Light-weighting Role of Performance Plastics in the European Automotive Market
This research service identifies the major drivers and restraints and regional, technology and application segment trends in the European automotive plastics market. The study covers the Eastern and Western European markets. It provides in-depth analysis on performance plastics such as PP, PU, PA, PC, ABS, HPP, blends and other compounds, with percentage splits across regions and by chemistries. Competitive structure and market share analysis have been done at the RS level. Unit shipment and revenue forecast and pricing trends have been provided for each of the segments. The base year is 2012 and the forecast period ends in 2019. Three big predictions are offered about the future of the market.
The European automotive industry is at the forefront in terms of technological advancements. It is focused on light-weighting strategies and enhancing passenger comfort. Housing the major global automotive manufacturers, the demand for plastics is projected to accelerate during the forecast period.
Growing environmental concerns, along with regulatory trends to reduce carbon footprint, have steered the focus of automotive original equipment manufacturers (OEMs) to continuously reduce fuel consumption and carbon-dioxide (CO2) emissions from vehicles.
The use of plastics in automotive applications not only offers advantages such as decreased fuel consumption, weight reduction, environmental sustainability and enhanced design flexibility but also delivers passenger safety features.
Safety functionalities such as shock absorption in bumpers, materials to reduce explosion risks in under-the-hood (UTH) applications and life-saving accessories such as air bags and seat belts are accelerating the need for materials that offer increased design freedom, aid in light-weighting and deliver cost-competitiveness.
Dynamics in the automotive plastics market centre around metal replacement opportunities in certain applications and the substitution of competing plastic compounds and reinforced and composite materials in different applications.
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