Increasing awareness among OEMs regarding stringent government regulations and rising demand for electric vehicles are some key factors driving revenue growth
VANCOUVER, CANADA, BC, November 11, 2021 /EINPresswire.com/ — Automotive Composites Market Size – USD 5.33 Billion in 2020, Market Growth – at a CAGR of 11.2%, Market Trends – Rising usage of natural fibers in automotive applications
Need for Original Equipment Manufacturers (OEMs) to comply with increasingly stringent government regulations as well as rising demand for Electric Vehicles (EVs) are some key factors driving global automotive composites market revenue growth. Increased usage of natural fibers in automotive applications, which are both cost-effective and environmentally beneficial, is expected to support revenue growth of the market going ahead.
A lighter vehicle body enables battery reduction while maintaining range in electric vehicles. Lowering the weight of vehicle body and battery pack has a compounding impact on overall vehicle weight reduction by allowing other components including the brake system and driving trains to be downsized.
The Automotive Composites report offers details about leading regions, applications, types, end users, market value and volume along with business verticals. The Automotive Composites report is generated through extensive research and is further evaluated by experts in the industry and offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
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The research Automotive Composites report also offers a detailed analysis of the market status, market definition and overview, market share, current and future trends, market drivers and constraints, opportunities and limitations, risks, sales network and distribution channels, details on entry barriers, and market growth prospects. It provides an extensive analysis of the key players operating in the global Automotive Composites market.
The key players in the Automotive Composites market are adopting various strategies such as mergers and acquisitions, joint ventures, collaborations, partnerships, research and development investments and product launches to gain robust footing in the Automotive Composites market and enhance their product base. The competitive landscape is consolidated with SGL Carbon SE, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation, Teijin Limited, Hexcel Corporation, UFP Technologies, Inc., Solvay S.A., Hexion Inc., Huntsman Corporation, and Gurit Holding accounting for the maximum share of the global Automotive Composites market.
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Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to presence of a large number of major market players such as Mitsubishi Chemical Holdings Corporation, Teijin Limited, and Toray Industries, Inc. among others in countries in the region.
It also analyzes the revenue growth, key factors impacting the market growth in each region, regulatory framework, economic growth, consumer demand, and presence of key companies.
The global Automotive Composites market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Automotive Composites market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Global Automotive Composites Market Report
To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Automotive Composites industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The Automotive Composites report gives a comprehensive report offering beneficial data about the competitive landscape of the Automotive Composites market and covers key details of the key companies along with their revenue contribution, financial standing, profit margins, strategic alliances such as mergers and acquisitions, and other key elements.
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The main aim of the Automotive Composites report is to help the user, reader, investor understand the exact market scenario. The report offers details about leading regions, applications, types, end users, Automotive Composites market value and volume along with business verticals.
Fiber Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Carbon Fiber Reinforced Plastic (CFRP)
Glass Fiber Reinforced Plastic (GFRP)
Natural Fiber (NF)
Product Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Metal Matrix Composites
Polymer Matrix Composites
Ceramic Matrix Composites
Resin Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Manufacturing Process Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Resin Transfer Molding (RTM)
Global Automotive Composites Market Report – Table of Contents:
Chapter 1 includes the global Automotive Composites market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Automotive Composites market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Automotive Composites market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Automotive Composites industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
Key questions addressed in the report:
What are the key factors driving the global Automotive Composites market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global Automotive Composites market?
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Source: EIN Presswire