The global automotive polymer composites market is anticipated to grow at a CAGR of 4.6% during the forecast period (2022-2028). Automotive polymer composites are defined as automotives made of material combination of a polymer matrix (resin, either thermoset or thermoplastic) and a reinforcing agent, mainly fibers (usually carbon, glass or natural fibers). Thus, they are often referred to as Fiber-Reinforced Plastics (FRP). The rising concerns for reducing the overall weight of vehicles so as to achieve fuel efficiency is anticipated to boost the use of polymer composites in the production of automotive. Though aluminum and steel are more effective in the reduction of the weight of a vehicle, high-performance FRP composites can potentially outperform both aluminum and steel. This is further likely to create lucrative growth opportunities for the global automotive polymer composites market during the forecast period.
A full report Automotive Polymer Composites Market of is available at: https://orionmarketreports.com/automotive-polymer-composites-market/4148/
Another key factor anticipated to boost the market growth in the future years include the improving end-of-life value of composites with the support of optimum recycling of these composite materials. For instance, polyurethanes support in achieving the real-time benefits such as protection, comfort, and energy conservation. Durability, high strength, and lightweight make them an ideal material for use in interior cushioning as well as heat and noise insulation. Further, the market growth is also attributable to the the growing concerns of automobile sector to lower the vehicle emissions. The Original Equipment Manufacturers (OEMs) are working to produce technologically innovative and lightweight vehicle components such as automotive polymer composites that will meet the new emission criteria.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Vehicle Type
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: BASF SE, Solvay SA, and Covestro AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Polymer Composites Market Report by Segment
By Type
- Epoxy
- Polyurethane
- Polyamide
- Polypropylene
- Polyethylene
- Others
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Trucks and Buses
Geographic Coverage
- North America Market Size and/or Volume
- Latin America Market Size and/or Volume
- Europe Market Size and/or Volume
- Asia-Pacific Market Size and/or Volume
- Rest of the world Market Size and/or Volume
Recent Developments
- Market Overview and growth analysis
- Import and Export Overview
- Volume Analysis
- Current Market Trends and Future Outlook
- Market Opportunistic and Attractive Investment Segment
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