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(Transportation-News.com, December 08, 2018 )
Stratview Research announces the launch of a new research report on Automotive Exterior Composites Market. This 287 page extensive report from Stratview Research, studies the Automotive Exterior Composites Market over the trend period of 2013 to 2018 and forecast period of 2019 to 2024. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Automotive Exterior Composites Market analysis has been segmented in six ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Commercial Vehicle , Medium- & Heavy-Duty Commercial Vehicle ) - Passenger Car to remain the most dominant sector.
• By Application Type (Bumper, Front-End Module, Fenders, Door & Roof & others) - Bumper, front-end module to remain most dominant application.
• By Resin Type (Polyester Composites, Polyamide Composites, polypropylene composites, Epoxy Composites & Others)-Polyester Composites to remain the largest segment.
• By Fiber Type (Carbon Fiber Composites, Glass Fiber Composites) - Carbon Fiber Composites to witness healthy growth.
• By Process Type (Compression-Molded Composites, Injection-Molded Composites, Resin-Infused Composites & Others) - Compression-Molded Composites to witness healthy growth.
• And by Region (North America, Europe, Asia-Pacific, and RoW) - North America to remain the largest market.
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Automotive Exterior Composites Market Insights
The automotive exterior composites market is likely to grow at a healthy rate over the next five years to reach US$ 11,928.1 million in 2024. There are several factors that are bolstering the demand for composites in automotive exterior applications. Some of the major ones are a higher strength-to-weight ratio of composite parts, excellent surface finish, excellent corrosion and abrasion resistance, and durability. The combined effects of the above-mentioned factors render multi-edge benefits to the automakers as these factors not only assist automakers to meet the stringent regulations regarding fuel efficiency enhancements and carbon emission reductions but also provides more durable parts with the benefit for low-maintenance cost.
The supply chain of this market comprises composite material suppliers, composite part manufacturers, automotive tier players, automotive OEMs, dealers, and Users.The development of low-cost and high-performance composites components and forming strategic alliances with the automakers are the key strategies adopted by the key players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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