Pune, Maharashtra -- (SBWIRE) -- 09/11/2018 -- Global Composites in Automotive Market Study Report 2018-2025
This market study describes the global Composites in Automotive market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Turkey, China, Japan, India, South Korea, Egypt, Iran Brazil, South Africa and Saudi Arabia.
The market is segmented mainly according to the application such as exterior, power strain system, under body system, interiors.
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Top Leading Companies are: Solvay S.A., Toray Industries Inc., Toho Tenax Co Ltd, SGL Group, Teijin, Koninklijke Ten Cate BV, Mitsubishi Rayon Co Ltd, UFP Technologies Inc., Owens Corning, Plasan Carbon Composites, Etc.
The report provides answers to the following key questions:
- How big is the Composites in Automotive market?
- How is the market evolving by demand, segment and region?
- What will the market size be in 2025 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Historical and future price trends for Composites in Automotive.
This independent 200 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Composites in Automotive market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.
Furthermore, the report provides a detailed analysis of the global Composites in Automotive market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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Increment in carbon emission levels has provoked governments across the world to take initiative for composites use in production of automobiles, with a motive to design vehicles with high fuel efficiency by reducing weight of vehicles. Metals are being replaced by composites on large scale since last decade. Composites may be used in applications as exterior, power train system, under body system and interiors, amongst which exterior is the largest market. Sheet moulding compound (SMC), short fibre thermoplastic (SFT) and long fibre thermoplastic (LFT) are major products in fibre market. Among these LFT is expected to grow at the highest rate due its extensive properties such as high strength to weight ratio and resistance to chemicals, heat and corrosion. Europe will remain the largest market for light weight automobile due to European emission standards incorporated by European government. North America will grow at highest rate as Corporate Average Fuel Efficiency (CAFE) standards pressurize original equipment manufacturers (OEM's) to us light weight composites. The use of composites in Asia-Pacific is also expected to grow on account of government policies which compiles automotive manufacturers to follow environmental regulations.
Reasons for Buying this Report
- Composites in Automotive report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a five to seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future Outlook.
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