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Research and Markets: Composites in the European Automotive Market is Expected to Reach $1824.9 Million by 2014

DUBLIN--Research and Markets(http://www.researchandmarkets.com/research/3f1404/opportunities_for) has announced the addition of the "Opportunities for Composites in the European Automotive Market 2009-2014: Trends, Forecast and Opportunity Analysis" report to their offering.

“Opportunities for Composites in European Automotive Market 2009-2014: Trends, Forecast, and Opportunity Analysis”

Composites are becoming the material of choice for replacing traditional materials such as steel, aluminum and engineering plastics in European automotive industry. Compared to traditional materials, composites have higher strength-to-weight ratios, chemical and heat impact resistance, offer greater design flexibility. The future of the composite materials in European automotive industry market compared to competing materials looks good. Also, Europe has come up as leading region using advanced high performance carbon-epoxy composites in racing and luxury cars, though at a nascent stage. However, demand for composites dropped significantly during 2008 and expected to drop in 2009 as overall automotive market dipped in 2008 and expected to drop in 2009. According to the new report "Opportunities for Composites in European Automotive Market 2009-2014: Trends, Forecast, and Opportunity Analysis," composites materials market is expected to reach $1824.9 million by 2014. Composites consumption in automotive applications such as air intake manifolds, front end carriers, interior headliners, pickup box, switches are expected to grow above 4% CAGR during the in the next 5 years.

Producers, focusing on innovations and cost leadership will win most of the volume growth. Automotive OEMs are looking for new ways to reduce vehicle weight, further increasing fuel economy and thus increasing environmental performance. By developing new materials to meet the demanding application requirements with a focus on weight and cost reduction, composites materials suppliers will gain more market share during the next six years.

This unique 169 page report provides all the valuable information and tools that you may need in operating your business successfully in the European Automotive composites market. In today's global economy, you need every advantage that you can find to keep you ahead in your business. Learn about current trends, identify key players, and explore the directions that the European Automotive composites market is heading for.

Features of This Report:

To make informed business, investment, or strategic decisions, professionals need accurate and timely information. The author believes that the market report titled "Opportunities for Composites in European Automotive Market 2009-2014: Trends, Forecast, and Opportunity Analysis" fulfils this core requirement. This is a vital reference guide for composite materials suppliers, automotive part manufacturers, investors, researchers, executives, distributors and many others who operate within or follow the composite marketplace.

Some of the features of this market report are:

  • Market size estimates in terms of value ($) and volume (mill lbs) materials consumption in European Automotive industry.
  • Porters Five Force Analysis for European Automotive Composites market in terms of Supplier Power, Buyer Power, Barriers to Entry, Threat of Substitution and Rivalry.
  • Growth trends for last 5 years and forecasts for next 5 years in terms of dollar shipment and lbs consumed in total European composites market and also for various application segments such as Air intake manifold, connectors and front end carriers.
  • Trends and forecast for various raw materials such as SFT, LFRT, LWRT, GMT, CFRT, SMC, and BMC; Resins such as Polypropylene, Polyester etc.
  • Market penetration of competing materials in various applications such as headliner, intake manifolds, front end carrier, valve covers, etc.
  • Over 95 figures/charts and 23 tables in this 169-page market report to help you make more informed business decisions.
  • Brief descriptions on major industry leaders

Who Can Benefit From This Report:

This study is intended for material suppliers, parts fabricators, OEMs, investors, executives and consultants. This multi-client market study is used by small to multi-national Fortune 500 companies and utilized for a variety of reasons as follows.

  • Business development
  • Strategic planning
  • Business presentation
  • Determination of market size and trend
  • Competitive analysis
  • Personnel training
  • Budgeting
  • Investment Decision

Methodology

The author has been observing the European Automotive Composites market for the last 5 years and has used the following sources for the completion of this research document.

  • In-depth personal and telephone interviews with over 10 major automotive molders. The main focus of these interviews was to investigate all composite parts (type of materials, manufacturing processes, etc.) in more than 10 auto makes such as all Volkswagen (VW), PSA (Peugeot-Citroën), Ford Europe, General Motors (GM) Europe, Renault, Fiat etc. platforms.
  • The author conducted in-depth interviews with all major composite material suppliers to automotive industry such as DSM, DuPont, SABIC and BASF.
  • Extensive search of published literature, market and database information including news, articles published in Composites-Week newsletter.
  • A compilation of the experiences, judgments, and insights of the author's professionals, who have analyzed and tracked composites and automotive market over the years.

The author collects a lot of unintelligent data from a variety of sources and converts into intelligent data as follows. The intelligent data is used by our clients for making confident business decisions.

Executive Summary

Despite economic slowdown significant opportunities exist for composites in the European automotive market and the market is expected to reach $1824.9 million by 2014. According to the author the European automotive industry output will expand significantly from 2009 to 2014. Following the rapid growth in auto production, composite materials demand in European market is forecast to increase by 6.87 percent per year and reach $1824.9 by 2014.

The author has analyzed the European Automotive composites market and just published a comprehensive research report entitled "Opportunities for Composites in the European Automotive Market 2009-2014: Trends, Forecast and Opportunity Analysis".

As per the study composites are being increasingly used as they can reduce weight up to 35%, which improves fuel economy. Composites also reduce tooling and assembly costs as composites have lower tooling and equipment costs; they are competitive compared to steel at lower production volumes in certain automotive applications.

The use of composite materials, which initially was driven from exterior applications, has now spread to all areas of the vehicle's interior and under-the-hood applications. Under-the-hood and interior applications represent good growth potential. As the overall penetration was only 3% in automotive materials in 2008 there is much more potential for composites. As per the study polypropylene based composites will drive the future growth of the European Automotive composites market.

According to the author the critical success factor for composites material producers will increasingly be not only developing new products at low cost; in addition, the author believes the most successful companies will be those that can develop application-specific, customer-focused solutions and have the ability to help their customers achieve long-term business objectives, such as increasing performance or lowering costs.

This research report contains European Automotive Composites Market Overview, Applications, European Automotive Composites Market Analysis, Materials and Manufacturing Process, Competitive Analysis, Trends - European Composites Market, Forecast - European Automotive Composites Market, Materials Suppliers and more. This insightful report can help you make confident business decisions in this globally competitive marketplace.

Key Topics Covered:

  • Executive Summary
  • European Automotive Composites Market
  • Applications
  • European Automotive Composites Market Analysis
  • Materials and Manufacturing Process
  • Competitive Analysis
  • Trends - European Composites Market
  • Forecast - European Automotive Composites Market
  • Materials Suppliers
  • List of Figures
  • List of Tables

Companies Mentioned:

  • BASF
  • DSM Composite Resin
  • DUPONT
  • Lorenz GmbH
  • Menzolit GmbH
  • MITRAS
  • Ranger
  • RTP
  • SABIC Innovative Plastics
  • TETRA-DUR GmbH
  • Ticona

For more information visit http://www.researchandmarkets.com/research/3f1404/opportunities_for