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informationandcommunication · 1 year

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Automotive Plastics Market – Forecast (2022-2027)

The Automotive Plastics Market size is estimated to reach US$53.8 billion by 2027 after growing at a CAGR of 5.4% during the forecast period 2022-2027. Automotive Plastics are specialty plastic materials that are used to enhance the safety, performance, and functionality of vehicles. Automotive plastics such as polypropylene (PP), polycarbonate (PC), polyvinyl chloride (PVC), polyurethane (PU), acrylonitrile butadiene styrene (ABS), and others have flourishing applications in automotive interiors, exteriors, under the bonnet, and other vehicle components. The superior properties of plastics such as flexibility, corrosion resistance, thermal insulation, and noise reduction for applicability in light commercial vehicles for maximum fuel efficiency are creating a drive in the automotive plastics industry. The covid-19 pandemic disrupted the growth and functioning of the market. The halt in production, demand and supply gap, and other lockdown restrictions resulted in a slowdown. However, with robust demand and recovery in major end-use industries, along with growing automotive vehicle production, the automotive plastics market is anticipated to rise during the forecast period.

Report Coverage

The report: “Automotive Plastics Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the automotive plastics market.

By Type: Polyurethane (PU), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyamide (PA), Polycarbonate (PC), Polybutylene Terephthalate (PBT), Acrylonitrile-Butadiene-Styrene (ABS), Polyethylene (PE), Polyethylene Terephthalate (PET), and Others

By Process: Injection Molding, Blow Molding, Extrusion, Vacuum Forming, and Others

By Application: Dashboard, Lighting, Glass Interlayer, Interior Trim, Bumper, Door Handles, Upholstery, Fuel System, Under the Hood, and Others

By End-Use Industry: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles (Buses, and Trucks), and Off-road Vehicles

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East [Saudi Arabia, UAE, Israel, and Rest of the Middle East], and Africa [South Africa, Nigeria, and Rest of Africa])

Key Takeaways

Asia-Pacific dominates the automotive plastics market, owing to flourishing lightweight automotive production, established base for light electric vehicles, and rising demand for passenger vehicles in APAC, thereby boosting its growth in the APAC region.

The passenger vehicles (PV) sector is rapidly growing in the automotive plastics industry due to the rising applicability of plastics such as PP, PU, PVC, PE, and others for various automotive components, along with growing urbanization and demand for light vehicles for transportation, thereby driving the market.

The rising emphasis on fuel efficiency and lightweight automotive vehicles to reduce carbon emissions and limit fuel consumption creates a drive for the automotive plastics market during the forecast period.

However, the recyclability issues and emergence of alternatives such as bioplastics, carbon fiber-based plastics, soy, and hemp-based polymers, and others create major challenges and growth slowdown in the automotive plastics market.

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Automotive Plastics Market Segment Analysis – By Type

The Polypropylene (PP) segment held the largest share in the automotive plastics market in 2021 and is forecasted to grow at a CAGR of 5.7% during the forecast period 2022-2027. The growth of polypropylene (PP) plastic in automotive applications is due to its advantages and preference over other automotive plastics. The superior features of PP such as fuel efficiency, cost-effectiveness, lightweight, and high suitability for low-friction applications boost its demand compared to other engineered plastics options that are not cost-effective and lightweight. Moreover, the versatility and preference of PP for light vehicles and fuel-efficient vehicles over other automotive plastics such as polyurethane (PU), acrylonitrile butadiene styrene (ABS), and others are thereby propelling the demand for polypropylene automotive plastics. Polypropylene plastics are used in various automotive components such as dashboards, upholstery, interior trim, car seats, hard plastic parts, and others. With the increasing applicability of polypropylene in automotive to manufacture light and low-cost vehicles, the demand for polypropylene plastics is also substantially rising, thereby supporting the segment growth.

Automotive Plastics Market Segment Analysis – By End-Use Industry

The passenger vehicles (PV) segment held a significant share in the automotive plastics market in 2021 and is forecasted to grow at a CAGR of 6.3% during the forecast period 2022-2027. Automotive plastics such as polycarbonate (PC), polypropylene (PP), polyvinyl chloride (PVC), and others have major applicability in the passenger vehicles for interior trim, lighting, bumper, seating, and others. The passenger vehicle sector is rapidly growing owing to urbanization, demand from the middle-class segment, and an increase in demand for passenger cars, two-wheelers, and three-wheelers as public transportation. According to the Society of Indian Automobile Manufacturers (SIAM), the domestic sales of passenger vehicles in India rose from 2,711,457 units in 2020-21 to 3,069,499 units in 2021-22. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total passenger car production rose from 55,834,456 units in 2020 to 57,054,295 units in 2021. With the flourishing production and increase in demand for passenger cars across the globe, the demand for automotive plastics is anticipated to grow rapidly for applications in exterior, interior components, and others thereby will boost the growth of the passenger vehicles (PV) industry in the automotive plastics market during the forecast period.

