Press release
What's driving the Automotive Composites Market Growth? ACP Composites, Clear Water Composites, Cytec Solvay Group, DowAksa, Hexcel Corporation, HITCO Carbon Composites, Johns Manville Corporation, Jushi Group Co. Ltd., Koninklijke Ten Cate bv, Mitsubishi
The automotive composites market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.The emphasis on making automobiles more light weight and fuel efficient had emerged from the alarming climate change, mainly brought about by greenhouse gas emissions. In fact, excessive transportation is principally being held responsible for contributing to more than a quarter of the total greenhouse gases present in the environment. As a substantially higher percentage of fuel burns in running a heavy vehicle than a lighter one, the concern for global environmental preservation has played a pivotal part in the growth of the automotive composites market.
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Resin evaluation:
Resin categorization: As per the report, the Resin landscape of the automotive composites market is split into -
o Thermoset
o Thermoplastic
Significant aspects concerning the Resin landscape that are entailed in the report:
o Substantial details about the Resin spectrum of automotive composites market are provided in the report.
o The study mentions the revenue projection of the Resin categories by the end of the forecast duration.
o The market share that every Resin segment will accumulate is given in the report.
o The current and future trends characterizing the Resin landscape are also provided in the report.
Manufacturing Process evaluation:
Manufacturing Process categorization: As per the report, the Manufacturing Process landscape of the automotive composites market is split into -
o Compression
o Injection
o Resin Transfer Moulding (RTM)
Significant aspects concerning the Manufacturing Process landscape that are entailed in the report:
o Substantial details about the Manufacturing Process spectrum of automotive composites industry are provided in the report.
o The study mentions the revenue projection of the Manufacturing Process categories by the end of the forecast duration.
o The market share that every Manufacturing Process segment will accumulate is given in the report.
o The current and future trends characterizing the Manufacturing Process landscape are also provided in the report.
It is also imperative to state that carbon fiber composites have proved to be 30% lighter than glass fiber composites, though, subject to their high costs, they are being used only in luxury cars and high-end sports cars, contributing to a very niche sector in the automotive composites market. However, hybrid composites manufactured using varying ratio of glass and carbon woven fabric have opened up a lucrative growth avenue in automotive composites industry. When used in vehicle exteriors, it has become evident that using composites laminated with 50% ratio of carbon fiber reinforcement leads to components exhibiting maximum flexural properties, while the highest compressive strength is achieved when carbon and glass fibers are used in alternating arrangement.
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Original equipment manufacturers (OEMs) especially in North America and Europe have been aiming to decrease automobile weight, keeping in line with the strict environmental regulations that have been put in place by most governments across the globe. Drastic measures employed by OEMs have promoted the growth of automotive composites market, leading to innovations and research programs targeted at bringing down carbon levels in the air.
The automotive composites industry research study is inclusive of a massive evacuation of the industry in question. The methodology used to derive valuable insights pertaining to the automotive composites market as well as the primary and secondary sources referred to have been elaborated in the report. Information pertaining to the financial data of mentioned shareholders and the present pricing trends are enumerated in the study.
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