Friday, June 10th, 2016 - Persistence Market Research PVT. LTD.

According to latest market report published by Persistence Market Research “Global Market Study on Automotive Composites: Polymer Matrix Composites to be the Largest Segment by 2022”, the global automotive composites marketwas valued at US$ 3,062.7 Mn in 2014, which is expected to increase to US$ 7,019.7 Mn by 2022 at a CAGR of 8.8%.

Increasing urban population due to rising industrialization, particularly in developing countries such as India and China, is encouraging the establishment of automotive manufacturing facilities in these regions. Increasing automobile production is expected to fuel the overall demand for carbon composites in the near future. In 2014, 16.5 million vehicles were manufactured in the U.S., compared to 15.6 million in 2013. This number is expected to increase to 17.0 million by the end of 2015. In addition, increasing carbon emissions due to rising number of vehicles over the last few decades is prompting governments worldwide to revamp various aspects in order to adhere to environmental norms and regulations, particularly with emphasis on reduction of carbon emissions from vehicles. Automakers are focused towards using lightweight materials to manufacture external and internal parts of vehicles in order to reduce vehicle weight, and in turn improve fuel efficiency. This is a major factor driving growth of the automotive composites market. 

Request Sample of this Report: http://www.persistencemarketresearch.com/samples/4368

Additionally, consumers are more inclined towards purchasing lightweight and fuel-efficient vehicles due to increasing fuel prices over the last decade. This is influencing automakers to invest in R&D initiatives with regard to lightweight materials to manufacture exterior as well as interior parts of vehicles. Composites with properties such as easy to process, high tensile strength, lightweight, good corrosion resistance and surface tension are ideal for manufacturing lightweight and fuel-efficient vehicles. 

Region-wise, the report covers North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is the largest market for automotive composites. Increasing domestic production of vehicles along with increasing disposable income is driving growth of the automotive composites market in Asia Pacific. However, one of the major factors contributing to growth of the automotive composites markets in North America and Europe is stringent CO2 emission norms in these regions.

View Report With TOC: http://www.persistencemarketresearch.com/market-research/automotive-composites-market.asp

In this report, the automotive composites market has been segmented on the basis of composite material (polymer matrix composites, metal composites, and ceramic matrix composites), manufacturing process (manual, compression, injection and continuous, and other), composite component (interior components, exterior components, engine and drivetrain components, and others) by value (US$ Mn), and region (North America, Europe, Asia-Pacific, and Rest of the World).

The global automotive composites market revenue increased from US$ 3,062.7 Mn in 2012 to US$ 3,593.6 Mn in 2014 at a CAGR of 8.3%. Under regional segment, the Asia Pacific automotive composites market (the largest market in 2014) revenue increased from US$ 1,543.6 Mn in 2012 to US$ 1,825.5 Mn in 2014 at a CAGR of 8.7%. 

To Buy Full Report: http://www.persistencemarketresearch.com/checkout/4368

The global automotive composites market is highly consolidated, with the top four players – Toray Industries, Toho Co. Ltd., Mitsubishi, and SGL – accounting for between 70 and 75% market share. Other players operating in the global automotive composites market include Cytec Industries Inc., SAERTEX GmbH & Co. KG, Koninklijke Ten Cate N.V., Johns Manville, Johnson Controls, Inc., Scott Bader Company Ltd., Teijin Limited, E.I. du Pont de Nemours and Company, and UFP Technologies, Inc.

PMR for Journalist: http://www.persistencemarketresearch.com/page/journalist-resources.asp

File Library

Contact Profile

Persistence Market Research PVT. LTD.


Persistence Market Research (PMR) is an innovative provider of market research reports and consulting services. The three PMR pillars of strength that have helped us win clients for years are: Quality Research, Quick Research, and In-depth Research.

PMR’s team of seasoned analysts and consultants are experts in their domain. At PMR, we process complex, exhaustive primary and secondary research data into valuable insight. We understand that each client has a unique problem statement, and address it with our strengths. 


PMR
P: +1-646-568-7751
W: www.persistencemarketresearch.com/

Keywords

Automotive Composites Market

Categories

Newsrooms

Sharing

More Formats