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Showing posts with the label Automotive Plastic Compounding Market Trend

Turkey Automotive Plastic Compounding Market Segmentation and Major key Players Analysis 2025

Growing environmental concerns & stringent pollution control norms have compelled automotive OEMs to control emissions by utilizing innovative lightweight materials. Turkey Automotive Plastic Compounding Market is expected to reach USD 390.8 million by 2025, according to a new report by Grand View Research, Inc. The country’s automotive production increased from 1.17 million units to 1.35 million units between 2014-15, thereby generating significant demand for compounds. Numerous companies and compounders across Europe have expanded their production capacities recently in order to meet burgeoning demand from automotive and other consumers. Exclusive partnerships between OEMs and compounders is crucial for the industry to evolve in terms of supply chain efficiencies. Automakers are also attempting to accommodate increasing geriatric driver population by including safety features in reduced package space, and enhancing safety belt designs using plastics. Polyamide (PA) compo