Automotive Plastics Market Size Worth $83.9 Billion by 2027: Grand View Research, Inc.

Automotive Plastics Market Size Worth $83.9 Billion by 2027: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, March 16, 2020

SAN FRANCISCO, March 16, 2020 /PRNewswire/ --  The global automotive plastics market size is expected to reach USD 83.9 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a revenue-based CAGR of 11.1% over the forecast period.

Grand View Research

Rising preference for high-performance plastics to substitute conventional metals and rubber is expected to impel market growth. Superior properties, such as versatility and flexibility, of plastic materials have fostered innovations, in terms of technologies and designs. However, the quality of plastics is highly dependent on their properties, functions, and applications. Streamlined mass production has enabled provision of technologically sound and cost-efficient products with high sustainability.

Key suggestions from the report:

Read 182 page research report with ToC on "Automotive Plastics Market Size, Share & Trends Analysis Report By Product (PP, ABS, PU, PE, PC, PA, PVC, PMMA), By Application (Powertrain, Interior/Exterior Furnishings, Electrical Components), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/automotive-plastics-market

This technology has addressed several research challenges with respect to biological intricacies in stem cell biology, tumor biology, immunology, and other therapeutic areas. This leads to improved therapeutic decision-making with regards to precision medicine, thereby driving the adoption of these assays in personalized therapeutic development.

The growth in research publications depicts the increasing R&D investments. Since R&D activities are considered as the foundation of innovation, investments in R&D activities signify a healthy growth prospect for the single cell analysis market. Moreover, the establishment of new single cell genomics centers in the past years is anticipated to boost the uptake of instruments and consumables for single cell analysis, thus driving the growth.

Grand View Research has segmented the global automotive plastics market on the basis of product, application, and region:

 Find more research reports on Plastics, Polymers & Resins Industry, by Grand View Research:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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