Global Automotive Plastics Market Prospects Discussed in New In-Demand Report Available at MarketPublishers.com11 Apr 2012 • by Natalie Aster
LONDON – The global automotive plastics revenue is forecast to grow from USD 22,155 million in 2011 to USD 42,135 million in 2016 at an estimated CAGR of 13.7% from 2011 to 2016. The consumption of automotive plastics worldwide is expected to increase from last year’s from 6.7 million tons to 10.2 million tons by 2016 at a projected CAGR of 8.5% for the same period. Among all the automotive plastics polypropylene leads consumption by 36% followed by polyurethanes (17%), ABS (12%), composites (11%), HDPE (10%), polycarbonates (7%), and PMMA (7%) owing to their easy forming properties and cheaper price compared to other materials. The Asia-Pacific region leads automotive plastics consumption by 52% followed by Europe (29%), North America (10%), and ROW (9%).
The key drivers of automotive plastics utilization are their potential for maximum mass reduction of automobile and carbon emission reduction potential by light-weighting of the vehicle. The market is restrained by high material cost and huge investment in material research activities by companies. The opportunities are cited in new materials such as reinforced composites and PMMA.
New research report “Plastics for Passenger Cars: Global Trends & Forecasts to 2016 - By Types & Geography” worked out by MarketsandMarkets has been recently published by Market Publishers Ltd.
Plastics for Passenger Cars: Global Trends & Forecasts to 2016 - By Types & Geography
Published: April, 2012
Price: US$ 4.650,00
The report delves into extensive research and in-depth analysis of the world automotive plastics market, categorizing it on the basis of types and geography. To contribute to a better understanding of the sector, the study gives detailed insights into major market drivers, restraints, opportunities, and burning issues. Furthermore, the competitive landscape along with profiles of top players including their financials, products & services, strategies, developments, and other company-specific information can also be found in the study.
Types of automotive plastics covered include: polypropylene, polyurethanes, polycarbonates, high density polyethylene, polymethyl methacrylate, acrylonitrile butadiene styrene, and composites.
More new research reports by the publisher can be found at MarketsandMarkets page.