DUBLIN—Research and Markets has announced the addition of the "Growth Opportunities for the European Automotive Composites Market 2016-2021: Trends, Forecast, and Opportunity Analysis" report to their offering.

Growth Opportunities for the European Automotive Composites Market: Trends, opportunities and forecast in this market to 2021 by material type (SMC, BMC, GMT, SFT, LFT, CFT, phenolic, PU, natural fiber, and other composites), by resin composites type (PP, PBT, vinyl ester, PA, epoxy, polyester, phenolic and others), by fiber type (glass fiber, carbon fiber and natural fiber composites), by resin group (thermoplastic and thermoset composites), by application (interior, exterior, power train system, under body system, electrical and electronics, nd others) and by country (Germany, France, UK, Spain, Italy, and Others.

The future of the European automotive composites market looks good with growth opportunities in various applications exterior, interior, power train system, chassis system, under body system, and others. The European automotive composites market is expected to reach an estimated $4.1 billion by 2021 and it is forecast to grow at a CAGR of 5.8% from 2016 to 2021. The major drivers of growth for this market are increasing automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency and reduce greenhouse gas emissions.

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing penetration of thermoplastic and carbon composites. Another emerging trend is the formation of strategic alliances between OEMs and carbon fiber and resin suppliers in the automotive industry.

On the basis of its comprehensive research, the author forecasts that natural fiber composites are expected to show highest growth; however, SFT composites are expected to remain the largest market during the forecast period of 2016 to 2021.

Within the European automotive composites market, polypropylene (PP) composites, polybutylene terephthalate (PBT) composites, polyamide (PA) composites, vinyl ester composites, polyester composites, phenolic composites, and others are the major resin type segments. PP composites are expected to remain the largest market by value and volume consumption. High resistance to abrasion, low friction characteristics, electrical resistance, heat resistance, and good chemical resistance are the properties which drive the demand for PA composites in automotive.

By fiber composites, glass fiber composites market is expected to remain the largest fiber segment; the carbon fiber composites market is expected to witness highest growth over the forecast period. Increasing penetration of carbon composites in sports, luxury and electrical vehicles are the major drivers for usage in automotive market.

Key Topics Covered:

1. Executive Summary

2. European Automotive Composites Market Dynamics

3. Market Trends and Forecast Analysis

4. Country Analysis

5. Competitor Analysis

6. Growth Opportunities and Strategic Analysis

7. Company Profiles of Leading Players

Companies Mentioned

  • BASF
  • Continental Structural Plastics
  • DSM
  • Hanwha
  • LORENZ Kunststofftechnik GmbH
  • Lanxess
  • Magna International Corporation
  • Menzolit
  • Quadrant Plastic Composites
  • Ranger Italiana

For more information about this report visit http://www.researchandmarkets.com/research/vm72g2/growth

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Related Topics: Composites, Automotive Materials