Automotive Composites Market
Automotive Composites Market Analysis by Fiber (Glass Fiber, Carbon), by Resin (Thermoset, Thermoplastic), by Manufacturing Process (Compression Moulding, Injection Moulding, Resin Transfer Moulding (RTM), by Application (Exterior, Interior, Powertrain, Chassis), by Vehicle Type (Non-electric Vehicles, Electric Vehicles) & Region Forecast till 2032
Analysis of Automotive Composites Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Composites Market Growth Outlook
Fact.MR’s automotive composites industry analysis reveals that global market was valued at US$ 6.35 Billion in 2021, and is projected to top US$ 20 Billion by 2032, expanding at an impressive CAGR of 11% over the next ten years.
Demand for glass fiber composites is projected to surge and reach a valuation of around US$ 11 Billion, with that for carbon composites is set to balloon at 12%.
| Report Attribute | Detail |
|---|---|
| Market Size in 2021 | US$ 6.35 Billion |
| Market Value in 2022 | US$ 7.04 Billion |
| Projected Forecast Value (2032) | US$ 20 Billion |
| Global Growth Rate (2022 to 2032) | 11% CAGR |
| Expected Market Share of the Asia Pacific Market (2032) | 47% |
| Anticipated CAGR of Europe (2022 to 2032) | 12% |
| Major Companies Analysis | Toray Industries Inc; SGL Carbon; Teijin Limited; Mitsubishi Chemical Holding Corporation; Hexcel Corporation; Solvay SA; Gurit; UFP Technologies Ltd.; Huntsman Corporation; Hexion |
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Consumption Analysis of Automotive Composites from 2017 to 2021 Vs Demand Outlook for 2022 to 2032
As per Fact.MR - a market research and competitive intelligence provider, the global market for automotive composites progressed at a CAGR of 9% from 2017 to 2021, reaching a valuation of US$ 5.72 Billion in 2020.
Composites have been used popularly in a range of internal and external automotive components to provide distinct structural and weight advantages. A number of original equipment manufacturers (OEMs) and automakers world over are increasingly using automotive composites, with the primary objective to reduce vehicle weight and cut down on carbon emission.
Start-ups and big automobile manufacturers are actively considering to incorporate carbon fiber composites in trucks and electric vehicles in the forthcoming years.
Apart from this, the adoption of advanced automotive composites has upped the current safety level, reduced the consumption of fuels. In addition, the adoption of automotive composites has helped automotive players to fill in more functional hardware, notably gadgets.
Over the next few years, the market for automotive composites will witness a spate of innovations, with automotive powertrains providing a significant untapped area for growth. Advances in the composite market will offer OEMs better design freedom and function integration. Demand for design innovations in vehicles among customers in various parts of the world will further unlock interesting prospects for market players.
Which are Some Prominent Drivers of Automotive Composites Market?
Demand for increasing manufacturing efficiency driving market growth
Global demand for automotive composites is slated to grow at a sturdy pace over the next decade. Advancements in automobile manufacturing have unravelled several opportunities for growth within the market.
Furthermore, supremacy of automotive composites over their steel counterparts has led the automotive industry to prefer the former.
Vendors in the automobile industry have become reliant on the use of automotive composites in order to increase the efficiency of manufacturing. Therefore, the global market for automotive composites is set to grow to new heights in the years to follow.
Demand for reducing vehicle weight shaping market landscape
Intensifying need for reducing vehicle weight through structural advancements and pressing demand for improving fuel economy are key factors driving demand for automotive composites across regions.
Growing focus on design innovations to enhance vehicle functionalities is bolstering demand for automotive composites made from aluminium and fiber. This is partly attributed to rising consumer demand for stylish and faster cars.
A number of governmental mandates and legislations on reducing carbon emissions in several developing and developed countries is a notable factor stoking demand for automotive composites. Furthermore, focus on improving the fuel economy of vehicles by automakers is expected to accentuate the market.
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What are the Challenges Faced by the Automotive Composites Market?
