Automotive Plastics Market for Passenger Cars in the Asia-Pacific Region is Projected to Register a High CAGR of more than 9.5%

Date: 2015-08-10

“Automotive plastics are used in various applications to help in weight reduction, improve aesthetics, vibration and noise control, and cabin insulation. Their key applications include interior, exterior, and under bonnet. Interior is the largest application of automotive plastics for passenger cars, followed by exterior and under bonnet. Asia-Pacific is the largest market for interior application of automotive plastics, followed by Europe. The market for exterior application of automotive plastics is projected to witness the highest growth among all applications because of their properties, such as easy paint-ability, conductivity, and low coefficient of linear thermal expansion which makes them suitable for use in automotive exteriors, such as bumpers and fender covers.

The automotive plastics market for passenger cars in the Asia-Pacific region is projected to register a high CAGR of more than 9.5% between 2015 and 2020. Increase in disposable income of individuals is among the major reasons for same. The said market in RoW is projected to witness a CAGR of over 10.0% between 2015 and 2020. 

The automotive plastics market for passenger cars has been segmented based on region into Asia-Pacific, Europe, North America, and RoW. The report covers a country level study for the said market in fourteen countries including China, Japan, South Korea, India,  Germany, France, Spain, U.K., U.S., Canada, Mexico, Brazil, Argentina, and South Africa.

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