Pune, May 05, 2022 (GLOBE NEWSWIRE) — Automotive composites are made up of two or more different materials. Because the individual materials in an automotive composite are distinct and do not mix into one another, they are not considered mixtures or solutions. The properties of a composite composed of two materials are frequently superior to the properties of the individual materials. The automotive industry employs polymer composites, which promise weight reduction while retaining other useful properties such as mechanical strength. Polymer composites frequently use nonrenewable resources, such as petroleum, and require significant amounts of energy to manufacture. As a result, many researchers are attempting to develop green, sustainable composites made from low-value agricultural waste such as grasses and trees. Natural fibers are used as reinforcing agents in automotive composites, and bio-resins, such as poly(lactic acid) (PLA), polyhydroxybutyrate (PHB), and polysaccharides, are used as polymer matrixes.
Composite materials have seen increased use in the automotive industry in recent years due to their excellent dimensional stability. Composites are preferred materials for the automotive industry due to their high-performance properties such as shape retention, corrosion resistance in dry and wet conditions, ease of manufacturing, and low weight. The growing demand for lightweight components is driving the market for automotive composites in order to reduce vehicle emissions and improve fuel efficiency.
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Key Players Profiled in this Report are:
- TORAY INDUSTRIES, INC.
- SGL Carbon SE
- TEIJIN LIMITED
- Mitsubishi Chemical Holding Corporation
- Hexcel Corporation
- Magna International Inc.
- PLASAN CARBON COMPOSITES
- UFP Technologies, Inc.
- Huntsman International LLC
- Hexion Inc.
- Jushi Group Co., Ltd
- Owens Corning
- 3B – the fibreglass company
- Johnson Controls Inc.
Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Automotive Composites Market. The MDC Competetive Scape model was used to assess qualitative and quantitative insights in this assessment. MDC’s Competitive Scape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC’s Competitive Scape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors’ solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.
Technology dramatically impacts business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.
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Business Ecosystem Analysis
Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.
Regions and Countries Covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)
Automotive Composites Market Dynamics, Covid-19 Impact on the Automotive Composites Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Automotive Composites Market Sizing, Analysis Tables.
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Vendor Profiles Covered
All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Automotive Composites Market report (25 Vendor Profiles)
Key Questions Answered in This Report:
- What is the potential of the Automotive Composites Market?
- What is the impact of COVID-19 on the global Automotive Composites Market?
- What are the top strategies that companies adopting in Automotive Composites Market?
- What are the challenges faced by SME’s and prominent vendors in Automotive Composites Market?
- Which region has the highest investments in Automotive Composites Market?
- What are the latest research and activities in Automotive Composites Market?
- Who are the prominent players in Automotive Composites Market?
- What is the potential of the Automotive Composites Market?
Additional vendors profiles can be added based on client business requirements
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