Automotive plastics companies specialize in providing advanced plastic solutions for the automotive industry. These materials are crucial for reducing vehicle weight, enhancing fuel efficiency, and improving design flexibility.
November 2023- The investment firm Northern Gritstone, on November 16thannounced a £2 million Series A investment into the bioplastics developer Floreon, a spin-out technology from the University of Sheffield. Floreon has developed a range of bioplastics made from plants, including corn and sugarcane, with performance comparable to Acrylonitrile Butadiene Styrene (ABS), the common plastic polymer widely used in automotive, electronics, and electrical appliances and toys. With over 99 percent of the world's plastics produced from chemicals sourced from fossil fuels, bioplastics offer a sustainable alternative. The global bioplastics and biopolymers market is projected to reach USD27.3 billion by 2027. Floreon's materials have achieved the performance standards for high-value applications and mass production. By using plants to take carbon dioxide directly from the air and convert it into sugars that can be used as feedstock for the material, Floreon's bioplastics production can reduce carbon emissions by up to 7x compared to traditional oil-based plastics.
The company's innovations include:
Therma-Tech is the world's first bioplastic to achieve UL94V-0 flammability certification, allowing its use in home electronics, automotive, and construction applications.
Dura-Tech is an ideal alternative to ABS when fire resistance isn't needed.
Bio-Tech is an industrially compostable version ideal for food packaging and agricultural applications.
Northern Gritstone's investment will allow Floreon to expand its team and bring its products to market.
November 2023- Cooper Standard has been recognized as a 2023 Society of Plastics Engineers (SPE) Automotive Innovation Award finalist for its FlushSeal™ System found on several NIO models. The innovation, which is recognized in the Body Exterior category, is one of 28 technologies named a finalist in the annual program that honors the best companies in automotive plastics. Cooper Standard's FlushSeal™ System offers a patented solution to enable flush glass – a growing trend associated with the shift to electric vehicles – while maintaining the performance of a traditional door and the differentiated aesthetics and styling of a frameless door. The key enablers of this system are the rails and sliders, which are both comprised of plastic-based materials. The intimate cooperation of these two components is the critical design feature that makes the Cooper Standard system superior to other systems on the market by allowing flexibility but also robust glass guidance.
Key Companies in the Automotive Plastics market include
Automotive Plastics Market Highlights:
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