DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Growth Opportunities in the Global Automotive Thermoset Resin Composites Market" report to their offering.
Thermoset resin in the global automotive composites market is forecast to grow at a CAGR of 6.6% from 2016 to 2021.
The future of automotive thermoset resin composites market looks good with opportunities in interior, exterior and others components. The major growth drivers for this market are increasing automotive production and growing demand for lightweight and durable materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions.
Emerging trends, which have a direct impact on the dynamics of the automotive thermoset resin composites industry, include development of rapid cure resin systems, emergence of bio based thermosets, and increasing use of Fire, Smoke, and Toxic (FST) resin.
Within the thermoset resin in the global automotive composites market, sheet molding Compound/bulk molding compound (SMC/BMC), phenolic molding compound (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.
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.
Automotive thermoset resin composite companies profiled in this market report include 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.
Scope of the Report
Automotive thermoset resin composites market by Automotive Components (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Interior
- Exterior
- Others
Automotive thermoset resin composites market by Automotive Applications (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Pickup box
- Closer panel
- Body panel
- Fenders
- GOR
- Heat Shield
- Headlamp reflectors
- Others
Automotive thermoset resin composites market by Material Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Sheet Molding Compound(SMC)
- Bulk Molding Compound(BMC)
- Short Fiber Thermoset (SFT)
- Phenolic Molding Compound (PMC)
- Others
Automotive thermoset resin composites market by Resin Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- Polyester
- Vinylester
- Phenolic
- Epoxy
- Polyurethane
Automotive thermoset resin composites market by Region Type (Value ($M) and Volume (M lbs) from 2010 to 2021):
- North American
- Europe
- APAC/ROW
Automotive thermoset resin composites market by Country (Value ($M) and Volume (M lbs) 2015):
- US
- Canada
- Mexico
- Germany
- UK
- France
- Italy
- Spain
- China
- India
- Brazil
Companies Mentioned
- AOC, LLC
- Ashland
- BASF SE
- Bayer Material Science
- DOW Chemical Company
- DSM
- Huntsman Corporation
- Momentive
- Polynt
- Reichhold
For more information about this report visit http://www.researchandmarkets.com/research/k657dp/growth
