Press release
Market Trend Insights: The Impact of Recent Innovations on the Automotive Composites Market
Automotive Composites Market
Projected Growth and Market Size of the Automotive Composites Industry
The automotive composites market is anticipated to experience substantial growth, reaching a valuation of $14.23 billion by 2030. This expansion corresponds to a robust compound annual growth rate (CAGR) of 9.5%. Factors driving this growth include the rising production of electric vehicles (EVs), efforts to optimize battery range, innovations in recyclable composites, demand for stronger materials, and the development of advanced molding technologies. Key trends shaping this period involve greater adoption of lightweight materials, increased use of carbon fiber, growth in structural composite applications, the embrace of sustainable composites, and integration of these materials into EV platforms.
Download a free sample of the automotive composites market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17071&type=smp
Top Players Leading the Automotive Composites Market
Several prominent companies dominate the automotive composites landscape, including BASF SE, Compagnie de Saint-Gobain S.A, Toray Industries Inc., DuPont de Nemours Inc., Owens Corning Corporation, Lanxess AG, Teijin Ltd., Solvay S.A., Avient Corporation, Johns Manville Corp., Hexcel Corporation, SGL Carbon India Private Limited, Gurit (Tianjin) Composite Material Co. Ltd., Momentive Performance Materials Inc., UFP Technologies Inc., Exel Composites plc, Mitsubishi Chemical Carbon Fiber and Composites Inc., Sigmatex Limited, Composites Evolution Ltd., and Innegra Technologies LLC.
A notable development occurred in September 2023, when Michelin, the French tire manufacturer, acquired Flex Composite Group for $754.22 million (€700 million). This deal combines Michelin's strong innovation and research capabilities with Flex Composite Group's expertise in polymer composite manufacturing and customer engagement. Flex Composite Group, based in France, specializes in advanced automotive composite materials.
Emerging Trends Boosting the Automotive Composites Market
Innovation is at the core of growth in this market, particularly the advancement of glass fiber composite technology. This involves embedding glass fibers in a resin matrix to create materials that are both lightweight and strong, ideal for automotive components. For example, in June 2024, the India-based Navrattan Group unveiled the E-Bus, constructed using composite fiber materials. By employing high-quality glass fiber composites alongside integrated manufacturing processes, this electric bus achieves a significant reduction in body and gross vehicle weight, improving overall performance and efficiency.
View the full automotive composites market report:
https://www.thebusinessresearchcompany.com/report/automotive-composites-global-market-report
Expanding the Scope: How the Automotive Composites Market Is Categorized
The automotive composites market is segmented in multiple ways to cover the diversity of materials, processes, and applications. These include:
1) Material Types: Glass Fiber Composites, Natural Fiber Composites, Carbon Fiber Composites, Aramid Fiber Composites, and Other Materials
2) Resin Types: Thermoplastic and Thermoset
3) Manufacturing Processes: Compression Molding, Injection Molding, Resin Transfer Molding (RTM), and Other Methods
4) Application Areas: Exterior components, Interior parts, Structural and Powertrain elements, and Other uses
Further breakdowns include subcategories such as:
- Glass Fiber Composites: E-Glass Composites and S-Glass Composites
- Natural Fiber Composites: Hemp, Jute, and Flax Fiber Composites
- Carbon Fiber Composites: Continuous Carbon Fiber and Short Carbon Fiber Composites
- Aramid Fiber Composites: Kevlar-Based and Twaron-Based Composites
- Other Materials: Basalt Fiber Composites and PEEK ket*one) Composites
This detailed segmentation highlights the broad array of materials and processes contributing to the versatility and expanding applications of automotive composites in modern vehicle design.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Market Trend Insights: The Impact of Recent Innovations on the Automotive Composites Market here
News-ID: 4381752 • Views: …
More Releases from The Business Research Company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Composite
Composite Veneering System Market Advanced Composite Technologies Through 2034
Rising Preference for Natural-Looking Dental Restorations and High-Performance Veneering Materials Accelerates Global Adoption
Pune, India - Exactitude Consultancy - The Global Composite Veneering System Market is expanding rapidly as dental professionals increasingly choose advanced composite-based veneering materials over traditional porcelain veneers. Composite veneering systems-known for their durability, aesthetics, cost-effectiveness, and minimally invasive application-have become essential in cosmetic dentistry for smile corrections, restorative enhancements, and chairside veneer fabrication.
Teaser / Snippet
Composite veneering systems…
Composite Rebar Market
The "Composite Rebar Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Composite Rebar Market, 2024-2031
Verified Market Research's most recent report, "Composite Rebar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Construction Composite Market: Building for the Future with Advanced Composite M …
Coherent Market Insights added the statistic report, titled "Construction Composite Market Recent Trends, In-depth Analysis, Size and Forecast 2023-2030". The Construction Composite report includes an overview of the competitive landscape, geographic segmentation, innovation, and future developments, as well as a collection of tables and data. An examination of the competitive landscape reveals information about each vendor, including company profile, total revenue (financials), market potential, global presence, revenue, market share, pricing,…
Composite Core Mastery: Unleashing the Potential of Advanced Core Materials in C …
Core Material for Composites Market 2023 Forecast: Unveiling Opportunities and Growth
Core Material for Composites Market research report helps to recognize the market challenges and opportunities. Global Core Material for Composites Market report contains the recent forecast research for the predicted period. The report extensively offers the latest information about the technological developments and market growth prospect on the basis of the regional landscape. This Report offers a complete evaluation of…
Composite Resin
According to a new market research report published by Global Insight Services "Composite Resin Market" is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Download Sample of Report : https://www.globalinsightservices.com/request-sample/GIS20852
Composite resin…
Assured Composite® Presents the Best of Composite Decking
Assured Composite® ensures customer happiness by providing high-quality wood plastic composite decking, to consumers across the United Kingdom and beyond.
Leicestershire, England - UK | January 25, 2022 -- Customer satisfaction is ensured by Assured Composite®, which provides high-quality wood plastic composite decking, to customers in the United Kingdom and beyond. Because of their forward-thinking staff's attention to efficiency, quality, and customer service, customers can anticipate a hassle-free end-to-end solution at…
