Global Automotive Plastics Market to Be Propelled by Rising Importance of Weight Reduction and Emission Control

Transparency Market
Research
Automotive Plastics Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2012 - 2018

Published Date
28-March-2013

123 Page Report

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Automotive Plastics Market to See Rise of Biodegradable
Plastics as Manufacturers Vie to Prove their Green
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Automotive Plastics Market

REPORT DESCRIPTION
Automotive Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012
- 2018
The surging global demand for cars and the need for automakers to incorporate better design elements due to
the increasing competition in the automotives market is driving the global automotive plastics market to grow at
a significantly high CAGR during the forecast period 2012 to 2018. By 2018, the global automotive plastics
market is expected to reach a market value of US$32,985.4 million.
The popularity of plastics in automotives can be attributed to their physical properties such as toughness,
resilience, durability, and resistance to corrosion. Also, the use of plastics in automotives ensures greater fuel
efficiency because of the reduced overall weight of the vehicles. Materials such as steel, previously used
extensively in manufacturing automotive parts and components, are increasingly being substituted with
plastics.
Browse Full Global Automotive Plastics MarketReport With Complete TOC :
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The use of plastics in place of metals such as steel ensures that automotive designers are able to achieve the
desired features in lighting, electronic, and electrical components of automobiles. This also enables them to
develop the vehicle’s aesthetic aspects and lower its total weight. Reducing the total weight of a car helps...