Global Automotive Composites Market-Outlook, Opportunity, Projects, Application and Company Analysis 2019-2025

The latest report on Automotive Composites Market by Infinium Global Research gives complete coverage of the automotive composites market by fiber type (carbon fiber, glass fiber, and other fibers), resin type (thermoplastic, and thermoset), application (interior, exterior, powertrain, and chassis), vehicle type (passenger vehicles, and commercial vehicles) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of automotive composites such as North America, Europe, Asia-Pacific, and Latin America over the short run and long run.

Automotive Composite Market: Industry Insight

The automotive composites market is highly competitive and fragmented in nature. The number of local as well as multinational players is competing in the market. The key market players including Koninklijke Ten Cate bv, Hexcel Corporation, Toray Industries, Inc., Solvay S.A., and others are focusing on acquiring supply agreements with other companies, developing new products, and acquiring small companies to expand their presence and secure their positions in the automotive composites market.

Automotive Composite Market: Drivers, Restraints & Opportunities           

The growing demand for lightweight and fuel-efficient vehicles is majorly driving the automotive composite market. Moreover, the stringent government regulations to reduce carbon emission are expanding the demand for automotive composites. Furthermore, the stabilizing economy and an increase in disposable income are supporting the growth of the automotive composite market. However, the high production cost and limited technological advancements associated with automotive manufacturing are the major restraining factor for the growth of the automotive composite market. Nevertheless, the increasing sale of electric vehicles is expected to offer lucrative opportunities for the key players in the automotive composite market.

Automotive Composite Market: Segmentation

The Automotive composite market is segmented based on fiber type, resin type, application, and vehicle type. The fiber type of automotive composite includes carbon fiber, glass fiber, and other fiber. The carbon fiber composites segment among the composite type held the highest market share owing to higher adoption in manufacturing components due to its superior performance and lightweight. The resin type of automotive composite includes thermoset and thermoplastic. The thermoplastic resins are further classified into polypropylene, polyamide, polyphenylene sulfide, and others.

The thermoset resins are further classified into polyester, vinyl ester, epoxy, and others. The vehicle type of the automotive composites market includes passenger vehicles and commercial vehicles. Among the vehicle type, the passenger vehicles segment dominated the market owing to the growing demand for high-performance and fuel-efficient vehicles. The application of automotive composite is classified into the interior, exterior, powertrain, and chassis.

Automotive Composite Market: Regional Insight

Regionally, Europe held the highest market share, dominating the global automotive composite market. The dominance of the European region attributed to the increased demand for automotive composites from original equipment manufacturers (OEMs) and rising demand for superior performance materials that result in a lightweight, high strength, and reduced CO2 emissions of vehicles. Moreover, the significant presence of global automakers and component vendors is expected to boost the growth of the automotive composites market in Europe.

Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-automotive-composites-market

Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the automotive composites.
• Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
• Comprehensive analysis of the companies operating in this market.
• The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.