Market Share of Asia-Pacific Automotive Composites Industry
The Asia-Pacific Automotive Composites Market is fragmented, with many players accounting for a small market share. Some of the prominent companies in Asia-Pacific Automotive Composites Market are 3B-Fiberglass, Solvay, BASF, Teijin and others. The major players in the country are entering into strategic partnership with global leaders to gain considerable market share.
For instance, in February 2020, Anand Group entered into a partnership with Far-UK to development of carbon fiber composites. The collaboration will focus on bringing out innovative solutions suited for reducing emissions. The product has the potential for Light Weighting in vehicles by almost 50%, with strength matching that of high strength alloy steel at the weight of aluminum.
APAC Automotive Composites Market Leaders
3B-Fiberglass
Solvay
Teijin
Gurit
BASF
*Disclaimer: Major Players sorted in no particular order
