Lucintel Forecasts North American Automotive Composites Market To Reach $4 Billion By 2030

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According to the recent study the North American automotive composites market is projected to reach an estimated $4 billion by 2030 from $3 billion in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by increase in production of passenger cars and light commercial vehicles are expected to boost composites material materials in the automotive industry in the next five years and increase usage of composites in chassis, insulating panels, casing, mufflers, and sound insulation parts of the vehicles.
Browse 84 figures/charts and 44 tables in this 176-page report to understand trends, opportunities and forecast in North American automotive composites market by material type (SMC, BMC, LFT, SFT, GMT, CFT, etc), resin type (PP composites, PBT composites, etc), application (interior, exterior, power chain system, etc), resin group (thermoset composites and thermoplastics composites), fiber type (glass fiber composites, carbon fiber composites, etc), and Countries.
Lucintel forecasts that short fiber thermoplastic (SFT) North American automotive composites is expected to remain the largest ...
... segment and continuous fiber thermoplastic (CFT) composites segment is expected to witness the highest growth in the forecast period.
Exterior will remain the largest application segment and is also expected to witness the highest growth over the forecast period due to its increasing usage in automotive industry.
Download sample by clicking on North American automotive composites market
Owens Corning, Johns Manville Corporation, Cytec Solvay Group are among the major North American automotive composites providers.
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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