June 19, 2019 by Steve Blade
According to the latest report by Fact.MR, the automotive additives market is likely to experience above-average growth. The automotive additives market is estimated to reach US$ 8,251.8 million revenue by 2022 end. Manufacturers of automotive additives are focusing on developing highest performing solutions and with plastic emerging as the highest applied material in the interior, exterior and under the hood of the vehicle, automotive plastic additives are witnessing increased use in the automotive industry.
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Anti-scratch additives have become ever-more popular owing to trends to lightweight with plastics and the need to preserve the aesthetic nature in the automotive industry. Taking up the gauntlet to propel the longevity of the plastic parts, car manufacturers have accelerated the use of anti-scratch additives. Anti-scratch additives are known to lessen the scratch visibility and whitening, and at the same time maintaining stability and low visible bloom after exposure to heat and UV light. Meanwhile, the use of anti-dust additives has also surged against the backdrop of soaring off-road driving and pollution.
Highlights on Global Automotive Additives Market
The report includes preface and executive summary delineating automotive additives market. The report also includes market overview section which sheds light on industry evolution, market revenue projections and value chain analysis. The overview section also delves into Porters’ Five Force analysis which robustly reveals the competitive scenario pertaining to automotive additives market. The report also has a market outlook section which delineates reimbursement scenario on basis of region and focuses on technological advancements.
Automotive Additives Market: Competitive Scenario
The report also profiles companies that are operating in the automotive additives market, which include Saudi Basic Industries Corp, Akzo Nobel NV, Covestro AG, LANXESS AG, BASF SE, The Dow Chemical Company, Clariant AG, Solvay SA, Croda International PLC, Evonik Industries AG, ExxonMobil Corporation, and Kaneka Corporation.
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