Automotive Plastics Market Insights and Industry Analysis by Type (Polypropylene, Polyurethane, PVC, Acrylonitrile-Butadiene-Styrene (ABS), Polyamide, Polycarbonate, Polymethyl Methacrylate and Others), By Application (Interior, Exterior, Under the hood, Powertrain, Drivetrain, Instruments Panel, Electronics, Others) and Region, Competitive Market Size, Share, Trends, and Forecast to 2030

New York, USA, July 13, 2022 (GLOBE NEWSWIRE) -- Automotive Plastics Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), “Automotive Plastics Market Information by Type, Application, and Region - Forecast till 2030”, the market is estimated to grow at a 4.4% CAGR to reach USD 38.7 Billion by 2030.

Automotive plastics refer to materials that are utilized in the production of various vehicular components. These plastics offer properties that are quite similar to that of metals used in automobiles. The major properties of automotive plastics include toughness, abrasion resistance, flame retardancy, and stiffness. The flexibility, as well as versatility, are some of the impressive characteristics of these plastics, which boost technological innovations and lead to better automobile designs.

Polypropylene is a popular automotive plastic that finds application in both flexible and rigid packaging due to its excellent chemical and physical properties. Other than this, it provides impressive electrical and chemical resistance to extremely high temperatures. It is quite lightweight in comparison with other types of plastics, which makes it perfect for use in the automotive sector.

Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/2954

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

By Type, Application, and Region

North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Improved vehicle design capabilities, recovery in the automotive sector

Rising demand for fuel-efficient automobiles

The important vendors in the automotive plastics industry are

The Dow Chemical Company (U.S.)

The world over, the automotive sector’s recovery, improving vehicle designs, and the heightened focus on reducing vehicular weight as well as emission control will help encourage the growth rate of the automotive plastics market. Plastics are extensively utilized in various automotive components as well as parts due to easy manufacturing, deployment of renewable raw materials, and better designs.

Polyvinyl Chloride (PVC), Polypropylene (PP), Polyurethane (PU), and Acrylonitrile Butadiene Styrene (ABS), are some of the most preferred materials for a variety of vehicle components and parts. Plastics are subjected to five stages when being recycled such as washing, sorting, identification, classification, extruding, and shredding, before being infused into the final component. Improving recycling procedures are compelling automotive manufacturers to make use of high-performance plastics. Generally, a car has around 5.9 to 10% of different plastics, based on the fuel-efficiency standards as well as performance requirements, with the consumption rate in vehicular equipment coming to more than over 110-120 kg in the car.

The above-mentioned percentage will be surging in the coming years on account of the escalating demand from a rising number of consumers for lightweight, fuel-efficient, high-performance vehicles. This is touted to have a favorable impact on the automotive plastics market, as the product demand continues to surge worldwide. Weight reduction is one of the most cost-effective methods to bring down Greenhouse Gas (GHG) emissions as well as fuel consumption, as it helps conserve non-renewable crude oil reserves.

Automotive plastics with metallic applications are generally extremely expensive, which could induce a drop in their demand in the latest manufactured vehicle models. Owing to this, most automotive developers are opting for steel to bring down the total weight of the vehicles, which can be a huge restraint for the worldwide market.

Furthermore, the rising use of alternative products such as carbon fibers will hinder the growth of the global market.

Browse In-depth Market Research Report (177 Pages) on Automotive Plastics: https://www.marketresearchfuture.com/reports/automotive-plastics-market-2954

The COVID-19 outbreak as well as the subsequent lockdown has had a brutal effect on the automotive industry, with the temporary shutdown of manufacturing facilities and a reduction in road traffic. The automotive industry is facing revenue losses following the SARS-CoV-2 pandemic due to travel bans and the overall economic downfall worldwide.

However, with the lockdown now being lifted up and a major focus on curbing the spread of the novel coronavirus, players are now able to continue with their business and also concentrate on strengthening their supply chains. This can mean quicker recovery for the automotive plastics market in the upcoming period.

Automotive plastics are available in various types, including polyurethane (PU), polypropylene, polymethyl methacrylate, acrylonitrile-Butadiene-styrene (ABS), polyvinyl chloride (PVC), polycarbonate, polyamide, and more. Out of these, polypropylene occupies the biggest share in the worldwide market owing to the heavy demand generated by diverse end-user industries such as electrical & electronics, packaging, automotive, construction, and consumer products.

Automotive plastics have a host of applications such as exterior, under the hood, interior, drivetrain, powertrain, electronics, instruments panel, and more. Plastics’ use in interior furnishing, steering wheels, light displays, ABS composites, fascia systems, and rear package shelves, will be surging at a tremendous pace in the following years.

Buy Now: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2954

Asia Pacific has the highest revenue share in the worldwide market, thanks to the rising number of companies from developed countries shifting their manufacturing bases to the region. These bases are increasingly being set up in countries like India, Thailand, China, Indonesia, and Vietnam. Expanding production bases in these countries along with the rising spending on innovative technologies used for vehicular manufacturing will usher in a new era of advanced automobiles, in turn strongly influencing the automotive plastics market. Consumers in the region are emphasizing on fuel efficiency, which raises the preference for sustainable plastics.

