LONDON, February 17, 2014 /PRNewswire/ --
Leading Companies Striving for Light-Weighting, Fuel Efficiency & Emission Reduction
Growth in the Automotive Composites Market is mainly driven by four factors. Firstly, the constant demand for fuel efficient vehicles, mainly to reduce weight, which reduces running costs and fuel consumption, has resulted in the penetration of Composites into the Automotive sector due to their lightness and stiffness.
Secondly, environmental regulations for low CO2 emissions and fuel efficiency in the EU and the US dictate more fuel efficient vehicles from 2015 onwards. In the EU, the 2015 target for fleet average CO2 emissions of 130g/km and the 2020 target for 95g/km aim to reduce the average vehicle CO2 emission by 18% and 40% from 2007 respectively. In the US, the Obama administration released even higher Corporate Average Fuel Economy (CAFÉ) standards in 2012, requiring automakers to raise the average fuel efficiency of new cars and trucks to 54.5 miles per gallon by 2025. The CAFÉ program aims to improve fuel economy and reduce greenhouse gas emissions which will result in saving more than $1.7 trillion at the gas pump and the reduction of U.S. oil consumption by 12 billion barrels. Automakers have responded to the low emission regulations with the reduction of the vehicle's weight with the usage of composite components, as well as with downsizing engines in the low and medium segment.
Thirdly, the increased demand for electric and hybrid vehicles in which composites' usage for light-weighting is of essence, has turned automakers' focus to light-weight Composite Materials as a substitute for heavier steel and iron in all types of vehicles.
Fourthly, the introduction of new models with more varied and extensive usage of composites in the period 2015-2020 will substantially increase the production of Composites for Automotive applications.
On the other hand, the high cost of some of the Automotive Composites, especially carbon fibre, and difficulties in repairing and recycling prevent their penetration into the high-volume medium and low-end car segments where cost is of essence. Additionally, the current low-volume production due to existing production techniques and a lack of general engineering experience, results in a higher manufacturing cycle and prevents investments from Automotive manufacturers. Last but not least, the strong position of steel companies in the Automotive sector as the main suppliers of car body, engine and drivetrain materials, in conjuction with existing heavy investment from auto manufacturers into metal poduction lines, prevents the easy substitution of metal with composites.
Visiongain assesses that the reduction of Automotive Composites' price due to higher volume and economies of scale, the introduction of recycling and repairing processes from the increased engineering experience, accompanied with the improvement of the economic climate which will enable further investments in the Automotive Composites will enable growth drivers to overcome the effect of the opposed restraints.
We assess that towards the end of the forecast period the penetration of Automotive Composites, such as carbon fibre, into medium and low-end vehicles' will increase substantially driven by the higher volume production of light-weight composite materials and the proliferation of Composite Components into the vehicle's body, interior, engine and drivetrain.
To see an exec summary of this report please email Sara Peerun on sara.peerun@visiongainglobal.com
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• View global Automotive Composites market forecasts and analysis from 2014-2024 to keep your knowledge ahead of your competition and ensure you exploit key business opportunities
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- Stay informed about the potential for each of these Automotive Composites submarkets with individual forecasts and analysis from 2014-2024.
- By Type of Composite Materials forecast 2014-2024
- Polymer Matrix Composites (PMC) forecast 2014-2024
- Metal Matrix Composites (MMC) forecast 2014-2024
- Ceramic Matrix Composites (CMC) forecast 2014-2024
- By Type of Composite Components forecast 2014-2024
- Interior Components forecast 2014-2024
- Body Components forecast 2014-2024
- Engine and Drivetrain Components forecast 2014-2024
• Understand the prospects for the leading national Automotive Composites markets - where will the highest revenues and opportunities occur?
- Learn about the market potential for Automotive Composites companies in the developed and developing countries, from 2014 onwards. You will see where and how opportunities exist with revealing individual market forecasts and analysis from 2014-2024 for 18 leading national markets and 5 other regions.
- US forecast 2014-2024
- Rest of North America 2014-2024
- Brazil forecast 2014-2024
- Mexico forecast 2014-2024
- Rest of South & Central America 2014-2024
- Germany forecast 2014-2024
- France forecast 2014-2024
- Italy forecast 2014-2024
- UK forecast 2014-2024
- Spain forecast 2014-2024
- Belgium forecast 2014-2024
- Netherlands forecast 2014-2024
- Turkey forecast 2014-2024
- Rest of Europe forecast 2014-2024
- China forecast 2014-2024
- Japan forecast 2014-2024
- South Korea forecast 2014-2024
- India forecast 2014-2024
- Russia forecast 2014-2024
- Thailand forecast 2014-2024
- Indonesia forecast 2014-2024
- Rest of Asia Pacific2014-2024
- Rest of the World forecast 2014-2024
• Find out about the market dynamics & opportunities in 18 leading countries
- Understand industry activity with detailed data revealing where companies are earning their revenues and with what products and with which technology.
• Explore the factors affecting product developers, and everyone within the value chain. Learn about the forces influencing market dynamics.
- Explore the strengths, weaknesses, opportunities, and threats (SWOT) issues assessing product advances. Discover what the present and future outlook for business will be. Learn about the following business critical issues -
- Research and development (R&D) strategy
- Technological issues and constraints.
- Supply and demand dynamics
- Competition from new product types
- Increasing specialisation by leading players
- Increasing industry consolidation.
