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(Transportation-News.com, February 22, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Exterior Composites Market is anticipated to reach at US$ 11,928.1 million by 2024.
The research studies Automotive Exterior Composites Market in the trend period of 2013 to 2018 and forecasted period of 2019 to 2024 under six segments by Vehicle Type (Passenger Car, LCV, and M&HCV), by Application Type (Bumper, Front-End Module, Fenders, Door & Roof, Liftgate, Active Grille Shutter, and Others), by Resin Type (Polyester Composites, Polyamide Composites, Polypropylene Composites, Epoxy Composites, and Others), by Fiber Type (Glass Fiber Composites and Carbon Fiber Composites), by Process Type (Compression Molding, Injection Molding, Resin Infusion, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024
The study finds –
North America is expected to remain the largest automotive exterior composites market during the forecast period. High penetration of composites coupled with healthy automotive production, especially in the USA and Mexico is chiefly driving the regional market.
Passenger car to remain the growth engine driving by Increasing production of passenger cars & increasing penetration of composite parts in passenger car models.
Polyester composite is expected to remain the largest segment of the market over the next five years, whereas epoxy composite is expected to witness the highest growth during the same period.
Glass fiber composite is expected to remain the most dominant fiber type. Glass fiber offers a series of advantages including lower cost, good mechanical properties, excellent corrosion resistance, excellent surface finish, and durability.
Click here to read the detailed description: https://www.stratviewresearch.com/429/Automotive-Exterior-Composites-Market.html
Go through the TOC: https://www.stratviewresearch.com/toc/429/Automotive-Exterior-Composites-Market.html
Automotive Exterior Composites Market: Highlights
The automotive industry has fervently been ushering in a new era by targeting the five key areas: Lightweight Design, Digitization, Connectivity, Autonomous, and Alternative Powertrains. Stringent regulations regarding fuel efficiency enhancements and carbon emission reductions, such as CAFÉ Standards and EU Directives on Carbon Emissions Reduction Target, imposed by several governments, are set to upheaval in the current material mix in the automotive industry. All the major automakers are meticulously investing in those technologies which can address changing business requirements in the most cost-effective manner. Composite materials have earned an unheralded reputation in addressing most of the current and future business requirements.
About Stratview Research
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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