Published on: March 25, 2021
The automotive plastics market, labeled under the auto parts and equipment industry, will register consistent growth during the forecast period.
Akzo Nobel N.V., BASF SE, Covestro AG, Evonik Industries AG, and Adient plc are some of the major automotive plastics vendors.
This report provides a detail analysis of the market based on the application - passenger cars and commercial vehicles and by geography - APAC, North America, Europe, Latin America, and Middle East and Africa.
The report also provides a country-level analysis and insights into the market's growth opportunites in key markets.
The market’s competitive environment is quite intense. The upcoming market trends will provide new growth opportunities, which will further intensify the level of competition.
The growing usage of recyclable plastics, is anticipated to have a major impact on the demand for automotive plastics. The growing adoption of lightweight materials in automobiles will also drive market growth.
Some of the key automotive plastics market vendors covered in this report include:
To increase their market share, the vendors have to increase their focus on the fast-growing segments while retaining their hold in the segment that will register slow growth.
The detailed competitive analysis will help companies understand the competitive environment in different geographic regions.
Covering key aspects including business expansions, collaborations and partnerships, and entry barriers for new players, this report will help vendors identify new growth opportunities and design strategies before venturing into new product and service segments. The report also provides details on market challenges that will restrict market growth.
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