Expensive nature of composite materials hindering market growth
Automotive composites are very expensive as compared to other alternatives that are already available in the market. Their high manufacturing cost is acting as a major hindrance for the growth of market.
Also, cost of raw materials such as carbon fibres and thermoplastic resins are high, and thus, even after several advantageous properties over traditional materials such as steel and aluminium, their use gets limited to the automotive industry.
High investment associated with the production of composites is majorly restricting the growth of composites in the automotive industry.
Comparative View of Automotive Composites Markets
Automotive composites Market:
| Automotive composites Market | Automotive composites Market |
|---|---|
| CAGR (2022 to 2032) | 6% |
| Market Value (2032) | US$ 20 Billion |
| Growth Factor | Advancement in automobile manufacturing is bolstering the demand for automotive composites. |
| Opportunity | Stringent regulations by government to curb emissions across the globe is creating lucrative opportunities for automotive composites. |
Automotive Relay Market:
| Automotive composites Market | Automotive Relay Market |
|---|---|
| CAGR (2022 to 2032) | 5.1% |
| Market Value (2032) | US$ 26.5 Billion |
| Growth Factor | Adoption of advanced & automated electrical safety systems in vehicles is creating lucrative opportunities for automotive relay. |
| Opportunity | Integration of new technologies in automotive relays is fueling the growth of automotive relay market. |
Automotive Tail Light Market:
| Automotive composites Market | Automotive Tail Light Market |
|---|---|
| CAGR (2022 to 2032) | 6% |
| Market Value (2032) | US$ 22 Billion |
| Growth Factor | The usage of rear combination lamps for vehicles has catered plentiful benefits such as better brightness, energy, and cost-saving and also presents enhanced safety is boosting sales for automotive tail light. |
| Opportunity | Investment in research and development for integrating technology ans sensors in tail lights is advancing the use of automotive tail lights. |
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Region-Wise Insights
How are Stringent Carbon Emission Regulations in Europe Benefiting Manufacturers of Automotive Composites?
Carbon reduction targets set by government benefitting market growth
The global market for automotive composites in Europe is projected to expand at a CAGR of 12% across forecast period.
Europe’s automotive sector is one of the major industries operating in the region, and is comparatively larger than any other region. European Union countries together are amongst the world’s biggest producers of motor vehicles, and the sector represents the largest private investor in research & development.
Stringent regulations imposed by authorities across Europe such as the European Automotive Manufacturers Association (ACEA) and the European Union Automotive Fuel Economy standard have set limits for carbon emissions, which has put pressure on automakers.
For instance, the European Union Commission (EC) has enforced to increase the EU’s GHG (greenhouse gases) reduction target for 2030 from 40% cut in CO2 emission to a cut of 50 or 55%.
Increasing fuel efficiency requirement along with lightweight nature of vehicles has enforced the use of automotive composites in automotive applications, driving demand for the product in the region.
Stringent Emissions Contributing to Market Growth in Asia Pacific?
Lower material rates boosting adaption of automotive composites
Asia Pacific dominated the market accounting for 47% share of global revenue from automotive composites.
This high demand is on account of the region being one of the most lucrative destinations for the automotive industry, owing to the presence of key manufacturers in major economies such as China, India, and Japan. Asia Pacific provides a competitive advantage in terms of low raw material and production cost, along with steady growth in automobile production.
Stringent emission regulations implemented by China, India, and Japan are expected to reduce the weight of vehicles, thereby enabling fuel savings. Vehicle weight can be reduced through the replacement of heavy metal components with composites.
Moreover, government initiatives such as “Make in India” are expected to contribute to the automotive industry growth in India, which, in turn, is likely to fuel demand for automotive composites over the coming years.
Country-wise Forecast CAGRs for the Automotive composites Industry
| Country | CAGR |
|---|---|
| China | 8% |
| India | 6% |
| Germany | 9% |
Category-wise Analysis
Properties of Glass Fiber Maximizing its Use in Automotive Composites?