Automotive Plastics Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the automotive plastics market in 2021 up to 43%. The robust growth of automotive plastics in APAC is due to flourished automotive vehicle production, growing vehicle manufacturing units, and high demand for specialty plastics in automotive across major counties such as China, India, Japan, and others. The automotive industry, majorly the passenger vehicles and light commercial vehicles sector is growing due to the high demand for fuel-efficient vehicles among the middle-class segment and urbanization. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total automotive production increased from 3% in 2021 after a fall of 2% in China and increased by 30% in 2021 after a decline of 25% in India in 2020. Furthermore, initiatives such as Make in India and Automotive Mission Plan 2026 plan to boost the automotive sector in India and offer a contribution of 12% by automotive in the GDP by 2026. With the increase in automotive vehicle productions and vehicle manufacturing base, majorly for cars and LCV, the demand for automotive plastics such as polypropylene, polyvinyl chloride, polycarbonate, and others for applications in automotive interior, bonnet, exterior parts, and others is anticipated to grow. This will boost the growth of the automotive plastics industry in the Asia-Pacific during the forecast period.

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Automotive Plastics Market Drivers

Bolstering Growth of Light Weight and Fuel-Efficient Materials in Vehicles

The demand for lightweight and fuel-efficient vehicles is growing rapidly. The emphasis by the government on carbon emission and efficiency is boosting the adoption of lightweight and efficient automotive vehicles. Automotive plastics such as polypropylene (PP), polyurethane (PU), and others offer lightweight bodies to the vehicle and have applicability in vehicle roof, engine, fuel tank, lighting, seating, and others, thereby reducing the fuel consumption and carbon emissions. For instance, regulations mandate that the average fuel economy must meet 54.5 miles per gallon in the United States by 2025. Furthermore, the development of light materials such as lighter PP, polymethyl methacrylate (PMMA), biodegradable plastic composites, and others provide lightweight to the automotive body and reduces fuel consumption. Thus, with rising emphasis on lightweight and reduction in carbon emissions, the demand for automotive plastics for applications offering lightweight vehicle components is growing, thereby driving the market.

Rising Production of Electric Vehicles

Automotive plastics such as polypropylene, polycarbonate, acrylonitrile butadiene, polyurethane, and others have major applications in the electric vehicle for various interior, bonnet components, and exterior parts. The electric vehicle sector is growing rapidly with the increase in government initiatives for vehicle electrification and stringent emissions norms for fuel-based vehicles for carbon emissions. For instance, Honda announced plans to invest US$40 billion in the development of electric vehicles and launch 30 EVs by 2030 in India. According to the International Energy Agency (IEA), the global electric car sector saw a growth of 43% in 2020 compared to 2019, hitting a 10 million mark. Furthermore, the number of electric cars on the roads was 16.5 million in 2021, triple the number in 2018. With the increase in demand and production for electric vehicles, the application of automotive plastics such as polypropylene (PP), polyurethane (PU), and others is growing to offer lightweight and fuel efficiency for EVs, thereby driving the market and providing major growth in the market.

Automotive Plastics Market ChallengesRecycling Issues and Emergence of Alternative for Automotive Applications

Automotive plastics face recycling issues owing to factors such as the lack of advanced recyclable technology. This creates environmental impacts and solid waste accumulation, thereby hindering the demand. Furthermore, the emergence of alternatives such as carbon fiber for applications in automotive creates a major challenge in the market. The rising usage of materials prepared from natural fibers, soy and hemp fibers, sheet molding compounds, and others poses a major threat to automotive plastics such as polypropylene, polyurethane, PET, and others. Thus, with the issues in recycling and the threat from other alternative materials, the automotive plastics market faces a major slowdown and challenge.

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Automotive Plastics Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the automotive plastics market. Automotive plastics top 10 companies are:

BASF SE

LyondellBasell Industries Holdings BV

Covestro AG

Evonik Industries

Solvay SA

Arkema SA

LG Chem

Teijin Ltd.

Dupont

SABIC

Recent Developments

In February 2022, the Celanese planned to acquire the mobility and materials division of DuPont, which produces thermoplastics and elastomers with a large share for automotive applications, thereby boosting the product portfolio and growth in the market.

In December 2021, the Total Energies and Plastic Omnium entered into a partnership for the development of recyclable PP plastic material for applications in the automotive industry. This innovative and recycled PP material will provide reduced carbon emissions and has flourishing applicability and demand in 0electric vehicles, thereby offering growth in the market.

In May 2021, the Covestro AG launched recycled polyethylene terephthalate (rPET) or fused granule technology. This launch has major applications in the automotive industry for interior vehicle parts, thereby boosting the demand and growth in the automotive plastics market.

Relevant Reports

Automotive Plastic Fasteners Market

Report Code: CMR 53208

Recycled Plastics Market

Report Code: CMR 88916

For more Chemicals and Materials Market reports, please click here

#Automotive Plastics Market #Automotive Plastics Market Size #Automotive Plastics Market Share

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chemicalsandmaterials · 2 years

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The Automotive Plastics market size is estimated to reach US$53.8 billion by 2027 after growing at a CAGR of 5.4% during the forecast period 2022-2027.

#Automotive Plastics Market #Automotive Plastics Market Size #Automotive Plastics Market Share

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researchgmi · 2 years

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Automotive Plastics Market size exceeded USD 18 Billion in 2020 and is estimated to grow at a CAGR of over 11% between 2021 and 2027. Rising demand for modern plastics and polymer composites in vehicles to improve passenger safety and increasing demand for light weight plastics to make vehicles more fuel efficient is anticipated to boost the market.

