Automotive Composites Market Size to Reach USD 12.32 Billion in 2028, according to Emergen Research
VANCOUVER, B.C., Oct. 28, 2021 /PRNewswire/ -- The global automotive composites market size reached USD 5.33 Billion in 2020 and is expected to register a significantly steady revenue CAGR during the forecast period, according to latest analysis by Emergen Research.
- VANCOUVER, B.C., Oct. 28, 2021 /PRNewswire/ -- The global automotive composites market size reached USD 5.33 Billion in 2020 and is expected to register a significantly steady revenue CAGR during the forecast period, according to latest analysis by Emergen Research.
- Increasingly stringent pollution control standards, particularly in developed countries,along with rising demand for lightweight materials from the automotive industryare key factors expected to boost global automotive composites market revenue growth.
- Global automotive composites market revenue is expected to expand at a CAGR of 11.2% over the forecast period and increase from USD 5.33 Billion in 2020 to USD 12.32 Billion in 2028.
- Emergen Research has segmented global automotive composites on the basis of fiber type, product, resin type, manufacturing process, application, and region:
Fiber Type Outlook (Volume Tons, Revenue, USD Billion; 20182028)