The continuous improvements in the quality and performance of various plastic additives are expected to drive the adoption of plastic additives in the automotive industry. The increasing demand for lightweight materials to reduce the weight and to enhance the performance of various types of vehicles is also anticipate to fuel the demand. In addition to this, the growing concerns of environmental protection, the governments of various countries are supporting the development of electric vehicles worldwide. The growing interest and investments in electric vehicles is anticipated to drive the growth of automotive plastic additives market during the forecast period of 2019 to 2027.
The “Global Automotive Plastic Additives Market Analysis to 2027″ is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive plastic additives market with detailed market segmentation by additive type, plastic type, application, vehicle type, and geography. The global automotive plastic additives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive plastic additives market players and offers key trends and opportunities in the market.
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- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Automotive Plastic Additives Market
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
The automotive plastic additives market is anticipated to grow in the forecast period owing to the increasing advancements in vehicle design to improve performance and fuel efficiency. In addition to this, the growing need to reduce production costs and increase commuter safety are also some of the factors that are expected to drive the automotive plastic additives market in the coming years. However, the effect of plastic additives on health could affect the growth of automotive plastic additives market during the forecast period of 2019 to 2027. On the other hand, the rising trend of 3D printing and electric vehicles worldwide is expected to offer ample growth opportunities for the global automotive plastic additives market in the coming years.
The global automotive plastic additives market is segmented on the basis of by additive type, plastic type, application, vehicle type, and geography. By additive type, the market is segmented into plasticizers, anti-scratch, stabilizers, antioxidants, and others. Based on plastic type, the market is segmented into Polypropylene (PP), Polyurethane (PUR), Poly-Vinyl-Chloride (PVC), and Acrylonitrile Butadiene Styrene (ABS). On the basis of application, the market is segmented into exterior, interior, under the hood, and electronics & electrical. On the basis of vehicle type, the market is segmented into passenger vehicle and commercial vehicle.
Leading Key Players:
- Akzo Nobel N.V.
- BASF SE
- Covestro AG
- Evonik Industries AG
- KANEKA CORPORATION
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive plastic additives market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive plastic additives market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive plastic additives market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the automotive plastic additives market in these regions.
The reports cover key developments in the automotive plastic additives market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from automotive plastic additives market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive plastic additives in the global market. Below mentioned is the list of few companies engaged in the automotive plastic additives market.
The report also includes the profiles of key automotive plastic additives companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last three years, key developments in the past five years.
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- This report provides a detailed study of market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
- In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
- This study further includes market share analysis in terms of type and applications.
- Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
- Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.
This post was originally published on Commerce Gazette