Automotive Composites Market Size, Share, Top Key Players, Growth, Trend

1. Automotive Composites Market Report 2020-2028 www.emergenresearch.com Increasing awareness among OEMs regarding stringent government regulations and rising demand for electric vehicles are some key factors driving market revenue growth

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5. Market Summary 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 www.emergenresearch.com

6. Market Summary • 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. • 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. • 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 GuritHolding • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/831 www.emergenresearch.com

7. Market Summary • 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 • Read More@https://www.emergenresearch.com/industry-report/automotive-composites-market

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