Ozone Market Reports projects that the Composite Materials market size will grow from USD 7.89 Billion in 2017 to USD 16.05 Billion by 2023, at an estimated CAGR of 12.56%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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 highest growing application in terms of value for composite materials in the automotive sector is structural components. The polymer matrix composite is the major material which is used in this application due to its high strength and lightweight properties. Structural application is followed by the powertrain application where due to the advancements in powertrain technologies, the use of composite materials has increased to a great extent.
By Market Players:
Toray Industries, Inc. , Cytec Industries Inc. , SGL Carbon SE , Teijin Ltd. , Koninklijke Ten Cate NV , Johns Manville , Mitsubishi Rayon Co. Ltd. , Owens Corning , Johnson Controls Inc. , Jushi Group Co. Ltd., , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
By Manufacturing Process
Lay-Up Process, Compression Molding Process, Resin Transfer Molding (RTM) Process, Filament Winding Process, Injection Molding Process, , , ,
By Material & Vehicle Type
Carbon Fiber Reinforced Polymer (CFRP), Glass Fiber Reinforced Polymer (GFRP) , Natural Fiber Reinforced Polymer (NFRP) , Metal Matrix Composite (MMC) , Ceramic Matrix Composite (CMC) , , , ,
By Application & Components
Structural , Powertrain , Interior , Exterior , Other Applications , , , ,
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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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