NEW YORK, May 25, 2021 /PRNewswire/ — The «Plastics Market for Passenger Cars Industry Market by Material, Application, and Geography» – Forecast and Analysis 2021-2025″ report has been added to Technavio’s offering.
The plastics market for the passenger cars industry market is set to grow by USD 16.54 billion, progressing at a CAGR of about 9% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio’s in-depth market research reports include value chain analysis and validation techniques employed for market sizing on various markets to help industry leaders improve their business.
Download FREE Sample Report
Plastics Market for Passenger Cars Industry: Segmentation by Application
Based on the segmentation by application, the market generated maximum revenue in the interiors segment in 2020. Automotive components manufacturers are using advanced plastic and processing technologies to offer better products inside passenger cars. The increase in the demand for plastics for passenger car interior applications are propelling the growth of the market in focus in the segment. The growth of the interior segment will be significant over the forecast period.
Plastics Market for Passenger Cars Industry: Segmentation by Geography
49% of the market’s growth will originate from APAC and held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in APAC is attributed to the presence of many passenger car manufacturers coupled with many market vendors, which, in turn, will increase the demand for plastics for various applications in passenger cars over the forecast period. China, Japan, and India are the key markets for the plastics market for passenger cars industry market.
Plastics Market for Passenger Cars Industry: Opportunities
Factors such as the presence of leading automotive OEMs, stringent regulations on fuel efficiency, and the increasing number of passenger car models are enhancing the growth of the market. Over the years, countries across the world have been making significant investments in the automotive sector. This will create considerable demand for the plastics market for the passenger cars industry market, thereby opening several growth opportunities for market vendors.
Know more about Techanavio’s analysis on the impact of Disruption Threats on the Plastics Market for Passenger Cars Industry Market:
Download the Plastics Market for Passenger Cars Industry Market Analysis Report
Key Market Dynamics:
- Adoption of new or improved emission standards
- Increasing government support to promote EVs
- Increasing incorporation of electronics in passenger cars
- The ongoing economic slowdown in China
- Declining automotive production
- Increasing manufacturing costs due to the dynamic regulatory environment
- BASF SE
- Borealis AG
- Covestro AG
- Dow Inc.
- Exxon Mobil Corp.
- Formosa Plastics Corp.
- Koch Industries Inc.
- Koninklijke DSM NV
- LANXESS AG
- LyondellBasell Industries NV
Get more insights about the global trends impacting the future of the plastics market for the passenger cars industry market,
Download Technavio’s Research Methodology Analysis Report
Explore Some of Our Top Selling Reports
Global Commercial Vehicle Steering System Market– The commercial vehicle steering system market is segmented by application (LCVs and M and HCVs) and geography (North America, APAC, Europe, South America, and MEA).
Request FREE Sample Report
Global Automotive On-Board Diagnostics Market– The automotive on-board diagnostics (OBD) market is segmented by product (allied services and OBD port) and geography (North America, Europe, APAC, South America, and MEA).
Request FREE Sample Report
Along with the market data, Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the plastics market for the passenger cars industry report.
- Further breakdown of the market segmentation in requested regions.
- Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
Key Topics Covered
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Material
- Market Segmentation by Application
- Market Segmentation by Geography
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Report Page: https://www.technavio.com/report/plastics-market-for-passenger-cars-industry-market-industry-analysis
View original content to download multimedia:http://www.prnewswire.com/news-releases/plastics-market-for-passenger-cars-industry-market-to-grow-by-usd-16-54-billion-through-2025impacts-of-drivers-and-challengestechnavio-301299327.html