MRC Announces the Publication of its Research Report – Global Plastics Market for Passenger Cars Industry 2017-2021

The latest industry research report on Plastics Market for Passenger Cars Industry by MRC provides a thorough analysis of the  Plastics Market for Passenger Cars Industry . The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Plastics Market for Passenger Cars industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.

MRC recognizes the following companies as the key players in the global plastics market for passenger cars industry: BASF, Borealis, Covestro, LANXESS, and Royal DSM

Other Prominent Vendors in the market are: Clariant, FOMPAK, HÜBNER, INEOS Styrolution, Radici Partecipazioni, SABIC, Tata AutoComp Systems, and Trinseo

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Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Emergence of bioplastics. There has been an increasing use of bioplastics in automobiles in recent years. Leading automobile manufacturers such as Mercedes-Benz use bioplastics in their automotive car parts with the aim of reducing the environmental impact. Bioplastics can be bio-based, biodegradable, or both. The bioplastics that are being implemented in the automotive market are bio-based polyamides, Polytrimethylene terephthalate (PTT), and bio-based polyolefins. Bioplastics help save scarce resources and reduce the dependence on the price-volatile energy market, thus reducing the environmental impact.”

According to the report, one of the major drivers for this market is 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.

Further, the report states that one of the major factors hindering the growth of this market is Joining dissimilar materials poses a challenge. Materials such as metals, composites, and plastics are used to make the body of a passenger car. All these materials have different structural characteristics, but must be used in conjunction. These materials must be joined by a stable and reliable process. The car body is primarily made of metals, and the common method of joining metals is welding, which cannot be used to join plastics. Thus, the joining of plastics with metals as well as other materials remains a challenge for this market. Adhesives are generally used for multi-materials cars, but more cost-effective methods need to be developed.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments. It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.

Key Topics Covered in the Report:

• Comprehensive overview of parent market with market definition, classification
• Recognition of factors influencing the market scenarios and analysis of market drivers, barriers, and their impact on the market growth
• Current and future market trends, market scope and detailed market segmentation on the basis of application, region, and competitive scenario
• Value Chain Analysis, Strategic insights, and market estimations
• Technology, trends, developments, and changing market dynamics of the Cannabis Testing industry
• Facts, stats, historical data, market size forecast regarding volume and value
• Analysis of competitive landscape and assessments on a regional scale with company profiles of leading market players, finance metrics, product offerings and key business strategies and growth prospects for the projected period
• Insights on prospective opportunities and challenges, success and risk

The report brings to your attention analysis of the Plastics Market for Passenger Cars Industry in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions. It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.

Report Details @  https://marketreportscenter.com/reports/562304/global-plastics-market-for-passenger-cars-industry-2017-2021

Market Scope

The research report takes different facets into consideration to scrutinize the  Plastics Market for Passenger Cars Industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.

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