Vikas Maximize Submitted 2018-11-30 06:39:32 Automotive Composites Market size is valued at US$ 17 Bn in 2017 and expected to grow at a CAGR of 11% in the forecasting period. Increasing usage of lightweight materials with an implementation of cost-effective measures to reduce carbon emission is the key factors driving the automotive composites market size. This product offers superior strength to weight ratio and improves fuel efficiency of the vehicle. Shifting trends towards cost-effective alternatives Kareem Hunt Youth Jersey , sturdy and lightweight components will positively influence the product penetration.
Advancement in the production facilities focusing on decreasing the manufacturing time and capital cost are offering new opportunities to the industry players. Development of electric & hybrid vehicles offering long travel distance owing to reduced weight will further support the market growth. Stringent protocols to significantly reduce carbon emissions are positively influencing implementation of lightweight materials in vehicles. Besides, increasing global vehicle production with focus on improving the vehicle efficiency will fuel the market demand.
Automotive Composites Market
The Automotive Composites market is segmented based on fiber, resin, manufacturing process, application and geography. By fiber of the Automotive Composites market is segmented into Glass Patrick Mahomes II Youth Jersey , Carbon, and Natural. Under this, glass fiber is expected to hold the major market share in the forecast period owing to cost-effective solution compared to carbon fiber. Low manufacturing cost along with strong applications outlook in structural, exterior and powertrain will positively influence the industry demand. By resin, the market is segmented as thermoset and thermoplastic. By manufacturing process Tyreek Hill Youth Jersey , the market is segmented as compression, injection, and resin transfer moulding (RTM). By Application, the market is segmented as interior, exterior Tanoh Kpassagnon Womens Jersey , and structural & powertrain.
Geographically, the automotive composites market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to be largest market for automotive composites during the forecast period. Strong potential outlook in interior Armani Watts Womens Jersey , structural and exterior applications will fuel the industry demand as well. Besides, innovations in vehicle manufacturing with implementation of light weight component will further support the market growth. Europe is projected to be the fastest growing market for automotive composites with growth in the Germany, Italy, France and Russia being some of the main regions monitoring growth.
Key player across the automotive composites industry are ACP, Cytec Solvay Group Dorian O'Daniel Womens Jersey , Hexcel Corporation, Johns Manville Corporation, Koninklijke Ten Cate, and Owens Corning Corp. Automotive composites industry participants are focusing on increasing the manufacturing capacity and implementation of automation in the resin processing. Additionally, decrease in overall price of the product will further support the automotive composites industry demand globally. With more people than ever on the roads it is not surprising the number of road traffic accidents has increased. Cars involved in collisions Derrick Nnadi Womens Jersey , with other vehicles for example, can often end up being written off. Cars that fail MOTs, deemed unsafe to drive on the road, and are not worth fixing can also become a burden and need to be removed. Many people turn to car scrap as the alternative. However, many dealers are unreliable and take the car with the intention of selling it on or use methods to dispose of the car that can be illegal or detrimental to the environment. If a car dealer offers to pay to take a car then it would be sensible to question their intentions. There are many companies out there that will scrap your car in a ‘green’ way for free.
Before a company will scrap a car they usually need to know a few personal details such as contact details Breeland Speaks Womens Jersey , address and details about the vehicle. Often they need a V5C document which is also commonly referred to as the registration document. This piece of paperwork keeps the information of who owned or owns the car and is essential when buying or selling a car. Once this has been processed someone will usually come and collect the vehicle for car scrap. The car is then taken to a storage depot before it is depolluted. This process ensures any hazardous material such as electrical devices or chemicals are completely removed and the car can then be recycled for car scrap in an environmentally friendly way. The company will typically notify the owner that their car has been safely turned into car scrappage and deregistered with the DVLA between one to two months after the car has been removed.
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