Scratch Resistance Plastics Market: Introduction
Scratch resistance plastics or polymers can be enhanced by coating, mineral fillers, and additive technology. The polypropylene resins are widely used for making of scratch resistant plastic. Plastic compounds are used with additives such as mica, glass fiber, talc, and other additives to improve scratch resistant properties. High impact strength and scratch proof properties are essential in automotive interior applications. Mineral modifiers such as talc and wollastonite are widely used to manufacture polyolefin. This technique enhances properties such as stiffness and heat resistance. Chemically modified wollastonite is used to manufacture automotive parts such as interiors, exterior, and under the hood components. Small car parts are majorly made using polypropylene, which easily develops scratches. Silicon additives are key scratch resistance additives primarily added to plastic components.
Growth in the automotive industry and the increase in stringent regulations on vehicle safety are key factors that are projected to fuel the scratch resistance plastics market during the forecast period. Scratch resistance plastics hold key importance for vehicle safety and passenger safety. The increasing accidents cases across the globe is projected to fuel demand for scratch resistance plastics in the next few years. Strict regulation for plastic production in several countries due to carbon emission is likely to hamper the scratch resistance plastics market during the forecast period.
Scratch Resistance Plastics Market: Segmentation
Based on polymer type, the scratch resistance plastics market can be segmented into polypropylene, polyethylene, polystyrene, and others. The polypropylene segment is projected to hold a major share of the scratch resistance plastics market during the forecast period. Extensive use of these plastics in interiors and exteriors parts of passenger cars and other vehicles is anticipated to fuel the scratch resistance plastics market during the forecast period.
In terms of end-use industry, the scratch resistance plastics market can be divided into automotive, consumer goods, electrical & electronics, packaging, and others. The automotive segment is projected to constitute a major share of the scratch resistance plastics market during the forecast period. Increasing demand for vehicles across the globe is likely to fuel the scratch resistance plastics market during the forecast period.
Scratch Resistance Plastics Market: Region-wise Outlook
Based on region, the scratch resistance plastics market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific is likely to dominate the global scratch resistance plastics market during the forecast period. China is a prominent producer of plastics components. China has a prominent number of the manufacturer of several automotive parts and components. This factor is projected to drive the scratch resistance plastics market at a significant pace in the next few years. North America and Europe are anticipated to constitute a major share of the global scratch resistance plastics market during the forecast period. Stringent regulation on vehicle safety in the U.S., France, and Germany are expected to boost the demand for scratch resistance plastics in the next few years. The market in Latin America and Middle East & Africa is likely to expand at a sluggish pace during the forecast period owing to the recovery of the automotive sector.
Scratch Resistance Plastics Market: Key Players
Large number of companies operate in the global scratch resistance plastics market. Prominent manufacturers of scratch resistance plastics include Wacker Chemie AG, Phantom Plastics, Croda International Plc, and SABIC.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.