Report Scope: The report analyzes the current and projected market for the major types of plastic composites used in automotive applications, with particular emphasis on carbon fiber composites.
New York, March 21, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Composites in Automotive Applications: Global Markets to 2026” –
This report covers technological, economic and business terms as they relate to car composites and their applications.
Estimated values used are based on the total income of the manufacturer. Forecast and forecast earnings values are in constant US dollars, not adjusted for inflation.
Report contains:
– 64 data tables and 18 additional tables
– A current overview of the global markets for composites and automotive applications
– Analysis of global market trends, with data from 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2026
– Estimation and forecast of the global automotive composite consumption market size and value in volumetric terms, projected growth trends, and appropriate market share analysis by type, application, end consumer and geographical region
– Identification of Key Market Dynamics (DROs), Technology Updates, and COVID-19 Implications for the Progress of This Market
– Coverage of the general description, material types and importance of reinforced polymer composites and comparative study between thermoset vs thermoplastic composite
– Discussion on the role of composites in reducing automotive energy consumption and emissions, and how the automotive sector contributes to greenhouse gases and other emissions
– Insights into the regulatory framework and general idea on fuel economy standards, fuel taxes, and safety standards of the automotive industry
– Market share analysis of key companies in the industry and coverage of events such as mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
– Company profiles of major market players including Albany International, DSM Engineering Plastics North America, Evonik Industries, Honeywell International, Johns Manville, Mitsubishi Chemical Corp., SGL Carbon Group, Solvay and Toray Industries, Inc.
Summary:
Automotive composite demand, which was an estimated REDACTED Pound in 2020, is expected to reach approximately REDACTED Pounds by 2021 and REDACTED Pounds by 2026, which corresponds to a compound annual growth rate (CAGR) of REDACTED%, as shown below.
Reasons to do this study
This study is an update of an earlier report published in 2018. The automotive composite industry and markets have continued to evolve in the years since the previous edition was published.
In light of these developments, the analyst came to the conclusion that the future growth rate of this market is significantly higher than the forecast in 2018 report. This revised study includes new market forecasts that reflect the higher growth rate.
Suppliers of automotive composites need to understand these trends to effectively manage their business and resources. Composite users must also understand the impact of these changes in order to choose the most cost-effective option between available products and technologies before engaging significant capital resources.
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