According to a market report by Lucintel, the future of the composites in the global automotive market looks promising with opportunities in interior, exterior, power train system, chassis systems, electrical and electronics and under body system applications. The composite in the global automotive market is expected to reach an estimated $13 billion by 2030 from $10 billion in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are rise in demand for vehicles that are fuel efficient and have low carbon emissions and corrosion resistivity and low thermal expansion.
Browse 107 figures/charts and 68
tables in this 205-page report to understand trends, opportunity and forecast in composites in the global automotive market
to 2030 by material compound material (SMC, BMC, GMT, LFT, CFT, and SFT),
application (exterior, interior, power train system, chassis system, electrical
and electronics, under body system, and others), fiber (glass fiber and carbon
fiber), resin group (thermoset resin and thermoplastic resin) and by region.
Lucintel
forecasts that powertrain system will remain the largest application segment
and is also expected to witness the highest growth over the forecast period.
SFT
expected to witness the largest segment and CFT is expected to witness the
highest growth over the forecast period.
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sample by clicking on composites in
the global automotive market.
APAC and
ROW is expected to remain the largest region by value and volume also due to
higher penetration of composites in automotive in this region than other
region.
BASF, DSM,
DuPont, SABIC, and Lanxess are the major suppliers in the composites in the
global automotive 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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
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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