Asia Pacific is the largest car manufacturing hub across the globe. In the past few years, the GDP of Asian countries has increased substantially, resulting in the rise of per capita income and buying potential of the consumers. The improved economy of Asian countries is one of the major reasons for the increase in demand of vehicles in region. Increasing number of vehicles has raised the content of Greenhouse Gases (GHG) in the atmosphere of the region. The worsened air quality in Asia Pacific has concerned the governmental bodies, owing to which stringent emission standards have been passed in some countries and is under consideration in a few others.
Some of the Asian countries such as China, India and Japan are among the top GHG emitters holding 30%, 7% and 4% of the Asia Pacific GHG emissions. To comply with the targeted emission values in several countries in the region, the automakers are reducing the vehicular weight to increase their fuel efficiency and reduce the GHG emissions. At present, composite materials are considered to be one of the most preferred ways in the automobile industry when it comes to emission reduction.
Composite materials are prepared by combining two or more materials of different physical and chemical properties that results in the formation of a new product with properties completely different from the used materials. The final product exhibits superior physical, mechanical and chemical properties; owing to which they are rapidly replacing steel and aluminum in a range of automotive parts and products. These composite materials have high strength to weight ratio that improves the fuel efficiency by reducing the overall weight of the vehicle. The reduction in weight also reduces the exhaust gas emissions, which majorly constitutes of harmful Greenhouse Gases (GHG) gases such as Carbon Dioxide (CO2). Besides this the use of composite materials in Electric Vehicles (EV) in Asia Pacific is also blooming. These materials are widely adopted by the EV manufacturers to compensate the weight increased by the batteries.
In addition to this, composite materials also tend to increase the vehicle speed by reducing the overall vehicular weight. Hence the above mentioned factors such as increasing per capita income of the consumers, stringent emission standards, increasing demand of composites in EV segment and also the presence of some of the prominent automotive OEMS and material suppliers are attributed to be the factors propelling Asia Pacific automotive composite materials market. Owing to such factors Asia Pacific automotive composite materials market was estimated to dominate the market in the past years and is expected to prevail over the forecast period (2018-2024).
However, the region is still recovering with respect to economic conditions, hence the high cost of the raw material and manufacturing process are hampering the market growth. In spite of this, the growing advancements in the hybrid composites, increasing partnerships, merger and acquisitions and potential in the emerging markets in the region are considered to be the key opportunity areas. Asia Pacific automotive composites material market is segmented based on different materials such as Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Due to high flexibility, high insulation, lower density and lighter weight than other composite materials, PMCs held the maximum market share in 2017 and their dominance is expected to prevail during the forecast period. PMC was valued at US $1,641.0 million in 2017 and are anticipated to reach to US $3,029.9 million by 2024 at a CAGR of 9.6% during the forecast period (2018-2024). To get a better understanding of the market, PMCs are further segmented by matrix types, which include thermosets and thermoplastics. In this segment, thermosets are anticipated to be the largest market on the other side thermoplastics will be the fastest growing matrix type during the forecast period. Further, due to low cost and high flexural and tensile strength of hybrid composites as compared to single fiber composites, the hybrid composites are anticipated to be the fastest growing composite type during the forecast period.
The market is further
fragmented across different manufacturing processes. This includes hand lay-up, compression Moulding, injection Moulding, and resin transfer Moulding (RTM). Injection Moulding process dominated the market in 2017 and is expected to continue its dominance over the forecast period. The injection Moulding process was valued at US $955.5 million in 2017 and is anticipated to reach US $1,889.5 million by 2024 at a CAGR of 9.7% during the forecast period (2018-2024). On the other hand, due to RTM’s capability of low cost and high volume manufacturing, this segmented is anticipated to be the fastest growing segment during the forecast period. RTM is poised to grow at a CAGR of 10.9% during the forecast period. Based on several application areas in automobiles, Asia Pacific automotive composite materials market is segmented into interior, exterior, chassis, powertrain & under the hood and structural.
