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Covid-19 Update : Europe Automotive Composites Market 2020 Shows Astonishing Growth

Global Europe Automotive Composites Market is expected to grow with a CAGR of 6.6% over the forecast period 2020 - 2026.

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Covid-19 Update : Europe Automotive Composites Market 2020 Shows Astonishing Growth

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  1. Europe Automotive Composites Market Share to Grow at a CAGR of 6.6% up to 2026. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. The Europe Automotive Composites Marketmarket is expected to gain a substantial growth owing to the presence of major car manufacturers. Europe is home to numerous car manufacturing companies with production facilities in Germany, the UK, Poland, Spain, and Spain. The UK alone possesses nine major premium and sport car manufacturers. Advanced technology, strong technical expertise, and high-class engineering have enabled regional manufacturers to expand their market strength globally. Key automobile manufacturers in Europe are Ford, Mazda Motor, Volkswagen, Honda, Opel/Vauxhall, Audi, Peugeot, and Audi. The production of passenger vehicles in Europe is rising owing to domestic and international demand. Global Europe Automotive Composites market is expected to grow with a CAGR of 6.6% over the forecast period 2020 - 2026. BMW i3 attained a weight reduction of around 35% in the floor assembly compared to the steel floor of Toyota Corolla. The company incorporated lightweight aluminum along with resin-injected CFRP. Significant R&D investments and product innovation will drive product demand. The EU has set mandatory standards that require all passenger vehicles to meet an emission target of 95 g CO2/km by 2021. Similarly, all light commercial vehicles are required to meet 147 g CO2/km. These stringent regulations have resulted in a surge in the sales of composites, further augmenting the Europe automotive composites industry growth. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. The COVID-19 pandemic has drastically impacted automobile production due to a significant decline in sales of cars and other light commercial vehicles. The low demand has critically affected the region owing to stringent country-wide lockdowns to control the spread of coronavirus. The lockdowns have led to a temporary disruption in domestic production and international trade due to the ban on interstate transportation. However, this situation is expected to gain normalcy through continuous government measures and the automotive composites industry is expected to rebound after the upliftment of lockdown & transportation restrictions. Get sample copy of this research report @ https://www.graphicalresearch.com/request/1504/sample The glass fiber segment is projected to witness steady growth in European market size. Glass exhibits high strength and stiffness that can be attributed to significant revenue generation. It is highly preferred due to its cost-effective nature. The fiber is also available in various grades with varying mechanical properties such as high heat resistance and low dielectric constant. By resin type, thermosetting resins dominated the market with around 60% share in 2019. These resins remain stable at both extremely high and dynamic temperature and require low pressure. This enables easy impregnation of reinforcing fibers including natural, glass, and carbon fibers. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Table of Contents (ToC) of the report: Chapter 1   Methodology And Scope 1.1    Research Methodology 1.2    List of data sources 1.2.1    Primary 1.2.2    Secondary Chapter 2   Market Snapshot 2.1    Europe automotive composites market snapshot Chapter 3   Europe Automotive Composites Trends 3.1    Industry coverage 3.2    Industry size and forecast, 2016 – 2026 Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1504/europe-automotive-composites-market ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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