Automotive Composites Market Trend Evaluation with covid-19 impact.
June 10, 2020
Automotive Composites Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Automotive Composites Market is no different. Derived from the previous market scenario, the Automotive Composites Market was expected to reach US$ 15.6 billion but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Get access to a deeper coverage of the impact of COVID-19 on the Automotive Composites Market here: https://www.stratviewresearch.com/581/automotive-composites-market.html
The Diverse Stand Point:
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Automotive Composites has been viewed from various perspectives such as:
- By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty)
- By Application Type (Interior Composites, Exterior Composites, Under the Hood Composites, Other application-based Composites)
- By Reinforcement Type (Glass Fiber Composites, Carbon Fiber Composites)
- By Resin Type (Polyester Composites, Polyamide Composites, Polypropylene Composites, Epoxy Composites, Other resin-based Composites)
- By Process Type (Compression-Molded Composites, Injection-Molded Composites, Resin-Infused Composites, Filament-Wound Composites, Other Process-based Composites)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
Get a free sample of the report here:
https://www.stratviewresearch.com/Request-Sample/581/automotive-composites-market.html
Automotive Composites Market Segment Insights:
The automotive composites market is broadly segmented based on vehicle type as Passenger Car, LCV, and M&HCV. Passenger car is expected to remain the growth engine of the automotive composites market during the forecast period.
Click below to run through the detailed ToC of the report:
https://www.stratviewresearch.com/toc/581/automotive-composites-market.html
Composites are used in all major application areas in the automotive industry, such as interiors, exteriors, and under the hood. Composites have the highest level of penetration in under-the-hood application areas, such as air intake manifold, radiator end tanks, engine oil pan, engine cover, aero ducts, and charge-air-cooler end caps. Temperature and heat resistance are the major requirements of the materials used in under-the-hood applications. Amongst resins, polyamide resin is the perennial choice as it can withstand temperature about 260o C and is lightweight, resistant to road salt and engine fluids, and offers excellent mechanical properties.
Exterior applications of composites generally include large-sized components and are relying more on LFRT and SMC compounds, unlike the under-the-hood segment that predominantly uses SFRT compounds. Front-end module, fender, bumper, liftgate, door module, and hood are key applications of composites in exteriors. Apart from interior, exterior, and under the hood, composite materials are also gaining sheet interest in various other applications such as leaf springs, pressure vessels, underbody shield, and driveshaft.
The supply chain of this market is convoluted and comprises several nodes including raw material suppliers, composite material manufacturers, compounders, distributors, part fabricators, tier players, and OEMs. The key automotive composite manufacturers are Ashland Global Holdings Inc., AOC, LLC , BASF SE, Continental Structural Plastics Inc. (CSP), Solvay S.A., Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Hexion Inc., Huntsman Corporation, Lanxess GmbH, SABIC (Saudi Basic Industries Corporation) , Toray Industries, Inc., and Owens Corning Corporation.
Europe and North America capture a large chunk of the global automotive composites market. The average composite content per vehicle is higher in Europe and North America as compared to the Asia-Pacific region, which led to a low share of Asia-Pacific despite being the largest vehicle producer across the globe. The USA, Canada, Mexico, Germany, France, China, and Japan are some key countries across the globe, accounting for a significant share in the market.
Click here for other high value market reports from Stratview Research in the Automotive Industry: https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Covid-19 Impact Assessment
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
For enquiries,
Contact:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176