(PRWEB) December 11, 2013
According to the market research report "Automotive Plastics Market for Passenger Cars by Type (Polypropylene, Polyurethane, HDPE, ABS, Polycarbonate,& Composites), Application (Interior, Exterior & Under Bonnet) & Geography - Trends & Forecasts to 2018", the global automotive plastics revenue is expected to grow from $21,617 million in 2012 to $46,112 million by 2018 at an estimated CAGR of 13.4% from 2013 to 2018.
Browse 96 market data tables and 22 figures spread through 328 pages and in-depth TOC on “Automotive Plastics Market - Trends & Forecasts to 2018”.
Early buyers will receive 10% customization on this report.
The automotive plastics are used in the manufacture of various automotive components such as - Bumpers, Seating, Upholstery, Instrument panel, Internal and External Trims.
The researchers on light weight plastic materials such as composite materials, reinforced plastics, and polymers have come up with improved material qualities that make them suitable for use in interior, exterior, and under bonnet components of automobiles. The careful selection of these automotive plastics is very important in the industry as it enables designers to improve durability, meet load bearing requirements, and achieve reduction in vehicle weight.
In 2012, Asia-Pacific was leading in the automotive plastics consumption volume by 50.5%, followed by Europe (28%), North America (11.3%), and rest of the world (10.1%). Among these regions polypropylene leads consumption by 37%, followed by polyurethanes (PU) (17.3%), acrylonitrile butadiene styrene (ABS) (12.3%), composites (11.5%), high density polyethylene (HDPE) (10.8%), polycarbonates (PC) (6.8%), and polymethyl methacrylate (PMMA) (4.4%), due to their easy forming properties and their availability at cheaper price than other materials.
The automotive plastics are among one of the widely preferred alternatives for light-weighting of automobile as they offer enhanced properties such as superior impact strength, easy mold-ability, improved aesthetics, and reduced weight as compared to conventional automotive components such as High speed steel (HSS) and Aluminum. The increasing demand of passenger cars and the supply to fulfill the same in Asia-Pacific is one of the main drivers for increasing consumption of automotive plastics globally.
The market dynamics of Automotive Plastics Market for Passenger Cars are studied for market insights such as drivers, restraints, and opportunity. The main drivers of automotive plastics utilization are their potential for reducing the weight of automobile and fuel consumption reduction potential by reduction in the weight of the vehicle. The market presents opportunities in new materials such as reinforced composites and PMMA.
Browse related reports
Permanent Magnet Market by Types (NdFeB, Ferrite, SmCo, Alnico), End User Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense, Others) & Geography - Trends & Forecast to 2018
Microspheres Market by Type (Hollow, Solid), Application (Construction Composites, Medical Technology, Paints & Coatings,Cosmetics, Oil & Gas, Automotive, Aerospace) & Raw Material (Glass, Ceramic & Others) - Global Trends & Forecasts to 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog at http://mnmblog.org/market-research/Advanced-Materials.
Connect with us on LinkedIn at http://www.linkedin.com/company/marketsandmarkets.