Automotive Composites Market in glass segment to grow at 6.5% CAGR from 2021 to 2027

Middle East & Africa automotive composites market is projected to garner a limited share in the overall industry by the end of 2027. This moderate growth is attributed to the higher dependency of countries in the MEA region on imports for meeting the domestic demand for vehicles.

However, changing government and regulatory landscapes, along with prevailing policies for attracting investment from multi-national conglomerates, are likely to propel market uptake. Additionally, surging demand for premium cars and growing penetration of electric vehicle deployment are estimated to boost regional market development over the projected timeframe.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/338

The automotive composites market has been segmented based on application, fiber, manufacturing process, resin, and region. With respect to fiber, the market has further been divided into natural, glass, and carbon.

The glass sub-segment is speculated to showcase sturdy growth by 2027, progressing at a CAGR of more than 6.5% through the assessment period owing to escalating demand for durable materials from manufacturers. Glass fibers possess relatively higher strength than their counterparts, which is likely to boost product adoption over 2021-2027.

On the resin spectrum, the automotive composites market has been categorized into thermoplastic and thermoset. The thermoplastic sub-segment is poised to exhibit a solid growth trajectory through the analysis timeframe on account of the higher impact resistance of thermoplastics compared to other resins.

In terms of application, the automotive composites market has been bifurcated into structural & powertrain, interior, exterior, and others. The others sub-segment is expected to expand at a CAGR of above 5.2% over the forecast period. Other applications of automotive composites include fender, tailgates, and liftgates, among others. Extensive application of carbon fiber composites in these components of vehicles is set to drive segmental development in the forthcoming years.

Request for a Customization of this research report @ https://www.gminsights.com/roc/338

Partial Chapter of the Table of Content

Chapter 5   Automotive Composites Market, By Resin

5.1    Market share, by resin, 2020 & 2027

5.2    Thermoset

5.2.1    Market estimates and forecast, 2017 – 2027

5.2.2    Market estimates and forecast by region, 2017 – 2027

5.3    Thermoplastic

5.3.1    Market estimates and forecast, 2017 – 2027

5.3.2    Market estimates and forecast by region, 2017 – 2027

Chapter 6   Automotive Composites Market, By Manufacturing Process

6.1    Market share, by manufacturing process, 2020 & 2027

6.2    Compression

6.2.1    Market estimates and forecast, 2017 – 2027

6.2.2    Market estimates and forecast by region, 2017 – 2027

6.3    Injection

6.3.1    Market estimates and forecast, 2017 – 2027

6.3.2    Market estimates and forecast by region, 2017 – 2027

6.4    Resin Transfer Molding [RTM]

6.4.1    Market estimates and forecast, 2017 – 2027

6.4.2    Market estimates and forecast by region, 2017 – 2027

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-composites-market