The European automotive composites market is showing substantial growth!

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Research conducted by Graphical Research showed that the European automotive composites market share was USD 1,475.4 million in 2019 and will grow at a CAGR of 6.6% up to 2026. 


The European automotive composites market is expected to gain substantial growth owing to the presence of major car manufacturers. Europe is home to numerous car manufacturing companies with production facilities. 






The COVID-19 pandemic has drastically impacted automobile production due to a significant decline in sales of cars and other light commercial vehicles. The low demand has critically affected the region owing to stringent country-wide lockdowns to control the spread of coronavirus. However, this situation is expected to gain normalcy through continuous government measures and the automotive composites industry is expected to rebound after the upliftment of lockdown and transportation restrictions. 

This is the type of news we LOVE to see! We will do our best to help to make this growth possible! 

Reference:
Graphical Research's Europe Automotive Composites Market Share & Forecast, 2020 – 2026


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