Composite Battery Enclosure Market 2021 Competitive Insights and Global Developments- Evo-nik, Solvay, Toray, Hexcel composites, Teijin Group, Exel Composites, SGL Carbon

Global Composite Battery Enclosure Market 2021 Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Composite Battery Enclosure Market study provides comprehensive data which enhances the understanding, scope and application of this report.

The global composites market size is projected to grow from USD 88.0 billion in 2021 to USD 126.3 billion by 2026, at a CAGR of 7.5%.

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The global Composite Battery Enclosure market is examined to understand the market dynamics across several regions including Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries. Each of these regions is studied on basis of manufacturers, type and applications. Detail profiles of the companies are added.

Market Overview:

Battery enclosure is a box designed to protect batteries from harsh weather conditions and battery mishaps. Battery enclosure can be designed for indoor or outdoor usage. It may also include room for electronics such as battery management systems. Battery enclosure is one of the vital components of off-grid systems. These enclosures protect batteries from rough environment conditions and other adverse impacts that may damage the batteries. They also help maintain temperature. Battery enclosure is selected depending upon the application and requirements. Features and functions of these enclosures differ depending on the location and needs of the system. Battery enclosures are widely used in the renewable energy sector to provide batteries with proper protection. They also help lower external impacts.

Leading companies operating in the global Composite Battery Enclosure market profiled in the report are:

Evo-nik, Solvay, Toray, Hexcel composites, Giant Reinforced Plastic Industries, Performance Composites Inc., Econcore, AZL, Teijin Group, Exel Composites, SGL Carbon, Continental Structural Plastics and others.

Industry News:

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.

By the product type, the market is primarily split into:
Carbon Fiber Reinforced Plastic (CFRP)

Glass Fiber Reinforced Plastic (GFRP)

Others

By the end users/application, this report covers the following segments:
Automobile

Electrical & Electronics

Defense & Aerospace

Others

Influence of the Composite Battery Enclosure market report:

-Comprehensive assessment of all opportunities and risk in the Composite Battery Enclosure market.
–Composite Battery Enclosure market recent innovations and major events.
-Detailed study of business strategies for growth of Composite Battery Enclosure market-leading players.
-Conclusive study about the growth plot of Composite Battery Enclosure market for forthcoming years.
-In-depth understanding of Composite Battery Enclosure market-particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Composite Battery Enclosure market.

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