Press release
Automotive Plastics Market 2021 Competitive Insights and Precise Outlook - DuPont, LANXESS, Asahi Kasei Advance Corporation, BASF SE, Covestro AG
The Automotive Plastics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The automotive plastics market is expected to register a CAGR of over 10% during the forecast period.
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Top Leading Companies of Automotive Plastics Market are DuPont, LANXESS, Asahi Kasei Advance Corporation, BASF SE, Covestro AG, DSM N.V., Celanese Corporation, and Borealis AG and others.
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 turbo chargers, is making it possible for small engines to meet high-profile performance requirements.
Regional Outlook of Automotive Plastics Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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https://www.marketinsightsreports.com/reports/10192352598/automotive-plastics-market-growth-trends-and-forecast-2020-2025?Mode=A1
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Automotive Plastics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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