Plastics use in vehicles to grow 75% by 2020

04/02/2015

By 2020, the average car will incorporate nearly 350 kg of plastics, up from 200 kg in 2014, according to analyst IHS Chemical (Englewood CO). Meanwhile, the market for carbon fiber in car manufacturing is expected to nearly triple in the coming years. Usage of carbon fiber in automotive manufacturing will increase to 9,800 tonnes in 2030, up from 3,400 tonnes in 2013. These predictions are made in a report titled, "Weight Reduction in Automotive Design & Manufacture."

Cars represent a fast-growing market for the chemicals industry according to IHS, with global car shipments expected to nearly double over the next 17 years, rising to 104.1 million units in 2020, up from 56.9 million vehicles in 2003 based on information from IHS Automotive. The majority of the growth will be propelled by the fast-expanding Chinese market.
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