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Automotive Composites Market to Reach $28.30 Billion by 2031, Growing at a 12.0% CAGR (2024-2031)
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Automotive composites are known for their durability, resistance to corrosion, and ability to withstand harsh environmental conditions. As vehicles become more technologically advanced, the need for materials that offer high performance while being lightweight, corrosion-resistant, and cost-effective continues to grow.
Growing Adoption of Lightweight Composites for Fuel Efficiency: As automakers focus on improving fuel efficiency, lightweight composites, such as carbon fiber and fiberglass, represent a key market opportunity. These materials are being integrated into vehicle body parts, chassis, and interior components to reduce weight, improve performance, and meet regulatory emissions targets.
key company profiles
Toray Industries Inc.
SGL Carbon
TEIJIN LIMITED
Mitsubishi Chemical Corporation.
Hexcel Corporation
John Manville Corporation
Owens Corning
Zoltek Carbon Fiber
Cytec Solvay Group
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Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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