Press release
Automotive Plastics Industry Demand 2018: BASF SE, AkzoNobel N.V, Covestro, Johnson Controls, Evonik Industries AG, Magna International, SABIC, Momentive Performance Materials Inc., Borealis AG, The Dow Chemical Company, Hanwha Azdel Inc
Automotive Plastics Industry 2018
In 2016, Asia Pacific region was the leading Industry and reported for almost 50% of the overall industry volume. The change in production setting towards developing countries of Asia Pacific region, predominantly India, China, Thailand, Indonesia and Vietnam is anticipated to influence Industry growth positively. Intensifying production base and rising investments in sophisticated technologies for automobile production are anticipated to bring a new automobile era, which will impact the sector positively. Customers in Asia Pacific and Europe region are highly aware of fuel efficiency contrary to nations with plenty crude oil reserves, for example, China and the United States. These are the driving factors sustainable plastics demand in developing countries across the world. Europe region has followed Asia Pacific region and in 2016, reported for approximately 35% of the total Industry revenue share. Automobile manufacturers in European regional Industry are also using high-performance plastics as they assist in the weight reduction of the automobile and also they are energy efficient. European economies have to fulfill advanced emission standards due to which automotive manufacturers have to move towards electrified motors from diesel engines.
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Industry Segmentations:
Automotive Plastics Industry, By Product: Polypropylene, Polyurethanes, Polyvinyl Chloride, ABS, HDPE, Polycarbonates, PMMA, Polyamide, PET.
Automotive Plastics Industry, By Application: Interior, Exterior, Under bonnet.
Key Players :
The Key players in the global automotive plastics Industry are BASF SE, AkzoNobel N.V, Covestro, Johnson Controls, Evonik Industries AG, Magna International, SABIC, Momentive Performance Materials Inc., Borealis AG, The Dow Chemical Company, Hanwha Azdel Inc., Lear Corp., Grupo Antolin, Owens Corning, Teijin Ltd., Royal DSM N.V, and Quadrant AG. The industry has the existence of key multinational participants that are dynamically engaged in technological innovations, research and development, mergers and acquisitions and other collaborations to amend their Industry value and position. Moreover, companies like BASF and Hanwha Azdel Inc. have invested in the development of their manufacturing capabilities to improve their regional presence and portfolios.
Application Outlook and Trend Analysis:
In 2016, interior furnishings came out as the top application and reported for around 50% of the overall volume. Plastics are extensively used for automobile interiors counting seat covers, light displays & panels, fascia systems, and steering wheels. Several other interior parts like load floors, seat bases, rear package shelves, and headliners are being built completely from high-performance plastics like ABS & GMT composites, rather than traditional metal and rubber, to promote weight savings. Expansion of digitalization has nurtured the plastics demand integrated into vehicle dashboards to hold highly sophisticated electronics with innovative features & technology. High electrical insulation properties and safety concerns of plastics have fueled their demand of plastics in instrument panels carrying the advanced electronic systems.
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Reasons to buy a Exclusive report?
1) An extensive research study on the Global Automotive Plastics Industry, and its entire ecosystem, describes the Industry trends, drivers, restraints and opportunities of the Automotive Plastics Industry.
2) We provide you the longest possible Industry segmentation based on type of products, procedures and geography and describe the Industry share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, Industry strategies, and new product launches.
Major List of Figures Automotive Plastics Industry:
Figure 12.Magna International: Net Revenue Share, By Geography, 2016
Figure 10.SABIC: Net Revenues, 2014-2016 ($Million)
Figure 11.SABIC: Net Revenue Share, By Segment, 2016
Figure 12.SABIC: Net Revenue Share, By Geography, 2016
Figure 10.The Dow Chemical Company: Net Revenues, 2014-2016 ($Million)
Figure 11.The Dow Chemical Company: Net Revenue Share, By Segment, 2016
Figure 12.The Dow Chemical Company: Net Revenue Share, By Geography, 2016
Figure 10.Borealis AG: Net Revenues, 2014-2016 ($Million)
Figure 11.Borealis AG: Net Revenue Share, By Segment, 2016
Figure 12.Borealis AG: Net Revenue Share, By Geography, 2016
Continue for Figure…
Major List of Table Automotive Plastics Industry:
Table 69.AkzoNobel N.V.: Key Strategic Developments, 2015-2017
Table 70.BASF SE: Key Strategic Developments, 2015-2017
Table 71.Covestro: Key Strategic Developments, 2015-2017
Table 72.Evonik Industries AG: Key Strategic Developments, 2015-2017
Table 73.Johnson Controls: Key Strategic Developments, 2015-2017
Table 74.Magna International: Key Strategic Developments, 2015-2017
Table 75.Momentive Performance Materials Inc.: Key Strategic Developments, 2015-2017
Table 76.SABIC: Key Strategic Developments, 2015-2017
Table 77.The Dow Chemical Company: Key Strategic Developments, 2015-2017
Table 78.Borealis AG: Key Strategic Developments, 2015-2017
Continue for Tables.
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