Automotive Composites Market - Global Industry Analysis and Forecast 2014 - 2020
Composites contain high-performance fibers such as carbon or glass, and a matrix material. When used in vehicles, composite materials make them lighter, safer, and fuel efficient. Increasing demand for fuel efficient cars has been propelling the automotive composites market. Volatile crude oil prices and rising petroleum based fuel prices are boosting the growth of fuel efficient vehicles. Composites weigh about one-fifth of steel, however they are better than steel in terms of strength. Unlike steel and aluminum, composites do not...
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