Superior attributes of glass fiber attracting manufacturers to invest in the same
Glass fiber accounts for the largest share of around 75% of the overall market. Glass fiber-reinforced composites, commonly abbreviated as GFRP, are composed of a large number of tiny glass fibers that are compiled together and held rigidly in place by plastic polymer resin.
It is used as a reinforcing element in composites. Owing to its superior attributes such as strength, durability, flexibility, stability, lightweight, and resistance to heat, temperature, and moisture, glass fiber is a choice of material for automotive composite manufacturers.
Growing Use of Automotive Composites in Car Manufacturing Creating Lucrative Opportunities for Automotive Composites Market?
Use of automotive composites in exteriors of car boosting market growth
Exterior application of automotive composites accounts for 55% in terms of value and 50% in terms of volume, of the overall market.
Exterior application contributes a major share in the automotive market since major components of a car’s body such as bumper beams, fenders, front-end modules, door panels, and hoods, among others, are made of composite materials.
Furthermore, use of composites in exterior parts such as fenders, hoods, bumper beams, deck lids, and others adds to the durability of cars, ensuring long lifecycle and lower maintenance cost.
Start-Ups for Automotive Composites Market
Key start-up players in the automotive composites market are 9T, Boston Materials, Rein4ced, Weav3D and Solerial Matusions
- 9T Labs, a key player in the automotive composites market is focusing on developing advanced solutions for 3D manufacturing. Moreover, the company is using 3D technology to create optimal carbon fiber composites.
- Solerial Matusions, another key player in the automotive composites market is focusing on using carbon fiber nanoparticles. Through this, the company is reducing weight of aircrafts.
Market Competition
Manufacturers of automotive composites are entering into collaborations and partnerships with OEMs. Automakers are incorporating composites in their product lines in a move to gain a competitive edge over others. A number of established companies are acquiring small players in a move to further consolidate their market position.
Furthermore, several players are focused on developing advanced structural automotive composites to gain a better foothold in the market.
Some of the key developments are
- In October 2020, Teijin Group strategically partnered with AZL Partner New York for their lightweight production technology. This technology is aimed at transforming their business model to closely realize multifunctional and more lightweight next generation vehicles.
- In August 2020, SGL Carbon, along with joint coordinator Consortium, succeeded in improving the thermal insulation properties for the new composite materials by around 120 % and have made commercially available carbon materials.
- In July 2019, Teijin signed a joint agreement with an Australian venture AEV Robotics for co-development of lightweight automotive components and solutions for next generation transportation which will redefine forms of aging transportation.
Key Segments Profiled in Industry Survey
-
By Fiber:
- Glass Fiber
- Carbon Fiber
-
By Resin:
- Thermoset
- Thermoplastic
-
By Manufacturing Process:
- Compression Moulding
- Injection Moulding
- Resin Transfer Moulding (RTM)
-
By Application:
- Exterior
- Interior
- Powertrain
- Chassis
-
By Vehicle Type:
- Non-electric Vehicles
- Electric Vehicles
-
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Market Context
- 6. Global Market - Pricing Analysis
- 7. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fiber
- 8.1. Glass Fiber
- 8.2. Carbon Fiber
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Resin
- 9.1. Thermoset
- 9.2. Thermoplastic
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 10.1. Exterior
- 10.2. Interior
- 10.3. Powertrain
- 10.4. Chassis
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Manufacturing Process
- 11.1. Compression Moulding
- 11.2. Injection Moulding
- 11.3. Resin Transfer Moulding (RTM)
- 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Vehicle Type
- 12.1. Electric
- 12.2. Non-electric
- 13. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 13.1. North America
- 13.2. Latin America
- 13.3. Europe
- 13.4. East Asia
- 13.5. South Asia
- 13.6. Oceania
