Automotive Plastics Market

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Automotive Plastics Market Market size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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• Automotive Plastics market size is estimated to
  reach US53.8 billion by 2027 after growing at
  a CAGR of 5.4 during the forecast period
  2022-2027. 
• Automotive Plastics are specialty plastic
  materials that are used to enhance the safety,
  performance, and functionality of vehicles.
  Automotive plastics such as polypropylene (PP),
  polycarbonate (PC), polyvinyl chloride (PVC),
  polyurethane (PU), acrylonitrile butadiene
  styrene (ABS), and others have flourishing
  applications in automotive interiors, exteriors,
  under the bonnet, and other vehicle components. 

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• Key Takeaways
• Asia-Pacific dominates the automotive plastics
  market, owing to flourishing lightweight
  automotive production, established base for light
  electric vehicles, and rising demand for
  passenger vehicles in APAC, thereby boosting its
  growth in the APAC region.
• The passenger vehicles (PV) sector is rapidly
  growing in the automotive plastics industry due
  to the rising applicability of plastics such as
  PP, PU, PVC, PE, and others for various
  automotive components, along with growing
  urbanization and demand for light vehicles for
  transportation, thereby driving the market.

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By Distribution Channel- Segment Analysis The
Polypropylene (PP) segment held the largest share
in the automotive plastics market in 2021 and is
forecasted to grow at a CAGR of 5.7 during the
forecast period 2022-2027. The growth of
polypropylene (PP) plastic in automotive
applications is due to its advantages and
preference over other automotive plastics. The
superior features of PP such as fuel efficiency,
cost-effectiveness, lightweight, and high
suitability for low-friction applications boost
its demand compared to other engineered plastics
options that are not cost-effective and
lightweight. 
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• Automotive Plastics Market Industry Outlook 
• BASF SE
• LyondellBasell Industries Holdings BV
• Covestro AG
• Evonik Industries
• Solvay SA

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Automotive Plastics Market - Forecast(2022 -
2027) Learn More About the Report _at_
https//www.industryarc.com/Research/Automotive-P
lastics-Market-Research-500416
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
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