Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the North American automotive composites market looks promising with opportunities in exterior, interior, power chain system, under body system, electrical and electronics, and chassis system. The global North American automotive composites market is expected to reach an estimated $4.0 billion by 2027 with a CAGR of 6.2% from 2021 to 2027.

The major drivers for this market are 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.

In this market, sheet molding compound (SMC), bulk molding compound (BMC), glass mat thermoplastic (GMT), short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), continuous fiber thermoplastic (CFT), phenolic composites, polyurethane (PU) composites, and natural fiber composites are the major material. 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.

Within the North American automotive composites market, power train system will remain the largest application segment over the forecast period. Interior expected to witness the highest growth over the forecast period due to its increasing uses in automotive industry.

Emerging trends, which have a direct impact on the dynamics of the industry, includes increasing penetration of carbon fiber based SMC, development of low density SMC, and introduction of direct SMC. Owens Corning, Johns Manville Corporation, and Cytec Solvay Group companies are among the major suppliers of North American automotive composites.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global North American automotive composites market by material type, resin type, application, resin group, fiber type, and countries. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global North American automotive composites Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global North American automotive composites market by material type, resin type, application, resin group, fiber type, and countries:








































This 176-page 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 click on this link https://www.lucintel.com/north-american-automotive-composites-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 10 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the North American automotive composites market as by material type (SMC, BMC, LFT, SFT, GMT, CFT, phenolic composites, PU composites, natural composites and other composites), resin type (PP composites, PBT composites, vinyl ester composites, polyester composites, PA composites, epoxy composites, phenolic composites, and other composites), application ( interior, exterior, power chain system, chassis system, under the body systems, electrical and electronics, and others), resin group ( thermoset composites and thermoplastics composites), fiber type (glass fiber composites, carbon fiber composites, and natural fiber composites), and Country ( US, Canada, and Mexico)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.4 What are the business risks and threats to the market?

Q.5 What are the emerging trends in this market and the reasons behind them?

Q.6 What are the changing demands of customers in the market?

Q.7 What are the new developments in the market? Which companies are leading these developments?

Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.10 What M & A activities have taken place in the last 5 years in this market?