06 August 2013 18:04 [Source: ICIS news]
"It means that we'll be seeing good demand for new cars for some time to come," said one source that sells nylon and polycarbonate to the automotive industry. "That's good news for our industry (petrochemicals), as more and more auto parts are made of plastics and other light-weight materials."
According to a recent R.L. Polk survey of 247m ?xml:namespace>
US automakers are expected to produce about 16m vehicles in 2013, its best year since 2007. The auto industry demands acrylonitrile, acrylonitrile-butadiene-styrene, polycarbonate, nylon and other petrochemical-based plastics and rubbers for auto parts. Key producers of some of these products include Bayer Material Sciences, Ineos, Honeywell, SABIC, Styron and Styrolution.
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