Advanced & Lightweight Automotive Plastics in Passenger Cars

Automotive Plastics

Automotive mass reduction is one of the major priorities of automobile manufacturers, as it is beneficial in reducing carbon emission. Materials for vehicle design are carefully assessed by design engineers, in terms of cost, material strength, physical & chemical properties, manufacturability, availability in the market, and recyclability.

High-speed steel (HSS), glass fibers, and sheet metal components are cheaper than aluminum, automotive plastics, and magnesium but have less mass reduction potential than these materials, which increases the demand for lightweight plastic materials.

Automotive manufacturers prefer automotive plastics in their designs owing to stringent regulations regarding carbon emissions and price-sensitiveness of some of the end users. Carbon emission in passenger cars can be reduced by using greenhouse gas (GHG) reduction technologies, such as adjustment in valve timing, turbocharging, aerodynamic designing, and introduction of hybrid, plug-in hybrid, and fuel cell systems in automobiles.

These technologies require modifications in engine design, powertrain systems, and power systems that involve high degree of complexities. Therefore, advanced plastic materials are being extensively used for the significant reduction of carbon emissions, which is comparatively reasonable than the abovementioned technologies.

Get More Information: https://www.marketsandmarkets.com/requestsampleNew.asp?id=506

The passenger cars have evolved over the years in terms of safety features and luxury components. The use of automotive plastics helps in aerodynamics, body designs, and in improving the aesthetic appeal of the vehicles. Although many such models of passenger cars are available in the market, the manufacturers witness strong competition in the small fuel-efficient cars category.

The growing inclination of customers toward such car models has compelled the auto manufacturers to incorporate new design features in different variants of cars, and incorporating such features is mostly possible by the use of automotive plastics.

The passenger vehicle production in Asian countries such as China, India, and Indonesia has witnessed a significant growth, and the demand for luxury cars has also increased considerably. With the increase in demand for passenger cars, luxury and comfort have become the key focus areas for manufacturers. Hence, raw material manufacturers are collaborating with OEMs to develop plastic components with improved safety and performance.

Automotive Plastics
Automotive Plastics

The automotive plastics market for passenger cars has been studied for North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific region is estimated to account for the largest share of the automotive plastics market for passenger cars and is also projected to grow at the highest CAGR during the forecast period, in terms of value.

Key players operating in the automotive plastics market for passenger cars include Magna International Inc. (Canada), Lear Corporation (US), Adient plc (Ireland), BASF SE (Germany), Compagnie Plastic Omnium (France), Borealis AG (Austria), Covestro AG (Germany), Evonik Industries AG (Germany), SABIC (Saudi Arabia) and Grupo Antolin-Irausa S.A. (Spain).

Get More Information: https://www.marketsandmarkets.com/requestsampleNew.asp?id=506