Composite Materials Market
are accepted by many automotive industries for safety standards and are anticipated to show significant growth in the market in future . Natural fiber-reinforced plastic composite is majorly preferred for automotive interiors due to varied applications such as gear knobs , flooring , seat trims , and others . However , carbon fiber-reinforced plastic ( CFRP ) is prominently used in the sports and luxury vehicles for automotive interiors and dashboards . It possesses high appearance and strength-to-weight ratio ; this is anticipated to fuel market growth in future .
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Global Composite Materials Market for Automotive : Segmentation
The global composite materials market for automotive is bifurcated based on application as , powertrain , exterior , structural , interior and others . The composite materials market for automotive is further segmented on the basis of composite materials as glass fiber reinforced plastic ( GFRP ), ceramic matrix composite ( CMC ), polymer matrix composite ( PMC ), metal matrix composite ( MMC ), carbon fiber reinforced plastic ( CFRP ), and natural fiber reinforced plastic ( NFRP ). Of these , natural fiber reinforced plastic ( NFRP ) is the dominating composite materials segment in the global composite materials market for automotive .
Global Composite Materials Market for Automotive : Regional Analysis
North America is the leading player in the global composite materials market for automotive . This region is anticipated to grow at a faster rate due to increasing automotive production . The automotive industry is growing mainly for light vehicles in this region which is positively impacting the global composite materials market for automotive growth . Growing production