Global Automotive Plastics Market: Emerging Technologies, Top Key Players Update And Forecast 2022

Precision Business Insights published a research report on "Automotive Plastics Market: By Product Type (Acrylonitrile Butadiene Styrene (ABS), Polyethylene (High-density polyethylene (HDPE ) and Low-density polyethylene (LDPE)), Polybutylene terephthalate (PbT), Polymethyl Methacrylate (PMMA), Polyamide (PA), Polycarbonate (PC), Polypropylene (PP), Polyurethane (PU), Polyvinyl Chloride (PVC) and Others (PET, and ASA)), By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), By Application (Powertrain, Electrical Components, Interior Furnishings, Exterior Furnishings, Under The Hood Components and Chassis) - Global/Region/Country Forecast to 2028"

Polypropylene (PP), polyvinyl chloride (PVC), polyurethane (PU), acrylonitrile butadiene styrene (ABS), nylon, polyoxymethylene (POM), polyethylene (PE), and polycarbonate are examples of automotive plastics (PC). These plastics help extend the life of automobiles by enhancing design flexibility, lowering production costs, and simplifying component integration. They also help to reduce vehicle weight by replacing heavy components like metal and glass, which saves energy and improves fuel efficiency.

View Detailed Report Description at https://precisionbusinessinsights.com/market-reports/automotive-plastics-market/

Over the forecast period, the market is expected to rise due to the increasing use of sophisticated polymers in the manufacturing of automotive components. For example, on February 6, 2017, Asahi Kasei Corp. opened an Engineering Plastics Technical Center in Europe as part of a strategic goal to grow its European automotive-related business. Asahi Kasei Europe GmbH will be able to quickly create engineering plastics compounds as well as provide technological solutions that match the needs of European automotive clients thanks to the new Technical Center. Growing government rules and regulations on vehicular emissions are urging automakers to introduce lighter vehicles, which is propelling the automotive plastics industry forward. In India, for example, the "Bharat Stage-IV" car emission restrictions and fuel quality requirements are expected to be implemented in 50 major cities by the end of 2016. Original Equipment Manufacturers (OEMs) will be compelled to create more plastic components for use in automobiles as a result of these regulations. During the forecast period, fluctuating costs of automotive plastics are anticipated to stifle market expansion. This is due to fluctuations in raw material availability, which cause demand and supply to be disrupted. Furthermore, environmental worries about the recyclability of plastics are another important factor that is projected to limit BRIC automotive plastics market growth.

The Automotive Plastics Market on the basis of Product, the market is categorized ABS, PP, PU, PVC, PE, PC, PMMA, PA. On the basis of Application, the market is divided into Power Trains, Under the Hood, Electrical Components, Chassis, Furnishing. On the basis of Bio-based Opportunity, the market is segregated into PLA, PHA, PCL, PBS.

Asia Pacific market was predicted to hold a significant revenue share in the worldwide automotive plastics market, and this dominance is expected to continue during the forecast period. Growing automobile manufacturing in China, India, and Indonesia, as well as rising consumer purchasing power, are likely to be important factors driving market expansion in the area. Asia Pacific contributes the most revenue to the target market, followed by Europe, North America, Latin America, as well as the Middle East and Africa, in that order. Over the forecast period, technological developments in vehicle production are expected to drive market growth.

Request sample report at https://precisionbusinessinsights.com/request-sample/?product_id=40025

There are several industry players working in the Automotive Plastics Market, which include AkzoNobel N.V., BASF SE, Bayer MaterialScience AG, Grupo Antolin-Irausa S.A., Johnson Controls, Lear Corporation

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.