Us Glass Fiber in Automotive Composites Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Glass Fiber in Automotive Composites Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
US Glass Fiber in Automotive Composites Market: A Revolution in Lightweight, Durable Materials
The US glass fiber in automotive composites market is experiencing a significant surge in demand as automakers increasingly focus on lightweight, durable materials to meet fuel efficiency and environmental goals. Glass fiber composites offer a unique blend of strength, corrosion resistance, and reduced weight, making them ideal for the automotive sector.
Automotive manufacturers are turning to glass fiber composites as a solution to achieve stringent fuel efficiency regulations, reduce carbon footprints, and enhance vehicle performance. These composites are being used in a wide range of applications, including body panels, interior parts, and structural components. The benefits of using glass fiber over traditional materials are numerous, from better impact resistance to improved thermal stability, all while contributing to the reduction of overall vehicle weight.
Market growth is being driven by several key factors, including advancements in manufacturing processes, such as the development of new resin systems that improve the material’s strength and durability. The growing trend of electric vehicles (EVs) also plays a pivotal role, as automakers seek ways to offset the weight of heavy batteries with lightweight composite materials.
Furthermore, the market for glass fiber in automotive composites is bolstered by increasing consumer demand for vehicles that combine high performance with sustainability. This shift is influencing automotive companies to prioritize the use of eco-friendly materials like glass fiber, which are not only lightweight but also recyclable, contributing to the circular economy.
In terms of regional growth, the US leads the charge in implementing glass fiber composites, with several major automotive companies in the region making substantial investments in these materials. The demand for glass fiber composites is expected to continue rising, fueled by the ongoing push for innovation in vehicle design and the industry's focus on achieving a greener future.
The impact of technologies like 100 Gigabit Fiber Optic Transceiver Market is also influencing the adoption of advanced composites in automotive manufacturing. This cross-sector synergy in technology continues to accelerate the pace of transformation in the automotive industry.
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CPIC
Johns Manville
Jushi Group
Lanxess
Owens Corning
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Glass Fiber in Automotive Composites Market
E-Glass Fiber
S-Glass Fiber
Advantex Glass Fiber
Other Specialty Glass Fibers
Body Panels
Chassis Components
Interior Parts
Electrical Components
Others
Hand Lay-Up
Spray-Up
Resin Transfer Molding (RTM)
Filament Winding
Compression Molding
Thermoset Matrix
Thermoplastic Matrix
Passenger Vehicles
Commercial Vehicles
Electric Vehicles (EVs)
Luxury Cars
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Glass Fiber in Automotive Composites Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Glass Fiber in Automotive Composites Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glass Fiber in Automotive Composites Market, By Type
6. Global Glass Fiber in Automotive Composites Market, By Application
7. Global Glass Fiber in Automotive Composites Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Glass Fiber in Automotive Composites Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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