Automotive Composite Materials Market is expected to grow at a significant CAGR during the forecast period from 2021 to 2027. The growing government regulations and mandates on fuel efficiencies, strict government regulations regarding emissions, and the rising demand for fuel efficient vehicles are the major factors driving the growth of the automotive composite materials market. Additionally, the partnering of OEMs with major composite materials manufacturers is another factor fueling the growth of the market during the forecast period. Moreover, the increasing demand for lightweight vehicles along with the stringent regulations on emission rules are further driving the demand for the automotive composite materials market.
Europe is expected to grow at a significant CAGR during the forecast period owing to the presence of large automobile industry, high R&D works, and the strict regulations and norms imposed by the European Union. The high manufacturing and processing costs of composite materials makes it difficult for new market players to launch their products. Therefore, a few key players dominate the global automotive composite materials market. The key players in the global automotive composites market includes Toray Industries Inc. (Japan), SGL Carbon (Germany), Teijin Limited (Japan), Mitsubishi Chemical Holding Corporation (Japan), and Hexcel Corporation (US) among others.
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A full report of Global Automotive Composite Materials Market is available at: https://www.orionmarketreports.com/automotive-composite-materials-market/40995/
The following Segmentation are covered in this report:
By Fiber Type
- Glass Fiber
- Carbon Fiber
- Others
By Resin Type
- Thermoset
- Thermoplastic
By Manufacturing Process
- Compression Molding
- Injection Molding
- Resin Transfer Molding (RTM)
- Others
By Application
- Exterior
- Interior
- Powertrain
- Chassis
By Vehicle Type
- Non-electric
- Electric
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Composite Materials Market.
- The market share of the global Automotive Composite Materials Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Composite Materials Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Composite Materials Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
