Global Automotive Plastics Market Forecast to 2025 - Powertrains are Expected to Emerge as the Fastest Growing Application Segment Over the Forecast Period

Dublin, April 26, 2019 (GLOBE NEWSWIRE) -- The "Automotive Plastics Market Size, Share & Trends Analysis Report By Product (PP, ABS, PU, PE, PC, PA, PVC, PMMA), By Application (Powertrain, Interior/Exterior Furnishings, Electrical Components), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global automotive plastics market size is expected to reach USD 68.58 billion by 2025 registering a CAGR of 11.5%.

Rising preference for high-performance plastics to substitute conventional metals and rubber is expected to impel the market growth. Superior properties, such as versatility and flexibility, of plastic materials have fostered innovations, in terms of technologies and designs. However, the quality of plastics is highly dependent on their properties, functions, and applications. Streamlined mass production has enabled provision of technologically-sound and cost-efficient products with high sustainability.

Utilization of polymer matrix and carbon fiber composites helps reduce the overall weight of vehicles by 25 to 75%. These composites are essential for emission reduction and fuel conservation while supporting the additional weight of advanced safety equipment.

Stringent regulations, such as the Corporate Average Fuel Economy (CAFE) in North America, have compelled automobile Original Equipment Manufacturers (OEMs) to seek alternative methods for reducing vehicle weight to improve efficiency. Polycarbonate (PC) is expected to emerge as the fastest-growing product segment from 2019 to 2025. It offers excellent weathering, optical, thermal, and electrical properties and provides a unique combination of stiffness, toughness, and hardness.

Further key findings from the study suggest:

• Powertrains are expected to emerge as the fastest-growing application segment over the forecast period
• Powertrain engineering applications assist vehicle manufacturers to reduce weight and integrate complex parts, which ultimately delivers higher productivity, boosts performance, and saves overall cost
• APAC is projected to be the fastest-growing regional automotive plastics market expanding at a CAGR of 12% from 2019 to 2025
• This growth is attributed to the rapidly expanding manufacturing base and increasing investments in advanced processing technologies in APAC
• Major market participants include AkzoNobel N.V.; BASF SE; Covestro AG; Evonik Industries AG; Johnson Controls International PLC; Magna International, Inc.; 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.

Key Topics Covered

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Information Procurement
1.3. Information Analysis
1.4. Market Formulation & Data Visualization

Chapter 2. Executive Summary
2.1 Market Snapshot
2.2 Segmental Outlook
2.3 Competitive Insights

Chapter 3. Automotive Plastics Market: Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4 Regulatory Framework
3.5 Market Dynamics
3.6 Business Environment Analysis: Structural Foam Market

Chapter 4. Automotive Plastics Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2018 & 2025
4.2. Acrylonitrile butadiene styrene (ABS)
4.3. Polypropylene (PP)
4.4. Polyurethane (PU)
4.5. Polyvinyl chloride (PVC)
4.6. Polyethylene (PE)
4.7. Polycarbonate (PC)
4.8. Polymethyl methacrylate (PMMA)
4.9. Polyamides (PA)
4.10. Others

Chapter 5. Automotive Plastics Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2018 & 2025
5.2. Power trains
5.3. Electrical components
5.4. Interior furnishings
5.5. Exterior furnishings
5.6. Under-the-hood components
5.7. Chassis

Chapter 6. Automotive Plastics Market: Regional Estimates & Trend Analysis, by Application & End Use
6.1. Regional Movement Analysis & Market Share, 2015 & 2024
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Central & South America
6.6. Middle East & Africa

Chapter 7. Competitive Landscape
7.1. Key Global Players & Recent Developments & Their Impact On The Industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.4. Public Companies
7.5. Market Differentiators
7.6. Synergy Analysis: Major Deals & Strategic Alliances
7.7. Private Companies

Chapter 8. Company Profiles
8.1. AkzoNobel N.V.
8.2. BASF SE
8.3. Covestro AG
8.4. Evonik Industries AG
8.5. Johnson Controls
8.6. Magna International
8.7. Momentive Performance Materials Inc.
8.8. SABIC
8.9. The Dow Chemical Company
8.10. Borealis AG
8.11. Hanwha Azdel Inc.
8.12. Grupo Antolin
8.13. Lear Corporation
8.14. Owens Corning
8.15. Quadrant AG
8.16. Royal DSM N.V.
8.17. Teijin Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/4ljwum

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Related Topics: Automotive Interior Components, Automotive Materials