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Automotive Plastic Compounding Market Size By Type, Application, Region and Key Companies - Global Industry Segment Outlook, Trends & Forecast 2021-2031
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According to the ODD, Automotive Distributors’ Association, the sales of passenger cars and light commercial vehicles jumped by 60% year-on-year in July 2021 owing to the support of marketing campaigns and easing of lockdown measures. However, the demand for automotive vehicles in the country is expected to drive market growth. Rising environmental awareness among the country people and strict regulations regarding pollution control have compelled the automotive component manufacturers to control spreading automotive emissions by utilizing some innovative lightweight materials.
However, Car weight reduction is one of the ultimate methods of achieving carbon emission savings as weight reduction drastically eliminates pollution and boosts fuel efficiency to a large extent. Thus, plastic compounds of various chemistries are being utilized in several ways to the automotive interior and exterior components to ensure lower carbon emission levels. A massive investment in the automotive plastic compounding market is expected to drive the market during the forecast period.
However, in this current pandemic of COVID-19, the Automotive Plastic Compounding market affected much. It changes the growth rate graph slightly in the Automotive Plastic Compounding market. But it has been expected that after the pandemic situation, the global Automotive Plastic Compounding market will reach a high position in the graph. Apart from that, the rising of the Automotive Plastic Compounding sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Browse the Full Report at https://www.sheeranalyticsandinsights.com/market-report-research/automotive-plastic-compounding-market-21
Geographically, The Automotive Plastic Compounding Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
Key players in the report include Petkim Petrokimya Holding A.Ş., Alfa Polimer İnovasyon Plastik A.Ş., Tisan Mühendislik Plastikleri San. Tic. Ltd. Şti., Elastron TPE, EPSAN, Pimar-Plastics Limited, MASKOM Plastik San. ve Tic. Ltd. Şti., ALBIS Distribution GmbH und Co. KG, Tosaf, LANXESS, PolyOne Corporation, LyondellBasell Industries Holdings B.V, EUROTEC A.S., Kingfa, and SABIC among others.
The Global Automotive Plastic Compounding Market Has Been Segmented into:
By Product Type
• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
• Polycarbonate (PC)
• Polyamide (PA)
• Thermoplastic Elastomer (TPE)
• Others
By Application Type
• Instrument Panels
• Powertrain
• Door Systems
• Interior Components
• Exterior Fascia
• Under-the-hood
• Others
By Region
• North America
o USA
o Canada
o Mexico
o Rest of North America
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Russia
o Rest of Europe
• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific
• Latin America, Middle East & Africa
o Brazil
o South Africa
o UAE
o Rest of LAMEA
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Name: Abhigyan Sengupta
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Sheer Analytics and Insights as firm is created to balance between client requirements without compromising the core values of Market research in –terms of quality, factual correctness, market awareness and analysis. SAI goes back to the root of Market Research in terms of TAM (Total Available Market) and PAM (Potential Available Market) and assess the same quantifying all Push and Pull factors.
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