GLOBAL AUTOMOTIVE POLYMER COMPOSITES MARKET

INTRODUCTION

Automotive polymer composites are composite materials used in the automotive sector, where polymers and reinforcing fibers are mixed to produce lightweight and very durable components for automobiles.

These composites have various benefits over conventional materials like metals, including reduced weight, design flexibility, resistance to corrosion, and increased fuel economy. The following are some significant features of automobile polymer composites:

Different types of polymers, including thermoset ones like polyester and epoxy as well as thermoplastic ones like polypropylene (PP), polyamide (PA), and polyethylene terephthalate (PET), can be utilized in vehicle composites. Each polymer has unique processing qualities and attributes suited for particular applications.

Fibre Reinforcement: To improve the mechanical characteristics of polymer composites, fibers are used as reinforcement. Glass fibers, carbon fibers, natural fibers like flax or hemp, and aramid fibers are examples of commonly used reinforcing fibers. The required strength, stiffness, cost, and particular application requirements all influence the fibre choice.

Processes for Making Composites: Several methods may be used to make automotive polymer composites, including:Layers of fibre reinforcement are arranged in a mold for compression molding, to which resin is then added

. The resin is then heated and squeezed to cure, creating a solid composite component in the mold.Resin Transfer Molding (RTM): A closed mold containing the fibre reinforcement is injected with liquid resin, filling the cavity while it cures under pressure.

GLOBAL AUTOMOTIVE POLYMER COMPOSITESMARKET SIZE AND FORECAST 

TheGlobal Automotive Polymer Composites Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

MARKET DYNAMICS

Growing industrialization and urbanization, especially in emerging nations like China and India, are promoting the construction of vehicle manufacturing facilities in these areas. In the foreseeable future, rising vehicle manufacturing is anticipated to increase total demand for carbon composites. In 2014, millions of automobiles were produced in the United States, up from 2013. By the end of 2015, this number is projected to rise high.

Additionally, governments all over the world are redesigning many components to comply with environmental standards and laws, notably with emphasis on reducing carbon emissions from automobiles, as a result of rising carbon emissions brought on by an increase in the number of vehicles over the past several decades. 

To reduce vehicle weight and increase fuel economy, automakers are concentrating on employing lightweight materials to create both the outside and inside of automobiles.

This is a key component fueling the market for automotive composites. Additionally, because gasoline prices have increased over the past ten years, people are more likely to choose lightweight and fuel-efficient automobiles.

This is encouraging manufacturers to engage in R&D projects using lightweight materials to build both the exterior and interior components of automobiles. For the production of lightweight and fuel-efficient automobiles, composites with qualities like ease of processing, high tensile strength, low weight, strong corrosion resistance, and surface tension are desirable. 

Car manufacturers have often been able to increase engine efficiency more quickly than weight addition. Consequently, despite adding weight, automobiles have grown more fuel-efficient. However, a greater emphasis on efficiency has emerged due to environmental concerns, the rise in oil prices, and the high operating expenses of automobiles as a result.

For similar performance, more efficiency translates into lower fuel usage and carbon dioxide emissions. The demand for ever more sophisticated and costly technology is rising as a result of stricter emission standards. One of the main strategies used by car manufacturers to lighten vehicles and increase fuel efficiency is the use of sophisticated composites.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Automotive Polymer Composites are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a  Global Automotive Polymer Composites and key vendor selection criteria
3. Where are the Automotive Polymer Composites manufactured? What is the average margin per unit?
4. Market share of Global Automotive Polymer Composites market  manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Automotive Polymer Composites  in-house
6. 5 key predictions for next 5 years in Global Automotive Polymer Composites market
7. Average B-2-B Automotive Polymer Composites market price in all segments
8. Latest trends in Automotive Polymer Composites market, by every market segment
9. The market size (both volume and value) of the Automotive Polymer Composites market in 2023-2030 and every year in between?
10. Production breakup of Automotive Polymer Composites market, by suppliers and their OEM relationship