. Financial Performance
    6.8.5.3. Product Benchmarking
  6.8.6. EPSAN
    6.8.6.1. Company Overview
    6.8.6.2. Financial Performance
    6.8.6.3. Product Benchmarking
  6.8.7. MASKOM Plastik San. ve Tic. Ltd. Єti.
    6.8.7.1. Company Overview
    6.8.7.2. Financial Performance
    6.8.7.3. Product Benchmarking
  6.8.8. ALBIS Distribution GmbH und Co. KG.
    6.8.8.1. Company Overview
    6.8.8.2. Financial Performance
    6.8.8.3. Product Benchmarking
  6.8.9. Tosaf
    6.8.9.1. Company Overview
    6.8.9.2. Financial Performance
    6.8.9.3. Product Benchmarking
  6.8.10. LANXESS
    6.8.10.1. Company Overview
    6.8.10.2. Financial Performance
    6.8.10.3. Product Benchmarking
  6.8.11. PolyOne Corporation (Avient Corporation)
    6.8.11.1. Company Overview
    6.8.11.2. Financial Performance
    6.8.11.3. Product Benchmarking
  6.8.12. LyondellBasell Industries Holdings B.V.
    6.8.12.1. Company Overview
    6.8.12.2. Financial Performance
    6.8.12.3. Product Benchmarking
  6.8.13. EUROTEC A.S.
    6.8.13.1. Company Overview
    6.8.13.2. Financial Performance
    6.8.13.3. Product Benchmarking
  6.8.14. Kingfa Science and Technology Co Ltd
    6.8.14.1. Company Overview
    6.8.14.2. Financial Performance
    6.8.14.3. Product Benchmarking
  6.8.15. SABIC
    6.8.15.1. Company Overview
    6.8.15.2. Financial Performance
    6.8.15.3. Product Benchmarking
  6.8.16. Ravago
    6.8.16.1. Company Overview
    6.8.16.2. Financial Performance
    6.8.16.3. Product Benchmarking
  6.8.17. Polytek Development Corp.
    6.8.17.1. Company Overview
    6.8.17.2. Financial Performance
    6.8.17.3. Product Benchmarking


LIST OF TABLES


Table 1 Turkey Automotive Plastic Compounding Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Table 2 Turkey Automotive Plastic Compounding Market estimates and forecasts by Product, 2018 - 2030 (Kilotons) (USD Million)
Table 3 Turkey Automotive Plastic Compounding Market estimates and forecasts by Acrylonitrile Butadiene Styrene (ABS), 2018 - 2030 (Kilotons) (USD Million)
Table 4 Turkey Automotive Plastic Compounding Market estimates and forecasts by Polypropylene (PP), 2018 - 2030 (Kilotons) (USD Million)
Table 5 Turkey Automotive Plastic Compounding Market estimates and forecasts Polyurethane (PU), 2018 - 2030 (Kilotons) (USD Million)
Table 6 Turkey Automotive Plastic Compounding Market estimates and forecasts by Polyvinyl Chloride (PVC), 2018 - 2030 (Kilotons) (USD Million)
Table 7 Turkey Automotive Plastic Compounding Market estimates and forecasts by Polyethylene (PE), 2018 - 2030 (Kilotons) (USD Million)
Table 8 Turkey Automotive Plastic Compounding Market estimates and forecasts in Polycarbonate (PC), 2018 - 2030 (Kilotons) (USD Million)
Table 9 Turkey Automotive Plastic Compounding Market estimates and forecasts in Polyamide (PA), 2018 - 2030 (Kilotons) (USD Million)
Table 10 Turkey Automotive Plastic Compounding Market estimates and forecasts in Thermoplastic Elastomer (TPE), 2018 - 2030 (Kilotons) (USD Million)
Table 11 Turkey Automotive Plastic Compounding Market estimates and forecasts in Others, 2018 - 2030 (Kilotons) (USD Million)
Table 12 Turkey Automotive Plastic Compounding Market estimates and forecasts by Application, 2018 - 2030 (Kilotons) (USD Million)
Table 13 Turkey Automotive Plastic Compounding Market estimates and forecasts in Instrument Panels, 2018 - 2030 (Kilotons) (USD Million)
Table 14 Turkey Automotive Plastic Compounding Market estimates and forecasts in Powertrain, 2018 - 2030 (Kilotons) (USD Million)
Table 15 Turkey Automotive Plastic Compounding Market estimates and forecasts in Door Systems, 2018 - 2030 (Kilotons) (USD Million)
Table 16 Turkey Automotive Plastic Compounding Market estimates and forecasts in Interior Components, 2018 - 2030 (Kilotons) (USD Million)
Table 17 Turkey Automotive Plastic Compounding Market estimates and forecasts in Exterior Fascia, 2018 - 2030 (Kilotons) (USD Million)
Table 18 Turkey Automotive Plastic Compounding Market estimates and forecasts in Under-the-hood, 2018 - 2030 (Kilotons) (USD Million)
Table 19 Turkey Automotive Plastic Compounding Market estimates and forecasts in Others, 2018 - 2030 (Kilotons) (USD Million)
LIST OF FIGURES


Fig. 1 Market segmentation
Fig. 2 Information procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Market snapshot
Fig. 6 Segmental outlook- Product, material, and Form
Fig. 7 Competitive outlook
Fig. 8 Turkey Automotive Plastic Compounding Market, 2018 - 2030 (Kilotons) (USD Million)
Fig. 9 Value chain analysis
Fig. 10 Market dynamics
Fig. 11 Porter’s Analysis
Fig. 12 PESTEL Analysis
Fig. 13 Turkey Automotive Plastic Compounding Market, by Product: Key takeaways
Fig. 14 Turkey Automotive Plastic Compounding Market, by Product: Market share, 2023 & 2030
Fig. 15 Turkey Automotive Plastic Compounding Market, by Application: Key takeaways
Fig. 16 Turkey Automotive Plastic Compounding Market, by Application: Market share, 2023 & 2030


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