Global Automotive Composites Market Detailed Analysis of Current Industry Trends, Growth Forecast To 2029
Global Automotive Composites Market is expected to reach US$ 14.01 Bn by 2029, at a CAGR of 12.45% during the forecast period.
Automotive Composites Market Overview:
A research team conducted extensive primary and secondary research for the Automotive Composites market study of the global market. In order to augment already-existing data, segment the market, calculate the overall market size, and project market size and growth rate, secondary research was conducted.
Market revenue is determined by primary and secondary research, and market leaders are recognised through these two methods. In-depth interviews with influential thought leaders and business leaders, including CEOs and marketing executives, were conducted as part of the main study.
As part of the primary research, extensive interviews with key opinion leaders and business leaders, including CEOs and marketing executives, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. Global market percentage splits, market shares, growth rates, and breakdowns are produced from secondary sources and validated against primary data.
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Market Scope:
The report contributes to a better knowledge of the global Automotive Composites market's dynamic structure by identifying and assessing market segments and estimating market size. The report also contains a comparison of key firms' pricing, financial standing, application growth objectives, and regional presence. To assist shareholders in prioritising their efforts and investments in the global Automotive Composites market, the study also contains a PESTLE analysis.
Decision-makers now have a clear picture of the future of the market thanks to the investigation of external and internal factors that are expected to either benefit or harm enterprises. Through the analysis of market segmentation and projections of market size, the study also contributes to an understanding of the dynamic structure of the global Automotive Composites market. The study is a resource for investors by giving a thorough representation of the competitive analysis of significant organizations in the Global Automotive Composites Market based on price, financial position, growth strategies, and geographic presence.
Automotive Composites Market Segment:
Fiber, resin, production method, application, and geography are the market segments. The automotive composites industry is divided into three categories based on fibre: glass, carbon, and natural. Due to its lower cost than carbon fibre, glass fibre is predicted to hold the largest market share during the projection period. Low manufacturing costs and a promising future for applications in the structural, external, and powertrain sectors will boost industry demand. The automotive composites industry is divided into thermoset and thermoplastic segments based on resin. Compression, injection, and resin transfer moulding are the three market segments for automotive composites based on the manufacturing technique (RTM). The automotive composites industry is divided into three categories based on application: interior, exterior, and structural & powertrain.
Automotive Composites Market Key players:
• ACP
• Cytec Solvay Group
• Hexcel Corporation
• Johns Manville Corporation
• Koninklijke Ten Cate
• Owens Corning Corp.
• Protech
• SGL Group
• Teijin Limited
• Toho Tenax America
• Toray Industries
• Zoltek Carbon Fiber
• Mitsubishi Chemical Holding Corporation (Japan)
• Solvay SA (Belgium)
• Gurit (Switzerland)
• UFP Technologies Ltd. (US
• Huntsman Corporation (US)
• Hexion (US)
• TPI Composites
• GMS Composites
• IDI Composites International
• Revchem Composites
• Formaplex
• Owens Corning
Regional Analysis:
The Automotive Composites Market is examined at the national level with a focus on nations with the largest market shares, categories with the potential for strong growth, and categories. The regional breakdowns in the Automotive Composites Market research include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.
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COVID-19 Impact Analysis on Automotive Composites Market: The report covers COVID-19 impact on Automotive Composites market.
Key Questions Answered in the Automotive Composites Market Report are:
- What will the CAGR of the Automotive Composites market be during the forecast period?
- In the Automotive Composites market, which market segment has become the market leader?
- Which companies dominate the Automotive Composites market?
- In 2029, how big will the Automotive Composites market be?
- Which company held the largest proportion of the Automotive Composites market?
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