#Automotive Plastics Market #automotive plastics market #Automotive Plastics Market size #Automotive Plastics Market share

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komalstringentdatalytics · 28 days

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#Global Automotive Plastic Intake Manifold Market Size #Share #Trends #Growth #Industry Analysis #Key Players #Revenue #Future Development & Forecast

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geethasingh · 8 months

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#Automotive Plastics Market #Automotive Plastics Market size #Automotive Plastics Market share #Automotive Plastics Market trends #Automotive Plastics Market analysis #Automotive Plastics Market forecast #Automotive Plastics Market outlook #Automotive Plastics Market overview

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blogaarti · 11 months

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United Kingdom Automotive Plastics Market Insights, Growth, Analysis and Investment Feasibility By 2026

The automotive plastics market is poised for significant growth, driven by stringent road safety regulations, environmental concerns, and the adoption of electric mobility. As a result, the market is projected to make a substantial contribution to the global automotive plastics market, which is estimated to reach a valuation of US$ 68.6 billion by 2026. These findings are reported by Fairfield Market Research, a leading market intelligence firm specializing in automotive analysis.

For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/automotive-plastics-market

The automotive industry has witnessed remarkable expansion over the past few decades, resulting in increased demand for automotive raw materials. Automotive plastics have emerged as a preferred choice due to their versatility in application and lightweight nature, surpassing traditional materials such as cast iron and steel. In response to government norms aimed at reducing CO2 emissions, enhancing road safety, and meeting consumer demands for improved fuel efficiency, automotive manufacturers are increasingly turning to high-grade plastics for the production of modern vehicles. Automotive plastics not only offer functional benefits but also provide manufacturers with greater control in achieving desired aesthetic and ergonomic requirements.

According to Fairfield Market Research, the global automotive plastics market is expected to exhibit a stable CAGR of 7.7%, reaching a valuation of US$ 68.6 billion by 2026. This projection highlights significant business opportunities within the global automotive plastics market. Key market players are actively pursuing strategic partnerships, open innovation, and extensive research and development to capitalize on these growth prospects.

In the United Kingdom, the adoption of automotive plastics is witnessing substantial growth across various applications. With over 39 types of plastics employed in the automotive industry, including polypropylene (PP), polyamide (PA), polyvinyl chloride (PVC), polyurethane (PU), acrylonitrile butadiene styrene (ABS), high-density polyethylene (HDPE), and polycarbonate (PC), the market has witnessed significant growth in the utilization of PP plastic. In 2020, PP plastic demonstrated robust growth due to its applications in interiors, exteriors, and under-the-hood components. The PP plastic market is projected to reach a valuation of US$ 13.5 billion by 2026, displaying a promising CAGR of 7.8%. Notably, the under-the-hood segment is expected to be the fastest-growing application category, driven by favorable government regulations and consumer preferences for lightweight and fuel-efficient vehicles. The high-temperature properties of PP plastic make it suitable for under-the-hood components, which are anticipated to witness a significant upsurge during the forecast period. Automotive plastics are also used in upholstery, interior trims, exterior parts, fuel systems, powertrain components, instrumental panels, dashboard, bumper, air-conditioning systems, and lighting.

Leading key industry players in the automotive plastics market include SABIC, BASF SE, LyondellBasell Industries N.V., Borealis AG, Covestro AG, LG Chem, LANXESS AG, INEOS, Asahi Kasei Corporation, Celanese Corporation, and Koninklijke DSM N.V. These industry leaders are driving innovation and contributing to the growth and development of the automotive plastics industry.

For More Information Visit: https://www.fairfieldmarketresearch.com/

#United Kingdom automotive plastics #United Kingdom automotive plastics market #United Kingdom automotive plastics market size #United Kingdom automotive plastics market trends #United Kingdom automotive plastics market share #automotive industry #automotive products #automotive plastics market analysis #automotive plastics market growth #automotive plastics market demand #automotive plastics market trends #fairfield market research

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coldpenguintaco · 1 year

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The Growing Role of Automotive Plastics in Vehicle Design and Manufacturing

Automotive plastics are materials used for the construction of parts and components in automobiles, including the body, interior, and powertrain. These plastics are designed to be lightweight, durable, and cost-effective. Common types of automotive plastics include polypropylene, polyurethane, ABS, and polycarbonate. Automotive plastics are used in many areas of the vehicle, including interior…

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sramfact · 2 years

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The global automotive plastics market for passenger cars size is projected to grow from USD 21.1 billion in 2021 and is projected to reach USD 30.8 billion by 2026, at a CAGR of 7.9%. The demand for automotive plastics is mainly driven by the increase in passenger car production and the increasing utilization of automotive plastics in vehicle designs. Plastics offer a maximum weight reduction of automobiles, which in turn reduces carbon emissions. These could be the major reasons propelling the market.

The shift towards use of bioplastics in vehicle production, use of anti-microbial plastics and additives, use of composites and PMMA and growing trend of vehicle electrification has increased the demand for automotive plastics across the globe. The development in 3D printing technology is expected to act as new opportunities for the automotive plastics market for passenger cars to grow. However, high cost of capital and infrastructure for re-engineering of plastics is expected to hinder the market growth during the forecasted period.

