Research and Markets: Global Automotive Plastics Industry 2014-2019: Trend, Forecast, and Opportunity Analysis
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n7dg7z/global_automotive) has announced the addition of the "Global Automotive Plastics Industry 2014- 2019: Trend, Forecast, and Opportunity Analysis" report to their offering.
“Global Automotive Plastics Industry 2014- 2019: Trend, Forecast, and Opportunity Analysis”
The global automotive plastics industry is expected to reach an estimated value of $22.2 billion by 2019
The major drivers of automotive plastics industry are the increasing demand of lightweight materials, government regulations, and improvements in vehicle design. Asia Pacific is leading the global automotive plastics industry with strong growth in vehicle production.
This report provides an analysis of the global automotive plastics industry including market trend, company profiles, cost structure, growth opportunities, key drivers, and emerging trends in the industry. The study also includes global commercial aerospace seating market trends and forecasts through 2019, segmented by regions and by product type as follows:
Automotive Plastics Industry by Product Type:
- Polyvinyl Chloride
- Acrylonitrile Butadiene Styrene
- Polymethyl Methacrylate
On the basis of its comprehensive research, the author forecasts that automotive plastics industry will grow significantly during 2014-2019. Polyproplyne was the major segment in the automotive plastics industry by volume in 2013, and it is expected to remain the same during the forecast period. Increasing utilization of plastics in vehicle design and revival in vehicle production are going to increase the demand of automotive plastics industry.
Plastic helps auto manufacturers to reduce its production and assembly costs and produce more attractive, yet more appealing functional designs. Growing demand of vehicles from emerging economies, such as China, India, and Latin American countries is anticipated to boost the industry. Volatile raw materials prices and huge investment in new material research activities are the major challenges faced by the industry players. Biodegradable plastics, such as PHA, PCL and PBS, offer a better opportunity to the major players in the automotive plastics industry.
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