Global Automotive Composite Market Outlook:
According to the latest report by IMARC Group, titled “Automotive Composite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global automotive composite market size is expected to exhibit a CAGR of 10.03% during 2022-2027. Automotive composites are made using high-performance fibers like carbon or glass and adhesive binders. They are applied on various automotive parts to offer enhanced properties compared to individual materials. They provide high strength, ease in manufacturing, and excellent energy-absorbing and dimensional stability. As a result, original equipment manufacturers (OEMs) worldwide are replacing steel with automotive composites to improve the safety and fuel efficiency of vehicles.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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Global Automotive Composite Market Trends:
Due to the rising air pollution, environmental agencies and governmental authorities of numerous countries are implementing stringent regulations to minimize carbon dioxide (CO2) emissions from automobiles. Consequently, OEMs are relying on automotive composites to reduce the weight of vehicles and maintain their structural integrity. Moreover, the increasing traction of electric vehicles (EVs), along with the rising focus on redesigning existing vehicles, is driving the growth of the market. Apart from this, the key players are coming up with low-cost manufacturing methods for automotive composites, which is expected to impel market growth.
Global Automotive Composite Market 2022-2027 Analysis and Segmentation
Competitive Landscape With Key Players :
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Gurit Holding AG
- Hexcel Corporation
- Hexion
- Huntsman Corporation
- Johns Manville (Berkshire Hathaway)
- Mitsubishi Chemical Carbon Fiber and Composites Inc. (Mitsubishi Chemical Holdings Corporation)
- Scott Bader Company Ltd
- SGL Carbon
- Solvay
- Teijin Limited
- Toray Industries Inc.
- UFP Technologies Inc.
Key Market Segmentation
Our report has categorized the market based on material type, manufacturing process and application.
Breakup by Material Type:
- Glass Fiber
- Carbon Fiber
- Thermoset
- Thermoplastic
- Others
By Manufacturing Process:
- Compression Molding
- Injection Molding
- Resin Transfer Molding (RTM)
- Others
Breakup by Application:
- Exterior
- Interior
- Powertrain
- Chassis
- Others
Breakup by Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Material Type, Manufacturing Process, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Gurit Holding AG, Hexcel Corporation, Hexion, Huntsman Corporation, Johns Manville (Berkshire Hathaway), Mitsubishi Chemical Carbon Fiber and Composites Inc. (Mitsubishi Chemical Holdings Corporation), Scott Bader Company Ltd, SGL Carbon, Solvay, Teijin Limited, Toray Industries Inc. and UFP Technologies Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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