openPR Logo
Press release

Automotive Composites Market| Leading Manufacturers, Trends and Challenges Forecast by 2017 - 2025- SGL Group, Toho Tenax, Toray, Cytec

Market Research Report

Market Research Report

Researchmoz added Most up-to-date research on "Automotive Composites Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its huge collection of research reports.

The global automotive industry, which comprises passenger cars, buses, trucks, and heavy-duty vehicles, is projected to expand at a CAGR of 3.5% during the forecast period. Automotive production has increased by 15% since 2010. The passenger cars segment is anticipated to drive the global automotive industry. However, growth in environmental concerns such as pollution is estimated to hamper the market during the forecast period. OEMs face the challenge of providing high number of options to customers at low cost. Moreover, increase in pressure to offer energy-efficient vehicles at low prices is another challenge faced by automotive manufacturers.

In order to provide efficient cars and reduce fuel consumption, automotive manufacturers are focusing on reducing the weight of vehicles; therefore, OEMs are substituting traditional materials with advanced engineered plastics, aluminum, filled elastomers, specialty silica, and composites. Growth in the automotive industry offers lucrative opportunities to manufacturers of engineered materials such as composites, which is used to manufacture various vehicle components such as interiors, exteriors, chassis, and structural composites. This trend is likely to continue during the forecast period.

Automotive Composites Market: Drivers and Restraints

Focus on reduction of vehicle weight to decrease CO2 emissions has been a key trend in the automotive industry. Stringent environmental norms and government regulations have encouraged automotive manufacturers and OEMs to use innovative materials to curb weight of the vehicle, carbon emission targets, and achieve fuel efficiency. The global production of lightweight vehicles increased to 50 million units in 2015 from approximately 35 million units in 2010, which significantly propelled the development and consumption of advanced materials such as composites to partially replace traditional materials such as steel.

To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1372520

Composites offer several structural and weight advantages over traditional steel and injection molded automotive parts. Composites are used as raw materials to manufacture various structural, interior, exterior, and other automobile components. These composites offer high stiffness, tensile strength, temperature tolerance, reduced weight, and thermal expansion; and are preferred materials used to manufacture automobiles. Polymer-reinforced composites offer excellent crash performance as compared to traditional steel. While the latter absorbs nearly 35J/kg of energy. Therefore, along with weight reduction, composites in vehicles offer better safety components. The added safety factor is projected to further fuel the growth of lightweight vehicles. This, in turn, is expected to propel the automotive composites market during the forecast period.

Automotive Composites Market: Segmentation

Based on type, the automotive composites market can be segmented into:
Polymer matrix composite
Carbon fiber reinforced plastics
Glass fiber reinforced plastics
Others (aramid fiber composites, boron fiber-reinforced polymers, etc.)
Metal matrix composite
Ceramic matrix composite

Composites offer many structural and weight advantages over traditional steel and injection molded automotive parts such as cost efficiency, weight reduction, and recyclability. Advanced materials primarily boosts the fuel economy of modern automobiles while maintaining safety and performance. A 10% reduction in the weight of the vehicle can result in a 6%–8% improvement in the fuel economy. Replacing cast iron and traditional steel components with lightweight materials such as carbon and glass fiber polymer composites can reduce the weight of a vehicle’s body and chassis by up to 50% and fuel consumption.

Using lightweight structural material, cars can carry additional advanced emission control systems, safety devices, and integrated electronic systems without increasing the overall weight of the vehicle. Composites such as polymer matrix composite are often used to manufacture interiors, exteriors, and structural parts, while metal matrix composite is employed in parts that require high thermal resistance. Ceramic matrix composites is used in applications such as brake-pads, which require high temperature resistance and thermal expansion.

Automotive Composites Market: Key Market Players

Key players operating in the automotive composites market are:
SGL Group
Toho Tenax
Toray
Cytec

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

Make An Enquiry @ https://www.researchmoz.us/enquiry.php?type=E&repid=1372520

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

About ResearchMoz

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

For More Information Kindly Contact:

ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
Follow me on Blogger at: https://marketreserch1.blogspot.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Composites Market| Leading Manufacturers, Trends and Challenges Forecast by 2017 - 2025- SGL Group, Toho Tenax, Toray, Cytec here

News-ID: 1263189 • Views:

