The global Automotive plastics market is anticipated to witness significant growth over the forecast period due to factors such as rising pressure to reduce vehicle weight, favorable regulations coupled with the rising sales of passenger cars.
Automotive plastics market size is likely to exceed 18 million tons by 2022, growing at a CAGR of over 9.5% from 2015 to 2022. Major companies include Dow Chemical, Johnson Control, Evonik Industries, AkzoNobel N.V. and Delphi Automotive.
Automotive plastics market is to be worth more than 52 billion by 2022, growing at an CAGR of over 13.5%. Stringent regulation to reduce vehicle weight and curb carbon emissions is likely to drive automotive plastics market.Automotive plastics market