Advanced materials market size in the automotive industry India 2021-2028
In 2021, the market size of advanced materials in the automotive industry in India stood at around 1.8 billion U.S. dollars. It was estimated during the presented period, the compound annual growth rate would be around 10 to 12 percent. Advanced materials include composites, ceramics, advanced aluminumalloys, and performance alloys, which are lightweight substitutes of steel, and aluminium.