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New York, Aug. 08, 2019 (GLOBE NEWSWIRE) -- By the increase in number of automobile, by the increase in population, by the growth of automobile sector are the factors for the growth of the Automotive plastic market. The global Automotive plastic market was valued at USD 29.22 Billion in 2018 and is expected to reach USD 67.51 Billion by year 2026, at a CAGR of 11.1 percent. Automotive plastic market is driven by the increase in usage of the automobile, such as personal cars, lightweight commercial vehicle, increase in global population. An average car consists of 5.8% to 10% of plastics in terms of overall vehicle weight, Plastic is light weight material, as compare to metal. Plastic offer enhanced properties, such as high impact strength, it can be easy mold, improved aesthetics, and it helps in reducing weight, as compared to conventional automotive components. Increase in Global vehicle ownership per capita, in 2010 it was 148 vehicles in operation per 1000 people which is increased to 174 vehicles per 1000 people in 2013. China has the largest motor vehicle fleet in the world, with 322 million motor vehicle. The 2017 Chevrolet Bolt has an ultra-thin innovative design Chevrolet found that plastics technology helps in reducing seatback thickness by 2 inches and mass by 6-8 pounds. Parts located close to engines should withstand high temperature environment and parts are exposed to a variety of corrosive fluids such as different lubricants and oils used in car. Conventional materials such as steel and aluminum which are used under bonnet are gradually being replaced by high-performing plastics. The 2014 Chevrolet Corvette introduce new innovative door trim technology reliant on plastics thermoplastic polyolefin material specifically developed for this application, the result is a door-trim skin, foil that offers lower abrasion and less scratch & marks, resulting in reduced cost and weight. Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1685 Further key findings from the report suggest To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/automotive-plastic-market Segments covered in the report: For the purpose of this report, Reports and Data has segmented the Automotive plastic market on the basis of Types, Applications and region: By Types (Revenue, USD Million; 2016–2026) By Applications (Revenue, USD Million; 2016–2026) Order Now: https://www.reportsanddata.com/checkout-form/1685 Regional Outlook (Revenue, USD Billion; 2016-2026) Browse more similar reports on Polymers and Resins category by Reports And Data Construction Adhesive Market - https://www.reportsanddata.com/report-detail/construction-adhesive-market High Melt Strength (HMS) Polypropylene Market - https://www.reportsanddata.com/report-detail/high-melt-strength-hms-polypropylene-market Methacrylate Monomers Market - https://www.reportsanddata.com/report-detail/methacrylate-monomers-market About Reports and Data Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.Contact Us:John WatsonHead of Business DevelopmentReports And Data | Web: www.reportsanddata.comDirect Line: +1-800-819-3052E-mail: sales@reportsanddata.com
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