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Automotive Composites Market Analysis, Growth, Vendors, Shares, Size, Trends, Challenges with Forecast to 2025

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Jocelyn Hardwick

The report entitled automotive composites market also gives a detailed idea of various technologies used by the manufacturers and industry experts to enhance the technological intervention in this market. An in-depth study in terms of production, market revenue share and price is also a major factor of focus in this report. The company profile section also focuses on companies planning expansions.

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Rise in the need for the environment-friendly electric vehicle because of the increase in pollution related to the increase in the acceptance of natural-fiber based composites in the applications of automotive will fuel the global automotive composites market growth in the coming years. Factors that are responsible for the growth of global automotive composites market size are the increase in lightweight materials used with the application of affordable measures for reducing the emission of carbon. These factors are improving the efficiency of fuel in the vehicle and superior strength to the ratio of weight. Change in the trends towards the affordable replacements, lightweight and strong components will impact positively for the penetration of the automotive vehicles and is estimated to increase the automotive composites market.

Automotive industry worldwide is concentrating on the implementation of the strict rules like the European Emission Standards (EES) and Corporate Average Fuel Efficiency (CAFE) conveyed by the governments of Europe and U.S, to lessen the emission of CO2. To obey the rules of government, vehicle manufacturers are using lightweight materials like composites to manufacture the bodies of vehicles. Automotive composites are widely used for the manufacturing of vehicles as they are replacing the traditional heavy materials like aluminum and steel. Factors that are leading towards the growth of automotive composites market are the implementation of strict rules of government and rise in the demand for the less weighted vehicles.

Factors that are responsible for the growth of automotive composites market are robust demand for the automotive composites in the aerospace and automotive industries. Moreover, strict rules and standards particular to the emission of CO2 in Europe and North America are propelling to boost the automotive composites market in the coming years. In addition, increase in the demand for lightweight vehicles in the Asia Pacific region because of increase in the prices of fuel are providing the new opportunities to manufacturers for the growth of automotive composites market during the forecast period.

Global automotive composites market trends are rules of government for accepting the ways to decrease the emission of carbon and increase in the demand for the lightweight passenger vehicles offer developed fuel efficiency in the vehicles. Moreover, expensive raw materials are controlling the growth of automotive composites market.

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Global automotive composites market is segmented into the application, vehicle type, manufacturing process, resin type, fiber type and region. On the basis of application, automotive composites market is divided into chassis, powertrain, interior, and exterior. On considering the vehicle type, automotive composites market is divided into electric and non-electric vehicles. Based on the manufacturing process, automotive composites market is divided into resin transfer molded, injection molded, compression molded and more. Based on resin type, the market is divided into thermoplastic automotive composites and thermoset automotive composites. Thermoplastic automotive composites are further divided into polyamide, polypropylene, polyphenylene sulfide and more, whereas thermoset automotive composites are divided into epoxy resin, vinyl ester resin, polyester resin and more. By fiber, the market is divided into the glass fiber, carbon fiber and more.

Geographically, regions in the development of global automotive composites market share are Europe & CIS, North America, Asia Pacific, South America and Middle East & Africa. Europe & CIS is the fastest growing region because of the growth in demand for automotive composites from original equipment manufacturers. Europe holds the largest global automotive composites market share.

Key Segments in the “Global Automotive Composites Market” are-

By Application, market is segmented into:

  • Chassis
  • Powertrain
  • Interior
  • Exterior

By Vehicle Type, market is segmented into:

  • Electric vehicles
  • Non-electric vehicles

By Manufacturing Process, market is segmented into:

  • Resin Transfer Moulded
  • Injection Moulded
  • Compression Moulded
  • Others

By Resin Type, market is segmented into:

  • Thermoplastic automotive composites
  • Polyamide
  • Polypropylene
  • Polyphenylene sulphide
  • Others
  • Thermoset automotive composites
  • Epoxy resin
  • Vinyl ester resin
  • Polyester resin
  • Others

By Fiber Type, market is segmented into:

  • Glass fiber
  • Carbon fiber
  • Others

By Regions market is segmented into:

  • Europe & CIS
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa

What to expect from the “Global Automotive Composites Market” report?

– Predictions of future made for this market during the forecast period.

– Information on the current technologies, trends, devices, procedures, and products in the industry.

– Detailed analysis of the market segmentation, depending on the types, devices, and products.

– Government regulations and economic factors affecting the growth of the market.

– An insight into the leading manufacturers.

– Regional demographics of the market.

Who should buy this report?

– Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies

Enquire more details of TOC at: https://www.adroitmarketresearch.com/contacts/request-toc/502

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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