Automotive Plastics Market expected to reach USD 75,704.4 million in 2026
2
The global automotive plastics market was valued at USD 31,692.1 million in 2018 and is expected to reach USD 75,704.4 million in 2026, growing at a CAGR of 11.5% from 2019 to 2026. Automotive plastics are mainly used for performance and safety advancement in luxury vehicles, SUVs, passenger cars, Minivan, and commercial. Automotive plastics have several properties including reliable, durable, strong, recyclable, scratch resistance, resistance to abrasion, improve vibration and noise control and allows molding, design, and integration of components in automobiles. Rising demand of safety features and luxury components in vehicles and increased demand for materials offering significant emission reduction are expected to drive the growth of the automotive plastics market in upcoming years. Get a Sample Copy of Report @ https://www.alltheresearch.com/sample-request/158 Growing demand for overall weight reduction in vehicles, increase in demand for fuel-efficient vehicles, and increase in application areas of automotive plastics are the main drivers for the market growth of the global automotive plastics market during the forecast period. Moreover, the automotive plastics are used in various automotive components and parts due to its easy formability, heat resistant capability, easy manufacturing, impact strength, and improved aesthetics are expected to enhance the market size during the forecast period. Increase in demand for development of thermoforming plastics, biodegradable plastics, polymethyl methacrylate (PMMA), and rise in demand for light material with perfect heat resistance and mechanical properties is expected to develop new & advanced plastic materials. This also expected to open investment opportunities in the global market for the manufacturers during the forecast period. However, volatile prices of raw materials and growing investment in plastics-alternative material research (such as carbon fibers) are expected to hamper the growth of the global automotive plastics market during the forecast period. Moreover, high capital cost and cost of plastic materials is the prime challenge in the global automotive plastics market during the forecast period. Key Findings: Based on product type, the Polypropylene segment is expected to dominate the market with nearly 31% share in the global automotive plastics market in 2018. Based on Application, the interior segment accounts of the largest share in the market and is expected to grow at a CAGR of around 13.5% during the forecast period. Asia-Pacific accounted for nearly 40% share of the global automotive plastics market in 2018. Automotive Plastics Market Segmentation By Product Type 1.Polypropylene 2. Polyurethane 3. Polyvinyl Chloride 4. Acrylonitrile-Butadiene-Styrene (ABS) 5. Polyamide 6. High-Density Polyethylene (HDPE) 7. Polycarbonate
-
Upload
billionjason80 -
Category
Business
-
view
0 -
download
0
description
The global automotive plastics market is growing at a CAGR of 11.5% from 2019 to 2026.
Transcript of Automotive Plastics Market expected to reach USD 75,704.4 million in 2026
The global automotive plastics market was valued at USD 31,692.1 million in 2018 and is expected to
reach USD 75,704.4 million in 2026, growing at a CAGR of 11.5% from 2019 to 2026. Automotive plastics
are mainly used for performance and safety advancement in luxury vehicles, SUVs, passenger cars,
Minivan, and commercial. Automotive plastics have several properties including reliable, durable,
strong, recyclable, scratch resistance, resistance to abrasion, improve vibration and noise control and
allows molding, design, and integration of components in automobiles.
Rising demand of safety features and luxury components in vehicles and increased demand for materials
offering significant emission reduction are expected to drive the growth of the automotive plastics
market in upcoming years.
Get a Sample Copy of Report @ https://www.alltheresearch.com/sample-request/158
Growing demand for overall weight reduction in vehicles, increase in demand for fuel-efficient vehicles,
and increase in application areas of automotive plastics are the main drivers for the market growth of
the global automotive plastics market during the forecast period. Moreover, the automotive plastics are
used in various automotive components and parts due to its easy formability, heat resistant capability,
easy manufacturing, impact strength, and improved aesthetics are expected to enhance the market size
during the forecast period. Increase in demand for development of thermoforming plastics,
biodegradable plastics, polymethyl methacrylate (PMMA), and rise in demand for light material with
perfect heat resistance and mechanical properties is expected to develop new & advanced plastic
materials. This also expected to open investment opportunities in the global market for the
manufacturers during the forecast period.
However, volatile prices of raw materials and growing investment in plastics-alternative material
research (such as carbon fibers) are expected to hamper the growth of the global automotive plastics
market during the forecast period. Moreover, high capital cost and cost of plastic materials is the prime
challenge in the global automotive plastics market during the forecast period.
Key Findings:
Based on product type, the Polypropylene segment is expected to dominate the market with nearly 31%
share in the global automotive plastics market in 2018.
Based on Application, the interior segment accounts of the largest share in the market and is expected
to grow at a CAGR of around 13.5% during the forecast period.
Asia-Pacific accounted for nearly 40% share of the global automotive plastics market in 2018.
Automotive Plastics Market Segmentation
By Product Type
1.Polypropylene
2. Polyurethane
3. Polyvinyl Chloride
4. Acrylonitrile-Butadiene-Styrene (ABS)
5. Polyamide
6. High-Density Polyethylene (HDPE)
7. Polycarbonate
8. Polybutylene Terephthalate (PBT)
9. Others
By Application
1. Interior
2. Exterior
3. Under-the-hood
4. Electrical components
Recent News:
- BASF SE introduced new automotive products from plastic waste.
- BASF SE has developed the world's first particle foam based on polyethersulfone.
Read More Information- https://www.alltheresearch.com/report/158/automotive-plastics-market
About Us
AllTheResearch was formed with the aim of making market research a significant tool for managing
breakthroughs in the industry. As a leading market research provider, the firm empowers its global
clients with business-critical research solutions. The outcome of our study of numerous companies that
rely on market research and consulting data for their decision-making made us realize, that it's not just
sheer data points, but the right analysis that creates a difference. While some clients were unhappy with
the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing
with the research-firm. Also, same-data-for-all-business roles were making research redundant. We
identified these gaps and built AllTheResearch to raise the standards of research support.
For All Your Research Needs, Reach Out to Us:
Contact Name: Rohan S.
Email: [email protected]
Phone: +1 (407) 768-2028
