Automotive Plastics Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-28

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Global Automotive Plastics Market Research and
Forecast Report 2023-2028




Author Elena Anderson, Marketing Manager
IMARC Group
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
2019 IMARC All Rights Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Automotive Plastics Market Research
Report The latest report by IMARC, titled
Automotive Plastics Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028 finds that the global
automotive plastics market size reached US 40.6
Billion in 2022. Automotive plastics are
specialty materials designed to improve vehicle
performance, safety, structure, aesthetics, and
functionality. Some commonly used automotive
plastics include polyurethane (PU), polyvinyl
chloride (PVC), polypropylene (PP), acrylonitrile
butadiene styrene (ABS), nylon, polyethylene
(PE), polyoxymethylene (POM), and polycarbonate
(PC). They help enhance design flexibility,
extend the life of automobiles, lower
manufacturing costs, and facilitate the
integration of components. They also assist in
reducing the weight of vehicles by replacing
heavy materials, such as metal and glass, to
improve fuel efficiency and save energy. As a
result, automotive plastics are widely employed
in manufacturing dashboards, fuel tanks, carpet
fibers, wheel covers, suspension bushings,
headlamp lenses, truck bed liners, mud flaps,
bumpers, and gears. Request Free Sample Report
https//www.imarcgroup.com/automotive-plastics-mar
ket/requestsample
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Report Description and Highlights
Report Description

Global Automotive Plastics Market Trends The
surging sales of luxury and premium cars due to
inflating consumer expenditure capacities,
elevating living standards, and rapid
urbanization represents the primary factor
driving the market growth. Besides this, the
growing adoption of electric and hybrid vehicles
(EVs/HVs) owing to the rising environmental
concerns has augmented the demand for automotive
plastics. In addition, governments of various
countries are implementing stringent fuel economy
and emission regulations for vehicles, which have
compelled automakers to adopt lightweight
materials, such as plastics, for weight
reduction. Along with this, the shifting consumer
inclination toward the lightweight,
fuel-efficient, and affordable automobiles has
accelerated the adoption of automotive plastics.
Furthermore, several key players are investing in
research and development (RD) activities to
formulate new, advanced, high-performance
plastics for the expanding automotive industry.
In line with this, the increasing adoption of
recycled plastics for manufacturing seat
cushions, replacement bumpers, splash guards, and
wheel liners has catalyzed market growth. Apart
from this, the surging use of bio-based plastics
and polymers instead of fossil-based plastics to
reduce carbon footprint and promote
sustainability is contributing to market growth.
Other factors, including the rising usage of
nylon to fabricate seat belts and airbags owing
to its tear-resistant properties, rapid expansion
in the plastics industry, and technological
advancements, are also providing a positive
thrust to the market growth. Looking forward,
IMARC Group expects the market value to reach US
53.9 Billion by 2028, growing at a CAGR of 4.5
during 2023-2028. Looking forward, the market
value is projected to reach a strong growth
during the forecast period (2023-2028).
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Report Description and Highlights
Report Description
Market Summary Breakup by Vehicle Type
Conventional and Traditional Vehicles
Electric Vehicles Breakup by Material
Polyethylene (PE) Polypropylen
e (PP) Polyvinyl Chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Polyurethane (PU) Polymethyl M
ethacrylate (PMMA) Polycarbonate (PC)
Polyamide Others Breakup by App
lication Powertrain Electrica
l Components

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Report Description and Highlights
Report Description
Interior Furnishings Exterior
Furnishings Under the Hood Cha
ssis Breakup by Region North America
United States C
anada Asia-Pacific Chi
na Japan India
South Korea
Australia Indonesia
Others Europe Ge
rmany France

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Report Description and Highlights
Report Description
United Kingdom
Italy Spain
Russia Others
Latin America Brazil
Mexico Others
Middle East and Africa

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Report Description and Highlights
Report Description

• Competitive Landscape with Key Players
• Asahi Kasei Corporation BASF SE Borealis AG Covest
  ro AG Dow Inc. Koninklijke DSM N.V. Lanxess AG Lea
  r Corporation LyondellBasell Industries N.V. Saudi
  Basic Industries Corporation Solvay S.A Teijin Li
  mited
• View Full Report with TOC List of Figure
  https//www.imarcgroup.com/automotive-plastics-mar
  ket

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

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