- Advances in product quality
• Identify who the leading companies are in the Automotive Composites industry
- Our report reveals the technologies and companies which hold the greatest potential. In particular, exploring and analyzing the activities of these companies: See where the expected gains will be. Prospects for advances in the Commercial Vehicle Telematics industry are strong, and from 2014 it holds many opportunities for revenue growth. View Visiongain's assessment of the prospects for established competitors, rising companies, and new market entrants. Our work explains that potential, helping you stay ahead. Gain a thorough understanding of the competitive landscape with profiles of 20 leading companies - both manufacturers and key suppliers - involved with Automotive Composites examining their positioning, capabilities, product portfolios, R&D activity, services, focus, strategies, M&A activity, and future outlook.
- BMW
- Daimler
- FIAT
- Ford
- General Motors
- Hyundai-KIA
- PSA Peugeut-Citroen
- Toyota
- Volkswagen
- AGY
- Cytec
- Dupont
- Gurit
- Lola Group
- Saertex
- Scott Bader
- SGL Group
- Toho Tenax
- TenCate
- Toray Industries
To see an exec summary of this report please email Sara Peerun on sara.peerun@visiongainglobal.com
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To request an exec summary of this report please email Sara Peerun at sara.peerun@visiongainglobal.com or call Tel : +44(0)20-7336-6100
Or click on http://www.visiongain.com/Report/1201/Automotive-Composites-Market-Forecast-2014-2024
Companies Listed
3A Composites
3B - The Fibreglass Company
3M
AB Volvo
Acrolab Ltd.
Advanced Composites Group
AGY
Ahlstrom
Aircelle
Airtech Europe
Alcan Baltek
Amber Composites
AMEL automotive composites
AOC LLC
AOC Resins
Asahi Kasei Plastics
Ashland Performance Materials
Ashland Specialty Chemical
ASL Aircraft
Aston Martin
Attwater Group
Automotive Composites Consortium
Avtovaz
Azdel Inc.
BAE Systems
BASF
Bayer Material Science
Beijing Automotive
Benteler-SGL
Bluestar Fibres
BMC Inc.
BMW AG
Bombardier
Borealis
Bosch GmbH
Braden Partners
Brilliance
BYD Automotive
CCP Composites
Chang'an Automobile
Chery
Chrysler
Continental
Core Molding Technologies
Coriolis Composites
Cristex
Crosby Composites
Cytec Industries
Daewoo
Daimler AG
Dana Holding Corp.
Dassault Systemes
Delphi
Denso
DIAB Group
Dieffenbacher
Dongfeng Motor Corporation
Dow Chemical Company
Dr Schrobal Gmbh
DSM Composite Resins
DuPont
Epo GmbH
ESI group
European Thermoplastic Automotive Composites (eTAC)
e-Xstream engineering
Faurecia
Faurecia Automotive Seating
Federal Mogul
Fiat
Fiber Corporation
Fisipe Fibras Sintéticas de Portugal, S.A
Ford Motor Company
Formax
Formosa Plastics Corp
Fraunhofer ICT-A
Gazechim Composites
General Motors
GH Craft Ltd
Gordon Murray Design Ltd.
Gurit Holding AG
Haas Auto
Henkel Corp.
Hexcel Corporation
Hivocomp Consortium
Honda
Huntsman Advanced Materials
Hyundai-Kia
IDI Composites International
Innegrity
INVISTA Engineering Polymers
Jaguar-LandRover
JDR Automotive Composites Ltd.
JEC Composites ltd,
Johnson Controls GmbH
Lola Group
Lotus Cars
LyondellBasell
MAG Industrial Automation Systems
Magna Exteriors and Interiors
Magnetti Marelli
Mahindra Mahindra
Mahle
Main Union Industrial Ltd
Matrasur Composites
Mazda
McLaren
Mclaren Automotive Composites
Mecaplast Group
MicroBiopharm Japan
Milliken Chemical
Mitsui & Co
Mitsubishi
Mitsubishi Rayon
Molded Fiber Glass Companies
Momentive Specialty Chemicals
Multimatic Engineering
Nanogram Corporation
Nippon Graphite Fiber Corporation
Nissan Motor Co
Norco GRP
Omnia LLC
Owens Corning Automotive
Park Electrochemical Corporation
Paxford Composites
Plasan Carbon Composites
PlastiComp, LLC
Plasan USA
Plasticolors Incorporated
Polyscope Polymers
Polystrand
Porsche
Powerblase GmbH
PPG Industries
PRF Composite Materials
Propex Fabrics,
PSA Peugeot-Citroen
Pultrex
Quadrant Plastics Composites
Quantum Composites
Quickstep Technologies
Reichhold, Inc.
Renault Group
Reverie
Ricardo Plc
Roctool
RTP Company
Saertex
SAIC
Saint-Gobain Adfors
Scott Bader
SGL Carbon
Sigmatex
Soficar
Solvay Specialty Polymers
Sora Composites
Suzuki Motor Corporation
Tata Motors
Technique Composites
Teijin Group
Tejin Composites Innovation Centre (TCIC)
TenCate
Teufelberger GmbH,
The Composites Group
Ticona Engineering Polymers
Toho Tenax
Toray Carbon Fibres Europe
Toray Industries
Toyota Motor Company
Trexel, Inc.
Umeco Plc
URT Group Ltd
Voith
Volkswagen AG
Wacker Chemie
Williams, White & Co.
Zoltek Inc
Zotefoams Plc
Zwick USA
Organisations Mentioned in This Report
Moskvich Innovation Centre
Automotive Composites Consortium (ACC)
Organisation Internationale des Constructeurs d'Automobiles (OICA)
Voluntary Employee Beneficiary Association (VEBA)
UK Ministry of Defense
US Department of Defense
To see an exec summary of this report please email Sara Peerun on sara.peerun@visiongainglobal.com
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