Portland, OR -- (SBWire) -- 06/12/2017 --Plastics and engineered polymers are used in a wide range of automotive applications in manufacturing exterior and interior components like bumpers, doors, safety and windows, headlight, side view mirror housing, trunk lids, hoods, grilles, and wheel covers. These high-performance plastics are being used in automotive industry because of their good mechanical properties and excellent appearance. These high-performance plastics make cars more energy efficient by reducing weight, along with providing durability, corrosion resistance, toughness, design flexibility, resiliency, and high performance at a low cost.

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Increased advancements in automotive industry and versatile property of plastic such as impact resistance, resistance to abrasion, scratch resistance, thermal stability, and easy moldability are the key drivers of the automotive plastics market. Stringent governmental regulations toward reducing vehicular emission has led in the shift to light weight plastics from metal. However, high cost of raw material and non-degradable nature of automotive plastics pose a threat in the growth of the automotive plastics market during the forecast period.

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AUTOMOTIVE PLASTICMARKET KEY SEGMENTS:

By Type

- Polypropylene
- Polyurethanes
- Polyvinyl Chloride
- Acrylonitrile butadiene styrene
- High density polyethylene
- Polycarbonates
- Polymethyl methacrylate
- Polyamide
- Polyethylene terephthalate

By Application

- Exterior
- Interior
- Under Bonnet

By Geography

North America
- U.S.
- Canada
- Mexico

Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe

Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific

LAMEA
- Brazil
- Turkey
- Africa
- Rest of LAMEA