Automotive Plastics Market

1. Automotive Plastics Market Growth, COVID Impact, Trends Analysis Report Forecast to 2032 According to the study at Future Market Insights (FMI), the global automotive plastic market is expected to secure US$ 28.5 Billion in 2022 and reach US$ 45 Billion by 2032. During the forecast period from 2022-2032, the market is likely to display a CAGR of 4.67%. The growth of the market can be attributed to the manufacturers’ increasing focus on reducing vehicle weight. Players in the industry are taking various initiatives to strengthen their position in the market during the assessment period. For instance, in 2021, Covestro AG rolled out a new product, recycled Polyethylene Terephthalate (rPET). The recycled PET has been optimized for 3D pellet printing. This technology is also called fused granulate fabrication (FGF). It allows for speedy and economically viable additive manufacturing of large-size parts. Governments across the globe are focusing to curb emissions and introduce fuel economy regulations for vehicles. Implementations of such regulations have forced automotive OEMs to boost the application of lightweight materials like plastics. Advanced plastics aid in ensuring the fuel economy of a vehicle while assuring safety and performance. Download Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-BR-81 Key Takeaways from the Study:  The global automotive plastic market is expected to secure US$ 28.5 Billion by 2022  The global automotive plastic market is anticipated to display a CAGR of 4.67% by 2032  The global automotive plastic market is projected to hold a value worth US$ 45 Billion by 2032  China is expected to have claimed 69% of the global automotive plastic market revenue  The Interior Furnishing segment is likely to have claimed about 30% of the global automotive plastic market revenue in 2021 Competition Analysis Key players in the global automotive plastic market include LyondellBasell Industries Holdings B.V, Evonik Industries, BASF SE, Arkema Group, DuPont de Nemours, Inc., The Dow Chemical Company, Hexion Inc., Momentive Performance Materials, Hanwha Group, Saudi Basic Industries Corporation (SABIC), Formosa Plastics, Sumitomo Chemical Co., Ltd., Mitsui Chemicals, Inc., Zoltek, Covestro AG, and Eastman Chemical Company. More Valuable Insights Future Market Insights, in its new offering, presents an unbiased analysis of the global automotive plastic market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032. The study reveals essential insights on the basis of Material Type (Polypropylene (PP), Polyurethane (PUR), Acrylonitrile Butadiene Styrene (ABS), Polyvinyl Chloride (PVC), Polyethylene (PE), Polystyrene

2. (PS), Polycarbonate (PC), Polyamide (PA), Acrylic (PMMA etc.), Plastic Composites, Others), by Application (Interior Components, Exterior Components Frame), By End Use (Conventional Vehicles, Electric Vehicles), Region (North America, Europe, Asia Pacific, Middle East Africa, and Latin America). Browse latest Market Reports@  https://www.futuremarketinsights.com/category/chemicals-and-materials