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Automotive-Plastics-Market-Research-Report

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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
Global Automotive Plastics Market Research Report - Industry
Analysis, Size, Share and Forecast to 2020: Hexa Research
Global automotive plastics market is expected to grow on account of increasing preference for
plastics as a substitute to metals in automotive components. Automotive plastics are widely
used in motorcycles, passenger cars and heavy vehicles with an aim to reduce the overall
weight of automobiles. Reduction in weight significantly improves fuel efficiency of vehicles. This
trend is expected to fuel the demand for automotive plastics over the forecast period.
Supporting this trend is government regulations regarding improving fuel efficiency and reducing
the weight of vehicles. Increasing demand for passenger cars on account of increasing income
levels in emerging markets across the globe is expected to fuel automotive production. This in
turn is expected to drive the demand for automotive plastics. Plastics are ideal materials to
reduce noise and vibrations in automobiles. Increasing preference for sophisticated automobiles
is expected to boost the demand for automotive plastics for such applications. Improving
aesthetics and reducing the overall cost of product has driven manufacturers in the market to
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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
adopt plastics owing to its cost effectiveness compared to metals and alloys. This is expected to
have a positive impact on the market.
Volatile raw material costs and high capital investments is expected to pose challenges to
market participants. Most plastics are non-biodegradable in nature, which makes them
hazardous to environment. Growing concerns regarding environmental effects associated with
plastics may act as a hindrance to market growth. Manufacturers in the market are shifting focus
on developing bio-based plastics for automotive applications in order to counter the
environmental effects caused by conventional plastics. This is expected to provide market
participants opportunities in terms of product development.
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Product Insights
Polypropylene based automotive plastic was the dominant product segment for automotive
plastics market. Abundant availability of raw materials coupled with its low cost compared to
other plastics such as high density polyethylene, polycarbonate and other composites can be
attributed to high demand for polypropylene in the market. This factor is expected to further
drive polypropylene demand to make it the fastest growing product segment over the forecast
period. Polyurethane followed polypropylene to emerge as the second largest product segment.
Application Insights
Automotive plastics are widely used to manufacture interior parts, exterior parts and engine
compartments. Interior applications of plastics include door panels, instrument clusters, wiring
covers etc. Interior application was the dominant application segment for the market owing to
vehicle manufacturers’ preference for plastics to improve interior aesthetic appearance and
lower manufacturing costs. Exterior applications include bumpers, mirror covers and under the
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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
bonnet applications. Increasing importance to reduce vehicle weight is expected to fuel the
demand for automotive plastics in exterior applications.
Regional Insights
Asia Pacific is major regional market for automotive plastics. The market in the region is
characterized by huge domestic automotive manufacturing industry and growing demand for
automotives in emerging markets of India and China. Low manufacturing costs coupled with
presence large scale skilled workforce has driven automotive manufacturing over the past few
years. On account of these factors, Asia Pacific automotive plastics market is expected to be
the fastest growing region. European and North American markets are characterized by
stringent regulatory scenario regarding the reduction of vehicle weight.
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Table of Contents
Chapter 1 Executive Summary
1.1 Automotive Plastics - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Automotive Plastics Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Automotive Plastics Value Chain Analysis
2.4 Automotive Plastics Market Dynamics
2.4.1 Market driver analysis
2.4.1.1 Restrictions on vehicular weight
2.4.1.2 Restrictions on vehicular emission
2.4.1.3 Improvements in vehicular aesthetics
2.4.2 Market restraint analysis
2.4.2.1 High capital cost of infrastructure
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Hexa Research
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2.4.2.2 High cost of raw material
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Automotive Plastics - Company Market Share Analysis
2.8 Automotive Plastics - PESTEL Analysis
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports,
custom research and consulting services to a host of key industries across the globe. We offer
comprehensive business intelligence in the form of industry reports which help our clients obtain
clarity about their business environment and enable them to undertake strategic growth
initiatives.
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Hexa Research
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6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: [email protected]
Website - http://www.hexaresearch.com/
Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
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