Automotive Plastics Market Size

Statistics for the 2023 & 2024 Automotive Plastics market size, created by Mordor Intelligence™ Industry Reports. Automotive Plastics size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Automotive Plastics Industry

Automotive Plastics Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) > 10.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Automotive Plastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Automotive Plastics Market Analysis

The Automotive Plastics Market is expected to register a CAGR of greater than 10% during the forecast period.

COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.

  • The increasing demand for lightweight and electric vehicles is expected to drive the demand for the market during the forecast period. On the flip side, challenges associated with plastic recycling are likely to hinder the market's growth.
  • Technological development in electric vehicles is projected to act as an opportunity for the market in the future. The Asia-Pacific region dominates the global market due to increased demand for electric vehicles in the region.

Automotive Plastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)