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July 30, 2021, 1:09 a.m. EDT

Global Automotive Additives Market, June 2021 Report On 2021 Industry Share, Top Players Analysis, Size, Demand, Growth Strategy, Trends, Supply, Revenue and 2030 Forecast Research

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Jul 30, 2021 (AmericaNewsHour) -- In a recently published report, Global Automotive Additives Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Automotive Additives Market products.

Get Sample Reports Here – https://www.kennethresearch.com/sample-request-10013470

It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

Global Automotive Additives Market industry valued approximately USD 5.92 billion in 2016 is anticipated to grow with a healthy growth rate of more than 6.88% over the forecast period 2017-2025. The factors like the rising needs for lightweight vehicles and electrification of vehicles in most of the developing countries are fueling the sales of vehicles because of which, it propels the growth of automotive additive market growth. Other factors affecting the growth include enhancements in fuel and energy efficiency.

The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

Plastic Additives:
i�??§ Plasticizers
i�??§ Anti-Scratch
i�??§ Stabilizers
i�??§ Antioxidants

Application:
i�??§ Exterior
i�??§ Interior
i�??§ Under the Hood

Plastic:
i�??§ Polypropylene (PP)
i�??§ Polyurethane (PUR)
i�??§ Poly-Vinyl Chloride (PVC)
i�??§ Acrylonitrile Butadiene Styrene (ABS)

Vehicle Type:
i�??§ Passenger Car
i�??§ Light Commercial Vehicle
i�??§ Heavy Commercial Vehicle
i�??§ Electric Vehicle

Regions:
i�??§ North America
o U.S.
o Canada
i�??§ Europe
o UK
o Germany
i�??§ Asia Pacific
o China
o India
o Japan
i�??§ Latin America
o Brazil
o Mexico
i�??§ Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market are ExxonMobil Corp., Akzo Nobel N.V., Covestro AG, The Dow Chemical Company, BASF SE, Sabic, Lanxess, and Solvay SA. Acquisitions and effective mergers are strategies adopted by major manufacturers. New product launches and focus on continuous technology innovations are also some strategies adopted by the key players. The companies are also trying to dominate the market by investing in research and development.

Target Audience of the Automotive Additives Market Study

i�??§ Key Consulting Companies & Advisors
i�??§ Large, medium-sized, and small enterprises
i�??§ Venture capitalists
i�??§ Value-Added Resellers (VARs)
i�??§ Third-party knowledge providers
i�??§ Investment bankers
i�??§ Investors

Download Sample Reports Here – https://www.kennethresearch.com/sample-request-10013470

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

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