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European automotive plastic market over the next five years there will be a big breakthrough

Source: | Published:2014.05.27

In recent years, with automotive original equipment manufacturers and producers of composite materials, the growing demand for lightweight materials, the high-performance automotive plastic market demand is rising.

Compared with the traditional metal materials, automotive plastic not only can maximize meet the demands of automobile manufacturers of parts, also can reduce the processing cost, reduce oil consumption.

Besides have high environmental sustainability, high-performance automotive plastics also have strong design flexibility and operation safety. At present, in the bumper, hood automotive plastic cover, air bags and belts, and other parts have been widely used. High-performance plastics not only can reduce vehicle weight, also can have the effect of shock absorption, wear-resisting, thereby extending the service life of the car better.

Market-research firm frost recently published assessment report, European high-performance automotive plastic market value of $2013 in 4.22 billion, is expected to rise to $7.26 billion in 2019. Despite the global economic crisis has cut back on Europe Germany, France, Italy, Spain, Portugal and Greece in countries such as the owner's interest, but automotive plastic strength of market demand for energy saving, consumption reduction, such as lightweight concept of thorough popular feeling increased.

In terms of cost, plastic auto parts more cost advantage than traditional metal parts. Although etc metal material price higher than that of automotive plastics, but the latter is more feasible and can greatly reduce processing, assembly and other late fees. In addition, with the wide use of high-performance plastics in automobile industry, the price will fall further.

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