Automotive composites market will reach an estimated valuation of USD 24.58 Billion by 2027, while registering this growth at a rate of 12.40% for the forecast period of 2020 to 2027. Automotive composites market report analyses the growth, which is currently being growing due to the rising demand of compact, light and shock resistant cars in the market.
Rising preferences towards fuel efficient vehicles, growing demand of environmental friendly electric vehicle, growing applications of natural fiber composites are some of the factors which will likely to enhance the growth of the automotive composites market in the forecast period of 2020-2027. On the other hand, strict government regulations regarding the usage of lightweight materials which will further boost various opportunities that will lead to the growth of the automotive composites market in the above mentioned forecast period.
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High cost of production along with unavailability of advanced technological product in developing economies which will likely to hinder the growth of the automotive composites market in the above mentioned forecast period.
This automotive composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on automotive composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Automotive composites market is segmented on the basis of fiber type, resin type, manufacturing process, vehicle type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
On the basis of fiber type, automotive composites market is segmented into carbon fiber automotive composites, glass fiber automotive composites, and other fibers automotive composites.
Based on resin type, automotive composites market is segmented into thermoset automotive composites, and thermoplastic automotive composites. Thermoset automotive composites have been further segmented into polyester resin, vinyl ester resin, epoxy resin, and others. Thermoplastic automotive composites have been further segmented into polypropylene (PP), polyamide (PA), polyphenylene sulphide (PPS), and others.
On the basis of manufacturing process, automotive composites market is segmented into compression molded automotive composites, injection molded automotive composites, resin transfer molded automotive composites, and other processes. Other processes have been further segmented into filament winding process, continuous process, and manual process.
Based on vehicle type, automotive composites market is segmented into non-electric vehicles, and electric vehicles.
Automotive composites market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for automotive composites market includes exterior, interior, powertrain, and chassis.
Global Automotive composites market is analysed and market size, volume information is provided by country fiber type, resin type, manufacturing process, vehicle type and application as referenced above.
The countries covered in the automotive composites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the automotive composites market due to the prevalence of various manufacturers along with growing number of research and development activities in the region. Asia-Pacific region is expected to hold the largest growth rate due to the adoption of automotive composites in electric vehicles.
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The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Automotive composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive composites market.
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