Automotive Plastics for Passenger Vehicles Market (Updated Version Available)

Automotive plastics possess many desirable characteristics including durability, strength, recyclability, and scratch and abrasion resistance that allow design, modeling, and incorporation of components made of these materials in automobiles. In modern vehicles, plastics constitute almost half of the total volume of the vehicle yet contribute to hardly 10% of the total weight making them lighter and improving fuel efficiency.
Asia Pacific will maintain the largest market share over the forecast period owing to the growing automobile sector in Japan, India, South Korea, Thailand, and China. Growth will also be aided by the fact that this region is the largest producer and consumer of polypropylene, which is the primary product used in automobiles. Significant companies namely Ford and Volkswagen have established manufacturing plants in India, which has caused technology transfer and facilitated the development of the automotive component manufacturing industry. The Middle East and Africa is anticipated to show the fastest growth on account of increasing automobile sales in the region, especially Saudi Arabia.
The Global Automotive Plastics for Passenger Vehicles Market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.

In the global Automotive Plastics for Passenger Vehicles Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
AkzoNobel
SABIC
BASF
Momentive Specialty Chemicals
Bayer Material Science
Lear Corp.
Quadrant AG
Borealis
Teijin Ltd.
Johnson Controls
Evonik Industries
the Dow Chemical Co.

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Acrylonitrile Butadiene Styrene (ABS)
Polypropylene (PP)
Polyurethane (PU)
Polyvinyl Chloride (PVC)
Polyethylene (PE)

In Market segmentation by applications :
Interior
Exterior
Electronics
Powertrain
Chassis
Wire harnessing

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Automotive Plastics for Passenger Vehicles Market for the forecast period 2020 - 2026?
• What are the driving forces in the Automotive Plastics for Passenger Vehicles Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Automotive Plastics for Passenger Vehicles industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?