DUBLIN—Research and Markets has announced the addition of the "Composite Materials Market - Global Forecast to 2020" report to their offering.
The composite materials market size will reach USD 11.26 Billion by 2020. Government regulations and mandates regarding fuel efficiency, rising demand for fuel efficient vehicles, and major OEMs partnering with composite material manufacturers are some of the drivers fueling growth in sales of automotive composite materials globally.
The automotive industry in Asia-Oceania has emerged as a hub for automotive production in recent times, given the changing end-user preferences, increasing per capita income of the middle class population, and cost advantages for OEMs. The region is inclined towards compact and cost-effective passenger cars.
Factors such as low production cost, availability of economic labor, lenient emission and safety norms, and government initiatives for foreign direct investment (FDI), have resulted in substantial growth for the automotive industry in the region. The rise in automotive production is positively impacting the automotive composite materials market in the region.
Some of the major restraints considered in the study are the technological constraints and the high cost of these materials. Technological constraints, such as difficulty in manufacturing metal matrix such as magnesium and its alloys to suit a specific need, have been hindering the market growth of these materials.
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Composite Materials, By Manufacturing Process
7 Composite Materials Market, By Material & Vehicle Type
8 Composite Materials Market, By Application & Components
9 Rolling Stock Composite Materials Market, By Region
10 Composite Materials Market, By Region
11 Competitive Landscape
12 Company Profiles
- Cytec Industries Inc.
- Johns Manville
- Johnson Controls Inc.
- Jushi Group Co. Ltd.
- Koninklijke Ten Cate Nv
- Mitsubishi Rayon Co. Ltd.
- Owens Corning
- SGL Carbon Se
- Teijin Ltd.
- Toray Industries, Inc.
For more information visit http://www.researchandmarkets.com/research/x3z4nn/composite
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Sector: Automotive Parts, Composites , Automotive Materials