With the increasing demand for passenger cars, the demand for plastic powertrain components such as the casing and casing of the electric motor is likely to increase.

The global market for automotive plastics for passenger cars is currently estimated at $ 21.1 billion and is forecast to reach a value of $ 30.8 billion by 2026, at a compound annual growth rate of 7.9% during the forecast period from 2021 to 2026.

According to a report by Research And Markets, the increase in disposable income, the change in lifestyle and the growth of the population in emerging economies are some of the drivers of the growth of the market for automotive plastics for passenger cars.

According to this report, the under-the-hood applications segment is expected to grow at the highest CAGR during the forecast period. It is also pointed out that the application under the hood is the fastest growing segment of the market for automotive plastics for passenger cars.

With the increasing demand for passenger cars, the demand for plastic powertrain components such as the casing and casing of the electric motor is likely to increase.

The growth of the automotive plastics sector

Some of the factors responsible for the market growth include battery thermal management systems that require a high-quality polymer casing and the deployment of lightweight components for electric motors.

New plastic innovations in the electric powertrain, such as the adoption of polymer in the concept of cooling the electric motor housing material, are likely to result in the growth of advanced plastics used for under-hood components.

The PU product type segment was the largest market in 2020

Among the conclusions of the report, it is highlighted that PU is the largest product type segment in the market for automotive plastics for passenger cars. PU is a strong and lightweight material that helps designers and manufacturers design seats and other components that can be assembled, disassembled and recycled.

They are available in a wide range of stiffness, hardness, and densities, and are used in seats, steering wheels, automobile suspension bushings, carpet backs, seat liners, headrests and armrests, airbag covers, acoustic insulation and dash panels. isolation.

For its part, Polyurethane is the most durable and can be recycled, so it finds many applications in automotive plastics for passenger cars.