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The Automotive Plastic Additives market is a subset of the Automotive Materials market, which encompasses a wide range of materials used in the production of vehicles. Automotive Plastic Additives are used to improve the performance of plastic components in vehicles, such as increasing their strength, durability, and resistance to heat and chemicals. These additives can also be used to reduce the weight of components, improve their appearance, and reduce production costs.
The Automotive Plastic Additives market is driven by the increasing demand for lightweight and fuel-efficient vehicles, as well as the need for improved safety and performance. The market is also driven by the growing demand for electric vehicles, which require more efficient and lightweight components.
Some of the major companies in the Automotive Plastic Additives market include BASF, Dow Chemical, Evonik Industries, Clariant, and Lanxess. These companies offer a wide range of products, including flame retardants, lubricants, plasticizers, and stabilizers. Show Less Read more