The global automotive plastics market is poised to exceed USD 66 billion by 2024. The market is anticipated to grow at a healthy CAGR of over 13.5% from 2016-2024 (forecast period). Demand for interior & exterior furnishings & power train applications can fuel the global market in the forthcoming years.
Alloys & metals are increasingly being substituted with plastics in automobile parts. This leads to enhanced component performance & chemical ... Read more
The global automotive plastics market is poised to exceed USD 66 billion by 2024. The market is anticipated to grow at a healthy CAGR of over 13.5% from 2016-2024 (forecast period). Demand for interior & exterior furnishings & power train applications can fuel the global market in the forthcoming years.
The Automotive Industry has been growing at a healthy, and consistent pace. The market forecast by Market Research Future for the Global Automotive Plastic Market suggests growth at a promising CAGR of 12.6% during the projection period from 2016 to 2023. Automotive Plastic is essential in the design and manufacturing process of automotive ... Read more
The latest report published Market Research Future (MRFR) reveals that the Global Automotive Plastics Market will witness a CAGR of 10.45% from 2018 to 2023 and reach a valuation of over USD 43,560 Mn. There is a tremendous upsurge in use of plastic in the automotive sector. Today, plastics are used in manufacturing a wide-range of automotive ... Read more
Automotive Plastics are specially developed polymers for the design and manufacturing of automotive parts such as flooring, engine components, and door panels, etc. This lightweight polymer helps to control fuel consumption and carbon footprint, increasing the fuel efficiency of vehicles. Moreover, these plastics also allow designers to implement innovative and durable designs. Resultantly, these light-weight polymers witness a huge uptake and demand in the manufacturing of vehicles. The ... Read more
The Global Automotive Plastics Market is growing continually, mainly due to the augmenting demand for lightweight plastic components in the automotive industry. These lightweight polymers witness a huge uptake and demand in the manufacturing of vehicles. The Automotive Polymer or plastic controls the fuel consumption & carbon footprint and increases the fuel efficiency of vehicles. Also, these polymers allow designers to implement innovative and durable designs. The heightened demand, in ... Read more
