Automotive Composite Market Size, Analysis, Competitive
Landscape, And Segment Forecasts, 2014-2025
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The global Automotive Composite Market is anticipated to reach USD 6.97 billion by 2025, according to a new
report by Grand View Research, Inc. The growing demand for light-weight vehicles that enable fuel saving and
adhere to emission norms is projected to influence the market growth positively.
The polymer matrix composites segment dominated the market in 2016. These composites are extensively
used in the manufacture of structural and exterior components which help improve the crashworthiness of
vehicles. PMC also offers excellent corrosion resistance, formability, and reduces mechanical vibrations.
Asia Pacific & Europe are projected to experience significant demand for composites in the automotive
industry. Joint ventures and long term contracts would be the key to success and durability for market
participants. The rising automotive production in countries such as China, the U.S., Japan, Germany, India, and
South Korea is projected to augment demand over the coming years.
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https://www.hexareports.com/report/automotive-composites-market
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