Tag Archives: Automotive Plastics Market

Automotive Plastics Market Share, Competitive Analysis and Industry Segments Poised for Strong Growth in Future 2023

Automotive Plastic is an integral component used in the design and manufacture of automotive parts such as flooring, engine components, and door panels, etc. The lightweight plastic material helps to control the fuel consumption, increasing the fuel efficiency of the vehicles. It also allows designers to implement innovative and durable designs. Resultantly, the demand for light-weight plastic has been augmented drastically over the past few years.

Improving economy is fuelling the automotive industry lately, enhancing the consumers’ purchasing power. Resultantly, consumers are demanding luxuries vehicles with the advancements in automobile exterior design, and that can give maximum fuel efficiency. This, in turn, is ascending the demand for the lightweight automotive components, escalating the market value of Automotive Plastic on the ****** platform.

Automotive Plastics Market 2019 Trends, Industry Analysis, Outlook and ****** Forecasts 2023

Automotive Plastics are specially developed polymers for the design and manufacturing of automotive parts such as flooring, engine components, and door panels, etc. This lightweight polymer helps to control fuel consumption and carbon footprint, increasing the fuel efficiency of vehicles. Moreover, these plastics also allow designers to implement innovative and durable designs. Resultantly, these light-weight polymers witness a huge uptake and demand in the manufacturing of vehicles. The heightened demand leads to driving the growth of the Automotive Plastics Market.

****** Automotive Plastics Market by deployment mode, type, Forecast to 2023

This report provides in depth study of “Automotive Plastics Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Automotive Plastics Market report also provides an in-depth survey of key players in the market organization.

****** Automotive Plastics Market Synopsis:

The ****** “Automotive Plastics Market” research 2019 highlights the major details and provides in-depth analysis of the market along with the future growth, prospects and Industry demands analysis explores with the help of complete report with 125 Pages, figures, graphs and table of contents to analyze the situations of ****** Automotive Plastics Market and Assessment to 2023.

Automotive Plastics Market: By Industry Business Plan, Manufacturers, Sales, Supply, Revenue, Applications and Forecast Report 2018-2025

Excell Reports include new market research report “Automotive Plastics Market” to its huge collection of research reports at the ****** and regional level. This report presents the worldwide Automotive Plastics market size (value, Capacity, production and consumption), splits the breakdown (data status 2015-2018 and forecast to 2025), by manufacturers, region, type and application. The ****** Automotive Plastics market is expected to grow at a significant CAGR during the forecast period. A stringent emission regulation is anticipated to drive the growth prospects for the market for the coming years.

Automotive Plastics Market Industry: Market Size, Growth, Trends and 2025 Forecast Report

****** Automotive Plastics Market to reach USD 58.3 billion by 2025.

The shift in trend towards high performance plastics to substitute conventional metals & rubber is expected to drive demand.

The quality of plastics is highly dependent upon their properties, functions and applications. Superior properties such as light weight, versatility and flexibility has fostered technological innovations and design freedom using plastic materials.

Streamlined mass production has enabled provision of technologically sound and cost-efficient products with high sustainability. Utilization of polymer matrix and carbon fiber composites are expected to enable car body-weight reductions of 25% to 75%. They contribute to lower vehicle weight, essential for emission reduction and fuel conservation while supporting the additional weight of advanced safety equipment.

Growth Opportunities of Automotive Plastics Market in the ****** Industry with analysis, Expected Growth and Forcast By 2023

The Key players in the ****** Automotive Plastics Industry are BASF SE, AkzoNobel N.V, Covestro, Johnson Controls, Evonik Industries AG, Magna International, SABIC, Momentive Performance Materials Inc., Borealis AG, The Dow Chemical Company, Hanwha Azdel Inc., Lear Corp., Grupo Antolin, Owens Corning, Teijin Ltd., Royal DSM N.V, and Quadrant AG. The industry has the existence of key multinational participants that are dynamically engaged in technological innovations, research and development, mergers and acquisitions and other collaborations to amend their Industry value and position. Moreover, companies like BASF and Hanwha Azdel Inc. have invested in the development of their manufacturing capabilities to improve their regional presence and          portfolios.

Automotive Plastics Market is Projected to Value USD 66 billion by 2024

The ****** Automotive Plastics Market is poised to exceed USD 66 billion by 2024. The market is anticipated to grow at a healthy CAGR of over 13.5% from 2016-2024 (forecast period). Demand for interior & exterior furnishings & power train applications can fuel the ****** market in the forthcoming years.

Alloys & metals are increasingly being substituted with plastics in automobile parts. This leads to enhanced component performance & chemical corrosion resistance owing to reduced vehicular weight. Greater focus on emission control and on the reduction of vehicle weight will fuel market demand during the forecast period. Other market drivers are enhanced vehicle designs and demand for automobiles. The automotive market has been witnessing a growing trend towards vehicular weight reduction for enhanced fuel efficiency.

Automotive Plastics Market – An insight on the important factors and trends influencing the market.

 

As the automotive and automobile industry increasingly inclines toward the use of lightweight materials in place of conventionally-used metals, automotive plastics will be a US$32,985.4 million by 2018, a latest report by Transparency Market Research now shows. The report, titled “Automotive Plastics Market – ****** Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” conducts an in-depth study of the demand automotive plastic and its various segments through 2018. TMR analysts expect the ****** automotive plastics market to register a healthy growth rate through the forecast period of this report.