Asia Pacific Automotive Plastics Market share

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Asia Pacific Automotive Plastics Market size to
exceed USD 25 bn by 2024 Graphical Research
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Key Insights from Asia Pacific Automotive
Plastics Market

• Graphical Research says, Asia Pacific Automotive
  Plastics Market to Cross 25 bn by 2024.
• Shifting trends towards more fuel-efficient
  vehicles and increase in usage of plastic
  polymer composites in lightweight vehicles may
  boost automotive plastics market demand in the
  region.
• Growing environmental concerns due to GHG
  emission has stimulated automotive manufacturers
  to focus on fuel efficient and lightweight
  vehicles manufacturing.
• Japan PVC based automotive plastics market demand
  may witness gains at over 9.5 in the predicted
  timeframe. These products find usage in various
  applications such as door panels seating,
  dashboard, arm rest and exterior parts.
• India polycarbonates based automotive plastics
  market was valued at over USD 20 million in 2017.
  These products are commonly used in security
  screens, aircraft panels, bumpers, spectacle lens
  and headlamp lenses on account of their excellent
  weather and UV resistance which may stimulate
  market growth.

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reserved.


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3

Continued...

• Indonesia automotive plastics market size from
  power train applications may show significant
  gains exceeding 12 in the forecast period. These
  products help to reduce the number of parts
  needed to assemble complex components and are
  increasingly used to manufacture seal rings,
  transmission oil pans, air intake manifolds, air
  ducts, suction pipes.
• The requirement of non-renewable raw materials
  such as natural gas and petroleum along with
  energy-intensive production techniques the lack
  of product standardization may hamper Asia
  Pacific automotive plastics market growth.
• Adient, BASF, Bayer, Borealis and Celanese are
  some prominent manufacturers in the competitive
  market of Asia Pacific automotive plastics.
  Companies are focusing on acquisitions to expand
  their product portfolio market share market
  share along with indulging in production capacity
  expansions in order to meet rising product
  demand.

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reserved.


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