Lucintel's latest market report analyzed that automotive plastics provides attractive opportunities in the passenger cars, light commercial vehicles, and heavy commercial vehicles. The automotive plastics market is expected to reach $19.6 billion by 2027 with a CAGR of 6.3%. In this market, passenger car is the largest segment by vehicle type. Development of recycling technologies for plastics and replacement of PA 66 with cheaper and advanced PA 6 provides strategic growth path in this market.
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Based on vehicle type, the automotive plastics market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing plastic content per vehicle in emerging applications like oil pans, wheel rims, and battery trays.
Browse in-depth TOC on “Automotive Plastics Market”
68 – Tables
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The Automotive Plastics Market is marked by the presence of several big and small players. Some of the prominent players offering automotive plastics include BASF, Lyondellbassell, Du Pont. Co, Borealis AG, Dow Chemicals, Solvay, DSM, SABIC, EXXON Mobil, and Arkema.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Brandon Fitzgerald
Lucintel
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