The under-bonnet is the fastest-growing application segment of the automotive plastics market for passenger cars during the forecast period. Automotive plastics used in the manufacturing of under-bonnet components of passenger cars include Polypropylene, PBT, polyamide, and other engineered plastics. The use of plastics in under-bonnet applications provides high durability, high-temperature resistance, strength, and rigidity to automobiles. The under-bonnet segment includes components such as the battery, onboard chargers, connectors, cables, electric motor, anti-lock braking system, hoses, hydraulic booster unit, load-sensing valve, master cylinder, metering valve, fuel delivery modules, intake manifolds, brackets, duck work, accumulator pistons pressure differential valve, proportioning valve, and thermal management system which require plastics in their manufacturing.

BASF SE (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings BV (Netherlands), LG Chem (South Korea), DuPont (US), Covestro AG (Germany), Evonik Industries AG (Germany), Solvay (Belgium), Arkema SA (France), Borealis AG (Austria), among others are the key players operating in the automotive plastics market for passenger cars.

#Automotive Plastics Market for Passenger Cars #COVID 19 impact on Automotive Plastics Market #automotive Plastics industry for Passenger Cars #Automotive Plastics Market #Automotive Plastics Industry #Automotive Plastics #automotive plastics market industry share #automotive plastics market industry size #automotive plastics market industry trends

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market-insider · 5 months

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Zero Friction Coatings Market: Charting the Course for Enhanced Performance and Sustainable Solutions

The global zero friction coatings market size is estimated to reach USD 1,346.00 million by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. Growth can be attributed to the fact that these coatings reduce friction and wear resulting in low fuel consumption and less heat generation. According to the European Automobile Manufacturers' Association, 79.1 million motor vehicles were produced across the globe in 2021 which was up by 1.3% as compared to 2020. Zero friction coatings can extend the time between component maintenance and replacement, especially for machine parts that are expensive to manufacture.

Zero Friction Coatings Market Report Highlights

In 2021, molybdenum disulfide emerged as the dominant type segment by contributing around 50% of the revenue share. This is attributed to its properties such as low coefficient of friction at high loads, electrical insulation, and wide temperature range

The automobile & transportation was the dominating end-use segment accounting for a revenue share of more than 35% in 2021 due to the rapid growth of the automotive industry across the globe

The energy end-use segment is anticipated to grow at a CAGR of 5.7% in terms of revenue by 2030, owing to the excessive wear on the drill stem assembly and the well casing during the drilling operations in the oil and gas sector

In Asia Pacific, the market is projected to witness the highest CAGR of 5.8% over the predicted years owing to the presence of car manufacturing industries in the countries such as Japan, South Korea, and China

For More Details or Sample Copy please visit link @: Zero Friction Coatings Market Report

Several applications in the automobile industry use wear-resistant plastic seals that require zero tolerance for failure and lifetime service confidence. Increasing demand for the product from the automotive industry across the globe for various applications including fuel pumps, automatic transmissions, oil pumps, braking systems, and others is expected to drive its demand over the forecast period.

Low friction coatings can be used in extreme environments comprising high pressure, temperatures, and vacuums. These coatings can provide improved service life and performance thereby eliminating the need for wet lubricants in environments that require chemicals, heat, or clean room conditions. The product containing molybdenum disulfide (MoS2) are suitable for reinforced plastics while those free from MoS2 are suitable for non-reinforced plastics.

Zero friction coatings are paint-like products containing submicron-sized particles of solid lubricants dispersed through resin blends and solvents. The product can be applied using conventional painting techniques such as dipping, spraying, or brushing. The thickness of the film has a considerable influence on the anti-corrosion properties, coefficient of friction, and service life of the product. Its thickness should be greater than the surface roughness of the mating surfaces.

ZeroFrictionCoatingsMarket #FrictionlessTechnology #CoatingInnovations #IndustrialEfficiency #ZeroFrictionSolutions #AdvancedMaterials #SurfaceCoatings #ManufacturingAdvancements #GlobalIndustryTrends #InnovativeCoatings #PerformanceOptimization #MechanicalSystems #SustainableTechnology #IndustrialApplications #FutureTech #InnovationInMaterials #EfficiencySolutions #ZeroFrictionMarket #TechnologyInnovation #EngineeringMaterials

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strangemusictriumph · 2 years

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Europe SCARA Robot Market - Forecast (2022 - 2027)

The present SCARA robots are equipped with battery power encoders. This type of SCARA robots requires high maintenance cost. To reduce the maintenance cost of the SCARA robots the SCARA robots manufacturing companies are now focusing on the implementation of the T3 technology in SCARA robots the engineer does not have to halt the system to swap the batteries. This T3 technology will also help in reducing the power consumption by 30%. By implantation of this technology which helps in reducing the maintenance cost is expected to drive the market of the SCARA robots in Europe. The Europe SCARA robot market is estimated to grow at a CAGR of 11.1% during forecast period i.e. 2018-2023. Germany is the fastest growing market with a CAGR of 14.5% which is mainly attributed to the growing demand from automotive industry. Italy and France are huge markets for SCARA Robots and thus have an immense demand for SCARA robots.

Europe SCARA Robot Market Outlook:

The SCARA stands for Selective Compliance Assembly Robot Arm or Selective Compliance Articulated Robot Arm. These are specially designed for the peg board type assembly and are heavily used in the electronics industry. These robots tend to be fairly small and capable of operating at high speed. They are used for assembly, palletisation and machine loading. Rising automotive production in Europe is driving the market. SCARA robots are used for different applications such as the assembling the vehicle parts of the vehicle, handling and transfer of the large automotive parts in this sector. SCARA Robots reduce the time taken for manufacturing of the vehicle and this is expected to create ample opportunities for SCARA robots. According to IndustryARC findings, 4-Axis SCARA robot will hold the largest market share during the forecast period. It is expected to generate the revenue of $159.4 and anticipated to grow with a CAGR of 12.6% during the forecast period 2018-2023.