- 13.7. Middle East and Africa (MEA)
- 14. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Rest of the World Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Gurit
- 20.2. Cytec Industries
- 20.3. Cytec Industries
- 20.4. Toho Tenax
- 20.5. Owens Corning
- 20.6. SGL Carbon
- 21. Assumptions and Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01: Global Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fiber
Table 02: Global Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Resin
Table 03: Global Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
Table 04: Global Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Manufacturing Process
Table 05: Global Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
Table 06: Global Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Manufacturing Process Age Group
Table 07: Global Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
Table 08: North America Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: North America Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fiber
Table 10: North America Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
Table 11: North America Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Resin
Table 12: North America Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Manufacturing Process
Table 13: North America Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
Table 14: Europe Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: Europe Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fiber
Table 16: Europe Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
Table 17: Europe Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Resin
Table 18: Europe Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Manufacturing Process
Table 19: Europe Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
Table 20: Middle East and Africa Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Middle East and Africa Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fiber
Table 22: Middle East and Africa Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
Table 23: Middle East and Africa Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Resin
Table 24: Middle East and Africa Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Manufacturing Process
Table 25: Middle East and Africa Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
Table 26: Rest of the World Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fiber
Table 27: Rest of the World Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
Table 28: Rest of the World Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Resin
Table 29: Rest of the World Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Manufacturing Process
Table 30: Rest of the World Market Size (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032
Figure 02: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 03: Global Market Share Analysis (%), By Fiber, 2022 & 2032
Figure 04: Global Market Y-o-Y Analysis (%), By Fiber, 2022 to 2032
Figure 05: Global Market Attractiveness Analysis By Fiber, 2022 to 2032
Figure 06: Global Market Share Analysis (%), By Resin, 2022 & 2032
Figure 07: Global Market Y-o-Y Analysis (%), By Resin, 2022 to 2032
Figure 08: Global Market Attractiveness Analysis By Resin, 2022 to 2032
Figure 09: Global Market Share Analysis (%), By Application, 2022 & 2032
Figure 10: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 11: Global Market Attractiveness Analysis By Application, 2022 to 2032
Figure 12: Global Market Share Analysis (%), By Manufacturing Process, 2022 & 2032
Figure 13: Global Market Y-o-Y Analysis (%), By Manufacturing Process, 2022 to 2032
Figure 14: Global Market Attractiveness Analysis By Manufacturing Process, 2022 to 2032
Figure 15: Global Market Share Analysis (%), By Vehicle Type, 2022 & 2032
Figure 16: Global Market Y-o-Y Analysis (%), By Vehicle Type , 2022 to 2032
Figure 17: Global Market Attractiveness Analysis, By Vehicle Type, 2022 to 2032
Figure 18: Global Market Share Analysis (%), By Manufacturing Process Age Group, 2022 & 2032
Figure 19: Global Market Y-o-Y Analysis (%), By Manufacturing Process Age Group, 2022 to 2032
Figure 20: Global Market Attractiveness Analysis By Manufacturing Process Age Group, 2022 to 2032
Figure 21: Global Market Share Analysis (%), By Region, 2022 & 2032
Figure 22: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 23: Global Market Attractiveness Analysis, By Region, 2022 to 2032
