A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Automotive
Polymer Matrix Composites
Market. The
study, titled “Automotive
Polymer Matrix Composites Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2017 - 2025”,
is available for sale on the firm’s website.
A
composite is defined as a multiphase material that exhibits a
significant proportion of properties of both constituent phases. It
usually consists of a continuous phase, called the matrix, and a
dispersed phase called the reinforcement. Polymer matrix composite is
polymer-based reinforced material that is used in various end-use
industries such as construction, transportation, oil & gas,
sports, energy, aerospace, consumer goods, and electrical &
electronics. The automotive industry is a prominent end-use industry
for polymer matrix composites. Various resins such as polypropylene,
polycarbonates, polyamides, acrylonitrile-butadiene styrene, and
other engineered plastics are employed, along with reinforcing
fibers, to manufacture automotive polymer matrix composite. The
global automotive polymer matrix composites can be segmented into
fiber used and application areas in the automotive industry.
Browse
Market Research Report @
The
most commonly used fibers for automotive application are carbon fiber
and glass fiber. The carbon fiber reinforcement possesses diverse
mechanical and physical characteristics such as a high strength to
weight ratio and corrosion resistance. These properties allow it to
be utilized to make lightweight and strong components. However, glass
reinforcement is majorly produced due to its relatively low cost and
competitive physical and mechanical characteristics. Nevertheless,
high strength to weight ratio of carbon fibre reinforced composites
is predicted to offer enormous growth opportunities during the next
few years.
Composites
offer many structural and weight advantages over traditional steel
and injection molded automotive parts such as cost and weight
reduction and recyclability. Polymer matrix composites are generally
employed in the manufacturing of interiors, exteriors, and structural
parts. The exterior segment accounts for significant share of the
automotive polymer matrix composites market. The carbon fiber
reinforced composites is anticipated to be highly attractive segment
by the end of the forecast period due to rising demand for high
performance lightweight materials in the automotive industry.
The
passenger cars segment is anticipated to drive the expansion of the
global automotive industry due to a rise in disposable income.
However, increasing environmental concerns and pollution are
estimated to be a slight hindrance during the forecast period.
Automotive manufacturers are focusing on reducing their weight to
provide highly efficient cars and reduced fuel consumption.
Therefore, OEMs are substituting traditional materials with advanced
engineered composites such as polymer matrix composites. Furthermore,
polymer matrix composites offer high stiffness, tensile strength, and
temperature tolerance, and low weight and thermal expansion. Thus,
they are preferred in the manufacture of automobiles. This is
estimated to boost the demand for automotive polymer matrix
composites during the forecast period. Additionally,
polymer-reinforced composites offer excellent crash performance as
compared to traditional steel. Therefore, along with weight
reduction, composites in vehicles offer better safety components.
These properties are predicted to augment the demand for automotive
polymer matrix composites in the near future. However, the high cost
of carbon composites might slightly hinder the expansion of the
automotive composites market in the near future.
In
terms of geography, the global automotive polymer matrix composites
market can be segmented into North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa. The automotive polymer
matrix composites market in Asia Pacific is anticipated to expand
during the forecast period due to rapid expansion of the automotive
industry in countries such as China, India, and Japan. Thus, Asia
Pacific is anticipated to dominate the global market during the
forecast period. North America and Europe follow Asia Pacific in the
automotive polymer matrix composites in terms of market share.
Nonetheless, North America is anticipated to offer high growth
opportunities for the carbon reinforced automotive polymer composites
market. The automotive polymer matrix composites market in Latin
America is likely to expand at a significant rate during the forecast
period, due to the considerable expansion of the automotive industry
in the region. Middle East & Africa is also anticipated to expand
in the automotive polymer matrix composites market.
Get
accurate market forecast and analysis on the Automotive Polymer
Matrix Composites market. Request a sample to stay abreast on the key
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The
global automotive polymer matrix composites market is slightly
consolidated, with U.S. and China being prominent manufacturers of
composites. However, there are several manufacturers around the
world. Key players operating in the automotive polymer matrix
composites market include Hexcel Corporation, TPI Composites, Inc.,
Owens Corning, Teijin Limited, Toray Industries, and Hexagon
Composites
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
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proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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