Automotive Bioplastic Market Oct 03,2019
Report Id : REP-GB-10531 Status : Published Category : Healthcare, Pharmaceuticals & Medical Devices ©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2) Systematic Research Approach 1 Market profiling
2 Formulating discussion guide
3 Developing list of respondents
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In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. PMR formulates a detailed discussion guide to conduct expert and industry interviews PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
Data collection
PMR conducts interviews with industry experts, industry players, distributors and retailers
Data validation
Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry PMR delivers industry insights and information in the required format (PDF)
Data Collection
Research & Intelligence
Data Filter & Analysis
Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain
Actionable Insights
A Primary Research
B SOLUTION
Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments
Primary Research #
Linkedin Zoominfo Salesforce Avention
Business Solution
Desk Research
C
Key industry experts Channel study Developments Market dynamics Products Conclusions
Company Analysis
Secondary Research #
Company websites Company annual reports White papers Financial reports
Paid Publications#
Factiva GBI Genios Meltwater
# includes sources of databases
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Automotive Bioplastic Market Automotive Bioplastic Market is anticipated to grow at a CAGR of ~11% during 2019 to 2029 VALLEY COTTAGE, N.Y., (GLOBE NEWSWIRE) -- 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.
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Automotive Bioplastic Market Automotive bioplastic materials tend to reduce dependency on fossil resources, according to FMI’s analysis. Automotive bioplastic materials are not as affected by oil price instability the way petroleumbased 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.
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Automotive Bioplastic Market 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 today’s modules. Companies are heavily investing in research & development and manufacturing strategies to reduce the weight of several body components. OEMs prefer bioplasticbased 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 materials. 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.com/newsrelease/2019/10/07/1925831/0/en/Automotive-Bioplastic-Market-is-anticipated-to-grow-at-a-CAGR-of11-during-2019-to-2029-Future-Market-Insights.html
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Automotive Bioplastic Market Related Press Release: • Geosynthetics Market is estimated to grow at a CAGR of ~10% over the forecast period of 2019 to 2029
• Alumina Trihydrate Market is anticipated to rise at a CAGR of ~8% throughout the forecast period of 2019 to 2029 • Drag Reducing Agent Market is expected to grow at a CAGR of ~ 6% during the forecast period of 2019 to 2029
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