PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1596800
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1596800
Automotive Polymer Composites Market Introduction and Overview
According to SPER Market Research, 'Global Automotive Polymer Composites Market Size- By Resin Type, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033', states that the Global Automotive Polymer Composites Market is estimated to reach USD 17.03 billion by 2033 with a CAGR of 5.26%.
Automotive polymer composites are advanced materials that are made by combining polymers with reinforcing fibres, such carbon or glass, to make them stronger, more durable, and lighter. These composites are used in dashboards, body panels, and bumpers, among other vehicle components, to improve performance, safety, and fuel efficiency. Because of their excellent strength-to-weight ratio, they help reduce vehicle weight, which reduces emissions and boosts fuel economy.
The COVID-19 pandemic caused major disruptions to the automotive polymer composites industry due to supply chain delays and manufacturing halts. The closure of car factories and the precipitous drop in vehicle production led to a reduction in the market for composites. Economic instability and decreased consumer spending brought on by the pandemic also hindered market expansion, resulting in a fall in vehicle sales.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Resin Type, By Vehicle Type
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe.
Companies Covered BASF SE, Covestro AG, DuPont, Gurit Services AG, Hexcel Corporation, Johns Manville, Kolon Industries, Mitsubishi Chemical Corporation, Owens Corning, Plasan Sasa Ltd, Pyrophobic Systems Ltd.
Global Automotive Polymer Composites Market Segmentation:
By Resin Type: Based on the Resin Type, Global Automotive Polymer Composites Market is segmented as; Polypropylene, Polyurethanes, Nylon, Polyvinyl Chloride, Abs, Polyethylenes, Polycarbonate, and Other Resins.
By Vehicle Type: Based on the Vehicle Type, Global Automotive Polymer Composites Market is segmented as; Passenger Cars, Light Commercial Vehicles, and Trucks and Buses.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa, and Europe.