Automotive composites Market Trends, Applications, Competitive Market & Forecast 2016-2023
Automotive composites Market of Asia Pacific was the largest with more than USD 1.8 billion with an expected growth rate of over 8.5% up to 2023.
Automotive composites market size was estimated at more than USD 3 billion in 2015 and is likely to exceed USD 7 billion by 2023 at a CAGR of over 8.5%. Asia Pacific automobile composite market size.
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Automotive composites offer impact & heat resistance and lower the overall automobile weight, particularly in hybrid and electrical cars. Properties such as high tensile strength, ease in manufacturing, surface tension and corrosion resistance are ideal for manufacturing fuel-efficient and lightweight vehicles.
Compared to 15.6 million vehicles manufactured in 2013, the country saw an increase in production up to 16.5 million in 2014, which is expected to reach up to cross 17 million units in 2016.
Major automotive composite product segment include MMC (metal matrix composites), CMC (ceramic matrix composites) and polymer matrix composites (PMC). PMC is further segmented into carbon (CRPF) and glass (GRPF) based fiber reinforcement polymer composites. CRPF is likely to witness highest gains of over 20% up to 2023 owing to growing application scope in new vehicle models to increase the fuel efficiency. Metal matrix composites (MMC) market size is likely to exceed USD 435 million by 2023.
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Automotive composites Market size & forecast by product & application.
Growth drivers, pitfalls & industry challenges.
Automotive composites Market growth opportunities & emerging business models.
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Automotive composites Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Automotive composites Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Automotive composites Product Insights
5. Automotive composites Application Insights
6. Automotive composites Regional Insights
7. Competitor Profiles-
The global automotive composites market share is highly consolidated with top four manufacturers catering to more than 70% of the total demand. Key companies operating in this market include Toho Co. Ltd, Toray Industries, SGL and Mitsubishi. Other prominent companies include SAERTEX GmbH, Cytec Industries, Koninklijke Ten Cate N.V, Johnson Controls, Johns Manville, Teijin Limited, UFP Technologies, DuPont and Scott Bader.
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