The Europe SCARA robot market report comprises of pricing analysis for different types of axis types. The price of 6- Axis SCARA robot is the highest among all the other axis types.

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Europe SCARA Robot Market Growth Drivers:

The current SCARA robots are equipped with many wiring systems, by which the installation of the robot has become tough. The use of the advanced technology sensors in SCARA robots has reduced the cost and time of the installation by 35%. The use of the advanced technology in SCARA robots has also observed an increase in the installation of the robots. The increase in the installation of the robot for different applications is expected to drive the market.

Europe SCARA Robot Market Challenges:

The biggest challenge in the SCARA robot market is the increasing adoption of the articulated robots as the substitute for the SCARA robot. These articulated robots is robotic arm that includes rotary joints to carry out precise movements. However, the increasing adoption of the artificial intelligence in SCARA robots is expected to overcome the challenges faced by the SCARA robot.

Europe SCARA Robot Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them to understand the future of the plastics in electric vehicle market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Europe SCARA Robot market, and their specific applications.

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Plastics in Electric Vehicle Market Report: Industry Coverage

Types of SCARA robots: Hardware, Software, Services, Testing, Training, MaintenanceAxis

Types in SCARA robots: 3-Axis SCARA Robot, 4-Axis SCARA Robot, 5-Axis SCARA Robot, 6-Axis SCARA Robot

Applications of SCARA robots: Transportation, Packaging, Assembly, Inspections

End Users of SCARA robots: Electronics, Food and Beverage, Automotive, Pharmaceutical, Rubber and Plastic, Industrial & Manufacturing

The Europe SCARA Robot market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

Europe: The U.K., Germany, Italy, France, Spain, Rest of Europe

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Europe SCARA Robot Market Key Players Perspective:

Fanuc and ABB are analyzed to be the dominant players of the Europe SCARA Robot Market in 2017 with a share of 12.30% and 10.80% respectively. The increasing number of acquisitions and the product launches which are performed by both the prominent players are expected to continue the growth of the companies in Europe region.

Some of the other key players mentioned in this report are Kuka AG (Germany), Kawasaki (Japan), Epson Robots (U.S.), Stäubli (Switzerland), Omron Adept (U.S.), Denso Robotics (Germany), Nachi-Fujikoshi (Japan), Comau (Italy) among others.

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Europe SCARA Robot Market Trends:

The accessibility of the previously performed task by the SCARA robot has become the challenge to the manufacturers. To address the issue the upcoming SCARA robots are manufactured by adopting internet of things (IOT) technology. The use of this technology in SCARA robots will help in analyzing the previously performed tasks and will also help in increasing the productivity and efficiency.

To reduce the efforts of the installation of the SCARA robots manufactures are now adopting the use of the plug and play technology in SCARA robots. The use of this technology will help in easy installation of the robot and also helps in reducing the installation cost.

Many robots manufactures are now focusing on launching the ceiling mounted SCARA robots. With the launch of the new ceiling mounted SCARA robots the small companies are able to afford these robots and are allowing them to make more efficient use of the confined space. These ceiling mounted SCARA robots are expected to create ample opportunities in Europe.

The upcoming SCARA robots are equipped with the augmented reality and voice command system. The implementation of the new voice command system in SCARA robots which acts according to the instructions given by the individual is expected to create ample opportunities in the SCARA robot market.

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constructioandchemicalblog · 2 years

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Engineering Plastic Market Trends, Key Players, DROT, Analysis & Forecast Till 2030

Engineering plastics are a group of plastic materials such as polystyrene, PVC, polypropylene and polyethylene, and others. These materials have superior properties such as higher impact strength, high abrasion, wear, and fatigue resistance. It has better mechanical and thermal properties. Engineering Plastics are expensive and are manufactured for special purpose applications only. These are usually thermoplastic materials. Hence these materials can be easily processed with conventional plastic processing machinery.

According to a recent study report published by the Market Research Future, the global market for engineering plastic is booming and expected to gain prominence over the forecast period. The Global Engineering Plastic Market is projected to be worth USD 115.10 Billion by 2030, registering a CAGR of 7.2% during the forecast period (2021 - 2030).

High growth in the automotive industry is the major factor driving the growth of the market. It has slightly similar properties to metals and is lightweight. Hence, these materials have been largely substituting some metal components in auto as well as industrial machinery and help in weight reduction. Additionally, the high demand for electronics and electrical appliances among the consumers also fuelling the growth of the market. However, higher costs, fluctuating prices of crude oil, and regulatory challenges regarding CO2 emissions are some factors that may hamper the growth of the market.

Market Segmentation:

The Global Engineering Plastic Market is segmented in MRFR’s report on the basis of Product, Application, and Region.

By Product, the market is segmented into polyamide, acrylonitrile butadiene styrene (ABS), thermoplastics, polyesters, polycarbonates, and others. Among these, the ABS segment accounts for the largest share on the basis of product due to the high demand for it. ABS is in high demand as it has properties such as chemical resistance, high-temperature resistance, mechanical potency, and several others.

