EUROPE AUTOMOTIVE COMPOSITES MARKET

 

INTRODUCTION

Composites in the automotive industry are made up of two or more materials that have differing qualities. Because the constituent elements in an automobile composite are unique and do not combine, they are not considered mixes or solutions.

 

The attributes of a composite comprised of two components are commonly better compared to the independent materials’ characteristics. The car industry employs polymeric materials, whose offer weight savings while retaining other desirable characteristics like as structural rigidity.

 

Polymeric materials frequently use non – renewable sources such as petroleum and require a lot of energy to manufacture.

 

 

EUROPE AUTOMOTIVE COMPOSITES MARKET DEVELOPMENTS AND INNOVATIONS

S No	Overview of Development	Development Detailing	Region of Development	Possible Future Outcomes
1	Kordsa expands to European market with new composite technologies investment	Microtex Composites Srl is acquired by Kordsa, adding super-luxury automobile and racing to its portfolio.	Europe	This would enhance better Technological Controls
2	Tenneco introduces advanced hybrid friction material composites for OE customers	To address evolving powertrain needs, an innovative composite material combines braking performance and comfort into a single idea.	Europe	This would enhance better Technological Controls
3	Teijin to acquire Benet Automotive to expand European automotive business	Teijin Limited has agreed to buy Benet Automotive s.r.o. (Benet), a major Czech automotive composite and component provider.	Europe	This would enhance better Technological Controls
4	EU Companies Collaborate to Bring Next-Gen Composites to E-Mobility Sector	The commercial development of medium-volume niche applications based on advanced composites will be the focus of German consultancy AMAC and Holland’s PontisEngineering.	Europe	This would enhance better Technological Controls
5	Teijin Automotive Technologies Expanding Composites Footprintin China to Meet Growing Demand for EVs	Teijin Automotive Technologies is aggressively expanding its position as a global leader in automotive composite applications with the start-up of the second plant and the development of the third facility.	Europe	This would enhance better Technological Controls

 

COMPETITIVE LANDSCAPE

Polymer nanocomposites, like as thermoplastic polymers and strengthened glass, have gained importance in recent years of automakers, prompting them to seek out better, stronger, and lightweight elements for the production of vehicle units.

 

The market is likely to be driven by factors such as rising demand for lightweight materials from the automobile sector and a growing focus on fuel efficiency.

 

The high cost of carbon fiber composites and glass fiber combinations, on the other hand, is impeding market expansion. The use of such composites in low-cost automobiles might dramatically raise their pricing.

 

Toray Industries Inc. is a prominent developer of the latest integrated technologies focusing on better smarter composites focused on spectrum of automotive improvisation integration for the future. The Thermoplastic elastomers solutions provide high-performance automotive applications in a variety of forms to fit your design demands and processing possibilities.

 

Toray Amber Tool epoxy manufacturing prepregs are indeed the mainstream technology, with an unparalleled reputation for dependability and a superb aesthetic surface finish.

 

Exel Composites provides technical breakthroughs that allow diagnostic of unwanted accidental instances wherein the technology of Drying formworks may be made using the HiTape in a completely automated lay-up, analogous towards the AFP and ATL techniques often used for UD prepregs.

 

HiTapenarrow  breadth accuracy offers it complete control over the automated dry prototype process – and that’s a waste-free procedure, even for complicated constructions, because the components are precisely positioned where they’re needed. It has a very high Compression After Impact (CAI) efficiency, which is a true advance in unidirectional graphene reinforcing infusion methods.

 

COMPANIES PROFILED

• SGL Carbon SE
• Toray industries Inc.
• Hexcel Corporation
• UFP Technologies Inc.
• Huntsman Corporation
• Gurit Holdings Inc.
• Hexion Inc.
• Solvay SA
• Mitsubishi Chemical Holdings Corporation
• Conduent Inc.