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In this Edition August 2011 |
LEAD FEATURE |
COMPANY NEWS |
MATERIALS NEWS |
MACHINERY NEWS |
INJECTION MOULDING ASIA |
 RUBBER JOURNAL ASIA |
| ELECTRONIC ISSUE |
PRA August 2011 Electronic Issue Now Available |
Injection Moulding Asia
Chinese car market to consume more plastics
T
he year 2009 was a watershed one for the Chinese car industry when it became the largest in the world says new report titled "China Automotive Plastic Parts Industry Report, 2011-2015," Ireland-based by Research and Markets. The report also says that last year, Chinese passenger car components market reached a value of RMB58.2 billion ($9.09 billion) and is expected to increase to RMB85.12 billion in 2015.An increasing amount of plastics is also being used in car manufacture, with the average use of plastics in mid-grade sedans now around 130 kg/unit. In Europe and the US the use of plastics is higher at an average of more than 150 kg per car, compared to ten years ago when the average use of plastics per car was only about 60 kg.
Meanwhile, China-based manufacturers of automotive plastics parts like NBHX, JNMPT, Shuanglin and Shunrong are increasing their market share and their use of advanced technology.