Press release
Automotive Plastics Market 2020 Will Grow at Huge CAGR of 11.2% by 2027 With Global Players - Magna International Inc., Lear Corporation, Adient plc
Automotive Plastics
Global automotive plastics market is expected to register a healthy CAGR of 11.2% in the forecast period of 2020-2027. This report contains the data of base year 2019 and historic year of 2018. This rise in market value can be attributed to the technological advancements in the electric vehicles.
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. The commonly used materials include polypropylene and polyethylene.
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
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The Automotive Plastics Market competitive landscape provides details by competitor. Details included are organization overview, company financials, revenue generated, Industry potential, investment in research and development, new Automotive Plastics Market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Automotive Plastics Market.
Major Market Manufacturers Covered In The Automotive Plastics Market Are:
Few of the major competitors currently working in global 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, among others
Key Developments in the Market:
• In January 2019, Revere Plastics Systems LLC announced to acquire certain assets and operations of Sur-Flo Plastics & Engineering Inc. The acquisition will help the company to increase its manufacturing footprint to five locations, and will also help the company to become leader in the plastic injection molding industry
• In June 2018, Viking Plastics acquired Genesis Plastics and Engineering, LLC, a manufacturer of plastic interior parts of automobiles. The acquisition of new facility helped the company to expand its customer base and manufacturing capability of new tools in the market
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Key Benefits for Automotive Plastics Market:
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• Basic Industry Overview and Global Market Development Policies and Plans
• Key Market players Profiling and the competitive outlook of the industry.
• Detailed Understanding and evaluation of the Present and Future Trends.
• Extensive analysis of the Market is conducted by following key product positioning and monitoring of the top manufacturers within the Market
Global Automotive Plastics Market Scope and Market Size
By Product Type
• Polypropylene
• Polyurethane
• Polyvinyl Chloride
• Acrylonitrile-Butadiene-Styrene (ABS)
• Polyamide
• High-Density Polyethylene (HDPE)
• Polycarbonate
• Polybutylene Terephthalate (PBT)
• Others
By Application
• Powertrain
• Electrical Components
• Interior Furnishings
• Under-The-Hood Components
• Chassis
• Others
Based on regions, the Automotive Plastics Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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The report covers major aspects:
• Various economic factors that are significant in determining the Automotive Plastics Market trend, buying decisions and Market attractiveness are being analyzed for Market estimation and forecasting.
• The analysis will support stakeholders such as manufacturers and distributors in identifying and capturing Markets with high potential.
• The study also discusses various environmental and regulatory factors critical for the Automotive Plastics Market growth.
Strategic Points Covered in Table of Content of Global Automotive Plastics Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Automotive Plastics Market
Chapter 2: Exclusive Summary – the basic information of Automotive Plastics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Analytical Standards
Chapter 4: Presenting Automotive Plastics Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of Automotive Plastics Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Customization of the Report:
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