Automotive Plastic Materials Market Segmentation Analysis, Global Industry Analysis & Forecast to 2027
Global Automotive Plastic Materials Market
Automotive plastic materials are defined as high performance
plastic materials which are used in the automotive industry due to their good
mechanical properties and excellent appearance. Also, these are used in a wide
range of automotive applications in manufacturing exterior & interior
components such as doors, safety, doors, and windows, headlight hoods, and
wheel covers. The automotive plastics make cars more energy efficient by
reducing weight, along with providing, corrosion resistance, resiliency,
durability, toughness, design flexibility & high performance at a low cost.
The rise in advancements in automotive industry &
versatile property of plastic like resistance to abrasion, scratch resistance,
thermal stability & easy moldability is the key driving factor which
anticipated to boosting the global automotive plastic materials market growth
over the forecast period. Also, stringent rules and regulations towards
reducing vehicular emission will positively influence the market growth. Furthermore,
introduction of new safety features and luxury companies expected to drive the
global automotive plastic materials market growth.
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Moreover, the increase in investments in advanced production
technologies is expected to support the global automotive plastic materials market
growth during this forecast period. In addition, the growing demand for
lightweight materials from electric and hybrid vehicles expected to drive the
market growth.
High capital cost and non-degradable nature of automotive
plastics may hamper the global automotive plastic materials market growth
during this forecast timeline.
Automotive Plastic
Materials Market Segmentation
The Global Automotive Plastic Materials Market is segmented
into type such as Polyamide, Polyethylene Terephthalate, Polymethyl methacrylate,
Polycarbonates, High density polyethylene, Acrylonitrile butadiene styrene,
Polyvinyl Chloride, Polyurethanes, and Polypropylene. Further, market is
segmented into application such as Under Bonnet, Interior, and Exterior.
Also, the Global Automotive Plastic Materials Market is
segmented into five regions such as North America, Latin America, Europe, Asia
Pacific, and Middle East & Africa.
Market Key Players
Analysis
Various key players are discussed in this report such as
BASF SE, AkzoNobel N.V., Evonik Industries AG, Adient plc, Covestro AG,
Momentive Performance Materials, Inc., SABIC, Dow Inc., Hanwha Azdel Inc.,
Borealis AG, etc.
Market Taxonomy
By Type
·
Polyamide
·
Polyethylene Terephthalate
·
Polymethyl methacrylate
·
Polycarbonates
·
High density polyethylene
·
Acrylonitrile butadiene styrene
·
Polyvinyl Chloride
·
Polyurethanes
·
Polypropylene
By Application
·
Under Bonnet
·
Interior
·
Exterior
By Region
·
North America
·
Latin America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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