1 / 7

Automotive Plastics Market Size worth $53.8 Billion by 2022: Global Market Insights, Inc.

Market Size - $19.3 Billion in 2014, Market Growth - CAGR of 13.6%, Market Trends – Design versatility coupled with lightweight vehicle demand for fuel efficiency

MareeAston
Download Presentation

Automotive Plastics Market Size worth $53.8 Billion by 2022: Global Market Insights, Inc.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Automotive Plastics Market 2015 – 2022

  2. Global Market Scenario of Automotive Plastics • Automotive plastics market size is likely to exceed 18 million tons by 2022, growing at a CAGR of over 9.5% from 2015 to 2022. • The market is likely to be worth more than 52 billion by 2022, growing at an estimated CAGR of over 13.5%. • Global recovery in automotive demand, improved vehicle design and growing importance of weight reduction and emission control are likely to drive automotive plastics market size. • Growing competition in the industry has led designers to focus not only on form and function, but also on the aesthetic parameters of designing.  • https://www.gminsights.com/industry-analysis/automotive-plastics-market

  3. Continue..... • The impact of using thermoplastic elastomers for auto component manufacturing was clearly visible as it decreased the overall weight of automobiles to a great extent (almost by 40%).  • Non biodegradable property coupled with environmental concern over pollution from conventional polymers is likely to hinder growth.  • Plastics are a vital part of the new trend as they are capable of providing substantial weight reduction. Recent developments in the Corporate Average Fuel Economy (CAFE) have forced vehicle manufacturers to seek new ways to reduce fuel consumption.  • https://www.gminsights.com/industry-analysis/automotive-plastics-market

  4. Europe automotive plastics market Size, by product, 2012-2022 (Kilo Tons) https://www.gminsights.com/industry-analysis/automotive-plastics-market

  5. 360° Analysis • Application Analysis • Electrical components occupied the largest share with market valuation exceeding USD 6.5 billion in 2014.  • Regional Analysis • Asia Pacific automotive plastics market size was the largest with revenue generation exceeding USD 9.5 billion in 2014.  • Central & South America is likely to be the fastest growing with an estimated CAGR of above 10.5% up to 2022. • Competitive Market Share • he global automotive plastics market share is fairly concentrated with top five participants catering to over 50% of the total demand in 2014. BASF dominated the demand owing to enhanced product portfolio and domestic presence across various countries.

  6. Latest Research Report On Automotive Plastics market @ https://www.gminsights.com/industry-analysis/automotive-plastics-market Download Latest Report PDF @ https://www.gminsights.com/request-sample/detail/110

  7. Stay In Touch You can visit us at: www.gminsights.com

More Related