Automotive Composites Market Size To Reach $6.97 Billion By 2025: Grand View Research, Inc.8/6/2018 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. Full Research Report On Global Automotive Composites Market By Grand View Research: www.grandviewresearch.com/industry-analysis/automotive-composites-market Further key findings from the study suggest:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials Grand View Research has segmented the global automotive composites market on the basis of product, application, and region: Automotive Composites Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
www.grandviewresearch.com/industry-analysis/automotive-composites-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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