openPR Logo
Press release

Automotive Plastics Market Forecasted to Attain USD 58.63 Billion by 2032, Fueled by 7.4% Compound Annual Growth | PMR

05-27-2024 12:34 PM CET | Chemicals & Materials

Press release from: Polaris Market Research & Consulting

Automotive Plastics Market

Automotive Plastics Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐๐ฅ๐š๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ข๐ณ๐ž ๐š๐ง๐ ๐ฌ๐ก๐š๐ซ๐ž ๐ข๐ฌ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ ๐”๐’๐ƒ ๐Ÿ‘๐ŸŽ.๐Ÿ—๐Ÿ’ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ ๐š๐ง๐ ๐ข๐ฌ ๐š๐ง๐ญ๐ข๐œ๐ข๐ฉ๐š๐ญ๐ž๐ ๐ญ๐จ ๐ ๐ž๐ง๐ž๐ซ๐š๐ญ๐ž ๐š๐ง ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐ซ๐ž๐ฏ๐ž๐ง๐ฎ๐ž ๐จ๐Ÿ ๐”๐’๐ƒ ๐Ÿ“๐Ÿ–.๐Ÿ”๐Ÿ‘ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐š๐œ๐œ๐จ๐ซ๐๐ข๐ง๐  ๐ญ๐จ ๐ญ๐ก๐ž ๐ฅ๐š๐ญ๐ž๐ฌ๐ญ ๐ฌ๐ญ๐ฎ๐๐ฒ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก. ๐๐ž๐ฌ๐ข๐๐ž๐ฌ, ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ญ๐ž๐ฌ ๐ญ๐ก๐š๐ญ ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ž๐ฑ๐ก๐ข๐›๐ข๐ญ๐ฌ ๐š ๐ซ๐จ๐›๐ฎ๐ฌ๐ญ ๐Ÿ•.๐Ÿ’% ๐‚๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐€๐ง๐ง๐ฎ๐š๐ฅ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž (๐‚๐€๐†๐‘) ๐จ๐ฏ๐ž๐ซ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ๐ž๐ ๐ญ๐ข๐ฆ๐ž๐Ÿ๐ซ๐š๐ฆ๐ž, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ

The automotive plastics market involves the use of plastic materials in the manufacturing of vehicles. These materials are essential for various automotive components due to their lightweight, durability, and versatility. The market has been growing significantly, driven by the need for fuel efficiency, stringent emission regulations, and advancements in plastic technologies. The automotive plastics market is poised for robust growth, driven by the need for lightweight, cost-effective, and durable materials that enhance vehicle performance and fuel efficiency.

๐‚๐ฅ๐ข๐œ๐ค ๐ญ๐จ ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž ๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ๐Ÿ๐ฎ๐ฅ ๐ƒ๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง๐ฌ:
https://www.polarismarketresearch.com/industry-analysis/automotive-plastics-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:

Plastics, a high-performance engineering material, are integral to heavy-duty applications in automotive part manufacturing. They have played a pivotal role in the ongoing revolution in the automotive industry. This revolution started in 1950 with the introduction of thermoplastics, starting with ABS and expanding to include polyamide, polyacetal, and polycarbonate, along with the opening of blends and alloys of different polymers. The continuous expansion of developed, high-performance polymers has especially improved their usage. Initially, plastics were chosen for their suitable automatic properties and attractive appearance, including the possibility of self-coloring.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Industry participants are using advanced methods, components, and procedures to fabricate quality plastics to be utilized in automotive applications. Here is the list of the leading companies operating in the automotive plastics market :
โ€ข Akzo Nobel NV
โ€ข Evonik Industries AG
โ€ข BASF SE
โ€ข Covestro AG
โ€ข Koninklijke DSM NV
โ€ข The Dow Chemical Company
โ€ข Teijin Limited
โ€ข LANXESS
โ€ข Solvay
โ€ข LyondellBasell Industries Holdings BV.

