Automotive Composite Market Size Is Anticipated To Reach USD 6.97 Billion By 2025 : Grand View Research Inc.
San Francisco, 1 April 2019: The Report Automotive Composite Market Analysis By Product (Polymer, Metal, Ceramic) By Application (Interior, Exterior, Structural & Powertrain Components), By Region, And Segment Forecasts, 2018 – 2025 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