MarketSegmentation
By Product Type:
Glass Fiber Reinforced PBT
By Application:
Automotive Body Panels
Automotive Structural Parts
Others
Market Value
Market Size 2023: USD 733 million
Projected Market Size 2032: USD
1,370.43 million
Compound Annual Growth Rate (CAGR): 7.20% during the forecast period
Market Opportunities
Growing Demand for Lightwe
fuel efficiency and emission r
adoption of lightweight mater
Technological Advancements: engineering enhance properti dimensional stability.24 Chem
Sustainable Mobility Trends: vehicles increases the use of r
Key Players/Stakeholders
Regional Analysis
North America: Market size of USD 215.30 million in 2023;
CAGR of 6.17% during the forecast period.24 Chemical Research
Europe: Significant growth driven by automotive industry advancements.
Asia-Pacific: Rapid expansion due to increasing automotive production and demand.
Rest of the World: Emerging markets contributing to overall market growth.
About Us
•Established in 2015, 24Chemical Research specializes in providing comprehensive chemical industry research and analysis to support businesses in making well-informed decisions in this ever-evolving sector. Since our inception, we have been dedicated to delivering in-depth market research, identifying key trends, opportunities, and challenges shaping the global chemical industry.
