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Automotive Bioplastics Market 2021 Latest Insights, Growth Rate, Future Trends And Forecast | Denso Corporation, Solvay Group, Toray Industries Inc., Evonik Industries AG
Automotive Bioplastics Market
Bioplastics are plastics made from renewable biological resources, such as vegetable oils and corn starch. Unlike conventional plastics, which are made from petroleum, bioplastics are biodegradable, meaning they can be broken down by natural processes.
Automotive bioplastics are a new generation of plastics made from renewable plant-based materials. These bioplastics are being developed to replace traditional petroleum-based plastics used in cars, trucks, and other vehicles.
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Key Trends
One of the key trends in automotive bioplastics technology is the development of sustainable and environmentally friendly materials. Bioplastics are made from renewable resources, such as plant starch, and are biodegradable, making them a more sustainable option than traditional petroleum-based plastics. In addition, bioplastics can often be recycled, further reducing their environmental impact.
Another key trend is the use of bioplastics to improve the performance of vehicles. Bioplastics are often lighter than traditional plastics, which can improve fuel efficiency. In addition, they can be designed to have specific properties, such as improved strength or heat resistance, which can make them ideal for certain automotive applications.
Finally, the cost of bioplastics is falling as production methods improve. This is making them more competitive with traditional plastics, making them an increasingly attractive option for automotive manufacturers.
Key Drivers
The key drivers of the automotive bioplastics market are the rising awareness about the benefits of bioplastics, the increasing preference for eco-friendly materials, and the stringent government regulations regarding the use of traditional plastics.
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Bioplastics are made from renewable resources, such as corn starch, sugar cane, or vegetable oils, and are biodegradable. They offer a number of advantages over traditional plastics, such as being lighter in weight, which can lead to fuel savings, and being resistant to corrosion and chemicals. In addition, bioplastics are recyclable and do not release toxic chemicals into the environment.
Market Segments
The automotive bioplastics market bifurcated on the basis of material, vehicle, application, and region. On the basis of material, it is segmented into bio PA, bio-PTT, bio PET, and others. By vehicle, it is analyzed across passenger car, LCV, HCV, and others. By application, it is segmented into exterior, interior, engine surrounding, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The automotive bioplastics market report includes players such as Denso Corporation, Solvay Group, Toray Industries Inc., Evonik Industries AG, Arkema Group, Braskem, Novamount S.P.A., RTP Company, BASF SE, and Dow Chemical Company
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