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Polypropylene Automotive Additives Market to Expand at a Healthy CAGR of 5.5% through 2031
Automotive Additives Market
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Key Highlights from the Polypropylene Automotive Additives Report :
• Elaborated scenario of the parent market
• Transformations in the Polypropylene Automotive Additives market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast of Polypropylene Automotive Additives market size based on value and volume
• Latest industry developments and Market trends of Polypropylene Automotive Additives
• competitive analysis of Polypropylene Automotive Additives Market
• Strategies adopted by the Polypropylene Automotive Additives market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on market size of Polypropylene Automotive Additives
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Some of the Polypropylene Automotive Additives Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
• Details regarding latest innovations and development in Polypropylene Automotive Additives and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of Polypropylene Automotive Additives Market .
• Insights about adoption of new technologies and its influence on the Polypropylene Automotive Additives market Size.
• Overview of the impact of COVID-19 on Polypropylene Automotive Additives Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of Polypropylene Automotive Additives Market during the forecast period.
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Market Taxonomy
Plastic Additives
Plasticizers
Anti-Scratch
Stabilizers
Antioxidants
Others
Plastic
Polypropylene (PP)
Polyurethane (PUR)
Poly-Vinyl Chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Application
Exterior
Interior
Under the Hood
Electronics & Electrical
6 Forecast Highlights on Global Automotive Additives Market
North America is expected to dominate the global automotive additives market. Towards the end of 2022, North America automotive additives market is projected to exceed US$ 2,000 million revenue. Presence of the major market players and the increasing vehicle production are some of the factors fueling the growth of North America automotive additives market.
Europe is expected to be the second most lucrative market in the global automotive additives market. Europe automotive additives market is expected to witness steady growth during the forecast period.
Plasticizers are expected to be the most lucrative plastic additives. Plasticizers are projected to exceed US$ 2,400 million revenue by the end of 2022. Meanwhile, anti-scratch plastic additives are also expected to witness steady growth during the forecast period.
Polypropylene (PP) is expected to be one of the most preferred plastics in the automotive additives market. Accounting nearly two-fifth of the revenue share by the end of 2017, polypropylene is projected to create an incremental opportunity of over US$ 700 million between 2017 and 2022.
Interior automotive additives are expected to account for maximum revenue share. Interior automotive additives are projected to exceed US$ 2,600 million revenue by the end of 2022. Although Exterior automotive additives will also witness steady growth in the coming years.
Compact passenger cars are expected to be the largest users of the automotive additives. Compact passenger cars are projected to account for nearly one-third of the revenue share by the end of 2017.
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Automotive Additives Market
Increasing number of automotive manufacturers are using plastics in the car. This trend of using plastic is also increasing as it helps in reducing the weight of the car. Hence, automotive addictive manufacturers are producing anti-scratch additives that can be used for interior and exterior applications. Manufacturers are also significantly investing in order to increase the speed and reduce production time involved in additive manufacturing.
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