Press release
Automotive Plastic Market Expected to Reach US$ 59.07 Bn by 2025 | BWC Research
According to a new market report published by BlueWeave Consulting, the global automotive plastic market was valued at US$ 23.62Bn in 2017 and is expected to expand at a CAGR of 12.72% from 2018 to 2025, reaching US$59.1Bn by the end of the forecast period.Rising trend of installing infotainment (entertainment) system, touch screen dashboard navigation system and satellite radio, help drivers stay connected and entertain on the road. Shifting consumer focus from car’s performance to convenient infotainment systems with the latest tech features are accelerating automotive plastic demand. The automotive plastic market looks promising with opportunities in electric vehicles, lightweight commercial vehicles, and passenger cars. The automotive manufacturers are considering lighter, less expensive automotive parts, also installing new electronics in vehicles driving numerous innovations in the industry
Download PDF Sample of this Research Report@ https://www.blueweaveconsulting.com/automotive-plastic?utm_source=Abhi#ReportSample/
Increasing demand for light weighted vehicles to gain higher fuel efficiency is driving the global automotive plastic market
Automotive plastics are being used in exceptionally advanced ways to make cars safer and highly fuel efficient. They are at the heart of solutions which make vehicles more lightweight and help in the reduction of carbon emissions. In addition, it also provides safety benefits to vehicles by offering airbags and seat belts. Automotive plastics help to facilitate innovative design and contouring. Rising car makers demand to meet sustainability goals using recycled materials with a motive to limit environmental pollution has increased automotive plastic application in several number of car parts.
The Polypropylene was the largest segment in the global automotive plastic market in 2017, and is estimated to witness the highest growth during 2018-2025. On the application basis, the market is segmented into Power Trains, Electrical Components, Interior & Exterior Furnishing, Fuel System, Chassis and Engine Components. The Interior & Exterior
Furnishing accounted for the largest segment in the global automotive plastic market in 2017 with a growing CAGR of over 13.38%
On the basis of region, the market is segmented into five parts namely North America, Europe, Asia Pacific, LATAM and MEA.
The Asia Pacific was the largest region in the global automotive plastic market in 2017 with 48.73% and it is estimated to record a CAGR of 14.23% during 2018-2025.
Competitive Dynamics
Companies, such as BASF SE, Evonik Industries AG, LG CHEM., SABIC., Exxon Mobil Corporation and DowDupont are the key players in automotive plastics which are essential for global automotive market. In terms of product offerings, SABIC and BASF SE are the major players in the market, providing automotive plastics for various purposes.
Market Segmentation: Global Automotive Plastic Market
By Product
• Acrylonitrile Butadiene Stylene
• Polypropylene
• Polyurethane
• Polyvinyl Chloride
• Polyethylene
• Polycarbonate
• Polymethyl methacrylate
• Polyamide
• Others
By Application
• Power Trains
• Electrical Components
• Interior & Exterior Furnishing
• Fuel System
• Chassis
• Engine Components
By Region
• North America
• Europe
• Asia Pacific
• Rest of the World
Request for Scope of the Report@
https://www.blueweaveconsulting.com/automotive-plastic?utm_source=Abhi#TOC/
Contact Us:
info@blueweaveconsulting.com
https://www.blueweaveconsulting.com
Global Contact: +1 866 658 6826
About BlueWeave Consulting & Research Pvt Ltd. (BWC)
BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.
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 Plastic Market Expected to Reach US$ 59.07 Bn by 2025 | BWC Research here
News-ID: 1807114 • Views: …
More Releases from BlueWeave Consulting & Research Pvt Ltd.
United States Enhanced Water Market Size, Share Growth is Projected to Growing a …
The United States enhanced water market is growing at high rate because of the rising health awareness and the need for additional nutritional supplements in the body due to a busy lifestyle....
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the US enhanced water market was worth USD 2,131.0 million in the year 2020. The data yielded by the study reveals that the…
Global Electronic Bill Presentment and Payment (EBPP) Market Size & Share is Gro …
Electronic bill presentment and payment (EBPP) market is being driven by factors such as globalization, businesses expanding overseas, and consumers increasingly using plastic money. Market growth is also driven by the use of high-speed internet access on smart phones...
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global electronic bill presentment and payment (EBPP) market was worth 18.5 number of bills in…
Global Fatty Alcohol Market Size & Share is Predicted to Garner USD 8.4 Billion …
The global fatty alcohol market is growing at a high CAGR because of the increasing demand for bio-based renewable products to promote sustainability and control dependence on non-renewable products such as petrochemicals...
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fatty alcohol market was worth USD 5.5 billion in the year 2020. The market is estimated to grow at a CAGR…
Global Medical Goggle Market Size, Share & Growth is Projected to Grow at a CAGR …
The global medical goggle market is growing at a high CAGR because of the increasing demand for surgical procedures and prevalence of infectious diseases and stringent regulations regarding the safety of healthcare workers...
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global medical goggle market was worth USD 443.4 million in the year 2020. The data generated by the study reveals that…
More Releases for Components
Train And Components Market Report 2024 - Train And Components Market Growth And …
"The Business Research Company recently released a comprehensive report on the Global Train And Components Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive…
PC Components Market High-Performance Components for Personal Computers and IT S …
Global PC Components Market Overview:
The PC Components market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the PC Components market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and globalization. This growth has created both…
Rubber Molding for Automotive Components and Sub-Components Market 2022 | Detail …
Global Rubber Molding for Automotive Components and Sub-Components Market 2022-2028, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @…
Rubber Molding For Automotive Components and Sub Components Market Is Thriving W …
Rubber Molding for Automotive Components & Sub-Components Market: Introduction
The process of rubber molding involves shaping rubber material into functional products in the automotive ancillary components industry. Products that are made through rubber molding are enclosed in a mold cavity instead of a die which can be made into complex as well as required shapes.
Some of the areas where rubber molded components are used in automotive are brakes, transmissions, steering, engines,…
Active Electronic Components Market - Increased The Need For Energy Efficient Ac …
According to a new market report published by Transparency Market Research “Active Electronic Components Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, the active electronic components market was worth US$ 182.9 Bn in 2014 and is expected to reach US$ 376.9 Bn by 2023, growing at a CAGR of 8.4% from 2015 to 2023. North America was the largest market for active electronic components…
Active Electronic Components Market - Miniaturized Electronic Components Are Als …
Electronic components can be broadly categorized into electromechanical components, active electronic components, and passive electronic components. The active electronic components refer to display device, semiconductor devices, and others. Various semiconductor devices include transistors, integrated circuits diodes, and optoelectronic components. In 2014, semiconductor devices held approximately 50% of the global active electronic components market. Reduction in component size and reliability boosted the growth of the market. This has propelled the usage…