Lucintel Forecasts the Composites in the Global Automotive Market to Reach $13 billion by 2030
Lucintel Forecasts the Composites in the Global Automotive Market to Reach $13 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the composites in the global
automotive market looks promising with opportunities in interior, exterior, power train
system, chassis systems, electrical and electronics and under body system
applications. The composite in the global automotive market is expected to reach an
estimated $13 billion by 2031 from $10.2 billion in 2024, at a CAGR of 5% from 2025 to
2031. The major drivers for this market are rise in demand for vehicles that are fuel
efficient and have low carbon emissions and corrosion resistivity and low thermal
expansion.
Browse 107 figures / charts and 68 tables in this 205 -page report to understand trends,
opportunity and forecast in composites in the global automotive market to 2030 by
material compound material (SMC, BMC, GMT, LFT, CFT, and SFT), application
(exterior, interior, power train system, chassis system, electrical and electronics, under
body system, and others), fiber (glass fiber and carbon fiber), resin group (thermoset
resin and thermoplastic resin) and by region.
Lucintel forecasts that powertrain system will remain the largest application segment
and is also expected to witness the highest growth over the forecast period.
SFT expected to witness the largest segment and CFT is expected to witness the
highest growth over the forecast period.
Download sample by clicking on composites in the global automotive market
APAC and ROW is expected to remain the largest region by value and volume also due
to higher penetration of composites in automotive in this region than other region.
BASF, DSM, DuPont, SABIC, and Lanxess are the major suppliers in the composites in
the global automotive market.
This unique research report will enable you to make confident business decisions in this
globally competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than
1000 reports at fraction of cost visit Lucintel's Analytics Dashboard
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust
market & unmet needs analysis. We are based in Dallas, TX and have been a trusted
advisor for 1,000+ clients for over 20 years. We are quoted in several publications like
the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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