Skip to main content

Automotive Plastics Market - Key Players, Growth Rate and Forecasts to 2025

The shift in trend towards high performance plastics to substitute conventional metals & rubber is expected to drive demand. The Global Automotive Plastics Market is expected to reach USD 68.5 billion by 2025, according to a new report by Grand View Research, Inc.


The quality of plastics is highly dependent upon their properties, functions and applications. Superior properties such as light weight, versatility and flexibility has fostered technological innovations and design freedom using plastic materials. Streamlined mass production has enabled provision of technologically sound and cost-efficient products with high sustainability.

Utilization of polymer matrix and carbon fiber composites are expected to enable car body-weight reductions of 25% to 75%. They contribute to lower vehicle weight, essential for emission reduction and fuel conservation while supporting the additional weight of advanced safety equipment.

Stringent regulations such as the Corporate Average Fuel Economy (CAFE) in North America have compelled automobile OEMs to seek alternative methods of vehicular weight reduction in order to improve efficiency. Light weight is likely to remain a crucial factor for complying with such regulations, owing to the inherent correlation between mass and fuel consumption.

To Know More About Automotive Plastics Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/automotive-plastics-market

Polycarbonate (PC) is expected to emerge as the fastest-growing product with an estimated CAGR of around 9.7% from 2017 to 2025. Polycarbonate offers excellent properties include weathering, optical, thermal and electrical. It also provides a unique combination of stiffness, toughness, and hardness.

Top Players of Automotive Plastics Market:

Major participants include AkzoNobel N.V, BASF SE, Covestro, Evonik Industries AG, Johnson Controls, Magna International, Momentive Performance Materials Inc., SABIC, The Dow Chemical Company, Borealis AG, Hanwha Azdel Inc., Grupo Antolin, Lear Corp., Owens Corning, Quadrant AG, Royal DSM N.V, and Teijin Ltd among others.

Market Segmentation of Automotive Plastics Market:

The Global Automotive Plastics Market segmented on the basis of Product, Application, and Region.

By Product:

    Acrylonitrile butadiene styrene (ABS)
    Polypropylene (PP)
    Polyurethane (PU)
    Polyvinyl Chloride (PVC)
    Polyethylene (PE)
    Polycarbonate (PC)
    Polymethyl methacrylate (PMMA)
    Polyamide (PA)

By Application:

    Powertrains
    Electrical Components
    Interior Furnishings
    Exterior Furnishings
    Under the Hood Components
    Chassis

Inquire about Automotive Plastics Market with Our Experts @ https://www.grandviewresearch.com/inquiry/494
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Electronic Adhesives Industry: Global Survey, Trend Overview and 2022 Forecast

Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. The Global Electronic Adhesives Market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc.   Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Electrically conductive adhesives emerged as the largest product segm...
Post a Comment
Read more

Colored Polyurethane (PU) Foams Market Outlook and Global Foresight to 2022

The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. The Global Colored Polyurethane (PU) Foams Market is expected to reach USD 20.33 billion by 2022, according to a new report by Grand View Research, Inc. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability. Flexible colored PU foams were the leading product segment and accounted for over 55% of total market volume in 2014. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness the highest growth of 5.2% from 2015 to 2022. Growing demand for insulation products acros...
Post a Comment
Read more