Automotive Plastics Market 2023 Share, Trend, Segmentation and Forecast to 2028
On the other hand, high cost of capital and infrastructure for re-engineering of plastics and inclination towards advanced materials to adhere to carbon emission targets among OEMs are expected to obstruct the market growth. The negative impact of COVID-19 slowing down sales of passenger cars is projected to challenge the automotive plastics market in the forecast period of 2021-2028.
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