Irving, TX -- (SBWIRE) -- 03/09/2017 -- According to a new market report published by Lucintel, the future of thermoset resin in the global automotive composites market looks good with opportunities in various applications of interior, exterior and others. Thermoset resin in the global automotive composites market is forecast to grow at a CAGR of 6.6% from 2016 to 2021.
This report has 183 figures/charts and 141 tables spread through 165 pages. For more detail on this report please click link http://www.lucintel.com/thermoset_resin_in_composites_industry.aspx
In this market, interior, exterior and others are the applications. On the basis of its comprehensive research, Lucintel forecasts that the exterior is expected to be the largest market and witness the highest growth rate during the forecast period of 2016 to 2021.
Within the thermoset resin in the global automotive composites market, SMC/BMC, PMC, and others are the major intermediate materials to manufacture automotive parts. SMC/BMC is expected to remain the largest market by value and volume, mainly driven by lowering the weight of the vehicle as well as offering parts consolidation, corrosion resistance, and lower capital investment for shorter series production.
By resin type, unsaturated polyester resin composites are expected to remain the largest market by value and volume consumption. Ease of handling, low cost, chemical resistance, and dimensional stability, as well as good mechanical and electrical properties are the properties which drive unsaturated polyester resin composite demand in automotive.
North American is expected to remain the largest market due to growing demand for lightweight and environmentally sustainable composite materials from the automotive industry. Government regulations, such as CAFÉ Standards in the US are putting pressure on OEMs to incorporate light-weight materials to curb the overall vehicle weight, and this is the key driver for thermoset resin in the automotive industry.
For business expansion, Lucintel's report suggests innovation and new product development to produce thermoset resin that have higher strength, lower environmental impact, fast curing, and ease of processing. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for customers.
North American is expected to remain the largest market due to growing demand for lightweight and environmentally sustainable composite materials from the automotive industry. Government regulations, such as CAFÉ Standards in the US are putting pressure on OEMs to incorporate light-weight materials to curb the overall vehicle weight, and this is the key driver for thermoset resin in the automotive industry.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of rapid cure resin systems, emergence of bio based thermosets, and increasing use of Fire, Smoke, and Toxic (FST) resin. Strategic alliances between OEMs, thermoset resin suppliers and fiber suppliers in the automotive composites industry are also the emerging trends. Ashland, Polynt, Huntsman Corporation, Aliancys A.G., Hexion, and AOC LLC are among the major suppliers of thermoset resin in the global automotive composites market.
Download Free PDF Report Brochure here http://www.lucintel.com/rb/thermoset_resin_in_composites_industry.aspx
The study includes a forecast for thermoset resin in the global automotive composites market by application, intermediate material type, resin type, by country and region as follows:
By Application Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Interior
- Exterior
- Others
By Material Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Sheet Molding Compound(SMC)
- Bulk Molding Compound(BMC)
- Short Fiber Thermoset (SFT)
- Phenolic Molding Compound (PMC)
- Others
By Resin Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Polyester
- Vinylester
- Phenolic
- Epoxy
- Polyurethane
By Region Type (Value ($M) and Volume (M lbs) from 2010 to 2021)
- North American
- Europe
- APAC/ROW
By Country (Volume (M lbs) 2015)
- US
- Canada
- Mexico
- Germany
- UK
- France
- Italy
- Spain
- China
- India
- Brazil
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/thermoset_resin_in_composites_industry.aspx or helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Tushita Roy
Sr.Manager – Client Engagement
The Netherlands
+31-6-82270883
Email- Tushita.roy@lucintel.com
This report answers following 11 key questions:
Q. 1. What are some of the most promising, high-growth segments in the market by application type (interior, exterior and others), resin type (polyester, vinylester, epoxy, phenolic and polyurethane resin), material (SMC/BMC, PMC, prepreg and others), by country(US, Canada, Mexico, Germany ,UK, France, Italy, Spain ,China ,India ,Brazil)and region (North America, Europe and APAC/ROW) ?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges and business risks in this market?
Q.5.What are the business risks and competitive threats in this market?
Q.6.What are the emerging trends in this market and the reasons behind them?
Q.7.What are some of the changing demands of customers in the market?
Q.8.What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10.What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q. 11.What M & A activity has occurred in the last 5 years and what is its impact on the industry?