Press release
Automotive Polymer Composites Market Expected to Climb to USD 17.23 Billion by 2034 with a 4.9% CAGR
Automotive Polymer Composites Market
The global automotive polymer composites market size was valued at USD 10.69 billion in 2024. It is anticipated to generate an estimated revenue of USD 17.23 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust CAGR of 4.9% over the forecasted timeframe of 2025-2034.
Market Overview
A composite is made up of strong fibers, such as carbon or glass, embedded in a matrix material, like an epoxy polymer. When combined, these materials provide enhanced properties compared to the individual substances on their own. Polymer composite substances may have massive benefits as they can be applied to make vehicles lightweight, secure, and more efficient.
Carbon fiber composites and glass fiber are lightweight and have elevated firmness, while thermoset and thermoplastic composites provide heat resistance and flexibility. Natural fibre composites are gaining popularity for their sustainability and lesser ecological influence. This merger of lightweightness and sustainable substances has transformed vehicle design, improving productivity and invention.
Request For a Sample with An Exclusive Look at the Latest Trends and Upcoming Advancements:
https://www.polarismarketresearch.com/industry-analysis/automotive-polymer-composites-market/request-for-sample
Market Drivers
• Advancements in Electric Vehicles: The advancement of electric and independent vehicles is pushing the demand for lightweight and solid materials as these automobiles require advanced components with improved presentation possibilities. As per the International Energy Agency, in 2023, electric vehicle enrolment in the US reached 1.4 million with over 40% growth from 2022. Polymer composites are increasingly used for battery enclosures to decrease weight and enhance thermal handling, which is important for magnifying scope and productivity in electric vehicles, propelling the automotive polymer composites market growth.
• Growing Government Emission Directives: Governments globally are playing a crucial part in driving the acquisition of stringent discharge directives and sustainability enterprises. In March 2024, the Environmental Protection Agency concluded stricter Multi-Pollutant Emissions Standards for moderate duty and undemanding vehicles commencing with model year 2027.
Need More Information? Inquire more about this report before purchase:
https://www.polarismarketresearch.com/industry-analysis/automotive-polymer-composites-market/inquire-before-buying
Competitive Landscape
The aggressive topography of the market is portrayed by the presence of several global and regional contenders concentrated on invention, product advancement, and tactical alliances to improve their market position. Some of the prominent players operating in the market include:
• BASF
• Covestro AG
• DuPont
• Gurit Services AG
• Hexcel Corporation
• Johns Manville. A Berkshire Hathaway Company
• KOLON Corp.
• Mitsubishi Chemical Group Corporation
• Owens Corning
• Plasan
• SGL Carbon
• Solvay
• Toray Industries
Regional Analysis
Europe accounted for the largest automotive polymer composites market share in 2024, owing to the region's strict ecological directives and a robust focus on reducing vehicle discharge. European automakers are increasingly obtaining lightweight materials such as polymer composites to confront these levels and enhance fuel efficiency.
Asia Pacific observed a notable surge due to accelerating automation , the growing automotive industry, and the rising demand for lightweight vehicles.
Browse Full Report:
https://www.polarismarketresearch.com/industry-analysis/automotive-polymer-composites-market
Segmental Outlook
Polaris Market Research has segmented the automotive polymer composites market report on the basis of material, manufacturing process, product, application, and end use:
By Material Outlook
• Epoxy
• Polyurethane
• Polyamide
• Polypropylene
• Polyethylene
• Polyester
• Vinyl Ester
• Others
By Manufacturing Process Outlook
• Compression Molding
• Injection Molding
• Sheet Molding
• Resin Transfer Molding
By Product Outlook
• Glass Fiber Reinforced Polymer Composite
• Natural Fiber Reinforced Polymer Composite
• Carbon Fiber Reinforced Polymer Composite
By Application Outlook
• Interior Components
• Exterior Components
• Structural Components
• Powertrain Components
By End Use Outlook
• Conventional Vehicles
• Electrical Vehicles
• Trucks & Buses
Top Trending Reports of Polaris Market Research:
OTA Testing Market:
https://www.polarismarketresearch.com/industry-analysis/ota-testing-market
AI Robot Dog Market:
https://www.polarismarketresearch.com/industry-analysis/ai-robot-dog-market
Very Small Aperture Terminal (VSAT) Market:
https://www.polarismarketresearch.com/industry-analysis/very-small-aperture-terminal-market
Offsite Data Center Power Infrastructure Market:
