Global Automotive Composite Market Research Report 2021

Composites are a class of materials that are made of two or more constituent materials having different properties. The properties of the composites are unique and different from those of the constituent materials. The constituent materials of the composites remain separate and distinct and do not blend or dissolve with each other.
Asia Pacific is one of the largest automotive manufacturers, holding a share of approximately 53% in 2016. Stringent emission regulations implemented in China, Japan, and India is expected to reduce vehicle weight, which will, in turn, enable fuel saving. Vehicle weight can be reduced by replacing heavy metal components by composites.

Market Analysis and Insights: Global Automotive Composite Market
The global Automotive Composite market was valued at US$ 7761.3 million in 2019 and it is expected to reach US$ 12490 million by the end of 2026, growing at a CAGR of 7.0% during 2021-2026.

Global Automotive Composite Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Automotive Composite Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Thermoset
Thermoplastics

Segment by Application
Interior
Chassis & Powertrain
Exterior

By Company
Volkswagen Group
Ford Motor Company
General Motor Company
Nippon Sheet Glass Co. Ltd.
Owens Corniing
Tencate
Jushi Group Co. Ltd
Johns Manville
Cytec Industries
Sgl Group – The Carbon Company
Toray Industries
Teijin Limited

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E