Composite Materials Market to 2020 - With the Advancement of Technology and Demand for Increased Fuel Efficiency with Decreased Tail-Pipe Emissions has Boosted the Demand for Lightweight Materials

Dublin, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/2pzrqn/composite) has announced the addition of the "Composite Materials Market by Material Type (PMC, MMC, & CMC), Application & their Sub-Components (Structural, Powertrain, Interior, Exterior, & Other Applications), Vehicle Type (PC, LCV, HCV, & Rolling Stock), & by Region - Global Forecast to 2020" report to their offering.

Composite materials have been part of automotive industry for a long time. However, with the advancement of technology and demand for increased fuel efficiency with decreased tail-pipe emissions has boosted the demand for lightweight materials. Composite materials have considerable potential to increase vehicle efficiency, as it takes less energy to accelerate a lighter object than heavier one. A 10% reduction in vehicle weight can result in a 6%-8% improvement in fuel economy.

Replacing cast iron and traditional steel components with lightweight materials such as carbon fiber and polymer composites can directly reduce the weight of a vehicle body and chassis by up to 50%, subsequently reducing the vehicle fuel consumption. The use of composite materials has been predominant in automotive underhood and interiors. Composite materials such as carbon fiber reinforced plastic (CFRP) is still restricted to performance cars only.

Königsegg engine with numerous carbon fiber parts launched in Geneva Motor show (2012). Similar developments have introduced composite applications in engine and transmission parts as well. According to the U.S. Department of Energy (U.S. - DoE), the use of composite components and high-efficiency engines aided by advanced materials in one-quarter of the U.S. fleet could save over 5 billion gallons of fuel annually by 2030.

Companies Mentioned

• Cytec Industries Inc.
• Johns Manville
• Johnson Controls Inc.
• Jushi Group Co. Ltd.
• Koninklijke Ten Cate Nv
• Mitsubishi Rayon Co. Ltd.
• Owens Corning
• SGL Carbon Se
• Teijin Ltd.
• Toray Industries, Inc.
  

Key Topics Covered:

1. Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 By Manufacturing Process

7 By Material & Vehicle Type

8 By Application & Components

9 By Region

10 Composite Materials Market, By Region

11 Competitive Landscape

12 Company Profiles

13 Appendix

For more information visit http://www.researchandmarkets.com/research/2pzrqn/composite.

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         Sector: Automotive Parts, Auto Manufacturing, Auto Interiors, Rail Transport Vehicles, Composites