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Automotive Composite Materials Market Drivers, Analysis, Share, Growth, and Trends & Forecast (2019-2025) || Key Players - BASF SE, DowDupont Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings Corporation
Automotive Composite Materials Market
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“Polymer Matrix Composite is expected to dominate during the analyzed period.”
The Europe automotive composites material market is segmented based on different materials such as Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Due to high flexibility, high insulation, lower density and lighter weight than other composite materials, PMCs held the maximum market share in 2018 and their dominance is expected to prevail during the forecast period. However, due to the low cost and high flexural and tensile strength of hybrid composites as compared to single fiber composites, the hybrid composites are anticipated to be the fastest growing polymer type during the forecast period
“Thermoset held the largest market share in 2018 and are expected to dominate the market in 2025.”
The study further bifurcates the PMCs by matrix types, which include thermosets and thermoplastics. wherein thermoset held the largest market share in 2018 and is expected to dominate the market by 2025. However, thermoplastic is expected to register highest growth during the forecast period as they are compact and wireless
“Amongst Manufacturing Process, Injection moulding is projected to hold the largest market share and will dominate the Europe automotive composite material market by 2025.”
Europe automotive composite market is further fragmented across different manufacturing processes. This includes hand lay-up, compression moulding, injection moulding, and resin transfer moulding (RTM). The injection moulding process and is anticipated to reach US$ 809.3 million by 2025. On the other hand, RTM will be the fastest growing manufacturing process because of its growing adoption in auto industry
Browse Global Automotive Composite Materials Market Report with TOC @ https://univdatos.com/report/global-market-insights-on-automotive-composite-materials-insights-and-forecast-2019-2025
“Amongst applications, exterior segment is anticipated to dominate Europe automotive composite material market by 2025.”
Based on several application areas in automobiles, Europe automotive composite materials market is segmented into interior, exterior, chassis, powertrain & under the hood and structural. Among different application areas, exterior segment dominated the market however a gradual increase in the adoption rate of composite materials for vehicle interiors is expected in the upcoming years
“Amongst vehicle type, passenger cars hold the major share in Europe automotive composite material market.”
Based on different vehicle types, Europe automotive composite materials market is segmented into performance cars, passenger cars and others (commercial vehicles and others). Europe’s passenger car market is the biggest segment in the automotive industry of the region, because of largest share in auto industry and increasing penetration of composite materials in passenger car segment
“China represents as one of the largest markets of Europe automotive composite material market.”
For a deep dive analysis of the industry Europe automotive composite materials market is further segmented across different countries, which includes Germany, France, the U.K, Spain, Russia, Italy and rest of Europe. China dominated the market in 2018 and is expected to prevail over the others during the forecast period. Germany is expected to lead the market because of the presence of several prominent automotive OEMs and composite material suppliers
Competitive Landscape -Top 10 Market Players
BASF SE, DowDupont Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings Corporation, Owens Corning, SGL Group, Solvay SA, Teijin Limited and Toray Industries Inc. are some of the prominent players operating in the Automotive composites market industry. Some of the key players are also expanding their businesses by setting up new plants or increasing their expenditure on R&D to develop cheaper manufacturing methods. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.
UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The Europe Automotive Composite Market can be customized to country level or any other market segment.
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