The market value of composites in the United States amounted to more than 14 billion U.S. dollars in 2019. That was an increase of more than five billion U.S. dollars compared to the 2013 U.S. market value of composites. Composite materials have a high strength to weight ratio, and are in high demand from the automotive industry for lightweighting purposes because of this.
Market value of composites in the United States from 2013 to 2019
(in billion U.S. dollars)
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Market value in billion U.S. dollars
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Grand View Research. (December 30, 2021). Market value of composites in the United States from 2013 to 2019 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/945003/us-composites-market-size/
Grand View Research. "Market value of composites in the United States from 2013 to 2019 (in billion U.S. dollars)." Chart. December 30, 2021. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/945003/us-composites-market-size/
Grand View Research. (2021). Market value of composites in the United States from 2013 to 2019 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/945003/us-composites-market-size/
Grand View Research. "Market Value of Composites in The United States from 2013 to 2019 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Dec 2021, https://www.statista.com/statistics/945003/us-composites-market-size/
Grand View Research, Market value of composites in the United States from 2013 to 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/945003/us-composites-market-size/ (last visited September 01, 2024)
Market value of composites in the United States from 2013 to 2019 (in billion U.S. dollars) [Graph], Grand View Research, December 30, 2021. [Online]. Available: https://www.statista.com/statistics/945003/us-composites-market-size/