The automotive composites have long been and effectively utilized in
the several vehicles such as autos, trucks and several others, generally under
the hood and in interiors. Carbon fiber has been utilized in the
high-performance vehicles for several years, and now fresh and high speed
manufacturing technology is enabling carbon fiber to shift into production
vehicles. Not only has this, composites are the composition of two or more
constituent materials, announce an essential portion of an automobile and, if
successfully castoff, can lead to quickly lighter vehicles that are meaningless
and more fuel-effective. Furthermore, on the back of grueling fossil fuel
sources and increasing approach ability interrelated to the pollution initiated
by it, a transfiguring trend in the automotive industry is energy dexterous.
According to the report analysis, ‘Latin America Market Insights on Automotive Composite
Materials, 2018-2024: Emphasis on Material Type (Polymer Matrix Composites,
Metal Matrix Composites, Ceramic Matrix Composites and Hybrid Composites),
Manufacturing Process (Hand Lay up, Compression Molding, Injection Molding,
Resin Transfer Molding)’ states that in the Latin America
Market Insights on Automotive Composite Materials, there are numerous key
players which recently performing more significantly for leading the fastest
market growth and registering the high value of revenue during the short span
of time while proficiently analyzing and studying the stringent government
regulations and GHG emission, increasing demand of the composites among the
Hybrid and Electric vehicles, deducting the cost of the raw Materials and
evolving the Brazilian Automotive Composite Market includes BASF SE, DowDuPont
Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings
Corporation, Owens Corning, SGL Group, Solvay SA, Teijin Limited, Toray Industries
Inc. and several others.
In the terms of revenue, the Latin
America is deliberated to be one of the foremost potential business locations by
most of the automotive OEMs and composite materials merchants. Therefore, these
players are prolonged their businesses in the economy to tap the possible and
profit making opportunities. Due to the growth measured in the number of new
vehicle registration during the past few years and therefore, the significant
development in the level of Greenhouse Gases (GHG) emissions in the
environment. Players in the economy are to deploy composite materials in their
models as it decreases the overall weight of the vehicle and effective rise of the
fuel efficiency.
Based on the country, the Latin
America is the chief contributor to the high levels of CO2 emission. Due to the
alarming GHG level in the economy, regions such as Brazil, Argentina, Chile and
others have promised to deduct the GHG levels to a certain level in the
foreseeable forthcoming. Such initiatives have interested the auto players in
to organize composite materials in their models as composites decrease the
overall weight of the vehicle and intensify the fuel efficiency. In 2017,
Brazil accounted the market in Latin America economy.
Additionally, based on the material
type, in the recent time, the PMCs are the most widespread composite type among
the automakers owing to the great flexibility, extraordinary insulation, cheap density
and lighter weight as compared to other composite materials type. However, cheap
cost and exceptional structural and mechanical possessions of hybrid composites
are creating them an alternative to the single fiber composites. Therefore, in
the near years, it is predicted that the Latin America Market Insights on
Automotive Composite Materials will increase more significantly over the coming
years.
For
more information on the research report, refer to below link:-
Related Report:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
