Automotive Plastics Market Worth $68.5 Billion By 2025 Automotive Plastics Market | Seite 2

Detailed Research Report available at:
http://www.grandviewresearch.com/industry-analysis/automotive-plastics-
market
Stringent regulations such as the Corporate Average Fuel Economy (CAFE) in North
America have compelled automobile OEMs to seek alternative methods of vehicular
weight reduction in order to improve efficiency. Light weight is likely to remain a crucial
factor for complying with such regulations, owing to the inherent correlation between
mass and fuel consumption.
Polycarbonate (PC) is expected to emerge as the fastest-growing product with an
estimated CAGR of around 9.7% from 2017 to 2025. Polycarbonate offers excellent
properties include weathering, optical, thermal and electrical. It also provides a unique
combination of stiffness, toughness, and hardness.
Further key findings from the report suggest:
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Global automotive plastics demand was estimated at over 10 million tons in 2015
and is expected to grow at a CAGR of 9.0% from 2017 to 2025
Powertrains are expected to emerge as the fastest-growing application to exceed
revenue of about USD 950 million by 2025. Powertrain engineering applications
assist vehicle manufacturers to reduce weight & integrate complex parts, which
ultimately delivers higher productivity, boosts performance, and cost savings.
Asia Pacific is projected to witness substantial growth over the next decade owing
to expanding regional manufacturing base and increasing investments in
advanced processing technologies. The market is expected to grow at a CAGR of
12.2% from 2017 to 2025.
Major participants include AkzoNobel N.V, BASF SE, Covestro, Evonik Industries
AG, Johnson Controls, Magna International, Momentive Performance Materials
Inc., SABIC, The Dow Chemical Company, Borealis AG, Hanwha Azdel Inc.,
Grupo Antolin, Lear Corp., Owens Corning, Quadrant AG, Royal DSM N.V, and
Teijin Ltd among others.
BASF SE recently announced a price increase by of about 10% for a majority of
its plastic additive products, such as antioxidants, light stabilizers, flame
retardants, and others.
Read our blog on bulk chemicals industry:
http://www.grandviewresearch.com/blogs/bulk-chemicals
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