16 September 2009 18:31 [Source: ICIS news]
Correction: In the ICIS news story headlined “Coming upheaval seen for US auto plastics” dated 16 September 2009, please read in the ninth paragraph … 400m new cars … instead of … 4000m new cars … A corrected story follows.TROY, ?xml:namespace>
Bob Eller, president of Robert Eller Associates consulting agency, said automotive plastics suppliers can expect to see changes in everything from the types of plastics they make to the shape of the supply chain connecting them to original equipment manufacturers (OEMs) in the next decade.
“Europe and Asia OEM will gain share in
With the drive toward lighter cars and experiments with electric engines, the
New corporate average fuel economy (CAFE) standards in the
Eller said that still leaves the
“It’s admirable that we’re increasing our CAFE requirements,” he said. “But we are still considerably behind other portions of the world. That means that technology will be coming from other parts of the world to
Eller said he was convinced the price of oil will go up in the long term, if for no other reason than the rise of the middle class in
There are more than 700 cars for every 1,000 people in the
And as more automakers incorporate electric battery technology into their vehicles - either in all-electric or gasoline/electric hybrid engines - they will demand light-weight plastic composites to compensate for the increased vehicle weight, Eller said.
“I truly believe carbon fibre thermoplastics composites are on the grow,” Eller said. “They will come into the market as hybrids with glass fibre. And the penetration of glass fibre-based long glass is going to bring in various kinds of biopolymers.”
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections