According to a market report by Lucintel, the future of the global thermoplastic composite for the automotive market looks promising with opportunities in the exterior, interior, power train system, chassis system, and under body system markets. The global thermoplastic composite for the automotive market is expected to grow with a CAGR of 3.3% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight materials to improve fuel efficiency, growing focus on electric and autonomous vehicles globally, and stringent regulations on vehicle emissions and safety standards.
A more than 150-page report to understand trends, opportunity and forecast in thermoplastic composite for the automotive market to 2030 by resin type (PP, PA, PBT, and others), material type (SFT, LFT, GMT, and CFT), fiber type (glass fiber, carbon fiber, and others), application (exterior, interior, power train system, chassis system, under body system, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the fiber type category, glass fiber is expected to witness a higher growth over the forecast period.
Within the application category, interior is expected to witness the highest growth.
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In terms of regions, APAC is expected to witness the highest growth over the forecast period.
Qorvo, Microchip Technology, Broadcom, Analog Devices, Infineon Technologies, Sumitomo Electric Industries, Win Semiconductors are the major suppliers in the thermoplastic composite for the automotive 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
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