Global Automotive Engineering Plastics market cagr 8.9%

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Automotive Engineering Plastics Market

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Automotive Engineering Plastics Market Size and Growth

The Automotive Engineering Plastics market is witnessing substantial growth, driven by increasing demand for lightweight materials and enhanced fuel efficiency. The market size is projected to reach approximately $5.8 billion by 2025, reflecting a CAGR of around 7%. Key trends include innovations in material performance and sustainability initiatives across the automotive sector. Request Sample Report

Companies Covered

(Covid 19 Impact Covered)

◍ Toray

◍ DIC

◍ Solvay

◍ Celanese

◍ Kureha

◍ SK Chemical

◍ Tosoh

◍ Sumitomo Chemical

◍ SABIC

◍ Polyplastics

◍ BASF

◍ Covestro

◍ Lyondellbasell

◍ Mitsubishi Rayon

◍ Teijin

◍ Evonik

◍ Lanxess

◍ Asahi Kasei

The Automotive Engineering Plastics Market features key players like Toray, DIC, and Solvay, focusing on innovative materials for lightweight, durable components. Companies enhance market growth through R&D, sustainability initiatives, and strategic partnerships. Sales figures indicate significant revenues, with Solvay approximating $10 billion and SABIC around $37 billion.

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Market Segmentation

By Application

◍ Automotive Body and Roof Panels

◍ Automotive Hood

◍ Automotive Chassis

◍ Interiors and Others

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By Product

Thermosetting Type

Thermoplastics Type

Market Growth

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$ X Billion USD

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