Automotive Plastics Market| Industry Trends Growth Report 2019-2024

1. Market Overview: Automotive plastics are employed in passenger cars for manufacturing automotive components such as upholstery, bumpers, internal & external trims, dashboards, and seating. R&D on the composite materials, polymers, and reinforced plastics come up with the excellent material qualities that make them suitable for under bonnet components, interior, and exterior of automobiles. These materials are selected very carefully to facilitate designers to achieve a reduction in vehicle weight, meet load-bearing needs, and enhance durability. The size of the automotive plastics market was valued at USD 27.39 in 2019. It is estimated to grow at a CAGR of 10.96% to reach around USD 46.02 billion over the forecast period. Market drivers and restraints: Demand for automotive plastics for passenger cars is growing across the globe, and automobile manufacturers are mostly focussing on lightweight vehicles, which are estimated to propel the global automotive plastics market. Automotive plastics are heavily employed in automotive designs and for different purposes such as improve aesthetics and carbon emissions. It also offers benefits such as fuel economy, reduced vehicle noise and vibration, and facilitating uni-body design, which further fuels the global market. Automotive plastics passenger cars act as an insulator for cabin air conditioner. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/automotive-plastics-market Report segmented as: By type: Polyamide polyvinyl chloride polypropylene polycarbonates HDPE PET Polyurethanes PMMA ABS By application: under bonnet interior exterior Geographical analysis:

2. The regional representation of the global automotive plastics market for passenger cars is given by North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is considered as the key market for automotive plastics due to higher demand for passenger cars in this region. Important market players: Key players operating in the global automotive plastics market are Lear Corporation, AkzoNobel N.V., Grupo Antolin-Irausa S.A., Magna International Incorporated, BASF SE, Johnson Controls, Bayer MaterialScience AG and Evonik Industries. Other players include Teijin limited, The Dow Chemical Company, Momentive Performance Materials Inc., SABIC, and Royal DSM N.V. View a sample and decide: https://www.marketdataforecast.com/market-reports/automotive-plastics-market/request- sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/