Introduction: Fiber Reinforced Body Panels Market
The global market for composite industrial, construction, vehicles, transportation, aerospace, and defence applications is where the fibre reinforced body panels industry is specialised in producing high-quality goods. Fiber reinforced body panels market offer products that are proved to be the ideal choice in complex structures. These products are focused on long-term, load-bearing mechanical performance with limitless design opportunities.
Due to their superior performance, functionality, and design capabilities compared to their outmoded metal equivalents in the modern world, fibre reinforced body panels are the preferred material for many applications. As a result, the market for fiber-reinforced body panels is growing in the automobile sector.
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Market Dynamics
The demand growing for fiber reinforced body panels market in automotive applications is driven by their following properties:
- Light-weight properties
- High strength to weight ratio
- High impact Scratch and chemical resistance surface
- Easy maintenance and installation
- Good electrical insulation properties and sanitation protection
- High temperature resistance to distortion in shape and size of the panel
- Design freedom
Globally, fiber reinforced body panels market is gaining immense support which constitutes a foremost portion of the overall market. The automotive sector is one of the major end-use markets for fiber reinforced body panels market.
A growing alternative to steel in the fabrication of structural components and body panels; fiber reinforced body panels are the material of high-quality for passenger cars, light commercial vehicles, buses, and trucks.
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Market Segmentation
Based on the Material used
- Glass fibers
- Carbon fibers
- Natural fibers
- Non-wood fiber
- Wood Fiber
based on the Application
- Door Panels (Side and back)
- Headliners
- Seat Backs
- Bumper
- Hood
- Floor Panel
- Other (Dashboard, Roof, Side Panels, etc.)
based on the Vehicle Type
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV
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Region-wise Outlook
Based on the geography the fiber reinforced body panels market is divided into seven key segments as North America, Asia-Pacific Excluding Japan (APEJ), Latin America, Eastern Europe, Western Europe, Middle-East & Africa (MEA), and Japan. Among these regions North America is expected to be the major emergent in fiber reinforced body panels market followed by Europe.
The demand for fiber reinforced body panels in increasing in this region due to rise in research & development activity for reinforcing material, growing demand for lightweight and efficient vehicles. North America insisting upon automotive industry to meet corporate average fuel efficiency standards (CAFE) by the end of forecast period, also enhances the demand for fiber reinforced body panels.
APEJ region have high potential and scope for fastest growing market for fiber reinforced body panels especially in China, India, and South Korea, which are major automotive production hubs in APEJ region.
Key players
- Covestro AG
- Toray Industries, Inc.
- Dow Chemical Company
- Teijin Limited
- Cytec Solvay Group
- SGL Group
- Koninklijke Ten Cate NV
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (Turkey, South Africa)
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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