Automotive Composites Market - Forecast(2023 - 2028)

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Automotive Composites Market Market size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2022-2027
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• The automotive composites market size is forecast
  to reach US9.6 Billion by 2026, after growing at
  a CAGR of 12.4 during 2021-2026. 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.

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• 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.

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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.
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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

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Automotive Composites Market - Forecast 2021 -
2026 Learn More About the Report _at_
https//www.industryarc.com/Research/Automotive-C
omposites-Market-Research-500349
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id500349

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Reddy Contact (1) 970-236-3677 Email
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