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Automotive Composites Market 2021 Latest Trends and Highly Growth By 2026 | Toray, Solvay, Ufp, Mitsubishi

03-09-2021 01:34 PM CET | Logistics & Transport

Press release from: Business Industry Reports

Automotive Composites

Automotive Composites

The global Automotive Composites market size is projected to grow in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Automotive Composites costs and increasing production and growing capacity in Chemical industry, and healthy growth of pharmaceutical and food & beverage industry in developing countries, are supporting the growth of the Automotive Composites market.

Available Exclusive Sample Copy of this Report @ https://www.businessindustryreports.com/sample-request/281569.

Automotive Composites are being considered to make lighter, safer and more fuel-efficient vehicles. A composite is composed of a high-performance fiber (such as carbon or glass) in a matrix material (epoxy polymer) that when combined provides enhanced properties compared with the individual materials by themselves. The main advantages composites offer the automotive applications are in cost reduction, weight reduction and recyclability. Composites offer many structural and weight advantages over traditional steel and injection moulded automotive parts.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Pandemic impact on the Global Automotive Composites Market:

1 The Automotive Composites industry experienced decline in sector during the COVID-19 pandemic. This is attributed to the sharp decrease in chemical, pharmaceutical, automotive, and industrial sectors.

2 Manufacturing companies has prolonged closure of all its operations at its workplaces and manufacturing areas, until reopening instructions received from the government authorities.

3 In addition, due to reduction in labours in light of social distancing norms amid the COVID-19 pandemic, the Automotive Composites industry witnessed significant decrease in the production.

4 At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Automotive Composites market size in 2020 will be lower than in previous years.

Purchase this report online with 90 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Automotive Composites Market Report 2021” @ https://www.businessindustryreports.com/buy-now/281569/single .

Automotive Composites Market Players:

Toray Industries, Inc.
Sgl Group
Solvay S.A.
Ufp Technologies, Inc.
Koninklijke Ten Cate B.V.
Gurit
Toho Tenax Co. Ltd.
Mitsubishi Chemical Corporation
Plasan Carbon Composites
Continental Structural Plastics Inc.

Product Type Segmentation:

Carbon Fiber Automotive Composites
Glass Fiber Automotive Composites

Industry Segmentation:

Non-Electric Vehicles
Electric Vehicles

Segmentation by Regions:

The research report includes a detailed study of regions of North America, Europe, China and Japan. The report has been given after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2026.

Grab Your Report at an Impressive Discount @ https://www.businessindustryreports.com/check-discount/281569 .

Top Industry News:

Solvay’s specialty polymers resist aggressive Metrex healthcare surface disinfectants on 17 February, 2021 -- Solvay and Metrex, a leader in broad spectrum surface disinfection products, announced the results of a recent study on the compatibility of several advanced Solvay healthcare polymers with Metrex disinfectants. The joint study included CaviWipes™ 2.0, Metrex’s newest product, and evaluated the chemical resistance of Solvay’s high-performance polymers and their ability to withstand strong disinfectants used to combat the SARS-CoV-2 virus and other healthcare-acquired infections (HAIs).

“As aggressive disinfectants take an increasing toll on traditional plastics, medical device and equipment manufacturers are looking for higher performing plastics that withstand repeated exposure to these chemicals,” said Jesal Chopra, vice president of Healthcare, Environment & Consumer for Solvay. “Solvay offers a broad range of high-performance polymers that give medical OEMs greater confidence in the ability of their products to deliver a longer life, avoid warranty issues and reinforce brand value. Our collaboration with Metrex aims to raise the bar for the durability, safety and reliability of devices exposed to frequent disinfection.”

Six Solvay specialty polymers were tested against three Metrex healthcare surface disinfectants, CaviWipes™, CaviWipes™ Bleach and new CaviWipes™ 2.0, which is fully qualified for the EPA’s rigorous Emerging Viral Pathogen claim. The results revealed that Solvay’s Radel® polyphenylsulfone (PPSU), Udel polysulfone (PSU), Veradel polyethersulfone (PESU), Ixef polyarylamide (PARA), Kalix high-performance polyamide (HPPA), and Amodel polyphthalamide (PPA) polymers all meet performance acceptance criteria for retention of impact strength, tensile strength and color after repeated exposure to Metrex disinfectants. On average, all six Solvay materials exhibited over 90 percent retention of impact and tensile strength and a Delta E color difference of less than 2.

About us

BusinessindustryReports.com is digital database of comprehensive market reports for global industries. As a market research company, we take pride in equipping our clients with insights and data that holds the power to truly make a difference to their business. Our mission is singular and well-defined – we want to help our clients envisage their business environment so that they are able to make informed, strategic and therefore successful decisions for themselves.

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