Automotive Plastics Market is Poised to Exceed USD 66 Billion by 2024 - PowerPoint PPT Presentation

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Automotive Plastics Market is Poised to Exceed USD 66 Billion by 2024

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The global automotive plastics market is projected to go beyond 18 million tons by the end of the forecast period (2016-2024). Expanding at a healthy CAGR of over 13.5% during the forecast period, the industry is estimated to report more than USD 66 billion by 2024. – PowerPoint PPT presentation

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Title: Automotive Plastics Market is Poised to Exceed USD 66 Billion by 2024


1
Your Catalyst To a Lucrative Business Automotive
Plastics Market Share, Size, Application
Analysis, Growth, Strategies, Trends and
Forecasts to 2024 Hexa Research
" Automotive Plastics Market is estimated to
cross USD 66 billion by 2024. "
The global 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 global 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. Besides reducing the weight of
vehicles, these compounds are employed to enhance
aesthetics, reduce vibrations, and decrease
noise cabin insulation. However, high costs of
raw materials and substantial investments could
hinder market growth. Most automotive plastic
products are derived from petrochemicals. The
availability of crude oil determines the supply
of petrochemicals. The non -recyclable nature of
automotive plastics can impede market
progress. Browse Details of Report
_at_ https//www.hexaresearch.com/research-report/aut
omotive-plastics-industry
2
Your Catalyst To a Lucrative Business The global
automotive plastics market is categorized into
products, applications, and regions. Products
include polyethylene, acrylonitrile butadiene
styrene (ABS), polyurethane, polypropylene,
polyvinyl chloride (PVC), polycarbonate,
polyamide, and polymethyl methacrylate (PMMA).
Polypropylene led the market in 2014 with a
revenue exceeding USD 5 billion. Engineering
metals plastics are increasingly being replaced
by PP -based materials in the production of
automobile parts. This leads not only to
vehicular weight reductions but also to
significant costs savings. Polypropylene and
polyethylene foams are commonly used for
vibration and noise dampening thermal
solidity. PMMA holds a smaller market share.
However, this segment may witness substantial
growth in the forecast period. This owes to the
widespread application of PMMA in automobile
light covers, windows, trims, and glazing. It is
also used as a replacement for glass. Based on
applications, the automotive plastics market is
divided into electrical components, power train,
under the hood, interior exterior furnishings,
and chassis. In 2014, electrical components held
the largest share and surpassed USD 6 billion.
Interior exterior applications held a share of
over 32 in 2014 and can grow at a CAGR of over
9 during the forecast period. Bumper systems,
fascia systems, body light panels, and steering
wheels are the key components that use
automotive plastics. Power trains is
anticipated to be the fastest growing segment
and may register a CAGR of over 10 during the
next eight years. Based on regions, the global
automotive plastics market is segmented into Asia
Pacific, Europe, North America, and Rest of the
World. The Asia-Pacific automotive plastics
market dominated the industry in 2014. In terms
of revenue, the region reported USD 9.5 billion
during the same year. The shift of automotive
manufacturing units to countries, such as India,
China, Thailand, and Indonesia propels the Asia
Pacific market. Demand is attributed to
supportive government initiatives and the
availability of cheap la bor. Central South
America could grow at a decent CAGR of over
10.5 from 2016 to 2024. Major companies
operating in the industry are Johnson Controls,
The Dow Chemical Company, Akzo Nobel N. V.,
Delphi Automotive PLC, and Evonik Industries A.
G. Browse Related Category Market Reports
_at_ https//www.hexaresearch.com/research-category/p
lastics-polymers-and-resins-industry
3
  • Your Catalyst To a Lucrative Business
  • Table of Content of Automotive Plastics Market
  • 1. Methodology Scope
  • 1.1 Research Methodology
  • Initial Data Exploration
  • Statistical Modeling and Forecast
  • Industry Insights and Validation
  • Research Scope Assumptions
  • List of Data Sources
  • 2. Executive Summary
  • 2.1 Industry Summary of Automotive Plastics
    Market
  • Industry Outlook
  • Automotive Plastics Market Segmentation
  • Automotive Plastics Market Size and Growth
    Prospects
  • Automotive Plastics Market Dynamics

4
  • Your Catalyst To a Lucrative Business
  • Company Overview
  • Revenue Analysis
  • Product Benchmarking
  • Strategic Initiatives
  • The Dow Chemical Company
  • Company Overview
  • Revenue Analysis
  • Product Benchmarking
  • Strategic Initiatives
  • Akzo Nobel N. V.
  • Company Overview
  • Revenue Analysis
  • Product Benchmarking
  • Strategic Initiatives
  • Delphi Automotive PLC
  • Company Overview
  • Revenue Analysis

5
Your Catalyst To a Lucrative Business About
Us Hexa Research is a market research and
consulting organization, offering industry
reports, custom research and consulting services
to a host of key industries across the globe. We
offer comprehensive business intelligence in the
form of industry reports which help our clients
obtain clarity about their business environment
and enable them to undertake strategic growth
initiatives. Contact Us Ryan Shaw Hexa
Research Felton Office Plaza 6265 Highway
9 Felton, California 95018 United States Phone
1-800-489-3075 Email sales_at_hexaresearch.com Webs
ite - http//www.hexaresearch.com/ Visit our
Blog https//hexaresearchinc.wordpress.com/
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