Among different application areas, exterior application held the highest market share and was valued at US $1,469.7 million in 2017 and is anticipated to grow to US $2,759.7 million by 2024 at a CAGR of 9.5% during the forecast period (2018-2024), followed by the structural application segment. Based on different vehicle types, Asian automotive composite materials market is segmented into Super Cars, passenger cars and others (commercial vehicles and others). Asian passenger car market is the world largest auto market; in addition the growing demand of composites in EVs and other passenger cars gives it a definitive edge over other markets. Asia Pacific automotive composite materials market in passenger cars segment was valued at US $136.4 million in 2017 and is anticipated to reach US $3,948.9 million by 2024 at a CAGR of 9.4%. Asian automotive composite materials market is further segmented across different countries, which includes, China, Japan, India, South Korea, Singapore, Australia and rest of APAC. China dominated the market in 2017 and is expected to prevail over the others during the forecasted period. China is the world’s largest automobile producer, and stringent emission regulations and the presence of local composite materials suppliers are attributed to be the major factors monitoring China’s automotive composite materials market. China’s automotive composite materials market was valued at US $1,065.0 million in 2017 and is expected to reach US $2,044.7 million by 2024 at CAGR of 9.9% during the forecast period. Some of the major local and foreign key players active in Asia Pacific automotive composite materials market include BASF CORPORATION, DowDupont, Gurit Holding AG, Magna International Inc., Mitsubishi Chemicals Holding Corporation, Owens corning, SGL Group, Solvay S.A., Teijin Limited and Toray Industries Inc. These players are entering into several competitive strategies (partnerships, merger-acquisitions, joint venture, new product launch, business expansion and others) with each other or other supplier or automotive OEMs to strengthen their position in the Asia Pacific automotive composite materials market.
Table of Contents
- MARKET INTRODUCTION
1.1 Market Definition 13
1.2 Objective of the Study 13
1.3 Limitation 13
1.4 Stakeholders 13
1.5 Currency used in the Report 14
2. RESEARCH METHODOLOGY OR ASSUMPTION 15
2.1 Secondary Data 15
2.1.1 Key Secondary Sources 15
2.2 Primary Data 15
2.2.1 Sampling Techniques & Data Collection Methods 15
2.2.2 Primary Participants 15
3. INDUSTRY PERFORMANCE 16
4. EXECUTIVE SUMMARY 17
5. Market Overview 20
5.1 Introduction 20
5.2 Market Dynamics 21
5.2.1 Market Trends & Drivers 21
5.2.1.1 Stringent Government Regulations on GHG emission 21
5.2.1.2 Increasing Demand of Composites among Hybrid & Electric Vehicles 22
5.2.1.3 Crashworthiness Capability 23
5.2.2 Market Restraints 23
5.2.2.1 High Cost of the Raw Materials 24
5.2.3 Opportunities 24
5.2.3.1 Growing Scope of Hybrid Composite Materials 24
5.2.3.2 Increase in partnerships Between OEMs & Composite Manufacturers 25
5.2.3.3 Growing scope in developing countries 25
5.3 Key Market Indicators (Demand & Supply) 26
5.3.1 Demand & Supply Side Analysis 26
6. BENEFITS OF COMPOSITE MATERIALS 29
7. MARKET INSIGHTS BY MATERIAL TYPE 31
7.1 General Overview 31
7.2 Polymer Matrix Composite (PMC) 32
7.2.1 Polymer Matrix Composite (PMC), by Matrix Type 34
7.2.2 Thermoset Matrix 34
7.2.3 Thermoplastic Matrix 35
7.3 Metal Matrix Composite (MMC) 36
7.4 Ceramic Matrix Composite (CMC) 37
7.5 Hybrid Composites 38
8. MARKET INSIGHTS BY MANUFACTURING PROCESS 40
8.1 General Overview 40
8.2 Hand Lay up 41
8.3 Compression Moulding 42
8.4 Injection Moulding 43
8.5 Resin Transfer Moulding 44
9. MARKET INSIGHTS BY APPLICATION 46
9.1 General Overview 46
9.2 Interior 47
9.3 Exterior 48
9.4 Chassis, Powertrain and Under the Hood 49
9.5 Structural 50
10. MARKET INSIGHTS BY VEHICLE TYPE 52
10.1 Overview 52
10.2 Super Cars 53
10.3 Passenger Cars 54
10.4 Others (Light Commercial Vehicles, Buses, Trucks and Others) 55
11. MARKET INSIGHTS BY COUNTRY 57
11.1 General Overview 57
11.1.1 China Automotive Composite Materials Market 59
11.1.1.1 China Automotive Composite Materials Market, by Material Type 59
11.1.1.2 China Polymer Matrix Composites Market, by Matrix Type 60
11.1.1.3 China Automotive Composite Market, by Manufacturing Process 60
11.1.1.4 China Automotive Composite Materials Market, by Application 61
11.1.1.5 China Automotive Composite Materials Market, by Vehicle Type 63
11.1.2 Japan Automotive Composite Materials Market 63
11.1.2.1 Japan Automotive Composite Materials Market, by Material Type 64
11.1.2.2 Japan Polymer Matrix Composites Market, by Matrix Type 65
11.1.2.3 Japan Automotive Composite Market, by Manufacturing Process 65
11.1.2.4 Japan Automotive Composite Materials Market, by Application 66
11.1.2.5 Japan Automotive Composite Materials Market, by Vehicle Type 67
