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Home>Automotive Composite Market - Forecast to Reach $6.9 Billion by 2025 - Research and Markets

Automotive Composite Market - Forecast to Reach $6.9 Billion by 2025 - Research and Markets

Automotive Composite Market - Forecast to Reach $6.9 Billion by 2025 - Research and Markets

10/06/2017

Automotive Composite Market - Forecast to Reach $6.9 Billion by 2025 - Research and Markets

The "Automotive Composite Market, 2014-2025" report has been added to Research and Markets' offering.

The global automotive composite market is anticipated to reach USD 6.97 billion by 2025. The growing demand for light-weight vehicles that enable fuel saving and adhere to emission norms is projected to influence the market growth positively.

The polymer matrix composites segment dominated the market in 2016. These composites are extensively used in the manufacture of structural and exterior components which help improve the crashworthiness of vehicles. PMC also offers excellent corrosion resistance, formability, and reduces mechanical vibrations.

Asia Pacific & Europe are projected to experience significant demand for composites in the automotive industry. Joint ventures and long term contracts would be the key to success and durability for market participants. The rising automotive production in countries such as China, the U.S., Japan, Germany, India, and South Korea is projected to augment demand over the coming years.

Key players include Cytec Solvay Group, Toray Industries, Inc., SGL Group - The Carbon Company, and Teijin Limited. Companies offer a broad range of products and solutions for application specific use. With growing demand for light weight parts in the automotive sector, automobile manufacturers are collaborating with composite fabricators to develop new products catering to specific client requirement.

Companies Mentioned

  • Cytec Solvay Group
  • Toray Industries, Inc.
  • SGL Group - The Carbon Company
  • Teijin Limited
  • Koninklijke Ten Cate bv
  • Owens Corning Corp.
  • Johns Manville Corporation
  • Jushi Group Co., Ltd.
  • DowAksa
  • Mitsubishi Rayon Co., Ltd.

Key Topics Covered:

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