More Releases from Automotive Composites Market

Automotive Composites Market to 2022: Tenax Filament Yarn, Tenax ThermoPlastics, Tenax Short Fibers, Tenax Dry Reinforcements, Tenax Part via Preform, and Tenax Prepreg. Solvay S.A
Automotive Composites Market to 2022: Tenax Filament Yarn, Tenax ThermoPlastics, …
Researchmoz added Most up-to-date research on "Global Market Study on Automotive Composites: Polymer Matrix Composites to be the Largest Material Type by 2022" to its huge collection of research reports. Global Automotive Composites Market: Overview This report on the global automotive composites market has been developed to serve as a reliable business tool for its targeted audiences such as manufacturers of automotive composites, suppliers and distributors of raw materials, end-users, and
Automotive Composites Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025
Automotive Composites Market - Global Industry Analysis, Size, Share, Growth, Tr …
Researchmoz added Most up-to-date research on "Automotive Composites Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025" to its huge collection of research reports. Automotive Composites The global automotive industry, which comprises passenger cars, buses, trucks, and heavy-duty vehicles, is projected to expand at a CAGR of 3.5% during the forecast period. Automotive production has increased by 15% since 2010. The passenger cars segment is anticipated to
Automotive Composites Market : Technological Advancements, Evolving Industry Trends and Insights 2017 - 2025
Automotive Composites Market : Technological Advancements, Evolving Industry Tre …
Albany, NY, 14th November : Recent research and the current scenario as well as future market potential of "Automotive Composites Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" globally. The global automotive industry, which comprises passenger cars, buses, trucks, and heavy-duty vehicles, is projected to expand at a CAGR of 3.5% during the forecast period. Automotive production has increased by 15% since 2010. Get PDF for

All 4 Releases


More Releases for OEMs

Autonomous Heavy Truck Market Global Solution Providers, Demands, Layout of Chin …
Autonomous heavy truck market research: front runners first going public Our Autonomous Heavy Truck Industry Report, 2020-2021 carries out research into highway scenario-oriented autonomous heavy truck industry, including OEMs and autonomous driving solution providers inside and outside China. Several autonomous heavy truck companies try to list their shares for financing. The surging road freight volume and a widening gap in demand for truck drivers, promote the financing boom of self-driving heavy truck industry,
Hybrid Additive Manufacturing Machines Market: Rising Awareness among OEMs
The global hybrid additive manufacturing machines market is prophesied in a report by Transparency Market Research (TMR) to find players putting high emphasis on development of new products to boost their brand positioning. This could be evident with the launch of LUMEX Avance-25 by Matsuura Machinery Corporation in 2016. Introduction of new products could also help players to outshine their competitors in the market. Stratasys Ltd., Mazak Corporation, and DMG
Hybrid Additive Manufacturing Machines Market - Rising Awareness among OEMs
The global hybrid additive manufacturing machines market is prophesied in a report by Transparency Market Research (TMR) to find players putting high emphasis on development of new products to boost their brand positioning. This could be evident with the launch of LUMEX Avance-25 by Matsuura Machinery Corporation in 2016. Introduction of new products could also help players to outshine their competitors in the market. Stratasys Ltd., Mazak Corporation, and DMG
OEMs in Chinese ADAS Market – Changan Automobile, 2017
Changan Automobile sold 1.0582 million cars in 2017, down 7.1% from a year ago, largely due to a plunge of 41.0% in sedan sales to 189,100 units, whereas 646,000 SUVs were sold in the year, up 19.5% over the previous year, becoming a major growth engine. Meanwhile, ADAS is mostly installed on SUVs. More Information: https://www.researchbymarkets.com/report/oems-in-chinese-adas-market-changan-automobile-2017-9283.html ADAS makes its way into a few Changan models, mostly installed on best-selling and top-end models,
Distributors can help reduce costs for OEMs by GD Rectifiers
More distributors are providing design support today to help OEM customers, ranging from maintaining data-rich websites complete with datasheets and reference designs to offering customers full-blown design services on a bespoke consultancy basis. Purchasers at many OEMs often choose a select few distributors in certain countries/regions to have exclusive rights to their product lines, the distributor provides supply chain value and value-added services that can reduce cost and risk. Many customers
Neurology Devices Market: Regulatory Hindrances to Force OEMs to Prod Emerging E …
Neurological disorders-conditions that affect the nervous system-are on the rise, and so is the demand for treating these conditions. This, in turn, has given the demand for neurology devices a fillip. The market for neurology devices is currently in expansion mode, and this research report charts this growth path between 2013 and 2019. Given that about 12% of all deaths globally are related to neurological disorders, the growth of the