1 / 5

Automotive Plastics Market Trends and Forecast to 2020

The global market for automotive plastics is expected to reach USD 41.49 billion by 2020, according to a new study by Grand View Research, Inc. Shift in trend towards reducing the overall weight of automobiles in both developed and emerging markets is expected to drive the market for automotive plastics over the forecast period. More information visit http://www.grandviewresearch.com/industry-analysis/automotive-plastics-market

elina23
Download Presentation

Automotive Plastics Market Trends and Forecast to 2020

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. Global Automotive Plastics Market Expected to Reach USD 41.49 Billion by 2020 Grand View Research has announced the addition of "Global Automotive Plastics Market Analysis And Segment Forecasts To 2020" Market Research report to their Database

  2. The global market for automotive plastics (http://www.grandviewresearch.com/industry-analysis/automotive-plastics-market) is expected to reach USD 41.49 billion by 2020, according to a new study by Grand View Research, Inc. Shift in trend towards reducing the overall weight of automobiles in both developed and emerging markets is expected to drive the market for automotive plastics over the forecast period. However, volatile raw material prices are expected to remain a key challenge for market participants. Polypropylene emerged as the leading product segment and accounted for 37.6% of total market volume in 2013, followed by polyurethane at 16%. Polyurethane is also expected to be the fastest growing product segment, at an estimated CAGR of 9.9% from 2014 to 2020. The report “Automotive Plastics Market Analysis By Product (Polypropylene, Polyurethane, HDPE, LDPE, ABS, Polycarbonate, Composites), By Application (Interior, Exterior & Under Bonnet) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/automotive-plastics-market

  3. Further key findings from the study suggest: • Global automotive plastics demand was 7,962.1 kilo tons in 2013 and is expected to reach14,851.0 kilo tons by 2020, growing at a CAGR of 9.4% from 2014 to 2020. • Electrical components were the most dominant application for automotive plastics as the segment accounted for 37% of total market volume in 2013. Electrical components were followed by interior and exterior furnishings at 32.8% of total market volume in the same year. Power trains are expected to be the fastest growing application market for automotive plastics at an estimated CAGR of 10.4% from 2014 to 2020. • Asia Pacific continued its dominance in the global automotive plastics industry and accounted for 53.2% of total market volume in 2013 and is expected to continue leading the market over the forecast period. Asia Pacific along with the largest market is also expected to be one of the fastest growing markets for automotive plastics, at an estimated CAGR of 10.0% from 2014 to 2020. Growth of automotive industry particularly in emerging markets of China and India is expected to fuel the regional demand for automotive plastics. • The global market for automotive plastics is fairly concentrated with top four companies including BASF, Johnson Control Inc., Evonik Industries and AkzoNobel accounting for justover 55% of total market in 2013. Other key companies operating in the global market include Delphi Automotive PLC, Solvay Plastics, DIC Corporation and Magna International Inc. For More http://www.grandviewresearch.com/industry-analysis/automotive-plastics-market

  4. Request free sample of this reporthttp://www.grandviewresearch.com/industry-analysis/automotive-plastics-market/request For the purpose of this study, Grand View Research has segmented the automotive plastics market on the basis of product, application and region: • Global Automotive plastics Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020) • Polypropylene • Polyurethane • HDPE • LDPE • ABS • Polycarbonate • Composites • Global Automotive plastics Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020) • Power Trains • Electrical Components • Interior and Exterior Furnishings • Under the Hood • Chassis • Others • Global Automotive plastics Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020) • North America • Europe • Asia Pacific • RoW

  5. Browse all reports http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials About Grand View Research: Grand View Research, Inc. is a market research and consulting company that provides off-the- shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/ Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com

More Related