Recently, the in-depth and independent research report titled the “Global Automotive Interior Plastic Components Market Research Report” was published. This report shines a light on Automotive Interior Plastic Components, assessing a vast number of manufacturers, regions and segment types.
The report reveals the growth pace of the automotive industry, demonstrating that the industry has been growing at a consistent and healthy pace, and the market forecast predicts a compound annual growth rate (CAGR) of 12.6% from 2016 to 2023. The report identifies global major market leaders, identifying them with information such as company profiles, product picture and specifications, sales, market share and contact information.
The report divided market segments on the basis of types, application and region. Automotive plastic was segmented to include polyurethane, polypropylene, acrylonitrile-butadiene-styrene, polyamide, polymethyl methacrylate, polycarbonate and others.
Fuel efficiency is identified as an essential driving force behind manufacturing decisions, primarily due to rising fuel prices and environmental concerns. Along with the growing need for automotive vehicles, this will serve to drive the market for Automotive Plastics. This market has a high demand for plastics that are lightweight and durable
This in-depth report was focused on the end users/applications, focusing on the status and outlook, sales and the market growth rate of the Automotive Interior Plastic. Uses for Automotive plastics can be described as localised under bonnet, interiors body, exterior body and electrical components.
The report found that markets across the Middle East and Africa are expected to witness growth as a result of the emerging economies in these regions. The Asian Pacific is identified as holding the largest share of the Automotive Plastics market as it is currently the largest producers of automotive parts. This region is also seeing increased demand for vehicles, largely due to increased disposable incomes.
For more information, and to read the full report, click here.