Automotive Plastic Additives Market - Predicted Growth, Trends, Opportunity & Analysis
The global automotive plastic additives market is projected to grow at a formidable rate during the forecast period, 2023-2027. Automotive plastic additives are used to enhance the properties of plastic such as increased chemical, water, and scratch resistance, reduced coefficient of friction, improved gloss, enhanced water repellency, etc. The Important Elements of the Automotive Plastic Additives Market The market growth can be attributed to the increasing demand for lightweight vehicles and the rising trend of electric vehicles across the globe. In addition, rising concerns about environmental protection and rising government support for the development of electric vehicles across the globe are some of the factors expected to propel the market growth. The rise in the popularity of low-cost automobile interiors is also adding to the growth of the global automotive plastic additives market. Additionally, enhanced focus on reducing plastic wastage and improving the ...