In Europe, the heightened use of high-performance plastics during production by numerous automakers will help enhance the market size in the region. Thanks to the strict emission norms across the region, the majority of the automakers are going for electrified motors instead of diesel engines, which will create a huge demand for the market in the years to come.

Share your Queries @ https://www.marketresearchfuture.com/enquiry/2954

Discover more research Reports on Chemical Industry, by Market Research Future:

Waterproofing Membrane Market Information by Product Type (Liquid Applied Membrane [Acrylic, Bituminous, Polyurethane and others] and Sheet-Based Membrane [Bituminous, Polyvinyl chloride (PVC), Thermoplastic polyolefin (TPO) Ethylene Propylene Diene Terpolymer(EPDM) and others]), Application (Roofing, Building Structures, Bridges and Highways, Wastewater Management and Tunnel Liners) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2030

Investment Casting Market: Information by Type (Silica Sol Process, Sodium Silicate Process), Application (Aerospace & Military, General Industrial, Industrial Gas Turbines, Automotive, Others) and Region (Europe, Asia-Pacific, North America, Latin America and Middle East & Africa) - Forecast till 2030

Lightweight Materials Market Information: By Type (Composites, Metal Alloy, Polymers) and By End-Use (Aerospace, Automotive, Marine, Energy, Electronic and Electrical Industry, Construction, Others) - Forecast to 2030

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Yahoo Finance's Pras Subramanian discusses the latest auto news from the Tesla-only lane at the U.S.-Mexico border to Volkswagen replacing its CEO.

Verizon stock is moving lower after an earnings miss and dip in wireless subscriber growth.

When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street pays close attention. The easiest way for investors to monitor what Warren Buffett has been buying and selling is to track Berkshire Hathaway's quarterly 13F filings with the Securities and Exchange Commission (SEC).

One of Biden’s top energy aides confirmed Friday that no extension of releases from the Strategic Petroleum Reserve - scheduled to end this fall - is in the offing. But added a promise that it’s not going to lead to any supply shocks.

Tech giants Microsoft and Google have just taken additional hard decisions ahead of their earnings reports.

(Bloomberg) -- Verizon Communications Inc. shares plunged to their biggest drop in 14 years after the mobile-phone company cut its forecast for the second straight quarter, adding to concerns that consumers are pulling back on spending.Most Read from BloombergThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundTrump Insiders Recall How He Spurned Pleas to Act as Riot RagedAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Internal Tesla

Snap Inc. has never been an investor-friendly company as long as those investors weren't their founders, and the parent company of the Snapchat app made that even clearer Thursday.

A major Bluetooth headphone maker, Dongguan Koppo Electronics Co, has decided to shut down for good and dismiss all its workers, becoming the latest casualty of the economic headwinds, supply chain disruptions and trading woes that have hit China's manufacturing heartland. Koppo Electronics, which has operated its factory in the city of Dongguan in southern Guangdong province for 12 years, said it was ceasing operations partly because "a number of cross-border e-commerce clients have failed to m

(Bloomberg) -- Volkswagen AG abruptly ousted Herbert Diess, its chief executive officer and architect of the auto industry’s biggest electrification effort, after repeated clashes with labor unions chipped away at his support with key stakeholders.Most Read from BloombergThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundTrump Insiders Recall How He Spurned Pleas to Act as Riot RagedAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Int

The recently married business partners have turned a minuscule $200 investment into a $5 million enterprise – and the momentum is scaling fast.

Senator Mark Kelly (D-AZ) sits down with Yahoo Finance's Akiko Fujita to discuss the outlook for getting the chips bill passed and the importance of securing semiconductor supply chains.

Fewer are reverting to traditional office jobs, with a growing number seeking nontraditional roles, or even the opportunity to start a new business.

At this time, I'd like to introduce Celso Goncalves, executive vice president and chief financial officer. During the quarter, we generated $633 million in free cash flow on $1.1 billion of adjusted EBITDA.

U.S. steel companies are ramping up investments in new mills and side businesses, brushing aside signs of weakness in the broader economy as executives cited strengthening demand from customers in the auto and construction sectors. Major steel companies this week turned in quarterly results that were mostly better than expected, after steel prices rose sharply in spring because of the war in Ukraine. While prices have retreated in recent weeks, steel executives said demand isn’t deteriorating.

Verizon is set for its worst week since October 2008, but it's sitting on must-hold support right now.

U.S. stocks were under pressure Friday afternoon as a disastrous quarter from Snap weighed on the broader tech sector.

Oilfield-service-company stocks are in the hole after demand concerns started pummeling oil prices. The reaction seems overdone.

Yahoo Finance's Josh Schafer breaks down the market debut for online media company FaZe Clan.

Investors will focus on revenue growth and other pipeline updates, when Tilray (TLRY) reports fiscal fourth-quarter results.

Yahoo Finance's Brian Cheung and Akiko Fujita discuss Snap earnings and analyst reratings on the stock.