Automotive Plastics Market Key Finding, Market Impact, Latest Trends Analysis, Progression 2030

Automotive Plastics Market size was valued at US$ 24.56 Bn. in 2023 and the total Automotive Plastics revenue is expected to grow at 7.9 % through 2024 to 2030, reaching nearly US$ 41.83 Bn.
Automotive Plastics Market Overview:

The automotive sector is the third most important consumer of polymers after packaging and building & construction. The role of plastic in the design and manufacturing of automobiles and changing consumer preferences are driving the demand for more affordable, lightweight, and fuel-efficient vehicles. Fuel efficiency has become one of the most important features in automotive vehicle design owing to the growing fuel prices and stricter environmental regulations.