Driven by passenger car production and increasing utilization of automotive plastics in vehicle designs, the global automotive plastics consumption is anticipated to grow from 7.1 mln tons in 2012 to 11.3 mln tons by 2018 at an expected CAGR of 8% from 2013 to 2018, as per Reportbuyer. The global market is mainly driven by passenger car production and increasing utilization of automotive plastics in vehicle designs. The use of plastics in interior, exterior and under bonnet components of automobiles help in weight reduction, improve aesthetics, vibration and noise control and cabin insulation. The properties of plastics such as easy moldability, recyclability, scratch resistance, high volume to weight resistance, thermal stability, impact strength, and resistance to abrasion make them suitable for use in automobiles. Among all the automotive plastics, polypropylene (PP) leads consumption by 37% followed by polyurethanes (PU) (17.3%), acrylonitrile butadiene styrene (ABS) (12.3%), composites (11.5%), high density polyethylene (HDPE) (10.8%), polycarbonates (PC) (6.8%), and polymethyl methacrylate (PMMA) (4.4%) due to their easy forming properties and their availability at cheaper price than other materials. As of 2012, Asia-Pacific leads consumption by capturing 50.5% of market followed by Europe (28%), North America (11.3%), and rest of the world (10.1%). Major suppliers/producers include Dow Chemical Company (U.S.), Bayer MaterialScience (Germany), Momentive Performance Materials (U.S.), Akzo Nobel (Netherlands), and Evonik (Germany). The leading consumers include major automobile manufacturers such as Toyota Motor Corp., Hyundai Motor Company, Mitsubishi Motors Corp., General Motors, Honda Motor Co. Ltd, and Peugeot SA.