Global Automotive Plastics Market Size Brief Analysis by Top Key Players - Lear Corporation, Celanese, Covestro, BASF, Evonik Industries, Delphi, Adient, SABIC, Borealis AG, and DSM
The shifting trends toward the growing adoption of lightweight vehicles for better fuel efficiency is likely to boost automotive plastics market, which will generate a revenue more than USD 50 billion by the end of 2024. Currently, in passenger and modern cars, most of the metal parts including power train, chassis, fuel systems, interior and exterior furnishings have been replaced with plastic components. The increasing plastic content in modern vehicles is slated to stimulate automotive plastics industry share over the years ahead. In addition, initiatives taken by regional governments to deploy EVs across the country to reduce dependency on non-renewable energy sources will also have a favorable impact on product demand.
Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/467597/?utm_source=openpr.com&utm_medium=Pc
In order to adhere to stringent regulatory norms, several participants in automotive plastics market have been signing joint ventures and collaborations to bring about an innovative range of products. The notable players in automotive plastics industry are Lear Corporation, Celanese, Covestro, BASF, Evonik Industries, Delphi, Adient, SABIC, Borealis AG, and DSM.
Plastic components provide many benefits such as scratch resistance, effective molding capability, abrasion resistance, and component integrity. Automakers are extensively preferring plastic components as these components help to control noise and vibration generated in the vehicle. The surging use of plastics in automobile production is certain to fuel automotive plastics market size. However, many players in automotive plastic market are looking forward to standardizing the properties of the raw material to minimize any factors that may hinder this business space. In addition, automotive plastics market giants have also invested in research and development activities to minimize sustainability issues associated with plastic components.
PVC based automotive plastic components are extensively used for manufacturing dashboards, door panels, armrests, underbody coatings, sealants, body side protections, window sealings, and weather strips. Taking into account growing use of PVC material for variety of automobile components, automotive plastics industry from PVC based products is likely to generate revenue of more than USD 1.9 billion by 2024.
Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/467597/?utm_source=openpr.com&utm_medium=Pc
Many European countries have implemented emission control norms to curb GHG, in order to increase fuel efficiency. The rise in fuel efficiency leads to a decrease in carbon dioxide emissions, pertaining to the lightweight of the vehicle. In this regard, numerous European automakers have been heavily demanding polypropylene, owing to its lesser weight density as compared to other plastic materials. Polypropylene components are 15% to 20% lighter in weight. The growing concerns about the effect of carbon emission on the environment is thus likely to stimulate Europe automotive plastics market trends over the years ahead. Germany automotive plastics industry alone will record an annual growth rate of 8.5% over 2017-2024.
More Details on this Report: https://www.marketstudyreport.com/reports/automotive-plastics-market/?utm_source=openpr.com&utm_medium=Pc
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
This release was published on openPR.
Permanent link to this press release:
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 Global Automotive Plastics Market Size Brief Analysis by Top Key Players - Lear Corporation, Celanese, Covestro, BASF, Evonik Industries, Delphi, Adient, SABIC, Borealis AG, and DSM here
News-ID: 1652642 • Views: 258
More Releases from marketstudyreport.com
Clinical Laboratory Services Market By Regional Trend & Growth Forecast 2019-202 …
Market Study Report recently introduced new title on “Global Carbon Black Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2025. The Latin America breast pump market accounted for more than 12% revenue share in 2018 and is assessed to witness a significant CAGR by 2025. This is due to the development in healthcare facilities
Sleep Apnea Devices Market - Growth, Trends, and Forecast (2019 - 2025)
Market Study Report recently introduced new title on “2019-2025 Global Sleep Apnea Devices Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2025. Technological advancements in sleep apnea devices is a major market growth augmenting factor. Hypoglossal Nerve Stimulation (HNS), is a completely novel approach for treating obstructive sleep apnea. Moreover, growing alcohol intake in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Industrial IoT (IIoT) Market trends? Rockwell Automation, ABB …
A detailed study on ‘Industrial IoT (IIoT) Market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors
More Releases for Plastic
Plastic Pails (Plastic Bucket) Market Size and Analysis by Regions
MarketResearchReports.Biz adds “Global Plastic Pails (Plastic Bucket) Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Plastic Pails (Plastic Bucket) and the growth estimates for the forecasted period. A plastic pail is a type of container made from plastic that is employed in carrying out various applications ranging from construction, housing, shipping, to food and beverages. It is also
Yazheng Plastic Netting combined type plastic netting machine
Yazheng Plastic Netting developed combined type plastic netting machine.The combined type plastic netting machine can produce plastic deer fencing, anti bird netting, erosion control netting and plastic filtration netting. The combined type plastic netting machine is 30m long, it is be composed of polypropylene grinding miller, extruding machine, high temperature machine, stretch machine, rolled machine and cut machine. The horizontal thread and vertical thread of nettings that produced by
Recycled Plastic & Plastic Waste to Oil Market Analysis : TMR
There is a growing need for recycling the plastic and plastic waste. Various major companies are now concentrating on developing new waste-conversion technologies. Some of the major corporates in the global recycled plastic and plastic waste to oil market are Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels LLC, Clean Blue Technologies Inc., JBI Inc., RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd. These
Recycled Plastic & Plastic Waste to Oil Market Forecast 2016 - 2024
The recycled plastic & plastic waste to oil market report by Transparency Market Research provides in-depth analysis of the recycled plastic & plastic waste to oil market globally. The report segments the market on the basis of plastic type, technology, end-fuel, and geography. The report analyzes the global recycled plastic & plastic waste to oil market in terms of revenue (US$ Mn) for the 2016–2024 period. For this research study,
Recycled Plastic & Plastic Waste to Oil - Technology Analysis 2024
On the basis of technology, the recycled plastic & plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerization processes. Pyrolysis process is the most widely used technology for converting plastic into oil (fuel). Pyrolysis process is expected to continue to dominate the recycled plastic & plastic waste to oil market due to its lower CAPEX requirements as compared to other technologies. Catalytic depolymerization
Recycled Plastic & Plastic Waste to Oil Technology: Analysis 2016 - 2024
Transparency Market Research has released a new market report titled “Recycled Plastic & Plastic Waste to Oil Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2016 - 2024.”The report defines and segments the recycled plastic & plastic waste to oil market, providing analysis and forecasts of the global revenue. According to the report, the global recycled plastic & plastic waste to oil market stood at US$542.8 mn