DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Growth Opportunities in the Global Automotive Thermoplastic Resin Composites Market" report to their offering.
Trends, opportunities and forecast in this market to 2021 by application type (exterior, power train system, under body system, chassis system, pressure vessel, interior, and others), material (SMC, LFT, SFT, prepreg layup, RTM, and other thermosets) region (North America, Europe, and APAC/ROW)
The future of global automotive composites carbon fiber market looks promising with opportunities in various applications, including exterior, power train system, under body system, chassis system, pressure vessel, interior, and others. Carbon fiber in the global automotive composites market is forecast to grow at a CAGR of 10.4% from 2016 to 2021.
The major growth drivers for this market are increasing automotive production and growing demand for lightweight materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions. Other major growth drivers include the growing demand for carbon fiber-reinforced plastics (CFRP) in luxury cars, race cars and other high-performance cars.
Emerging trends, which have a direct impact on the dynamics of the automotive composites carbon fiber industry, include development of transformative technologies and material systems to make carbon fiber parts for mass-volume vehicles.
The study includes a forecast for global automotive composites carbon fiber market through 2022 segmented by application, material and region as follows:
Automotive composites carbon fiber market by Application Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Under the body systems
- Chassis System
- Power train system
- Pressure Vessel
Automotive composites carbon fiber market by Material Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Sheet Molding Compound (SMC)
- Short Fiber Thermoplastic (SFT)
- Long Fiber Thermoplastic (LFT)
- Composite Holding Company
- Cytec Solvey Group
- Formosa Plastic Corp
- Hyosung Corporation
For more information about this report visit http://www.researchandmarkets.com/research/86v44g/growth