Market Research Future - Premium Research Reports Automotive Plastic Market 2017-2023 | Page 2

Regional Analysis: The global automotive plastic market is categorized on the basis of miscellaneous geographic segmentation which contains regions such as North America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific automotive plastic market is largest market owing to healthy industry growth of application industry in China, Japan and India. Asia Pacific automotive plastic market size is likely to witness highest gains over the forecast period. Increasing demand for automotive industry in the China, India, Taiwan, and South Korea has made Asia Pacific largest consumer of the automotive plastic market. China is major dominating country owing to large scale production of end user industry of automobile. Asia Pacific region dominates the global automotive plastic market as it accounted for more than 55% of the global auto plastic demand in 2016. Also, growing automobile manufacture in the developing markets such as India, China, and developed economy like Japan in the APAC region is Predicted key driving factors for increasing automotive plastic demand worldwide. Additionally increasing secondary market of the automotive industry in South Asia and Latin America is also affect the demand for automotive plastics in APAC region. Access Report Details @ https://www.marketresearchfuture.com/reports/automotive-plastic-market- 2954 The second largest market of automotive plastic is Europe region including the countries Germany, Italy, and France due to various automobile application such as safety feature Airbags, made from high- strength nylon or reinforced polyamide fibers, cushion impact in the event of frontal collisions are another safety feature, which reduces injuries. In addition, headlights made from plastics can be moulded into any imaginable shape, which allows lamps to adapt to differing light conditions, thereby increasing visibility. The third largest market of automotive plastic is North America, witnessed in growth of automotive plastic market due to various application such as interiors body, under bonnet, exterior body, and electrical components. Expansion in manufacture in various region of automobiles by major key players will boost automotive plastics market demand. Investment for auto manufacturing key players in Mexico are growing and will result in almost 55% increase in automobile production during the next Tel: [phone] [email protected]