Polymer Matrix Composites - Automotive Composite Market Statistics
The global polymer matrix composites automotive composite market size was valued at US$ 14,363.5 million in 2019 and is estimated to grow at a compound annual growth rate (CAGR) of 3.3% from 2019 to 2027.
Related Statistics
Polymer matrix composites - Automotive composite market highlights
- The global polymer matrix composites segment generated a revenue of USD 14,363.5 million in 2019 and is expected to reach USD 18,654.6 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 5.2% by 2027.
- In terms of region, Asia Pacific was the largest revenue generating market in 2019.
- Country-wise, India is expected to register the highest CAGR from 2020 to 2027.
Market summary
| Market revenue in 2019 | USD 14,363.5 million |
| Market revenue in 2027 | USD 18,654.6 million |
| Growth rate | 5.2% (CAGR from 2020 to 2027) |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
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Automotive Composite Market Scope
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