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Automotive Composites Market to Attain Valuation of US$7,019.7 million by 2022

06-12-2019 03:23 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: PMR

Automotive Composites Market to Attain Valuation of US$7,019.7 million by 2022

An up to date business intelligence report compiled at Persistence Market Research (PMR) notifies that the shares in the global automotive composites market are moderately consolidated among a handful of players who have the technological expertise to cater to diverse demands. In the automotive industry, the current trend is to develop vehicles that are fuel efficient, and a number of players are transforming their business to meet these changing requirements. For instance, Toray Industries has inaugurated a new production facility in Japan that is expected to starting churning out electrode sheets for nearly 100,000 fuel cell vehicles each year from 2018 onwards. Toray’s new carbon fiber composite is expected to be stronger and lighter with complex shapes.

A sample of this report is available upon request @ www.persistencemarketresearch.com/samples/4368

Toho Tenax is another reputed name in the global automotive composites market, providing customized products from lightweight electric hybrids to high-performance racing cars. Some of the popular products from the company are Tenax Filament Yarn, Tenax ThermoPlastics, Tenax Short Fibers, Tenax Dry Reinforcements, Tenax Part via Preform, and Tenax Prepreg. Solvay S.A. is another key holding a strong position in the global automotive composites market, offering its DForm® component technology that serves the high and medium volume automobile market, providing high deposition rates and ease of processing with its continuous fiber advanced molding system.

Global Automotive Composites Market to Attain Valuation of US$7,019.7 million by 2022

As per the projections of the PMR report, the demand in the global automotive composites market will swell at an impressive CAGR of 8.9% over the course of the forecast period of 2017 to 2022. In terms of revenue, the scopes in this market are estimated to be worth US$7,019.7 by the end of 2022, considerably more than the market’s evaluated worth of US$4,589.7 million in 2017. The analysts of the report have identified SGL Group from Germany, Mitsubishi Chemical Company from Japan, and Owens Corning and Plasan Carbon Composites from the U.S. as some of the other companies currently ahead of the curve in the global automotive composites market.

To view TOC of this report is available upon request @ www.persistencemarketresearch.com/methodology/4368

Based on composite materials, the PMR report segments the market for automotive composites into polymer matrix, ceramic matrix, and metal matrix. On the basis of manufacturing process, the market has been bifurcated into injection and continuous process, compression process, and manual process. The market has also been categorized on the basis of composite components, into engine and drivetrain components, exterior, and interior. Geographically, Asia Pacific has been picked out as the region with maximum opportunities. By the end of 2022, this region is anticipated to provide for more than half of the total demand in the global automotive composites market.

Government Regulations to Reduce Carbon Emission Driving Demand

A number of factors have been detected that are expected to drive the automotive composites market in the near future, such as growing demand for lightweight passenger vehicles that offer higher fuel efficiency and government regulations to adopt ways to reduce carbon emission from vehicles. In addition to that, the automotive industry is currently flourishing in the region of Asia Pacific, finding strong demand the emerging economies of China and India. These two countries are vastly populated and increased per capita vehicle ownership is expected to reflect positively on this market. On the other hand, high cost of raw materials is the most prominent restraint over the prosperity of the automotive composites market. The technology needs to be harnessed further for it to be more affordable for larger masses across the world.

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Table Of Content

Chapter 1 Preface 9
1.1 Report Description 9
1.2 Scope and Definition 9
1.2.1 Segments covered in the report 9
1.3 Research Methodology 10

Chapter 2 Market Synopsis 11

Chapter 3 Porters Five Forces Analysis 14
3.1 Bargaining Power of Suppliers 14
3.2 Bargaining Power of Buyers 15
3.3 Threat of New Entrants 15
3.4 Threat of Substitutes 16
3.5 Intensity of Rivalry 16

Chapter 4 Industry Overview 17
4.1 Introduction 17
4.2 Market Drivers 17
4.2.1 Rising demand for lightweight and fuel-efficient vehicles 17
4.2.2 Rising per capita vehicle ownership 18
4.2.3 Increasing domestic automotive production, especially in Asia Pacific 19
4.2.4 Government regulations to reduce carbon emission from vehicles 20
4.2.5 Impact analysis of growth drivers 21
4.3 Market Restraints 21
4.3.1 Rising raw material costs 21
4.3.2 Higher costs of automotive composites 22
4.3.3 Impact analysis of market restraints 22
4.4 Opportunity 23
4.4.1 Rapid industrialization paired with increasing urban population, particularly in Asia Pacific region 23

Chapter 5 Market size and forecast by Composite Materials 25
5.1 Polymer Matrix Composites 26
5.2 Metal Matrix Composites 27
5.3 Ceramic Matrix Composites 28

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About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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