Global Automotive Composite Market to Witness Impressive Growth, Revenue to Surge to USD 18.73 Billion By 2032

According to the report, the global Automotive Composite market size was valued at approximately USD 10.19 billion in 2023 and is predicted to reach around USD 18.73 billion by the end of 2032, expanding at a CAGR of around 7% from 2024 to 2032.     

The report covers forecast and analysis for the automotive composites market on a worldwide, regional and country level. The study provides historical information of 2018 together with a forecast from 2024 to 2032 based revenue (USD Billion). The entire study covers the key drivers and restraints for the automotive composites market. It also endow with the influence of market within the estimated period. Moreover, the report also includes the study of opportunities accessible within the automotive composites market on a global level.   

 In order to offer the users of this report a comprehensive read on the automotive composites market, we've also included the detailed value chain analysis. To represent the intensity of competitive landscape within the market, an analysis of Porter’s Five Forces model for the automotive composites market has additionally been enclosed within the study. The study encompasses a market attractiveness analysis, whereby type, application, and regional segments are standardized on the basis of their market size, rate, and general attractiveness.

The study provides an influential view on the global automotive composites market by bifurcating into type, application and regional segments. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. Based on the type of composites, the global automotive composites market included in this study is metal matrix composite, polymer matrix composite, and ceramic matrix composite. The major applications, the global automotive composites market are bifurcated into interior, exterior, chassis & power train components and others applications. Moreover, based on the geographic segmentation, the global automotive composite market includes the major region such as Europe, Middle East & Africa, Asia-Pacific, Latin America and North America.

With the more than 34.5% share, Asia Pacific led the global automotive composites market in 2023. The increasing demand for automobile coupled with the rising disposable incomes in Asia Pacific countries is expected to propel the demand for automotive composites market over the years to come. Growing demand for passenger vehicles because of emerging industrialization in the region is likely to drive the demand for the automotive industry. Moreover, increasing fuel prices is predicted to increase the demand for lightweight vehicles which in turn is expected to grow the market size of automotive composites within the forecast period. Furthermore, North America and Europe are also expected to exhibit the exponential growth for automotive composites market in the near future.

The study provides the detailed company profiles of the global market along with the exclusive elucidation of players that includes parameters such as company overview, the business strategy of the company, their financial overview and their recent development related to the market. Thus, some of the key manufacturers included in the study are E.I. du Pont de Nemours and Company, SAERTEX GmbH & Co. KG, Owens Corning, Teijin Limited, SGL Group, Nippon Sheet Glass Co., Ltd., Cytec Industries Inc., Toray Industries Inc., Johns Manville and amongst others.

Browse the full “Automotive Composite Market By Type (Metal Matrix Composite, Polymer Matrix Composite And Ceramic Matrix Composite) By Application (Interior, Exterior, Chassis & Power Train Components, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032” Report at https://www.zionmarketresearch.com/report/automotive-composites-market

The global Automotive Composite Market is segmented as follows:

By Types

• Metal matrix composite
• Polymer matrix composite
• Ceramic matrix composite

By Applications

• Interior
• Exterior
• Chassis & power train components
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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