China automotive plastic parts company Will Meet More Opportunities In Next Year
Due to its light volume, wide design space, excellent performance, and low manufacturing cost. Plastic has become the preferred material for automobile manufacturing in the 21st century. In recent years, the increasing demand for energy saving, environmental protection, and durable and light vehicles in automobile consumption and production has stimulated the demand for plastics in the automobile industry. Demand for automotive plastics is forecast to exceed $50 billion by 2024, according to Global Market Insights(GMI) industry report.
Automotive parts materials to lightweight development
At present, the demand for cars is turning to light multi-function vehicles and other light vehicles such as minivans, which promotes the development of automotive materials to lightweight.
According to the national policy of China’s automobile industry. In the coming years. The application of lightweight materials is fulfilled in automotive products to decrease fuel consumption. In the process of automotive weight reduction. The injection molding of plastics parts is widely considered as one of the best alternative materials. At present, more than 90 percent of automotive plastic products are produced by plastic injection molding. The rapid development of the automotive industry provides huge market space for relevant plastic products and plastic injection mold companies.
The future global automotive plastics parts market demand is strong
Global passenger vehicle production and market demand growth, and automotive lightweight trend to promote the growth of automotive plastic demand. Automotive plastics are used in a wide range of applications. For example, automotive interior and exterior automotive hood and other parts. It can reduce the overall weight of the car, beautiful, and help to play the body insulation, vibration and noise control, and other functions.
According to statistics, the average amount of plastic per vehicle achieves developed 150 kg. The average amount of plastic parts per car is only 100 kg in China Market, compared with developed countries, there is much room for growth. China’s automobile industry is expected to increase the ratio of china prototype of the number of plastic products in the coming years. Thus increasing the demand for high-precision, high stability of plastic products. Meanwhile, the low-pressure injection mold and other high-end rapid prototyping plastic will also usher in good development opportunities.
Also, the plastic injection molded parts will be much cheaper than stamping or die casted parts. The more plastic parts used in cars, the cheaper price will be, then it will stimulate the car market, let more and more medium-income people can afford the car. In the meantime,
China plastic injection molding companies also get more orders from the market increase.