Automotive Composites Market Market size, Industry outlook, Market Forecast, Demand Analysis, Market Share, Market Report 2022-2027 Contact: Venkat Reddy sales@industryarc.com (+1) 970-236-3677
• The automotive composites marketsize is forecast to reach US$9.6 Billion by 2026, after growing at a CAGR of 12.4% during 20212026. Composites provide weight and structural advantages, thus have been used extensively in a range of internal and external automotive components. • To reduce carbon emission and vehicular weight, various original equipment manufacturers (OEMs) are increasingly using automotive composites. Increasing usage of polymer matrix provides numerous benefits to the automotive sector, including fewer painting procedures, less material scrap, safer working conditions, zero-solvent emissions, and improved recyclability, thus, driving the market growth. Download PDF Brochure Contact: (+1) 970-2363677 Inquiry Before BuyingEmail: sales@industryarc.com
Key Takeaways
•Europe dominates the automotive composites market owing to the rising growth and increasing investments in the automotive industry. For instance, according to European Commission, the European Union is amongst the world's biggest producers of motor vehicles, with approximately investing Euro 57.4 billion annually.
•Increasing demand for lightweight vehicles for lower fuel consumption with an increase in production of automotive composites for its manufacture is estimated to drive the growth of the automotive composites market. 97
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Automotive Composites Market Segment Analysis – By Fiber Type
Glass fiber held the largest share in the automotive composites market. Held in position by plastic polymer resin rigidly, many tiny glass fibers compiled together form the glass fiber reinforced composites (GFRP).
Glass fibers are cheaper than carbon and aramid fibers. When high flexibility is required in an application, glass fiber is best suited, possessing a high breaking point than carbon fiber. Composites use glass fiber as a reinforcing element due to its superior flexibility, strength, stability, durability, lightweight, and resistance to heat, moisture, and temperature.Contact: (+1) 970-2363677 Before BuyingEmail: sales@industryarc.com
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Automotive Composites Market Industry Outlook • Toho Tenax Co., Ltd. • SGL Group, Toray Industries, Inc. • Solvay S.A. • Owens Corning • Gurit • Cytec Solvay Group • Huntsman Corporation • Ashland Global Holdings Inc. • AOC • BASF SE Download PDF Brochure Contact: (+1) 970-2363677 Inquiry Before BuyingEmail: sales@industryarc.com
Automotive Composites Market - Forecast 2021 - 2026 Learn More About the Report @ https://www.industryarc.com/Research/Aut omotive-Composites-Market-Research-50 0349 Contact: (+1) 970-2363677 Inquiry Before BuyingEmail: sales@industryarc.com Download PDF Brochure
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