Global automotive plastics market value 2019 & 2027
Automotive plastics are increasingly used in order to make vehicles more lightweight. The global market value of plastics used in automotive applications was nearly 36 billion U.S. dollars in 2019. Due to expected growth as a result of increased vehicle lightweighting, it is forecast that the market value of automotive plastics will increase to nearly 84 billion U.S. dollars in 2027.