Press release
Shifting trends towards more fuel-efficient vehicles and increase in usage of plastic & polymer composites in lightweight vehicles may boost automotive plastics market by 2024
Request for a sample of this report @ https://www.graphicalresearch.com/request/1081/sample
According to the Graphical Research new growth forecast report titled “Asia Pacific Automotive Plastics Market analysis based on Application, Product, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024”, estimated to exceed USD 25 billion by 2024
Japan PVC based automotive plastics market demand may witness gains at over 9.5% in the predicted timeframe. These products find usage in various applications such as door panels seating, dashboard, arm rest and exterior parts. Moreover, these products act as sealant and protect underbody parts from humidity which is likely to boost industry growth.
India polycarbonates based automotive plastics market was valued at over USD 20 million in 2017. These products are commonly used in security screens, aircraft panels, bumpers, spectacle lens and headlamp lenses on account of their excellent weather and UV resistance which may stimulate market growth.
Indonesia automotive plastics market size from power train applications may show significant gains exceeding 12% in the forecast period. These products help to reduce the number of parts needed to assemble complex components and are increasingly used to manufacture seal rings, transmission oil pans, air intake manifolds, air ducts, & suction pipes.
The requirement of non-renewable raw materials such as natural gas and petroleum along with energy-intensive production techniques & the lack of product standardization may hamper Asia Pacific automotive plastics market growth.
Adient, BASF, Bayer, Borealis and Celanese are some prominent manufacturers in the competitive market of Asia Pacific automotive plastics. Companies are focusing on acquisitions to expand their product portfolio & market share market share along with indulging in production capacity expansions in order to meet rising product demand.
Segments we Cover:
APAC Automotive Plastics Market Forecast, By Product
ABS
PP
PU
PVC
PE
PC
PMMA
PA
Others
Asia Pacific Automotive Plastics Market Demand, By Application
Power Train
Electrical Components
Interior and Exterior Furnishings
Under the hood
Chassis
Others
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/industry-insights/1081/automotive-plastics-market
Related Reports:
Unsaturated Polyester Resin Market : https://www.marketwatch.com/press-release/unsaturated-polyester-resin-upr-market-capacity-and-profit-2019-2024-forecast-by-manufacturers-key-players-more-2019-09-12
Waterproofing Membrane Market : https://www.marketwatch.com/press-release/waterproofing-membrane-market-share-forecast-to-witness-considerable-growth-of-usd-105-bn-from-2019-to-2024-2019-08-26
Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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