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Automotive composites market projects growth of CAGR 12.26% by 2023 illuminated by new report

Automotive composites market projects growth of CAGR 12.26% by 2023 illuminated by new report

Automotive Composites Market Report of 2017 till 2023 has a detailed analysis of the market sector and discusses the corporate profiles in brief. It also derives industry insights and forecast for the Automotive Composites Market.

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Automotive Composites Market Report examines the new and most recent patterns with industry requests and breaking down the estimate in the specific field with industry experiences. The Automotive Composites Market Report is a concise research analysis done about the key company profiles and demographics on the Automotive Composites industry.

The Automotive Composites market is projected to reach USD 13.14 billion by 2022, at a CAGR of 12.26% from 2017to 2022. The key factor expected to drive the growth of the automotive composites market across the globe is the stringent implementation of various regulations such as the Corporate Average Fuel Efficiency (CAFE) standards and the European Emission Standards (EES) formulated by the U.S.

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and European governments, respectively to reduce the CO2 emissions. To comply with these government regulations, the manufacturers of vehicles are using new lightweight materials such as composites for fabricating vehicle bodies.

The high investments associated with the manufacturing of composites are mainly restricting the growth of the automotive composites market across the globe.

Complete report on Automotive Composites Market spread across 148 pages, profiling 12 companies and supported with 70 tables and 50 figures is now available at www.rnrmarketresearch.com/automoti…rket-report.html

Automotive manufacturers are increasingly adopting high-performance carbon fibers to manufacture automotive components as carbon-fiber-reinforced plastics (CFRP) not only reduce the weight of vehicles but also result in their increased stiffness. Thus, the demand for CFRP is increasing among automotive manufacturers as they are used for manufacturing roofs, floor panels, side panels, hood frames, chassis, and bumpers of vehicles.

The Asia-Pacific automotive composites market is projected grow at the highest CAGR during the forecast period. The growth of the automotive composites market in Asia-Pacific region can be attributed to the increasing demand for electric vehicles in the region.

The increased production of electric vehicles is an emerging trend in the automotive industry of the region as these vehicles have high potential to meet the strict government regulations regarding the reduction of CO2emissions. In 2016, China had the largest electric car stock in the world with approximately 3 to 4 million low-speed electric vehicles.

The report provides a comprehensive analysis of the profiles of the companies listed below:

Toray Industries, Inc. (Japan)

SGL Group (Germany)

Solvay S.A. (Belgium)

UFP Technologies, Inc. (U.S.)

Koninklijke Ten Cate B.V. (Netherlands)

Gurit (Switzerland)

Toho Tenax Co., Ltd. (Japan)

Mitsubishi Chemical Corporation (Japan)

Plasan Carbon Composites (U.S.)

Continental Structural Plastics Inc. (U.S.)

Ask for a Sample copy of Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle Type, and Region - Global Forecast to 2022 at www.rnrmarketresearch.com/contacts…le?rname=1201640

List of Tables

Table 1 Trends and Forecast of GDP, USD Billion (2016–2022)
Table 2 Per Capita GDP vs Per Capita Composite Materials Demand, 2016
Table 3 Automotive Production, Million Units (2011-2016)
Table 4 Automotive Composites Market Size, By Fiber Type, 2015–2022 (USD Million)
Table 5 Automotive Composites Market Size, By Fiber Type, 2015–2022 (Kiloton)
Table 6 Carbon Fiber Automotive Composites Market Size, By Region, 2015–2022 (USD Million)
Table 7 Carbon Fiber Automotive Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 8 Glass Fiber Automotive Composites Market Size, By Region, 2015–2022 (USD Million)
Table 9 Glass Fiber Automotive Composites Market Size, By Region, 2015–2022 (Kiloton)
Table 10 Other Fibers Automotive Composites Market Size, By Region, 2015–2022 (USD Million)

List of Figures

Figure 1 Automotive Composites: Market Segmentation
Figure 2 Automotive Composites Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Automotive Composites Market: Data Triangulation
Figure 6 Chassis to Be the Fastest-Growing Application During the Forecast Period
Figure 7 China to Be the Fastest-Growing Automotive Composites Market, 2017–2022
Figure 8 Glass Fiber Composites to Dominate Automotive Composites Market, (2017-2022)
Figure 9 Electric Vehicles to Be the Faster -Growing Vehicle Type in Automotive Composites Market Between 2017 and 2022
Figure 10 Europe to Dominate Automotive Composites Market During the Forecast Period

This report covers the automotive composites market and forecasts the size of the market till 2022. The report includes the segmentation of the automotive composites market based on fiber type, resin type, application, manufacturing process, vehicle type, and region.

The Porter’s five force analysis, along with drivers, restraints, challenges, and opportunities of the automotive composites market have been discussed in the report. The report also provides company profiles and competitive benchmarking adopted by the major players operating in the automotive composites market.

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