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Automotive Composites Market Size to Touch USD 13.5 Billion by 2026; Increase in Demand for Lightweight Automobile to Boost Market Growth, Says Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, May 11, 2020 (GLOBE NEWSWIRE) — The global automotive composites market size is projected to reach USD 13.5 billion by the end of 2026. The growing demand for a lightweight automobile will bode well for the market in the coming years.According to a report published by Fortune Business Insights, titled “Automotive Composites Market Size, Share & Industry Analysis, By Fiber (Glass, Carbon, and Natural), By Resin Type (Thermoset and Thermoplastics), By Application (Exterior, Interior, Structure & Power train, and Other), and Regional Forecast, 2019-2026,” the market was worth USD 7.67 billion in 2018 and will exhibit a CAGR of 7.56% during the forecast period, 2019-2026.COVID-19 Impact Analysis:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
 To get the short-term and long-term impact of COVID-19 on this Market.Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/automotive-composites-market-102711
Increasing Number of Company Mergers and Collaborations Will Provide Impetus to Market GrowthThe report encompasses several factors that have made a positive impact on the growth of the market in recent years. Along with this, the report discusses the influence of major company collaborations in regional markets, particularly in areas where these companies are primarily operating. In September 2019, Martinrea International Inc. announced that it has signed a deal with Metalsa S.A. The deal is estimated to be around USD 19.5 million. Through this agreement, Martinrea will acquire the structural component manufacturing unit of Metalsa S.A. Through this acquisition, the company will look to strengthen its global footprint and subsequently widen its consumer range across the world.Asia Pacific Dominates the Market; Heavy Automobile Use in Emerging Countries to Aid GrowthThe report analyzes the ongoing automotive composites market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific is likely to emerge as the dominant region. The increasing use of automobile; driven by constantly rising population in emerging countries across this region will aid the growth of the market. Besides Asia Pacific, the market in North America will also witness considerable growth in the coming years, owing to the presence of several large scale companies in several countries across this region. As of 2018, the market in North America was worth USD 2.30 billion and this value is likely to increase further in the coming years. TEIJIN LTD.MITSUBISHI CHEMICAL CORPORATIONTORAY INDUSTRIES, INC.SGL CARBONRTP COMPANYPLASAN CARBON COMPOSITESOWENS CORNINGSOLVAY S.A.UFP TECHNOLOGIES, INC.BASF SEOTHER PLAYERSSeptember 2019: Martinrea International Inc. announced that it has signed a deal with Metalsa S.A. de C.V. worth US$ 19.5 million. The deal was aimed at buying a unit of the company that makes the structural components for passenger cars.IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Emerging Trends – For Major CountriesKey Developments: Mergers, Acquisition, Partnership, etc.Latest Technological AdvancementInsights on Regulatory ScenarioPorters Five Forces AnalysisGlobal Automotive Composites Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By FiberGlassCarbonNaturalMarket Analysis, Insights and Forecast – By ResinThermosetThermoplasticsTOC Continued…!
 Aerospace Composites Market Size, Share & Industry Analysis, By Fiber Type (Carbon, Glass, Aramid, and Others), By Aircraft (Commercial Aircrafts, Military Fixed Wings, Business Aircrafts & General Aviation, Jet Engines, Helicopter and others), and Regional Forecast, 2019-2026Composites Market Size, Share & Industry Analysis, By Matrix (Polymer matrix composites, Ceramic matrix composites and Metal matrix composites), by Polymer matrix composites (Fiber {Glass, Carbon, Aramid} and Resin {Thermoset, Thermoplastics}), by Application, and Regional Forecast, 2019-2026Armor Materials Market Size, Share & Industry Analysis, By Material (Para-aramid Fiber, Composites, Metals & Alloys, UHMWPE, Glass & Ceramics, Others), By Application (Body Armor, Vehicle Armor, Civil Armor, Aerospace Armor, Marine Armor) Others and Regional Forecast, 2019-2026Composite Insulators Market Size, Share and Global Trend By Product (Pin, Suspension, Shackle, Others), By Voltage (Low Voltage, Medium Voltage, High Voltage), By Installation (Transmission and Distribution, Substation, Railways, Others), By Application (Transmission lines, Switchgear, Transformers, Busbars, Others), and Geography Forecast till 2026Aluminum Composite Panels Market Size, Share & Industry Analysis, By Product (Polyvinylidene Difluoride, Polyester, Laminating Coating, Oxide Film, and Others), By Application (Building & Construction, Advertising Boards, Automotive, By Vehicle {Cars, By Parts [Doors, Hoods, Wings, Side Panels, and Others], Commercial Vehicles, and Trailers}, Railways, and Others), and Regional Forecast, 2019-2026Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:
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