Global Automotive plastics market size to touch USD 53.8 billion mark by 2022: Fractovia - PowerPoint PPT Presentation

Loading...

PPT – Global Automotive plastics market size to touch USD 53.8 billion mark by 2022: Fractovia PowerPoint presentation | free to download - id: 849f9c-YjU4Y



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Global Automotive plastics market size to touch USD 53.8 billion mark by 2022: Fractovia

Description:

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. The market is likely to be worth more than 52 billion by 2022, growing at an estimated CAGR of over 13.5%. – PowerPoint PPT presentation

Number of Views:10

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Global Automotive plastics market size to touch USD 53.8 billion mark by 2022: Fractovia


1
Automotive Plastics Market size, Share
Analysis Fractovia.org
Automotive plastics market size is anticipated to
register USD 53.8 billion by 2022
2
Overview
  • Plastics provides considerable weight reduction
    for the automobiles resulting in low fuel
    consumption and emission thereby increasing the
    overall vehicle efficiency. Strict norms set by
    CAFÉ (Corporate Average Fuel Economy) have forced
    the automobile manufacturers to improve vehicle
    design fulfilling (complying with) weight
    reduction, low fuel consumption, and emission
    control norms.
  • As per the Global Market Insights Inc. report,
    the global automotive plastics market size is
    predicted to reach USD 53.8 billion mark by 2022
    at a CAGR of 13.5 over the period of 2015-2022.
    Rise in demand for automobiles, changes in
    vehicle designs, and the growing mass reducing
    trends to enhance fuel efficiency are few of the
    factors predicted to drive the market growth in
    the coming seven years.

3
Product Trends
  • The Polymethyl methacrylate (PMMA) automotive
    plastics market size is predicted to grow at a
    CAGR of 12 over the period of 2015-2022 due to
    its growing use/application in rear lights.
    Polypropylene (PP) dominated the automotive
    plastics market having had a worth of USD 4.8
    billion in 2014. These products are widely used
    as metal steel substitutes owing to their
    weight reducing property which in turn helps in
    cost reduction.
  • The Polyurethane (PU) automotive plastics market,
    contributing about 17 of the overall size in
    2014, is anticipated to record a CAGR of 10 over
    the period of 2015-2022. PU foam provides
    automobile designers manufacturers the means to
    manufacture seats of vehicles without adding any
    weight to it. Furthermore, the transport sector
    is the biggest user of reaction injection-molded
    PU components.

4
Application Trends
  • Electrical components applications segment worth
    USD 6.5 billion in 2014 and leading the
    applications segment, is predicted to witness a
    noticeable surge in coming years. Sockets
    manufactured from high performance plastics,
    having key properties such as thermal stability,
    lightweight and corrosion resistance, makes them
    an ideal metal substitute in these applications.
  • Power trains applications are expected to grow at
    a CAGR of 10 over the period of 2015-2022 due to
    the growing use of automotive plastics in the
    production of jolt bolts and transmission units.
  • Interior exterior furnishing applications
    segment contributed towards 32 of the overall
    automotive plastics demand in 2014 and is
    expected to grow at a rate of 9 over the period
    of 2015-2022. Body light panels, fascia
    systems, and steering wheels are the key parts of
    the application using automotive plastics.

5

Browse Full Market Research Report Automotive
Plastics Market _at_ https//www.fractovia.org/news/i
ndustry-research-report/automotive-plastics-market
Request for a Sample of this Research report
_at_ https//www.fractovia.org/request-sample/195
6
Regional Trends
  • The Asia Pacific automotive plastics market share
    worth USD 9.5 billion in 2014, is predicted to
    witness a significant growth in next few years.
    Shifting of automobile production units to India,
    Thailand, China, and Indonesia by key
    manufacturers due to government initiatives and
    the availability of affordable manpower is
    expected to stimulate the regional growth.
  • The Central South America automotive plastics
    market is projected to grow at a CAGR of 10.5
    over the period of 2015-2022. The MEA automotive
    plastics market is likely to witness a
    substantial growth owing to the increase in
    automobile sales in this region.
  • Countries like UAE and Saudi Arabia are predicted
    to drive the regional growth. The Latin America
    market size is expected to record a CAGR of 10.6
    over the period of 2015-2022 owing to the
    increase in purchasing capacity of the consumer
    and rise in vehicle sales.

7
Competitive Trends
  • Key industry participants include Evonik
    Industries, Delphi Automotive, BASF, Johnson
    Controls, The Dow Chemical Company, and AkzoNobel
    N.V. These market players will try to increase
    their share by enhancing their product portfolios
    and expanding their regional presence.

Request for a Sample of this Research report
_at_ https//www.fractovia.org/request-sample/195
8
Stay In Touch Website https//www.fractovia.org
/
Social Media
About PowerShow.com