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Automotive Composites Market Share

Report ID: GMI338
Published Date: Dec 2021
Report Format: PDF

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Automotive Composites Market Share

Some key players in Automotive Composites Market are

ACP Composites
Clearwater Composites LLC
Cytec Solvay Group
DowAksa
Hexcel CorporationHitco Carbon Composites, Inc.
Hitco Carbon Composites, Inc.
Johns Manville Corporation
Jushi Group Co., Ltd.
Koninklijke Ten Cate BV
Mitsubishi Rayon Co., Ltd.
Owens Corning Corp.
Polar Manufacturing
Protech Composites
Revchem Composites
Rock West Composites
Scott Bader
SGL Group
Teijin Limited
Toho Tenax America
Toray Industries, Inc.
Wolf Composite Solutions
Zoltek Carbon Fiber

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.

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