Albany, NY -- (SBWIRE) -- 03/12/2019 -- According to this business publication, the demand in the global automotive composites market will expand at an impressive CAGR of 8.9% during the forecast period of 2017 to 2022. Revenue-wise, the analyst of the report has estimated that there will be opportunities worth US$7,019.7 million to be made out of the automotive composites market by the end of 2022, considerably more than the market's evaluated valuation of 4,589.7 million in 2017.

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An up to date business intelligence report notifies that the shares in the global automotive composites market are moderately consolidated among a handful of players who have the technological expertise to cater to diverse demands. In the automotive industry, the current trend is to develop vehicles that are fuel efficient, and a number of players are transforming their business to meet these changing requirements. For instance, Toray Industries has inaugurated a new production facility in Japan that is expected to starting churning out electrode sheets for nearly 100,000 fuel cell vehicles each year from 2018 onwards. Toray's new carbon fiber composite is expected to be stronger and lighter with complex shapes.

Toho Tenax is another reputed name in the global automotive composites market, providing customized products from lightweight electric hybrids to high-performance racing cars. Some of the popular products from the company are Tenax Filament Yarn, Tenax ThermoPlastics, Tenax Short Fibers, Tenax Dry Reinforcements, Tenax Part via Preform, and Tenax Prepreg. Solvay S.A. is another key holding a strong position in the global automotive composites market, offering its DForm® component technology that serves the high and medium volume automobile market, providing high deposition rates and ease of processing with its continuous fiber advanced molding system.

This report on the global automotive composites market has been developed to serve as a reliable business tool for its targeted audiences such as manufacturers of automotive composites, suppliers and distributors of raw materials, end-users, and industry associations. Compiled by a group of professional and experienced research analysts, this report provides in-depth assessment of individual market dynamics such as driver or restraint, elaborates some of the latest trends, segments it on the basis of material type, manufacturing process, and composite components to represent the lucrativeness of smaller aspects, evaluates the potential of the market in various regions, and profiles some of the major companies in order to represent the competitive landscape. The report also contains Porters five forces analysis, highlighting bargaining power of buyers and suppliers as well as threat of new entrants and substitutes.

Global Automotive Composites Market: Research Methodology

This research report is a product developed by a combination of experienced market research analysts and is a summation of primary and secondary research, conducted specifically to understand and arrive at trends before using them to forecast the expected revenue of the global automotive composites market. A major chunk of our research efforts depended on information collected from in-depth interviews and discussions with a number of experts of the industry as well as opinion leaders. On the other hand, the secondary research for the development of this report included study of company websites, press releases, annual reports, investor presentations, various international and national databases.

The logic behind the secondary research was for the report to provide qualitative and quantitative estimated market size in terms of US$ Mn for each material type, manufacturing process, and composite components. In addition to that, the report provides estimated market size in terms of US$ Mn for various geographic regions for the period 2017 to 2022, considering the macro and micro environmental factors. To evaluate the revenue generated from each product, the report has considered their launch date in the market, customer acceptance, price of the product, volume sales, trends in industry, and adoption rate across all the geographies.

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Global Automotive Composites Market: Segmentations

Based on composite materials, the report segments the market for automotive composites into polymer matrix, ceramic matrix, and metal matrix. On the basis of manufacturing process, the market has been bifurcated into injection and continuous process, compression process, and manual process. The market has also been categorized on the basis of composite components, into engine and drivetrain components, exterior, and interior.

Global Automotive Composites Market: Regional Outlook

The report evaluates the potential of the automotive composites market in the regions of North America (The U.S. and Canada), Europe (The U.K., Germany, France, Spain, Italy, and Nordic), Latin America (Brazil, Argentina, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, Thailand, and Australia), and The rest of the World. The size of the market and its forecasted valuations for each of these regions as well as the mentioned countries have been given for the period from 2017 to 2022, along with their independent CAGRs for the forecast period from 2017 to 2022, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.

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