Global Automotive Composites Market is Expected to Reach a Value of USD 24.58 Billion by 2027

Automotive Composites Market is expected to grow at a CAGR of 12.40% for the forecast period of 2020 to 2027 and is expected to reach USD 24.58 billion by 2027 with the factors such as the high production cost along with unavailability of advanced technological product in emerging economies are acting as major restraints to the growth of the market.

Moreover, the stringent government regulations regarding the usage of lightweight materials will boost various new opportunities which will push the growth of the automotive composites market in the above mentioned forecast period.

Automotive Composites Market Scenario

According to Data Bridge Market Research the automotive composites market is developing due to various factors such as, increasing demand of compact, light and shock resistant cars along with increasing preferences towards fuel efficient vehicles.  Increasing number of applications of natural fiber composites and increasing demand of environmental friendly electric vehicle are also anticipated to enhance the growth of the automotive composites market in the forecast period of 2020 to 2027.

Now the question is which are the regions that automotive composites market players should target? Data Bridge Market Research has forecasted large growth in North America due to the occurrence of various manufacturers along with rising number of research and development activities in the region.

For more analysis on the automotive composites market, request for a briefing with our analysts

Automotive Composites Market Scope

Automotive composites market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.

  • All country based analysis of the automotive composites market is further analyzed based on maximum granularity into further segmentation. On the basis of fiber type, automotive composites market is segmented into carbon fiber automotive composites, glass fiber automotive composites, and other fibers automotive composites. Based on resin type, automotive composites market is segmented into thermoset automotive composites, and thermoplastic automotive composites. On the basis of manufacturing process, automotive composites market is segmented into compression molded automotive composites, injection molded automotive composites, resin transfer molded automotive composites, and other processes. Based on vehicle type, automotive composites market is segmented into non-electric vehicles, and electric vehicles. Automotive composites market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for automotive composites market includes exterior, interior, powertrain, and chassis.

To know more about the study

Key Pointers Covered in the Automotive Composites Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • SGL Carbon
  • Solvay
  • UFP Technologies, Inc
  • Koninklijke Ten Cate bv
  • Gurit
  • Mitsubishi Chemical Corporation
  • Plasan Carbon Composites
  • Continental Structural Plastics Inc
  • Owens Corning
  • 3B - the fibreglass company
  • Hexcel Corporation
  • Muhr und Bender KG
  • TPI Composites
  • Hanwha Azdel
  • Magna International Inc
  • mahindra CIE services limited
  • AAT Composites (Pty) Ltd
  • Creative Composites
  • Nippon Sheet Glass Co., Ltd
  • Formaplex

Above are the key players covered in the report, to know about more and exhaustive list of automotive composites companies, contact us

Research Methodology of Global Automotive Composites Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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