Automotive Plastics Market | Size, Trends, and Forecast

Automotive Plastics Market Value and Growth:

The size of the Market was around USD 27.39 Billion by revenue, at the end of 2019. It is expected to grow at a CAGR of 10.96 % to reach close to USD 46.02 by 2024.

Automotive Plastics Market Recent Development:

GW Plastics Inc., an advanced injection molding and contract manufacturing company, has announced to expand its Royalton, Vermont Manufacturing and Technology Center, considering the rising medical devices business.

Automotive Plastics Market Overview:

The Automotive Plastics Market has a slow growth pace in the market which is driven by the demand for polypropylene in the fast-growing automotive industry, as it is majorly used for interior and exterior plastics in the vehicle. The Automotive Plastics Market is expected to reach a total of USD 46.02 Billion by 2024 with a 10.96 % CAGR.

Automotive Plastics Market Drivers and Restraints:

The market is mainly driven by

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1.1.    Report description

1.2.    Key benefits for stakeholders

1.3.    Key market segments

1.4.    Research methodology

1.4.1.    Primary research

1.4.2.    Secondary research

1.4.3.    Analyst tools and models


2.1.    CXO perspective


3.1.    Market definition and scope

3.2.    Key findings

3.2.1.    Top impacting factors

3.2.2.    Top investment pockets

3.2.3.    Top winning strategies

3.3.    Porter’s five forces analysis

3.3.1.    Moderate-to-high bargaining power of suppliers

3.3.2.    Moderate-to-high threat of new entrants

3.3.3.    Moderate threat of substitutes

3.3.4.    High-to-moderate intensity of rivalry

3.3.5.    Moderate bargaining power of buyers

3.4.    Market share analysis, 2017 (%)

3.5.    Market dynamics

3.5.1.    Drivers    Increase in demand for fuel-efficient, high-performance, and low-emission vehicles    Stringent government rules and regulations toward vehicle emission

3.5.2.    Restraints    High manufacturing cost    Low fuel economy and serviceability

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