Automotive Composites Market News: Predicted to Hit US$ 15.75 Bn by 2030, Highlights Key Players
Automotive Composites Market Poised for Strong Growth at $15.75 Billion by 2030
The global automotive composites market is expected to reach US$15.75 billion by 2030, driven by a growing demand for lightweight and fuel-efficient vehicles. This translates to a significant Compound Annual Growth Rate (CAGR) of 12.45% during the forecast period (2024-2030).
Market Overview
The automotive composites market landscape is brimming with innovation, with leading suppliers constantly pushing the boundaries of application development and delivery. Customer-centric business practices and the ability to manage vast amounts of data will be crucial for success in the coming years. Partnerships with integration partners will be essential to achieve optimal technology utilization, while webinars will play a vital role in disseminating future trends and insights.
Market Scope
Maximize Market Research’s comprehensive report on the Automotive Composites Market offers an in-depth analysis that considers both economic factors and the lasting impacts of the COVID-19 pandemic. It meticulously details drivers, challenges, opportunities, trends, and niche markets that industry leaders can leverage for strategic advantage over the next six years (2024-2030).
Market Segmentation
The report offers a granular segmentation of the market based on various factors, including:
- Fiber: Glass, Carbon, Natural
- Resin: Thermoset, Thermoplastic
- Manufacturing Process: Compression, Injection, Resin Transfer Moulding (RTM)
- Application: Interior, Exterior, Structural & Powertrain
Major Manufacturers
The report investigates the key players shaping the market. Here’s a list of prominent manufacturers:
- ACP
- Cytec Solvay Group
- Hexcel Corporation
- Johns Manville Corporation
- Koninklijke Ten Cate
- Owens Corning Corp.
- Protech
- SGL Group
- Teijin Limited
- Toho Tenax America
- Toray Industries
- Zoltek Carbon Fiber
- Mitsubishi Chemical Holding Corporation (Japan)
- Solvay SA (Belgium)
- Gurit (Switzerland)
- UFP Technologies Ltd. (US)
- Huntsman Corporation (US)
- Hexion (US)
- TPI Composites
- GMS Composites
- IDI Composites International
- Revchem Composites
- Formaplex
- Owens Corning
Regional Analysis
The report provides a comprehensive geographical breakdown of the market, encompassing both qualitative and quantitative data. It includes global market analysis and forecasts for various segments. Additionally, it offers market size and growth estimations for five key regions from 2024 to 2030: North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
COVID-19 Impact Analysis
The COVID-19 pandemic has undeniably impacted markets and consumer behavior worldwide. Its influence on the automotive industry has been significant, with disruptions affecting both economic and social landscapes. The report analyzes the pandemic’s potential to drive consumer demand towards online channels, potentially creating a permanent shift in purchasing habits. It emphasizes the need for companies to strengthen their online presence to adapt to this evolving trend.
Key Questions Answered
The Maximize Market Research report addresses critical questions that shape the future of the Automotive Composites Market, including:
- What is the potential market size for Automotive Composites across different regions?
- What opportunities can new market entrants explore?
- What are the key factors anticipated to drive market growth in the next seven years?
- What is the projected market size and growth rate of the Automotive Composites Market?
- Which segments hold the most significant growth potential within the Automotive Composites Market?
Table of Contents: Function as a Service Market
• Part 1: Overview of Function as a Service Market
• Part 2: Epigenetics Carts: Global Market Status and Forecast by Regions
• Part 3: Global Market Status and Forecast by Types
• Part 4: Global Market Status and Forecast by Downstream Industry
• Part 5: Market Driving Factor Analysis
• Part 6: Market Competition Status by Major Manufacturers
• Part 7: Major Manufacturers Introduction and Market Data
• Part 8: Upstream and Downstream Market Analysis
• Part 9: Cost and Gross Margin Analysis
• Part 10: Marketing Status Analysis
• Part 11: Market Report Conclusion
• Part 12: Epigenetics: Research Methodology and Reference
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