The Global Automotive Plastics and Composites Market--Insights and Trends

Jan 28, 2016, 18:22 ET from Reportlinker

NEW YORK, Jan. 28, 2016 /PRNewswire/ -- The Global Automotive Plastics and Composites Market—Insights and Trends : Vehicle Lightweighting with Plastics and Composites Benefits Regulatory Compliance, Fuel Efficiency, and Cost Savings

This market insight is based on the premise that lightweighting through the use of plastics and composites in automotive vehicles will help meet global standards, improve fuel use, and, ultimately, cut costs. Discussions cover the impact of Mega Trends; industry challenges; market drivers, restraints, and trends; the value chain; and industry competition. Separate chapters explore the automotive plastics market (by resin types, thermosets, thermoplastics, and high performance polymers) and the automotive composites market (thermosets, thermoplastics). Volume and revenue forecasts span 2015 (base year) through 2022. Finally, insights are provided on opportunities for resins, plastics, and composites suppliers within the automotive industry.

Key Research Findings

Under-the-hood (UTH) will be the most dynamic application segment that offers immense metal replacement opportunities for plastic compounds. High performance and specialty polymers will increasingly find growth opportunities in this segment.

Partnership agreements involving compound manufacturers, component manufacturers, and automotive original equipment manufacturers (OEMs) will become more prevalent for specific application segments

Fragmentation in segments such as blends, acrylonitrile butadiene styrene (ABS), and polypropylene (PP) will take place, with smaller independent compounders gaining significant market share.

The composites industry is here to stay due to the diversity and multitude of more than applications, with aerospace as the leading adopter of innovations and automotive as the biggest user in terms of volume.

Replacing steel and aluminum panels (e.g., roof, door, hood, trunk lid) is the immediate choice for carbon fiber reinforced plastic (CFRP) applications in cars. Chassis and powertrain (cool side parts) are expected to follow as the next big applications.

Optimized and new manufacturing methods will assist in the growth of composites. Transition to advanced fabrication techniques as well as techniques which enable faster production of CFRP/ GFRP (glass fiber reinforced plastic) parts will enable their mass market uptake.

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