TPC Business Research Group.

Plastics used in automobiles in the U.S. will experience growth at an average annual rate of 2.4% through 1998, according to a Pathfinder report from TPC Business Research Group. "Plastics in automobiles in the United States" forecasts that the overall U.S. consumption for plastics in automobiles will increase from about 2.5 billion pounds in 1993 to almost 3 billion pounds by 1998. According to the study, interior usage will continue to be the largest segment for automotive plastics applications with almost 40% of the total market. However, interiors are also the slowest growing segment because plastic replacement of other materials is nearly complete. One of the most far reaching aspects of the use and direction of automotive plastic applications, according to the study, is that automakers are likely to increase the number of models offered. One cost-effective strategy would base lower volume autos on a composite frame with interchangeable polymer-based body panels, fenders and bumpers. The study reports that automotive companies still face many problems in terms of financial pressures to cut costs and improve profits, and must respond to environmental concerns, mainly recycling of both plastics and metals.