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BASF, Delphi, Evonik, SABIC Profiled in Automotive Plastics Market Report 2018-2024 publish by GMI

Automotive Plastics Market

Automotive Plastics Market

According to a new research report by Global Market Insights, Inc. Automotive Plastics Market is set to surpass USD 50 billion by 2024.

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.

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North America automotive plastics market size, with steady gains in the U.S. and Canada is poised to exceed USD 5 billion up to 2024 owing to rise in consumer preferences for lightweight and fuel-efficient vehicles. Rising OEM manufacturers demand towards reducing vehicle weight and providing cost effective solutions may have a positive influence on the regional growth. Stringent government standards and rules by CAFÉ regarding CO2 emission and fuel economy has resulted in OEMs to search for other methods to reduce vehicular weight to improve fuel efficiency.

Germany automotive plastics market demand is likely to register gains close to 8.5% during the forecast timeframe. Growth in automobile industry and presence of major industry giants along with high innovations and strategies will enhance product demand in the region. Increasing pressure on automobile manufacturers to reduce GHG emission to comply with EU standards coupled with high investments in research will drive regional 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.

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.

Report Content

Chapter 1 Methodology & Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry insights and validation

1.1.4 Definition and forecast parameters

1.2 Appendix

1.3 Data Sources

1.3.1 Primary

1.3.2 Secondary

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

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

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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