Automotive Plastics Market Regional Analysis:
Asia Pacific region is poised to dominate around 46.5% market share by 2035, fueled by the rising population, increasing income levels, and high vehicle production and sales in the region. The total production of vehicles in the region was 46 million in 2021, whereas, the total sales in the region was 42 million in 2021 as per statistics released by International Organization of Motor Vehicles (OICA). Also, the presence of leading key players and exporters in the region is another factor that is expected to affect the automotive plastics market positively. China, a country of Asia Pacific is estimated to have exported around 402,000 commercial vehicles and around 2 million passenger vehicles in the year 2021.