Automotive Plastics Market Analysis, Trends, and Forecasts, 2025 - Global Market is Projected to Grow by $34.6 Billion

DUBLIN, Nov. 5, 2019 /PRNewswire/ -- The "Automotive Plastics - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The Automotive Plastics market worldwide is projected to grow by US$34.6 Billion, driven by a compounded growth of 11.3%

Acrylonitrile Butadiene Styrene (ABS), one of the segments analyzed and sized in this study, displays the potential to grow at over 13%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$7.2 Billion by the year 2025, Acrylonitrile Butadiene Styrene (ABS) will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 9.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.4 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.1 Billion worth of projected demand in the region will come from the rest of the European markets. In Japan, Acrylonitrile Butadiene Styrene (ABS) will reach a market size of US$136 Million by the close of the analysis period.

As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 14.6% over the next couple of years and add approximately US$8.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

• Akzo Nobel NV
• BASF SE
• Borealis AG
• Covestro AG
• Dow Inc.
• Evonik Industries AG
• Grupo Antolin-Irausa SA
• Hanwha Azdel, Inc.
• Johnson Controls, Inc.
• Lear Corporation
• Magna International, Inc.
• Momentive Performance Materials, Inc.
• Owens Corning
• Royal DSM NV
• SABIC (Saudi Basic Industries Corporation)
• Teijin Ltd.

Key Topics Covered:
 
1. Market Overview

2. Focus on Select Players

3. Market Trends & Drivers

4. Global Market Perspective

For more information about this report visit https://www.researchandmarkets.com/r/qci46u

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/automotive-plastics-market-analysis-trends-and-forecasts-2025---global-market-is-projected-to-grow-by-34-6-billion-300951734.html

SOURCE Research and Markets