Lucintel Anticipates Increasing Demand of Lightweight Materials to Drive the Automotive Plastics Industry to $22.2 Billion in 2019
The global automotive plastics industry is expected to reach an estimated value of $22.2 billion by 2019. The major drivers of automotive plastics industry are the increasing demand of lightweight materials, government regulations, and improvements in vehicle design. Asia Pacific is the leading region in global automotive plastics industry with strong growth in the vehicle production.
Worldwide, March 30, 2015 (Newswire.com) - The global automotive plastics industry is expected to reach an estimated value of $22.2 billion by 2019. The major drivers of automotive plastics industry are the increasing demand of lightweight materials, government regulations, and improvements in vehicle design. Asia Pacific is the leading region in global automotive plastics industry with strong growth in the vehicle production. Increasing utilization of automotive plastics in vehicle designs and revival in vehicle production will boost the demand for automotive plastics. Growing demand of vehicles from emerging economies such as China, India, and the Latin American countries will further drive the industry.
Lucintel, a leading global management consulting and market research firm, has analyzed the global automotive plastics industry by product types and regions and has come up with a comprehensive research report, “Global Automotive Plastics Industry 2014-2019: Trend, Forecast, and Opportunity Analysis.” This report provides an analysis of the global automotive plastics industry including the market trend, company profiles, cost structure, growth opportunities, key drivers, and emerging trend of the industry. The study also includes global automotive plastics industry forecasts through 2019, segmented by regions, and by material type as follows.
Automotive plastics market ($ and Volume shipment) by regions:
{C}· North America
{C}· Europe
{C}· Asia Pacific
{C}· Rest of World
Automotive plastics market ($ and Volume shipment) by material type:
{C}· Polypropylene
{C}· Polyurethane
{C}· Polyamide
{C}· Polyvinyl Chloride
{C}· Acrylonitrile Butadiene Styrene
{C}· Polycarbonate
{C}· Polyethylene
{C}· Polymethyl Methacrylate
On the basis of its comprehensive research, Lucintel forecasts that automotive plastics industry will grow significantly during 2014-2019. Polyproplyne was the major segment in the automotive plastics industry by volume in 2013 and is expected to remain the same during the forecast period. Volatile raw material price and huge investment in research activities are the major challenges faced by the industry players. BASF SE, Bayer MaterialScience AG, LyondellBasell Industries NV, E I Du Pont De Nemours And Co, and Solvay Plastics are some of the suppliers of automotive plastics materials for various applications. Biodegradble plastics such as PLA, PHA, PCL, and PBS gives a better opportunity for the major players in the automotive plastics industry.
This 140-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on this timely, insightful report, click this link http://www.lucintel.com/reports/mass_transportation/global_automotive_plastics_industry_2014-2019_trend_forecast_and_opportunity_analysis_june_2014.aspx or contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Market Research Report, Capital Investment Feasibility and SWOT Analysis. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com
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