Automotive Composite Market is Likely to Grow at a CAGR of 8.7% during 2016-2024

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According to Goldstein Research, major driver in the global automotive composite market is growing environmental concerns and stringent emission norms. Automobile manufacturers are providing innovative composite parts in their vehicles in order to increase the fuel efficiency by reducing its overall weight. For instance, Dymag a performance alloy wheel manufacturer introduced carbon composite car wheels which are 40% lighter than equivalent ORM aluminium alloy wheels of the same size. Goldstein Research analyst forecast the global automotive composite market to expand at a CAGR of 8.7% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 10.6 billion by the end of forecast period.

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Market Segmentation
On the basis of our in-depth analysis, global automotive composite market can be segmented as follows:

By Product Type

Metal Composites
Polymer Composites
Natural Fiber Composites
Glass Fiber Composites

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Carbon Fiber Composites
Ceramic Matrix Composites

By Resin Type

Thermoplastic Composites
Thermoset Composites

By Application Type

Chassis & power train components
Others (Electrical and Electronics, etc.)

Based on Geography

North America (U.S. & Canada) Automotive composite Market
Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Automotive composite Market
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) Automotive composite Market
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Automotive composite Market
Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Automotive composite Market

Global Automotive Composite report by Goldstein Research contains detailed overview of the global automotive composite market. Further, for the in-depth analysis, Global Automotive Composite Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter's five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Mitsubishi, Toray Industries, SGL, Toho Co. Ltd., Teijin, Cytec Solvay, BASF, Delphi, Johns Manville, Nippon Sheet Glass Co. Ltd. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

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About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. Our industry research reports provide in-depth analysis of global and regional variations along with competitors' overview. Our analysts are working on automotive industry analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable for our clients' needs and business agenda.

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