According to the recent study the glass fiber in the global automotive composites market is projected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 2.4% from 2023 to 2030. Growth in this market is primarily driven by increasing automotive production and growing demand for lightweight and durable materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions.
Browse 182 figures/charts
and 103 tables in this 165-page report to understand trends, opportunities and forecast
in glass fiber in the global automotive composites market by application
(interior, exterior, powertrain system/engine components, under the body,
electrical and electronics, and others), intermediate material (SMC/BMC, LFT,
SFT, CFT, phenolic molding compound, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
powertrain system/ engine components will remain the largest application by
value and volume due to growing demand for lightweight composite parts.
Underbody system is expected to witness highest growth over the forecast
period.
Short fiber
thermoplastic (SFT) material of glass fiber in the global automotive composites
will remain the largest segment over the forecast period due to its growing
demand for lightweight composite parts.
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glass fiber in the global automotive
composites market.
APAC/ROW is expected to
remain the largest market and is also expected to witness the highest growth
over the forecast period due to higher penetration of composites in automotive
than other region.
Owens Corning, Jushi
Group Co., Ltd., Johns Manville Corporation, Chongqing Polycomp International
Corporation, Taishan Fiberglass Inc., 3B the Fiber Glass Company (Goa Glass
Fiber), Nitto Boseki Co. Ltd, Nippon Electric Glass Co. Ltd., and Lanxess are the major suppliers in the glass
fiber in the global automotive composites market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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