FMI pointed out that the steady growth of the automotive plastics market mainly comes from the following factors:

●The surge in demand for commercial vehicles and passenger cars has stimulated sales of automotive plastics. Take China as an example. According to data from the China Association of Automobile Manufacturers, in April 2021, China exported nearly 34,000 commercial vehicles and 117,000 passenger vehicles.

●More and more government regulations restrict car carbon emissions, which require cars to reduce weight, and automotive plastics are considered to be used in the manufacture of bumpers and gears due to their light weight, wear resistance, scratch resistance and high impact toughness. Preferred choice for mudboards, doors and other auto parts.

●Consumers are increasingly inclined to passenger cars with exquisite interiors. The plastics used in vehicles are plastic and can be combined with various surface processing techniques such as CMF and IMD to meet high-quality interior requirements. It is expected that polypropylene materials and ABS will grow at a steady rate.

Source：全球车用塑料市场规模预计保持9%增速，增长动力来自三大因素--雅式橡塑网 (adsalecprj.com)