Automotive Plastics Market- In-Depth Analysis, Growth and Survey of COVID-19 Pandemic Impact- Exclusive Report by MarketsandMarkets™
Verfasser: ashwani_kailiya on Thursday, 2 June 2022The report "Automotive Plastics Market for Passenger Cars by Product Type (PP, PU, PVC, PA), Application (Interior, Exterior, Under Bonnet), Vehicle Type (Conventional Cars, Electric Cars), and Geography - Global Forecast to 2026", The global automotive plastics market size for passenger cars is projected to grow from USD 21.1 billion in 2021 to USD 30.8 billion by 2026, at a CAGR of 7.9% during the forecast period 2021 to 2026. The demand for automotive plastics is mainly driven by passenger car production and the increasing utilization of automotive plastics in vehicle designs. Plastics offer a maximum weight reduction of automobiles, which in turn reduces carbon emissions. There is a growing demand for automotive plastics products from developing economies.
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The polyurethane (PU) product type segment accounted for the largest share of the automotive plastics market for passenger cars in 2020.