globalreportsstore.com Presents “Global Automotive Plastics Market 2019 by Players, Countries, Type and Application, Forecast to 2025” New Document to its Studies Database. The Report Contain 115 Pages With Detailed Analysis.
Global Automotive Plastics Industry to reach USD 58.3 billion by 2025.
Global Automotive Plastics Industry valued approximately USD 25.3 billion in 2017 is anticipated to grow with a healthy growth rate of more than 11 % over the forecast period 2019-2025. The shift in trend towards high performance plastics to substitute conventional metals & rubber is expected to drive demand. The quality of plastics is highly dependent upon their properties, functions and applications. Superior properties such as light weight, versatility and flexibility has fostered technological innovations and design freedom using plastic materials. Streamlined mass production has enabled provision of technologically sound and cost-efficient products with high sustainability. Utilization of polymer matrix and carbon fiber composites are expected to enable car body-weight reductions of 25% to 75%. They contribute to lower vehicle weight, essential for emission reduction and fuel conservation while supporting the additional weight of advanced safety equipment. In automotive Plastics Industry Significant investments in R&D activities to develop new plastic components and highly fragmented Industry with the presence of a large number of Industry players make the intensity of competition in the Industry very high. Fluctuating prices of raw materials adversely impact the overall cost of production incurred by the manufacturers of automotive plastics. High capital costs incurred in the deployment of automotive plastics in existing metallic applications restrict the adoption of automotive plastics in new vehicle designs.
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The regional analysis of Global Automotive Plastics Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World Asia Pacific is estimated to be the largest Industry for automotive plastics in 2018, and the region is also expected to continue leading the Industry till 2025 owing to emerging industries in the region’s developing economies, such China, India, and Thailand. Rising per capita disposable income, preferences for a nuclear family, and growing trend towards the use of small cars fuel the demand for passenger cars in the region, which subsequently impact the automotive plastics Industry
The Automotive Plastics Market report presents the comprehensive analysis of key market segments and sub-segments, evolving the Automotive Plastics market trends and dynamics, changing supply and demand scenarios. Quantifying Automotive Plastics business opportunities through market sizing and forecasting, Tracking current trends/opportunities/challenges, competitive insights, opportunity mapping in terms of technological breakthroughs.
The Major Market Players in Automotive Plastics Industry:
Magna International Inc.
Covestr – AG
Evonik Industries AG
Royal Dsm Nv
The Automotive Plastics research report displays growth opportunities over the forecast period, while also highlighting the market drivers, constraints, threats, challenges, competitive landscape, and other key aspects, such as the supply chain with regards to the market. Automotive Plastics report’s primary goal is to identify the size of the distinct sections and geographies as well as forecast the trends that are likely to gain momentum in the following few years. The purpose of Automotive Plastics research report is to integrate both the qualitative and quantitative elements of the sector within each region.
By Product Type:
• Polyvinyl Chloride
• High Density Polyethylene
• Poly Carbonate
• Polybutylene Terephthalate
• Under Bonnet
Additionally, the information on the latest developments in this Automotive Plastics market, both, at the as well as regional level, is expected to enhance the decision-making capability of the reader. Up-to-date information on various specifications, buyer analysis, their purchasing volume, prices, and price analysis, and deep insights on the leading suppliers have also been provided in Automotive Plastics study for the readers.
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- Highlights Automotive Plastics Market hereby allowing organizations to gain revenues by focusing majorly on select products
- To understand the structure of the Automotive Plastics market by identifying its various sub-segments.
- Focuses on major Industry players of Automotive Plastics to identify, describe and evaluate the quantity of sales, value, market share, competitive landscape market, SWOT analysis, and growth plans in the coming years.
- To analyze the Automotive Plastics with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the Automotive Plastics market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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This post was originally published on Space Market Research