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What's driving Automotive Plastics Market Trends? Adient, BASF, Borealis, Celanese, Delphi, DSM, Evonik, Lear Corporation, LG Chem, Owens Corning, SABIC, Solvay, The Dow Chemical Company

Automotive Plastics Market

Automotive Plastics Market

According to the latest report, Automotive Plastics Market size was estimated at USD 23.5 billion in 2016 and is projected to surpass USD 50 Billion by the year 2024.

Decresearch declares the publication of its latest research report, with the title 'Global Automotive Plastics Market'. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as well as strengths. Also, the weaknesses prevalent across the industry scenario and the restraining factors of the market are also provided.

Request for a sample of this research report @ https://www.decresearch.com/request-sample/detail/110

The increasing acceptance of plastic parts across the automotive sector is indeed one of the pivotal driving forces of automotive plastics market share. The types of automobiles notwithstanding - heavy-duty trucks, electric vehicles, or sports cars, it is now rather evident that the sole aim of automakers is to reduce vehicle weight to combat the issues related to emission targets and fuel economy.

Novares Group is one of the many companies that has been rather proactive in this regard, and in the process has conveniently contributed to augmenting automotive plastics industry trends.

Top Key Players :

1. Adient plc.
2. BASF S.E.
3. Bayer MaterialScience LLC (Covestro AG)
4. Borealis AG
5. Celanese SO.F.TER. Spa
6. Delphi Automotive PLC
7. DSM
8. Evonik Industries
9. Grupo Antolin
10. Hanwha Azdel Inc.
11. Lear Corporation
12. LG Chem
13. Owens Corning
14. WOT Analysis
15. Quadrant AG
16. RTP Co.
17. S&E Specialty Polymers
18. SABIC
19. Solvay SA
20. Strategic Landscape
21. SRF Ltd.
22. Teijin Ltd.
23. Toyoda Gosei
24. The Dow Chemical Company

Make an inquiry for purchasing this report @ https://www.decresearch.com/inquiry-before-buying/110

In what may seem to be another pivotal instance augmenting automotive plastics market trends, Exxon Mobil is looking forward to expanding its petrochemical production, on the grounds of which the firm plans to work on a new plastics plant on the Gulf Coast. Apparently, the company would be producing polypropylene at this plant, the operations of which are scheduled to commence by 2021. The advanced material produced at this plant is expected to be used across the packaging, aerospace, and automotive sectors.

Exxon Mobil's initiative also comes along the heels of the fact that lightweight plastics are significantly replacing steel components in automotive applications, that would boost the demand for polypropylene based parts. The main objective behind using such plastic materials in automotive applications is to maintain fuel efficiency and weight of the vehicles. As the company makes way for more polypropylene production, it is likely to encourage other players to follow suit, further augmenting automotive plastics market trends in the years to come.

Contact Us:
DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: info@decresearch.com

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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