Automotive Plastics (Polypropylene, Polyurethane, Polyvinyl Chloride, ABS, Polyamide, HDPE, Polycarbonate, PBT) Market for Passenger Cars - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 27, 2018--The “Automotive Plastics Market for Passenger Cars by Type (Polypropylene, Polyurethane, Polyvinyl Chloride, ABS, Polyamide, HDPE, Polycarbonate, PBT), Application (Interior, Exterior, Under Bonnet), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The automotive plastics market for passenger cars is projected to grow from USD 28.20 billion in 2018 to USD 47.33 billion by 2023, at a CAGR of 10.9% during the forecast period.
Increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market for automotive plastics in passenger cars. Automotive plastics are used in automobiles for weight reduction, improving aesthetics, vibration & noise control, and cabin insulation. Various stringent regulations imposed on emissions may act as a huge opportunity for the automotive plastics market for passenger cars. However, volatility in raw material prices may pose a threat to the growth of the market.
By application, the interior segment is expected to lead the market during the forecast period. The demand for automotive plastics for interior components is expected to increase mainly due to a higher emphasis on lightweight and fuel-efficient vehicles. With improving economic conditions, the demand is expected to gain further momentum. Automotive plastics in the interior design of a passenger car serve various purposes. For instance, they make the automobile less bulky, thus reducing carbon emissions and improving fuel economy, and enhance the aesthetic appeal, thereby driving the automotive plastics market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Plastics Market for Passenger Cars, By Product Type
7 Automotive Plastics Market for Passenger Cars, By Application
8 Automotive Plastics Market for Passenger Cars, By Region
9 Competitive Landscape
10 Company ProfilesMagna International Inc. Lear Corporation Adient PLC BASF SE Compagnie Plastic Omnium Borealis AG Covestro AG Evonik Industries AG Saudi Basic Industries Corporation SJSC (SABIC) Grupo Antolin-Irausa S.A. Toyota Boshoku Corporation Faurecia Sa Toyoda Gosei Co., Ltd. Sage Automotive Interiors, Inc. Benecke-Kaliko AG Royal Dsm Nv The DOW Chemical Company Momentive Performance Materials Teijin Limited Solvay Sa
For more information about this report visit https://www.researchandmarkets.com/research/4bzhtt/automotive?w=4
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Related Topics:Automotive Interior Components,Automotive Materials
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING CHEMICALS/PLASTICS AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 08/27/2018 07:43 AM/DISC: 08/27/2018 07:43 AM