Automotive Composites Market – Global Forecast to 2034
The automotive composites market is estimated at USD 9.69 billion in 2024 and is projected to reach USD 37.54 billion by 2034, at a CAGR of 14.5% from 2024 to 2034. In terms of value, glass fiber type dominated the global automotive composites market and expected to continue this trend over the upcoming years.
自動車用複合材料市場は、2024 年に 96 億 9,000 万米ドルと推定され、2024 年から 2034 年までの CAGR は 14.5% で、2034 年までに 375 億 4,000 万米ドルに達すると予測されています。金額の面では、ガラス繊維タイプが世界の自動車用複合材市場を支配しており、今後も期待されています。この傾向は今後数年間も継続する予定です。
The report provides a comprehensive analysis of company profiles:
Prominent companies include Toray Industries, Inc. (Japan), SGL Carbon (Germany), POLYTEC HOLDING AG, ElringKlinger AG (Germany), Syensqo (Belgium), HENGRUI CORPORATION (HRC) (China), Exel Composites (Finland), Teijin Limited (Japan), Mitsubishi Chemical Group Corporation (Japan), Piran Advanced Composites (UK), IDI Composites International (US), and Röchling SE & Co. KG (Germany).
The report provides insights on the following pointers:
- Analysis of key drivers (Increase in demand for lightweight vehicles, rising usage of cost-efficient natural fibers in automotives), restraints (High processing cost, Lack of technological advancements), opportunities (Growing stringent government regulations), and challenges (Recyclability of automotive composites) influencing the growth of the automotive composites market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in automotive composites market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the automotive composites market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the automotive composites market
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Toray Industries, Inc. (Japan), SGL Carbon (Germany), POLYTEC HOLDING AG, ElringKlinger AG (Germany), Syensqo (Belgium), HENGRUI CORPORATION (HRC) (China), Exel Composites (Finland), Teijin Limited (Japan), Mitsubishi Chemical Group Corporation (Japan), Piran Advanced Composites (UK), IDI Composites International (US), and Röchling SE & Co. KG (Germany), among others in the automotive composites market.