Composite adoption poised for strong growth in automotive body-in-white
S&P Global Mobility forecasts a remarkable 19% compound annual growth rate (CAGR) in composite use for automotive body-in-white (BIW), reaching 631 thousand metric tons in 2034.
The automotive industry is currently undergoing a profound transformation driven by evolving consumer preferences and mounting concerns about climate change. Key challenges include reducing vehicle weight, improving crash performance and lowering construction costs.
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