Global Automotive Composite Market
Automotive Composite Market Size And Forecast
According to Verified Market Research, the Global Automotive Composite Market was valued at USD 8.05 Billion in 2018 and is projected to reach USD 19.42 Billion by 2026, growing at a CAGR of 11.6% from 2019 to 2026.
Global Automotive Composite Market Outlook
The Automotive Composite Market is witnessing significant growth owing to the increasing demand for the lightly weighted and fuel-efficient vehicles. Some other factors that are contributing to drive the market growth are adaption of the zero-emission electric vehicle in response to the degrading environmental conditions, and the imposition of the stringent government regulations. Moreover, the increasing utilization of composites in the automotive application is propelling the growth of the market. However, the huge cost of production of composites, and issues related to the recyclability is expected to hinder the market growth.
Global Automotive Composite Market Competitive Landscape
The Global Automotive Composite Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as UFP Technologies, Inc., Plasan Carbon Composites, Mitsubishi Chemical Corporation, SGL Group, Toray Industries, Inc., Solvay S.A., Toho Tenax Co., Ltd., Koninklijke Ten Cate B.V., Continental Structural Plastics Inc., and Gurit.
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