Global Automotive Glass Fiber Composites Market Growth 2023-2029

Global Automotive Glass Fiber Composites Market Growth 2023-2029

This report studies Glass fiber reinforced plastic (GFRP) composites for automotive market.

Glass fiber reinforced plastic (GFRP) composites refer to composite materials made of resin reinforced with glass fiber. GFRP composites is used for its high mechanical strength, light weight, corrosion and temperature resistant properties, thermal insulation, smooth internal surface, easy to form complex shapes, ease of repair and its cost effectiveness.

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

This Insight Report provides a comprehensive analysis of the global Automotive Glass Fiber Composites 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 Glass Fiber Composites portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Glass Fiber Composites market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Glass Fiber Composites 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 Glass Fiber Composites.

The global Automotive Glass Fiber Composites market size is projected to grow from US$ 3802.5 million in 2022 to US$ 5723.8 million in 2029; it is expected to grow at a CAGR of 5723.8 from 2023 to 2029.

Global key players of automotive glass fiber composites include BASF, Lanxess, SABIC, Evonik, DSM, etc. The top five players hold a share over 29%. Asia-Pacific is the largest market, has a share about 43%, followed by Europe and North America, with share 30% and 22%, separately. In terms of product type, Thermoplastic Plastic Products is the largest segment, occupied for a share of 55%, and in terms of application, Interiors and Others has a share about 37 percent.

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

Market Segmentation:

Segmentation by type
Thermosetting Plastic Products
Thermoplastic Plastic Products

Segmentation by application
Automotive Body & Roof Panels
Automotive Hood
Automotive Chassis
Interiors and Others

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.
BASF
Lanxess
SABIC
Evonik
DSM
Avient
DuPont
DOMO Chemicals
Hexion
Celanese
RTP
Sumitomo Bakelite
Lotte Chemical
Daicel
Kolon
Denka
Kingfa

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Glass Fiber Composites market?

What factors are driving Automotive Glass Fiber Composites market growth, globally and by region?

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

How do Automotive Glass Fiber Composites market opportunities vary by end market size?

How does Automotive Glass Fiber Composites 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.