Abstract
This research service discusses the usage of plastics in passenger vehicles,
which includes passenger cars, SUVs, Multipurpose vehicles and pickup trucks.
The market is segmented by the key plastic types, which is then further
sub-segmented on the basis of the application area that these plastics are
used in. The current market recession has brought the market strongly into
focus because of the rapid fall in demand from this segment and due to the
rapid consolidation that is occurring along the supply chain. However, even in
these inimical conditions strong growth drivers are emerging such as the
growth in electric vehicles and increasing emphasis on weight reduction in
automobiles.
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