Automotive Composites Market is Expected to reach a value of $7,142.37 million USD by 2019
The report "Automotive Composites Market by Type (Glass fiber composites, Carbon fiber Composites, Natural fiber Composites, Metal Matrix Composites, and Ceramic Matrix Composites) and by Application (Interior Components, Exterior Components, Chassis & Powertrain Components and Others) - Global Trends & Forecast to 2019"
Browse 91 market data tables and 86 figures spread through 150 pages and in-depth TOC on “Automotive Composites Market - Global Forecast to 2019"
http://www.marketsandmarkets.com/Market-Reports/automotive-composite-market-10869121.html
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“Asia-Pacific: The Biggest Market of Automotive Composite”
The Asia-Pacific region was the world’s largest market for automotive composite in 2013. China is the key consumer of automotive composite in Asia-Pacific. Need for lightweight and fuel efficient vehicles shifted manufacturers focus towards automotive composite. Various product launches, partnerships, agreements, and expansions have in turn made the region a potential growth market for automotive composite.
“Carbon Fiber Composite–The Fastest-growing Type; while Exterior components The Biggest Automotive Composite Application”
Carbon fiber is a material made up of carbon atoms that are aligned parallel to the main axis of the fiber. The fibers are very thin in diameter, about 1/10th the size of a human hair. The crystal alignment makes the fiber very strong for its size. Normally, carbon fibers are molded with other materials such as plastic resin and graphite to form carbon fiber composite. Carbon fiber composite is the fastest-growing automotive composite driven by its high demand for chassis & powertrain components application. The chassis & powertrain market for automotive composite has a wide scope for its expansion, which in turn would help in increasing the consumption for automotive composite. Exterior components are the biggest application of automotive composite and are projected to be worth $ 3,555.51 million by 2019.
Toray Industries Inc. (Japan), Owens Corning (U.S.), Johns Manville (U.S.), SGL Group (Germany), Cytec Industries Inc. (U.S.), Koninklijke Ten Cate nv (The Netherlands), Nippon Sheet Glass Co., Ltd. (Japan), Jushi Group Co. Ltd. (China), and Teijin Limited (Japan) are some of the major manufacturers of automotive composite. Company profiling and competitive strategies adopted by top automotive manufacturers such as Bayerische Motoren Werke Aktiengesellschaft (Germany), Volkswagen Group (Germany), General Motor Company (U.S.), and Ford Motor Company (U.S.) are also covered in the report.
The report also defines driving and restraining factors for the global automotive composite market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include increasing demand for fuel efficient vehicles, and reduced weight and parts consolidation offered by automotive composite. Some of the restraints include high cost of composite, and concerns about recyclability. There are some opportunities which will change the dynamics of automotive composite industry in the years to come, which include emission regulations that are forcing OEMs’ attention towards composite, and growth opportunity in high volume production of structural automotive components. The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. The regional automotive composite market is further segmented on the basis of major applications.
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MarketsandMarkets is The world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
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Browse 91 market data tables and 86 figures spread through 150 pages and in-depth TOC on “Automotive Composites Market - Global Forecast to 2019"
http://www.marketsandmarkets.com/Market-Reports/automotive-composite-market-10869121.html
Early buyers will receive 10% customization on reports.
Connect for more details: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=10869121
“Asia-Pacific: The Biggest Market of Automotive Composite”
The Asia-Pacific region was the world’s largest market for automotive composite in 2013. China is the key consumer of automotive composite in Asia-Pacific. Need for lightweight and fuel efficient vehicles shifted manufacturers focus towards automotive composite. Various product launches, partnerships, agreements, and expansions have in turn made the region a potential growth market for automotive composite.
“Carbon Fiber Composite–The Fastest-growing Type; while Exterior components The Biggest Automotive Composite Application”
Carbon fiber is a material made up of carbon atoms that are aligned parallel to the main axis of the fiber. The fibers are very thin in diameter, about 1/10th the size of a human hair. The crystal alignment makes the fiber very strong for its size. Normally, carbon fibers are molded with other materials such as plastic resin and graphite to form carbon fiber composite. Carbon fiber composite is the fastest-growing automotive composite driven by its high demand for chassis & powertrain components application. The chassis & powertrain market for automotive composite has a wide scope for its expansion, which in turn would help in increasing the consumption for automotive composite. Exterior components are the biggest application of automotive composite and are projected to be worth $ 3,555.51 million by 2019.
Toray Industries Inc. (Japan), Owens Corning (U.S.), Johns Manville (U.S.), SGL Group (Germany), Cytec Industries Inc. (U.S.), Koninklijke Ten Cate nv (The Netherlands), Nippon Sheet Glass Co., Ltd. (Japan), Jushi Group Co. Ltd. (China), and Teijin Limited (Japan) are some of the major manufacturers of automotive composite. Company profiling and competitive strategies adopted by top automotive manufacturers such as Bayerische Motoren Werke Aktiengesellschaft (Germany), Volkswagen Group (Germany), General Motor Company (U.S.), and Ford Motor Company (U.S.) are also covered in the report.
The report also defines driving and restraining factors for the global automotive composite market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include increasing demand for fuel efficient vehicles, and reduced weight and parts consolidation offered by automotive composite. Some of the restraints include high cost of composite, and concerns about recyclability. There are some opportunities which will change the dynamics of automotive composite industry in the years to come, which include emission regulations that are forcing OEMs’ attention towards composite, and growth opportunity in high volume production of structural automotive components. The market is forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. The regional automotive composite market is further segmented on the basis of major applications.
About MarketsandMarkets
MarketsandMarkets is The world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Visit Visit MarketsandMarkets Website: http://www.marketsandmarkets.com
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