Global Automotive Plastics (PP, ABS, PU, PE, PC, PA, PVC, PMMA) Market Size, Share & Trends Analysis Report 2021-2028 - ResearchAndMarkets.com
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Thursday, September 23, 2021
Chemicals, Plastics, Manufacturing, PC, Refrigeration, USD, CAGR, PE, Income, Engineering, PVC, Population, Car, ABS, Plastic, DuPont, PMMA, Company, Dormagen, Growth, Electronics, Rubber industry in Malaysia, Asia, Research, Component-based software engineering, Process, Government, PU, PP, Industry, Thermoplastic, Video game
The global automotive plastics market size is anticipated to reach USD 38.7 billion by 2028, expanding at a CAGR of 4.4%
Key Points:
- The global automotive plastics market size is anticipated to reach USD 38.7 billion by 2028, expanding at a CAGR of 4.4%
A rising preference for high-performance plastics to substitute conventional metals and rubber is expected to impel market growth. - Increasing product demand from the automotive industry for use in refrigeration insulation, interior trims, and seat cushioning is expected to boost product demand over the forecast period.
- On the basis of application, the market is segmented into powertrain, electrical components, interior furnishings, exterior furnishings, under the hood, and chassis.
- The rising application of plastics in powertrain engineering is expected to support market growth in the coming years.