Lucintel Forecasts Global Automotive Plastics Market To Reach $21.3 Billion By 2025

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According to the recent study the global automotive plastics market is projected to reach an estimated $21.3 billion by 2025 from $20.4 billion in 2019, at a CAGR of 0.7% from 2020 to 2025. Growth in this market is primarily driven by increasing demand of lightweight materials, government regulations, and improvements in vehicle design. Asia Pacific is the leading region in global automotive plastics industry with strong growth in the vehicle production.
Browse 87 figures / charts and 37 tables in this 170 -page report to understand trends, opportunities and forecast in global automotive plastics market by product type (polypropylene, polyurethane, polyamide, polyvinyl chloride, acrylonitrile butadiene styrene, polycarbonate, polyethylene, polymethyl methacrylate, others), and region (North America, Europe, Asia Pacific and Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/downloadreportsample.aspx?RepId=RPT2114 and view detailed Table of Content here – https://www.lucintel.com/Global automotive plastics-market.aspx
“Ground Global automotive plastics market ...
... is expected to remain the largest segment during the forecast period.”
Based on grade, the Global automotive plastics market is segmented into ground Global automotive plastics, sheet Global automotive plastics, and built-up Global automotive plastics. Lucintel forecasts that the ground Global automotive plastics is expected to witness the largest segment over the forecast period and witness highest growth over the forecast period due to growth in construction and paint & coating markets.
“Within the Global automotive plastics market, the electrical and electronics segment is expected to remain the largest end use industry”
Based on end use industry, the electrical and electronics segment is expected to witness the largest end use industry over the forecast period and witness the highest growth over the forecast period due to increasing use of Global automotive plastics as an insulating material in electrical and electronics applications, such as capacitor, wire & cable, electric lighting & control equipment, and semiconductor.
“Asia Pacific will dominate the Global automotive plastics market in near future”
Asia Pacific is expected to be the largest region over the forecast period and witness the highest growth over the forecast period due to the growth in electrical and electronics industry and increasing usage of joint compound, caulks & sealants, and grouts in construction industries.
Download Brochure of this report by clicking on https://www.lucintel.com/Global automotive plastics-market.aspx
Major players of Global automotive plastics market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Franklin Industrial Mineral, Global automotive plastics Manufacturing Company, Cogebi N.V, BASF, Asheville-Schoonmaker, Premier Global automotive plastics Company, Imerys, Hebei Lingshou Mining and Building Material, Daruka Mineral, and Gunpatroy and others are among the major Global automotive plastics providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/Global automotive plastics-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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