DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3c4bf6a2/automotive_plastic) has announced the addition of the "Automotive Plastics Market For Passenger Cars: Global Trends & Forecasts To 2016 By Types & Geography" report to their offering.
The global automotive plastics market is mainly driven by passenger car production and increasing utilization of automotive plastics in vehicle designs. The report covers global consumption of seven types of plastics in passenger cars such as polypropylene, polyurethanes, polycarbonates, high density polyethylene, polymethyl methacrylate, Acrylonitrile butadiene styrene, and composites. The use of plastics in interior, exterior, and under bonnet components of automobiles help in weight reduction, improve aesthetics, vibration and noise control, and cabin insulation. The properties of plastics such as easy mouldability, recyclability, scratch resistance, high volume to weight resistance, thermal stability, impact strength, and resistance to abrasion make them suitable for use in automobiles. 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%) due their easy forming properties and their availability at cheaper price than other materials.
The passenger car market witnessed slow down from the year 2008 to 2010 and showed signs of recovery in the year 2011. However, deteriorating economic conditions in European region indicate sluggish growth in their automotive sector. The global passenger car production is expected to grow from 60 million units in 2011 to 84.8 million units in 2016 at an estimated CAGR of 7.2% for the same period. Asia-Pacific region is expected to grow at higher CAGR of 8.8% due to growing demand in the region triggered by falling auto loan interest rates and increase in disposable income of individuals.
The global automotive plastics consumption is expected to grow from 6.7 million tons in 2011 to 10.2 million tons in 2016 at an estimated CAGR of 8.5% for the same period. The high growth rate is attributable to increasing passenger car production and initiatives by automobile manufacturers towards light-weighting of cars.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Market Overview
4 Automotive Materials Market, By Geography
5 Automotive Materials Market, By Products
6 Competitive Landscape
7 Company Profile
Companies Mentioned
- Akzonobel N.V.
- Basf Se
- Bayer Materialscience Ag
- Borealis Ag
- Delphi Automotive Plc
- The Dow Chemical Company
- Evonik Industries
- Faurecia S.A.
- Grupo Antolin-Irausa S.A.
- Hanwha Azdel Inc.
- Johnson Controls Inc.
- Lear Corporation
- Magna International Incorporated
- Momentive Performance Materials Inc.
- Owens Corning
- Quadrant Ag
- Royale Dsm N.V.
- Saudi Basic Industries Corporation (Sabic)
- Teijin Limited
- Zoltek Company Inc.
For more information visit http://www.researchandmarkets.com/research/3c4bf6a2/automotive_plastic