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