Automotive Plastics Market worth to Hit USD 46.09 Billion with CAGR 10.70% by 2022; Top Most Manufacturing Companies- BASF SE, AkzoNobel N.V, Covestro, Johnson Controls, Evonik Industries AG, Magna International, SABIC, Momentive Performance Materials Inc

This study provides insights about the Automotive Plastics Market in regards to its uses and benefits. We at Crystal Market Research (CMR) provide updated information that is beneficial in decision making regarding business investments.

In 2012, the Global Automotive Plastics Market was valued around USD 14.90 billion and is anticipated to reach approximately USD 46.09 billion by 2022, while maintaining a compound annual growth rate (CAGR) of 10.70% during the forecast period owing to global resurgence in the automobile segment, enhanced vehicle design and the rising significance of emission control and weight reduction are major factors fueling the growth of the global market.

Competitive Analysis:
The major players in the global automotive plastics market 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.

Book Your Sample Copy of the Report here @ https://www.crystalmarketresearch.com/report-sample/ME10273

The Global Automotive Plastics Market is segmented as follows :
By Product:
Polypropylene
Polyurethanes
Polyvinyl Chloride
ABS
HDPE
Polycarbonates
PMMA
Polyamide
PET

By Application:
Interior
Exterior
Under bonnet

Regional Insights:
North America: U.S, Canada, Mexico
Europe: Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific: Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World: Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Plastics are extensively used in automotive parts and components due to their potential sourcing from reusable raw materials, relative ease of improved design and easiness of manufacturing. PU, PC, and ABS are a few alternative materials utilized for component and part applications of the vehicle. Generally, depending on performance requirements and fuel economy standards, an average car contains around 5.8% to 10% of plastics. This proportion is anticipated to augment during the approaching years, due to the increasing demand from customers for fuel-efficient, high-performance, and lightweight vehicles. Weight decline also extends a lucrative way to trim down fuel consumption and greenhouse gases emission. The polymerization of plastic monomers using catalysts in chemical reactions to create co-polymers and polymers and are twisted into polyethylene, polypropylene, polyvinyl chloride, polystyrene, polycarbonate and other polymerized plastic monomers.

For More Discounts Offers on Report @ https://www.crystalmarketresearch.com/check-discount/ME10273

Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Automotive Plastics Market, By Product
5.Automotive Plastics Market, By Application
6.Automotive Plastics Market, By Region
7.Company Profiles
To be continued…

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.

List of Tables:
Table 1.Global Automotive Plastics Market, By Product, 2012-2022 ($Million)
Table 2.PolypropyleneMarket, By Region, 2012-2022 ($Million)
Table 4.Polyurethanes Market, By Region, 2012-2022 ($Million)
Table 5.Polyvinyl Chloride Market, By Region, 2012-2022 ($Million)
…

Rising demand from electronic appliance manufacturers and automotive OEMs for applications like seat cushioning, refrigeration insulation, and interior trims have considerably influenced the growth of the global market.

Custom Report:
The Automotive Plastics Market report based on our unique research methodology delivers thorough analytical scrutiny of the Market dispersed across several segments. The report also consists of current size and summary of the market of this industry coupled with outlook prospects. Moreover, key market manufacturers of Automotive Plastics are studied on many aspects such as company overview, product portfolio, revenue details during the forecasted year. Also, the complete potential of the market is briefed in the full report.

Asks Any Questions about Report @ https://www.crystalmarketresearch.com/send-an-enquiry/ME10273

About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

Contact Us:
Judy
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com

This release was published on openPR.