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In 2020,global automotive plastic market value is expected to exceed $40 billion

2015-6-27 21:19:43

 In recent years, energy saving and consumption reduction is constantly forcing to automotive lightweight design. In order to better adapt to the increasingly rigorous market regulations, many auto parts manufacturers have been looking for environmental friendly materials instead of traditional plastics. Affected by this, automotive high-performance thermoplastic plastic is highly welcome.Pigment Carbon Black

  Researchers say that currently automotive plastic industry is in a top development period. The weight of high-performance polymer in the future will be more light, impact resistance and heat-resistant performance will also be much better.

  A well-known market research institution——Grand View Research recently in a published report predicted that in 2020,global automotive plastic market value is expected to exceed $40 billion to $ 41.5 billion. We are told that the rising of automotive plastic industry’s demand benefits from some rigorous regulations, such as USA CAFÉ’s publishing and a series of great breakthroughs during new material research.Carbon Black N330

  Report indicates that during so many different kinds of materials, engineering plastic still has its own strong competition. In recent years, CFRP and some other new materials have widely been used in auto production field, while these materials are only used in some high-end vehicles before.

  Market analyst says that global automotive plastic industry varies very often, the whole automotive plastic market will be in a high extent once better in performance and lighter in weight environmental friendly material occurs, and then some traditional plastic will be eliminated automatically.

  Plastic heat-resistant used in old cars is too bad, so it can’t meet the demand of current market. In future years, PEEK, PMMA, TPV, TPO, etc. engineering plastic will become the popular auto parts production materials because they can bear the extreme environment of high temperature and high pressure.Carbon Black N550