Automotive Plastics Market Increasing Adoption of Advanced Technologies by 2027, Fortune Business Insights™
The global automotive plastics market size is expected to hit USD 53.85 billion by 2027. This is attributable to the rising automotive sector and the growing demand for additive manufacturing in automotive sector during the forecast period. This information is published by Fortune Business Insights, in its latest report, titled, “Automotive Plastics Market Size, Share & Industry Analysis, By Type (Polypropylene, Polyurethane, Polyamide, Polyvinylchloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polyethylene, and Others), By Application (Interior, Exterior, and Under Bonnet), and Regional Forecast, 2020-2027.” The report further observes that the automotive plastics market size stood at USD 40.91 billion in 2019 and is likely to exhibit a CAGR of 5.3% between 2020 and 2027. COVID-19 Leads to Shutdown of Production Facilities Hampering Growth The automotive sector is facing unprecedented loss owing to the declining sales and high availability o...