Connect with us

Research Reports

Automotive Plastic Market Estimated To Reach USD 67.51 Billion By 2026 – Reports And Data

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…

The post Automotive Plastic Market Estimated To Reach USD 67.51 Billion By 2026 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

gbaf1news

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. Lightweight seats, instrument panels, sound control fabrics, the headliner, dash and door panels are made with modern polymer combinations

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1685

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)

  • Polypropylene
  • Polyurethane
  • Polyvinyl Chloride
  • ABS
  • other
  • Polyamide
  • HDPE
  • Polycarbonate
  • PBT

By Applications (Revenue, USD Million; 2016–2026)

  • Interior
  • Exterior
  • Electric component
  • Under Bonnet

Regional Outlook (Revenue in USD Million; 2016–2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America
    • Brazil

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1685

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Piperylene Market Size, Share & Trends Analysis Report By Type coverage (?40% Purity, 40% -65% Purity, ?65% Purity), By Application (Adhesives, Paints, Rubber and Others), By Region, Competitive Strategies and Segment Forecasts for 2016 – 2026

Caprylic Acid Market Size, Share & Analysis, By Raw Material (Coconut Oil, Palm Oil, Mammal Milk, Others), By Application (Personal Care, Pharmaceutical, Food & Beverages), And By Region, Global Forecast To 2028

Hydrogen Sulfide (H2S) Scavenger Market Size by Types (Regenerative, Non-Regenerative), Chemistry (water-soluble, oil-soluble, metal-based), End-user, Share & Trends Analysis Report By Region, Competitive Strategies and Segment Forecasts for 2016-2026

Methyl Silicone Resin Market By Product Type (Flakes, Powder, And Liquid), By Application (Automotive, Electrical And Electronics, Paints And Coatings, Consumer Goods, And Industrial), And Region – Global Forecast To 2027

Latex Powder Market Information By Type (VAE Type, VAE-Veo Va Type, Others), By Application (Exterior Insulation And Finish Systems (EIFS), Construction And Tile Adhesives, Putty Powder, Dry-Mix Mortars, Self-Leveling Flooring Compounds, Caulks, Others), By Region, Forecast To 2027

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.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Releasehttps://www.reportsanddata.com/press-release/global-automotive-plastic-market

The post Automotive Plastic Market Estimated To Reach USD 67.51 Billion By 2026 – Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now