“Automotive Composites Market Worth $10.1 billion in 2020” says new Visiongain report
02 May 2020
Visiongain’s new report the Automotive Composites Market Report 2020-2030: Global Industry Size, Share, Trends, Sub Segments, Growth Factors, Key Country Analyses with Competitive Landscape indicates that the global Automotive Composites market will be worth $10.1 billion in 2020.
The lead analyst of the report said: "Rising demand for fuel-efficient vehicles and increasing production of lightweight automobile components are the factors anticipated to prompt manufacturers to opt for backward integration in the value chain. Greater participation across the value chain is expected to result in reduction of time required to transform raw materials into finished products, and this will certainly help in gaining cost advantage. Automotive composite manufacturers are expanding their production capacity and improving their infrastructure to cater to the growing market demand."
The 302-page report contains 90+ tables, charts and graphs that add visual analysis in order to explain developing trends within the Automotive Composites market. Visiongain provides market size forecasts for the period 2020-2030 by submarkets, and region.
This report covers the present scenario and growth prospects of the global Automotive Composites market for 2020-2030. The report includes the entire range of next-gen technologies available in the market. In addition, it discusses the major drivers that influence the growth of the global Automotive Composites market. The report also outlines the challenges faced by vendors and the market at large and identifies the key trends that are emerging in the market.
The comprehensive report offers market forecasts and analysis for leading regional markets. In addition, the report contains a dedicated leading companies’ chapter covering companies leading the field in Automotive Composites including BASF; DOW Inc.; Gurit; SGl group; Solvey Group; Mitsubishi Chemical Corporation; Hexcel; Teijin Limited; Toray; UFP Technologies; Huntsman; Advanced Composites Group; and Scott Bader
The report enlist data at a segmental level drawing insight on submarket basis:
• By Type of Composite Material: Polymer Matrix Composites (PMC), Metal Matrix Composites (MMC) and Ceramic Matrix Composites (CMC) covering the period 2020-2030
• By Automotive Component: Interior Components, Body Components, Engine & Drivetrain Components, and Other Components covering the period 2020-2030
Detailed Analysis of the Polymer Matrix Composites (PMC) submarket:
• By Type of Polymer Material: Carbon Fibre Reinforced Polymer (CFRP), Glass Fibre Reinforced Polymer (GFRP) and Aramid Fibre Reinforced Polymer (AFRP) covering the period 2020-2030
• By Thermoplastic or Thermosetting Polymer: Thermoplastics and Thermosets covering the period 2020-2030
• By End use: Cars (Conventional, Electric), Trucks & Buses covering the period 2020-2030
• By Manufacturing Process Compression Molding, Injection Molding, Sheet Molding, Resin Transfer Molding covering the period 2020-2030
The Automotive Composites Market Report 2020-2030 report will be of value to anyone who wants to better understand the Automotive Composites market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the Automotive Composites industry.
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