Future Market Insights announces the release of its latest report titled, “Automotive Plastics Market: BRIC Industry Analysis and Opportunity Assessment 2015 - 2020”. According to the report, the BRIC automotive plastics market was valued at US$ 11,244.4 million in 2014, and is projected to register a compound annual growth rate (CAGR) of 15.4% during forecast period 2015 - 2020.
Automotive plastics are used to manufacture various components such as lighting systems ... Read more
The global automotive plastics market size is expected to reach USD 68.58 billion by 2025 registering a CAGR of 11.5%, according to a new report by Grand View Research, Inc. Rising preference for high-performance plastics to substitute conventional metals and rubber is expected ... Read more
The report on Automotive Plastics Market, gives an in-depth analysis of Automotive Plastics Industry based on aspects that are very important for the market study. Factors like production, market share, revenue rate, regions and key players define a market study start to end. This report gives an overview of market valued in the year 2019 and its growth in the coming years till 2025. It also predicts the CAGR.
According to the recent study the automotive plastics market is projected to reach an estimated $19.6 billion by 2027 from $13.6 billion in 2021, at a CAGR of 6.3% from 2021 to 2027. Growth in this market is primarily driven by increasing demand for lightweight materials for OEMs to reduce vehicle weight in response to stringent government regulations on fuel economy.
According to the recent study the automotive plastics market is projected to reach an estimated $33.2 billion by 2028 from $25.0 billion in 2022, at a CAGR of 4.8% from 2022 to 2028. Growth in this market is primarily driven by increasing demand for lightweight materials for OEMs to reduce vehicle weight in response to stringent government regulations on fuel economy.
