According to the recent study the glass fiber in the global automotive composites market is projected to reach an estimated $2.7 billion by 2026, at a CAGR of 5.5% from 2021 to 2026. 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 93 figures /
charts and 76 tables in this 234 -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 Rest of the World).
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and view detailed Table of Content by clicking on below link https://www.lucintel.com/glass-fiber-automotive-composites-market.aspx
“SFT market is expected to remain the
largest segment during the forecast period.”
Based on intermediate
material, the glass fiber in the global automotive composites market is
segmented into SMC/BMC, LFT, SFT, CFT, phenolic molding compound, and others.
Lucintel forecasts that the SFT market is expected to remain the largest
segment due to small complex shaped components in power train system/engine
components applications.
“Within the glass fiber in the global automotive composites
market, the powertrain system/ engine components segment is expected to remain
the largest application.”
Based on application the
powertrain system/ engine components segment is expected to witness the highest
growth over the forecast period due to growing demand for lightweight composite
parts. Underbody system is expected to witness highest growth over the forecast
period.
“Europe will dominate the glass fiber in the global automotive
composites market in near future.”
Europe is expected to
remain the largest market due to higher penetration of composites in automotive
than other region. APAC & ROW is also expected to witness the highest
growth over the forecast period.
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Major players of glass
fiber in the global automotive composites market are adopting various growth
strategies like new product launches, expansions, merger and acquisitions,
partnerships, agreements, and collaborations to expand their presence in this
market. Owens Corning, Jushi Group, John’s Manville, CPIC, and Taishan Fiberglass
are among the major glass fiber in the global automotive composites providers.
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 click on this link https://www.lucintel.com/glass-fiber-automotive-composites-market.aspx or helpdesk@lucintel.com.
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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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