Automotive Composites - Global Strategic Business Report

The global market for Automotive Composites was valued at an estimated US$26.6 Billion in 2023 and is projected to reach US$58.5 Billion by 2030, growing at a CAGR of 11.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the automotive composites market is driven by several factors, reflecting the industry`s evolving needs and technological advancements. One significant driver is the increasing demand for lightweight materials to improve fuel efficiency and reduce carbon emissions, particularly in light of stringent environmental regulations and the push for sustainable mobility solutions. The rise of electric vehicles (EVs) also contributes to market growth, as composites are essential for reducing the weight of battery packs and improving the overall range and performance of EVs.

Additionally, the automotive industry`s focus on safety and crashworthiness fuels the demand for high-strength composite materials that enhance vehicle structural integrity. Technological innovations in composite manufacturing, which reduce production costs and time, further propel market expansion by making these materials more accessible and cost-effective for mass production. The continuous advancements in composite materials, coupled with growing investments in research and development, ensure the dynamic growth and evolution of the automotive composites market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Glass Fiber segment, which is expected to reach US$38.2 Billion by 2030 with a CAGR of a 11.9%. The Carbon Fiber segment is also set to grow at 13.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $5.4 Billion in 2023, and China, forecasted to grow at an impressive 15.9% CAGR to reach $17.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Automotive Composites Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Composites Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Automotive Composites Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as BASF SE, Gurit Services AG, Hexcel Corporation, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 92 Featured):

• BASF SE
• Gurit Services AG
• Hexcel Corporation
• Huntsman Corporation
• Mitsubishi Chemical Holding Corporation
• Owens Cornings
• SGL Carbon SE
• Sigmatex (UK) Limited
• Syensqo
• Teijin Limited
• Toray Advanced Composites
• UFP Technologies, Inc.