Press release
Automotive Composite Materials Market Growing With A CAGR Of 11.75% By 2026| Pentaxia, Crawford Composites LLC, Owens Corning, Toray Industries, SGL Group, Teijin, Johns Manville, Johnson Controls
Automotive Composite Materials Market 2020
Global Automotive Composites Market growing with a CAGR of 11.75% over the forecast period (2019-2026).
Get Free Sample Report of Automotive Composite Materials Market & COVID-19 Impact Analysis @ https://decisionmarketreports.com/request-sample/1327306
Composites materials are the novel materials with superior properties such as high corrosion resistance, chemical resistance, and light in weight when compared to metals. Lightweight property of composites is an important property in automotive manufacturing. Vehicles fuel efficiency highly depends on the overall weight of the vehicle. When lightweight materials like composites are used in the construction of automobile components, the overall weight of the vehicle decreases hereby increasing fuel efficiency. This factor acts as a major driver for the growth of the global automotive composite materials market. The main motto of using composite materials in automotive is to make the vehicle lighter, safe and fuel-efficient. However, high costs involved in the manufacturing of the composites impede the growth of the market.
Stringent Environmental Regulations to Boost the Automotive Composite Materials Market
Stringent environmental regulations enacted by the government to reduce carbon emissions by manufacturing lightweight vehicles are boosting the growth of the global automotive composite material market. The strong presence of regulatory associations, such as Environmental Protection Agency and REACH, is also projected to help overall market indirectly.
Moreover, composite materials when subjected to crash cause minimal damage due to their superior mechanical properties such as high strength, fatigue resistance, resistance to chemicals, fire, corrosion and crack propagation. These superior set of properties, even more, offers lucrative opportunities for composite materials in the automotive in the coming years. On the other side, manufacturing costs associated with composites are comparatively higher than plastics. This is anticipated to hamper the growth of the global automotive composite material market.
Polymer Matrix Composite to Dominate the Global Automotive Composite Materials Market
Based on the material type the global automotive composite market can be classified into metal matrix composites, polymer matrix composites, and ceramic matrix composites. The polymer matrix composites segment is anticipated to expand at a higher growth rate during the forecast period due to its superior properties such as lightweight and comparatively low cost of manufacturing.
Competitive Analysis
Key players' active in the global automotive composite material market includes Pentaxia, Crawford Composites, LLC, Owens Corning, Toray Industries and SGL Group among others. SGL Group offers a wide range of production technologies along the fiber value chain to offer customers a wide choice of carbon fiber products by employing advanced manufacturing process such as automated braiding process.
If You Want Additional Information Or Specific Requirement About Impact of COVID-19 on Automotive Composite Materials Market @ https://decisionmarketreports.com/request-customization/1327306
Report Highlights
The report provides extensive qualitative and quantitative assessment of the present and future trends in the global automotive composite materials market
Focus on the various market dynamics that has an impact on the growth of the market
Recent industry trends and developments in vehicle diagnostics market
Product mapping for the key automotive composite materials products of all the major market players
Key players of the market are profiled and their recent developments, product portfolio, and other business strategies are listed
Key Target Audience:
Global Automotive Composite Materials Manufacturers
Automotive OEMs
Suppliers, Dealers, and Distributors of Automotive Composite Materials
Research Organizations and Academia
Associations, Organization Related to Automotives
Emerging Companies
Market Research and Consulting Firms
Contact Us :
Gasper James
304, S Jones Blvd,
Las Vegas,
NV 89107, USA
US Toll Free +1-866-605-1052
Email: sales@decisionmarketreports.com
Web: https://decisionmarketreports.com
Market Info 24/7
About Us :
Decision Market Reports is a one-stop solution, covers market research studies of all the industries, companies and regions. DMR aims at providing quality research, and insights about every market to helps our clients in taking right decisions. Our repository consists of most trending industry reports, niche areas, and leading company profiles. A comprehensive collection of reports is updated daily to offer hassle-free access to our latest updated report databases.
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 Composite Materials Market Growing With A CAGR Of 11.75% By 2026| Pentaxia, Crawford Composites LLC, Owens Corning, Toray Industries, SGL Group, Teijin, Johns Manville, Johnson Controls here
News-ID: 2030240 • Views: …
More Releases for Composites
Polymer Matrix Composites(PMC) Market Size, Share and Forecast By Key Players-He …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Polymer Matrix Composites(PMC) market is anticipated to grow at a compound annual growth rate (CAGR) of 9.59% between 2024 and 2031. The market is expected to grow to USD 5.85 Billion by 2024. The valuation is expected to reach USD 11.1 Billion by 2031.
The Polymer Matrix Composites (PMC) market is experiencing significant growth, driven by increasing demand from industries such as…
Global Composites Core Materials Market Analysis 2020 3A Composites, BASF SE, Co …
The Composites Core Materials market study exhibits a comprehensive analysis of the historic, current, and future trends across the globe. The report comprises of definitions, classifications, product specifications, and market overview, manufacturing processes, cost structures, and raw material analysis. The Composites Core Materials market report provides the end-to-end analysis of this business vertical, and the detailed information about the industry, such as the market size, revenue, volume, market share, growth…
Worldwide Rail Composites Market 2023 Key Players – Able Manufacturing & Assem …
MarketStudyReport.com offers 2018 report on global Rail Composites market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2023.
This report focuses on the Rail Composites market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type…
Composites Testing Market – Overview On Upcoming Need 2025 | Matrix Composites …
Global Composites Testing Market: Snapshot
Composite testing is most commonly defined as the testing or analysis of composite materials. Composite and non-metallic materials, such as concrete, fiber-reinforced polymers, thermoplastic composites, shape memory polymer composites, high strain composites, metal matrix composites, ceramic matrix composites, sandwich-structured composite, and wood plastic composite, are becoming increasingly prevalent in various manufacturing applications. Since these materials are highly complex in structure, the need for their accurate and…
Construction Composites Market Comprehensive Study 2018: Trex Company, Diversifi …
GMI presents a most up-to-date research on “Construction Composites Market – Global Industry Analysis, Size, Share, Product (Fiberglass, Composite Wood, Metal Composites), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE) and Forecast 2017 – 2024”.
Request for a sample copy of this report @
www.gminsights.com/request-sample/detail/2585
Construction Composites Market size is forecast to exceed USD…
Construction Composites Market 2018 Global players Trex Company, Diversified Str …
Growing construction activities in the emerging countries due to massive government investments to improve public infrastructure will boost the construction composites market size by 2025. For instance, in India USD 2.4 billion project is currently in progress to build the Navi Mumbai International Airport that started in March 2015 and is expected to be completed till 2019. Similarly, UAE has been making considerable investment in constructing ports which was valued…