Figure 24: North America Market Value Share, By Fiber, 2021 (E)
Figure 25: North America Market Value Share, By Applications 2021 (E)
Figure 26: North America Market Value Share, By Resin, 2021 (E)
Figure 27: North America Market Value Share, By Manufacturing Process, 2021 (E)
Figure 28: North America Market Value Share, By Vehicle Type, 2021 (E)
Figure 29: North America Market Value Share, By Country, 2021 (E)
Figure 30: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032
Figure 31: North America Market Attractiveness Analysis By Fiber, 2022 to 2032
Figure 32: North America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 33: North America Market Attractiveness Analysis By Resin, 2022 to 2032
Figure 34: North America Market Attractiveness Analysis By Manufacturing Process, 2022 to 2032
Figure 35: North America Market Attractiveness Analysis By Vehicle Type, 2022 to 2032
Figure 36: North America Market Attractiveness Analysis By Country, 2022 to 2032
Figure 37: Europe Market Value Share, By Fiber, 2021 (E)
Figure 38: Europe Market Value Share, By Applications 2021 (E)
Figure 39: Europe Market Value Share, By Resin, 2021 (E)
Figure 40: Europe Market Value Share, By Manufacturing Process, 2021 (E)
Figure 41: Europe Market Value Share, By Vehicle Type, 2021 (E)
Figure 42: Europe Market Value Share, By Country, 2021 (E)
Figure 43: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032
Figure 44: Europe Market Attractiveness Analysis By Fiber, 2022 to 2032
Figure 45: Europe Market Attractiveness Analysis By Application, 2022 to 2032
Figure 46: Europe Market Attractiveness Analysis By Resin, 2022 to 2032
Figure 47: Europe Market Attractiveness Analysis By Manufacturing Process, 2022 to 2032
Figure 48: Europe Market Attractiveness Analysis By Resin, 2022 to 2032
Figure 49: Europe Market Attractiveness Analysis By Country, 2022 to 2032
Figure 50: Middle East and Africa Market Value Share, By Fiber, 2021 (E)
Figure 51: Middle East and Africa Market Value Share, By Application, 2021 (E)
Figure 52: Middle East and Africa Market Value Share, By Resin, 2021 (E)
Figure 53: Middle East and Africa Market Value Share, By Manufacturing Process, 2021 (E)
Figure 54: Middle East and Africa Market Value Share, By Vehicle Type, 2021 (E)
Figure 55: Middle East and Africa Market Value Share, By Country, 2021 (E)
Figure 56: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032
Figure 57: Middle East and Africa Market Attractiveness Analysis By Fiber, 2022 to 2032
Figure 58: Middle East and Africa Market Attractiveness Analysis By Application, 2022 to 2032
Figure 59: Middle East and Africa Market Attractiveness Analysis By Resin, 2022 to 2032
Figure 60: Middle East and Africa Market Attractiveness Analysis By Manufacturing Process, 2022 to 2032
Figure 61: Middle East and Africa Market Attractiveness Analysis By Vehicle Type, 2022 to 2032
Figure 62: Middle East and Africa Market Attractiveness Analysis By Country, 2022 to 2032
Figure 63: Rest of the World Market Value Share, By Fiber, 2021 (E)
Figure 64: Rest of the World Market Value Share, By Applications 2021 (E)
Figure 65: Rest of the World Market Value Share, By Resin, 2021 (E)
Figure 66: Rest of the World Market Value Share, By Manufacturing Process, 2021 (E)
Figure 67: Rest of the World Market Value Share, By Vehicle Type, 2021 (E)
Figure 68: Rest of the World Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032
Figure 69: Rest of the World Market Attractiveness Analysis By Fiber, 2022 to 2032
Figure 70: Rest of the World Market Attractiveness Analysis By Application, 2022 to 2032
Figure 71: Rest of the World Market Attractiveness Analysis By Resin, 2022 to 2032
Figure 72: Rest of the World Market Attractiveness Analysis By Manufacturing Process, 2022 to 2032
Figure 73: Rest of the World Market Attractiveness Analysis By Vehicle Type, 2022 to 2032
Figure 74: U.S. Market Value Share, By Fiber, 2022 & 2032
Figure 75: U.S. Market Value Share, By Application, 2022 & 2032
Figure 76: U.S. Market Value Share, By Resin, 2021 & 2032
Figure 77: U.S. Market Value Share, By Manufacturing Process Age Group, 2022 & 2032
Figure 78: U.S. Market Value Share, By Vehicle Type, 2022 & 2032
Figure 79: U.S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Canada Market Value Share, By Fiber, 2022 & 2032
Figure 81: Canada Market Value Share, By Application, 2022 & 2032
Figure 82: Canada Market Value Share, By Resin, 2022 & 2032
