Automotive Composite Market Scope
Automotive Composite has been used in autos and trucks, primarily in interiors and under the hood. Carbon fiber has been used in high-performance vehicles for several years, and now new technology of high-speed manufacturing is allowing carbon fiber to move into thr production vehicles. Sales of automotive composites are directly related to the production of automotive and vehicle parc. Despite the unstable economic conditions in the market in the recent past, on average, the global Automotive Composite industry has witnessed satisfactory growth.
The market study is being classified, by Application (Interior, Chassis & Powertrain and Exterior) and major geographies with country level break-up.
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Toray Industries, Inc. (Japan), SGL Group (Germany), Mitsubishi Chemical Corporation (Japan), Plasan Carbon Composites (United States), Solvay S.A. (Belgium), UFP Technologies, Inc. (United States), Toho Tenax Co., Ltd. (United States), Koninklijke Ten Cate B.V. (Netherlands), Continental Structural Plastics Inc. (United States), Gurit (Switzerland) and Owens Corning (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Automotive Composite market by Type, Application and Region.
On the basis of geography, the market of Automotive Composite has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Resin, the sub-segment i.e. Thermoplastic will boost the Automotive Composite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fiber, the sub-segment i.e. Carbon will boost the Automotive Composite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle , the sub-segment i.e. Electric will boost the Automotive Composite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Manufacturing Process, the sub-segment i.e. Compression Molding will boost the Automotive Composite market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Use of Environmentally Natural Fiber Composites in Automotive Applications
- development of CFRP leafsprings for heavy commercial vehicles
- Increasing Automotive Production
- Increasing Share of Suvs in the Overall Vehicle Production
- Increasing Demand for Lightweight Liftgate over Bulky Metallic Liftgate
- Growing Markets of Passenger Cars, Light Commercial Vehicles, and Medium & Heavy Commercial Vehicles
- High Production Cost of Composites
- Lack of Technological Advancements in the Emerging Economies
- Recyclability of Composites
Analyst ViewThe growth of the Europe automotive composites market is mainly due to the rising demand for superior performance materials that result in lightweight, high strength, and reduced CO2 emissions of vehicles.
Key Target AudienceManufacturers of Automotive Composites, Suppliers of Raw Materials, Distributors and Suppliers of Automotive Composites, End-use Industries and Industry Associations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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