Grand View Research has announced the addition of "Global Automotive Plastics Market Analysis And Segment Forecasts To 2020" Market Research report to their Database
San Francisco, California, USA., July 25, 2014 - (PressReleasePoint) -The global market for automotive plastics is expected to reach USD 41.49 billion by 2020, according to a new study by Grand View Research, Inc.
Polypropylene emerged as the leading product segment and accounted for 37.6% of total market volume in 2013, followed by polyurethane at 16%. Polyurethane is also expected to be the fastest growing product segment, at an estimated CAGR of 9.9% from 2014 to 2020.
Further key findings from the study suggest:
• Global automotive plastics demand was 7,962.1 kilo tons in 2013 and is expected to reach 14,851.0 kilo tons by 2020, growing at a CAGR of 9.4% from 2014 to 2020.
• The global market for automotive plastics is fairly concentrated with top four companies including BASF, Johnson Control Inc., Evonik Industries and AkzoNobel accounting for just over 55% of total market in 2013.
For the purpose of this study, Grand View Research has segmented the automotive plastics market on the basis of product, application and region:
• Global Automotive plastics Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. For more information, visit http://www.grandviewresearch.com/
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