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Global Automotive Plastics Market Growth Drivers, In-Depth Research, Analysis and Forecast to 2024
Automotive Plastics Market
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Automotive Plastics Market size is set to surpass USD 50 billion by 2024; according to a new research report by Global Market Insights, Inc. Rising passenger cars production along with consumer demand for fuel efficient, durable and light weight vehicles should stimulate automotive plastics industry demand.
Rapid industrialization and urbanization in India, Japan, and China will propel the demand for commercial vehicles, SUV’s, modern cars and HMV’s. Rising per capita income and improving living standards will create demand for stylish and high aesthetics cars thereby stimulating industry growth.
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PVC based automotive plastics market demand is likely to surpass USD 1.9 billion during the foreseeable timeframe. These are mainly used in underbody coatings, sealants, door panels seating, dashboard, arm rest, window sealing profiles, weather strips, and body side protection. Increasing environmental concerns regarding carbon emission coupled with rising consumer awareness regarding safety and reducing accidental injuries may act as a contributing factor for industry growth.
Some of major chapters from Table of Contents:
Chapter 2 Executive Summary
2.1 Automotive plastics industry 3600 synopsis, 2017 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
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Chapter 3 Automotive Plastics Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaboration/Partnership
3.3.2.2 Technology provider
3.3.2.3 Service Providers
3.4 Regulatory landscape
3.4.1 U.S.
3.4.2 Europe
3.4.3 China
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.1.1 North America: Increasing demand for lightweight automobiles to obtain better fuel efficiency
3.5.1.2 Improving vehicle aesthetics
3.5.1.3 Middle East: Abundant availability of raw materials
3.5.1.4 Asia Pacific: Increasing demand for passenger vehicles
3.5.1.5 Europe: Reduction in vehicles material cost
3.5.2 Industry pitfalls & challenges
3.5.2.1 Lack of standardization of plastic materials
3.5.2.2 Growing environmental concerns
3.6 Company market share analysis, 2016
3.6.1 Strategy dashboard
3.7 Growth potential analysis, 2016
3.7.1 Emerging business models
3.7.1.1 Product Launch
3.7.1.1 Acquisitions
3.7.1.1 Joint Ventures
3.8 Porter’s analysis
3.9 Raw material analysis
3.9.1 Polyurethane (PU)
3.9.2 Propylene/polypropylene
3.9.3 ABS
3.9.4 PMMA
3.10 PESTEL analysis
UK automotive plastics market demand from polypropylene (PP) may register substantial growth at about 9% during the projected period. The product has wide usage in cable insulation, petrol cans, indoor & outdoor carpets, battery box, and bumpers. PP is about 15% to 20% lighter than other materials which is beneficial in automobile weight, thereby resulting in less CO2 emission and low fuel consumption.
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India automotive plastics market size from electrical components application may expect consumption at over 380 kilo tons up to 2024 due to swift increase in passenger vehicle production and consumer willingness to spend on stylish cars. It finds wide application scope in battery, and switches owing to high strength, low friction, and natural smooth finish. Indian government encourages FDI in the automobile sector and plans to invest in eco-friendly cars in the future, thereby promoting automotive plastics market growth.
BASF, Delphi, Celanese, DSM, Evonik, SABIC, RTP, Lear Corporation, Borealis AG, Adient and Covestro are the prominent industry participants in the automotive plastics market. Companies are focusing towards investing in R&D activities to comply with government standards and enhancing their product portfolio by forming joint ventures and partnerships.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
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