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This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the automotive composite materials industry. The report analyzes and declares the historical and current trends analysis of the automotive composite materials industry and subsequently recommends the projected trends anticipated to be observed in the automotive composite materials market during the upcoming years.
The automotive composite materials market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire automotive composite materials market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered forty 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the automotive composite materials industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the automotive composite materials industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the automotive composite materials market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the automotive composite materials industry. The automotive composite materials market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the automotive composite materials sector. Key strategic developments in the automotive composite materials market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the automotive composite materials market are appropriately highlighted in the report.
A composite material is a composition of high-performance fiber with a matrix material, for instance, carbon or glass in the epoxy polymer. This composition enhances the physical and chemical properties of the material. Composite automotive materials such as carbon-fiber composites are considered as fuel-efficient, lighter and safer for vehicles as they weigh one-fifth of steel but perform better in terms of strength and stiffness. These advantages of composite material over other materials and metals used in the automotive industry are one of the key factors bolstering the market growth in recent years. In addition, automotive composite materials have better corrosion resistance, a low thermal coefficient expansion for heat conduction and relatively less weight as compared to traditional materials. These physical properties of composite materials are anticipated to fuel its adoption in the automotive industry.
The automotive composite materials market research report delivers an acute valuation and taxonomy of the automotive composite materials industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the automotive composite materials industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the automotive composite materials industry is provided for the leading economies of the world.
The automotive composite materials market is segmented based on the manufacturing process, material, resin type, fiber type, and application. On the basis of the manufacturing process segmentation, the market is classified into Lay-up Process, Compression Molding Process, Resin Transfer Molding(RTM) Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, Vacuum Infusion, and Other Processes. In terms of material segmentation, the market is bifurcated into Polymer Matrix Composite(PMC), Metal Matrix Composite (MMC), and Ceramic Matrix Composite (CMC). The resin type segment is divided into Thermoplastic and Thermoset. On the basis of fiber type, the market is bifurcated into carbon, glass, and others. The applications are segmented into the interior, exterior, powertrain, structural, and others.
Some of the essential players operating in the automotive composite materials market, but not restricted to include Toray Industries, Inc., SGL Carbon SE, Solvay S.A., UFP Technologies, Inc, Koninklijke Ten Cate bv, Gurit, Toho Tenax Co., Ltd., Mitsubishi Chemical Corporation, Plasan Carbon Composites, Inc., Continental Structural Plastics Inc, Owens Corning, BrajBinani Group, Hexcel Corporation, MubeaCarbo Tech GmbH, MubeaCarbo Tech GmbH, GMS Composites, TPI Composites Inc, Hanwha Azdel, Inc., Magna International Inc., Mahindra CIE Automotive Ltd., Hyosung Advanced Materials Corp, DowAksa Advanced Composites, SABIC, Diab Group, Huntsman Corporation, and other key players.
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