Automotive Composites Market to Reach USD 15.75 Billion by 2030, Growing at a CAGR of 12.45%
A) Market Size: The automotive composites market, valued at USD 6.57 billion in 2023, is expected to reach USD 15.75 billion by 2030. This growth represents a robust CAGR of 12.45% during the forecast period. The increase in demand for lightweight, durable, and fuel-efficient vehicles is driving market expansion, as manufacturers shift toward advanced composite materials for vehicle production.
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