Europe Automotive Composites Market Growth Factors and Professional In-Depth Analysis 2020-2026

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Europe Automotive Composites Market Share to Grow
at a CAGR of 6.6 up to 2026.
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The Europe Automotive Composites Market market 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 RD 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.
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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 _at_ 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.
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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 _at_ https//www.graphicalres
earch.com/table-of-content/1504/europe-automotive-
composites-market
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reserved.


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2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com