A market research companyThe Future Market InsightsReleased its latest called "auto plastic market: 2015-2020, the brics industry analysis and opportunity assessment report., according to a report in 2014, the brics auto plastic market output value is 11.2444 billion, 2015 and 2020 will grow at a compound annual growth rate 15.4%.
Bric automotive plastics market in 2014, the car interior parts of higher income compared with exterior trim and hood components.With plastic type, PP material with 31% of the output value at the top, followed by PU, ABS and PC.Compared with metal, this is due to the easy shaping and quality characteristics of the light.
In the forecast period, because the brics high-grade car demand continues to grow, the PP material is expected to dominate these four car plastic market, at the same time, the ABS is expected to have the highest compound annual growth rate, because it is in an increasing number of car inner decoration applications.Passenger car market is expected to have a compound annual growth rate of 17%, and the commercial vehicle market, there will be the fastest growth.Aftermarket by damaged parts to replace old and more and more global taxi/car rental service is growing.
The growth of the bric car plastic market factors, such as the growing demand of passenger cars, automotive plastic parts export demand and strict emission national standard.At the end of 2016, India "Bharat Stage - IV" motor vehicle arch and fuel quality standards will launch in 50 major cities.These standard rules will stimulate automobile manufacturers to produce more plastic motor vehicle.Although the market returns can be seen, but patent, regulatory hurdles and plastic material change trend of the global biological basis for the brics plastic market challenge.
Bric car plastic market in essence is distributed, there are a lot of local or international companies on the market.Which has a large potential market.Recently, the government announced that India's manufacturing activity under the Automotive Mission Plan (AMP) II the Automotive Mission Plan II, 2016-26 ", this program the key in the car park development, establish training school advanced automobile industry and automobile design center.These factors powered the brics is expected to forecast the development of plastic industry.
(sbwire.com)