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Asia Pacific Automotive Plastics Market Forecast 2019-2027

KEY FINDINGS

The Asia Pacific automotive plastics market is expected to propel at 10.15% CAGR during the forecasting years of 2019-2027. The regional market of APAC had captured xx% of estimated market share in 2018 and is expected to capture xx% by the end of 2027. The efficient government regulation on fuel efficiency & vehicle weight, growing vehicle production coupled with the various expansion activities performed by automotive manufacturers in the Asia Pacific region are necessarily driving the regional market.

MARKET INSIGHTS
India, China, Japan, South Korea, Australia and the remaining countries constituting the Rest of Asia Pacific segment are considered for the market study. The Indian market is expected to grow the fastest in the region. In India, as per the Centre for Science and Environment, in February 2017, the government proposed implementation rules for optimized fuel consumption norms for passenger cars. These norms are implemented to reduce the climate impact of motorization, and through these norms, the Indian Government is planning to bring forth the energy efficient technologies. The automobile manufacturers in the country are more likely to adopt lightweight materials to reduce CO2 emissions further. Also, growing vehicle production along with the activities performed by automotive manufacturers is expected to create lucrative growth opportunities for the automotive plastics market across India.

COMPETITIVE INSIGHTS
The eminent market players operating in the automotive plastics market are Lear Corporation, Chi Mei Corporation, Idemitsu Kosan Co., Ltd., Mitsubishi Chemical Corporation, Engel Austria GmbH, Trinseo S.A., Johnson Controls, Royal DSM, Magna International, Evonik Industries, Teijin Ltd., Covestro AG, BASF SE, Sumitomo Chemical Co. Ltd., AkzoNobel CV, Webasto SE, Dow Chemical Company, Sabic, KRD Sicherheitstechnik GmbH, Renias Co., Ltd. and Owens Corning Corporation.
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Asia Pacific Automotive Plastics Market Forecast 2019-2027
Published By :Inkwood Research
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