Automotive plastics global market value 2027 | Statista

Automotive plastics are increasingly used in order to make vehicles more lightweight. The global market value of plastics used in automotive applications was nearly 36 billion U.S. dollars in 2019. Due to expected growth as a result of increased vehicle lightweighting, it is forecast that the market value of automotive plastics will increase to nearly 84 billion U.S. dollars in 2027.

Market value of automotive plastics worldwide in 2019 and 2027 (in billion U.S. dollars)

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Release date

February 2020

More information

Region

Worldwide

Survey time period

2019

Supplementary notes

* Forecast based on a CAGR of 11.1 percent.

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