Automotive Composite Materials Market Analysis by Size, Share, Growth, Trends, Opportunities and Forecast (2022-2028)
Global Automotive Composite Materials Market was valued US$ 4,681.6 million in 2018 and is expected to reach a market size of US$ 9,037.4 million by 2025, growing at a CAGR of 9.97% during the forecast period 2019-2025.
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Today, composite materials have big advantages over steel in automobile manufacturing. Composites are being considered to make lighter, safer, and more fuel-efficient vehicles. Carbon-fibre composites weigh about one-fifth as much as steel but are as good or better in terms of stiffness and strength.
Based on the materials, the global automotive composites market has been categorized into Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Of these, polymer matrix composites dominated the market and is expected to hold the larger market share by the year 2025. Polymer Matrix Composite (PMC) led the global automotive composite materials market in 2018 and is expected to reach a market size of US$ 4.23 billion by 2020.
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Global Automotive Composite Materials Market was valued US$ 4,681.6 million in 2018 and is expected to reach a market size of US$ 9,037.4 million by 2025, growing at a CAGR of 9.97% during the forecast period 2019-2025.
Download Free Sample of this Report- https://univdatos.com/reports/global-market-insights-on-automotive-composite-materials-insights-and-forecast-2019-2025?popup=report-enquiry
Today, composite materials have big advantages over steel in automobile manufacturing. Composites are being considered to make lighter, safer, and more fuel-efficient vehicles. Carbon-fibre composites weigh about one-fifth as much as steel but are as good or better in terms of stiffness and strength.
Based on the materials, the global automotive composites market has been categorized into Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Of these, polymer matrix composites dominated the market and is expected to hold the larger market share by the year 2025. Polymer Matrix Composite (PMC) led the global automotive composite materials market in 2018 and is expected to reach a market size of US$ 4.23 billion by 2020.
Download Free Sample of this Report- https://univdatos.com/reports/global-market-insights-on-automotive-composite-materials-insights-and-forecast-2019-2025?popup=report-enquiry
Contact Us:
UnivDatos Market Insights
Contact Number - +19787330253
Email - contact@univdatos.com
Website - www.univdatos.com
Linkedin- https://www.linkedin.com/company/univ-datos-market-insight/mycompany/
Automotive Composite Materials Market Analysis by Size, Share, Growth, Trends, Opportunities and Forecast (2022-2028)
Global Automotive Composite Materials Market was valued US$ 4,681.6 million in 2018 and is expected to reach a market size of US$ 9,037.4 million by 2025, growing at a CAGR of 9.97% during the forecast period 2019-2025.
Download Free Sample of this Report- https://univdatos.com/reports/global-market-insights-on-automotive-composite-materials-insights-and-forecast-2019-2025?popup=report-enquiry
Today, composite materials have big advantages over steel in automobile manufacturing. Composites are being considered to make lighter, safer, and more fuel-efficient vehicles. Carbon-fibre composites weigh about one-fifth as much as steel but are as good or better in terms of stiffness and strength.
Based on the materials, the global automotive composites market has been categorized into Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Of these, polymer matrix composites dominated the market and is expected to hold the larger market share by the year 2025. Polymer Matrix Composite (PMC) led the global automotive composite materials market in 2018 and is expected to reach a market size of US$ 4.23 billion by 2020.
Download Free Sample of this Report- https://univdatos.com/reports/global-market-insights-on-automotive-composite-materials-insights-and-forecast-2019-2025?popup=report-enquiry
Contact Us:
UnivDatos Market Insights
Contact Number - +19787330253
Email - contact@univdatos.com
Website - www.univdatos.com
Linkedin- https://www.linkedin.com/company/univ-datos-market-insight/mycompany/
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