Press release
Global Automotive Plastics Market to Exhibit Sound Market Expansion Owning to Diverse Applications, Favorable Government Norms
Fairfield Market Research projects that the global automotive plastics market will reach a valuation of US$ 68.6 Bn by the year 2026 at a stable CAGR of 7.7%. This figure was at US$ 48.7 Bn in 2018. The expected market valuation points toward the promising business opportunities residing in the global automotive plastics market. Encouraged by these sound growth prospects, key market players are all set to pursue strategic partnerships, open innovation, and intense innovation.
Get Sample Copy of Automotive Plastics Market at: https://www.fairfieldmarketresearch.com/report/automotive-plastics-market/request-sample
Multiple Applications Diversify Growth Prospects; Polypropylene to Exhibit Paced Growth
Automotive plastics offer significant versatility in applications, from exterior materials such as bumpers to soft plastic upholstery in the interiors. The automotive industry employs over 39 types of plastics including polypropylene (PP), polyamide (PA), polyvinyl chloride (PVC), polyurethane (PU), acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), and polycarbonate (PC). The PP plastic exhibited a robust growth in 2020 owing to its usage in interiors, exteriors, and under the hood applications. Its market is expected to attain a valuation of US$ 13.5 Bn by 2026 at a promising CAGR of 7.8%. The under the hood segment is expected to exhibit to become the fastest-growing application category due to favorable government regulations and consumer preference for lightweight and fuel-efficient automobiles. Due to PP's high-temperature nature, its application as an under the hood component is expected to witness an upsurge during the forecast period. Other applications of automotive plastics include upholstery, interior trims, under the hood components, exterior parts, fuel system, powertrain components, instrumental panels, dashboard, bumper, air-conditioning system, and lighting.
Flourishing Automotive Sector to Catalyze Growth in Automotive Plastics Market of Asia Pacific
The Asia Pacific region is the world's largest automotive hub, with economies such as China, India, Japan, and South Korea providing strong tailwinds to its automotive plastics market. Moreover, strong manufacturing sector, increasing demand for automobiles, FDI-friendly government norms, and availability of relatively cheaper labor are some of the key drivers propelling APAC's automotive plastics market toward steady expansion. On the other hand, the automotive plastics market of North America and Europe is embracing significant expansion owing to stringent road safety and environmental norms and sound adoption of electric mobility.
Some of the key market players in the global automotive plastics market include SABIC, BASF SE, LyondellBasell Industries N.V., Borealis AG, Covestro AG, LG Chem, LANXESS AG, INEOS, Asahi Kasei Corporation, Celanese Corporation, and Koninklijke DSM N.V.
Do You Have Any Query or Specific Requirement? Request for Custom Research: https://www.fairfieldmarketresearch.com/report/automotive-plastics-market/request-customization
The Global Automotive Plastics Market is Segmented as Below:
By Product Coverage
• Polypropylene (PP)
• Polyurethane (PU)
• Polyamide (PA)
• Polyvinylchloride (PVC)
• High Density Polyethylene (HDPE)
• Acrylonitrile Butadiene Styrene (ABS)
• Polycarbonate (PC)
• (Including PBT, PMMA, PET, LDPE, etc.)
By Application Coverage
• Interior
• Exterior
• Electronics and Light
• Under the Hood
• (Chassis, Powertrain Components, etc.)
By Geographical Coverage
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Leading Companies
• LyondellBasell Industries N.V.
• BASF SE
• SABIC
• Covestro AG
• Borealis AG
• LG Chem
• LANXESS AG
• Celanese Corporation
• INEOS
• Asahi Kasei Corporation
• Koninklijke DSM N.V.
For More Information Visit: https://www.fairfieldmarketresearch.com/report/automotive-plastics-market
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA +1 (844) 3829746 (Toll-free)
Email: sales@fairfieldmarketresearch.com
Web: https://www.fairfieldmarketresearch.com/
Follow Us: https://bit.ly/3voYIm9
About Us :-
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values and eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Plastics Market to Exhibit Sound Market Expansion Owning to Diverse Applications, Favorable Government Norms here
News-ID: 2945481 • Views: …
More Releases from Fairfield Market Research
Soaring Uptake by Dietary Supplements Industry to Favour Omega 3 Market Growth, …
Global omega 3 market that surpassed the valuation of US$4.4 Bn in the year 2019 is likely to reach the revenue of around US$13 Bn toward the end of 2027. In its latest published report, Fairfield Market Research forecasts a robust 14.6% CAGR for omega 3 market over the period of projection, 2021 - 2027. The growth of fortified foods across international markets and increasing worldwide focus on mother-and-new-born nutrition…
Oat Milk Sales Elevate on the Back of Veganism, Dairy-free, Plant-based, and Glu …
Exhibiting an estimated CAGR of 11.5%, global oat milk market value is likely to surpass US$2.6 Bn by the end of 2026. As suggested by the latest Fairfield Market Research report, oat milk sales will gain significantly from the thriving plant-based F&B trend. With plant-based, lactose-free, and gluten-free trend waves gathering momentum over the recent past, the nutrition profile of oat milk will continue to drive its demand at household,…
Global Narcolepsy Drugs Market to Register a CAGR of 11.2% as Pandemic Brings At …
The global narcolepsy drugs market has been under the spotlight recently as the awareness about sleep disorders grows. The pandemic brought with it a sudden wave of sleeping disorders as many found their daily schedules disrupted. Psychological distress added to the gamut of issues, which has raised awareness about narcolepsy too. As the focus on improving lifestyle in the post-pandemic world continues, analysts at Fairfield Market Research estimate the sentiment…
Low Carbon Footprint of Microbial Fuel Cell (MFC) to Create Sustained Demand wit …
The global microbial fuel cell (MFC) market is expected to cross the growth threshold required for competitors to make lucrative gains. The total worth of the global microbial fuel cell (MFC) market is expected to supplant US $15 Mn by the end of 2025, growing at a stupendous CAGR of 9.8% during the period between 2021 and 2025. The wide spectrum of applications pertaining to microbial fuel cells is the…
More Releases for Automotive
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Automotive Gearbox Market,Automotive Gearbox Industry, Global Automotive Gearbox …
Latest industry research report on: Global Automotive Gearbox Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This industry study presents the global Automotive Gearbox market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Gearbox production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Gearbox in volume terms are also provided for major countries (or regions), and for each…
Automotive Windscreen Sales Market – Analysis of Automotive Windscreen Sales G …
Automotive Windscreen Market report provides an in detail study of Manufactures in the market which is based on the various objectives associated with an organization such as Analysis, Market Share, Regional Market Performance, Product Specification, and the Company Introduction.
The latest market intelligence study on Automotive Windscreen Sales market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities…
Global Automotive Windshield Pumps Market 2018- SHW AG, TRW Automotive, Delphi A …
Apex Market Reports, recently published a detailed market research study focused on the "Global Automotive Windshield Pumps Market" across the global, regional and country level. The report provides 360° analysis of "Global Automotive Windshield Pumps Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Automotive Windshield Pumps industry, and estimates the future…
Automotive Steering System Market Players: Mitsubishi Electric, TRW Automotive H …
Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market.
Market Scenario
Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s…
