Major factor driving growth of the global automotive polymer composites market is increasing vehicle production and growing demand for light weight products for interior and exterior of vehicles. In addition, manufacturers focus on production of highly advanced and fuel efficient vehicles, increasing use of polymer composite material in order to reduce the weight of vehicle is expected to support growth of the global automotive polymer composites market.

The global automotive polymer composites market is segmented on the basis of resin, composite product, application, end user, and region.

The resin type segment of global automotive polymer composites market is segmented on the basis of epoxy, polyurethane, polyamide, polypropylene, polyethylene, polyester, and vinyl ester. The polyurethane type segment is expected to contribute significant revenue share in the global market.

The composite material segment of global automotive polymer composites market is segmented on the basis of carbon fiber, glass fiber, and natural fiber. The carbon fiber segment is expected to contribute significant revenue share in the global market.

The application segment of global automotive polymer composites market is segmented on the basis of interior components, exterior components, structural components, and powertrain components. The exterior components segment is expected to contribute significant revenue share in the global market.

The end user segment of global automotive polymer composites market is segmented on the basis of conventional vehicles, electric vehicles, and trucks & buses.

On the basis of region, the global automotive polymer composites market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

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The automotive polymer composites market in Asia Pacific is expected to account for largest share in the global market in terms of revenue, owing to increasing vehicle production in countries such as India and China, and presence of major manufacturers in countries in the region. The markets in North America and Europe are expected to account for significant revenue shares in the global market. The market in Europe is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to rising spending capacity and presence of major vehicle manufacturers operating in economies in this region.

Key players operating in the global automotive polymer composites market include Cytec Solvay Group, Toray Industries, Inc., SGL Group – The Carbon Company, Teijin Limited, Koninklijke Ten Cate nv, Johns Manville Corporation, Benteler SGL GmbH & Co. KG, Mitsubishi Rayon Co., Ltd., UFP Technologies, Inc., and GURIT Holding AG.