According to Future Market Insights’ report, advanced types of engineering plastics such as thermoplastics, resins and fibers are transforming automotive and transportation industry. By replacing uneconomical and un-ecological material with tough, durable and sustainable thermoplastics, automotive and transportation segment is helping to flourish an engineering plastic market. The automotive and transportation segment is increasingly inclined towards adoption of engineering plastics products due to their various thermal and mechanical properties. The fuelling demand for engineering plastics is largely from automotive components such as fasteners and supports for chassis and power trains and body panel lens of head lamps as these parts require higher strength material. Besides mechanical strength, engineering plastics help in reducing the overall weight of the vehicles. Bio-based engineering plastics that help reduce carbon footprint such as polyamides and polycarbonates are also in high demand.
The trend of using plastic for the interiors of vehicle is increased only after it was found out that plastics have appreciably recued the weight of the average passenger car, saving millions of gallons of gas yearly. Plastics have penetrated automobile parts such as bumpers, fenders, doors, safety and rear-quarter windows, headlight housing, side-view mirrors, trunk lids, hoods and grilles and wheel covers. Advances in engine technology, fuel management and emissions requirements continue are driving the use of higher-end plastics under the hood environments. In automotive interiors, plastics used in flooring, seats, dashboards, while panelling maintain their attractive appearance and are easy to clean. All these advantages and trends in automotive and transportation industry are boosting global engineering plastic market.
Growing role of plastic in automotive and transportation will create promising market in engineering plastic. The use of plastics and polymer composites has grown from an average of 10 kg per car in 1960 to 150 kg in today’s car. Due to their favourable strength-to-weight ratio, it is estimated that these plastic material compromise approximately 50% of a lightweight vehicle’s volume, but only about 8% of the vehicle’s weight. The benefits of plastic in automotive and transport industry will create lucrative market for engineering plastic. More information about the report can be accessed at https://www.futuremarketinsights.com/reports/sample/rep-gb-1881