Automotive Plastics Market for Passenger Cars by Type, Application And Region - Global Forecast to 2023

Automotive Plastics Market for Passenger Cars by Type, Application And Region - Global Forecast to 2023

  • August 2018 •
  • 137 pages •
  • Report ID: 3169899 •
  • Format: PDF
The automotive plastics market for passenger cars is projected to grow at a CAGR of 10.9%
The automotive plastics market for passenger cars is projected to grow from USD 28.20 billion in 2018 to USD 47.33 billion by 2023, at a CAGR of 10.9% during the forecast period. Increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market for automotive plastics in passenger cars. Automotive plastics are used in automobiles for weight reduction, improving aesthetics, vibration & noise control, and cabin insulation. Various stringent regulations imposed on emissions may act as a huge opportunity for the automotive plastics market for passenger cars. However, volatility in raw material prices may pose a threat to the growth of the market.

The interior application segment is expected to lead the automotive plastics market for passenger cars during the forecast period, in terms of value
By application, the interior segment is expected to lead the market during the forecast period.The demand for automotive plastics for interior components is expected to increase mainly due to a higher emphasis on lightweight and fuel-efficient vehicles.

With improving economic conditions, the demand is expected to gain further momentum.Automotive plastics in the interior design of a passenger car serve various purposes.

For instance, they make the automobile less bulky, thus reducing carbon emissions and improving fuel economy, and enhance the aesthetic appeal, thereby driving the automotive plastics market.

The APAC automotive plastics market for passenger cars is projected to grow at the highest CAGR between 2018 and 2023, in terms of both value and volume
The automotive plastics market for passenger cars has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa.The Asia Pacific region is expected to lead the automotive plastics market for passenger cars during the forecast period, owing to the increasing demand from emerging economies, such as China, India, and Thailand.

Additionally, the presence of major automotive manufacturing companies and OEMs is expected to further contribute to the growth of the automotive plastics market for passenger cars in the region. Among regions, the Asia Pacific automotive plastics market for passenger cars is projected to grow at the highest CAGR between 2018 and 2023, in terms of value.

Breakdown of Primaries:
Primary interviews have been conducted with a number of industry experts to obtain information related to the automotive plastics market for passenger cars. The breakdown of primary interviews has been depicted below:
• By Company Type: Tier 1 - 30%, Tier 2 - 43%, and Tier 3 - 27%
• By Designation: C-Level Executives - 21%, Directors - 23%, and Others - 56%
• By Region: Asia Pacific - 41%, North America – 30%, Europe - 18%, and RoW - 11%

Key companies supplying automotive plastics for passenger cars are:
• Magna International Inc. (Canada)
• Lear Corporation (US)
• Adient plc (Ireland)
• BASF SE (Germany)
• Compagnie Plastic Omnium (France)
• Borealis AG (Austria)
• Covestro AG (Germany)
• Evonik Industries AG (Germany)
• SABIC (Saudi Arabia)
• Grupo Antolin-Irausa S.A. (Spain)

Research Coverage
This report segments the automotive plastics market for passenger cars on the basis of product type, application, and region.It provides estimations for the overall value of the automotive plastics market for passenger cars and its subsegments across various regions.

A detailed analysis of key players operating in the automotive plastics market for passenger cars has been conducted to provide insights into their businesses, products & services offered, key growth strategies adopted, and recent developments undertaken by them, such as expansions, acquisitions, agreements, collaborations, and new product launches.

Reasons to Buy the Report:
This report is expected to help leaders/new entrants in the automotive plastics market for passenger cars in the following ways:
• Provide a better understanding of the automotive plastics market for passenger cars
• Provide information on the drivers, restraints, challenges, and opportunities influencing the growth of the automotive plastics market for passenger cars
• Gain insights regarding competitors and their positions in the automotive plastics market for passenger cars
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.