11.1.3 India Automotive Composite Materials Market 67
11.1.3.1 India Automotive Composite Materials Market, by Material Type 68
11.1.3.2 India Polymer Matrix Composites Market, by Matrix Type 68
11.1.3.3 India Automotive Composite Market, by Manufacturing Process 69
11.1.3.4 India Automotive Composite Materials Market, by Application 71
11.1.3.5 India Automotive Composite Materials Market, by Vehicle Type 71
11.1.4 Singapore Automotive Composite Materials Market 72
11.1.4.1 Singapore Automotive Composite Materials Market, by Material Type 72
11.1.4.2 Singapore Polymer Matrix Composites Market, by Matrix Type 73
11.1.4.3 Singapore Automotive Composite Market, by Manufacturing Process 74
11.1.4.4 Singapore Automotive Composite Materials Market, by Application 74
11.1.4.5 Singapore Automotive Composite Materials Market, by Vehicle Type 75
11.1.5 South Korea Automotive Composite Materials Market 75
11.1.5.1 South Korea Automotive Composite Materials Market, by Material Type 76
11.1.5.2 South Korea Polymer Matrix Composites Market, by Matrix Type 77
11.1.5.3 South Korea Automotive Composite Market, by Manufacturing Process 77
11.1.5.4 South Korea Automotive Composite Materials Market, by Application 78
11.1.5.5 South Korea Automotive Composite Materials Market, by Vehicle Type 79
11.1.6 Australia Automotive Composite Materials Market 79
11.1.6.1 Australia Automotive Composite Materials Market, by Material Type 80
11.1.6.2 Australia Polymer Matrix Composites Market, by Matrix Type 80
11.1.6.3 Australia Automotive Composite Market, by Manufacturing Process 81
11.1.6.4 Australia Automotive Composite Materials Market, by Application 82
11.1.6.5 Australia Automotive Composite Materials Market, by Vehicle Type 82
11.1.7 Rest of Asia-Pacific Automotive Composite Materials Market 83
....continued
CONTACT DETAILS
+44 203 500 2763
+1 62 825 80070
971 0503084105
So when the different set of needs of process manufacturers could not be met by software that was built to follow the production on assembly lines, the dedicated ERP solutions for process manufacturing industry came into existence.
The methodology uses Bills of Materials (BOMs), and assembles components along with a routing.
Process manufacturing items include food, pharmaceuticals, specialty chemicals, cosmetics and paints to name a few- the products that are the result of recipes and formulations which when mixed, change the composition of the original raw material and cannot be disassembled.
In discrete manufacturing, the products are BOM based, and can be broken down as they are assembled by nuts, bolts, brackets, wires, etc.
In discrete manufacturing, the production follows a route, such as an assembly line, where identical products are duplicated as the raw materials used to create these products are the same from the first job to the next.
On the other hand, in process manufacturing, the ingredients are blended or refined in batches and manufactured using formulas/recipes.
Read Now! https://www.batchmaster.co.in/blog/why-different-erps-for-process-discrete-manufacturing/
7 manufacturing processes of konjac sponge…!!
The raw material of PUSPONGE KONJAC is extracted from wild plant konjac 600-1400m high in a mountainous area and refined by a special process.
Unique natural plant fibre cleans the skin from deep and keeps the skin away from dust.
And the erosion of various environmental pollution in modern society ensures you have healthy skin and beautiful appearance.
To know more visit: https://www.pusponge.com/
Organic fertilizer is a popular fertilizer product in the agricultural market.
What equipment is needed for the organic fertilizer production process?Poultry manure organic fertilizer manufacturing process1.
The recovered chicken manure, sheep manure and cattle manure are directly sent to the fermentation area.2.
Poultry manure is piled after primary fermentation and secondary aging to eliminate the odor of livestock manure.
Fermentation bacteria can be added at this stage to decompose the crude fiber so that the particle size after pulverization meets the particle size requirements of granulation production.3.
Crush the fermented materials that have completed the secondary aging and stacking process and enter the mixing and stirring system.
The importance of Robotic Process Automation in Manufacturing
Billing of material is an important document in production and there is a wide list of raw materials, components, and product details that need to be fed in here.
Robotic process automation in manufacturing helps companies to achieve this in an efficient way.
It helps companies to create a product in a faster turnaround time, and better data accuracy.
Better data accuracy helps companies to get detailed information.
Robotic automation companies in India are taking over the billing of material in several segments and as a result, ensure that clients get the best.
