Question 1

How will Asia Pacific automotive composites market fare through 2027?

Accepted Answer

Asia Pacific market will record CAGR of about 7.5% through 2027 with increasing production of gasoline-based vehicles in the region.

Question 2

What factors are driving the demand for thermoset resin across automotive composites?

Accepted Answer

Thermoset resin segment will capture around 60% of the market share by 2027 with the rising demand for transferring tensile stress between the fibers and protecting the reinforcing fiber materials against environmental damage or mechanical failures.

Question 3

What is the value of automotive composites market?

Accepted Answer

The market for automotive composites crossed USD 3.80 billion in 2020 and will witness a CAGR of over 6.9% through 2027, says this GMI report.

Question 4

Why are automotive composites in huge demand across structural & powertrain segment?

Accepted Answer

Structural & powertrain segment is set to generate a sales volume of over 500 kilo tons by 2027 with the increasing usage of glass and carbon fibers in structural components.

Question 5

Why is glass fiber automotive composites sector growing?

Accepted Answer

Glass fiber automotive composites segment will exhibit a gains of over 6.5% through 2027 with increasing product demand driven by excellent strength, high heat resistance, and low dielectric constant.

Automotive Composites Market - By Fiber (Glass, Carbon, Natural), By Resin (Thermoset, Thermoplastic), By Manufacturing Process (Compression, Injection, Resin Transfer Molding), By Application (Interior, Exterior, Structural & Powertrain) & Forecast, 2021-2027

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