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Automotive Composites Market Size, Share, Growth, Industry Analysis and For... PowerPoint PPT Presentation


The global automotive composites market stood at USD 3 billion in 2015 and will reach around USD 7.5 billion by 2024 growing at a healthy CAGR of 8.5 % from 2016 to 2024. Technological advancements and steady focus on superior performance vehicles have spurred the demand for automotive composites.

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Automotive composites market size share growth industry analysis and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Automotive Composites Market Size, Share, Growth, Industry

Analysis and Forecast to 2024 - Hexa Research

The globalautomotive composites market stood at over USD 3 billion in 2015 and is

expected to surpass USD 7.5 billion by 2024 expanding at a CAGR of over 8.5 %. Rising

preference for high fuel efficiency in passenger cars and growing vehicle production,

particularly in the Asia-Pacific (APAC) region, will drive the global market during the forecast

period (from 2016 to 2024).

Increasing urban population base, especially in developing countries such as India & China,

will offer numerous growth opportunities to the market players. However, recyclability issues

along with high costs of raw material are likely to hinder the worldwide Industry growth.

The global market is categorized into products, applications, and regions.

Based on products, the global automotive composites market is segmented into Ceramic

Matrix Composites (CMC), Metal Matrix Composites (MMC), and Polymer Matrix

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Automotive composites market size share growth industry analysis and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Composites (PMC). Polymer matrix composite is further categorized into Carbon Fiber

Reinforced Polymer composites (CFRP) or natural fiber reinforced polymer composites and

Glass Fiber Reinforced Polymer composites (GFRP). The metal matrix composites (MMC)

market is likely to exceed USD 435 million by 2023.

Browse Detail Report@

https://www.hexaresearch.com/research-report/automotive-composites-market

The market for CFRPs is the fastest-growing and is projected to grow at a healthy CAGR

during the forecast period. Strict environmental rules and demand for fuel-efficient cars will

propel this segment. And increased application base for composites in latest vehicle models

will also add to the demand. .

On the basis of applications, the global automotive composites industry is fragmented into

interior, exterior, engine, and powertrain components. Owing to widespread expansion,

chassis and powertrain components has been the fastest growing segment over the past

couple of years. . The exterior components segment led the market due to high demand for

aesthetic appeal and attractiveness in passenger cars. Engine & powertrain components is

projected to witness maximum gains in the years to come. The global market is also

segmented on the basis of technology into manual, continuous, injection, and compression.

Regionally, the automotive composites industry is categorized into Europe, Asia Pacific

(APAC), North America, Central and South America (CSA), and the Middle East and Africa

(MEA). Surging income levels along with rapid industrialization in various developing

countries has resulted in the greatest industry share in this region. Frequent business

ventures and numerous product launches have made the region a lucrative hub for high

investments. The European automotive composites market will register moderate growth

from 2016 to 2024. Stringent environmental rules by the European government will boost

regional growth. United Kingdom, Germany, and France automotive composite markets will

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Automotive composites market size share growth industry analysis and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

perform favorably owing to the presence of major automobile manufacturers such as

Renault and BMW. The North American region is also expected to have steady gains due to

a rise in the customer spending capacity post recession.

The global industry is highly consolidated one with four key players holding 70 % of the total

market share. Some of the key companies are Mitsubishi Corp.; Toho Co. Ltd.; Toray

Industries Inc.; and Koninklijke Ten Cate N. V.

Browse Related Category Market [email protected]://www.hexaresearch.com/research-

category/automotive-and-transportation-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

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Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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