Global Automotive Plastics Market at a 9.78% CAGR by 2027
KEY FINDINGS Various grades of plastics are categorized based on their usage, composition, resistance; rigidity, cost, and weight. Their utilities in screw-on attachments in the furnishings to the more cost-intensive body parts in automobiles, everyday utilities, etc.; these materials have made huge headways into various industries, and one of the most profited end users for plastics has been the automotive industry. On top of that, the growing demand for light-weight, fuel efficient and high-performance vehicles from the consumer's end are expected to inculcate massive investments and raise the manufacturing rate for automotive plastics . The global automotive plastics market is anticipated to raise its growth during the forecasting years of 2019-2027 with quantified and approximated 9.78% CAGR. The global market is expected to grasp a share valued $ 64,164 million by the end of 2027. MARKET INSIGHTS Plastics find vast applications within the automotive sector ...