Automotive plastic market value of 100 billion giant material manufacturers competing

- Aug 31, 2019-

With the rapid expansion of the automotive industry and the increasing demand for automotive plastics, the Market value of automotive plastics will grow from more than $20 billion today to more than $50 billion by 2024, according to the latest research report of Global Market Insights.

54. The JPG

The potential of automotive plastics is so great, mainly due to the following driving factors:

First, the surge in passenger vehicle capacity and consumer demand for fuel-efficient, durable and lightweight vehicles;

Second, rapid industrialisation and urbanisation in China, India and Japan will drive demand for commercial vehicles, suvs, hyundai cars and HMV.

Moreover, the improvement of per capita income and living standard is also promoting consumers' demand for fashionable and beautiful cars, as well as the demand for driving experience.

Finally auto plastic is widely used in all kinds of automobile body and parts, including chassis, power transmission system, electronic components under the hood, outside the inner decoration and fuel system, automotive plastic is durable, scratch resistance, abrasion resistance, and can realize effective design shaping and component integration, realize the lightweight, the performance of shock absorption and noise control.

Automobile industry development up to now, has formed the new energy, lightweight, intelligent, four car networking development direction, as a new material of parts, automotive plastic can not only reduce automobile weight, reduce fuel consumption and emissions reduction, still can greatly reduce the purchasing cost, improve the safety of automobile power, your car, eventually making cars in the security reflects the best performance and cost savings.

The use of plastic parts in cars is increasing, and the quality of plastic is constantly improving.

In the developed countries of automobile industry, the use of plastic parts in automobiles has reached 10% ~ 15%, and the most can reach more than 20%.From the point of view of modern cars, every part of the car has the shadow of plastic.And, with the progress of plastics industry technology, some properties, strength and hardness of plastics have been improved.

From the development and progress trend of the automotive industry, the requirements for automotive materials are improving, and the material technology of structural parts is also developing towards the direction of cold resistance, corrosion resistance, high elasticity, high damping and other performance improvement.

The continuous emergence and wide application of high-performance structural materials will strongly promote the development of new products to the direction of smaller and smaller volume, lighter and lighter quality, less resource consumption, convenient processing and high production efficiency.

In addition, the potential of resin materials in the automotive industry is also increasing, with the report predicting that the demand for PU automotive plastics will increase by more than 10%.PU foam is commonly used to make headrest, dashboard skin, handrails and various other automotive interior accessories.

Among them, resin composite materials include carbon fiber reinforced plastic (CFRP), glass fiber reinforced thermoplastic materials, glass fiber mat reinforced thermoplastic materials (GMT), laminar molding materials (SMC), resin transfer molding materials (RTM) and hand paste FRP products.

Based on such a huge market prospect of automotive plastics, the giant material manufacturers have seized the initiative!


Innovative polyurethane interprets the healthy and quiet beauty of automobiles

Ksi creative is the inventor of polyurethane, the material manufacturer ksi creative is committed to creating a healthier and quieter interior environment to further promote the sustainable development of automotive materials

As an important automotive interior material, polyurethane can reduce volatile organic compounds (VOC) content and isolate noise.Many innovative polyurethane car interior and exterior decoration applications bring more healthy and quiet driving experience.


TPV with better mobility, wear resistance and light stability

Thermoplastic vulcanized rubber TPV can be widely used in automobile interior and exterior decoration, sealing system, cover, engine cabin parts, gasket gasket and other industrial and civil fields that require flexibility and consistency. This kind of products can be completely recycled and conform to the development trend of automobile environmental protection.

It is understood that dupont transportation and industry company has cooperated with exxonmobil chemical company's special elastomer business to develop a new sandupin thermoplastic vulcanized rubber (TPV) for automobile corner seals, which can be used for automobile corner mold sealing strips.

By using dupont silicone-based additives instead of traditional organic slip additives, the two companies developed a new generation of sandupin TPV brand, and the new sandupin thermoplastic vulcanized elastomer B260 series products also provide better flow performance, wear resistance and uv light stability.


Innovative polyamide foam was born

Aspaco is one of only four fully integrated polyamide manufacturers in the world and is capable of producing PA 66 from monomer to compound.Based on this expertise, Asahi Kasei announced the development of the world's first innovative polyamide Foam, a material called the PA Foam that will greatly reduce vehicle noise and weight.

Mitsubishi chemical

The innovative CFRP prepreg is suitable for mass production

As early as June this year, mitsubishi chemical announced that its carbon fiber reinforced plastic (CFRP) prepreloading material has been applied to the "CFRP ROOF" ROOF ROOF developed and produced by Yachiyo Industry Co., Ltd for the Honda S660 small sports car.

In the new round of market competition, whoever takes the lead in breaking through innovation and mastering core technologies will become the first market winner.