Automotive Plastics Market Sales, Revenue, Gross Margin, Market Share by Top Companies 2023

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Automotive Plastics Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Automotive Plastics Market Research Report-
Forecast to 2023
Automotive Plastics Market - Overview
Automotive Plastic is an integral component used
in the design and manufacture of automotive parts
such as flooring, engine components, and door
panels, etc. The lightweight plastic material
helps to control the fuel consumption, increasing
the fuel efficiency of the vehicles. It also
allows designers to implement innovative and
durable designs. Resultantly, the demand for
light-weight plastic has been augmented
drastically over the past few years. Improving
economy is fuelling the automotive industry
lately, enhancing the consumers purchasing
power. Resultantly, consumers are demanding
luxuries vehicles with the advancements in
automobile exterior design, and that can give
maximum fuel efficiency. This, in turn, is
ascending the demand for the lightweight
automotive components, escalating the market
value of Automotive Plastic on the global
platform. Acknowledging the kind of accruals, the
market is gaining currently, Market Research
Future (MRFR) has recently published a study
report giving out the complete market insight up
to 2023. In its study report, MRFR asserts that
the Global Automotive Plastics Market will garner
a value of approx. 56.38 Billion USD by 2023 with
a CAGR of 12.6 between 2016 and 2023. Qualities
of Automotive Plastics such as high resistance to
weathering, versatility in applications, and
superior quality of designs make them the
trendiest forms of automobile design materials.
Strict governmental regulations pertaining to the
vehicular emissions are encouraging the
automotive companies to switch their preferences
from metals like steel and aluminum to
light-weight plastics. On the flip side,
automotive plastics are slightly expensive and
hence is produced in lower volume which restricts
its applications to low-volume applications
further limiting its market growth to an extent.
Besides, price volatility and demand and supply
gap of the feedstock is one of the key factors,
impeding the market growth of Automotive Plastics.
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Automotive Plastics Market Research Report-
Forecast to 2023
Segmental Analysis
Global Automotive Plastics Market is segmented
into three key dynamics for an easy grasp and
enhanced understanding. By Types  Comprises -
Polypropylene, Polyurethane, Acrylonitrile-butadie
ne-styrene, Polyamide, Polymethyl Methacrylate,
Polycarbonate, and Others (Polyvinyl Chloride,
Polyethylene). By Applications  Interiors Body,
Under Bonnet, Exterior Body, and Electrical
Components among others. By Regions  North
America, Europe, APAC and Rest-of-the-World
(RoW). View Full Press Release _at_
https//www.marketresearchfuture.com/reports/autom
otive-plastics-market-2954
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Automotive Plastics Market Research Report-
Forecast to 2023
Regional Outlook
The Asia Pacific accounts for the fastest growing
market for Automotive Plastics capturing the
largest market share of the global market.
Factors substantiating the market growth include
the huge consumption of these products in the
ever increasing automotive and transportation
industry in this region. India, China, and Japan
are the major markets in this region owing to
their well-established established automotive
sectors. Europe is the second most significant
market in the Global Automotive Plastic Market.
The automotive industry in the region is
witnessing a steady rise in the demand for the
lightweight automotive parts. Countries namely
Germany, U.K., France, and Italy, are the major
markets in this region on account of established
automotive industries. The automotive industry is
increasingly consuming these plastics components
for manufacturing a number of under-hood
parts. North America is another lucrative market
for Automotive Plastics globally, owing to the
growing demand for these products for the
manufacturing of aftermarket products of the
interiors and exterior Body. The US backed by the
presence of the burgeoning automotive industry
accounts for the major contributor to the market
growth. The Middle East Africa is growing at a
significant rate owing to the growth of the
automotive sector. GCC Countries such as UAE,
Saudi Arabia, and Qatar will lead the market in
the region throughout the forecast period. The
Latin America region is anticipated to gain
momentum due to the economic and political
stability in Brazil. Attributing to the various
automotive application such as under bonnet,
interiors body, outer body, and electrical
components the region Latin America is expected
to witness a substantial growth during the review
period.
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Automotive Plastics Market Research Report-
Forecast to 2023
Major Players in this Research

• Automotive Plastics Market Prominent Players
• TEIJIN LIMITED
• Evonik Industries AG
• LyondellBasell Industries Holdings BV
• DowDuPont
• Covestro AG
• BASF SE
• Mitsubishi Chemical Corporation
• LANXESS
• SABIC
• Koninklijke DSM NV

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