London, UK (PRWEB) December 09, 2014
Composites are widely used in different industry verticals, including the automotive industry, owing to their properties, such as light weight and environmental resistance. The carbon fiber composites sector posts the fastest growth rate, driven by increased use of these composites in the chassis and powertrain components application area. Exterior components form the biggest application of automotive composites, which is forecast to be valued at around USD 3.556 billion by 2019.
The global automotive composite market is expected to reach a value of more than USD 7.142 billion by 2019. The growth is driven by increasing demand for fuel efficient cars, and reduced weight and parts consolidation opportunities offered by automotive composite, among other factors. However, high prices for composites and recyclability concerns could pose a challenge to the future growth in the market. The APAC region is the largest regional market for automotive composites, accounting for just over 43% of the overall demand for automotive composites in 2013. China is the region’s leading consumer of automotive composites.
Toray Industries Inc., Owens Corning, Johns Manville, SGL Group, Cytec Industries Inc., Koninklijke Ten Cate nv, Nippon Sheet Glass Co., Ltd., Jushi Group Co. Ltd., and Teijin Limited are some of the key automotive composite makers.
The discounted research report “Automotive Composite Market by Type (Polymer Matrix Composite, Metal Matrix Composite, and Ceramic Matrix Composite) and by Application (Interior Components, Exterior Components, Chassis & Powertrain Components and Others) - Global Trends & Forecast to 2019” composed by MarketsandMarkets (M&M) is now available at MarketPublishers.com.
Title: Automotive Composite Market by Type (Polymer Matrix Composite, Metal Matrix Composite, and Ceramic Matrix Composite) and by Application (Interior Components, Exterior Components, Chassis & Powertrain Components and Others) - Global Trends & Forecast to 2019
Published: November, 2014
Price: US$ 4,185.00
The research study analyses the global automotive composite market, segmented by type, application and geographic region, with current estimations and forecasts of the market volume and value through 2019. It identifies and scrutinizes the driving and limiting factors, provides a detailed analysis of opportunities, trends, pressing issues, winning imperatives, and key challenges. The report also includes profiles of the top 13 companies and examines their recent finances, services and products, competitive strategies and insights, and latest developments.
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- Track how the market is projected to develop through to 2019.
More discounted reports by the publisher can be found at MarketsandMarkets page.