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Learn details of the automotive additive market value set to reach industry expectations by 2023

Automotive and Transportation Market Research

Automotive Additive Market By Type(Antioxidants, Plasticizers, Stabilizers, Anti-Scratch), By Plastic Type (Poly-Vinyl-Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS), Polyurethane (PUR), Polypropylene) By Application (Safety and Security, Body Control and Interiors, Infotainment)

GLOBAL AUTOMOTIVE ADDITIVE MARKET Make an Inquiry about this news was valued at USD 6.27 Billion in the year 2017. Global Automotive Additive Market is further estimated to grow at a CAGR of 6.45% from 2018 to reach USD 9.12 Billion by the year 2023.

Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.

BASF SE (Germany), Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (U.S.), Covestro AG (Germany), SABIC (Saudi Basic Industries Corp.) (Saudi Arabia), Clariant (Switzerland), Solvay (Belgium), Croda International Plc (U.K.), LANXESS (Germany), Evonik Industries AG (Germany), Kaneka Corporation (Japan), PolyOne Corporation (U.S.), are some of the key players in the Global Automotive Additive market.

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Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

             Increasing demand for Fuel efficiency

Restraints:

             Toxic and harmful to health 

Opportunities:

             Rising demand in the automotive sector

Challenges:

             Government Regulations to Meet Standards 

The major shares of the market come from Polypropylene, Plastic type in Global Automotive Additive Market. On the other hand, Interior, by application for this market is expected to grow at highest CAGR during the year 2018-2023.

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Key Benefits for Stakeholders

Automotive Additive Manufacturers, Distributors and Retailers

Research and Consulting Organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Type

Antioxidants

Plasticizers

Stabilizers

Anti-Scratch

Others

By Plastic Type

Poly-Vinyl-Chloride (PVC)

Acrylonitrile Butadiene Styrene (ABS)

Polyurethane (PUR)

Polypropylene

By Application Type

Safety and Security

Body Control and Interiors

Infotainment

Fuel and Emission Control

Engine Control and Cooling System

Others

By Vehicle Type

Electric Vehicles

            Hybrid Electric Vehicles (HEV)

            Plug-In Hybrid Electric Vehicles (PHEV)

            Battery Electric Vehicles (BEV)

Commercial Vehicles

            Light Commercial Vehicles (LCV)

            Heavy Commercial Vehicles (HCV)

By Application

Electrical and Electronics

Under the Hood

Interior

Exterior

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

BASF SE

Akzo Nobel N.V.

The Dow Chemical Company

Covestro AG

SABIC (Saudi Basic Industries Corp.)

Clariant

Solvay

Croda International Plc

LANXESS

Evonik Industries AG

Kaneka Corporation

PolyOne Corporation

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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