Asia Pacific will continue to lead automotive plastics consumption

Markets' latest research report predicts that the global automotive plastics market is expected to grow at a compound annual growth rate of 13.7% over the next four years, from 22.155 billion US dollars in 2011 to 42.135 billion US dollars in 2016. From the perspective of consumption, the global demand for automotive plastics is expected to increase from 6.7 million tons in 2011 to 10.2 million tons in 2016, with a compound annual growth rate of 8.5%.

Among various automotive plastics, polypropylene will still be the dominant product, with consumption accounting for 36% of the total; followed by polyurethane, accounting for 17%; ABS accounting for 12%; composites accounting for 11%; and high-density polyethylene accounting for 10%. %; Polycarbonate 7%; Polymethacrylate 7%.

The Asia-Pacific region will continue to lead the automotive plastics consumption, which will account for 52% of global demand, 29% in Europe, 10% in North America, and 9% in other regions.