汽車用玻璃纖維強化複合材料的全球市場 - 成長，趨勢，預測(2019年∼2024年)
Automotive Glass Fiber Composites Market - Growth, Trends and Forecasts (2019 - 2024)
|出版商||Mordor Intelligence LLP||商品編碼||907017|
|出版日期||內容資訊||英文 105 Pages
|汽車用玻璃纖維強化複合材料的全球市場 - 成長，趨勢，預測(2019年∼2024年) Automotive Glass Fiber Composites Market - Growth, Trends and Forecasts (2019 - 2024)|
|出版日期: 2019年06月01日||內容資訊: 英文 105 Pages||
The global automotive glass fiber composites market is expected to register a CAGR close to 6%, during the forecast period, 2019 - 2024. The major growth drivers associated with this market are the increase in automotive production and rising demand for durable and lightweight materials because of stringent government regulations to reduce greenhouse gas emissions.
Future of the global automotive glass fiber composites market looks bright with opportunities in different automobile applications such as interiors, exteriors, structural assembly, power-train & engine components, electrical and electronics, and others. The market for glass fiber composites in automobile structures is expected to be the fastest growing segment due to the wide variety of applications.
Strategic alliances between car manufacturers, glass fiber & resin suppliers are the trends, which have a direct impact on the dynamics of the automotive composites industry. Within the intermediates type, short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), continuous fiber thermoplastic (CFT) are the major ones that are used in automotive applications. SFT is expected to be the largest market by value, mainly driven by applications in power-train & engine components applications which feature small complex shaped components.
The global automotive glass fiber composites market has been segmented by intermediate type, application type, and geography.
Although automobiles have been around for more than a century, the material they are made of has mostly remained the same. It only since the past few decades that advanced materials ranging from magnesium alloys to glass fiber composites have made their way into the new generation cars. Advanced materials such as glass fiber composites are essential for boosting the fuel economy of modern cars all the while maintaining performance and safety. Since it takes lesser energy to accelerate a lighter object than a heavier one, lightweight materials offer great potential for increasing vehicle efficiency. A 10% reduction in the vehicle's weight can transpire to a 6 to 8 percent increase in fuel economy.
Glass fiber composites are materials that have become popular in the past few years. One of the reasons of its relative success is that it has several advantages compared to steel. It is corrosion-resistant, has significant chemical resistance and is lightweight (three times less dense than steel). Fiberglass composite is mainly used in the bumpers, hoods, and casings. Another area where this material is used is the V-belts and timing belts, where glass strings are impregnated with rubber acting as reinforcement. Abrasion resistance is one other advantage of the fiberglass composite, which is why it is used for producing clutches and brake pads. Clutch disks are reinforced with woven fiberglass composites to maintain their integrity.
Europe is touted to be the fastest growing market due to the presence of many car manufacturers such as BMW, Volkswagen, Groupe PSA, etc. who are adopting glass fiber composites in their cars. Government regulations such as the greenhouse gases emission target in the Europe countries are also paving way for OEMs to incorporate light-weight materials to decrease the overall vehicle weight.
Germany is one of the leading automobile manufacturing countries globally. The country has recovered to a reasonable extent from the economic recession that affected the economic condition of the country adversely. Germany is home to some of the leading global automobile manufacturers like Volkswagen AG, Daimler AG, BMW, Ford GmbH and Opel. More than 5.1 million automobiles are annually manufactured in Germany. With an increase in the production of passenger vehicles and SUVs, the demand for fiberglass in the reinforcements of automotive components will significantly go up in the forecast period.
The global automotive glass fiber composites market is mildly consolidated. Some of the major companies in the glass fiber composites market include Solvay, 3B (Braj Binani Group), Owens Corning, and Jiangsu Changhai Composite Materials. The market is also characterized by the presence of much smaller players especially in the Asia Pacific region who deal with aftermarket products.