openPR Logo
Press release

Automotive Interior Plastic Components Market Participants Dipty Lal Judge Mal Pvt. Ltd, Covestro AG

Automotive Interior Plastic Components Market

Automotive Interior Plastic Components Market

Automotive Interior Plastic Components Market: Overview

Plastic is a highly suitable material for use in the automotive industry due to its beneficial properties, such as scratch resistance, high volume to weight resistance, thermal stability and impact resistance. These properties ease the operation for automotive component manufacturers by reducing the cycle time for moulding and assembly time for OEMs. Furthermore, the shifting consumer preference towards passenger cars with an attractive appearance and upgraded aerodynamic shape is pushing manufacturers to use materials, such as advanced plastic, which are easier to mould to a desired shape than other materials.

On the other hand, attributing to the growing demand for fuel efficient vehicles, component manufacturers are continuously innovating lightweight automotive components with advanced plastic material since it helps improve the functionality, appearance and safety of automobiles while delivering superior value to consumers. The use of new and upgraded automotive components, such as navigation panel and rear vehicle infotainment system, is increasing significantly in the premium and mid-range passenger car segments. These components are generally made of advanced plastic materials and the aftermarket for such augmented products is increasing in Brazil with the increasing number of vehicles in operation (personal car and in-transit/cab-services). For instance, BMW’s i3 is an innovative electric car built with a lightweight carbon fiber and advanced plastic material.

Request For Report Sample@https://www.persistencemarketresearch.com/samples/18673

Automotive Interior Plastic Components Market: Dynamics

By using plastic components, the overall kerb weight of a vehicle can be reduced as these components are lighter in weight as compared to aluminum and steel. The reduced weight of a vehicle improves its fuel efficiency, which further helps reduce CO2 emission. For instance, approximately 10% weight reduction in a vehicle results in 3–4% fuel savings. Furthermore, increasing vehicle production and high demand for lightweight automotive component by OEMs are providing better traction in the global automotive interior plastic component market across the globe. Government regulations to control vehicular emission and shifting consumer preferences are some of the factors encouraging OEMs to continue the use of advance plastic material. ‘Inovar Auto’ program by the Federal Government of Brazil is benefiting the automotive industry in the country, which is anticipated to benefit raw material industries, such as automotive plastics. Moreover, advance plastic material is highly preferred by OEMs due to its ease of operation, excellent mouldability and extended warranties as compared to other materials, such as steel and aluminum.

The high cost of advanced plastic material as comparable to aluminum may hinder the global automotive interior plastic component market during the forecast period. There is also competition from other materials, such as high strength steel and aluminum. Steel has the edge when it comes to recycling as plastics are relatively difficult to recycle. Frequent new product launches by OEMs and increasing penetration of advanced technology systems, such as navigation panel, in-vehicle infotainment systems and on-board diagnosis system, are expected to fuel growth of the global automotive interior plastic component market. Consumer preference is increasingly shifting towards new designs, such as hatchback car with spoilers. Many manufacturers, such as Toyota, General Motors, Volkswagen AG and Daimler Chrysler, have set up their R&D centers in Brazil with the growing interest of expanding their technological capabilities. New raw material plastic products are entering the market, which are green, sustainable, and easy to install and have a long life. For example: advanced plastics, such as bio-based plastic and recycled plastic. These materials are comparatively less aesthetic and are mostly used in the interiors of vehicles.

Automotive Interior Plastic Components Market: Segmentation

The global automotive interior plastic component market can be segmented on the basis of vehicle type as:

Passenger vehicle
Commercial vehicle

The global automotive interior plastic component market can be segmented on the basis of product type as:

Polypropylene (PP)
Polyurethane (PU)
Polyvinyl Chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Poly Carbonates (PC)
Others

The global automotive interior plastic component market can be segmented on the basis of sales channel as:

OEMs
Aftermarket

As of 2013, Polypropylene dominated the market with 36.6% of the total Brazil automotive plastics market, followed by Polyurethane, Poly carbonates and Acrylonitrile butadiene styrene.

Request For Report Table of Content (TOC)@https://www.persistencemarketresearch.com/toc/18673

Automotive Interior Plastic Components Market: Market Participants

Examples of some of the market participants of the automotive interior plastic component market are:

Braskem SA
Bayer Group
BASF SE
Saudi Basic Industries Corporation (SABIC)
Smiths Plastics (PTY) Ltd
Plastikon Industries, Inc.
National Plastics Group
Grupo Antolin
MVC Holdings, LLC
Barkley Plastics Ltd
Plastic Molding Technology, Inc.
Productive Plastics, Inc.
Tata Sons Ltd
Nifco Inc.
Dipty Lal Judge Mal Pvt. Ltd
Covestro AG

ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Interior Plastic Components Market Participants Dipty Lal Judge Mal Pvt. Ltd, Covestro AG here

News-ID: 1554260 • Views:

More Releases from Persistence Market Research

Smart Container Market Expected to Surpass US$ 21.5 Bn in 2032 - Persistence Market Research
Smart Container Market Expected to Surpass US$ 21.5 Bn in 2032 - Persistence Mar …
In an era where digital transformation is reshaping every industry, logistics and supply chain management are undergoing one of the most significant shifts with the rise of smart container technology. Traditional shipping containers, once considered merely passive cargo carriers, are now being enhanced with advanced technologies such as IoT (Internet of Things), GPS tracking, temperature and humidity monitoring, and blockchain integration. These innovations are not just optimizing operational efficiency but
Automatic Labeling Machine Market to Reach US$4.0 Bn by 2032 - Persistence Market Research
Automatic Labeling Machine Market to Reach US$4.0 Bn by 2032 - Persistence Marke …
The automatic labeling machine market is witnessing steady growth as industries across food & beverage, pharmaceuticals, cosmetics, consumer goods, and logistics increasingly adopt automation to improve efficiency, reduce labor costs, and ensure labeling accuracy. In recent years, pressures such as regulatory compliance (e.g. traceability and serialization in pharma), branding demands, higher SKU complexity, and growth in e-commerce have pushed manufacturers to upgrade from manual or semi-automatic labeling to fully automatic
Solar Cells & Modules Market to Reach US$ 360.8 Billion by 2033, Driven by Global Clean Energy Demand
Solar Cells & Modules Market to Reach US$ 360.8 Billion by 2033, Driven by Globa …
The solar cells & modules market is witnessing unprecedented growth as nations accelerate their transition toward clean and renewable energy. According to the latest study by Persistence Market Research, the global solar cells & modules market size is projected to expand from US$ 163.7 billion in 2023 to US$ 360.8 billion by 2033. This reflects a robust CAGR of 8.2% during the forecast period, underscoring solar technology's role as the
Power Bank Market Size to Reach US$20.6 Bn by 2032, Growing at 7.4% CAGR - Persistence Market Research
Power Bank Market Size to Reach US$20.6 Bn by 2032, Growing at 7.4% CAGR - Persi …
The global power bank market has become one of the most dynamic segments within the consumer electronics ecosystem, driven by the increasing penetration of smartphones, digital devices, and mobile lifestyles. According to the latest study by Persistence Market Research, the power bank market size is projected to be valued at US$12.4 Bn in 2025 and is expected to reach US$20.6 Bn by 2032, growing at a healthy CAGR of 7.4%

All 5 Releases


More Releases for Plastic

Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument. Festivals or pageants
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic pallets
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu …
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360° view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C …
UpMarketResearch offers a Latest report on “Plastic Granules Market Analysis & Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052 Plastic Granules research report delivers a close watch on leading competitors with strategic
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbier
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems. At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared about