Global Automotive Plastics Market Trends, Size, Share 2019-2027 - PowerPoint PPT Presentation

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Global Automotive Plastics Market Trends, Size, Share 2019-2027

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Global automotive plastics market is estimated to grow with approximated 9.78% CAGR during the year 2019-2027. Read more. – PowerPoint PPT presentation

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Title: Global Automotive Plastics Market Trends, Size, Share 2019-2027


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AUTOMOTIVE PLASTICS MARKET
FORECAST 2019-2027
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  • The global automotive plastics market is
    anticipated to raise its growth during the
    forecasting years of 2019-2027 with quantified
    and approximated 9.78 CAGR.
  • The global market is expected to grasp a share
    valued 64,164 million by the end of 2027.
  • Various grades of plastics are categorized based
    on their usage, composition, resistance
    rigidity, cost, and weight.
  • Their utilities in screw-on attachments in the
    furnishings to the more cost-intensive body parts
    in automobiles, everyday utilities, etc. these
    materials have made huge headways into various
    industries, and one of the most profited end
    users for plastics has been the automotive
    industry.

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  • Plastics find vast applications within the
    automotive sector because of their ease of
    manufacture, possible sourcing from renewable raw
    materials and relative ease of improved design
    that turn them into the primary materials for
    various automotive parts and applications.
  • They reduce vehicular weight alongside improving
    aesthetics, reducing the noise, vibrations, and
    cabin insulation.
  • The high cost of raw material necessary to
    manufacture automotive plastics and massive
    investments required are expected to pose
    challenges for the global industry.

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The Global Automotive Plastics Market is
anticipated to raise its growth during the
forecasting years of 2019-2027 with quantified
and approximated 9.78 CAGR.
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The automotive plastic market is developing at a
CAGR of 9.18 during the forecasting years of
2019-2027 in the North American region.
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The Europe automotive plastic market is
progressing at 9.42 CAGR during the forecasting
years.
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The Asia Pacific automotive plastics market is
progressing at 10.15 CAGR from 2019 to 2027..
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The companies and incorporations operating in the
global market for automobile plastics employ
organic and inorganic strategies for their
growth. Some of these companies are Sabic, Teijin
Ltd., Covestro AG, Chi Mei Corporation, Dow
Chemical Company, KRD Sicherheitstechnik GmbH,
Owens Corning Corporation, Evonik Industries,
Renias Co., Ltd., Johnson Controls, Magna
International, Sumitomo Chemical Co. Ltd.,
Idemitsu Kosan Co., Ltd., Royal DSM, BASF SE,
Webasto SE, Lear Corporation, Mitsubishi Chemical
Corporation, Engel Austria GmbH, Trinseo S.A. and
AkzoNobel CV.
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