Automotive Exterior Composites Market Overviews
Automotive Exterior Composites Market size was valued at US$ 11.89 Bn. in 2023 and the total revenue is expected to grow at 5.20% through 2024 to 2030, reaching nearly US$ 16.96 Bn. by 2030.
The automotive exterior composites market is one of the prime spots in the composite industry as it garners the sheer interest of many of the global players. The exterior is currently the second largest market share of automotive components behind the lower part of the hood and accounts for more than a quarter of the total market.
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Automotive Exterior Composites Market Scope and Methodology:
The Automotive Exterior Composites Market is expected to flourish in the coming years due to its various benefits such as high strength and weight of composite components, excellent surface finish, excellent rust and abrasion resistance, and durability. The combined effects of the above-mentioned products offer various benefits to car manufacturers as these features not only help car manufacturers meet stricter rules for improving fuel efficiency and reducing carbon emissions but also provide durable components and the benefit of minimal maintenance, costs. It is expected that there will be a permanent replacement of the metal parts and composites, especially in the external services, in the expected future.
Automotive Exterior Composites Market Regional Insights
North America is expected to remain the largest market for foreign car compounds at the time of forecasting. The high penetration of compounds combined with healthy car production, especially in the USA and Mexico is driving the regional market. The USA is likely to maintain its regional dominance during the forecast period, while Mexico will continue to register healthy growth at the same time, driven by its sound policies that attract car manufacturers to invest in the region.
Automotive Exterior CompositesMarket Segmentation
Injection moulded composites: Injectable Composition Compounds refer to the process by which building materials are mixed and heated to make them easier to mould. This is achieved by improving the efficiency of the asset, which makes it possible for high-speed production with increasing compliance from component to component. In addition, these compounds allow for greater design freedom due to their ease of production.
Automotive Exterior Composites Market Key Players
Celanese (US)
DSM (Switzerland)
DowDuPont (US)
Huntsman Corporations (US)
Ashland Performance Materials (US)
LyondellBasell (Netherlands)
Owens Corning (US)
AOC Resins (Switzerland)
Plastic Omnium (France)
Samvardhana Motherson Group (India)
Denso Corporation (Japan)
Rochling Group (Germany)
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Key questions answered in the Automotive Exterior Composites Market are:
- What is Automotive Exterior Composites ?
- What was the Automotive Exterior Composites market size in 2023?
- What is the growth rate of the Automotive Exterior Composites Market?
- Which are the factors expected to drive the Automotive Exterior Composites market growth?
- What are the different segments of the Automotive Exterior Composites Market?
- What growth strategies are the players considering to increase their presence in Automotive Exterior Composites ?
- What are the upcoming industry applications and trends for the Automotive Exterior Composites Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Exterior Composites Market?
- Who are the leading companies and what are their portfolios in Automotive Exterior Composites Market?
- What segments are covered in the Automotive Exterior Composites Market?
- Who are the key players in the Automotive Exterior Composites market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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