Automotive Plastics Market is Expected to Cross USD 50 Billion By 2023 With An Approximate CAGR of About 12.86% Between 2017 and 2023

The Global Automotive Plastics Market is expected to cross USD 50 Billion by 2023 with an approximate CAGR of about 12.86% between 2017 and 2023.

November 10, 2017 /MarketersMedia/ —

The Global Automotive Plastics Market is expected to cross USD 50 Billion by 2023 with an approximate CAGR of about 12.86% between 2017 and 2023. Automotive plastics are essentially used in the design and manufacturing process such as flooring, door panels etc. where light weight plastic materials help to make innovative designs with durability.

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Increasing demand of automotive is likely to drive the market growth in the APAC and the Europe region. Due to continuously rising demand of lightweight vehicle and advance in exterior design will create an opportunity for an automotive industry. Whereas fluctuation in the price of raw materials, government norms relate to environmental concern will hamper the growth of Global Automotive Plastics Market.

Complete report on Automotive Plastics Market spread across 124 pages, profiling 16 companies and supported with tables and figures. Inquire for more at https://www.orianresearch.com/enquiry-before-buying/406225

Performance advancement in modern cars, sedan, SUV and much more host the Global Automotive Plastics Market. Automotive Plastics are durable, strong, recycle, resistant to scratch, abrasion etc., vibration absorbent and noise absorbent. In modern vehicles, plastic constitute almost 50% of the total volume but contribute only 10% of the total weight which makes vehicle more lighter and efficient and overall increase in fuel efficiency. In the broader context, automotive plastics application helps in passenger safety, passenger comfort and overall cost reduction of vehicles.

The key driving factors of Global Automotive Plastics Market are a potential reduction in the overall weight influencing fuel consumption efficiency, interchange of Iron & Steel due to its high price resulting in cost reduction. Major restraints in this Global Automotive Plastics Market are high material cost and high investment cost. Government norm and regulation act plays a key challenge in this market. Key opportunities in this market are created by using efficient and eco-friendly products such as Polymethyl Methacrylate (PMMA), Light PP, thermoplastics materials, biodegradable plastics etc. Moreover, plastics offers high flexibility in terms of vehicle design and differentiate itself from others materials in various applications. All these factors anticipated in the driving of Automotive Plastics Market to the massive height.

The Global Automotive Plastics Market is segmented by Vehicle type (Passenger & Commercial Vehicle), Distributor channels (OEM & Aftermarket), Product (Acrylonitrile-Butadiene-Styrene (ABS) , High Density Polyethylene (HDPE), Polypropylene, Polyamide, Polyurethanes, Polycarbonates, Poly Methyl-Methacrylate (PMMA), Polyethylene Terephthalate (PET), Polyvinyl Chloride And Others), Application (Interior body, Exterior body, Under bonnet and Electrical Components) and Region where it covers North America, South America, Europe, APAC, and Middle East & Africa. The global automotive plastics Market comprises more on the basis of application it includes interior and exterior.

Manufacturers Of Global Automotive Plastics Market:

• Akzo Nobel N.V.
• BASF SE
• Bayer Material Science AG
• Borealis AG
• Evonik Industries AG
• Grupo Antolin-Irausa S.A.
• Hanwha Azdel Inc.
• Johnson Controls Inc.
• Lear Corporation
• Magna International Inc.
• Momentive Performance Materials Inc.
• Owens Corning
• Koninklijke DSM N.V.
• Saudi Basic Industries Corporation (SABIC)
• Zoltek Companies Inc.

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Key benefit of this report:

*This report provides current market trends and future growth expectations
*This report examines the market size and changing competitive dynamics
*It covers information regarding key drivers, challenges or restraining market growth
*It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management
*Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved
*This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating in-depth analysis of market segments

Target Audience:

*OEM and Aftermarket Manufacturers
*Suppliers, vendors & traders
*Local vendors
*Automotive experts and regulatory bodies

Table of Content:
1 Executive Summary
2 Demographic Overview
3 Research Methodology
4 Premium Insights
5 Market Overview
6 Market Factor Analysis
7 GLOBAL MARKET ANALYSIS BY VEHICLE
8 GLOBAL MARKET ANALYSIS BY DISTRIBUTION CHANNEL
9 GLOBAL MARKET ANALYSIS BY PRODUCT
10 GLOBAL MARKET ANALYSIS BY APPLICATION
11 Global Market Automotive Plastics Market Analysis By Region
12 Market Trends & competitive Analysis
13 Company Profiles

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