Report Highlights
The global market for composites in automotive applications is forecast to increase from 3.1 billion pounds in 2014 to 3.2 billion pounds in 2015. This market is estimated to reach close to 4.0 billion pounds in 2020 increasing at a compound annual growth rate (CAGR) of 3.6% during the next five years, from 2015-2020.
Report Includes
- An overview of the global markets for composites in automotive applications.
- Analyses of U.S. as well as international market trends, with data from 2014, 2015, and projections of CAGRs through 2020.
- Coverage of reinforced plastics using mostly carbon fibers for strength with a wide array of resins.
- A look at exterior steel structures such as body panels, roofs, exterior doors, wheels, fenders and other exterior parts.
- Analyses of the interest in replacing steel with composite resins; the need to reduce the weight of autos to meet the 2025 strict government standard of about 55 miles per gallon.
- Thermoplastics to be used including ABS, nylon, polyacetals, polypropylene, PVC, polycarbonates, and polyacrylates among others, as well as polyurethanes which are also expected to be used.
- Evaluation of the market's dynamics, specifically growth drivers, restraints, and opportunities.
- Profiles of major players in the industry.
SCOPE OF THE STUDY
The focus of the study is to attempt to quantify consumption and projected growth of the major types of carbon-reinforced plastic composites being used and to delve into the reasons for use of specific types for a wide array of automotive parts.
Analyst Credentials
Melvin Schlechter has thirty years of experience in the chemical industry, specializes in plastics market research and has been a BCC Research analyst for since 2006. Previously, Mr. Schlechter was the International Director of Chemical Reports for Frost & Sullivan. He also worked for the Union Carbide Company as a Senior Market Research Analyst, was a Senior Organic/Polymer Chemist for Stauffer Chemical Company and a Research Organic Chemist for Allied Signal Corporation. Mr. Schlechter holds a B.S. in Chemistry from Queens College, a Masters in Organic Chemistry from Virginia Tech, and an MBA from Adelphi University.
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