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Automotive Composites Market Share, Trend & Growth Forecast to 2026

On the regional front, the Europe automotive composites market is set to exhibit a growth rate of over 7% through 2026. The product witnesses high demand from European countries including the UK, France, Germany, and Spain. Burgeoning automobile industry and government regulations related to greenhouse gas emissions from vehicles are likely to generate considerable growth prospects for the regional automotive composites business landscape.

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Automotive Composites Market Share, Trend & Growth Forecast to 2026

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  1. Automotive Composites Market 2020-2026; Growth Forecast & Industry Share Report

  2. KeyInsights Automotive Composites Market : • In terms of segmentation by fiber, the global automotive composites market is categorized into glass, carbon, & natural fiber. Of these, the glass segment is poised to hold a dominant position and record a CAGR of nearly 6% through 2026. This can be attributed to high product strength and stiffness over other fibers. Furthermore, myriad benefits displayed by these fibers, including low dielectric constant, high heat resistance, & cost-effective nature are anticipated to augment industry demand in the coming years. • With regards to the manufacturing process spectrum, the global automotive composites industry is categorized into compression, injection, & resin transfer molding (RTM), as well as other manufacturing processes such as pre-peg layup process.

  3. Continued… • Automotive composites are light-weight materials that are adopted in producing multiple automotive interior, exterior, as well as other auxiliary systems and components in vehicles. Increasing adoption of these composites for weight reduction in hybrid and electrically-powered vehicles will assert a positive influence on global market expansion in the years ahead. • For example, Covestro and Guangzhou Automobile Group Co. Ltd.'s Research and Development Center have partnered up to develop a new lightweight composite-based seat back for the auto company's new electric concept car, ENO.146. The composite seat back is part of GAC's aim to develop an aerodynamically efficient electric car, which includes various other lightweighting efforts and extensive use of sustainable materials for a majority of the car's components, including the seats.

  4. Latest Research Automotive Composites Market @ https://bit.ly/2XKAofG Request for a Sample Copy of This Research Report @ https://bit.ly/2XM6OGF

  5. Major Companies Automotive Composites Market : • ACP Composites • Clearwater Composites • Cytec Solvay Group • DowAksa • Hexcel Corporation • HITCO Carbon Composites

  6. Regional Automotive Composites Market: • On the regional front, the Europe automotive composites market is set to exhibit a growth rate of over 7% through 2026. The product witnesses high demand from European countries including the UK, France, Germany, and Spain. Burgeoning automobile industry and government regulations related to greenhouse gas emissions from vehicles are likely to generate considerable growth prospects for the regional automotive composites business landscape.

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