The latest research report by Emergen Research, named ‘Global Automotive Composites Market - Forecast to 2028’, entails a comprehensive review of the global Automotive Composites Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Automotive Composites Market, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Automotive Composites Market is a major attraction of the report.

The global automotive composites market size reached USD 5.33 Billion in 2020 and is expected to register a revenue CAGR of 11.2%, during the forecast period, according to latest analysis by Emergen Research. Need for Original Equipment Manufacturers (OEMs) to comply with increasingly stringent government regulations as well as rising demand for Electric Vehicles (EVs) are some key factors driving global automotive composites market revenue growth. Increased usage of natural fibers in automotive applications, which are both cost-effective and environmentally beneficial, is expected to support revenue growth of the market going ahead. The cost per kilo of weight saved in vehicle weight reduction techniques would be higher with EVs. In standard drive periods, conventional vehicles use more energy while accelerating, but can also recover kinetic energy during braking and slowing down. A braking energy recovery system is available in SEAT cars, in which the kinetic energy released during slowing, and  also when coasting, is turned into electrical energy by means of a specially designed generator, which is similar to a dynamo

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Some Key Highlights from the Report

• Natural fibers segment revenue is expected to expand at a significantly rapid CAGR during the forecast period because of its environmentally beneficial features. Natural materials including fruits, stalks, and leaves are used to produce these composites. Flax, hemp, kenaf, and jute are examples of natural fibers utilized in composites that are used in the production of automotive components.
• Resin Transfer Molding (RTM) segment is expected to register a significantly robust revenue growth rate over the forecast period. RTM is a production method for components made from fiber plastic composites. It involves pouring a reaction resin onto the dry, semi-finished fiber parts, and these parts are consequently immersed by applying pressure within a closed vessel. The method reduces material waste and overall component cycle times by approximately five minutes on average.
• Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to presence of a large number of major market players such as Mitsubishi Chemical Holdings Corporation, Teijin Limited, and Toray Industries, Inc. among others in countries in the region.

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Market Taxonomy:

Chapter 1: Methodology & Scope

• Definition and forecast parameters
• Methodology and forecast parameters
• Data Sources

Chapter 2:

Executive Summary

• Business trends
• Regional trends
• Product trends
• End-use trends

Chapter 3:

Industry Insights

• Industry segmentation
• Industry landscape
• Vendor matrix
• Technological and innovation landscape

Chapter 4:

Regional Landscape

Chapter 5:

Company Profile

• Business Overview
• Financial Data
• Product Landscape
• Strategic Outlook

Some major companies in the market report include:

SGL Carbon SE, Toray Industries, Inc., Mitsubishi Chemical Holdings Corporation, Teijin Limited, Hexcel Corporation, UFP Technologies, Inc., Solvay S.A., Hexion Inc., Huntsman Corporation, and Gurit Holding

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Emergen Research has segmented the global automotive composites on the basis of fiber type, product, resin type, manufacturing process, application, and region:

Fiber Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

• Carbon Fiber Reinforced Plastic (CFRP)
• Glass Fiber Reinforced Plastic (GFRP)
• Natural Fiber (NF)

Product Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

• Metal Matrix Composites
• Polymer Matrix Composites
• Ceramic Matrix Composites

Resin Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

• Thermoset
• Thermoplastic

Manufacturing Process Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

• Injection Molding
• Compression Molding
• Resin Transfer Molding (RTM)
• Others

Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

• Structural & Powertrain
• Interior
• Exterior
• Others

Regional Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

• North America
1. U.S.
2. Canada
3. Mexico
• Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. BENELUX
7. Rest of Europe
• Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
• Latin America
1. Brazil
2. Rest of LATAM
• Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

Elucidating the competitive landscape of the Global Automotive Composites Market:

• The global Automotive Composites market report offers viable insights into the competitive spectrum of the Automotive Composites business sphere.
• The report systematically profiles the company information of each market player.
• It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
• The study showcases the extensive product portfolios of the prominent market contenders.
• It offers critical data & information about the product application scope and the end-user landscape.
• The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.

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