Press release
Europe Automotive Plastics Market Top Key Players - BASF, Covestro AG, Solvay, Arkema SA, LyondellBasell Industries Holdings BV, Borealis AG, Exxon Mobil Corporation, DSM NV, Plastal, Laxness
Plastics and composites used in automobiles must meet performance standards for their intended use as well as OEM specifications (OEMs). Many vehicle manufacturers have recently moved to making bioplastics and polymers, despite the fact that polymers have been utilized both externally and internally for decades.
Alternative power trains, lightweight materials, reduced emissions, design flexibility, and intelligent transportation systems are just a few of the market's emerging advancements based on vehicle plastic reinforcement. In the automobile industry, today's economic and environmental issues place a premium on the production of fuel-efficient vehicles.
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EUROPE AUTOMOTIVE PLASTICS MARKET DYNAMICS
Automobile pollution and fuel economy regulations have been adopted in a number of nations throughout the world. These regulations have compelled vehicles to use lighter materials, such as plastics. Advanced polymer compounds increase the fuel efficiency of a vehicle while also retaining its quality and security. Because very little heaviness requires less energy to accelerate, the use of plastics reduces energy consumption in an automobile.
Greenhouse gas (GHG) mitigation measures such as valve timing alteration, turbo charging, aerodynamic design, and the installation of hybrid, plug-in hybrid, and fuel cell systems in automobiles can reduce carbon emissions in passenger vehicles. The introduction of electric cars (EVs) has ushered in a technical revolution in the automotive industry. In terms of reliability, these cars outperform their internal combustion engine counterparts.
Increased environmental protection, government protection and incentives, and OEM investments have paved the way for EVs. Lightweight materials are employed to increase the engine's pulling capability because EVs have low-power motors. As a result, the growing demand for electric vehicles (EVs) provides an opportunity for the automotive plastics industry to flourish.
EUROPE AUTOMOTIVE PLASTICS MARKET SEGMENTATION
The Europe Automotive Plastics Market can be segmented into following categories for further analysis.
Europe Automotive Plastics Market By Application
• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Europe Automotive Plastics Market By Technology of Application Type
• PP
• PU
• PVC
• PA
Europe Automotive Plastics Market By Usage Application Type
• Interior of Automotive
• Exterior of Automotive
• Under Bonnet of Automotive
• Under Body of Automotive
Europe Automotive Plastics Market By Regional Classification
• Austria
• Belgium
• Bulgaria
• Croatia
• Republic of Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
RECENT TECHNOLOGICAL TRENDS IN EUROPE AUTOMOTIVE PLASTICS MARKET
Plastics have improved the efficiency, durability, and dependability of automobiles, and they are a major contributor to light weighting, which allows for better fuel economy and lesser environmental impact.
As a result, the automotive plastics sector has grown into a significant business. Due to tight regulations, particularly in terms of fuel consumption, plastics play a significant role in the construction and design of automobiles.
EUROPE AUTOMOTIVE PLASTICS MARKET COMPETITIVE LANDSCAPE
The rising usage of polymers in car exteriors has ushered in a new era in auto body design. In addition to light lightness, plastics assist manufacturers minimize production costs, promote modular assembly methods, and improve the aerodynamic properties of automotive exteriors.
Plastics enable manufacturers in achieving Corporate Average Fuel Economy (CAFE) regulations and adapting to market dynamics and purchasing trends of environmentally conscious consumers.
EUROPE AUTOMOTIVE PLASTICS MARKET COMPANIES PROFILED
• BASF
• Covestro AG
• Solvay
• Arkema SA
• LyondellBasell Industries Holdings BV
• Borealis AG
• Exxon Mobil Corporation
• DSM NV
• Plastal
• Laxness
Read More Information: https://mobilityforesights.com/product/europe-automotive-plastics-market/
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We envision the future of mobility every single day, following mobility domains is not just our profession rather it's our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.
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