Figure 83: Canada Market Value Share, By Manufacturing Process Age Group, 2022 & 2032
Figure 84: Canada Market Value Share, By Vehicle Type, 2022 & 2032
Figure 85: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U.K. Market Value Share, By Fiber, 2022 & 2032
Figure 87: U.K. Market Value Share, By Application, 2022 & 2032
Figure 88: U.K. Market Value Share, By Resin, 2022 & 2032
Figure 89: U.K. Market Value Share, By Manufacturing Process Age Group, 2022 & 2032
Figure 90: U.K. Market Value Share, By Vehicle Type, 2022 & 2032
Figure 91: U.K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: Germany Market Value Share, By Fiber, 2022 & 2032
Figure 93: Germany Market Value Share, By Application, 2022 & 2032
Figure 94: Germany Market Value Share, By Resin, 2022 & 2032
Figure 95: Germany Market Value Share, By Manufacturing Process Age Group, 2022 & 2032
Figure 96: Germany Market Value Share, By Vehicle Type, 2022 & 2032
Figure 97: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: France Market Value Share, By Fiber, 2022 & 2032
Figure 99: France Market Value Share, By Application, 2022 & 2032
Figure 100: France Market Value Share, By Resin, 2022 & 2032
Figure 101: France. Market Value Share, By Manufacturing Process Age Group, 2022 & 2032
Figure 102: France Market Value Share, By Vehicle Type, 2022 & 2032
Figure 103: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: Italy Market Value Share, By Fiber, 2022 & 2032
Figure 105: Italy Market Value Share, By Application, 2022 & 2032
Figure 106: Italy Market Value Share, By Resin, 2022 & 2032
Figure 107: Italy Market Value Share, By Manufacturing Process Age Group, 2022 & 2032
Figure 108: Italy Market Value Share, By Vehicle Type, 2022 & 2032
Figure 109: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: Spain Market Value Share, By Fiber, 2022 & 2032
Figure 111: Spain Market Value Share, By Application, 2022 & 2032
Figure 112: Spain Market Value Share, By Resin, 2022 & 2032
Figure 113: Spain Market Value Share, By Manufacturing Process Age Group, 2022 & 2032
Figure 114: Spain Market Value Share, By Vehicle Type, 2022 & 2032
Figure 115: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: GCC Countries. Market Value Share, By Fiber, 2022 & 2032
Figure 117: GCC Countries Market Value Share, By Application, 2022 & 2032
Figure 118: GCC Countries Market Value Share, By Resin, 2022 & 2032
Figure 119: GCC Countries Market Value Share, By Manufacturing Process, 2022 & 2032
Figure 120: GCC Countries Market Value Share, By Vehicle Type, 2022 & 2032
Figure 121: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: South Africa Market Value Share, By Fiber, 2022 & 2032
Figure 123: South Africa Market Value Share, By Application, 2022 & 2032
Figure 124: South Africa Market Value Share, By Resin, 2022 & 2032
Figure 125: South Africa Market Value Share, By Manufacturing Process Age Group, 2022 & 2032
Figure 126: South Africa Market Value Share, By Vehicle Type, 2022 & 2032
Figure 127: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
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- FAQs -
At what value is the automotive composites industry likely to close by 2022?
Fact.MR foresees automotive composites demand to reach US$ 7.04 Billion in 2022
At what percentage will the market for automotive composites rise until 2032?
From 2022-2032, Fact.MR expects automotive composites revenue to flourish at a 11% CAGR
What is the expected market value for automotive composites in 2032?
In 2032, automotive composites market worth is poised to reach US$ 20 Billion
How do growth prospects for automotive composites appear in the Europe?
Europe is projected to expand at a CAGR of 12% across forecast period.
How do growth prospects for automotive composites appear in the Asia Pacific?
Asia Pacific is expected to account for 47% share of global revenue from automotive composites.
What are the growth prospects for Germany, Austria and France?
China, India and Germany will flourish at a CAGR of 23% combined until 2032
Which type of fiber is expected to hold the maximum share for automotive composites market?
Glass fiber is expected to account for the largest share of around 75% of the overall market.
Which type of application is expected to hold the maximum share for automotive composites market?
Exterior application of automotive composites accounts for 55% in terms of value and 50% in terms of volume, of the overall market.
Automotive Composites Market