Luton, Bedfordshire, United Kingdom, July 07, 2024 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Automotive Plastic Additives Market
“Global Automotive Plastic Additives Market Research Report 2024-2030” is a valuable source of insightful data for business strategists. It provides an industry overview with growth analysis and historical and future cost, revenue, demand and supply data (if applicable). Research analysts provide detailed explanations of value chain and retailer analysis. This Automotive Plastic Additives market study provides comprehensive data that enhances the understanding, scope and application of this report. This report also provides an analysis of the impact of the COVID-19 pandemic on the industry.
The global automotive plastic additives market size was valued at USD 6.49 billion in 2020 and is projected to reach USD 12.30 billion by 2029, with a CAGR of 7.36% from 2022 to 2029.
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Top leading companies in the global Automotive Plastic Additives market includes:
Hitachi Limited, Siemens AG, Trimble, Inc., Wabtec Corporation, Huawei Investment & Holding Co., Ltd, Robert Bosch GmbH, Nokia Corporation, Cisco Systems, Inc., IBM Corporation, Atos Corporation, Sierra Wireless, Tech Mahindra Limited, Calamp Corp.
Recent Development:
May 17, 2023 – By utilising the findings of 3D sensing of the surrounding vehicle environment, Hitachi Astemo, Ltd. created an autonomous driving technology that aids in safely and smoothly passing by incoming cars on tight highways and in other scenarios. Utilising 3D sensing data from new stereo cameras with enhanced cost advantages, Hitachi Astemo sought to increase its cost competitiveness.
May 16, 2023 – Innovator in cloud and software-as-a-service (SaaS) application data discovery, continuous monitoring, and security, and a solution to the rising shadow data issue, Polar Security was bought by IBM.
The market for automotive plastic additives is primarily driven by the rising demand for lightweight automobiles. To decrease vehicle weight, improve fuel economy, and lower emissions, the automobile industry uses lightweight materials including plastics and composites. The need for automotive plastic additives that can enhance the strength, use, and processing of plastics has increased as a result of this. The automobile sector is using plastics increasingly frequently due to their low cost, adaptability, and simplicity of processing. The need for automotive plastic additives that may enhance the qualities of plastics, such as their strength, durability, and processing, has increased as a result of this.
Automotive Plastic Additives Market segmentation:
Market segment by Type:
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle
Electric Vehicle
Market segment by Application:
Exterior Application
Interior Application
Under the Hood
Electronics & Electrical
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Investigator Observers Strong Growth in Specific Regions:
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa).
Some key questions answered in the Automotive Plastic Additives market report:
– What is the Automotive Plastic Additives market growth, sales, production, consumption, import and export, trends, latest developments, etc. of each region/country?
– Which key regions or Automotive Plastic Additives market segments will drive market development in the near future?
– The short-term and long-term factors affecting the industry due to COVID-19.
– Historical, current and future market development, growth and market size during the forecast period.
– The detailed qualitative analysis and quantitative insights provided in the report contribute to future growth.
– Comprehensive mapping of key players and the latest strategies adopted by industry players, Manufacturer behaviors analysis.
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Important functions under the reported products and main highlights:
– Detailed overview of the Automotive Plastic Additives Market
– Changes in industry market dynamics
– History, current and projected market size in terms of volume and value
– Detailed Automotive Plastic Additives market segmentation by type, application, etc.
– Recent industry trends and developments
– Competition Situation The high-frequency inductor market
– key company and product strategies
– shows promising growth potential and niche segments/regions
The research includes historical data from 2019 to 2024 and forecasts to 2030, making the reports an invaluable resource for industry managers, marketing, sales, and product managers, consultants, analysts, and others looking for key industry data in easily accessible documents with clearly presented tables and graphs.
Finally, the Automotive Plastic Additives Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Plastic Additives industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We offer customization on Automotive Plastic Additives market report based on specific client requirement:
1: Market Report in PDF and Excel format.
2: Access to 20% free customization.
3: Access to our analyst’s facts for the following 1 year.
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