NEW YORK, March 23, 2016 /PRNewswire/ -- Global Automotive Composites Market : CFRPS are Likely to Present Robust Growth Opportunities with a CAGR of 20.9%
This research service identifies the major industry drivers, restraints, regional trends, and technology segment trends in the global automotive composites market. The research covers 4 regions: North America, Europe, Asia-Pacific, and Rest of World. The study provides an in-depth analysis of carbon, glass, and natural fibre composites along with a detailed analysis on the different types of resins used in each of these applications. Regional trends and application level analysis of different resins has also been provided. Competitive structure and market share analyses have been provided at the total market level. Unit shipment, revenue forecasts, and pricing trends have been provided for each segment. The base year is 2014, and the forecast period ends in 2021.
1 Thermoplastic resins are currently dominating and are expected to continue to dominate the short and long fibre composites market. Thermoset resins are the preferred material for continuous fibre composites and this trend is expected to continue.
2 Thermoset-based prepregs are likely to witness robust growth owing to the higher share of thermosets in continuous carbon fibre composites. The slower adoption of thermoplastic prepregs can be attributed to the fact that it requires a significant level of automation, which in turn results in increased capital investments restraining growth.
3 Polymer manufacturers acquiring prepregging capability will gain prevalence in the market, and thereby offer stiff competition to stand-alone prepreg manufacturers.
4 Exhaustive material information is a key unmet need amongst end users in the composites market. It is expected to become increasingly critical for composite manufacturers to provide component level information in terms of testing, product behavior under varying conditions as against material level information.
Key Questions This Study Will Answer
- Is the market growing, how long will it continue to grow, and at what rate?
- Which segments are poised to grow in the future?
- What are the key factors driving and restricting growth in this market?
- What are the regional trends in the market?
- Who are the leading market participants?
- What are the key competitive factors governing this market?
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