PUBLISHER: QYResearch | PRODUCT CODE: 1128913
PUBLISHER: QYResearch | PRODUCT CODE: 1128913
Due to the COVID-19 pandemic, the global Automotive Glass Fiber Composites market size was value at US$ 3887.59 million in 2021 and is forecast to be a readjusted size of US$ 5983.67 million by 2028 with a CAGR of 5.80% during the forecast period 2022-2028.
The global main manufacturers of Automotive Glass Fiber Composites include BASF, Lanxess, DSM, SABIC, Avient, DuPont, DOMO Chemicals (Solvay), Hexion, and Celanese, etc. In 2021, the global six largest players have a share approximately 35.56% in terms of revenue.
The North America Automotive Glass Fiber Composites market size was US$ 879.79 million in 2021, while China was about US$ 945.93 million. The proportion of the China was 24.33% in 2021 and it is predicted that the share will reach 32.36% in 2028, trailing a CAGR of 10.16% through the analysis period. As for the Europe Automotive Glass Fiber Composites landscape, Germany is projected to reach US$ 334.98 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 5.88% and 5.86% respectively for the next 6-year period.
Fully considering the economic change by the COVID-19, Thermosetting Plastic Products accounting for 44.43% of the Automotive Glass Fiber Composites global market in 2021, is projected to value US$ 2517.42 million by 2028, growing at a revised 4.96% CAGR from 2022 to 2028. While Automotive Body and Roof Panels segment is altered to an 5.35% CAGR throughout this forecast period and will hold a share about 19.52% in 2028.
The global Automotive Glass Fiber Composites market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Glass Fiber Composites market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.