Global Automotive Plastics Market | Inkwood Research

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GLOBAL AUTOMOTIVE PLASTICS MARKET

• FORECAST 2019-2027

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MARKET OVERVIEW
GLOBAL AUTOMOTIVE PLASTICS MARKET FORECAST
2018-2026

• Plastics find vast applications within the
  automotive sector because of their ease of
  manufacture, possible sourcing from renewable raw
  materials and relative ease of improved design
  that turn them into the primary materials for
  various automotive parts and applications.
• They reduce vehicular weight alongside improving
  aesthetics, reducing the noise, vibrations, and
  cabin insulation.
• The high cost of raw material necessary to
  manufacture automotive plastics and massive
  investments required are expected to pose
  challenges for the global industry.

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INTRODUCTION
KEY FINDINGS

• Various grades of plastics are categorized based
  on their usage, composition, resistance
  rigidity, cost, and weight.
• Their utilities in screw-on attachments in the
  furnishings to the more cost-intensive body parts
  in automobiles, everyday utilities, etc. these
  materials have made huge headways into various
  industries, and one of the most profited end
  users for plastics has been the automotive
  industry.
• On top of that, the growing demand for
  light-weight, fuel efficient and high-performance
  vehicles from the consumer's end are expected to
  inculcate massive investments and raise the
  manufacturing rate for automotive plastics.
• The global automotive plastics market is
  anticipated to raise its growth during the
  forecasting years of 2019-2027 with quantified
  and approximated 9.78 CAGR.
• The global market is expected to grasp a share
  valued 64,164 million by the end of 2027.

• Global Automotive Plastics market by Product, by
  Application by geography.

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Infographic
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NORTH AMERICA AUTOMOTIVE PLASTICS MARKET

• The North American automotive plastic market is
  developing at a CAGR of 9.18 during the
  forecasting years of 2019-2027. The United States
  and Canada are considered for the market study.
• Plastics are known to help reduce the total
  weight of the vehicles which in turn helps in the
  reduction of fuel consumption and carbon dioxide
  emissions.

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EUROPE AUTOMOTIVE PLASTICS MARKET

• The European market for automotive plastics is
  expected to progress at a CAGR of 9.42 during
  the forecasting years of 2019-2027.
• The rise in the demand for lightweight vehicles
  across the automotive industry is expected to
  inject growth to the automotive plastics market
  over the forecast period in the region.

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ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET

• The Asia Pacific automotive plastics market is
  expected to propel at 10.15 CAGR during the
  forecasting years of 2019-2027.
• The regional market of APAC had captured xx of
  estimated market share in 2018 and is expected to
  capture xx by the end of 2027.
• The efficient government regulation on fuel
  efficiency vehicle weight, growing vehicle
  production coupled with the various expansion
  activities performed by automotive manufacturers
  in the Asia Pacific region are necessarily
  driving the regional market.

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COMPETITIVE INSIGHTS

• The companies and incorporations operating in the
  global market for automobile plastics employ
  organic and inorganic strategies for their
  growth. Some of these companies are Sabic, Teijin
  Ltd., Covestro AG, Chi Mei Corporation, Dow
  Chemical Company, KRD Sicherheitstechnik GmbH,
  Owens Corning Corporation, Evonik Industries,
  Renias Co., Ltd., Johnson Controls, Magna
  International, Sumitomo Chemical Co. Ltd.,
  Idemitsu Kosan Co., Ltd., Royal DSM, BASF SE,
  Webasto SE, Lear Corporation, Mitsubishi Chemical
  Corporation, Engel Austria GmbH, Trinseo S.A. and
  AkzoNobel CV.

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