Global automotive plastics market is expected to grow at a CAGR of 13% by 2020, as per Research and Markets. Revival in vehicle production will be the major factor boosting the demand for automotive plastics. Growing demand for vehicles from emerging economies such as China, India, and the Latin American countries will also drive the market growth.
Among the different types of automotive plastics, polypropylene (PP) accounts for 35% of the global consumption, followed by polyurethanes (PU) (17%). Acrylonitrile butadiene styrene (ABS) and polyvinyl chloride (PVC) are the other major plastics in great demand in automobile manufacturing.
29-Dec-15 
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