Global Automotive Composites Market Share to reach

Sarasota, FL, April 19, 2017 (GLOBE NEWSWIRE) -- Zion Market Research, the market research group announced the analysis report titled " Automotive Composites Market by Type (Metal Matrix Composite, Polymer Matrix Composite, and Ceramic Matrix Composite) for Interior, Exterior, Chassis & Powertrain Components and Others Applications: Global industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021 ".

The study concludes that the global automotive composites market is expected to grow at a CAGR of 8.3% between 2016 and 2021. The market revenue of $5.12 billion in 2015 is expected to grow up to $8.22 billion by 2021.

Automotive composites are primarily used for reducing the weight of components. These composites add the unique characteristics to the part such as high tensile strength, lightness, stiffness, material strength, etc. therefore, considering this parameter the automotive composites market has wide scope in the near future in various applications including automotive, aerospace, electronics, defense and marine amongst others.

Browse through 22 Market Tables and 23 Figures spread through 110 Pages and in-depth TOC on “Global Automotive Composites Market: By Type, Application, Technology, Industry Share, Segment, Geography and Forecast 2015-2021”.

Request Free Sample copy of Automotive Composites Market Report @ https://www.zionmarketresearch.com/sample/aut...tes-market

The strong demand for automotive composite in automotive and aerospace industries is one of the major driving forces of automotive composites market. In addition, stringent norms and regulations specific to CO2 emission especially in North America and Europe are likely to uplift the market size in the region during the next few years. However, the high cost of composites is a major concern for the market. Nonetheless, growing demand for lightweight vehicles in Asia Pacific region due the growing prices of fuel is likely to set as new opportunities for the major players of automotive composites market over the coming years.

Metal matrix composite, polymer matrix composite, and ceramic matrix composite are the major types of composites used for automotive industry. Polymer matrix composite was the most attractive segment of the global automotive composite market in 20015. It accounted for above 40% share of the entire volume consumption of automotive composite market in 2015. The increasing use of polymer matrix composite in automotive, aerospace and electronics industries is expected to bolster the market size with a growing CAGR of 8.3% between 2016 and 2021. Furthermore, metal matrix composites and ceramic matrix composites are also predicted to witness the moderate growth in the near future due to the growing usage in aerospace industry.

Browse the full " Automotive Composites Market by Type (Metal Matrix Composite, Polymer Matrix Composite, and Ceramic Matrix Composite) for Interior, Exterior, Chassis & Powertrain Components and Others Applications: Global industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021 " report at  https://www.zionmarketresearch.com/report/aut...tes-market

In terms of applications, exterior applications dominated the global automotive composites market in 2015. It accounted for more than 28% share of the total market in 2015 and it is likely to witness the splendid growth in the near future. The exterior application uses the major proportion of composites for obtaining the applicable properties required for automobile coupled with huge investment for R&D activities is likely to boom the growth of automotive composites market in the next few years.

With the more than 35% share, Asia-Pacific led the global automotive composites market in 2015. The increasing demand for automobile coupled with the rising disposable incomes in Asia Pacific countries is expected to propel the demand for automotive composites market over the years to come. Growing demand for passenger vehicles because of emerging industrialization in the region is likely to drive the demand for the automotive industry. Moreover, increasing fuel prices is predicted to increase the demand for lightweight vehicles which in turn is expected to grow the market size of automotive composites within the forecast period. Furthermore, North America and Europe are also expected to exhibit the exponential growth for automotive composites market in the near future.

Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/au...tes-market

Some of the major players in the global automotive composites market include E.I. du Pont de Nemours and Company, SAERTEX GmbH & Co. KG, Owens Corning, Teijin Limited, SGL Group, Nippon Sheet Glass Co., Ltd., Cytec Industries Inc., Toray Industries Inc., Johns Manville and amongst others.

Request customized copy of report @ https://www.zionmarketresearch.com/custom/512

This report segments the global automotive composites market as follows:

Global Automotive Composites Market: Type Analysis

• Metal matrix composite
• Polymer matrix composite 
• Ceramic matrix composite

Global Automotive Composites Market: Applications Analysis

• Interior
• Exterior
• Chassis & power train components 
• Others

Global Automotive Composites Market: Regional Analysis

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Related Reports:

• Mulch Film market: https://www.zionmarketresearch.com/report/mulch-film-market
• Defoamers Market: https://www.zionmarketresearch.com/report/defoamers-market
• Carbon Fiber Market: https://www.zionmarketresearch.com/report/car...ber-market
• Hydrogen peroxide Market: https://www.zionmarketresearch.com/report/hyd...ide-market
• Paper Packaging Material Market: https://www.zionmarketresearch.com/report/pap...ial-market

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research

Follow Us Twitter: https://twitter.com/zion_research

Contact Us: Joel John 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States Tel: +49-322 210 92714 USA/Canada Toll-Free No.1-855-465-4651 Email: sales@zionmarketresearch.com Website: https://www.zionmarketresearch.com