San Francisco, California (PRWEB) July 24, 2014
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. 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 at http://www.grandviewresearch.com/industry-analysis/automotive-plastics-market.
Request free sample of this report at http://www.grandviewresearch.com/industry-analysis/automotive-plastics-market/request.
Further key findings from the study suggest:
Browse all reports of this category at http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials.
For the purpose of this study, Grand View Research has segmented the automotive plastics market on the basis of product, application and region:
Browse all upcoming reports of Grand View Research at http://www.grandviewresearch.com/ongoing-reports.
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/.
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