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Asia Pacific Automotive Plastics Market share 2024

Asia Pacific Automotive Plastics Market share is projected to reach $25 Billion by 2024, increasing production of passenger vehicles along with manufactureru2019s inclination towards reducing vehicle weight should drive Asia Pacific automotive plastics market demand.

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Asia Pacific Automotive Plastics Market share 2024

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  1. Asia Pacific Automotive Plastics Market size to exceed USD 25 bn by 2024: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Key Insights from Asia Pacific Automotive Plastics Market : • Graphical Research says, Asia Pacific Automotive Plastics Market to Cross $25 bn by 2024. • Shifting trends towards more fuel-efficient vehicles and increase in usage of plastic & polymer composites in lightweight vehicles may boost automotive plastics market demand in the region. • Growing environmental concerns due to GHG emission has stimulated automotive manufacturers to focus on fuel efficient and lightweight vehicles manufacturing. • Japan PVC based automotive plastics market demand may witness gains at over 9.5% in the predicted timeframe. These products find usage in various applications such as door panels seating, dashboard, arm rest and exterior parts. • India polycarbonates based automotive plastics market was valued at over USD 20 million in 2017. These products are commonly used in security screens, aircraft panels, bumpers, spectacle lens and headlamp lenses on account of their excellent weather and UV resistance which may stimulate market growth. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Continued... • Indonesia automotive plastics market size from power train applications may show significant gains exceeding 12% in the forecast period. These products help to reduce the number of parts needed to assemble complex components and are increasingly used to manufacture seal rings, transmission oil pans, air intake manifolds, air ducts, & suction pipes. • The requirement of non-renewable raw materials such as natural gas and petroleum along with energy-intensive production techniques & the lack of product standardization may hamper Asia Pacific automotive plastics market growth. • Adient, BASF, Bayer, Borealis and Celanese are some prominent manufacturers in the competitive market of Asia Pacific automotive plastics. Companies are focusing on acquisitions to expand their product portfolio & market share market share along with indulging in production capacity expansions in order to meet rising product demand. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Browse Full Market Research Report @ https://bit.ly/2Q3BIDx Request for a Sample of this Research Report @ https://bit.ly/2ITnMgK ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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