Opportunities for Composites in the European Automotive Market 2009-201413 Dec 2010 • by Natalie Aster
Texas, USA – Producers, focusing on innovations and cost leadership will win most of the volume growth. Automotive OEMs are looking for new ways to reduce vehicle weight, further increasing fuel economy and thus increasing environmental performance. By developing new materials to meet the demanding application requirements with a focus on weight and cost reduction, composites materials suppliers will gain more market share during the next six years.
The report “Opportunities for Composites in the European Automotive Market 2009-2014” by Lucintel provides all the valuable information and tools that you may need in operating your business successfully in the European Automotive composites market.
Published: August 2009
Price: US$ 8,250.00
Report Sample Abstract:
Composites are becoming the material of choice for replacing traditional materials such as steel, aluminum and engineering plastics in European automotive industry. Compared to traditional materials, composites have higher strength-to-weight ratios, chemical and heat impact resistance, offer greater design flexibility. The future of the composite materials in European automotive industry market compared to competing materials looks good. Also, Europe has come up as leading region using advanced high performance carbon-epoxy composites in racing and luxury cars, though at a nascent stage. However, demand for composites dropped significantly during 2008 and expected to drop in 2009 as overall automotive market dipped in 2008 and expected to drop in 2009. According to the report composites materials market is expected to reach $1824.9 million by 2014. Composites consumption in automotive applications such as air intake manifolds, front end carriers, interior headliners, pickup box, switches are expected to grow above 4% CAGR during the in the next 5 years.
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More information can be found in the report “ Opportunities for Composites in the European Automotive Market 2009-2014 ” by Lucintel .
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