Published on : Apr 11, 2018
Albany, New York, April 11, 2018: A new insightful study titled “Composites in Automotive Applications: Global Markets to 2022” has recently been added to the repository of Market Research Hub (MRH). The report is a holistic source of analysis and insights on the composites used in automotive applications. The report has a specific focus on plastic composites, especially carbon fiber composites.
The report is a holistic source of information and analysis on the composites used in automotive applications. The report studies the applications of composites used in automotive applications in detail, and offers insights on the drivers, restraints, opportunities, and trends prevailing in the market. A quantitative analysis is also offered in the report, with chief focus on carbon fiber composites. The 32 data tables included in the report offer a thorough analysis of the global automotive composites market.
Highlighting the key growth factors prevailing in the market, the report studies the global automotive industry across the key markets. According to the report, steady growth of the automotive industry, especially in North America and Asia Pacific is likely to drive the growth of automotive composites during the assessment period. China and India are among the key countries that are driving the demand for automotive, owing to a rising middle class population. The growth of the automotive industries in these countries is likely to fuel demand for automotive composites in the near future.
The report also discusses the impact of the innovation sweeping the industry on the composites industry. The automotive industry is in the midst of a technological transformation, with driverless cars, electric vehicles, ADAS, etc. forcing component manufacturers to adapt to the changing status quo. According to the report, composite manufacturers will need to adapt to a rapidly changing landscape, as innovative models have made many traditional components obsolete.
Asia Pacific is likely to be one of the most important markets for automotive composites during the assessment period. A high number of composite manufacturers are based in Asia Pacific. The cost advantage in Asia Pacific, owing to easy procurement of raw materials and easy availability of labor will continue to make the region a leading hub of composite manufacturing. However, the prevailing China-US trade war can lead to a decline in total exports.
The report also profiles some of the leading players in the market. Owing to the nature of the market, it remains highly fragmented. Some of the leading players in the market include ADVANCED CARBON TECHNOLOGIES INC., ALBANY ENGINEERED COMPOSITES, ADVANCED COMPOSITES INC., AOC LLC, BULK MOLDING COMPOUNDS INC., ASBURY CARBONS, THE COMPOSITES GROUP, COOK COMPOSITES AND POLYMERS (CPP), CONTINENTAL STRUCTURAL PLASTICS, and CORE MOLDING TECHNOLOGIES.
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