Automotive Plastics Market

1. Automotive Plastics Market Size: Regional Outlook and Analysis 2024-2036 Research Nester published a report titled “Automotive Plastics Market: Global Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global automotive plastics market in terms of market segmentation by product, application, process, vehicle type and by region. Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market. The global automotive plastics market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e. 2023-2033. The market is segmented by vehicle type into conventional cars and electric cars. Out of these, the conventional cars segment is anticipated to garner the highest market share by 2033, owing to rising demand of passenger cars around the world. vehicles by the burgeoning population. International Organization of Motor Vehicle Manufacturers (OICA) revealed the sales of global passenger vehicles to be 53 million in 2020. Request Free Sample Copy of this Report @ https://www.researchnester.com/sample-request-4501 The global automotive plastics market is estimated to garner a noteworthy revenue by the end of 2033. The global automotive plastics market is projected to showcase growth in the coming years, on account of the increasing demand for automobile furnishings, such as light panels & displays. Additionally, manufacturers across the world are shifting from heavy metals to lightweight plastics for vehicle interiors, in order to reduce the overall weight of vehicles, which would further help increase fuel efficiency. Thus, the expansion of automotive industry is expected to bolster the sales of automotive plastics in the forecast period. Geographically, the global automotive plastics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimate to garner the

2. largest market share by the end of 2033, on the back of increased sales and production of vehicles. International Organization of Motor Vehicles, stated that the total production of vehicles in the region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report. Request for customization @ https://www.researchnester.com/customized-reports-4501 Rise in Demand and Sales of Automobiles to Drive the Market Growth In the recent years, there has been rapid developments in vehicle designing, which is expected to led a significantly high demand for automotive plastics. Moreover, growing preference towards aesthetically appealing vehicle interiors are encouraging automotive manufacturers to adopt these polymers in vehicles. Additionally, the usage of polymer materials such as polypropylene, polyurethane, and polyvinyl chloride helps in reducing the overall weight of the vehicle, which, in turn, improves the fuel efficiency as well. Thus, an increase in production rate of automobiles is expected to drive the market growth. However, the high cost of capital and infrastructure along with the increasing concerns regarding plastic recyclability and rising governmental policies regarding pollutants emission by vehicles is expected to operate as key restraint to the growth of the global automotive plastics market over the forecast period.

3. This report also provides the existing competitive scenario of some of the key players of the global automotive plastics market which includes company profiling of Arkema, BASF, Saudi Basic Industries Corporation, LyondellBasell Industries N.V., LG Chem, DuPont de Nemours, Inc., Covestro AG, Evonik Industries AG, Solvay Group, Borealis AG, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive plastics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future. Access our detailed report @ https://www.researchnester.com/reports/automotive-plastics- market/4501 About Research Nester- Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919