INDUSTRY NEWS

Biesterfeld to expand its presence in Europe region acquires Norwegian distributor Lindberg & Lund

Published Date | 2019 September 11

The global distributor and sales partner of plastics, rubber and specialty materials to enlarge its product portfolio which will impel the global plastic and lubricants industry

Global: This acquisition done by the company is in line with its geographic footprint expansion. The growth strategy will help to strengthen core competencies and reinforce and expand the focus on high-quality, application-specific products and service-oriented solutions for customers. The Lindberg & Lund Group imports manufacture and distribute lubricants, construction adhesives, solvents, composite materials, castings, and auxiliaries to the industry. The range of products and services offered by the Lindberg & Lund Group perfectly complements the portfolio in the area of performance products.

According to BlueWeave Consulting, Stringent rules and laws related exhaustion and recyclability of conventional resources such as metal and wood are expected to drive more plastics demand from construction industries in isolation, pipes, cables, floorboards, windows, storage tanks, and others. Polymer fittings are also usually relatively simple and easy to connect, compared to metals or wood, with an extensive range of color mixtures, adding to their aesthetic appeal. Rising population, rapid urbanization, and industrialization in developing economies are compelling government to raise their construction expenditure to address growing infrastructure needs. Increasing construction expenditure by the government, mainly in China and India, will drive the demand for plastics in infrastructure and construction applications. In the automobile, industrial plastics used into automotive components and parts owing to their ease of manufacturing, possible sourcing from renewable raw materials and relative ease of improved design. The properties of plastics such as scratch resistance, recyclability, high volume to weight resistance, impact strength, thermal stability, and resistance to abrasion make them suitable for use in the automobile industry.

According to BlueWeave Consulting report titled “Global Automotive Plastic Market by Type (Acrylonitrile Butadiene Styrene, Polypropylene, Polyurethane, Polyvinyl Chloride, Polyethylene, Polycarbonate, Polymethyl Methacrylate, and Polyamide), By Application (Power Trains, Electrical Components, Interior & Exterior Furnishing, Fuel System, Chassis, and Engine Components), By Region; Size and Forecast, 2018-2025”

Global Automotive Plastic market report provides analysis for the period 2013–2025, wherein the period from 2018 to 2025 is the forecast period and 2017 as the base year. The market study reveals that the global automotive plastic market is expected to grow with a CAGR of over 12.72% during 2018-2025 in terms of value. The market is expected to reach around USD 59 billion by 2025. This growth is driven by several reasons such as growing demand for lightweight vehicles among automotive manufacturers, high investment on electric vehicles coupled with easy availability of automotive plastic via stores & e-commerce channels, etc.

U.S. Automotive Plastic Market by Type (Acrylonitrile Butadiene Styrene, Polypropylene, Polyurethane, Polyvinyl Chloride, Polyethylene, Polycarbonate, Polymethylmethacrylate, Polyamide), By Application (Power Trains, Electrical Components, Interior & Exterior Furnishing, Fuel System, Chassis, Engine Components); Size and Forecast, 2018-2025

The market study reveals that the U.S. automotive plastic market is expected to grow with a CAGR of over 11% during 2018-2025 in terms of value. U.S. Automotive Plastic market report provides analysis for the period 2013–2025, wherein the period from 2018 to 2025 is the forecast period, and 2017 is base year.

China Automotive Plastic Market by Type (Acrylonitrile Butadiene Styrene, Polypropylene, Polyurethane, Polyvinyl Chloride, Polyethylene, Polycarbonate, Polymethyl Methacrylate, Polyamide), By Application (Power Trains, Electrical Components, Interior & Exterior Furnishing, Fuel System, Chassis, Engine Components); Size and Forecast, 2018-2025

China Automotive Plastic Market expected to grow with a CAGR over 12% during the forecast period 2018-2025, due to price-sensitive demand, improved vehicle design capabilities and the increasing importance of weight reduction and emission control. The automotive industry constitutes a dynamically growing sales market for plastics. The replacement of metal, rubber, and glass by plastics reduces weight keeping the performance intact or even improved. Plastics are majorly used into automotive components and parts owing to their ease of manufacturing, possible sourcing from renewable raw materials and relative ease of improved design.