Market Research Report on the Automotive Composites Market

RAIPUR, INDIA, October 26, 2017 /EINPresswire.com/ --

Report Sellers has added a new market research report “Automotive Composite Market- Forecasts from 2017 to 2022” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.

According to the report, the automotive composites market is projected to grow at a CAGR of 8.08% over the projected period to reach US$7.322 billion by 2022, from US$4.965 billion in 2017.

High fuel prices and mounting concerns over the availability of limited non-renewable resources is driving the demand for fuel efficient vehicles, thereby propelling the automotive composites market growth. Moreover, the need to reduce carbon emissions in automotive due to environmental regulations along with strict automotive regulatory requirements further contribute to the market growth to an extent.

Superior properties and advantages of composites such as reduction in overall weight of the vehicle, resistance to chemical corrosion and improved performance are augmenting its adoption over the forecast period. However, the high cost of composites and rising concerns over recyclability may impede the market growth.

Competitive Insights: The major players discussed in the report include Toray Industries, Cytec Industries, TenCate, Owens Corning, Johns Manville, Jushi Group, Nippon Sheet Glass, Ford, SGL Group, and Volkswagen. The global automotive composites market is moderately fragmented with large players dominating the market. Product innovation and product line expansion through integration are some of the key strategies being adopted by the players to maintain a competitive edge.

Browse through the complete description and in-depth TOC on “Automotives Composite Market”
https://www.reportsellers.com/market-research-report/Automotive-Composites-Market---Forecasts-from-2017-to-2022

Report Scope

Automotive Composites market has been segmented by type, application, and geography as below:

By Type
Polymer Matrix
Glass Fiber
Natural Fiber
Carbon Fiber
Ceramic Matrix
Metal Matrix

By Application
Exterior
Interior
Structural
Chassis and Powertrain
Others
By Geography
Americas
North America
U.S
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe Middle East and Africa
Europe
UK
Germany
France
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
Japan
China
India
Australia
Others

We have a large number of reports in Chemicals and Materials which can be accessed in the following link
https://www.reportsellers.com/category/chemicals-market-research-report

About Report Sellers
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Aditya Joshi
Report Sellers
Email: sales@reportsellers.com
Direct: +1-214-396-2385

Aditya Joshi
Report Sellers
+1-214-396-2385
email us here

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