Transportation Composites Market (By Fiber - Glass, Carbon, Natural Fiber. By Resin - Thermoset, Thermoplastic. By Manufacturing Process - Injection Molding Process, Compression Molding Process, Resin Transfer Molding Process (RTM). By Application - Interior, Exterior. By Transportation Type - Airways, Railways, Waterways, Roadways. By Region – North America, Europe, Latin America, Asia Pacific, Middle East and Africa.)- Global industry analysis, size, share, growth, trends and forecast, 2020 – 2030.

The Global Transportation Composites Market was $33.10 Bn in 2020, and it is expected to reach $95.30 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 11.2% between 2020-2030. But the current Pandemic of COVID-19 may make a slight difference in the growth rate in the current year. The Global Transportation Composites Market is primarily driven by the increased demand of the composites in the automotive industry. Increased fuel prices have triggered for the need of fuel-efficient vehicles. The composites are mostly used as a replacement for the aluminum, steel, wood because of its high strength to weight ratio.

Global Transportation Composites Market Is Estimated To Witness Remarkable Growth

Source: SAI Research

The Global Transportation Composites Market has been segmented into fiber, application. By Fiber, the Global Transportation Composites Market is divided into Glass, Carbon, Natural, Others. By Applications, the Global Transportation Composites Market is divided into Interior, Exterior, Others. The interior segment is estimated to witness remarkable growth over the forecasted period because of it is the largest application of the transportation composites.

The Global Transportation Composites Market has been geographically segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Region. In addition to this North America Global Transportation Composites Market is holding the largest market share currently and is estimated to show more growth in the market in the forecasted period. The replacement of the old and inefficient aircraft has given a lot of opportunities for the transportation composites market in North America. But due to the outbreak of COVID-19 in the US and Canada this has drastically affected the aerospace industry in these regions. Due to this  reduce in demand for the transportation composites is expected, till the production facilities of the aircraft starts to operate at full capacities.

Major Players In Global Transportation Composites Market

Major Players in Transportation Composites Market include Hexcel Corporation, Mitsubishi Chemical Holdings Corporation, Owens Corning, Toray Industries, Inc., Teijin Limited, Solvay S.A., Jushi Group Co. Ltd., SGL Group, PPG Industries, Inc., Hunstman Corporation LLC, DuPont, Compagnie de Saint-Gobain S.A., Weyerhaeuser Company, Momentive Performance Materials, Inc.

The Global Transportation Composites Market Has Been Segmented Into:

Global Transportation Composites Market, By Fiber

• Glass
• Carbon
• Natural Fiber
• Others

Global Transportation Composites Market, By Resin

a. Thermoset

• Epoxy
• Polyester
• Vinyl ester
• Others

b. Thermoplastic

• Polyphenylene Sulphide (PPS)
• Polyamide (PA)
• Polypropylene (PP)
• Others

Global Transportation Composites Market, By Manufacturing Process

• Injection Molding Process
• Compression Molding Process
• Resin Transfer Molding Process (RTM)
• Others

Global Transportation Composites Market, By Application

• Interior
• Exterior
• Others

Global Transportation Composites Market, By Transportation Type

a. Airways

• Civil
• Defense

b. Railways

• Metros And Monorails
• Passenger Rails
• High Speed And Bullet Trains

c. Waterways

• Powerboat
• Sailboat
• Cruise Ship
• Others

d. Roadways

• Automotive
• Recreational Vehicles
• Bus, truck, other heavy vehicles

Global Transportation Composites Market, By Region

• North America
• USA
• Canada
• Mexico
• Rest of North America
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific
• Latin America, Middle East & Africa
• Brazil
• South Africa
• UAE
• Rest of LAMEA