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Automotive Plastics market Size, Share Analysis, Key Companies, and Forecast To 2030 – Kentucky Journal 24
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The Worldwide Automotive Plastics Industry is Expected to Reach $30 8 Billion by 2026 at a CAGR of 7 9% from 2021
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Automotive Plastics Market for Passenger Cars worth $30 8 Billion by 2026 - Exclusive Report by MarketsandMarkets™
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Automotive Plastics Market for Passenger Cars worth $30 8 Billion by 2026 - Exclusive Report by MarketsandMarkets
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The global automotive plastics market size is anticipated to reach USD 36.5 billion by 2027, registering a CAGR of 3.8%
Rising preference for high-performance plastics to substitute conventional metals and rubber is expected to impel market growth. The polyurethane (PU) product segment is anticipated to witness significant growth over the forecast period owing to the ability of PU to infuse the characteristics of both plastic and rubber at a lower weight compared to metal and other plastic materials.
Increasing product demand from the automotive industry for use in refrigeration insulation, interior trims, and seat cushioning is expected to boost market growth over the forecast period. On the basis of application, the market is segmented into power trains, electrical components, interior furnishings, exterior furnishings, under-the-hood components, and chassis. The power train segment is expected to witnes