Press release
Composite Materials Market Size, Share, Trends & Growth Forecast by 2023 | Leading Key Players Toray Industries, Cytec Industries, SGL Carbon SE, Teijin Ltd., Koninklijke Ten Cate NV, Johns Manville, Mitsubishi Rayon Co and Others
Composite materials are materials composed of two or more fibers and polymers. These materials enhance the efficiency of vehicle by reducing its overall weight. Composite materials reduce emission of greenhouse gases and fuel consumption. Vehicles manufactured using composite materials absorbs huge amount of energy in crash, which in turn, provide more safety to passengers. It plays significant role in providing better driving experience and greater power to engine. The government regulations to keep vehicle under emission limits has increased the necessity of composite materials.Favorable government regulations pertaining to fuel efficiency & emissions and reduced delta factor (process time, cost, & quality) fuels growth of the world composite materials market. However, high cost of composite materials is obstructing the growth of the market. Shifting focus toward electric vehicles and emerging markets in South-East Asia are creating tremendous opportunities for growth.
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KEY BENEFITS FOR STAKEHOLDERS:
• The report offers an in-depth analysis of key driving and restraining factors of the world composite materials market.
• This report offers an in-depth quantitative analysis of the current market and estimations through 2015-2020, which assists in identifying the prevailing market opportunities.
• The report provides an extensive analysis of current and future market status of the world composite materials market.
• An in-depth analysis of key strategies adopted by leading manufacturers helps in understanding competitive scenario.
• An in-depth analysis of current research and clinical developments within the world composite materials market is provided with key market dynamic factors that helps in understanding the behaviour of the market.
• Competitive landscape of leading manufacturers helps in understanding the competitive scenario across geographies.
• Geographically, the world composite materials market is segmented into North America, Asia-Oceania, Europe, and Latin America, Middle East and Africa (LAMEA).
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COMPOSITE MATERIALS MARKET KEY SEGMENTS:
Market By Material Type
• PMC
• MMC
• CMC
Market By Application & Their Sub-Components
• Structural
• Powertrain
• Interior
• Exterior
• Other Applications
Market By Vehicle Type
• PC
• LCV
• HCV
• Rolling Stock
Market By Geography
• North America
• Asia-Oceania
• Europe
• Latin America, Middle East and Africa (LAMEA)
Key Market Players:
• Toray Industries Inc.
• Cytec Industries Inc.
• SGL Carbon SE
• Teijin Ltd.
• Koninklijke Ten Cate NV
• Johns Manville
• Mitsubishi Rayon Co. Ltd.
• Owens Corning
• Johnson Controls Inc.
• Jushi Group Co. Ltd.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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