Himanshu Patni

Asia-Pacific Automotive Composite Material Market was valued at US$ 2,355.9 Million in 2018 and is anticipated to reach US$ 4,535.6 Million by 2025 displaying a reasonable CAGR of 9.93% over the forecast period (2019-2025).  Composite materials are homogenous mixtures that are prepared by synthetically assembling two materials together. One of these is fiber, reinforcing the material and the other one is a binding material called Matrix. The composite materials have high electrical and corrosion resistance, are stiff and have high strength-to-weight ratios. The Asia Pacific is the largest car manufacturing hub across the globe. In the past few years, the GDP of Asian countries has increased substantially, resulting in the rise of per capita income and buying potential of the consumers. In other words, the improved economy of Asian countries is one of the major reasons for the increase in demand for vehicles in the region, which has resulted in a high demand for automotive com...

Global Automotive Composite Materials Market was valued at US$ 4,681.6 Million in 2018 and is anticipated to reach US$ 9,037.4 Million by 2025 displaying a reasonable CAGR of 9.97% over the forecast period (2019-2025). Composite materials are homogenous mixtures which are prepared by synthetically assembling two materials together. One of these is fibre, reinforcing the material and the other one is a binding material called Matrix. The composite materials have high electrical and corrosion resistance and are stiff and have high strength-to-weight ratios. The use of composite materials among automobiles reduces the overall weight of the vehicle, improves fuel efficiency, reduces GHG emissions, improves safety, increases crashworthiness and offers a smooth finish with an exceptional aerodynamic design. Besides these advantages, composite materials offer other benefits as well, owing to which they have been widely adopted in the auto industry. Further, the growing concerns f...