Automotivecomposites market will reach an estimated valuation of USD 24.58 Billion by2027, while registering this growth at a rate of 12.40% for the forecast periodof 2020 to 2027. Automotive composites market report analyses the growth, whichis currently being growing due to the rising demand of compact, light and shockresistant cars in the market.
Risingpreferences towards fuel efficient vehicles, growing demand of environmentalfriendly electric vehicle, growing applications of natural fiber composites aresome of the factors which will likely to enhance the growth of the automotivecomposites market in the forecast period of 2020-2027. On the other hand,strict government regulations regarding the usage of lightweight materialswhich will further boost various opportunities that will lead to the growth ofthe automotive composites market in the above mentioned forecast period.
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High cost ofproduction along with unavailability of advanced technological product indeveloping economies which will likely to hinder the growth of the automotivecomposites market in the above mentioned forecast period.
Thisautomotive composites market report provides details of new recentdevelopments, trade regulations, import export analysis, production analysis,value chain optimization, market share, impact of domestic and localised marketplayers, analyses opportunities in terms of emerging revenue pockets, changesin market regulations, strategic market growth analysis, market size, categorymarket growths, application niches and dominance, product approvals, productlaunches, geographical expansions, technological innovations in the market. Togain more info on automotive composites market contact Data Bridge MarketResearch for an Analyst Brief, our team will help you take an informed marketdecision to achieve market growth.
Automotivecomposites market is segmented on the basis of fiber type, resin type,manufacturing process, vehicle type and application. The growth amongst thedifferent segments helps you in attaining the knowledge related to thedifferent growth factors expected to be prevalent throughout the market andformulate different strategies to help identify core application areas and thedifference in your target markets.
On the basisof fiber type, automotive composites market is segmented into carbon fiberautomotive composites, glass fiber automotive composites, and other fibersautomotive composites.
Based onresin type, automotive composites market is segmented into thermoset automotivecomposites, and thermoplastic automotive composites. Thermoset automotivecomposites have been further segmented into polyester resin, vinyl ester resin,epoxy resin, and others. Thermoplastic automotive composites have been furthersegmented into polypropylene (PP), polyamide (PA), polyphenylene sulphide(PPS), and others.
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On the basisof manufacturing process, automotive composites market is segmented intocompression molded automotive composites, injection molded automotivecomposites, resin transfer molded automotive composites, and other processes.Other processes have been further segmented into filament winding process,continuous process, and manual process.
Based onvehicle type, automotive composites market is segmented into non-electricvehicles, and electric vehicles.
Automotivecomposites market is segmented in terms of market value, volume, marketopportunities, and niches into multiple applications. The application segmentfor automotive composites market includes exterior, interior, powertrain, andchassis.
GlobalAutomotive composites market is analysed and market size, volumeinformation is provided by country fiber type, resin type, manufacturingprocess, vehicle type and application as referenced above.
Thecountries covered in the automotive composites market report are U.S., Canadaand Mexico in North America, Germany, France, U.K., Netherlands, Switzerland,Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan,India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia,Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), SaudiArabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest ofSouth America as part of South America.
NorthAmerica dominates the automotive composites market due to the prevalence ofvarious manufacturers along with growing number of research and developmentactivities in the region. Asia-Pacific region is expected to hold the largestgrowth rate due to the adoption of automotive composites in electric vehicles.
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The countrysection of the report also provides individual market impacting factors andchanges in regulation in the market domestically that impacts the current andfuture trends of the market. Data points such as consumption volumes,production sites and volumes, import export analysis, price trend analysis,cost of raw materials, down-stream and upstream value chain analysis are someof the major pointers used to forecast the market scenario for individualcountries. Also, presence and availability of global brands and theirchallenges faced due to large or scarce competition from local and domesticbrands, impact of domestic tariffs and trade routes are considered whileproviding forecast analysis of the country data.
Automotivecomposites market competitive landscape provides details by competitor. Detailsincluded are company overview, company financials, revenue generated, marketpotential, investment in research and development, new market initiatives,global presence, production sites and facilities, production capacities,company strengths and weaknesses, product launch, product width and breadth,application dominance. The above data points provided are only related to thecompanies’ focus related to automotive composites market.
The majorplayers covered in the automotive composites market report are TORAYINDUSTRIES, INC., SGL Carbon, Solvay, UFP Technologies, Inc., Koninklijke TenCate bv., Gurit, TEIJIN LIMITED., Mitsubishi Chemical Corporation, PlasanCarbon Composites, Continental Structural Plastics Inc., Owens Corning, 3B -the fibreglass company, Hexcel Corporation, Muhr und Bender KG, GMS COMPOSITES,TPI Composites., Hanwha Azdel., Magna International Inc., mahindra CIE serviceslimited, AAT Composites (Pty) Ltd, SABIC, Creative Composites, Nippon SheetGlass Co., Ltd, Formaplex, among other domestic and global players. Marketshare data is available for global, North America, Europe, Asia-Pacific (APAC),Middle East and Africa (MEA) and South America separately. DBMR analystsunderstand competitive strengths and provide competitive analysis for eachcompetitor separately.
GlobalAutomotive Composites Market By Fiber Type (Carbon Fiber Automotive Composites,Glass Fiber Automotive Composites, Other Fiber Automotive Composites), ResinType (Thermoset Automotive Composites, Thermoplastic Automotive Composites),Manufacturing Process (Compression Molded Automotive Composites, InjectionMolded Automotive Composites, Resin Transfer Molded Automotive Composites,Other Processes), Application (Exterior, Interior, Powertrain, Chassis),Vehicle Type (Non-Electric Vehicles, Electric Vehicles), Country (U.S., Canada,Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K.,Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe,Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand,Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, SouthAfrica, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to2027
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