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(Transportation-News.com, October 24, 2017 ) In 2012, the global automotive plastics market was valued around USD 14.90 billion and is anticipated to reach approximately USD 46.09 billion by 2022, while maintaining a compound annual growth rate (CAGR) of 10.70% during the forecast period owing to global resurgence in the automobile segment, enhanced vehicle design and the rising significance of emission control and weight reduction are major factors fueling the growth of the global market. Plastics are extensively used in automotive parts and components due to their potential sourcing from reusable raw materials, relative ease of improved design and easiness of manufacturing. PU, PC, and ABS are a few alternative materials utilized for component and part applications of the vehicle. Generally, depending on performance requirements and fuel economy standards, an average car contains around 5.8% to 10% of plastics. This proportion is anticipated to augment during the approaching years, due to the increasing demand from customers for fuel-efficient, high-performance, and lightweight vehicles.
Major Key Player
BASF SE
AkzoNobel N.V
Covestro
Johnson Controls
Evonik Industries AG
Magna International
SABIC
Momentive Performance Materials Inc.
Borealis AG
The Dow Chemical Company
Hanwha Azdel Inc.
Lear Corp.
Grupo Antolin
Owens Corning
Teijin Ltd.
Royal DSM N.V
Quadrant AG.
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The global automotive plastics market is segmented as follows :
By Product
• Polypropylene
• Polyurethanes
• Polyvinyl Chloride
• ABS
• HDPE
• Polycarbonates
• PMMA
• Polyamide
• PET
By Application
• Interior
• Exterior
• Under bonnet
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Table of Contents:
1. Introduction
2. Executive Summary
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Increasing Incidence of Joint Related Disorders
3.3.1.2. Rising Geriatric Population Around the World
3.3.1.3. Increasing Patient Preference Towards Leading an Active Lifestyle
3.3.1.4. Increasing Incidence of Obesity and Diabetes
3.3.2. Restraints
3.3.2.1. High Cost of Extremity Reconstruction Procedures
3.3.2.2. Stringent Regulatory Approval Policies
3.3.3. Opportunities
3.3.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Automotive Plastics Market, By Product
5. Automotive Plastics Market, By Application
6. Automotive Plastics Market, By Region
7. Company Profiles
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