GLOBAL AUTOMOTIVE POLY PLASTICS MARKET

INTRODUCTION

 Polypropylene, a highly durable polymer created from propylene, is by far the most prevalent polyplastic used in autos. Polypropylene is utilised in a wide range of products, including bumpers, cable insulation, and carpet fibres, due to its strength and resilience to chemicals.

GLOBAL AUTOMOTIVE POLYPLASTICS MARKET SIZE AND FORECAST

The Global Automotive Polyplastics market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

MARKET DYNAMICS

Engineering plastics supply for the automotive, electronic, and medical industries is expanded by polyplastics. To meet demand for applications like 5G, millimetre wave equipment, and EV connectors, among others, Polyplastics is increasing its LCP production capacity.

In order to better respond to market growth, the firm has extended liquid crystal polymer (LCP) sales to Europe, the Middle East, Africa, and the Americas. At the same time, it has made strategic investments in capacity. Its expanding customer base in Europe is served by the one-stop shop for technical support.

Their ongoing dedication to the European engineering plastics sector is reaffirmed by this investment.In addition, Polyplastics will emphasise its improved capabilities to supply the world, which includes plans to build a new polyacetal (POM) production facility in Jiangsu Province's Nantong Economic Development Zone. 

Two phases are proposed for a production capacity of 150,000 tonnes annually. The expanded capacity will lower shipping costs, shorten lead times, and meet the increased demand for POM.

To expedite customer moulding trials, resolve processing concerns, and assist application development and other group projects, the company installed an injection moulding machine.

The most cutting-edge technologies, cutting-edge ideas, and novel materials from Polyplastics are on display in a new showroom.The LCP business of Polyplastics intends to build a new polymerization plant with a production capacity of 5,000 tonnes per year, helped by the rapid growth of the electrical and electronic industries. 

Growing investment in 5G equipment has led to an upsurge in LCP market demand in recent years. With the widespread deployment of 5G and millimetre-wave devices, LCP applications are anticipated to continue growing.

A wider range of applications are being examined for the use of eco-friendly resins that contain natural fibres, starch, wood powder, and other plant-based and natural mineral filler components. Although cellulose is a promising material for lowering CO2 emissions, it is constrained by a lack of strength. By utilising regenerated cellulose in the creation of LFT resins with an outstanding balance of physical qualities, Polyplastics has solved this issue.

COMPANY PROFILE

• Automotive Technology
• NSJ Automotive
• Sabic
• Dow Inc
• Teijin Ltd

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many  Automotive Polyplastics  are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global  Automotive Polyplastics  and key vendor selection criteria
3. Where is the  Automotive Polyplastics  manufactured? What is the average margin per unit?
4. Market share of Global  Automotive Polyplastics  market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global  Automotive Polyplastics  in-house
6. key predictions for next 5 years in Global  Automotive Polyplastics  market
7. Average B-2-B  Automotive Polyplastics  market price in all segments
8. Latest trends in  Automotive Polyplastics  market, by every market segment
9. The market size (both volume and value) of the  Automotive Polyplastics  market in 2023-2030 and every year in between?
10. Production breakup of  Automotive Polyplastics  market, by suppliers and their OEM relationship