Automotive Plastics Market Global Industry Analysis, Growth & Forecast Attractiveness 2018

Market Research Reports Search Engine (MRRSE) has added a new report regarding the global automotive industry. The report, titled “Automotive Plastics Market By Product (ABS, PP, PU, PVC, PE, PC, PMMA, PA), By Application (Power Trains, Under the Hood, Electrical Components, Chassis, Furnishing), Bio-based Opportunity (PLA, PHA, PCL, PBS) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018”, provides a complete perspective of the global automobile plastics market and the developments that may occur in the near future.

The global automobile plastics market is growing at a rapid rate. According to the OICA, overall production of vehicles is expected to increase. The global production of motor vehicles was 77.6 mn in 2010. This number increased in 2013 to 87.3 mn and is further expected to rise by 2020.

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The report explains that the current scope of the global automobile plastics market lies in furnishings, electrical components, hood components, chassis, and powertrains. Considering that plastics are already in use in a substantial number of critical components of a vehicle, the global automobile plastics market is expected to flourish even further by 2018.

According to the report, the global automobile plastics market will generate US$32.9 bn in terms of revenue by the end of 2018.

Key players in the global automobile plastics market, as described in the report, are Solvay Plastics, Momentive Performance Materials, Inc., Magna International, Inc., Johnson Control, Inc., Evonik Industries, Akzo Nobel N.V., Ascend Performance Materials, Delphi Automotive PLC, and BASF SE.

Geographically, the report explains that Asia Pacific is leading the global automobile plastics market, owing to it being the largest automobile and automotive manufacturing region in the world. Asia Pacific is followed by Europe and North America. The report, however, does speculate that the eurozone crisis that has weakened the Euro could allow North America to take the second position in the global automobile plastics market. The rate of production of automobiles and automobile plastics in North America continues to increase at a steady and matured pace.

The report also sheds light on the Asia Pacific automotive plastics market. The market is consistently led by China and Japan in terms of supply and distribution as well as manufacturing. The report then explains how the fall in automobile production in Japan in 2013 has handed the lead to China.

The Australia automobile plastics market remains slow due to unaffordable labor costs and high manufacturing costs.

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The report also discusses the shift of multiple key players in the global automobile plastics market towards biodegradable materials. A growing sense of environmental concern has led top players to use biodegradable plastics that will help reduce pollution.

About MRRSE

MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.

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