Automotive plastics market size is likely to exceed 18 million tons by 2022: Global Market Insights, Inc. - PowerPoint PPT Presentation

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Automotive plastics market size is likely to exceed 18 million tons by 2022: Global Market Insights, Inc.

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Automotive plastics market size is likely to exceed 18 million tons by 2022, growing at a CAGR of over 9.5% from 2015 to 2022.Major companies include Dow Chemical, Johnson Control, Evonik Industries, AkzoNobel N.V. and Delphi Automotive. Automotive plastics market is to be worth more than 52 billion by 2022, growing at an CAGR of over 13.5%. Stringent regulation to reduce vehicle weight and curb carbon emissions is likely to drive automotive plastics market.Automotive plastics market – PowerPoint PPT presentation

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Title: Automotive plastics market size is likely to exceed 18 million tons by 2022: Global Market Insights, Inc.


1
Automotive Plastics Market size worth 53.8
billion by 2022
The key players include BASF, Dow Chemical,
Evonik Industries, Johnson Control, Delphi
Automotive and AkzoNobel
2
Global Market Scenario of Automotive plastics
Industry
  • Global Market Insights, Inc. has announced the
    addition of a new study based report on the
    automotive plastics market to their offering. The
    market size is predicted to surpass 18 million
    tons in terms of volume by 2022. In terms of
    revenue, the market is predicted to reach 52
    billion from 2015 to 2022, at an anticipated CAGR
    of over 13.5.
  • The report focuses on quality analysis in terms
    of volume and revenue with a comprehensive
    overview of the market, including definitions and
    classification of the market, market trends,
    competitive landscape, coupled with key
    participants of the market, regional scenario,
    and aspects such as drivers, impediments,
    opportunities and challenges of the market.
  • Versatile, lightweight plastic material offers
    superior designs and excellent resistance to
    weather conditions. This has increased the demand
    of this compound, as the most accepted form of
    design material in the automotive industry.

3
Continue.....
  • Strict government regulations about vehicle
    emission control have resulted in implementation
    of lightweight plastics as substitutes for steel
    or aluminum metals. The increasing trend of
    lightweight vehicles to enhance fuel efficiency
    and increasing prices of metals is likely to
    further the growth.
  • Factors like increasing investments in material
    research of plastic substitutes and higher
    material cost, non biodegradability of synthetic
    polymers, environmental concerns with regards to
    carbon emissions, etc. are predicted to hinder
    the market growth.
  • The report covers the analysis of the automotive
    plastics industry segmented into electrical
    components, power trains, under the hood and
    chassis, and interior exterior on the basis of
    its application. Airbags, now being a mandatory
    safety measure in passenger cars, is likely to
    drive demand.

4

Request for sample report of PPE industry
analysis https//www.gminsights.com/request-sampl
e/detail/373
5
360 Analysis https//www.gminsights.com/request-
sample/detail/110
  • Regional analysis of the market report covers
    market insights on a regional scale. Asia Pacific
    is likely to retain its dominance as the largest
    automotive plastics market region for passenger
    cars. In terms of consumption, the Middle East
    Africa region is anticipated to register as the
    top growing region. Growing automobile
    aftermarket sales are likely to impel the MEA
    market in next few years.
  • Major participants of the market are profiled in
    the report with the comprehensive analysis of the
    business strategies, current trends and
    competitive landscape. The key players include
    BASF, Dow Chemical, Evonik Industries, Johnson
    Control, Delphi Automotive and AkzoNobel N.V.
    Borealis AG, Hanwha Azdel, GrupoAntolin-Irausa
    S.A, Magna International, Lear Corp, SABIC,
    Momentive Performance Materials, DSM and Owens
    Corning are some other major companies covered in
    the report.


6

Latest Research Report On Automotive Plastics
Industry_at_ https//www.gminsights.com/industry-anal
ysis/automotive-plastics-market Request for
Sample Report PDF_at_ https//www.gminsights.com/requ
est-sample/detail/110 Request for
customization in this report_at_https//www.gminsigh
ts.com/roc/110
7
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