Automotive Composites Market Share, Size, Regional Share Analysis & Forecast Till 2028

 The global automotive composites market size reached USD 5.33 Billion in 2020 and is expected to register a revenue CAGR of 11.2%, during the forecast period, according to latest analysis by Emergen Research. Need for Original Equipment Manufacturers (OEMs) to comply with increasingly stringent government regulations as well as rising demand for Electric Vehicles (EVs) are some key factors driving global automotive composites market revenue growth. Increased usage of natural fibers in automotive applications, which are both cost-effective and environmentally beneficial, is expected to support revenue growth of the market going ahead. The cost per kilo of weight saved in vehicle weight reduction techniques would be higher with EVs. In standard drive periods, conventional vehicles use more energy while accelerating, but can also recover kinetic energy during braking and slowing down. A braking energy recovery system is available in SEAT cars, in which the kinetic energy released during slowing, and also when coasting, is turned into electrical energy by means of a specially designed generator, which is similar to a dynamo

Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Automotive Composites industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Automotive Composites industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Automotive Composites industry.

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Competitive Outlook: The leading companies operating in the Automotive Composites market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Automotive Composites Market and Profiled in the Report are:

SGL Carbon SE, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation, Teijin Limited, Hexcel Corporation, UFP Technologies, Inc., Solvay S.A., Hexion Inc., Huntsman Corporation, and Gurit Holding

Objectives of the Report:

Study of the global Automotive Composites market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Automotive Composites market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Automotive Composites market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Automotive Composites market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

 

  • Fiber Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

    • Carbon Fiber Reinforced Plastic (CFRP)
    • Glass Fiber Reinforced Plastic (GFRP)
    • Natural Fiber (NF)

  • Product Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

    • Metal Matrix Composites
    • Polymer Matrix Composites
    • Ceramic Matrix Composites

  • Resin Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

    • Thermoset
    • Thermoplastic

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Thank you for reading our report. For further queries regarding the report or customization options, please connect with us. Our team will ensure you get a report well-suited to your needs.

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