Automotive Composites Market Size to Surpass US$ 14.01 Bn by 2029 | CAGR 12.45% Forecast | Key Players: Mitsubishi Chemical Holding Corporation, Solvay SA, Gurit
Automotive Composites Market to Reach 14 B i ll i o nb y 2029 , Dr i v e nb y G ro w in g De man df or L i g h tw e i g h t V e hi c l es The global automotive composites market is expected to reach US 14. 01 billion by 2029, growing at a CAGR of 12. 45% during the forecast period, according to a new report by Maximize Market Research. This growth is attributed to several factors, including: Stringent fuel efficiency regulations: Car manufacturers are increasingly using lightweight composites to meet stricter emission standards. Rising demand for electric vehicles (EVs): EVs require lightweight materials to maximize battery range, driving demand for composites. Focus on performance and aesthetics: Composites offer a unique combination of strength, design flexibility, and weight savings, enhancing vehicle performance and appearance. Request for free sample: https://www.maximizemarketresearch.com/request-sample/12768 Market Overview Automotive composites are mate