Le Lézard
Classified in: Transportation
Subject: SVY

Automotive Plastics Market for Passenger Cars Worth $47.33 Billion by 2023


PUNE, India, August 20, 2018 /PRNewswire/ --

According to a new market research report "Automotive Plastics Market for Passenger Cars by Type (Polypropylene, Polyurethane, Polyvinyl Chloride, ABS, Polyamide, HDPE, Polycarbonate, PBT), Application (Interior, Exterior, Under Bonnet), and Region - Global Forecast to 2023", published by MarketsandMarketstm, the Automotive Plastics Market for Passenger Cars is projected to reach USD 47.33 billion by 2023, at a CAGR of 10.9% from 2018 to 2023. The Automotive Plastics Market for Passenger Cars is projected to grow from USD 28.20 billion in 2018 to USD 47.33 billion by 2023, at a CAGR of 10.9% during the forecast period. Owing to stringent regulations regarding carbon emissions and price-sensitive demand, automotive manufacturers prefer automotive plastics in their designs, thus driving the growth of the automotive plastics for passenger cars across regions.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 103 market data Tables and 38 Figures spread through 136 Pages and in-depth TOC on "Automotive Plastics Market for Passenger Cars"

https://www.marketsandmarkets.com/Market-Reports/automotive-plastics-market-passenger-cars-506.html
Early buyers will receive 10% customization on this report

The polyamide type segment is projected to grow at the highest CAGR during the forecast period, in terms of value. 

By type, the polyamide segment of the Automotive Plastics Market for Passenger Cars is projected to grow at the highest CAGR from 2018 to 2023, in terms of value. Polyamide is commonly known as nylon and finds major usage in automotive components due to its excellent mechanical properties and flexibility. Polyamides are increasingly being used in combination with other thermoplastics, such as polyphenylene ether (PPE), to enhance the performance of automotive plastics, resulting in their increasing demand.

Get PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=506

The under bonnet application segment is projected to grow at the highest CAGR during the forecast period, in terms of value. 

By application, the under bonnet segment is projected to grow at the highest CAGR between 2018 and 2023, in terms of value. The demand for automotive plastics for use in the under bonnet of passenger cars is expected to increase owing to the replacement of conventional materials used in under bonnet components with plastics and composites. Additionally, the high insulating properties of plastics provide huge opportunities for the advancement of under bonnet applications.

Asia Pacific is estimated to account for the largest share of the Automotive Plastics Market for Passenger Cars during the forecast period, in terms of value. 

The Automotive Plastics Market for Passenger Cars has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is estimated to account for the largest share of the Automotive Plastics Market for Passenger Cars and is also projected to grow at the highest CAGR during the forecast period, in terms of value. The growth of the Asia Pacific Automotive Plastics Market for Passenger Cars can be attributed to the increasing demand for plastic materials for passenger vehicles from various countries of the region, such as China, India, and Thailand. There has been an increasing demand for lightweight automotive components from Asia Pacific countries, which, in turn, will lead to the growth of the Asia Pacific Automotive Plastics Market for Passenger Cars.

Key players operating in the Automotive Plastics Market for Passenger Cars include Magna International Inc. (Canada), Lear Corporation (US), Adient plc (Ireland), BASF SE (Germany), Compagnie Plastic Omnium (France), Borealis AG (Austria), Covestro AG (Germany), Evonik Industries AG (Germany), SABIC (Saudi Arabia), and Grupo Antolin-Irausa S.A. (Spain).

Know more about Automotive Plastics for Passenger Cars Market:
https://www.marketsandmarkets.com/Market-Reports/automotive-plastics-market-passenger-cars-506.html

About MarketsandMarketstm  

MarketsandMarketstm provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketstm for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarketstm are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketstm now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketstm is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarketstm INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/automotive-plastics-market-passenger-cars.asp

Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets


These press releases may also interest you

at 02:00
- Hoping Guests Will Experience New Value of Traveling in Japan - Sumitomo Fudosan Villa Fontaine Co., Ltd., a Sumitomo Realty Group, has begun offering guestrooms featuring Japan Airlines, a major Japanese carrier, Hatsune Miku, LINE FRIENDS, and...

28 mar 2024
On Tuesday March 26, 2024, DeLorean Motor Company, represented by intellectual property and entertainment attorney, Roger N. Behle, Jr. of Foley Bezek Behle & Curtis, filed documents in California federal court announcing the settlement of DeLorean...

28 mar 2024
The Greater Toronto Airports Authority ("GTAA") today reported its financial and operating results for 2023.  Passenger activity significantly increased by 9.2 million, or 25.8 per cent, from 35.6 million to 44.8 million in 2023, when compared to...

28 mar 2024
Quhuo Limited ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the second half and full year 2023 before the open of the...

28 mar 2024
Magna International Inc. today announced that its 2023 Annual Report, including Management's Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company's...

28 mar 2024
TuanChe Limited ("TuanChe" or the "Company") , a leading integrated automotive marketplace in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission...



News published on and distributed by: