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Global Automotive Plastics Market: Research In-Depth Analysis, Applications, Forecast To 2032
Automotive Plastics Market
The Business Research Company's Automotive Plastics Global Market Report 2023 identifies increase in demand for lightweight and electric vehicles as the major driver for the Automotive Plastics market's growth in the forecast period. The increase in the use of plastic components in the automotive industry has boosted the advancements in the design of automobiles. It also reduces the consumption of fuel in vehicles, as less weight requires less energy when the vehicle is accelerated.
The global automotive plastics market size grew from $36.49 billion in 2022 to $40.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive plastics market size is expected to grow to $56.02 billion in 2027 at a CAGR of 8.6%.
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Major competitors in the Automotive Plastics market are BASF SE, Borealis AG, Covestro AG, DuPont, Evonik Industries, SABIC, Magna International, Inc., Akzo Nobel N.V., Arkema SA, Grupo Antolin-Irausa S.A., LyondellBasell Industries Holdings BV, Momentive Performance Materials Inc., Teijin Limited, The Dow Chemical Company, and Zoltek Companies Inc
A key trend in the Automotive Plastics market includes technological advancement. Technological advancement is the discovery of knowledge that advances the understanding of technology.
Read More On The Global Automotive Plastics Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-plastics-global-market-report
The Automotive Plastics market is segmented -
1) By Vehicle Type: Conventional/Traditional Vehicles, Electric Vehicles
2) By Product Type: Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), Polyamide (PA), Acrylonitrile Butadiene Styrene (ABS), High Density Polyethylene (HDPE), Polycarbonate (PC), Polybutylene Terephthalate (PBT)
3) By Application: Interior, Exterior, Under Bonnet
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Plastics market.
The Business Research Company's "Global Automotive Plastics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Plastics Market Include:
1. Executive Summary
2. Automotive Plastics Market Characteristics
3. Automotive Plastics Market Trends And Strategies
4. Automotive Plastics Market - Macro Economic Scenario
5. Automotive Plastics Market Size And Growth
.......
26. Africa Automotive Plastics Market
27. Automotive Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Plastics Market
29. Automotive Plastics Market Future Outlook and Potential Analysis
30. Appendix
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