Automotive Composites Market Size, Key Players, Demands, Manufacturing Process, Resin Type, Growth and Forecasts to 2028

The automotive composites market size is expected to grow from USD 7.2 billion in 2022 to USD 14.3 billion by 2028 growing at a CAGR of 12.1% between 2023 to 2028. Automotive composites have different applications, such as exterior, interior, powertrain & chassis, and battery enclosures. Advantages like lightweight and high weight to strength ratio make it suitable for fuel efficient vehicle as well as emerging trend of electric cars. These major factors are responsible for the growth of automotive composites market.

Download a FREE Sample Report of the Global Automotive Composites Market Research at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1190764

The report provides a comprehensive analysis of company profiles listed below:

Toray Industries Inc. (Japan),
Teijin Limited (Japan),
Mitsubishi Chemical Holding Corporation (Japan),
Hexcel Corporation (US),
Solvay SA (Belgium),
Owens Cornings (US)
Gurit (Switzerland),
UFP Technologies Ltd. (US),
Huntsman Corporation (US),
Hexion (US)

Automotive composites are materials used in the manufacturing of automotive components and parts, which offer high strength, stiffness, and lightweight properties. The use of composites in the automotive industry has increased in recent years, owing to the need for lightweight materials to reduce fuel consumption and emissions, while maintaining the strength and durability of the vehicles.

The report also highlights the growing use of carbon fiber composites in the automotive industry, owing to their high strength-to-weight ratio, stiffness, and durability. Carbon fiber composites are used in various automotive components such as body panels, chassis, and interiors, to reduce the weight of vehicles and improve their performance.

The Asia Pacific is expected to be the largest market for automotive composites during the forecast period, owing to the growing demand for lightweight materials in the automotive industry in countries such as China, India, and Japan. The region is also home to several major automotive manufacturers, who are increasingly adopting composites in their vehicles.

Direct Purchase of the Global Automotive Composites Market Research Report at https://www.reportsnreports.com/purchase.aspx?name=1190764

In conclusion, the automotive composites market is expected to witness significant growth in the coming years, driven by the increasing demand for lightweight materials in the automotive industry, the growing need for electric vehicles, and the increasing use of carbon fiber composites in automotive components.

+ 1 347 333 3771
sales@reportsandreports.com

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

This release was published on openPR.