Automotive Plastics Market 2023 Share, Trend, Segmentation and Forecast to 2029
The automotive
plastics market is expected to witness market growth at a rate of 11.2% in
the forecast period of 2021 to 2028. Data
Bridge Market Research report on automotive plastics market provides analysis
and insights regarding the various factors expected to be prevalent throughout
the forecast period while providing their impacts on the market’s growth. The
increase in demand for the product for various industrial applications is
escalating the growth of automotive plastics market. The rise in trend of vehicle electrification across the globe acts
as one of the major factors driving the growth of automotive plastics market.
The surge in adoption of lightweight materials due to stringent emission by
government and other public organizations, and continuous improvements in
recycling processes accelerate the market growth. The rise in demand from
consumers for high-performance, lightweight, and fuel-efficient vehicles, and
OEMs’ inclination towards thermally stable plastics further influence the
market. Additionally, rapid industrialization, expansion of various end use
industries, research and development activities, and introduction of new safety
features and luxury components positively affect the automotive plastics
market. Furthermore, use of bioplastics in vehicle production and use
of anti-microbial plastics/additives in vehicle car production extend
profitable opportunities to the market players in the forecast period of 2021
to 2028.
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Market
Analysis and Insights
The polymeric materials refer to the materials that
possess the capability of being shaped or molded via applying high pressure and
temperature. The plastics are known to have various properties including low
density, transparency, electrical conductivity and high toughness. Various
thermoplastics and thermosets are generally molded and remolded to be used in
the automotive industry. Polypropylene and polyethylene are the commonly used
materials. This automotive plastics market report
provides details of new recent developments, trade regulations, import export
analysis, production analysis, value chain optimization, market share, impact
of domestic and localized market players, analyses opportunities in terms of
emerging revenue pockets, changes in market regulations, strategic market
growth analysis, market size, category market growths, application niches and
dominance, product approvals, product launches, geographical expansions,
technological innovations in the market. To gain more info on automotive
plastics market contact Data Bridge Market Research for an Analyst
Brief, our team will help you take an informed market decision to achieve
market growth.
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Full Report:- https://www.databridgemarketresearch.com/reports/global-automotive-plastics-market
Automotive Plastics Market Scope
The automotive plastics market is segmented on the basis of
product type, vehicle type and application. The growth amongst the different
segments helps you in attaining the knowledge related to the different growth
factors expected to be prevalent throughout the market and formulate different
strategies to help identify core application areas and the difference in your
target markets.
- On the basis of product, the automotive plastics
market is segmented into Polypropylene, Polyurethane, Polyvinyl
Chloride, Acrylonitrile-Butadiene-Styrene (ABS), Polyamide,
High-Density Polyethylene (HDPE), Polycarbonate, Polybutylene
Terephthalate (PBT) and Others.
- On the basis of product, the automotive plastics
market is segmented into conventional cars and electric cars.
- On the basis of application, the automotive plastics
market is segmented into powertrain, electrical components, interior
furnishings, under-the-hood components, chassis and others.
Competitive
Landscape and Automotive Plastics Market Share Analysis
The automotive plastics market competitive landscape
provides details by competitor. Details included are company overview, company
financials, revenue generated, market potential, investment in research and
development, new market initiatives, global presence, production sites and
facilities, production capacities, company strengths and weaknesses, product
launch, product width and breadth, application dominance. The above data points
provided are only related to the companies’ focus related to automotive
plastics market.
The major players covered in the Automotive
Plastics market report are
Magna International Inc., Lear Corporation,
Adient plc, BASF SE, Borealis AG, Covestro AG, Evonik Industries AG, SABIC,
Grupo Antolin, TOYOTA BOSHOKU CORPORATION, Faurecia, TOYODA GOSEI Co., Ltd.,
Sage Automotive Interiors, DSM, Dow, Momentive, TEIJIN LIMITED, Solvay, Akzo
Nobel N.V., and CNR Group, LLC, among other domestic and global players. Market
share data is available for global, North America, Europe, Asia-Pacific (APAC),
Middle East and Africa (MEA) and South America separately. DBMR analysts
understand competitive strengths and provide competitive analysis for each
competitor separately.
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