Market Size of Europe Automotive Plastics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | < 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Automotive Plastics Market Analysis
The automotive plastics market is expected to register a CAGR of around 6% during the forecast period. The increasing demand for lightweight and electric vehicles is expected to drive the demand for the market during the forecast period.
- The decline in automotive production and the impact of COVID-19 pandemic are likely to hinder the growth of the market.
- Technological development in electric vehicles is projected to act as an opportunity for the market in the future.
