MEA Automotive Glass Fiber Composites Industry Overview
The India automotive glass fiber composites market is fragmented with existing market players such as Solvay Group, 3B (Braj Binani Group), Owens Corning, Veplas Group, and SAERTEX GmbH & Co.KG, who holds the most significant shares. To have the edge over its competitors' companies are making joint-ventures, partnerships, launching new products with advanced technology.
For instance, In June 2019, Morocco saw its first African plant in the city of Kenitra. This new facility will manufacture Electric Power Steering (EPS) systems for Group PSA, as well as Driveline systems for FCA, Groupe PSA, and Renault-Nissan-Mitsubishi Alliance. The company expects to hire around 500 people at the Kenitra plant by 2020.
MEA Automotive Glass Fiber Composites Market Leaders
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3B-Fiberglass
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Base Group
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BASF
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Gurit
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Cytec Industries, Inc.
- *Disclaimer: Major Players sorted in no particular order
