Global Automotive Composite Market Growth 2023-2029

Global Automotive Composite Market Growth 2023-2029

Composites are a class of materials that are made of two or more constituent materials having different properties. The properties of the composites are unique and different from those of the constituent materials. The constituent materials of the composites remain separate and distinct and do not blend or dissolve with each other.

LPI (LP Information)' newest research report, the “Automotive Composite Industry Forecast” looks at past sales and reviews total world Automotive Composite sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Composite sales for 2023 through 2029. With Automotive Composite sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Composite industry.

This Insight Report provides a comprehensive analysis of the global Automotive Composite landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Composite portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Composite market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Composite and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Composite.

The global Automotive Composite market size is projected to grow from US$ 7592.5 million in 2022 to US$ 12360 million in 2029; it is expected to grow at a CAGR of 12360 from 2023 to 2029.

Asia Pacific is one of the largest automotive manufacturers, holding a share of approximately 53% in 2016. Stringent emission regulations implemented in China, Japan, and India is expected to reduce vehicle weight, which will, in turn, enable fuel saving. Vehicle weight can be reduced by replacing heavy metal components by composites.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Composite market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Thermoset
Thermoplastics

Segmentation by application
Interior
Chassis & Powertrain
Exterior

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Volkswagen Group
Ford Motor Company
General Motor Company
Nippon Sheet Glass Co. Ltd.
Owens Corniing
Tencate
Jushi Group Co. Ltd
Johns Manville
Cytec Industries
Sgl Group – The Carbon Company
Toray Industries
Teijin Limited

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Composite market?

What factors are driving Automotive Composite market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Composite market opportunities vary by end market size?

How does Automotive Composite break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.