https://www.polarismarketresearch.com/industry-analysis/offsite-data-center-power-infrastructure-market
Cloud FinOps Market:
https://www.polarismarketresearch.com/industry-analysis/cloud-finops-market
Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Polymer Composites Market Expected to Climb to USD 17.23 Billion by 2034 with a 4.9% CAGR here
News-ID: 3959599 • Views: …
More Releases from Polaris Market Research & Consulting
Captive Portal Market Projected to Reach USD 6.55 Billion by 2034, Growing at a …
Captive Portal Market
Polaris Market Research has released new insights into the Captive Portal Market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
The global captive portal market size was valued at USD 1.86 billion in 2024, growing at a CAGR of…
Battery Simulation Software Market Projected to Hit USD 6.18 Billion by 2034, Ex …
Battery Simulation Software Market
Polaris Market Research has released new insights into the Battery Simulation Software Market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
The global battery simulation software market size was valued at USD 1.84 billion in 2024, growing…
4D Imaging Radar Market Projected to Reach USD 14.00 Billion by 2034, Growing at …
4D Imaging Radar Market
Polaris Market Research has released new insights into the 4D Imaging Radar Market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
The global 4D imaging radar market size was valued at USD 2.82 billion in 2024, and is…
U.S. Natural Stone Market Projected to Hit USD 3.08 Billion by 2034, Growing at …
Polaris Market Research has released new insights into the U.S. Natural Stone market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
U.S. Natural Stone Market size and share is currently valued at USD 2.09 billion in 2024 and is anticipated to…
More Releases for Polymer
Advanced Polymer Composites Market Share and Growth | Advanced Polymer Composite …
The advanced polymer composites market size is predicted to show rapid expansion due to the rising adoption of advanced polymer composites by the automotive sector. Fortune Business InsightsTM has presented this information in its upcoming report titled, "Advanced Polymer Composites Market, 2022-2029". Advanced polymers, on the other hand, offer high stiffness, mechanical strength, and other qualities, making them an excellent alternative for the automobile industry.
COVID-19 Impact -
Over the last few…
Opaque Polymer Market 2021 Strategic Assessment - Arkema, Ashland, Dow, En-Tech …
Global Opaque Polymer Market – Growth, Trends, And Forecast (2021 – 2025)
The report presents an in-depth assessment of the Global Opaque Polymer including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Opaque Polymer investments from 2021 till 2025.
The market for opaque polymer is expected to grow…
Silyl Modified Polymer (MS Polymer) Market Forecast Research Reports Offers Key …
Silyl Modified Polymer (MS Polymer) Market: Introduction
MS polymers, also known as silyl modified polymers or silyl terminated polymers, are polymers with a silane group. A silyl modified polymer (MS polymer) usually refers to a hybrid polymer backbone, usually polyurethane or polyether and a silane end group. Formulators can change the backbone polymer in sealants and adhesives utilizing MS polymers to match the specified application, achieving silicone-like performance while avoiding the…
Silyl Modified Polymer (MS Polymer) Market Applications, Key Players, Regions 20 …
Silyl Modified Polymer (MS Polymer) Market: Introduction
MS polymers, also known as silyl modified polymers or silyl terminated polymers, are polymers with a silane group. A silyl modified polymer (MS polymer) usually refers to a hybrid polymer backbone, usually polyurethane or polyether and a silane end group. Formulators can change the backbone polymer in sealants and adhesives utilizing MS polymers to match the specified application, achieving silicone-like performance while avoiding the…
Lithium Polymer Battery Market
Lithium polymer (LiPo) battery or more accurately known as lithium ion polymer battery is a rechargeable battery found in a pouch format. LiPo battery uses polymer electrolyte instead of commonly used liquid electrolyte. This battery primarily works on the principle of de-intercalation and intercalation of lithium ions from positive electrode materials to negative electrode materials. For the purpose of providing detailed analysis, global lithium polymer battery market can be segmented…
Polymer Concrete Market: Polyester Currently the Preferred Choice for Manufactur …
According to a latest report based on polymer concrete titled “Polymer Concrete Market: Global Industry Analysis and Opportunity Assessment, 2017-2027” submitted recently to the database of Market Research Hub (MRH), the global market for polymer concrete has been estimated to generate a value of nearly US$ 692 Mn by the end of 2027. The report is a comprehensive look at the global polymer concrete market analyzing historical trends and forecasting the…
