Automotive Plastics Market to See Wonderful Rise during 2021-2026 with High CAGR Growth

Automotive Plastics Market

Automotive plastics play a vital role in the automotive sector, particularly in the manufacturing of technologically advanced and cost-efficient products with high safety and performance for modern cars, minivans, SUVs, and MUVs. The growing preference for high-performance plastics over conventional metals and rubber is projected to propel the market growth. The superior properties of plastics, such as flexibility and versatility, drive innovation in terms of technology and design. Around 13 types of high-performance plastics are used in automotive hardware, wherein three types of plastics make up approximately 66% of the total high-performance plastics used in a car: polypropylene (32%), PVC (16%), and polyurethane (17%). Around 50% of all interior components of an automobile – including safety subsystem and door and seat assemblies – are made up of plastics.

The Major Players Covered in this Report:
Magna International, Inc., Momentive Performance Materials, Inc., Covestro AG, Owens Corning; Quadrant AG; Royal DSM N.V., SABIC, The Dow Chemical Company; AkzoNobel N.V., BASF SE, Johnson Controls International PLC, Borealis AG, Hanwha Azdel, Inc., Grupo Antolin, Lear Corp., Teijin Ltd. 

In 2020, the global Automotive Plastics market size was million US$ and it is expected to reach a million US$ by the end of 2029, with a CAGR between 2021 and 2029.

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By Product Type, Polypropylene, Polyurethane, Polyvinyl chloride, Acrylonitrile Butadiene Styrene, Others
By Application, Interior, Exterior, Under Bonnet

Each part of the report contains important information about the global Automotive Plastics market that can be used to drive strong growth in the coming years. A unique combination of primary and secondary research has enabled him to uncover hidden business opportunities in the global Automotive Plastics market, gather meaningful insights from market participants, and obtain accurate market data. It covers a wide range of studies including production cost analysis, absolute dollar dividends, price analysis, business profiles, production and consumption analysis, and market dynamics.

Regional Analysis For Automotive Plastics Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Automotive Plastics are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2029

The study objectives of this report are:

To study and forecast the market size of the Automotive Plastics in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

For More Details On this Report:
https://straitsresearch.com/report/Automotive-Plastics-market

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