Market Research Report
Growth Opportunities in the North American Automotive Composite Market
|Published by||Lucintel||Product code||296191|
|Published||Content info||165 Pages, 84 Figures /Charts and 22 Tables
Delivery time: 1-2 business days
|Growth Opportunities in the North American Automotive Composite Market|
|Published: December 29, 2016||Content info: 165 Pages, 84 Figures /Charts and 22 Tables||
Growth Opportunities for Composites in the North American Automotive Market
Trends, opportunities and forecast in this market to 2021 by application type (interior, exterior, power train, chassis, under the body systems, and others), resin group (PP composites, PBT composites, vinyl ester composites, polyester composites, PA composites, epoxy composites, phenolic composites, and other composites), material (SMC, BMC, LFT, SFT, GMT, Phenolic composites, PU composites, and other composites), fiber composite group (glass fiber composites, carbon fiber composites, and natural fiber composites),resin group ( thermoset composites and thermoplastics composites) Country ( US, Canada, and Mexico) in North America.
The future of the North American automotive composites market looks good with opportunities in various applications such as exterior, interior, power train system, chassis system, under body system, and others. The North American automotive composites market is expected to reach an estimated $3.5 billion by 2021 and it is forecast to grow at a CAGR of 6.0% from 2016 to 2021. The major drivers of growth for this market are increasing automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency and reduce greenhouse gas emissions. The US government has set new standards requiring light vehicles to achieve a Corporate Average Fuel Efficiency (CAFE) standard of 36.6 mpg by 2017 and 54.5 mpg by 2025. The federal proposal to improve CAFE standards serves as a major stimulus to incorporate lightweight materials such as composites.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing penetration of thermoplastic and carbon composites. Strategic alliances between OEMs, carbon fiber and resin suppliers in the automotive industry are also the emerging trends.
A total of 84 figures / charts and 22 tables are provided in this 165-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure.
The study includes a forecast for the North American Automotive Composites market by application, by resin composites type, material type, by fiber composites type, by resin group type, and by country as follows:
Continental Structural Plastics, IDI composites, DuPont, and Interplastic Corporation are among the major suppliers of composites in the North American automotive market.
On the basis of its comprehensive research, Lucintel forecasts that the power train system is expected to be the largest market and chassis system are expected to show higher growth during the forecast period of 2016 to 2021.
Within the North American automotive composites market, sheet molding compound (SMC), bulk molding compound (BMC), glass mat thermoplastic (GMT), short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), continuous fiber thermoplastic (CFT), phenolic composites, polyurethane (PU) composites, natural fiber composites and other carbon thermoset composites are the major materials.
SFT is expected to remain the largest market by value and volume, mainly driven by small complex shaped components in under the hood applications.
By resin type, polypropylene (PA) composites are expected to remain the largest market by value and volume consumption. High resistance to abrasion, low friction characteristics, electrical resistance, heat resistance, and good chemical resistance are the properties which drive the PA composite demand in automotive.