openPR Logo
Press release

Automotive Plastic Components Market foreseen to grow exponentially over 2019 to 2029

08-13-2019 09:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Automotive Plastic Components Market foreseen to grow

Automotive Plastic Components Market: Introduction

Reduction in the weight of vehicle results in less consumption of fuel and improvement in vehicle ergonomics and locomotion. Economic and environmental concerns are rising the need of fuel efficient vehicles. Use of aluminum or carbon fiber is helpful, but plastic components are making a real difference in design of automotive components in the present scenario. These days, high performance plastic is used for its flexibility, minimal corrosion, safety, comfort, recyclability and substantial design freedom.

The plastic components in vehicles are used in dashboard, fuel systems, liquid reservoirs, interior lighting, door panel and consoles, upholstery and fabrics. Automotive bumpers, cable insulation, elastomeric wheels cover guards and tires, cushions, wheel covers, gears, buttons, headlamp lenses, windows, displays, screens, wiper arm are all made out of high performance plastics.

In the late 19th century, plastics were mainly used to decorate the car interiors. Afterwards thanks to their ability to withstand impacts and ageing, plastics were used in external applications as well. Now plastics are indispensable for safety purposes, advanced seat-belts and airbags are made out of high strength polymers. Thermoplastic along with weight reduction are recyclable in nature with adds advantage to the component made out of it.

Request to Sample report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=3888

Automotive Plastic Components Market: Dynamics

Increasing demand of lightweight automotive components in the automotive industry with the growing production of vehicles to achieve cost-effectiveness in manufacturing and providing vehicles at affordable rates to consumers has been a major driver of the automotive plastic components market. Emergence of lightweight electric vehicles with advanced plastic components are set to boost the automotive plastic components market.

As high performance plastic is expensive as compared to aluminum, the market growth can be restrained to an extent with the automotive OEMs vouching for steel and aluminum which are more recyclable and reusable than plastic, thus creating a demand slow down of automotive plastic components.

Automotive plastics makes up approximately 50% of volume of new light vehicle but less than 10% of its weight. Previously carbon fibers used to cost high, reduction in the cost of carbon fibers is a welcoming opportunity for the automotive plastic components markets. More manufacturers are taking advantage of this lightweight material.

Significant reduction in weight without compromising safety because of the use of new polymers is the recent trend in the automotive plastic components market. Infotainment systems in vehicles whose screens and dashboards are made out of polymer are providing the driver proper navigation coupled with entertainment.

Automotive Plastic Components Market: Segmentation

The global Automotive Plastic Components market is segmented on the basis of material type, application type and sales channel.

Request to View TOC @ https://www.factmr.com/connectus/sample?flag=T&rep_id=3888

By material type the Automotive Plastic Components Market can be segmented as:

Polypropylene (PP)
Polyurethane (PUR)
Poly-Vinyl-Chloride (PVC)
ABS
Polyamide (PA, Nylon 6/6, Nylon 6)
Polystyrene (PS)
Polyethylene (PE)
POM (polyoxymethylene)
Polycarbonate (PC)
Acrylic (PMMA)
PBT (polybutylene terephthalate)
Polyethylene Terephthalate (PET)
ASA (acrylonitrile styrene acrylate)
By application type the Automotive Plastic Components Market can be segmented as:

Powertrain
Electrical components
Interior furnishing
Exterior furnishing
Under the hood components
Chassis
By sales channel the Automotive Plastic Components Market can be segmented as:

OEM(Original Equipment Manufacturers)
Aftermarket
Automotive Plastic Components Market: Regional Outlook

Asia Pacific is leading region in the automotive industries as countries like India, China and Indonesia are expected to exhibit large growth in the automotive plastic components market. Europe being a dominant region in consumer demand for passenger vehicles, is expected to have upsurge in the automotive plastic components market. North America is anticipated to show growth in the automotive plastic components market, owing to expanding manufacturing base increased investments in modern technology in the automotive industry. Whereas Latin America is expected to have a lesser share in the automotive plastic components market. Automotive industry in Japan is one the most prominent industries hence automotive plastic components market is expected to thrive in this region. Fast growth in the automotive manufacturing in Middle East and Africa is resulting in automotive plastic components market growth.

Automotive Plastic Components Market: Key Participant

Some of the leading players in the automotive plastic components market are:

Covestro AG
Borealis AG
Magna International Inc.
RTP Company
Adient
Delphi Technologies
Celanese Corporation
BASF
SABIC
Momentive Performance Materials Inc.
Get Full Report Access @ https://www.factmr.com/report/3888/automotive-plastic-components-market

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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 Components Market foreseen to grow exponentially over 2019 to 2029 here

News-ID: 1821613 • Views: 116

More Releases from Fact.MR

07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
Hand Sanitizer Market to Surpass US$ 2.8 Bn, Instant Hand Sanitizer Poised to Ho …
The global hand sanitizer market is set to surpass a value of ~US$ 1.4 Bn in 2020 and is anticipated to cross US$ ~2.8 Bn during the forecast period 2020-2030. The demand for gel-based sanitizer is on the rise as compared to foaming or spray sanitizer. Thus, manufacturers are focusing on developing gel-based sanitizers as they are widely used in multiple end-use industries. With the increased penetration of the online
03-20-2020 | Health & Medicine
Fact.MR
Medical Marker Bands Market Grows on the back of Their Radiopacity and Cost-effe …
Radiopacity of medical marker bands is giving significant impetus to their demand in the medical marker bands market. The properties of medical marker bands that increases their visibility under fluoroscopes or x-ray during critical procedures is giving an uptick to their sales worldwide. Manufacturers of medical marker bands are also showing a marked preference for cost-effective materials such as polymer and tantalum instead of traditional gold, platinum and palladium. On

All 5 Releases


More Releases for Automotive

Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,