United States Automotive Thermoplastic Polymer Composites Market 2021 Status and Growth Outlook - Solvay, Arkema Group, Cytec Industries Inc., Celanese Corporation

The United States Automotive Thermoplastic Polymer Composites Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The United States Automotive Thermoplastic Polymer Composite Market is expected to register a CAGR of 3% during the forecast period.

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Top Leading Companies of United States Automotive Thermoplastic Polymer Composites Market are 3B-Fiberglass, BASF, Gurit, Solvay, Arkema Group, Cytec Industries Inc., Celanese Corporation, Daicel Polymer Ltd, DuPont de Nemours and others.

Industry News and Updates

In 2019, DuPont Transportation and Advanced Polymers merged to actively participating in consortia, including IACMI (Institute for Advanced Composites Manufacturing Innovation) and AZL (Aachen Centre for Integrative Lightweight Production), where standardization is addressed, along with collaborative teams that are focusing on demonstrating the production methods of cost-effective CFRTP composites, especially for high-volume applications

Key Market Trends

Transportation Sector to Drive the Market

The Corporate Average Fuel Economy (CAF) standard forced manufacturers in the automobile industry to develop vehicle designs that incorporated high-performance light-weight materials. The weight of an automobile has a direct impact on driving dynamics, fuel consumption, and agility. A 10% reduction in vehicle weights results in approximately 5-7% rise in fuel savings. The rising focus on minimizing carbon emission and enhancement of fuel economy, primarily by reducing the weight of a vehicle, are driving the demand for thermoplastics composites.

Continuous fiber-reinforced thermoplastic composites (CFRTP) are primary materials that can address the rising concerns regarding a vehicle's weight. In combination with metals, CFRTP composites will be a part of a multi-material approach when designing the car of the future. These materials are developed and assembled with recyclability and sustainability in mind. Also, the automotive industry standards will serve to align methods for characterizing the performance of CFRTP composites.

Regional Outlook of United States Automotive Thermoplastic Polymer Composites Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The United States Automotive Thermoplastic Polymer Composites Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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