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According to a new market report published by Lucintel, the future of the global automotive plastics market looks promising with opportunities in the passenger cars, light commercial vehicles, and heavy commercial vehicles. The global automotive plastics market is expected to reach an estimated $25.2 billion by 2023 and it is forecast to grow at a CAGR of 2.6% from 2018 to 2023. The major drivers of growth for this market are increasing demand for lightweight materials for OEMs to reduce vehicle weight in response to stringent government regulations on fuel economy. Other major driver includes growth of the global vehicle production which is expected to grow at a CAGR of 2.5% during the forecast period and to reach 113 million units by 2023.

According to a new market report published by Lucintel, the future of the global aerospace electrical de-icing system market looks promising with opportunities in civil aircraft, helicopter, and military aircraft. The global aerospace electrical de-icing system market is expected to grow with a CAGR of 3.2% from 2018 to 2023. The major growth drivers for this market are aviation regulations and certification standards regarding aircraft safety, and the increasing penetration of composites in aircraft wings and empennage section.

According to a new market report published by Lucintel, the future of the active optical cable market looks attractive with opportunities in the data center, high performance computing, consumer electronics, telecommunication, and other applications. The global active optical cable market is expected to reach an estimated $2.9 billion by 2023 with a CAGR of 22.0% from 2018 to 2023. The major growth drivers for this market are increasing internet traffic throughout the world, growth in high performance computing, and increasing penetration of active optical cables in consumer electronic devices.

According to a new market report published by Lucintel, the future of the global carbon black market looks attractive with opportunities in the transportation, industrial, and building & construction, and packaging sectors. The global carbon black market is expected to reach an estimated $20.2 billion by 2023 with a CAGR of 6.0% from 2018 to 2023. The major growth drivers for this market are increasing tire production, and rising demand for specialty carbon black in plastic, ink, and coating applications.

According to a new market report published by Lucintel, the future of the LED driver market looks attractive with opportunities in the residential, commercial, industrial, and automotive lighting sectors. The global LED driver market is expected to reach an estimated $16.1 billion by 2023 with a CAGR of 15.5% from 2018 to 2023. The major growth drivers for this market are increasing building and construction activities, favorable government regulations for energy efficiency, and increasing adoption of LED lighting in emerging countries.

According to a new market report published by Lucintel, the future of the global composites market looks attractive with opportunities in the transportation, construction, wind energy, pipe & tank, marine, consumer goods, electrical and electronics, aerospace, and others. The global composite materials market is expected to reach an estimated $38.0 billion by 2023 and it is forecast to grow at a CAGR of 4.1% from 2018 to 2023. The global composites end product market is expected to reach an estimated $107.4 billion by 2023. The major drivers for growth in this market are increasing demand for lightweight materials in the aerospace & defense and automotive industry; corrosion and chemical resistance materials demand in construction and pipe & tank industry; electrical resistivity and high flame retardant materials demand in electrical and electronics industry.

According to a new market report published by Lucintel, the future of the bio-composites market looks promising with opportunities in building and construction, automotive, industrial & consumer goods industries. The global bio-composites market is expected to reach an estimated $7.6 billion by 2023 and is forecast to grow at a CAGR of 7.9% from 2018 to 2023. Some of the products made with bio-composites are decking, railing fencing, cladding, door panels, and dashboard. The market for end Products made with bio-composites is expected to reach an estimated $12.2 billion by 2023. The major growth drivers for this market are increasing demand for Wood Plastic Composites (WPC) in the construction industry due to its wood finish like appearance and durability, and growing use of Natural Fiber Composites (NFC) in automotive interiors due to its aesthetics and growing concern for passenger safety.

According to a new market report published by Lucintel, the future of the global aerospace composite materials market looks attractive with opportunities in commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and others. The global aerospace composite materials market is expected to reach an estimated $3.9 billion by 2022 and is forecast to grow at a CAGR of 5.3% from 2017 to 2022. The global aerospace composites end product market is expected to reach an estimated $17.6 billion by 2022. The major growth drivers for this market are increasing demand of lightweight materials to increase the fuel efficiency, growth of aircraft with high composite penetration such B787, A350WXB, and A380, and increasing use of composite in aftermarket.

According to a new market report published by Lucintel, the future of the global aerospace interior market looks positive with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, and military aircraft segments. The global aerospace interior market is expected to reach an estimated $26 billion by 2022 with a CAGR of 4.5% from 2017 to 2022. The major drivers for this market include increased aircraft deliveries and retrofit of aircraft interiors.

According to a new market report published by Lucintel, the future of the global aircraft carbon braking system market looks promising with opportunities in commercial aircraft, business jets, regional aircraft, and military aircraft. The global aircraft carbon braking system market is expected to reach an estimated $1.78 billion by 2023 and with a CAGR of 4.5% from 2018 to 2023. The major growth drivers for this market are increasing aircraft deliveries and increasing installation of carbon braking systems in aircraft.