Stratview Research in its recently published report on Automotive Composites Market has offered a glimpse of the growth rate, current trends and other important details of the said market. Also, the report offers a researched and analyzed prediction of the market during the forecast period of 2019-2024.
The report stated that the automotive composites market should reach up to an estimated value of US$ 15.6 billion by the year 2024. Organic growth in the automobile production, strict government regulations regarding carbon emission reductions and fuel efficiency enhancements, such as CAFÉ Standards, and excellent weight reduction offered by composite materials, a shift towards all-composites parts, a significant reduction in number of parts, and excellent chemical as well as corrosion resistance are some of the factors that are escalating the demand for composite materials in the industry.
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As per the report published by Stratview Research, among different vehicle types, passenger car is expected to remain the growth engine of the automotive composites market during the forecast period due to the high production of cars coupled with good composites penetration.
Composites are now being used in all possible application areas of a vehicle such as interiors, exteriors, and under the hood. The published report has quoted under the hood applications such as engine oil pan, aero ducts, engine cover, and similar others to have the highest level of composites penetration.
The Table of Contents for the report can be requested here https://www.stratviewresearch.com/toc/581/automotive-composites-market.html
Stratview Research through its report on Automotive Composites Market offers predictions such as glass fiber composite is expected to remain the dominant segment of the market during the forecast period, while carbon fiber composite is also expected to grow at a faster rate.
The report also offers a detailed study about the different resin materials used such as Polyester, Polyamide, Polypropylene, and others that are used in different parts of the vehicle.
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The report showcases the regional insights, along with the manufacturing players such as BASF SE, Solvay S.A., and many others who are emerging fast and their roles in the growing market. It also portraits various important mergers, acquisitions, and other current trends in the automotive composites market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Automotive Composites Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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