Automotive Plastics Market Value Anticipated To Reach US$

LOS ANGELES, June 14, 2021 (GLOBE NEWSWIRE) — The Global Automotive Plastics Market is expected to grow at a CAGR of around 5.4% from 2020 to 2027 and reach the market value of over US$ 53.9 Bn by 2027.

Asia Pacific dominates the global automotive plastics market

Asia Pacific dominated the automotive plastics market, accounting for a sizable market share. Shifting production bases from developed regions to Asia Pacific emerging economies, particularly China, India, Thailand, Vietnam, and Indonesia, is expected to drive market growth.

This is one of the most important factors driving the growth of the global automotive plastics market. Thailand is a major Asian automobile exporting country. Japanese FDI is the primary driver of the sector. The Chinese automobile sector is rapidly expanding and poised to make a significant impact in the international trade arena in the near…