Automotive Plastics Market 2020:Size, Share, Latest Global Trends, Top Key Players, Future Growth, Revenue Analysis, Demand Forecast To 2026

Dovie Salais

The MarketWatch News Department was not involved in the creation of this content. Nov 06, 2020 (AmericaNewsHour) — The global Automotive plastics market is anticipated to witness significant growth over the forecast period due to factors such as rising pressure to reduce vehicle weight, favorable regulations coupled with the rising […]

The MarketWatch News Department was not involved in the creation of this content.

Nov 06, 2020 (AmericaNewsHour) —
The global Automotive plastics market is anticipated to witness significant growth over the forecast period due to factors such as rising pressure to reduce vehicle weight, favorable regulations coupled with the rising sales of passenger cars. Flexibility in design, inherent properties such as corrosion resistant, dust proof are also expected to benefit the automotive plastics market growth. Design engineers are integrating blow molded as well as injection molded plastic parts in their designs that offer a better design without the complicated assembly work. Plastics are also being increasingly used in the structural design of cars as well. This industry is closely working with the automotive industry to provide enhanced design features.

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10070808

Plastics have facilitated the increase in vehicle compatibility, and including more safety dimensions in less space as well as improving the safety belt designs. Such trends have led to a rise in demand for automotive plastics across globe. Safety advances have been made affordable due to the usage of these high-performance materials in automotive interiors.

Automotive plastics are used in vehicle exteriors as they impede roof crash. Resist the intrusion of vehicles, and contribute in the reduction of the vehicle weight with almost no compromise on safety. They are used in a wide variety of exterior applications ranging from bumpers to body panels. Such wide applicability has benefitted the global automotive plastic market demand.

Companies are involved in the research and development activities for developing new materials for usage in the vehicle industry. Thermoplastic material blends, light weight PP, bio-based materials are some of the examples of the ongoing R&D activities. Manufacturing techniques such as multi-level extrusion for reduction of permeability are being used to manufacture plastics for specific needs.

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10070808

Vehicle mass reduction is one of the key paths to achieve increased fuel efficiency. Plastic in combination with polymer composites aid in this effort. They are being increasingly used in vehicle interiors, exteriors, and lighting to reduce the overall vehicle weight. Government or privately funded mass reduction studies have pointed out the usage of these materials and their importance in cutting down emissions. Thus, favorable regulations along with initiatives taken by government as well as private institutions is bound to benefit the automotive plastics market demand over the next few years.

Companies are developing products that aid automotive manufacturers to reduce the vehicle weight, reduce emissions, as well as increase safety. Customized products suitable for applications such as retainers, central stack, housings, rails, sliding, brackets, housing, levers as well as frames are being provided by companies. Some of the major market players for automotive plastics include Akzo Nobel NV, Evonik Industries AG, BASF SE, Covestro AG, Koninklijke DSM NV, The Dow Chemical Company, Teijin Limited, LANXESS, Solvay, and LyondellBasell Industries Holdings BV.

Request For Full Report- https://www.kennethresearch.com/sample-request-10070808

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: Kenneth research
Email:[email protected]
Phone: +1 313 462 0609

The post Automotive Plastics Market 2020:Size, Share, Latest Global Trends, Top Key Players, Future Growth, Revenue Analysis, Demand Forecast To 2026 appeared first on America News Hour.

COMTEX_374034365/2606/2020-11-06T04:37:13

Is there a problem with this press release? Contact the source provider Comtex at [email protected]. You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article

Next Post

Transportation, ag industry grant terminally ill boy’s birthday wish

Liam Salmon, who is battling a rare pediatric brain tumor, had a simple request for his fifth birthday: mail. And boy, did he get his wish.  After spending a week in the hospital, including his birthday, Oct. 22, Liam and his parents, Howard and Mary Salmon, of Anderson, California, arrived […]

Subscribe US Now