๐†๐ž๐ญ ๐€๐ก๐ž๐š๐ ๐ฐ๐ข๐ญ๐ก ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
https://www.polarismarketresearch.com/buy/336/2

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The global automotive plastics market is segmented into product types, applications, and regions. PVC can be extruded, compression molded, injection molded, or blow molded, and thus, it can be used to make a wide variety of automotive products that are expected to benefit the segment demand.
Furthermore, according to the application analysis, the market has been segmented into automotive interior, exterior, under-the-hood, and electrical components. Metals, alloys, and other materials are increasingly being substituted by plastics in automotive applications.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

โ€ข The market's growth is propelled by the increasing sales of passenger cars and the industry's shift towards lightweight passenger vehicles, which are expected to drive industry sales.
โ€ข Increasing awareness about environmental sustainability is forcing the adoption of eco-friendly textiles and manufacturing techniques in the automotive market. Automotive plastics are growing to have recycled content, bio-based materials, and recyclable choices, aligning with enterprise sustainability.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/automotive-plastics-market

๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ

โ€ข Interior Components:Plastics are extensively used in interior components such as dashboards, door panels, seat cushions, and trim. They offer aesthetic appeal, comfort, and functionality.
โ€ข Exterior Components:Exterior parts like bumpers, fenders, and grilles are made from high-strength plastics. These materials provide impact resistance, weight savings, and design versatility.
โ€ข Under-the-Hood Components:Engine components, fuel systems, and transmission parts utilize heat-resistant plastics that can withstand high temperatures and corrosive environments.

๐†๐ž๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ๐š๐ฅ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

โ€ข North America (U.S., Canada)
โ€ข Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands)
โ€ข Asia-Pacific (China, Japan, India, Australia, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)
โ€ข Latin America (Brazil, Mexico, Argentina)
โ€ข Middle East and Africa (UAE, Saudi Arabia, South Africa)

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

๐…๐ข๐ซ๐ž ๐‘๐ž๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐ญ ๐…๐š๐›๐ซ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/fire-resistant-fabrics-market

๐…๐ฅ๐ž๐ฑ๐ข๐›๐ฅ๐ž ๐๐š๐œ๐ค๐š๐ ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/flexible-packaging-market

๐‚๐š๐ซ๐›๐จ๐ง ๐ƒ๐ข๐จ๐ฑ๐ข๐๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/carbon-dioxide-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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 Automotive Plastics Market Forecasted to Attain USD 58.63 Billion by 2032, Fueled by 7.4% Compound Annual Growth | PMR here

News-ID: 3513577 • Views: โ€ฆ

More Releases from Polaris Market Research & Consulting

Connected Car Market Projected to Hit USD 186.49 Billion by 2032, to grow at a CAGR of 22.30% | PMR
Connected Car Market Projected to Hit USD 186.49 Billion by 2032, to grow at a C โ€ฆ
Connected Car Market Insights, Size Revenue, Outlook, Overview, and Analysis. The global connected car market was estimated to be worth USD 30.44 billion in 2023 and is predicted to expand to USD 186.49 billion by 2032, with a CAGR of 22.30% during the forecast period 2024-2032. ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/connected-car-market/request-for-sample ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐œ๐จ๐ฉ๐ž: This comprehensive study provides an accurate overview of the worldwide connected car industry. It includes comprehensive analysesโ€ฆ
Golf Cart Market Projected to Hit USD 1,955.68 Million at a 3.5% CAGR by 2032 | PMR
Golf Cart Market Projected to Hit USD 1,955.68 Million at a 3.5% CAGR by 2032 | โ€ฆ
Golf Cart Market Insights, Size Revenue, Outlook, Overview, and Analysis. The global golf cart market was estimated to be worth USD 1,436.20 million in 2023 and is predicted to expand to USD 1,955.68 million by 2032, with a CAGR of 3.5% during the forecast period 2024-2032. ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/golf-cart-market/request-for-sample ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐œ๐จ๐ฉ๐ž: This comprehensive study provides an accurate overview of the worldwide golf cart industry. It includes comprehensiveโ€ฆ
Intelligent Virtual Assistant Market Revenue to Cross USD 22.45 Billion By 2032; Registering at a CAGR of 24.0%
Intelligent Virtual Assistant Market Revenue to Cross USD 22.45 Billion By 2032; โ€ฆ
The intelligent virtual assistant market was valued at USD 3.24 billion in 2023. It is projected to grow to USD 22.45 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.0% during the forecast period (2024 - 2032). ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/intelligent-virtual-assistant-market/request-for-sample ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง: The Intelligent Virtual Assistant is an AI-enabled conversation helper that leverages human expertise and the company knowledge base to leverage cognitive andโ€ฆ
Online Dating Application Market: Exploring the USD 12.65 Billion Revenue Projection by 2030
Online Dating Application Market: Exploring the USD 12.65 Billion Revenue Projec โ€ฆ
The Online Dating Application Market was valued at USD 7.55 billion in 2021. It is projected to grow to USD 12.65 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.0% during the forecast period (2022 - 2030). ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/online-dating-application-market/request-for-sample ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง: An online dating service accessed via a mobile application is referred to as an online dating application or dating app. These applicationsโ€ฆ

