the gcc automotive plastics market outlook for 2018 to 2032 is prominently driven by the rising demand for light-weight vehicles. rapid industrialization, technological advancements in plastics, malleable material properties and their low cost are some of the chief factors driving the growth of automotive plastics market. the automotive plastics market registered a healthy growth in single digit of cagr during the period 2018-2032 in the gcc region. this is being driven primarily by the rapid adoption of lightweight materials such as plastics by automobile manufacturers. the automotive plastics have started gaining a foothold in the automotive industry mainly due to the cost benefits they offer. although metals are more sturdy and durable, the high costs associated with them can be a major setback for automotive parts manufacturers. the automotive plastics offer an inexpensive yet highly efficient alternative to metal materials used in vehicle production. this encourages automotive manufacturers to switch to automotive plastics as they are cost-efficient, reliable, and easy to use. furthermore, the demand for automotive plastics is also boosted by the rising demand for consumer electronics and telematics applications in cars such as audio systems, navigation systems, and driver assistance systems. automotive plastics can be used to develop these innovative gadgets and offer superior performance. apart from the above factors, the increasing trend towards energy-efficient vehicles and fuel economy, the evs industry, and the introduction of stringent emission norms across gcc have opened up numerous opportunities for automotive plastic players. automotive plastics allow vehicles to become more fuel-efficient and ensure minimum emission levels. the gcc automotive plastics market is thus poised for healthy growth over the forecast period. this offers high potential for vehicle manufacturers, raw material suppliers, mould makers, and component manufacturers. moreover, with the growing focus towards light-weight, high-performance and cost-efficient vehicles, automotive plastics will surely have a bright future ahead.
