According to the latest report by Fact.MR, the automotive additives market is likely to experience above-average growth. The automotive additives market is estimated to reach US$ 8,251.8 million revenue by 2022 end
Rockville, MD -- (SBWIRE) -- 06/14/2019 -- Automotive additives are being used on a large scale to maintain the vehicle and improve overall performance. Automotive additive manufacturers are using innovative materials. Manufacturers are also producing various types of additives for instance, plastic additives, transmission additives, head gasket sealers, oil additives, etc. however, plastic additives are gaining more popularity in the market, as it offers efficiency, saves costs and offers scratch resistance. This Fact.MR report discusses key prospects for growth of global automotive additives market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
Anti-scratch additives have become ever-more popular owing to trends to lightweight with plastics and the need to preserve the aesthetic nature in the automotive industry. Taking up the gauntlet to propel the longevity of the plastic parts, car manufacturers have accelerated the use of anti-scratch additives. Anti-scratch additives are known to lessen the scratch visibility and whitening, and at the same time maintaining stability and low visible bloom after exposure to heat and UV light. Meanwhile, the use of anti-dust additives has also surged against the backdrop of soaring off-road driving and pollution.
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Polypropylene (PP) to be Highly Preferred Plastic in Automotive Additives
Polypropylene (PP) is likely to be one of the highly used plastic in the automotive additives market. Polypropylene is estimated to surpass US$ 2,900 million revenue towards 2022 end.
Automotive Additives to Find Largest Application in the Interior of the Vehicle
Interior of the vehicle is likely to be the largest segment for automotive additives applications. Interior application of automotive additives is estimated to bring in nearly US$ 2,700 million revenue by 2022 end. Although automotive additives are also being used on the exterior of a vehicle. Hence, exterior application of automotive additives are likely to experience steady growth.
The report provides a coherent analysis on the automotive additives market with the assistance of qualitative and quantitative analysis. The report also focuses on the dynamics of the automotive additives market, elucidating drivers, opportunities, restraints and trends. Further, the report delves into the segregation of the market to offer a holistic picture of automotive additives.
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The report includes preface and executive summary delineating automotive additives market. The report also includes market overview section which sheds light on industry evolution, market revenue projections and value chain analysis. The overview section also delves into Porters' Five Force analysis which robustly reveals the competitive scenario pertaining to automotive additives market. The report also has a market outlook section which delineates reimbursement scenario on basis of region and focuses on technological advancements.
Automotive Additives Market: Competitive Scenario
The report also profiles companies that are operating in the automotive additives market, which include Saudi Basic Industries Corp, Akzo Nobel NV, Covestro AG, LANXESS AG, BASF SE, The Dow Chemical Company, Clariant AG, Solvay SA, Croda International PLC, Evonik Industries AG, ExxonMobil Corporation, and Kaneka Corporation.
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