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Automotive Plastics Market (Polypropylene, Polyurethane, HDPE, ABS) for Passenger Cars Worth $46,112 Million by 2018 - New Report by MarketsandMarkets
Date:10/31/2013

h density polyethylene (HDPE) (10.8%), polycarbonates (PC) (6.8%), and polymethyl methacrylate (PMMA) (4.4%), due to their easy forming properties and their availability at cheaper price than other materials.

The automotive plastics are among one of the widely preferred alternatives for light-weighting of automobile as they offer enhanced properties such as superior impact strength, easy mold-ability, improved aesthetics, and reduced weight as compared to conventional automotive components such as High speed steel (HSS) and Aluminum. The increasing demand of passenger cars and the supply to fulfill the same in Asia-Pacific is one of the main drivers for increasing consumption of automotive plastics globally.

The market dynamics of Automotive Plastics Market for Passenger Cars are studied for market insights such as drivers, restraints, and opportunity. The main drivers of automotive plastics utilization are their potential for reducing the weight of automobile and fuel consumption reduction potential by reduction in the weight of the vehicle. The market presents opportunities in new materials such as reinforced composites and PMMA.

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