Global Automotive Plastic Market by Type, Application and Region; Size & Forecast (2018-2025) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 14, 2018--The “Global Automotive Plastic Market by Type, by Application, by Region; Size and Forecast, 2018-2025” report has been added to ResearchAndMarkets.com’s offering.
This report provides analysis for the period 2013-2025, wherein the period from 2018 to 2025 is the forecast period and 2017 as base year
The market study reveals that the global automotive plastic market is expected to grow with a CAGR over 12% during 2018-2025 in terms of value. The market is expected to reach around USD 59 billion by 2025.
This growth is driven by a number of reasons such as, growing demand for light weight vehicles among automotive manufacturers, high investment on electric vehicles coupled with easy availability of automotive plastic via stores & e-commerce channels etc.
The global automotive plastic market is dominated by a number of players, amongst them the major players are SABIC, BASF SE, LG CHEM, etc.
Companies in this industry are following different strategies to strengthen their market position. For instance, DSM has collaborated with Toyota to supply engineering plastic and materials this strategic initiative had helped DSM to gain competitive advantage over other market players.
Other market players which hold about 31% market share involves small and medium sized industrial players, these companies plays major role in industrial value chain.
Key FindingsThe demand for global automotive plastic market is expected to grow at the fastest rate, during forecast period. Automotive Plastic is witnessing tremendous growth due to factors as availability of raw materials, shifting consumer preferences toward better lifestyle emerging the need for automotive vehicle, rise in the demand for electrical vehicles, flexibility and sturdiness of the plastics, cost efficiency of the plastics and recyclability. Global automotive plastic market is expected to grow with CAGR over 12% & 10% by value and volume respectively, during the forecast period, 2018-2025 Polypropylene has been the largest revenue contributor to the global automotive plastic market as compared to other products. It is expected to grow with CAGR over 14% by value and with CAGR over 11% by volume during the forecast period, 2018-2025 Global automotive plastic market from various applications is estimated to grow with a CAGR over 10% over the period of 2018-2025 with Interior & Exterior Furnishing having highest contribution
Key StakeholdersExxonMobil Corporation BASF SE Evonik Industries AG LG CHEM DowDupont SABIC
Companies ProfiledBASF SE Evonik Industries AG LG CHEM SABIC Koninklijke DSM N.V. DowDupont RTP Company AkzoNobel N.V. Asahi Kasei Plastics Teijin Ltd. Covestro AG Lanxess Borealis AG ExxonMobil Corporation Quadrant AG
Key Topics Covered
1. Research Framework
2. Assumptions & Research Methodology
3. Executive Summary
4. Automotive Plastic Industry Insights
5. Global Automotive Market Overview
6. Automotive Plastic Market, by Product
7. Automotive Plastics Market, by Application
8. Automotive Plastics Market, by Region
9. Company Profiles
10. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/research/szc7dz/global_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181214005154/en/
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Related Topics:Automotive Interior Components,Automotive Materials
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/14/2018 06:02 AM/DISC: 12/14/2018 06:02 AM