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NEW YORK, Feb. 17, 2021 /PRNewswire/ Due to a growing emphasis on a higher fuel economy, heavy materials, such as glass and metals, are being replaced by lighter variants, including polycarbonate (PC), in the automotive industry. As a result, the global polymer market size is expected to increase from $533.6 billion in 2019 to $838.5 billion by 2030, at a 5.1% CAGR between 2020 and 2030, according to P&S Intelligence. This is because PC and other polymers have excellent electrical, mechanical, insulating, optical, and chemical properties, as well as a high strength-to-weight ratio and elasticity and corrosion resistance.
With time, almost 30% of all automotive components are now being made from polymers. Moreover, with the rising demand for electric vehicles, the polymer market will grow further, as these materials are used to make lightweight battery packs. As a result of the growing concerns regarding air pollution, the need for lightweigh
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According to Zeal Insider, the Automotive Interior Plastic Components market was at valued at US$ xx million in 2019 and is anticipated to rise at a CAGR of xx% during the forecast period from 2020 to 2028. The report on the Automotive Interior Plastic Components market compromises in-depth analysis covering key regional trends, market dynamics, and provides country-level market size of the Automotive Interior Plastic Components industry. Some of the major aspects considered during the course of research included product description, product classification, industry structure, various participants in the Automotive Interior Plastic Components market, etc. The report provides actual market values for 2018 and 2019 along with forecasts for the period from 2020 to 2028, and CAGR % measured for individual segments and regional markets.
Polymer Market to Hit $838 5 Billion Revenue by 2030: P&S Intelligence finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
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