Automotive Composites Market Expectations and Growth Trends Highlighted Until 2027
Stratview Research, a global market research firm announces the release of the report titled – Automotive Composites Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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According to this report, the global Automotive Composites Market is estimated to growth at a healthy CAGR of 5% by 2027.
Market Segments Analysis
The market researchers have studied the Automotive Composites Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -
Key Players
• Ashland Global Holdings Inc.
• AOC, LLC
• BASF SE
• Continental Structural Plastics Inc. (CSP)
• Solvay S.A.
• Koninklijke DSM N.V.
• E. I. du Pont de Nemours and Company
• Hexion Inc.
• Huntsman Corporation
• Lanxess GmbH
• SABIC (Saudi Basic Industries Corporation)
• Toray Industries, Inc.
• Owens Corning Corporation.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Automotive composites market value and growth drivers over the trend period of 2019-24. According to the report -
Automotive composites market size is projected to reach an estimated value of US$ 15.6 billion in 2024. In the coming five years, the growth rate of composites in automotive is likely to outpace the growth rate of the automotive industry, catching the significant attention of the industry stakeholders.
Segment Analysis:
Based on by Vehicle Type:
The automotive composites market is broadly segmented based on vehicle type as Passenger Car, LCV, and M&HCV. Passenger car is expected to remain the growth engine of the automotive composites market during the forecast period. The high production of cars coupled with good composites penetration is the prime factor behind the dominance of the passenger car segment in the automotive composites market.
Based on Regional:
In terms of regions, Europe and North America capture a large chunk of the global automotive composites market. The average composite content per vehicle is higher in Europe and North America as compared to the Asia-Pacific region, which led to a low share of Asia-Pacific despite being the largest vehicle producer across the globe. The USA, Canada, Mexico, Germany, France, China, and Japan are some key countries across the globe, accounting for a significant share in the market.
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What else are available in this report?
The answer lies in the TOC and other details. Take a sneak-peek into the TOCs of this report.
- Report Scope
- Report Objectives
- Research Methodology
- Market Segmentation
- Secondary Research
- Primary Research
- Breakdown of Primary Interviews by Region, Designation, and Value Chain
- Data Analysis and Triangulation
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About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
