The #automotive #carbonthermoplastic market is projected to grow USD 522 million in 2023 and is projected to reach USD 983 million by 2028, at a CAGR of 13.5% from 2023 to 2028. During the forecasted years, reduced maintenance costs of CFRTP and the long lifecycle, growing economies of emerging countries, and rapid urbanization are expected to drive the automotive carbon thermoplastic market. Some of the market opportunities include emissions regulations that are forcing OEM’s attention towards carbon fiber #composites and growth in the high-volume production of structural automotive components. https://www.marketsandmark