Composite Materials Market for Automotive: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-509 | Report Format : | Status : Upcoming |

Abstract

Global Composite Materials Market for Automotive: Overview
the composite material is also known as composition material. It consists of one or more constituent materials with different chemical or physical properties. They combine together to produce different materials with varied characteristics from individual components. This new material form is distinct in characteristic and is lighter, cost effective, and stronger than normal materials. Recently, researchers actively incorporated computation, sensing, communication, and actuation in this material, which is known as Robotic Materials.

Global Composite Materials Market for Automotive: Growth Factors

Government support for fuel efficiency and increasing demand for fuel-efficient vehicles boost the global composite materials market for automotive in the near future. Major original equipment manufacturers (OEMs) are getting associated with composite material manufacturers, which is expected to boost the global market growth. Growing automotive industries also fuel the global market owing to automotive interiors such as seat covers, door panel, steering wheel, dashboard, and so on made of composite material. Composite materials are accepted by many automotive industries for safety standards and are anticipated to show significant growth in the market in future. Natural fiber-reinforced plastic composite is majorly preferred for automotive interiors due to varied applications such as gear knobs, flooring, seat trims, and others. However, carbon fiber-reinforced plastic (CFRP) is prominently used in the sports and luxury vehicles for automotive interiors and dashboards. It possesses high appearance and strength-to-weight ratio; this is anticipated to fuel market growth in future.

Global Composite Materials Market for Automotive: Segmentation

The global composite materials market for automotive is bifurcated based on the application as, powertrain, exterior, structural, interior and others. The composite materials market for automotive is further segmented on the basis of composite materials as glass fiber reinforced plastic (GFRP), ceramic matrix composite (CMC), polymer matrix composite (PMC), metal matrix composite (MMC), carbon fiber reinforced plastic (CFRP), and natural fiber reinforced plastic (NFRP). Of these, natural fiber reinforced plastic (NFRP) is the dominating composite materials segment in the global composite materials market for automotive.

Global Composite Materials Market for Automotive: Regional Analysis

North America is the leading player in the global composite materials market for automotive. This region is anticipated to grow at a faster rate due to increasing automotive production. The automotive industry is growing mainly for light vehicles in this region which is positively impacting the global composite materials market for automotive growth. Growing production and profitability in North America for automotive market is anticipated to the witness of high growth in next few years.

Global Composite Materials Market for Automotive: Competitive Players

Major players in the global composite materials market for automotive include BASF, Tetra-Dur GmbH, DuPont, DSM Composite Resin, Lorenz GmbH, and RTP. Many companies opt for strategies such as product launch, mergers, and acquisitions to acquire largest market share. For example, Sigmatex, the world’s leading independent converter of carbon fiber, launched Sigmatex, within sigmaRF product range.

Global Composite Materials Market for Automotive: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market

Related Reports

Stearyl Tartrate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1973 | Report Format:

Global Stearyl Tartrate Market: Overview When commercial stearyl alcohol undergoes the esterification process, stearyl tartrate is formed. Stearyl tartrate is a food additive that consists of a mixture of stearyl alcohol and palmityl along with the tartaric acid. The important constituents that ...Read More

Diphosphates Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1964 | Report Format:

Global Diphosphates Market: Overview Two compound esters and salts which are in a group is known as pyrophosphates. This pyrophosphates group is known as dipolyphosphate or diphosphates. Alternate name for the diphosphates is E450. Diphosphates are water soluble. The main end-use industry where ...Read More

Aerogel Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1926 | Report Format:

Global Aerogel Market: Overview The main application areas where the aerogel is used include marine, aerospace, oil gas, automotive, and others, thus increasing the demand of the aerogel. Aerogel is a solid material that is mainly composed of air which has extremely low density and is manufactu...Read More

Acetylated Starch Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1919 | Report Format:

Global Acetylated Starch Market: Overview The normal starch has some undesired properties which can be eliminated by modifying the starch. Acetylation is the general technique that is preferred for starch modification. By the esterification process of acetic acid, acetic anhydride, vinyl acetate...Read More

Alcohol Enzyme Market (Carbohydrase, Proteases, Lipases and Others) for Industrial and Specialty Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022

Jul-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-1891 | Report Format:

The report covers forecast and analysis for the alcohol enzymes market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2016 to 2022 based revenue (USD Billion) (Kilo Tons). The study includes drivers and restraints for the market along with the i...Read More

Choose License Type:
Latest Published Reports

View All Published Reports