The global automotive plastics market continues to expand from the Asia Pacific region

[ Jiuzhi Plastics News] Automotive plastics play a vital role in the construction of the modern automobile industry due to low cost, flexible design, chemical resistance and aesthetics. The plastics use in the automotive industry has increased year by year. Fundamentally, the automotive industry uses automotive plastics. The main applications of automotive plastics are the body, hood, casing and electrical components. Among all materials used in the outer casing, plastic is the most widely used due to its low cost.
The classification of the global automotive plastics market is based on geographic environment segments including North America, Europe, Asia Pacific, Middle East and Africa. According to market research, the Asia-Pacific automotive plastics market is the largest market due to the rapid development of the application industries in China, Japan and India. The size of the Asia Pacific automotive plastics market may show the highest increase during the forecast period. The growing demand for the automotive industry in China, India, Taiwan and South Korea has made the Asia Pacific automotive plastics market the largest consumer. China is a major country for mass production of automotive end users. The Asia Pacific region dominates the global automotive plastics market, which accounted for more than 55% of global automotive plastics demand in 2016. In addition, the growing automobile industry in developing markets such as India and China and the developed economies in Japan's Asia-Pacific region is growing, which is a major factor in the increasing demand for automotive plastics worldwide. In addition, the secondary market for the automotive industry in South Asia and Latin America has also affected the demand for automotive plastics in the Asia Pacific region.
The second largest market for automotive plastics is in Europe, including Germany, Italy and France. It is mainly used in various automotive applications, such as airbags, made of high-strength nylon or reinforced polyamide fibers. Air cushion impacts in frontal collisions. Reduce damage and play a role in safety protection. In addition, headlamps made of plastic can be molded into any imaginable shape, which allows the lamp to adapt to different lighting conditions, thereby increasing visibility. The third largest market for automotive plastics is in North America, where the automotive plastics market is growing due to growth in interiors, hoods, enclosures and electrical components.
Manufacturing expansion of key companies in all areas of the automotive sector will increase demand in the automotive plastics market. The growth of auto manufacturing investment in Mexico will lead to an increase of nearly 55% in auto production next year. Due to the growth of the automotive industry, the automotive plastics market has also seen growth in Latin America and the Middle East.

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