Composite Materials for Automotive Market 2021 Top Manufacturers, Growth, Development Trends, Market Demands, Industry Analysis and Forecast by 2027 |IDI Composites International,Magna,Menzolit,Polynt

The Global “Composite Materials for Automotive Market” provides a comprehensive valuation of the market landscape, encompassing both the current and future status of the market. In terms of drivers, opportunities, and constraints, the research provides information on developing trends and market dynamics. The research shelters light on the evaluation of preceding growth trends. It includes a market overview, key player profiling, key developments, raw material suppliers, and dealers, among other things. Market size, sales, forecast, share, industry demand, growth rate, and revenue are also included.

The report also comprises the research and development activities of these companies and provided complete data about their existing products and services. Detailed analysis of revenue generation scope and probabilities, manufacturer profile, production details, ingesting patterns have been given. A detailed assessment of these factors is crucial for various market players in understanding the potential of investments across specific regional domains.

The Composite Materials for Automotive Market positioned is performing unfaltering boom and making at a CAGR of 12.6% at a threatened factor of 2021-2027.

The Report also includes Key players in recent market trends are:

IDI Composites International,Magna,Menzolit,Polynt,Molymer SSP,Huamei New Material,Yueqing SMC & BMC,Tianma Group,Jiangshi Composite,Huayuan Group,SANSE,BI-GOLD New Material,Changzhou Rixin,DIC,East China Sea composite materials,Fangda Thermoset Plastic,S

Recent Developments

In April 2021, Solvay introduces Amodel® Supreme PPA, a new line of high-performance polyphthalamide (PPA) compounds designed for demanding e-mobility and metal replacement applications. Amodel® Supreme PPA brings a higher level of performance to systems requiring exceptional thermal, mechanical and electrical properties. Applications range from high-temperature automotive components used in electric drive units including e-motors, power electronics, housings for high-temperature electrical connectors, electric and electronic devices and telecommunication equipment components that need excellent heat resistance.
In February 2021, Hexcel Corporation collaborating with NaCa Systems, a supplier of natural fiber composite automotive interior parts, is on the development of a lightweight carbon fiber prepreg and wood fiber composite sports car seat back using a rapid press molding process. This innovation validates a short-cycle time production process for CFRP and wood fiber composite parts and offers a host of benefits to automotive manufacturers.
In September 2020, Sigmatex, announced the launch of a recycled carbon fibre non-woven fabric. This non-woven fabric is produced from high quality carbon fibre waste, with sizing intact, offering improved fibre to resin bond strength with area weights from 100gsm to 600gsm. The highly conformable product is an isotropic material with excellent mechanical properties that can be debulked, improving processing via pre-preg methods.
In September 2020, Mitsubishi Chemical Advanced Materials, Inc. announced its strategic alliance with R3 Composites Corp. supplier in compression molded thermoset products to combine both company’s expertise to offer comprehensive solutions to customers in North America. The alliance will centre around the design, development and production of advanced carbon-based composites, including mobility applications.
In August 2020, SGL Carbon received a multi-year order from Koller Kunststofftechnik GmbH for the production of novel carbon fibre profiles for serial use in windshields for a future high-volume model of BMW Group. The profiles are particularly flexible fibre tows, pre-impregnated with thermoplastic resin in various dimensions.
In February 2020, SGL Carbon announced that it will present the new composite battery enclosure, which is driven by the need for flexible chassis platforms. The battery enclosure is based on carbon fiber; in addition, the company also revealed its leaf spring made of glass fiber composite.

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Impact of COVID-19:

Global Composite Materials for Automotive Market study report investigations the effect of Coronavirus (COVID-19) on the main producers in the business. In December 2019, the principal instance of the Covid-19 infection was accounted for in China. From that point forward, the infection has spread to almost 180+ nations around the globe. The episode of Covid-19 has influenced numerous variables. This report introduction has been set up progressively speech, delivering generous consideration towards the COVID-19 flare-up that has recently unleashed remarkable harm across ventures, deteriorating development.

Market segmentation

Composite Materials for Automotive market is split by Type and by Application. For the period 2021-2027, the growth among segments provides accurate cunnings and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation by type:

SMC

FRP

RTM

Market segmentation by application:

Passenger Car (PC)

Light Commercial Vehicle (LCV)

Heavy Commercial Vehicle (HCV)

Regional Analysis:

Global Composite Materials for Automotive Market is further classified on the basis of region as follows:

The automotive composites market is led by Asia-Pacific, followed by Europe and North America, in that order. The demand for lightweight materials is growing rapidly in the region due to the growing automotive industry and emission regulations. For instance, in India, the automotive industry is expanding rapidly, with the rising income level of consumers. In addition, the demand for lighter vehicles has increased with awareness about fuel efficiency and environmental benefits. Currently, India is the fifth-largest producer of light and commercial vehicles and is the second-largest producer of two-wheeler vehicles. With the rapid growth in manufacturing capacities in the country, the consumption of carbon fiber composites is expected to increase during the forecast period.

Emission legislation regulations in the United States and Europe have forced automobile manufacturers to restrict the exhaust levels of their vehicles. Vehicles in the European region have started to adapt to Euro 6 norms, while other regions have also followed suit. 

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Table of Contents Composite Materials for Automotive Market

- Chapter 1: Overview of Composite Materials for Automotive Market

- Chapter 2: Global Market Status and Forecast by Regions

- Chapter 3: Global Market Status and Forecast by Types

- Chapter 4: Global Market Status and Forecast by Downstream Industry

- Chapter 5: Market Driving Factor Analysis

- Chapter 6: Market Competition Status by Major Manufacturers

- Chapter 7: Major Manufacturers Introduction and Market Data

- Chapter 8: Upstream and Downstream Market Analysis

- Chapter 9: Cost and Gross Margin Analysis

- Chapter 10: Marketing Status Analysis

- Chapter 11: Market Report Conclusion

- Chapter 12: Research Methodology and Reference.

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Key Questions Answered in The Report:

- What is the growth probable of the global Composite Materials for Automotive market?

- Which regional market will arise as a frontrunner in the coming years?

- Which application segment will grow at a robust rate?

- What are the growth opportunities that may emerge in the global Composite Materials for Automotive industry in the years to come?

- What are the key challenges that the market may face in the future?

- Which are the leading companies in the global Composite Materials for Automotive market?

- Which are the key trends positively impacting the market growth?

The report offers significant features about the central members that are existing in the business for quite a while just as gives insights about their production design, product portfolio, and other data. The study document contains an assessment of various drivers, upcoming technologies, opportunities, market risks, restraints, market barriers, challenges, trends, competitive landscape, and segments which gives an exact picture of the growth of the global Composite Materials for Automotive market.

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