REPORT

In North America a 'big' market for composites

The market, according a report published by Lucintel, is expected to reach $3.5 billion by 2021

 According to a new market report published by Lucintel, the North American automotive composites market is expected to reach an estimated $3.5 billion by 2021 and it is forecast to grow at a CAGR of 6.0% from 2016 to 2021.

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing penetration of thermoplastic and carbon composites. Strategic alliances between OEMs, carbon fiber and resin suppliers in the automotive industry are also important trends.

Continental Structural Plastics, IDI composites, DuPont, and Interplastic Corporation are among the major suppliers of composites in the North American automotive market.

www.lucintel.com

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