Applications of Engineering Plastics are found in construction, electrical & electronics, automotive, consumer goods, and others. The automotive segment is the largest consumer of Engineering Plastic as they have extensive applications in the automotive industry. Used for the production of lighting components, connectors, and other automotive parts, Engineering Plastics is expected to witness increased demand from this segment due to the increasing demand for personal transportation vehicles.

Regional Segmentation divides the global market into North America, Europe, Asia Pacific, and the Rest of the World.

Global Key Players and Competition Analysis

The key players in the engineering plastic market are BASF SE (Germany), Covestro (Germany), Solvay S. A. (Belgium), Celanese Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), LG Chem Ltd. (South Korea), Saudi Basic Industries Corporation (Saudi Arabia), Evonik Industries AG (Germany), Lanxess AG (Germany), and Mitsubishi

Browse the market data and information spread across 111 pages with 27 data tables and 15 figures in the report “Engineering Plastic Market Research Report - Global Forecast to 2030” in-depth alongside a table of content (TOC) at: https://www.marketresearchfuture.com/reports/engineering-plastic-market-2161

Market Research Future (part of Wantstats Research and Media Private Limited),

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New York, New York 10013

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+1 628 258 0071

Email: [email protected]

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ravi1996 · 1 year

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Bioplastics Market Share, Size, Global Driving Factors by Manufacturers, Growth Opportunities

The global bioplastics market size was USD 10.64 Billion in 2021 and is expected to register a revenue CAGR of 16.8% over the forecast period, according to the latest analysis by Emergen Research. Increase in demand for bioplastics from the automotive industry and demand for compostable plastics to improve soil quality are factors expected to support revenue growth of the market between 2022 and 2030. The automotive industry's primary objective and challenge is to reduce fuel consumption and pollutants by reducing vehicle weight. Bioplastics are effective materials for achieving this purpose. These smart plastics, such as bio-PA and bio-PP, have been embraced by major vehicle manufacturers to reduce environmental impact and provide additional strength to automobile components. Thus, demand for these plastics in the automotive industry owing to their excellent properties is anticipated to create lucrative growth prospects for companies in the market.

Get a sample of the Bioplastics Market report @ https://www.emergenresearch.com/request-sample/169

The global Bioplastics market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Bioplastics market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Bioplastics market.

Emergen Research has segmented the global Bioplastics market on the basis of type, platform, application, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)

Biodegradable

Polybutylene Adipate Terephthalate (PBAT)

Polybutylene Succinate (PBS)

Polylactic Acid (PLA)

Polyhydroxyalkanoate (PHA)

Starch Blends

Others

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Online

Offline

Application Outlook (Revenue, USD Billion; 2017-2027)

Packaging

Textile

Automotive & Transportation

Consumer Goods

Agriculture

Building & Construction

Others

Request a discount on the Bioplastics Market report @ https://www.emergenresearch.com/request-discount/169

Based on the competitive landscape, the market report analyzes the key companies operating in the industry:

BASF SE, NatureWorks, Biome Plastics, Braskem, Biotec, Total Corbion, Plantic Technologies, Mitsubishi Chemical Holdings Corporation, Novamont SPA, and Toray Industries

Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

How will this Report Benefit you?

An Emergen Research report of 250 pages contains 194 tables, 189 charts and graphics, and anyone who needs a comprehensive analysis of the global Bioplastics market, as well as commercial, in-depth analyses of the individual segments, will find the study useful. Our recent study allows you to assess the entire regional and global market for Bioplastics. In order to increase market share, obtain financial analysis of each segment and the whole market. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. In addition to helping you build growth strategies, improve competitor analysis, and increase business productivity, the research will also assist you in making better strategic decisions.

Detailed Regional Analysis covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To Study Full Bioplastics Market Report, click here @ https://www.emergenresearch.com/industry-report/bioplastics-market

What Questions Should You Ask before Buying a Market Research Report?

How is the Bioplastics market evolving?

What is driving and restraining the Bioplastics market?

How will each Bioplastics submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2027?

How will the market shares for each Bioplastics submarket develop from 2020 to 2027?

What will be the main driver for the overall market from 2020 to 2027?

Will leading Bioplastics markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?

How will the market shares of the national markets change by 2027 and which geographical region will lead the market in 2027?

Who are the leading players and what are their prospects over the forecast period?

What are the Bioplastics projects for these leading companies?

How will the industry evolve during the period between 2020 and 2027? What are the implications of Bioplastics projects taking place now and over the next 10 years?

Is there a greater need for product commercialisation to further scale the Bioplastics market?

Where is the Bioplastics market heading and how can you ensure you are at the forefront of the market?

What are the best investment options for new product and service lines?

What are the key prospects for moving companies into a new growth path and C-suite?

Request customization on the report @ https://www.emergenresearch.com/request-for-customization/169

Thank you for reading our report. To know more about the customization of the report, please get in touch with us, and our team will ensure the report is suited to your requirements.

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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#Bioplastics Market #Bioplastics Market Size #Bioplastics Market Share #Bioplastics Market Demand

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articleeee · 2 minutes

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Additive Manufacturing Market Size, Share, Forecast, & Trends Analysis

additive manufacturing market is poised to soar to unprecedented heights, anticipated to burgeon to a monumental $228.8 billion by the year 2031, exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 27.9% from 2024 to 2031.

Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5838?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=22-05-2024

The ascent of the additive manufacturing sector is propelled by an array of compelling forces, including the imperative to fabricate intricate components, slash manufacturing outlays, and curtail wastage. Additionally, advancements in product innovation and supply chain efficiency, coupled with the allure of seamless customization and mass production capabilities inherent in additive manufacturing, further catalyze this exponential growth trajectory. However, challenges loom in the form of limited build dimensions and the associated pre-processing and post-processing overheads, which could potentially dampen market expansion.

Yet, amidst these challenges lie untapped vistas of opportunity, particularly in the realms of 3D printing for functional end-use parts and the burgeoning domain of composite 3D printing. Nevertheless, concerns regarding intellectual property infringement and the scarcity of adept professionals threaten to impede the sector's growth.

Emerging trends paint a vivid picture of on-demand spare parts fabrication, heightened product personalization, and the integration of Artificial Intelligence (AI) into 3D printing workflows as prevailing themes in this dynamic landscape.

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Delving deeper, the global additive manufacturing market is intricately segmented into offerings encompassing hardware, software, materials (encompassing plastics, polymers, metals, ceramics, composites, and other material variants), and services. Moreover, delineations based on form — spanning solid, liquid, and powder material categories — offer nuanced insights into the market's multifaceted composition. End-user segmentation further elucidates the market dynamics, encompassing a gamut of sectors ranging from consumer products, healthcare, and automotive to aerospace & defense, electronics & semiconductors, and beyond.

Unveiling the market's intricate tapestry, the hardware segment emerges as the dominant force, commanding a lion's share exceeding 60.0% of the global additive manufacturing arena. This preeminence is fueled by a confluence of factors, including the decentralization of production, on-demand manufacturing paradigms, and the concomitant streamlining of supply chains. Noteworthy is the hardware segment's pivotal role in facilitating the realization of highly tailored, bespoke products across diverse industry verticals.

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Segmentation by form unveils a nuanced narrative, with solid materials dominating the landscape owing to their indispensable mechanical properties, whereas powder materials emerge as the harbinger of future growth, underpinned by their pivotal role in additive manufacturing processes.

Zooming out to a geographical perspective, Asia-Pacific emerges as the epicenter of additive manufacturing fervor, commanding a substantial share exceeding 36.0% of the global market. The region's ascendancy is underpinned by a confluence of factors, including burgeoning manufacturing activities, robust digitization initiatives, and a burgeoning startup ecosystem. Meanwhile, North America is poised to register the highest CAGR of 29.0%, propelled by the region's robust industrial landscape and a burgeoning appetite for customized 3D-printed products across diverse sectors.

Amidst this landscape of transformative change, key players including industry stalwarts such as 3D Systems Corporation, Arcam AB, Stratasys, Ltd., and a host of others stand at the vanguard, shaping the contours of tomorrow's manufacturing landscape through pioneering innovations and unwavering commitment to excellence.

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researchgmi · 2 years

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Automotive Plastics Market share by application, 2022 & 2027

Based on a recent report by Global Market Insights Inc., the global automotive plastics market size is anticipated to be worth USD 35 billion by 2027.

Plastics are gaining a whole lot of popularity across the automobile sector driven by superior resilience, improved innovation potential, and excellent corrosion resistance, which contributes to extending vehicle life. The presence of a strict government regulatory framework across several economies towards fuel efficiency has led to the increased adoption of automotive plastics across car manufacturing firms due to their aesthetic appeal and lightweight that significantly reduces fuel consumption.

In addition, they improve the safety, performance, functionality, and construction of cars, given their exceptional attributes like thermal insulation, flexibility, optimum space utilization, noise reduction, and many more.

Request for Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/110

The ongoing ecological and economic concerns, coupled with the constantly rising fuel prices and increased emphasis on passenger safety, may strengthen the automotive plastics market forecast. Increasing government funding and escalating R&D practices by major industry players have led to the development of highly efficient and technologically advanced products. This, in addition to the surging automobile sales trajectory, driven by the growing requirements for a private commute, strong economic growth, and rising disposable incomes, will continue to drive the demand for automotive plastics in the times to come.

Mentioned ahead are some prominent factors supporting the automotive plastics industry landscape.

Surging automobile sales

As per the March 2022 data by the Society of Indian Automobile Manufacturers (SIAM), the overall passenger vehicle production, including two-wheelers, three-wheelers, and quadricycles, in India reached nearly 1.7 million units, while domestic sales surpassed 1.3 million units in Feb 2022.

These consistently rising numbers are driving the demand for plastics in the automobile industry. The trend will continue to proliferate in the coming years as well, which, in turn, will boost the automotive plastics market outlook.

Increasing demand for polyurethane automotive plastics

The consumption of polyurethane has been on the rise for the last few years due to the increasing popularity of engineering plastics. These plastics have outstanding toughness, flexibility, heat, and abrasion resistance and can take on very hard or soft forms. In addition, the exceptional capability of polyurethane to withstand extreme weather conditions, solvents, and radiation, makes it ideal for use in a wide range of automobile parts ranging from tires to seating to suspension.

In conclusion, the expanding application avenues of the product are likely to contribute to the increasing automotive plastics market share.

