Press release
Automotive Composites Market Dynamics and Global Future Growth Opportunities 2023-2029
Automotive Composites Market
Exactitude Consultancy research's "Automotive Composites Market Forecast" study report focuses at sales and the overall global market for Automotive Composites in 2022. The sales forecast for Automotive Composites by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Automotive Composites market, with sales of Automotive Composites broken down by region, market sector, and sub-sector, in US$ million.
Based on market dynamics and development-promoting variables, the Automotive Composites Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.
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Drivers
escalating need for automotive composite in the automotive industry
The external and interior components of cars are already made with these automotive composites by automakers including BMW, Mercedes, Audi, and Volkswagen. The automotive composites market is anticipated to grow due to the advanced development of several types of automotive composites in the automotive sector. For example, in application of development of environmentally friendly automotive, anti-roll bar brake friction material for medium duty automotive application, and automotive piston are some major applications.
Growing demand of fuel efficient vehicle
Growing fuel prices have accelerated the demand for fuel-efficient vehicles. For the replacement of steel and other heavy materials, composites are widely used due to their higher strength to weight ratio. The majority of vehicles currently use conventional fuel technologies, such as petrol and diesel, which contributes to increasing demand for fuel-efficient vehicles.
competitive analysis
The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Automotive Composites market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.
Major companies in Automotive Composites Market are:
Teijin Ltd, Quantum Composites (U.S.) Textum OPCO, LLC (U.S.) Composites Evolution (U.K.) DEVOLD AMT (Norway) Taiyuan Heavy Industry Co., Ltd (China) STRUCTeam (U.K.) RTP Company (U.S.) G. Angeloni s.r.l (Italy) Talon Technology Co., Ltd (U.S.) Rock West Composites, Inc (U.S.)
Recent Developments:
In June 2023, Solvay announces the new names of the future independent publicly traded companies that will result from planned separation into two industry leaders: SOLVAY and SYENSQO. New names will be effective upon completion of the planned separation of Solvay, which is on track to be completed in December 2023, following the satisfaction of customary conditions.
In February 2022, Teijin Automotive Technologies announced the commencement of commercial operation of its new manufacturing facility in Wujin National Hi-Tech Industrial Zone, China. The company also unveiled the construction of its third-plant in China, in Shenyang, to cater to the surging demand for electric vehicles.
In January 2021, Jaguar Land Rover declared the development of lightweight composites to enhance its vehicles' power train structure and efficiency. The company is producing light weight composites for high performance batteries and reduced carbon emission.
Automotive Composites Market Segmentation:
Automotive Composites Market by Fiber Type, 2022-2029, (USD Billion), (Kilotons)
Glass Fiber
Carbon Fiber
Others
Automotive Composites Market By Resin Type, 2022-2029, (USD Billion), (Kilotons)
Thermoset
Thermoplastic
Automotive Composites Market By Manufacturing Process, 2022-2029, (USD Billion), (Kilotons)
Compression Molding
Injection Molding
Resin Transfer Molding (RTM)
Others
Automotive Composites Market by Application, 2022-2029, (USD Billion), (Kilotons)
Exterior
Interior
Powertrain
Chassis
Automotive Composites Market by Vehicle Type, 2022-2029, (USD Billion), (Kilotons)
Non-Electric
Electric
Automotive Composites Market by Region, 2022-2029, (USD Billion), (Kilotons)
North America
Asia Pacific
Europe
South America
Middle East And Africa
Important Countries In All Regions Are Covered.
Our market analysts are professionals at carefully categorizing the global Automotive Composites market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Automotive Composites market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.
This report also splits the market by region:
The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.
The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
Strategic Points Covered in Table of Content of Global Automotive Composites Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive Composites market
Chapter 2: Exclusive Summary - the basic information of the Automotive Composites Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automotive Composites
Chapter 4: Presenting the Automotive Composites Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Automotive Composites market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Browse a Detailed Summary of the Research Report @ https://exactitudeconsultancy.com/reports/13313/automotive-composites-market/#request-a-sample
Thank you for reading it all the way to this point.
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EMAIL ADDRESS: sales@exactitudeconsultancy.com
About Us
Exactitude Consultancy is a Market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you. So, whether it is the latest report from the researchers or a custom requirement, our team is here to help you in the best possible way.
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