The global automotive plastics market is expected to reach USD 53.49 billion by 2022, according to a new report by Grand View Research. Increasing demand in power train and interior & exterior furnishing applications is expected to be a major driving factor for the global industry growth over the forecast period. Plastics are increasingly being adopted as metal & alloy substitutes in automotive parts, in order to reduce overall vehicular weight, increase component performance and chemical corrosion resistance. Regulations such as CAFE in the U.S. and EC legislations in Europe aim at improving fuel efficiency and are expected to positively impact automotive plastics industry growth.
http://www.grandviewresearch.com/industry-analysis/automotive-plastics-market
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