Automotive Composites Market to Reach $16.4 billion, Globally, by 2032 at 8.3% CAGR: Allied Market Research [Yahoo! Finance]
Hexcel Corporation (HXL)
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Source: Yahoo! Finance
WILMINGTON, Del. April 11, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, Automotive Composites Market by Fiber Type (Glass Fiber, Carbon Fiber, and Others), Resin Type (Thermoset and Thermoplastic), and Application (Exterior, Interior, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032" . According to the report, the "automotive composites market" was valued at $7.4 billion in 2022, and is estimated to reach $16.4 billion by 2032, growing at a CAGR of 8.3% from 2023 to 2032. Prime determinants of growth The global automotive composites market is driven by rapid technological advancements. Advances in composite manufacturing technologies are making them more cost-effective and suitable for mass production. Processes like automated fiber placement and resin transfer molding are improving efficiency and reducing production costs. Furthermore, the rise of electric vehicles is creating new opportunities for composites. EV manufacturers
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News
- Hexcel First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Hexcel Co. (NYSE: HXL) had its price target lowered by analysts at UBS Group AG from $77.00 to $73.00. They now have a "neutral" rating on the stock.MarketBeat
- Hexcel Corporation (NYSE:HXL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Earnings Update: Hexcel Corporation (NYSE:HXL) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Hexcel's (HXL) Q1 Earnings Match Estimates, Sales Miss [Yahoo! Finance]Yahoo! Finance
HXL
Earnings
- 4/22/24 - In-Line
HXL
Sec Filings
- 4/22/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/9/24 - Form DEFA14A
- HXL's page on the SEC website