DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gbqsxs/composite) has announced the addition of the "Composite Materials Market 2015 - Global Forecast to 2020" report to their offering.
The Composite Materials Market Size Is Projected to Grow at a Promising CAGR of 14.02% During the Forecast Period, to Reach USD 84.92 Billion by 2020
In 2015, major trends in the automotive industry are towards delivering more fuel efficient vehicles, providing a safer vehicle for the end-users, and as well as reduction in exhaust emissions. Hence, composite materials manufacturers are striving to improve the materials used in a vehicle to provide the adequate fuel efficiency and vehicle manufacturers on controlling the emission systems with advanced technologies.
The growth in this industry has been on a constant rise, given the changing emission norms across the globe along with increasing vehicle production. Manufacturers of composite materials are coming with new and advanced manufacturing process to make improved composite materials to meet rigorous standards.
Key global composite materials manufacturers include Toray Industries Inc. (Japan), Cytec Industries Inc. (the U.S.), Teijin Ltd. (Japan), SGL Carbon SE (Germany), and TenCate N.V. (the Netherlands).
Though these companies are major players in the industry, the demand for the composite materials is highly dependent on the rise in vehicle production and changing emission norms imposed by governments across different countries.
Scope of the Report
By Manufacturing Process
- Lay-up Process
- Compression Molding Process
- Resin Transfer Molding (RTM) Process
- Filament Winding Process
- Injection Molding Process
- Pultrusion Process
- Vacuum Infusion
- Other Processes
By Material Type
- Polymer Matrix Composite (PMC)
-- Carbon Fiber Reinforced Plastic (CFRP)
-- Glass Fiber Reinforced Plastic (GFRP)
-- Natural Fiber Reinforced Plastic (NFRP)
- Metal Matrix Composite (MMC)
- Ceramic Matrix Composite (CMC)
- Other Applications
Locomotive & Rolling Stock Composite Materials Market, By Region
Automotive Brake System Market, By Region
- Cytec Industries Inc.
- Johns Manville
- Johnson Controls Inc.
- Jushi Group Co. Ltd.
- Koninklijke Ten Cate Nv
- Mitsubishi Rayon Co. Ltd.
- Owens Corning
- Sgl Carbon Se
- Teijin Ltd.
- Toray Industries, Inc.
For more information visit http://www.researchandmarkets.com/research/gbqsxs/composite
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