August 21, 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.
Automotive additives market continues to remain driven by the innate benefits of these products such as provision of protection to both the exterior and interior components of a vehicle. UV absorbers are witnessing a significant demand in the automotive additives market, as they reduce photo-degradation and offer exceptional on-tone fading. The demand for anti-dust additives is also increasing in the automotive additives market, due to the rising pollution and off-road driving, resulting in dust and dirt particles on a vehicle. Meanwhile, automotive additives market players are also focusing on providing anti-scratch additives to increase the lifetime of the vehicle and maintain high-quality appearance, especially in the case of internal automotive parts. Thermal and light stabilizers are also being provided by the companies operating in the automotive additives market.
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Table of Content
1. Global Automotive Additives Market - Executive Summary
2. Global Automotive Additives Market Overview
3. Global Automotive Additives Market Analysis and Forecast By Plastic Additives
To be Continue......................
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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