Market Research Report
Automotive Composite Market Analysis By Product (Polymer, Metal, Ceramic) By Application (Interior, Exterior, Structural & Powertrain Components), By Region, And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||557214|
|Published||Content info||127 Pages
Delivery time: 1-2 business days
|Automotive Composite Market Analysis By Product (Polymer, Metal, Ceramic) By Application (Interior, Exterior, Structural & Powertrain Components), By Region, And Segment Forecasts, 2014 - 2025|
|Published: August 14, 2017||Content info: 127 Pages||
The global automotive composite market is anticipated to reach USD 6.97 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for light-weight vehicles that enable fuel saving and adhere to emission norms is projected to influence the market growth positively.
The polymer matrix composites segment dominated the market in 2016. These composites are extensively used in the manufacture of structural and exterior components which help improve the crashworthiness of vehicles. PMC also offers excellent corrosion resistance, formability, and reduces mechanical vibrations.
Asia Pacific & Europe are projected to experience significant demand for composites in the automotive industry. Joint ventures and long term contracts would be the key to success and durability for market participants. The rising automotive production in countries such as China, the U.S., Japan, Germany, India, and South Korea is projected to augment demand over the coming years.