Aug 13, 2020 (Heraldkeepers) -- The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include SGL Group, Solvay S.A, UFP Technologies, Inc, Koninklijke Ten Cate B.V, Gurit, Toho Tenax Co. Ltd, Mitsubishi Chemical Corporation, Plasan Carbon Composites, Continental Structural Plastics Inc, Owens Corning, 3B Fiberglass Company, Hexcel Corporation, MubeaCarbo Tech GmbH, Quantum Composites and GMS Composites. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The scope of the report includes a detailed study of Automotive Composites Market with the reasons given for variations in the growth of the industry in certain regions.
The demand for automotive vehicles increases across the world, the demand for top performance vehicles will increase significantly. Automotive makers across the world are focusing on reducing the weight of vehicles. That apart, emission control and improved performance characteristics are the other objectives that world automotive makers aim to achieve. The demand for lightweight materials, like carbon fibre composites, is predicted to increase considerably within the returning years, that is predicted to promote the growth of the automotive composites market in near future.
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The Automotive Composites Market is expected to exceed more than US$ 14 Billion by 2024 at a CAGR of 5.5% in the given forecast period.
The Automotive Composites Market is segmented on the lines of its fibre type, resin type, application, manufacturing process and regional. Basis of fibre type is segmented into Carbon, Glass and Others. Based on resin type it covers Thermoplastic and Thermo set. Basis of application type is segmented into Interior, Exterior, Power train and Chassis. Basis of manufacturing process type is segmented into Compression Molding, Injection Molding, Resin Transfer Molding (RTM) and Others. The Automotive Composites Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, and Rest of World. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
The Automotive Composites Market has been segmented as below:
The Automotive Composites Market is segmented on the lines of Fibre Type, Resin Type, Application, Manufacturing Process and Regional Analysis.
By Fibre Type this market is segmented on the basis of Carbon, Glass and Others. By Resin Type this market is segmented on the basis of Thermoplastic its covers Polypropylene, Polyamide, Polyphenylene Sulfide & Others. Thermoset its covers Polyester, Vinylester, Epoxy & Others. By Application this market is segmented on the basis of Polyester, Vinylester, Epoxy and Others. By Manufacturing Process this market is segmented on the basis of Compression Molding, Injection Molding, Resin Transfer Molding (RTM) and Others. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.
The major driving factors of Automotive Composites Market are as follows:
Increase in the Demand for Lightweight and Fuel-Efficient Vehicles
The major restraining factors of Automotive Composites Market are as follows:
High Production Cost of Composites
This report provides:
1) An overview of the global market for Automotive Composites Market and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Automotive Composites Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
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Table of Contents:
1.1 Report Description
1.2 Markets Covered
2.1 Research Data
2.2 Market Size Estimation and Data Triangulation
2.3 Research Assumptions