All 5 Releases


More Releases for Plastics

Aerospace Plastics Market Demand and Technology Growth 2026 | 3P-Performance Pla โ€ฆ
Allied Market Research published a report, titled, "Aerospace Plastics Market by Material Type (Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others), Type of Aircraft (Commercial, Military, Rotorcraft, and Space), and Application (Cabin Interior, Windows & Windshield, Airframe, and Propulsion System): Global Opportunity Analysis and Industry Forecast, 2019โ€“2026." According to the report, the global aerospace plastics industry garnered $744 millionโ€ฆ
What's Driving the Aerospace Plastics Market Trends? SABIC, Solvay, Superior Pla โ€ฆ
Asia Pacific will account for a substantial proportion of aerospace plastics market share in the years to come. The growth can be primarily attributed to the surging demand for military and commercial aircraft. India and China will contribute significantly towards the regional growth. Europe aerospace plastics industry on the other hand, is also predicted to record a considerable growth rate over the coming timeframe, aided by France, Germany, and UK. Increasingโ€ฆ
Plastic Contract Manufacturing Market is touching new level - GW Plastics, Inc., โ€ฆ
Global Plastic Contract Manufacturing Market: Snapshot The global Plastic Contract Manufacturing market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.6% in the forecast period of 2020 to 2025 and will expected to reach USD 26920 million by 2025, from USD 23390 million in 2019 Get Sample Copy of this Report @https://www.orianresearch.com/request-sample/1512613 Further, in the research report, the following points are includedโ€ฆ
Aircraft Plastics Market Analysis Focusing on Top Key Players are Solvay, BASF, โ€ฆ
Market Study Report LLC recently introduced new title on โ€œ2019-2024 Global Aircraft Plastics Market Reportโ€ that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024. The worldwide market for Aircraft Plastics is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019,โ€ฆ
Plastic Contract Manufacturing Market 2018, Future Trends - McClarin Plastics, L โ€ฆ
Plastic Contract Manufacturing Market 2018 Industry report is offers a clear picture of the current and future Industry trends, developments and opportunities. The report, prepared by a highly seasoned team of analysts and data experts, carries an array of tables and graphs besides qualitative analyses. Consumer electronics industry is dynamic and highly competitive in nature. As a result, manufacturers have been trying to implement methods which can reduce production costโ€ฆ
Global Plastics Extrusion Market 2018 - Talent Plastics, Intek Plastics, America โ€ฆ
Apex Market Reports, recently published a detailed market research study focused on the โ€œPlastics Extrusion Marketโ€ across the global, regional and country level. The report provides 360ยฐ analysis of โ€œPlastics Extrusion Marketโ€ 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 PP Pipe industry, and estimates the future trend of Plastics Extrusion onโ€ฆ