Lucintel Forecasts the Global European Automotive Composites Market to Reach $3 Billion by 2030
Lucintel Forecasts the Global European Automotive Composites Market to Reach $3 Billion by 2030
Blog Article
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 107 figures/charts and 68 tables in this 205-page report to understand trends, opportunity and forecast in European automotive composites market to 2030 by material type (SMC, BMC, GMT, SFT, LFT, and CFT), resin type (PP composites, PBT composites, vinyl ester composites, PA composites, epoxy composites, polyester composites, phenolic composites, and others), fiber type (glass composites, carbon composites, and natural fiber composites), resin group (thermoplastic composites and thermoset composites), application (exterior, interior, power train system/electrical components, underbody system, electrical and electronics, and others), and country (Germany, Spain, France, UK, and Italy).
Lucintel forecasts that CFT will remain the largest segment by value and volume.
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.
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 [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972-636-5056