Growth opportunities of glass fiber in the global automotive composites market to reach $2.7 billion by 2022

IRVING, Texas, Feb. 28, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the future of glass fiber in the global automotive composites market looks good with opportunities in various applications such as exterior, interior, power train system/engine components, chassis system, electrical and electronics, under body system, and others. Glass fiber in the global automotive composites market is expected to reach an estimated $2.7 billion by 2022 and it is forecast to grow at a CAGR of 5.7% from 2017 to 2022.

This report has 122 figures/charts and 49 tables spread through 227 pages. For more detail on this report please click link http://www.lucintel.com/glass_fiber_automotive_composites_market.aspx

Europe is expected to remain the largest market due to higher penetration of composites in automotive than other region. Government regulations, such as CAFÉ Standards in the US and carbon emission targets in Europe, are putting pressure on OEMs to incorporate light-weight materials to curb the overall vehicle weight, and this is the key driver for glass fiber in the automotive industry.

Emerging trends, which have a direct impact on the dynamics of the industry, include strategic alliances between OEMs, glass fiber, and resin suppliers in the automotive composites industry. Owens Corning, Jushi Group Co, CPIC, Johns Manville, and Lanxess are among the major suppliers of glass fiber in the global automotive composites market.

Download Free PDF Report Brochure here http://www.lucintel.com/rb/glass_fiber_automotive_composites_market.aspx 

The study includes a forecast for glass fiber in the global automotive composites market by application, intermediate material, by products, by country and by region as follows:

By Application Type (Value ($M) and Volume (M lbs) from 2011 to 2022):

• Interior
• Exterior
• Under the body systems
• Chassis System
• Power train system/Engine Components
• Electrical and Electronics
• Others

By Intermediates Type (Value ($M) and Volume (M lbs) from 2011 to 2022):

• 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 Molding Compound (PMC)
• Others

By Product Type (Value ($M) and Volume (M lbs) from 2011 to 2022)

• Chopped
• Roving

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

Tushita Roy  
Sr.Manager – Client Engagement  
The Netherlands  
+31-6-82270883 
Skype- Tushita.roy_lucintel 
Email- [email protected]

SOURCE Lucintel

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