The global Automotive plastic market was valued at USD 29.22 Billion in 2018 and is expected to reach USD 67.51 Billion by year 2026, at a CAGR of 11.1 percent. Automotive plastic market is driven by the increase in usage of the automobile, such as personal cars, lightweight commercial vehicle, increase in global population. An average car consists of 5.8% to 10% of plastics in terms of overall vehicle weight, Plastic is light weight material, as compare to metal. Plastic offer enhanced properties, such as high impact strength, it can be easy mold, improved aesthetics, and it helps in reducing weight, as compared to conventional automotive components. Increase in Global vehicle ownership per capita, in 2010 it was 148 vehicles in operation per 1000 people which is increased to 174 vehicles per 1000 people in 2013. China has the largest motor vehicle fleet in the world, with 322 million motor vehicle.
The 2017 Chevrolet Bolt has an ultra-thin innovative design Chevrolet found that plastics technology helps in reducing seatback thickness by 2 inches and mass by 6-8 pounds. Parts located close to engines should withstand high temperature environment and parts are exposed to a variety of corrosive fluids such as different lubricants and oils used in car. Conventional materials such as steel and aluminum which are used under bonnet are gradually being replaced by high-performing plastics. The 2014 Chevrolet Corvette introduce new innovative door trim technology reliant on plastics thermoplastic polyolefin material specifically developed for this application, the result is a door-trim skin, foil that offers lower abrasion and less scratch & marks, resulting in reduced cost and weight.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1685
Key participants include Magna International Inc., Covestro AG, Borealis AG, Compagnie Plastic Omnium, Adient plc, Lear Corporation, Evonik Industries AG, SABIC, Grupo Antolin-Irausa S.A., Teijin Ltd., Royal DSM N.V., Johnson Controls International PLC, Momentive Performance Materials
Further key findings from the report suggest
- Asia Pacific region is expected to grow and reach USD 31.25 Billion because of increase in population in major economy such as China and India, and Increase in number of vehicle usage help in the growth of the Automotive plastic Market
- China has the largest motor vehicle users in the world it accounts to 322 million motor vehicles registered at the end of September 2018, which indicate toward the necessity of road marking which can guide the traveler about rules and safety
- The United States comes to the second position for the motor vehicles in the world after China. The European union member countries in 2009, had an estimated ownership rate of 473 passenger cars per 1000 people
- Plastics used in Automotive accounted to about 5.8% to 10% of the weight of vehicle but it is about 50% of the volume.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/automotive-plastic-market
Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Automotive plastic market on the basis of Types, Applications and region:
By Types (Revenue, USD Million; 2016–2026)
- Polyvinyl Chloride
By Applications (Revenue, USD Million; 2016–2026)
- Electric component
- Under Bonnet
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1685
Reasons for Buying this Report:
- The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
- The study provides pin-point analysis for changing competitive dynamics.
- The report helps readers in understanding the product segments and their future growth.
- Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
- PEST analysis of the market in the five major regions.
Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
- Rest of the Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/press-release/global-automotive-plastic-market
Explore Reports and Data's Prime Analysis of the global Materials and Chemicals Industry:
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Read More Related Reports:
Tags: Automotive Plastic Market Share, Automotive Plastic Market Worth, Automotive Plastic Market Growth, Automotive Plastic Market Trends, Automotive Plastic Market Forecast, Automotive Plastic Market
See Campaign: https://www.reportsanddata.com/report-detail/automotive-plastic-marketContact Information:John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com/
Direct Line: +1-212-710-1370
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports