DUBLIN--(BUSINESS WIRE)--The "Global Automotive Plastics Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the global automotive plastics market looks promising with opportunities in the passenger cars, light commercial vehicles, and heavy commercial vehicles.
The global automotive plastics market is expected to reach an estimated $25.2 billion by 2023 and it is forecast to grow at a CAGR of 2.6% from 2018 to 2023.
The major drivers of growth for this market are increasing demand for lightweight materials for OEMs to reduce vehicle weight in response to stringent government regulations on fuel economy. Other major driver includes growth of the global vehicle production which is expected to grow at a CAGR of 2.5% during the forecast period and to reach 113 million units by 2023.
Emerging trends, which have a direct impact on the dynamics of the automotive plastics industry, include development of recycling technologies for plastics and replacement of PA 66 with cheaper and advanced PA 6.
The study includes the automotive plastics market size and forecast for the global automotive plastics market through 2023, segmented by polymer, vehicle type, application, and region.
Some of the automotive plastics companies profiled in this report include BASF, Lyondellbassell, Du Pont. Co, Borealis AG, Dow Chemicals, solvay, DSM, SABIC, EXXON Mobile and Arkema and others.
On the basis of its comprehensive research, the research forecasts that the polypropylene, polyurethane, and polyamide segments will show above average growth during the forecast period.
Passenger car, light commercial vehicle, and heavy commercial vehicle are the major vehicle segments of the global automotive plastics market. The passenger car segment is expected to show above average growth during the forecast period due to increasing plastic content per vehicle in emerging applications like oil pans, wheel rims, and battery trays.
Europe is expected to remain the largest region due to increasing use of plastic content per vehicle coupled with stringent government regulations to reduce carbon emissions and to increase fuel efficiency.
Key Topics Covered
1. Executive Summary
2. Automotive Plastics Market Background and Classifications
3. Market Trends and Forecast Analysis from 2012 to 2023
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
- Du Pont. Co
- Borealis AG
- Dow Chemicals
- EXXON Mobile
For more information about this report visit https://www.researchandmarkets.com/research/3fsxfj/global_automotive?w=4