Press release
Global Automotive Plastic Materials Market : Emerging Trends, Region By Forecast To 2027
Global Automotive Plastic Materials MarketAutomotive plastic materials are defined as high performance plastic materials which are used in the automotive industry due to their good mechanical properties and excellent appearance.
Also, these are used in a wide range of automotive applications in manufacturing exterior & interior components such as doors, safety, doors, and windows, headlight hoods, and wheel covers. The automotive plastics make cars more energy efficient by reducing weight, along with providing, corrosion resistance, resiliency, durability, toughness, design flexibility & high performance at a low cost.
The rise in advancements in automotive industry & versatile property of plastic like resistance to abrasion, scratch resistance, thermal stability & easy moldability is the key driving factor which anticipated to boosting the global automotive plastic materials market growth over the forecast period. Also, stringent rules and regulations towards reducing vehicular emission will positively influence the market growth. Furthermore, introduction of new safety features and luxury companies expected to drive the global automotive plastic materials market growth. Moreover, the increase in investments in advanced production technologies is expected to support the global automotive plastic materials market growth during this forecast period. In addition, the growing demand for lightweight materials from electric and hybrid vehicles expected to drive the market growth.
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Market Restraints
High capital cost and non-degradable nature of automotive plastics may hamper the global automotive plastic materials market growth during this forecast timeline.
Market Key Players
Various key players are discussed in this report such as BASF SE, AkzoNobel N.V., Evonik Industries AG, Adient plc, Covestro AG, Momentive Performance Materials, Inc., SABIC, Dow Inc., Hanwha Azdel Inc., Borealis AG, etc.
Market Taxonomy
By Type
• Polyamide
• Polyethylene Terephthalate
• Polymethyl methacrylate
• Polycarbonates
• High density polyethylene
• Acrylonitrile butadiene styrene
• Polyvinyl Chloride
• Polyurethanes
• Polypropylene
By Application
• Under Bonnet
• Interior
• Exterior
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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