In 2018, the market value of global automotive pla

2022-06-17
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In 2018, the global market value of automotive plastics will exceed US $46billion

according to an analysis report recently released by marketsand markets, the global market value of automotive plastics in 2018 is expected to increase from US $21.616 billion in 2012 to US $46.112 billion. From 2013 to 2018, the compound annual growth rate of demand will be 13.4%

China and Malaysia enjoy good relations. Last year, the consumption of automotive plastics in the Asia Pacific region ranked first in the world, accounting for 50.5% of the global total. Followed by Europe and North America, the consumption of automotive plastics accounts for 28% and 11.3% of the global total respectively

in terms of types, PP is the largest in the global automotive plastics, accounting for 37% of the total consumption. The second is Pu and ABS resin, accounting for 17.3% and 12.3% respectively. In addition, due to the advantages of easy forming, sufficient supply and low cost, other plastic materials such as HDPE (10.8%), PC (6.8%), PMMA (4.4%) and composite materials (11.5%) are also used in the automotive manufacturing field year by year

in recent years, the concept of automobile lightweight has been deeply rooted in the hearts of the people. Affected by this, the demand for plastics in the automotive field has increased. Compared with other traditional materials such as high-speed steel and aluminum, automotive plastics have the advantages of easy forming, high impact resistance, light weight, beautiful appearance and so on. Low carbon steel hot-rolled disc bar gb/t 7 now there are many illegal vendors in the market who are using the price war to win customers 01 (9) 7 points

at present, the growing market demand for automotive plastics in the Asia Pacific region and the effective supply provided by local producers to meet the market demand have become a strong driving force for the growing global automotive plastics consumption

the global market value of automotive plastics will exceed US $46billion in 2018

note: this reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

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