Advanced Materials Industry Automotive Plastics Market Trends, 2016

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Automotive Plastics Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 To 2024 | Hexa Research The global automotive plastics market is poised to exceed USD 66 billion by 2024. The market is anticipated to grow at a healthy CAGR of over 13.5% from 2016-2024 (forecast period). Demand for interior & exterior furnishings & power train applications can fuel the global market in the forthcoming years. Alloys & metals are increasingly being substituted with plastics in automobile parts. This leads to enhanced component performance & chemical corrosion resistance owing to reduced vehicular weight. Greater focus on emission control and on the reduction of vehicle weight will fuel market demand during the forecast period. Other market drivers are enhanced vehicle designs and demand for automobiles. The automotive market has been witnessing a growing trend towards vehicular weight reduction for enhanced fuel efficiency. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/