DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automotive Plastics Market Analysis By Product (ABS, PP, PU, PVC, PE, PC, PMMA, PA), By Application (Powertrains, Electrical Components, Interior Furnishings, Exterior Furnishings, Chassis), And Segment Forecasts, 2014 - 2025" report to their offering.
The global automotive plastics market is expected to reach USD 68.5 billion by 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.
Stringent regulations such as the Corporate Average Fuel Economy (CAFE) in North America have compelled automobile OEMs to seek alternative methods of vehicular weight reduction in order to improve efficiency. Light weight is likely to remain a crucial factor for complying with such regulations, owing to the inherent correlation between mass and fuel consumption.
Polycarbonate (PC) is expected to emerge as the fastest-growing product with an estimated CAGR of around 9.7% from 2017 to 2025. Polycarbonate offers excellent properties include weathering, optical, thermal and electrical. It also provides a unique combination of stiffness, toughness, and hardness.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Automotive Plastics Market Variables, Trends & Scope
4 Automotive Plastics Market: Product Estimates & Trend Analysis
5 Automotive Plastics Market: Application Estimates & Trend Analysis
6 Automotive Plastics: Regional Estimates & Trend Analysis
7 Competitive Landscape
8 Company Profiles
- AkzoNobel N.V.
- BASF SE
- Evonik Industries AG
- Johnson Controls
- Magna International
- Momentive Performance Materials Inc.
- Strategic initiative
- The Dow Chemical Company
- Borealis AG
- Hanwha Azdel Inc.
- Grupo Antolin
- Lear Corporation
- Owens Corning
- Quadrant AG
- Royal DSM N.V.
- Teijin Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/zg8sz9/automotive