Automotive Plastics Market Research and Forecast Report 2023-2028

1. Global Automotive Plastics Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Automotive Plastics Market Research Report: The latest report by IMARC, titled “Automotive Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” finds that the global automotive plastics market size reached US$ 40.6 Billion in 2022. Automotive plastics are specialty materials designed to improve vehicle performance, safety, structure, aesthetics, and functionality. Some commonly used automotive plastics include polyurethane (PU), polyvinyl chloride (PVC), polypropylene (PP), acrylonitrile butadiene styrene (ABS), nylon, polyethylene (PE), polyoxymethylene (POM), and polycarbonate (PC). They help enhance design flexibility, extend the life of automobiles, lower manufacturing costs, and facilitate the integration of components. They also assist in reducing the weight of vehicles by replacing heavy materials, such as metal and glass, to improve fuel efficiency and save energy. As a result, automotive plastics are widely employed in manufacturing dashboards, fuel tanks, carpet fibers, wheel covers, suspension bushings, headlamp lenses, truck bed liners, mud flaps, bumpers, and gears. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/automotive-plastics-

4. Report Description and Highlights Report Description Global Automotive Plastics Market Trends: The surging sales of luxury and premium cars due to inflating consumer expenditure capacities, elevating living standards, and rapid urbanization represents the primary factor driving the market growth. Besides this, the growing adoption of electric and hybrid vehicles (EVs/HVs) owing to the rising environmental concerns has augmented the demand for automotive plastics. In addition, governments of various countries are implementing stringent fuel economy and emission regulations for vehicles, which have compelled automakers to adopt lightweight materials, such as plastics, for weight reduction. Along with this, the shifting consumer inclination toward the lightweight, fuel- efficient, and affordable automobiles has accelerated the adoption of automotive plastics. Furthermore, several key players are investing in research and development (R&D) activities to formulate new, advanced, high-performance plastics for the expanding automotive industry. In line with this, the increasing adoption of recycled plastics for manufacturing seat cushions, replacement bumpers, splash guards, and wheel liners has catalyzed market growth. Apart from this, the surging use of bio-based plastics and polymers instead of fossil-based plastics to reduce carbon footprint and promote sustainability is contributing to market growth. Other factors, including the rising usage of nylon to fabricate seat belts and airbags owing to its tear- resistant properties, rapid expansion in the plastics industry, and technological advancements, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market value to reach US$ 53.9 Billion by 2028, growing at a CAGR of 4.5% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Breakup by Vehicle Type: • Conventional and Traditional Vehicles • Electric Vehicles Breakup by Material: • Polyethylene (PE) • Polypropylene (PP) • Polyvinyl Chloride (PVC) • Acrylonitrile Butadiene Styrene (ABS) • Polyurethane (PU) • Polymethyl Methacrylate (PMMA) • Polycarbonate (PC) • Polyamide • Others Breakup by Application: • Powertrain • Electrical Components

6. Report Description and Highlights Report Description • Interior Furnishings • Exterior Furnishings • Under the Hood • Chassis Breakup by Region: • North America • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France

7. Report Description and Highlights Report Description • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • Asahi Kasei Corporation BASF SE Borealis AG Covestro AG Dow Inc. Koninklijke DSM N.V. Lanxess AG Lear Corporation LyondellBasell Industries N.V. Saudi Basic Industries Corporation Solvay S.A Teijin Limited View Full Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-plastics- market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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