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Growing product integration across chassis application

Automotive chassis is a sturdy metal frame that provides structural support and is capable of carrying the overall load of a vehicle in a dynamic or static condition. The stiffness, lightweight, and cost-effective benefits of plastics make them well suited for increasing the efficiency of automotive chassis. Manufacturers and industry players globally are focusing on formulating new materials and introducing the latest technology to deliver lightweight vehicles with superior fuel efficiency, which is likely to fuel the automotive plastics market trends.

For instance, in October 2021, Carbon TT came together with Pultrex, a subsidiary of KraussMaffeito, to demonstrate their pioneering essence and created a 60% lighter chassis using iPul technology. As per reports, the newly designed iPul pultrusion system is made of CFRP (Carbon Fiber Reinforced Plastic), which allows it to carry higher cargo shipments while using less energy. Besides, these carbon lightweight construction solutions will help meet the increasingly rigid requirements for efficiency, safety, and sustainability.

Notable participants in the Automotive Plastics Market include: Dupont, Teijin Ltd, Solvay SA, SABIC, BASF SE, DSM, Evonik Industries, Arkema SA, LG Chem, Borealis AG, LyondellBasell and Covestro AG.

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Arun Hegde Corporate Sales, USA Global Market Insights Inc. Phone: 1-302-846-7766 Toll-Free: 1-888-689-0688 Email: [email protected]

#Automotive Plastics Market #Automotive Plastics Market size #Automotive Plastics Market share

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komalstringentdatalytics · 1 month

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#Global Automotive Plastic Piping System Market Size #Share #Trends #Growth #Industry Analysis #Key Players #Revenue #Future Development & Forecast

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rohan-gosavi01 · 3 hours

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Thermally Conductive Plastics Market Analysis Growth Forecast by 2031

The Insight Partners market research Thermally Conductive Plastics Market Size and Share Report | 2031 is now available for purchase. This report offers an exclusive evaluation of a range of business environment factors impacting market participants. The market information included in this report is assimilated and reliant on a few strategies, for example, PESTLE, Porter's Five, SWOT examination, and market dynamics

Thermally Conductive Plastics market is evaluated based on current scenarios and future projections are added keeping the projected period in consideration. This report integrates the valuation of Thermally Conductive Plastics market size for esteem (million USD) and volume (K Units). Research analysts have used top-down, bottom-up, primary, and secondary research approaches to evaluate and approve the Thermally Conductive Plastics market estimation.

Detailed scrutiny of market shares, optional sources, and basic essential sources has been done to integrate only valid facts. This research further reveals strategies to help companies grow in the Thermally Conductive Plastics market.

Key objectives of this research are:

To contemporary market dynamics including drivers, challenges, threats, and opportunities in the Thermally Conductive Plastics market.

To analyze the sum and market estimation of the worldwide Thermally Conductive Plastics market

Based on key facets, market segments are added.

The competitive analysis covers key market players and their business strategies.

To examine the Thermally Conductive Plastics Market for business probable and strategic outlook.

To review the Thermally Conductive Plastics Market size, key regions and countries, end-users, and statistical details.

To offer strategic recommendations based on the latest market developments, and Thermally Conductive Plastics market trends.

Perks of The Insight Partners’ Thermally Conductive Plastics Market Research

Market Trends: Our report reveals developing Thermally Conductive Plastics market trends that are poised to reshape the market preparing businesses with the foresight to retain their competitive edge. This Market research report presents market trends, supply chain analysis, leading participants, and business growth strategies. This research covers technological progress and key developments covering various aspects of the inclusive market. It is valuable market research for existing key players as well as new entrants in the Thermally Conductive Plastics Market. Through inputs derived from experts, this research attempts to guide future investors about market details and potential returns on investment.

Competitive Landscape: This research reveals key market players, their strategies, and possible areas for differentiation.

Analysts Viewpoint: We have industry-specific experts who add credibility to this report with their exclusive viewpoints based on market understanding and expertise. This report goes further into details of entire business processes and doesn’t restrict to only operational aspects. These insights cover venture economics and include tactics for capital investment, investor funding, and projections of ROIs. Net income and profit loss financial stats are crucial metrics of this Thermally Conductive Plastics market report. With these meticulous insights companies can reduce their risks and increase the success rate in the coming decade.

Segmental Coverage:

Resin Type

Polyamide

Polycarbonate

Polyphelene Sulphide

Polybutylene Terephalate

Others

End-Use Industry

Electrical and Electronics

Automotive

Aerospace

Healthcare

Others

Market Leaders and Key Company Profiles:

1. Mitsubishi Engineering Plastics Corporation 2. BASF SE 3. DSM 4. Dow 5. KANEKA CORPORATION 6. TORAY INDUSTRIES,INC 7. LANXESS 8. HELLA GmbH and Co. KGaA 9. Covestro AG 10. Celanese Corporation

What all adds up to the credibility of this research?

A comprehensive summary of the contemporary Thermally Conductive Plastics market scenario

Precise estimations on market revenue forecasts and CAGR to rationalize resources

Regional coverage to uncover new markets for business

Rivalry analysis aims to help corporations at a modest edge

Facts-based crystal-clear insights for business success

The research can be customized as per business necessities

Access to PDF, and PPT formats of this research

Published by -

Arjun Reddy

Senior Market Research Expert at The Insight Partners

#thermallyconductiveplastics #blog #blogpost #bloggercommunity #articles #articlewriting #articlemarketing #marketresearch #marketstrategy #industryanalysis #marketanalysis #googleblog #usablog

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