Global Automotive Composite Market to Reach $6.18 Billion by 2022 - Increasing Awareness to Use Lightweight Material for Automotive Component Manufacturing - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Automotive Composite Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report to their offering.

The global automotive composite market has generated the revenue of 3.38 billion in 2015 and is anticipated to reach up to 6.18 billion in 2022. Due to advancement of technologies, increasing awareness to use lightweight material for automotive component manufacturing. Rising vehicles production in Asia Pacific region, Rising demand of fuels efficient vehicles and increasing government regulations for environmental concerns are the major factors which helps to increase the market.

Increasing automotive production become the major factor to fuel the global automotive composite market. North America produced 19.95 million unit of vehicles in 2015 which was 0.53 million units higher than previous year that was 17.42 million in 2014. Due to this high production of vehicles in North America has increased the demand of automotive composite in North American region.

On the basis of segmentation, the global automotive composite market is segmented into types and application. On the basis of type the market of automotive composite is further segmented into, metal matrix composite, ceramic matrix composite and polymer matrix composite. The polymer matrix composite holds the largest market share owing to the increasing demand in the automotive industry. The polymer matrix composite is further segmented into glass, carbon and natural fiber reinforced polymer composites. The carbon fiber reinforced polymer composites are the fastest growing segment owing to increasing demand of fuel efficient cars and stiff environmental regulations and increasing application of composite in newer car model. Similarly, on the basis of application the market is segmented into exterior, interior and chassis & powertrain.

Companies Mentioned

  • Cytec Industries
  • Delphi
  • Ford Motors Company
  • General Motors Company
  • Johns Manville
  • Jushi Group Co.Ltd.
  • Koninklijke Ten Cate N.V.
  • Nippon Sheet Glass Co.Ltd
  • Owens Corniing
  • SGL Group - the Carbon Company
  • Scott Bader Company Ltd.
  • Teijin Limited
  • Tencate
  • Toray Industries
  • Volkswagen Group

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Global Automotive Composite Market By Region (Revenue Analysis) 2014-2022 ($ Million)

7. Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/6khkpb/global_automotive

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Composites, Automotive Materials

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Composites, Automotive Materials