Auto Plastics Market in China - Rapid Growth Pushes the Market to $11,044.9 Million in 2017
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DUBLIN--May 29, 2011: Research and Markets has announced the addition of Frost & Sullivan's new report "Strategic Analysis of Automotive Plastics Market in China" to their offering.
“Strategic Analysis of Automotive Plastics Market in China”
This research service titled Strategic Analysis of Automotive Plastics Market in China provides the Market Engineering measurements, industry challenges, market drivers and restrains and revenue forecasts by product type. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets by products: polypropylene, polyamide, polyurethane, acrylonitrile-butadiene-styrene (ABS), polyethylene and other engineering and high-performance plastics.
Market Overview
Rapid Growth of the Chinese Automotive Industry Spurs the $5,433.4-Million Automotive Plastics Market to $11,044.9 Million in 2017
High-performance Plastics to Offset the Challenges of Market Maturity
With a market volume of 13.79 million cars including passenger and commercial vehicles, China became the largest automotive producer in 2009. The automotive market in the country is expected to continue growing rapidly in the next three to four years, creating a vast market for automotive plastics. This feverish pace of growth of the end-user market has been backed up by favourable government policies. Subsidy program for auto replacement and incentives for new energy vehicles will encourage the production of more automobile and thereby, increase the volume of automotive plastics. Safety regulations for the automotive industry will also have a bearing on the automotive plastics market. For example, energy absorption systems are considered mandatory in the front bumper systems of passenger vehicles, says the analyst of this research. This bodes well for the polypropylene foam block, which is a successful collision energy-absorption solution.
The thrust provided by the government notwithstanding, the high maturity of plastics for certain vehicle parts will limit its future growth. Market participants will still be optimistic about their prospects due to the potential of engineering and high-performance plastics in exterior and under-the-hood applications. Supplying high-quality products with complete technical service will also stand the plastics suppliers in good stead in China. The market can also stave off the challenge from light metals in passenger vehicles, as advanced plastics can lower the weight of the automobile. A 10 per cent reduction in the weight of the automobile translates to a 6-8 per cent decrease in fuel consumption, making plastics more attractive to vehicle manufacturers. Further, as plastics can be recycled and re-used, resource consumption for the manufacturing process of plastics is lower than that of other materials such as metal and glass, notes the analyst. Hence, economy of resources is another driver for the development of automotive plastics.
Close cooperation between plastic and vehicle manufacturers can go a long way in producing vehicles with high-energy efficiency, environment friendliness and cost effectiveness. Plastics manufacturers can contribute to this common goal by providing valuable technical support to the industry.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product Type
- Polypropylene
- Polyamide
- Polyurethane
- Acrylonitrile-Butadiene-Styrene (ABS)
- Polyethylene
- Other Engineering and High Performance Plastics
Key Topics Covered:
1. Executive Summary
2. Total Chinese Automotive Plastics Market
3. Analysis by Application
4. Polypropylene in Automotive Market
5. Polyamide in Automotive Market
6. Polyurethane in Automotive Market
7. Acrylonitrile-Butadiene-Styrene (ABS) in Automotive Market
8. Polyethylene in Automotive Market
9. Other Engineering and High Performance Plastics in Automotive Market
10. Perspective and Strategic Conclusions
11. About Frost & Sullivan
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