Lucintel Forecasts The Global European Automotive Composites Market To Reach $3 Billion By 2030

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According to a market report by Lucintel, the future of the global European automotive composites market looks promising with opportunities in the power train systems/engine component, exterior, interior, electrical and electronics, and under body system applications. The global European automotive composites market is expected to reach an estimated $3 billion by 2030 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are increasing automotive production and growing demand for lightweight materials to achieve higher fuel efficiency and reduce greenhouse gas emissions.
Browse 86 figures/charts and 28 tables in this 146-page report to understand trends, opportunity and forecast in European automotive composites market to 2030 by material type (SMC, BMC, GMT, SFT, LFT, CFT, etc), resin type (PA composites, PP composites, polyester composites, etc), fiber type (glass fiber, carbon fiber, etc), resin group (thermoplastic composites and thermoset composites), application (interior, exterior, etc), and countries.
Lucintel forecasts that CFT will remain the largest segment by value and volume.
Lucintel ...
... forecasts that short fiber thermoplastic (SFT) will remain the largest segment by value and volume due to ease of processing and better capability of making parts in complex geometry.
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BASF, Magna International, Lanxess, DSM, Mitsubishi Chemical Group are the major suppliers in the European automotive composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972-636-5056
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