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Automotive Plastics Market statistics and research analysis released in latest report

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Statistics of Automotive Plastics Market covering market size, industry share numbers, regional outlook, competitive landscape with data about leading companies is now available in the latest report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Automotive Plastics Market statistics and research analysis released in latest report


1
Automotive Plastics Market share by applications
and regions for 2017- 2024
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
Global Market Scenario of Automotive Plastic
Industry
  • Automotive Plastics Market is set to surpass USD
    50 billion by 2024 according to a new research
    report by Global Market Insights, Inc.
  • Rising passenger cars production along with
    consumer demand for fuel efficient, durable and
    light weight vehicles should stimulate automotive
    plastics industry demand. Rapid industrialization
    and urbanization in India, Japan, and China will
    propel the demand for commercial vehicles, SUVs,
    modern cars and HMVs. Rising per capita income
    and improving living standards will create demand
    for stylish and high aesthetics cars thereby
    stimulating industry growth.
  • Automotive plastics are preferably used in
    various auto bodies and parts including chassis,
    power train, electronic components under the
    hood, exterior and interior furnishings and fuel
    systems. It is durable, scratch resistant,
    abrasion resistance, allows effective design
    molding, component integration and improves
    vibration and noise control in automobiles.
    Expanding manufacturing hubs along with
    government spending for advanced technology may
    contributes towards automotive plastics industry
    growth.

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Continue-
  • North America automotive plastics market size,
    with steady gains in the U.S. and Canada is
    poised to exceed USD 5 billion up to 2024 owing
    to rise in consumer preferences for lightweight
    and fuel-efficient vehicles. Rising OEM
    manufacturers demand towards reducing vehicle
    weight and providing cost effective solutions may
    have a positive influence on the regional growth.
    Stringent government standards and rules by CAFÉ
    regarding CO2 emission and fuel economy has
    resulted in OEMs to search for other methods to
    reduce vehicular weight to improve fuel
    efficiency.
  • Major raw materials, PU, ABS, PMMA, PVC, and PP
    are used in the manufacturing process of
    automotive plastics. Lack of standardization of
    plastic materials along with sustainability
    issues will be a major challenge and may impact
    industry growth.
  • PVC based automotive plastics market demand is
    likely to surpass USD 1.9 billion during the
    foreseeable timeframe. These are mainly used in
    underbody coatings, sealants, door panels
    seating, dashboard, arm rest, window sealing
    profiles, weather strips, and body side
    protection. Increasing environmental concerns
    regarding carbon emission coupled with rising
    consumer awareness regarding safety and reducing
    accidental injuries may act as a contributing
    factor for industry growth.

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
Request For a Sample Copy of This Research
Report_at_ https//www.gminsights.com/request-sample
/detail/110
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
360 Industry Analysis
  • Germany automotive plastics market demand is
    likely to register gains close to 8.5 during the
    forecast timeframe. Growth in automobile industry
    and presence of major industry giants along with
    high innovations and strategies will enhance
    product demand in the region. Increasing pressure
    on automobile manufacturers to reduce GHG
    emission to comply with EU standards coupled with
    high investments in research will drive regional
    industry growth.
  • India automotive plastics market size from
    electrical components application may expect
    consumption at over 380 kilo tons up to 2024 due
    to swift increase in passenger vehicle production
    and consumer willingness to spend on stylish
    cars. It finds wide application scope in battery,
    and switches owing to high strength, low
    friction, and natural smooth finish. Indian
    government encourages FDI in the automobile
    sector and plans to invest in eco-friendly cars
    in the future, thereby promoting automotive
    plastics market growth.

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com/roc/110
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6
  • UK Automotive Plastics Market demand from
    polypropylene (PP) may register substantial
    growth at about 9 during the projected period.
    The product has wide usage in cable insulation,
    petrol cans, indoor outdoor carpets, battery
    box, and bumpers. PP is about 15 to 20 lighter
    than other materials which is beneficial in
    automobile weight, thereby resulting in less CO2
    emission and low fuel consumption.
  • Competitive Analysis
  • BASF, Delphi, Celanese, DSM, Evonik, SABIC, RTP,
    Lear Corporation, Borealis AG, Adient and
    Covestro are the prominent industry participants
    in the automotive plastics market. Companies are
    focusing towards investing in RD activities to
    comply with government standards and enhancing
    their product portfolio by forming joint ventures
    and partnerships.

Regional Analysis
Make An Inquiry To Purchase This Report _at_
https//www.gminsights.com/inquiry-before-buying/
110
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
Latest Research Report On Automotive Plastics
Market_at_ https//www.gminsights.com/industry-analys
is/automotive-plastics-market Request for
sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
110 Request for customization https//www.g
minsights.com/roc/110
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
8
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
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