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Plastics for vehicles in the European Union

Takes about 13 minutes to read

One major trend in the automotive industry concerns the reduction of vehicle weight, resulting in an increasing demand for lightweight materials. Advanced materials (e.g. lightweight composites, carbon fibre and different plastics) are increasingly being used to replace or supplement steel, aluminium, with the goal of making vehicles lighter. This trend offers many opportunities to suppliers from developing countries. In this study, we explore these opportunities by looking at the demand for plastics in the automotive industry, as well as trends, buyer requirements, competition and market prices.