Renewable Materials In Automotive Market
Renewable Materials In Automotive Market Size and Growth
The Renewable Materials in Automotive market is experiencing significant growth, driven by increasing sustainability initiatives and regulatory pressures. The market size is projected to reach USD 25 billion by 2026, reflecting a compound annual growth rate of over 15%. Key trends include bio-based composites and improved production technologies enhancing material performance.
Companies Covered
(Covid 19 Impact Covered)
◍ Covestro Inc.
◍ Johnson Controls
◍ Braskem Ltd.
◍ FlexForm Technologies
◍ UFP Technologies
◍ AkzoNobel
◍ Evonik Industries
◍ BASF
◍ Alumasc Group
◍ DuPont de Nemours, Inc.
The renewable materials market in automotive features companies like Covestro Inc. and BASF, focusing on sustainable plastics and composites. Johnson Controls and DuPont promote bio-based components for interiors. Braskem leads in bioplastics, while Evonik and AkzoNobel innovate in coatings. These efforts drive market growth through enhanced sustainability and innovation.
Sales Revenues:
- Covestro Inc.: ~$16 billion
- BASF: ~$85 billion
- DuPont: ~$21 billion
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Market Segmentation
By Application
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
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By Product
Powertrain
Tyres
Battery
Interior
Others
Market Growth
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$ X Billion USD
