Alternative Sweetener Market - Forecast 2022-2027

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Automotive Plastics Market Market
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share,
Market Report 2022-2027
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(1) 970-236-3677
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• The Automotive Plastics market size is estimated
  to reach US53.8 billion by 2027 after growing at
  a CAGR of 5.4 during the forecast period
  2022-2027. 
• Automotive Plastics are specialty plastic
  materials that are used to enhance the safety,
  performance, and functionality of vehicles. 

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• Key Takeaways
• Asia-Pacific dominates the automotive plastics
  market, owing to flourishing lightweight
  automotive production, established base for light
  electric vehicles, and rising demand for
  passenger vehicles in APAC, thereby boosting its
  growth in the APAC region.
• The rising emphasis on fuel efficiency and
  lightweight automotive vehicles to reduce carbon
  emissions and limit fuel consumption creates a
  drive for the automotive plastics market during
  the forecast period.
• However, the recyclability issues and emergence
  of alternatives such as bioplastics, carbon
  fiber-based plastics, soy, and hemp-based
  polymers.

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By Distribution Channel- Segment Analysis The
Polypropylene (PP) segment held the largest share
in the automotive plastics market in 2021 and is
forecasted to grow at a CAGR of 5.7 during the
forecast period 2022-2027. The growth of
polypropylene (PP) plastic in automotive
applications is due to its advantages and
preference over other automotive plastics. The
superior features of PP such as fuel efficiency,
cost-effectiveness, lightweight, and high
suitability for low-friction applications boost
its demand compared to other engineered plastics
options that are not cost-effective and
lightweight. Moreover, the versatility and
preference of PP for light vehicles and
fuel-efficient vehicles over other automotive
plastics such as polyurethane (PU), acrylonitrile
butadiene styrene (ABS), and others are thereby
propelling the demand for polypropylene
automotive plastics. 
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• Automotive Plastics Industry Outlook 
• BASF 
• Covestro 
• Solvay 
• Evonik 
• Arkema 
• LG Chem
• Dupont
• SABIC
• LyondellBasell 

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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id500416

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
Inquiry Before Buying
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