Global Automotive Composites Market - Trends, Industry Growth, Size & Forecast
The Automotive Composites market is anticipated to expand significantly through 2028 due to the growing demand for lightweight & electric vehicles (EVs). Around 550,200 electric vehicles were sold throughout Europe in the second quarter of 2022. The Important Elements of the Global Automotive Composites Market Composites have been widely employed in various interior and exterior vehicle components to offer significant structural and weight advantages. Global Automotive composites Market is being used increasingly by original equipment manufacturers (OEMs) and automakers worldwide with the primary goal of lowering vehicle weight and reducing carbon emissions. The market for automotive composites will experience a wave of innovation over the following years, with vehicle powertrains offering a sizable unexplored area for growth. Rising Demand for Electric Vehicles (EVs) Several researchers estimate that the increased expenses per kilogram of weight s...