Automotive Bioplastic Market  to increase at a CAGR of ~11% through 2019 - 2029 - PowerPoint PPT Presentation

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Automotive Bioplastic Market  to increase at a CAGR of ~11% through 2019 - 2029


East Asia is estimated to account for 1/4th of the revenue share of the automotive bioplastic market by the end of 2029 – PowerPoint PPT presentation

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Title: Automotive Bioplastic Market  to increase at a CAGR of ~11% through 2019 - 2029

Automotive Bioplastic Market
  • October 2019

Report Id REP-GB-10531 Published On
Oct-2019 Category Chemicals and Materials
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Automotive Bioplastic Market Analysis
  • Recent research Automotive Bioplastic Market
     is expected to grow at a CAGR of 11 by
    2019 - 2029
  • VALLEY COTTAGE -- Future Market Insights (FMI)
    has published a new research study on
    the automotive bioplastic market that contains
    global industry analysis for 2014 - 2018 and
    opportunity assessment for 2019 - 2029. The
    research study covers the latest trends, market
    influencing factors, key success factors,
    forecasting factors, macroeconomics factors, key
    information, and past market scenario. The report
    examines the automotive bioplastic market and
    delivers critical insights for the forecast
    period of 2019-2029.
  • The global automotive bioplastic market is
    estimated to be valued at US 521 Mn in 2019 and
    is expected to increase at a CAGR of 11 during
    the forecast period. As per the comprehensive
    analysis provided in the report, the global
    automotive bioplastic market is anticipated to
    witness considerable growth in the coming years
    owing to the steady increase in the adoption of
    bioplastic materials for various car components.
  • Application wise, the interior segment is
    expected to hold prominent value share of the
    global automotive bioplastic market. This segment
    includes seats, dashboard, air-duct, HVAC, and
    other related interior components.

Automotive Bioplastic Market Analysis
  • Automotive bioplastic materials tend to reduce
    dependency on fossil resources, according to
    FMIs analysis. Automotive bioplastic materials
    are not as affected by oil price instability the
    way petroleum-based materials are. Automotive
    bioplastics help reduce the dependency on limited
    fossil resources, which is a key growth driver
    for market, with fuel prices projected to surge
    significantly over the coming years.
  • Rising Demand for Electric Vehicles to Create
    High Growth Opportunities
  • Increasing environmental awareness and
    inconsistent fuel prices have influenced
    consumers, particularly in developed countries of
    North America and Europe, to opt for electric car
    models, such as plug-in hybrid electric vehicles
    (PHEV) and battery electric vehicles (BEV).
    Growing urban population, incentives for use of
    electric vehicles, reducing battery prices,
    strengthening transportation infrastructure in
    developed and emerging countries, and
    inter-governmental steps for electric vehicles
    are further driving the adoption of electric
    cars. This, in turn, is anticipated to contribute
    to the demand for automotive bioplastic materials
    during the forecast period.

Automotive Bioplastic Market Analysis
  • Governments have put immense pressure on
    automotive manufactures to reduce vehicle weight
    to achieve fuel economy. Nowadays, weights of
    vehicle modules in newer vehicles are much
    lighter than conventional ones, which had metal
    bodywork. It has been observed that these were
    nearly twenty percent heavier than todays
    modules. Companies are heavily investing in
    research development and manufacturing
    strategies to reduce the weight of several body
    components. OEMs prefer bioplastic-based
    materials over conventional raw materials (steel)
    for specific applications as these help reduce
    the weight of the vehicle significantly and have
    other technological advancements over other
  • The report highlights some of the prominent
    market players, who have established themselves
    as leaders in the global automotive bioplastic
    market. Few examples of key players in the
    automotive bioplastic market are Mitsubishi
    Chemical Corporation, Total Cobion PLA,
    NatureWorks LLC, Solvay Group, Eastman Chemical,
    Arkema Group, Braskem, Evonik Industries AG, BASF
    SE, and Dow Chemical Company, among others.
  • Press-release Source - https//www.globenewswire.c

Automotive Bioplastic Market Analysis
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    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.

Automotive Bioplastic Market Analysis
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