Automotive Plastic Additive Market Research Report, Size, Key Players, SWOT Analysis, Revenue Growth Analysis, 2022–2026
The global Automotive Plastic market was valued at USD 29.22 Billion in 2018 and is expected to reach USD 67.51 Billion by year 2026, at a CAGR of 11.1 percent. Automotive Plastic Additive market is driven by the increase in usage of the automobile, such as personal cars, lightweight commercial vehicle, increase in global population. An average car consists of 5.8% to 10% of plastics in terms of overall vehicle weight, Plastic is light weight material, as compare to metal. Plastic offer enhanced properties, such as high impact strength, it can be easy mold, improved aesthetics, and it helps in reducing weight, as compared to conventional automotive components. Increase in Global vehicle ownership per capita, in 2010 it was 148 vehicles in operation per 1000 people which is increased to 174 vehicles per 1000 people in 2013. China has the largest motor vehicle fleet in the world, with 322 million motor vehicle.
Get
a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1685
The 2017 Chevrolet Bolt has an ultra-thin innovative
design Chevrolet found that plastics technology helps in reducing seatback
thickness by 2 inches and mass by 6-8 pounds. Parts located close to engines
should withstand high temperature environment and parts are exposed to a
variety of corrosive fluids such as different lubricants and oils used in car.
Conventional materials such as steel and aluminum which are used under bonnet
are gradually being replaced by high-performing plastics. The 2014 Chevrolet
Corvette introduce new innovative door trim technology reliant on plastics
thermoplastic polyolefin material specifically developed for this application,
the result is a door-trim skin, foil that offers lower abrasion and less
scratch & marks, resulting in reduced cost and weight.
Competitive
Landscape:
· Magna
International Inc
· Covestro
AG
· Borealis
AG
· Compagnie
Plastic Omnium
· Adient
plc
· Lear
Corporation
· Evonik
Industries AG
· SABIC
· Grupo
Antolin-Irausa S.A
· Teijin
Ltd
· Royal
DSM N.V
· Johnson
Controls International PLC
· Momentive
Performance Materials
· The
Dow Chemical Company
Request
a customization of the report @ https://www.reportsanddata.com/request-customization-form/1685
Market
Dynamics:
The materials and
chemicals industry is rapidly gaining traction over the forecast period and is
expected to expand significantly in the coming years. Technological
advancements and rising innovation are key factors boosting the global market
growth. The global Automotive Plastic Additive markets are projected to
register robust revenue CAGR during the forecast period between 2022 and 2028.
Increasing awareness about green energy and eco-friendly biodegradable
products, environmental impact due to carbon emissions are a few key factors
supporting market growth. High demand for various chemicals and raw materials
in various industrial sectors such as food and technology, pharmaceutical and
biotechnology, manufacturing, paint and coating, paper, plastic among others.
In addition, increasing research and development activities, growing demand for
products like perfumes, soaps, and detergents for daily usage along with rising
disposable income across the globe are further boosting the market growth.
Further key findings from the report
suggest
- Asia
Pacific region is expected to grow and reach USD 31.25 Billion because of
increase in population in major economy such as China and India, and
Increase in number of vehicle usage help in the growth of the Automotive
Plastic Additive Market
- China
has the largest motor vehicle users in the world it accounts to 322
million motor vehicles registered at the end of September 2018, which
indicate toward the necessity of road marking which can guide the traveler
about rules and safety
- The
United States comes to the second position for the motor vehicles in the
world after China. The European union member countries in 2009, had an
estimated ownership rate of 473 passenger cars per 1000 people
- Plastics
used in Automotive accounted to about 5.8% to 10% of the weight of vehicle
but it is about 50% of the volume. Lightweight seats, instrument panels,
sound control fabrics, the headliner, dash and door panels are made with
modern polymer combinations
Get TOC of this Report @ https://www.reportsanddata.com/report-detail/automotive-plastic-market/toc
Segments covered in the report:
For the purpose of this report, Reports and Data has
segmented the Automotive Plastic Additive market on the basis of Types,
Applications and region:
By Types (Revenue, USD Million; 2016–2026)
- Polypropylene
- Polyurethane
- Polyvinyl
Chloride
- ABS
- other
- Polyamide
- HDPE
- Polycarbonate
- PBT
By Applications (Revenue, USD Million;
2016–2026)
- Interior
- Exterior
- Electric
component
- Under
Bonnet
Regional Outlook (Revenue in USD Million;
2016–2026)
- North
America
- Europe
- Asia
Pacific
- Middle
East & Africa
- Latin
America
Download
Summary @ https://www.reportsanddata.com/download-summary-form/1685
About Us:
Reports and Data is a market research and consulting
company that provides syndicated research reports, customized research reports,
and consulting services. Our solutions purely focus on your purpose to locate,
target and analyze consumer behavior shifts across demographics, across
industries and help client’s make a smarter business decision. We offer market
intelligence studies ensuring relevant and fact-based research across a
multiple industries including Healthcare, Technology, Chemicals, Power and
Energy. We consistently update our research offerings to ensure our clients are
aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Comments
Post a Comment