North America Automotive Composite Market Size & Outlook
North America automotive composite market, 2016-2027 (US$M)
Related Markets
North America automotive composite market highlights
- The North America automotive composite market generated a revenue of USD 3,977.9 million in 2019.
- The market is expected to grow at a CAGR of 3% from 2020 to 2027.
- In terms of segment, polymer matrix composites was the largest revenue generating product in 2019.
- Metal Matrix Composites is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 3,977.9 million |
| Market revenue in 2027 | USD 5,043.9 million |
| Growth rate | 3% (CAGR from 2019 to 2027) |
| Largest segment | Polymer matrix composites |
| Fastest growing segment | Metal Matrix Composites |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymer Matrix Composites, Metal Matrix Composites, Ceramic Matrix Composites |
| Key market players worldwide | Solvay SA, Toray Industries Inc, SGL Group, Teijin Ltd, Hexcel Corp, Mitsubishi Chemical Group Corp, Berkshire Hathaway Inc Class A, Gurit, Owens-Corning Inc, TPI Composites Inc, Plasan Carbon Composites, GMS Composites, IDI Composites International, Inc., Revchem Composites, Formaplex |
Other key industry trends
- In terms of revenue, North America region accounted for 20.8% of the global automotive composite market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,883.1 million by 2027.
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Automotive Composite Market Scope
Automotive Composite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America automotive composite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive composite market will help companies and investors design strategic landscapes.
Polymer matrix composites was the largest segment with a revenue share of 75.89% in 2019. Horizon Databook has segmented the North America automotive composite market based on polymer matrix composites, metal matrix composites, ceramic matrix composites covering the revenue growth of each sub-segment from 2016 to 2027.
- North America Automotive Composite Product Outlook (Revenue, USD Million, 2016-2027)
- Polymer Matrix Composites
- Glass Fiber Reinforced Polymer Composite
- Natural Fiber Reinforced Polymer Composite
- Carbon Fiber Reinforced Polymer Composite
- Metal Matrix Composites
- Ceramic Matrix Composites
- Polymer Matrix Composites
- North America Automotive Composite Application Outlook (Revenue, USD Million, 2016-2027)
- Interior Components
- Exterior Components
- Structural & Powertrain Components
- Others
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Target buyers of North America automotive composite market databook
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Our clientele includes a mix of automotive composite market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America automotive composite market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive composite market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America automotive composite market size, by country, 2016-2027 (US$M)
North America Automotive Composite Market Outlook Share, 2019 & 2027 (US$M)
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