The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Automotive Composites market size reached USD 5.33 Billion in 2020 and is expected to register a revenue CAGR of 11.2%, during the forecast period , according to latest analysis by Emergen Research.
The Global Automotive Composites Market Research Report provides a brief inclusive overview of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
Increasing awareness among OEMs regarding stringent government regulations and rising demand for electric vehicles are some key factors driving market revenue growth
The cost per kilo of weight saved in vehicle weight reduction techniques would be higher with EVs. In standard drive periods, conventional vehicles use more energy while accelerating, but can also recover kinetic energy during braking and slowing down. A braking energy recovery system is available in SEAT cars, in which the kinetic energy released during slowing, and also when coasting, is turned into electrical energy by means of a specially designed generator, which is similar to a dynamo
A lighter vehicle body enables battery reduction while maintaining range in electric vehicles. Lowering the weight of vehicle body and battery pack has a compounding impact on overall vehicle weight reduction by allowing other components including the brake system and driving trains to be downsized.
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The report also discusses the key players involved in the market such as:
SGL Carbon SE
Toray Industries
Inc.
Mitsubishi Chemical Holdings Corporation
Teijin Limited
Hexcel Corporation
UFP Technologies
Inc.
Solvay SA
Hexion Inc.
Huntsman Corporation
and Gurit Holding
Some Key Highlights from the Report
- Natural fibers segment revenue is expected to expand at a significant rapid CAGR during the forecast period because of its environmental beneficial features. Natural materials including fruits, stalks, and leaves are used to produce these composites. Flax, hemp, kenaf, and jute are examples of natural uses utilized in composites that are used in the production of automotive components.
- Resin Transfer Molding (RTM) segment is expected to register a significant robust revenue growth rate over the forecast period. RTM is a production method for components made from fiber plastic composites. It involves pouring a reaction resin onto the dry, semi-finished fiber parts, and these parts are involved vessel by applying pressure within a closed fiber parts. The method reduces material waste and overall component cycle times by approximately five minutes on average.
- Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to presence of a large number of major market players such as Mitsubishi Chemical Holdings Corporation, Teijin Limited, and Toray Industries, Inc. among others in countries in the region.
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Emergen Research has segmented the global automotive composites on the basis of fiber type, product, resin type, manufacturing process, application, and region:
- Fiber Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Carbon Fiber Reinforced Plastic (CFRP)
- Glass Fiber Reinforced Plastic (GFRP)
- Natural Fiber (NF)
- Product Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Metal Matrix Composites
- Polymer Matrix Composites
- Ceramic Matrix Composites
- Resin Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Thermoset
- Thermoplastics
- Manufacturing Process Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Injection Molding
- Compression Molding
- Resin Transfer Molding (RTM)
- Others
- Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Structural Powertrain
- Interior
- Exterior
- Others
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (US) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America ( Brazil) (Rest of LATAM)
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Table of Contents:
Chapter 1 includes an introduction of the global Automotive Composites Market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the Automotive Composites market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the Automotive Composites market segmentation based on product type and application
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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