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The senior manager of the ACC Economic Statistics Department pointed out that in 2004, the United States and Canada assembled a total of 14.3 million light-duty vehicles, which meant a $28.6 billion business opportunity for the chemical market.
Vehicle chemicals include adhesives, antifreeze, catalysts, coatings, fibers, plastic dashboards and other components, as well as rubber tires and hoses. The current use of plastics and other chemicals in light vehicles has increased by 17% from 2000, an increase of 60% from 1990 levels. According to the ACC survey report, a light vehicle contains an average of 152 kg of plastics and other chemicals, accounting for approximately 8.3% of the vehicle's weight. Analysts pointed out that the reason why automakers are increasingly using plastics and other composites is that these materials can greatly reduce vehicle weight. Lightweight vehicle manufacturers want to use more plastic parts and buy a large number of paints and coatings needed for vehicle manufacture.
The current market demand for vehicles has shifted to lighter-weight sports utility vehicles, minivans and other light vehicles, which will promote the development of more lightweight vehicle materials. Experts pointed out that the demand for resins such as nylon, polypropylene, polyurethane and other engineering plastics in the light vehicle market is very large, accounting for more than 30% of the total demand of the resin market; the demand for polyvinyl butyral accounts for approximately More than 85% of total demand. Polyvinyl butyral can be used as a sandwich material for automotive glass in the automotive industry. In addition, each light vehicle uses an average of 79 kilograms of rubber and 26 kilograms of synthetic fiber. The amount of paint used in a light-duty vehicle produced in North America in 2004 was 11 kilograms.
The automotive chemicals market is increasingly concerned by chemical manufacturers. In the United States, each light vehicle, such as cars, light trucks, luggage carts, and sport utility vehicles, uses an average of about $2,000 in chemicals. The Chemicals and Light Vehicles Survey Report 2005 released by the American Chemicals Commission (ACC) predicts that the output of light vehicles worldwide will grow strongly in the next 10 years, from 61 million in 2004 to more than 77 million in 2014. Among them, Asia has the fastest growth rate, especially China. In the future, the light vehicle market will bring greater market space to chemical manufacturers.