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Automotive Plastics Market Sets the Table for Continued Growth| Top Manufacturers: Lear Corp, Adient plc, Borealis AG, TOYOTA BOSHOKU, Faurecia, Covestro AG, DSM, Dow
Automotive Plastics Market
Global Automotive Plastics Market is expected to register a healthy CAGR of 11.2% in the forecast period of 2020-2027.
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The polymeric materials that have capability of being shaped or molded by applying high pressure and temperature are used to make parts of automobiles. The plastics have properties of low electrical conductivity, low density, high toughness and transparency. Various thermoplastics and thermosets are molded and remolded to be utilized in automotive industry.
Market Drivers:
Rising automotive industry boosts the demand for plastic materials, which acts as a driver for the growth of the market
Plastics reduce the overall weight without affecting the safety or performance of the vehicle, which acts as a driver for the market
Growth of bio-based plastics products in the manufacturing of automobiles also acts as a market driver
Stringent regulations regarding price-sensitiveness and carbon emissions boosts the demand for automotive plastics, which acts as a driver in the growth of the market
Market Restraints:
Decline of automotive production in certain countries such as India, Russia, Morocco, and many others restricts the demand of automotive plastics
Less recyclability of certain types of plastic materials hampers the demand and thus affecting the growth of the market
Few plastic products are banned for usage this can be used only once, hinders the growth of the market
List of Top Manufacturers/Key-players of Automotive Plastics Market are:
Magna International Inc
Lear Corporation
Adient plc
BASF SE
Borealis AG
Covestro AG
Evonik Industries AG
SABIC, Grupo Antolin
TOYOTA BOSHOKU CORPORATION
Faurecia
TOYODA GOSEI Co., Ltd.
Sage Automotive Interiors
DSM
Dow
Momentive
TEIJIN LIMITED
Solvay
Akzo Nobel N.V
CNR Group, LLC
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This Automotive Plastics Market report makes available the company profile, product specifications, production value, contact information of manufacturer, and market shares for company. The report takes into account key market dynamics of sector. The Automotive Plastics market report is a meticulous investigation of current scenario of the global market, which covers several market dynamics. Such comprehensive market research document provides the most up-to-date market insight and analysis. This market report assists in validating the information which has been gathered from the primary sources. Thus, global Automotive Plastics market research report will surely help clients achieve their business goal.
Market Segment By Product Type
Polypropylene
Polyurethane
Polyvinyl Chloride
Acrylonitrile-Butadiene-Styrene (ABS)
Polyamide
High-Density Polyethylene (HDPE)
Polycarbonate
Polybutylene Terephthalate (PBT)
Others
Market Segment By Application
Powertrain
Electrical Components
Interior Furnishings
Under-The-Hood Components
Chassis
Others
Market Segment by Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of the Middle East and Africa
Regional analysis is another highly comprehensive part of the research and analysis study of the global Automotive Plastics market presented in the report. This section sheds light on the sales growth of different regional and country-level Automotive Plastics markets. For the historical and forecast period to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Automotive Plastics market.
The Global Automotive Plastics Market Trends, development and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
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