Download presentation
Presentation is loading. Please wait.
Published bySakshi Bhargava Modified over 6 years ago
1
Global Automotive Plastics Market Report 2018- 2023: Trends, Forecast and Competitive Analysis 1
2
Industry Profiles Snapshot Major ParameterDescription Market Segments by polymer polypropylene, polyurethane, polyamide, PVC, ABS, polycarbonates, polyethylene, PMMA and other plastics Market Segments by vehicle Type passenger cars, light commercial vehicles, and heavy commercial vehicles Market Segments by application interior, exterior, under the hood and electrical components Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name BASF, Lyondellbassell, Du Pont. Co, Borealis AG, Dow Chemicals, solvay, DSM, SABIC, EXXON Mobile and Arkema and others. Trend Growth Rate and CAGR2.6% Key Industry Forecast The global automotive plastics market is expected to reach an estimated $25.2 billion by 2023 and it is forecast to grow at a CAGR of 2.6% from 2018 to 2023 Key Industry Driver Driver: Increasing demand for lightweight materials for OEMs to reduce vehicle weight in response to stringent government regulations on fuel economy. Other major driver includes growth of the global vehicle production which is expected to grow at a CAGR of 2.5% during the forecast period and to reach 113 million units by 2023. 2
3
Industry Overview Market Size The global automotive plastics market is expected to reach an estimated $25.2 billion by 2023 and it is forecast to grow at a CAGR of 2.6% from 2018 to 2023. Emerging trends, which have a direct impact on the dynamics of the automotive plastics industry, include development of recycling technologies for plastics and replacement of PA 66 with cheaper and advanced PA 6. Market Size (2023)$25.2 billion CAGR (2018-23)2.6% 3 Industry Performance : Forecast
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.