Global Automotive composites market will be worth $8.85bn in 2013

Friday 25 January 2013, Amsterdam

New analysis indicates that the global automotive composites market will be worth $8,85bn in 2013, as vehicle manufacturers increasingly strive reduce vehicle weight to meet emissions regulations and consumers increasingly demand fuel-efficient vehicles.

The automotive composites market is therefore forecast to record growth over the next decade, as a range of different kinds of vehicle components will be manufactured using composite materials.

The author of the Global Automotive Composites Market 2013-2023 report commented that “The current rise of oil prices and the resulting high running costs of cars as well as environmental concerns have put a stronger focus on efficiency. Since weight-saving is one of the most cost-effective ways of improving vehicle efficiency and metal is the biggest contributor to the total weight of a vehicle, replacing it with lighter composite components is a good solution. Composite materials have further advantages in that they are more durable than traditional materials, are corrosion resistant and can withstand higher loads ”

The report contains 162 tables, charts and graphs that add visual analysis in order to explain developing trends within the automotive composites market. The report provides forecasts for the period 2013-2023 in terms of market value ($m) for the automotive composites market. In addition, 18 national automotive composites markets are forecast and analysed over the period 2013-2023. Four automotive composites component submarkets are forecast from 2013-2023 - Interior Components, Body Components, Engine & Drivetrain Components, Other Components

Three automotive composites material submarkets are forecast from 2013-2023, Polymer Matrix Composites (PMC), Metal Matrix Composites (MMC) and Ceramic Matrix Composites (CMC). The report also provides profiles of 20 leading companies operating within the market, and two exclusive interviews with principal players in the automotive composites market AGY and Gurit, providing expert insight complementing the analysis.

The Global Automotive Composites Market 2013-2023 report will be of value to current and future potential investors into the automotive industry, as well as companies and research centres who wish to broaden their knowledge of the automotive composites market.