Automotive Plastics Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Automotive Plastics Market Research Report- Forecast to 2023 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. Automotive Plastics Market - Overview

Automotive Plastics Market Research Report- Forecast to 2023 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 Segmental Analysis

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.

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 Get Free

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