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Transportation Composites Global Market 2025: Powerful Growth in Automotive Industry, Strong Focus on Biocomposites
Transportation Composites Global Market Report 2025
The Transportation Composites Global Market Report highlights a remarkable growth rate, predicted market size as well as contributing factors such as current industry trends and key players.
What Is The Projected Market Size Of The Global Transportation Composites Global Market Report 2025 And Its Growth Rate?
Based on recent data, key insights include:
* The market size of transportation composites has grown from $70.01 billion in 2024 to an expected $76.82 billion in 2025, achieving a compound annual growth rate (CAGR) of 9.7%.
* The growth in this period is attributed to automotive industry growth, weight reduction, fuel efficiency goals, safety and crash performance, cost reduction initiatives, advancements in raw materials, increased production efficiency and infrastructure development.
* The transportation composites market size is projected to grow rapidly to $116.89 billion in 2029 at a CAGR of 11.1%.
* Future growth relies on stricter emission standards, urbanization and infrastructure needs, emerging market opportunities, biocomposites adoption, government R&D funding, and rising consumer preferences.
What Is Driving The Growth In The Transportation Composites Global Market Report 2025?
A significant factor driving the growth of the transportation composites market is the enlarging automotive industry, which is involved in the design, development, marketing, and sale of automobiles. The increasing income and standard of living have led to a rise in demand for automobiles. Known for excellent strength and weight reduction in vehicles, transportation composites are widely utilized in this industry. In May 2023, the European Automobile Manufacturers Association (ACEA) stated that the production of global motor vehicles increased by 5.7% in 2022, reaching a total of 85.4 million units compared to 2021. This demand is projected to boost the growth of the transportation composites market.
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Who Are the Key Players Driving Transportation Composites Global Market Report 2025 Growth?
Several dominant companies are contributing to the market growth, such as:
* Hexcel Corporation
* Mitsubishi Chemical Holdings Corporation
* Owens Corning
* Toray Industries Inc.
* Teijin Limited
* Solvay S.A.
* Jushi Group Co. Ltd.
* SGL Carbon SE
* Gurit Holding AG
* Komatsu Ltd.
* DSM N.V.
What Are The Key Trends In The Transportation Composites Global Market Report 2025?
Key trends influencing the market growth include:
* Recyclability and sustainability
* Integration of smart materials
* Strategic partnerships and collaborations
* Advances in resin matrix
What Are The Segments Of The Global Transportation Composites Global Market Report 2025?
The market is segmented by:
* Resin: Thermoset, Thermoplastic
* Material Type: Glass Fiber, Natural Fiber, Carbon Fiber Composite, Aramid Fiber
* Manufacturing Process: Compression Molding, Injection Molding, Resin Transfer Molding, Other Manufacturing Processes
Which Region Leads The Transportation Composites Global Market Report 2025?
In 2024, North America had the largest market share in the transportation composites sector. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Transportation Composites Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Transportation Composites Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Transportation Composites Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Transportation Composites Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Transportation Composites Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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