The Future of Automotive Plastics: Smart Materials and Advanced Composites

The automotive plastics market for passenger cars was valued at USD 21.15 billion in 2021 and is likely to grow at a CAGR of 7.84% during 2022-2028 to reach USD 35.99 billion in 2028.

Automotive plastics are a group of materials used in the automobile industry that possess abrasion resistance, rigidity, mechanical strength, heat resistance, etc. Passenger cars are widely used because of their strength-to-weight ratio. They also provide adequate strength at very low weight, which ultimately helps to gain better fuel efficiency.