Automotive Plastics Market 2020: Pre & Post COVID-19 Analysis | Asahi Kasei Advance Corporation, BASF SE, Borealis AG

This report on the global Automotive Plastics Market Research Report 2020 is detailed research that helps answer business questions related to competitive intelligence, market analysis, and market trends. It also highlights each of the prominent factors responsible for the growth of the market are; demographics, increasing purchasing power, increasing demand, regulatory policies, product standards, and manufacturing standards.

The automotive plastics market is expected to register a CAGR of over 10% during the forecast period.

Companies Covered (Revenue, Gross Margin, and Market Share)-

Asahi Kasei Advance Corporation, BASF SE, Borealis AG, Braskem, Celanese Corporation, Covestro AG, Daicel Polymer Ltd, DuPont, Evonik Industries AG, Exxon Mobil Corporation, LANXESS, and Others.....

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The leading players of the Automotive Plastics industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among Automotive Plastics players will help the industry aspirants in planning their strategies.

Market Overview

- The increasing demand for lightweight and electric vehicles is expected to drive the demand for the market during the forecast period.
- Challenges in battery and their peripherals units are likely to hinder the market's growth.
- Technological development in electric vehicles is projected to act as an opportunity for the market in the future.

Key Market Trends

Under Bonnet Application to Dominate the Market

- Plastic can act as an electric conductor as well as an insulator (mainly insulator). So it plays an important role in various under bonnet applications concerning propulsion, alternative drive systems, and batteries.
- Plastics not only make electric and hybrid automotive batteries more affordable but also aid in value addition by replacing heavy electric cells with compensatory light-weighting.
- The plastic sensors, harnesses, connectors, seals, fuses, and capacitors that are used in under-the-hood applications in hybrid or electric vehicles help to consolidate parts, resist corrosion, and reduce noise.
- Hybridization (the use of combined gas and electric propulsion system) has already increased the demand for efficiency, battery longevity, weight, and space savings, as well as safety standards in the automotive sector.
- EV manufactures know that consumers demand driving ranges which are similar to driving ranges of gasoline vehicles. Plastic innovations are already assisting the manufacturers with this demand. Lithium-ion battery packs, Ni-MH battery packs, and snap-fit li-ion battery cell packs are all being made possible with plastics.
- Improving the heat and chemical resistance of plastics in contact with some of the most demanding under bonnet applications, such as turbochargers, is making it possible for small engines to meet high-profile performance requirements.
- DuPont has closely worked with Ford on the EcoBoost project, in order to develop key parts of a turbo system and an injection-molded resonator within the blow-molded ducts that eliminate.

Germany Country to Dominate the European Region

- The German economy is the largest in Europe and the fifth-largest in the world. The country has set itself the goal of becoming the lead market and provider for electric mobility by 2020, as a part of its long-term zero-emission mobility vision. The passing of the new Electromobility law in 2014, which is beneficial to electric vehicle owners, is providing further impetus to the country's electric mobility revolution. By implementing appropriate policy measures and R&D funding to emerging innovations, the German federal government is ensuring that the country will play a decisive role in electric mobility.
- The government of the country has promised to introduce 1 million electric vehicles on the road by 2020 as a part of its National Electromobility Development Plan. Three general vehicle categories have been defined to meet this objective. These consist of the all-electric urban vehicle, family vehicle, and light commercial vehicle with electric range for urban traffic.
- In addition, the country has also set itself a battery density by volume level of 280 to 300 Wh/l by 2025, as part of the technological development of third and fourth generation batteries.
- Germany has promised to achieve a 40% reduction in the 1990 carbon dioxide emission level by 2020. There still exist around 880 vehicle models in the country with an emission level of just 130 gm/Km of carbon dioxide. More than 500 models have managed to stay below the 120 gm/Km range.
- According to the National Electric Mobility Platform (NPE), Germany's 2020 vision relies greatly on cross-sectoral industry approach that transcends traditional industry boundaries, in order to achieve the sustainable and systematic electromobility solutions that are required to meet the country's ambitious target.

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Table of Contents:

1 Report Overview

2 Executive Summaries

3 Key Players

4 Breakdown Data by Type and Application

5 North America

6 Europe

7 China

8 Japan

9 International Players Profiles

10 Market Dynamics

11 Key Findings in This Report

12 Appendix

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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