World News: 09:40 GMT Thursday 12th July 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, July 12, 2018 (GLOBE NEWSWIRE) -- The report has been added to 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 $25.2 billion by 2023 and it is forecast to grow at a CAGR of 2.6% from 2018 to 2023.
The major drivers of growth for this market are increasing demand for lightweight materials for OEMs to reduce vehicle weight in response to stringent government regulations on fuel economy. Other major driver includes growth of the global vehicle production which is expected to grow at a CAGR of 2.5% during the forecast period and to reach 113 million units by 2023. Emerging trends, which have a direct impact on the dynamics of the automotive plastics industry, include development of recycling technologies for plastics and replacement of PA 66 with cheaper and advanced PA 6.
Some of the automotive plastics companies profiled in this report include BASF, Lyondellbassell, Du Pont. Co, Borealis AG, Dow Chemicals, solvay, DSM, SABIC, EXXON Mobile and Arkema and others. On the basis of its comprehensive research, the research forecasts that the polypropylene, polyurethane, and polyamide segments will show above average growth during the forecast period. Passenger car, light commercial vehicle, and heavy commercial vehicle are the major vehicle segments of the global automotive plastics market. The passenger car segment is expected to show above average growth during the forecast period due to increasing plastic content per vehicle in emerging applications like oil pans, wheel rims, and battery trays. Europe is expected to remain the largest region due to increasing use of plastic content per vehicle coupled with stringent government regulations to reduce carbon emissions and to increase fuel efficiency.
Automotive Plastics Market by Vehicle Type ($ Million and million pounds from 2012 to 2023)
Automotive Plastics Market by Application ($ Million and million pounds from 2012 to 2023)
Automotive Plastics Market by Application ($ Million and million pounds for 2017)
Automotive Plastics Market by Region ($ Million and million pounds from 2012 to 2023)
1. Executive Summary 2. Automotive Plastics Market Background and Classifications2.1: Introduction, Background and Classification2.2: Supply Chain2.3: Industry Drivers and Challenges 3. Market Trends and Forecast Analysis from 2012 to 20233.1: Macroeconomic Trends and Forecasts3.2: Global Automotive Plastics Market Trends and Forecast3.3: Global Automotive Plastics Market by Polymer3.3.1: Polypropylene3.3.2: Polyurethane3.3.3: Polyamide3.3.4: Polyvinyl chloride (PVC) 3.3.5: Acrylonitrile Butadiene Styrene (ABS)3.3.6: Polycarbonates 3.3.7: Polyethylene3.3.8: PMMA 3.3.9: Other Plastics3.2: Global Automotive Plastics Market by Application3.2.1: Interior 3.2.2: Exterior 3.2.3: Under the Hood 3.2.4: Electrical Components3.3: Global Automotive Plastics Market by Vehicle Type3.3.1: Passenger Cars 3.3.2: Light Commercial Vehicles3.3.3: Heavy Commercial Vehicles 4. Market Trends and Forecast Analysis by Region4.1: Global Automotive Plastics Market by Region4.2: North American Automotive Plastics Market4.2.1: North American Automotive Plastics Market by Polymer 4.2.2: North American Automotive Plastics Market by Vehicle Type4.2.3: North American Automotive Plastics Market by Application4.2.4: The US Automotive Plastics Market4.2.5: Mexican Automotive Plastics Market4.2.6: Canadian Automotive Plastics Market4.3: European Automotive Plastics Market4.3.1: Market by Polymer: Polyamide, Polypropylene, and Other Plastics4.3.2: European Automotive Plastics Market by Vehicle Type4.3.3: European Automotive Plastics Market by Application4.3.4: German Automotive Plastics Market4.3.5: Russian Automotive Plastics Market4.3.6: French Automotive Plastics Market4.3.7: The United Kingdom Automotive Plastics Market 4.3.8: Italian Automotive Plastics Market4.4: APAC Automotive Plastics Market4.4.1: APAC Automotive Plastics Market by Polymer4.4.2: APAC Automotive Plastics Market by Vehicle Type4.4.3: APAC Automotive Plastics Market by Application4.4.4: Chinese Automotive Plastics Market4.4.5: Japanese Automotive Plastics Market4.4.6: Indian Automotive Plastics Market4.4.7: South Korean Automotive Plastics Market4.4.8: Indonesian Automotive Plastics Market4.5: ROW Automotive Plastics Market4.5.1: ROW Automotive Plastics Market by Polymer4.5.2: ROW Automotive Plastics Market by Vehicle Type4.5.3: ROW Automotive Plastics Market by Application 4.5.4: Turkish Automotive Plastics Market4.5.5: Brazilian Automotive Plastics Market 5. Competitor Analysis5.1: Product Portfolio Analysis5.2: Market Share Analysis5.3: Operational Integration5.4: Porter's Five Forces Analysis 6. Growth Opportunities and Strategic Analysis6.1: Growth Opportunity Analysis6.1.1: Growth Opportunities for the Global Automotive Plastics Market by Polymer6.1.2: Growth Opportunities for the Global Automotive Plastics Market by Vehicle Type 6.1.3: Growth Opportunities for the Global Automotive Plastics Market by Application6.1.4: Growth Opportunities for the Global Automotive Plastics Market by Region6.2: Emerging Trends in the Global Automotive Plastics Market6.3: Strategic Analysis6.3.1: New Product Development6.3.2: Capacity Expansion of the Global Automotive Plastics Market6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Plastics Market6.3.4: Certification and Licensing 7. Company Profiles of Leading Players7.1: BASF SE7.2: E I Du Pont De Nemours and Co.7.3: The Dow Chemical Company7.4: Solvay Plastics7.5: Royal DSM7.6: Borealis AG7.7: LyondellBassel Industries NV7.8: SABIC7.9: Exxon Mobil7.10: Arkema SA
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Related Topics: Automotive Interior Components, Automotive Materials
Globe Newswire: 09:40 GMT Thursday 12th July 2018
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