Nov 6, 2017   SOURCE: BusinessWire

Global Plastics Market for Passenger Cars Industry 2017-2021: Growing Demand for Carbon Fiber-Reinforced Plastics (CFRP) - Research and Markets

The "Global Plastics Market for Passenger Cars Industry 2017-2021" report has been added to Research and Markets' offering.

The global plastics market for passenger cars industry is expected to grow at a CAGR of 9.37% during the period 2017-2021.

The report, Global Plastics Market for Passenger Cars Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One of the major drivers for this market is the growth in lightweight materials for automotive industry. There is a need for lightweight materials in the automotive industry. The lightweight materials used in the automotive industry are high-strength steel, aluminum, composites, magnesium, and plastics. The global lightweight materials market is expected to grow at a rate of more than 8.5% during the forecast period, and plastic materials are expected to grow at a CAGR of more than 10%.

The major driver for the growth of lightweight materials is the consumer demand for more fuel-efficient cars. With the growing awareness about climate change, increasing concerns for environmental issues, and increasing the cost of fuel, the customers are demanding lighter vehicles to save on fuel. It expected that the passenger cars market would grow by 14.51 million units by 2021 as compared to 2016. Thus, the major focus will be on lightweight materials to ensure fuel efficiency and to comply with the stricter environmental regulations.

Key vendors

  • BASF
  • Borealis
  • Covestro
  • Lanxess
  • Royal DSM

Other prominent vendors

  • Clariant
  • INEOS Styrolution
  • Radici Partecipazioni
  • Tata AutoComp Systems
  • Trinseo
  • Others

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Market Segmentation By Materials

Part 08: Regional Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/h5l48c/global_plastics