Automotive Plastics Market New Industry Research on Present State & Future Growth Prospects by 2023

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Automotive Plastics Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Automotive Plastics Market Research Report-
Forecast to 2023
Automotive Plastics Market - Overview
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. The Automotive
Plastics Market has been witnessing steady growth
over the past few years mainly due to the
improving economic condition, worldwide that is
enhancing consumers purchasing power. Consumers
nowadays are demanding luxuries vehicles with the
advancements in automobile exterior design that
can give maximum fuel efficiency. This demand is
escalating the market on the global platform,
ascending the demand for the lightweight
automotive components. Acknowledging the
exponential accruals, the market is garnering
currently, Market Research Future (MRFR) in its
recently published study report asserts that the
Global Automotive Plastics Market will achieve
yet another ascending level by 2023, registering
a CAGR of approximately 10.45 throughout the
forecast period (2018 to 2023). Additionally,
factors such as the stringent governmental
regulations pertaining to the vehicular emissions
are increasing the size of the market by
encouraging the automotive companies to switch
their preferences from metals like steel and
aluminum to light-weight plastics. Nevertheless,
factors such as the exceeding demand for emission
and weight control composites alongside the high
demand for improved vehicular designs would
support the growth of the market over the
forecast period. Also, technological advancements
expected to be transpired soon are likely to
present economical manufacturing processes
reducing the selling cost of these plastics.
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Automotive Plastics Market Research Report-
Forecast to 2023
Segmental Analysis
For ease of understanding the report has been
segmented into three key dynamics - By Types
Comprises - Polypropylene, Polyurethane,
Acrylonitrile-butadiene-styrene, Polyamide,
Polymethyl Methacrylate, Polycarbonate, and
Others (Polyvinyl Chloride, Polyethylene). By
Applications Interiors Body, Under Bonnet,
Exterior Body, and Electrical Components among
others. By Regions North America, Europe, Asia
Pacific, and the Rest-of-the-World. View Full
Press Release _at_ https//www.marketresearchfuture.c
om/reports/automotive-plastics-market-2954

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Automotive Plastics Market Research Report-
Forecast to 2023
Regional Outlook
The Asia Pacific region, heading with its
burgeoning automotive and transportation industry
accounts for the dominating market in the Global
Automotive Plastics Market, capturing the largest
market share. Factors that are substantiating the
growth of the regional market include the massive
consumption of these composites in the ever
increasing automotive and transportation industry
in this region. Rapidly developing economies such
as Japan, China, and India backed by their
well-established automotive sectors, account for
the major Automotive Plastics Markets in the APAC
region. The Automotive Plastics Market in the
European region accounts for the second most
significant market, globally. The already
well-established, robust automotive industry in
the region is witnessing a steady rise in the
demand for the lightweight automotive component.
Moreover, the automotive industry in major
countries such as Germany, the U.K., France, and
Italy is increasingly consuming these plastics
components for manufacturing a number of
under-hood parts. North America Automotive
Plastics Market is rapidly emerging as a
profitable market, globally. Factors such as the
growing demand for light-weight plastics for the
manufacturing of aftermarket products of the
interiors and exterior body are some of the major
driving forces propelling the growth of the
market. The US backed by the presence of the
burgeoning automotive industry accounts for the
major contributor to the growth of the market. On
the other hand, the Automotive Plastics Market in
the Middle East African (MEA) region is growing
at a significant rate predominantly led by the
growth of the automotive sector. Some of the GCC
countries like the UAE, Saudi Arabia, and Qatar
are leading the automotive plastics market in the
region.
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Automotive Plastics Market Research Report-
Forecast to 2023
Major Players in this Research

• Automotive Plastics Market Prominent Players
• TEIJIN LIMITED
• Evonik Industries AG
• LyondellBasell Industries Holdings BV
• DowDuPont
• Covestro AG
• BASF SE
• Mitsubishi Chemical Corporation
• LANXESS
• SABIC
• Koninklijke DSM NV

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