The Italy Automotive Thermoplastic Polymer Composites Market Research Report 2020 to 2025 presents an in-depth assessment of the Station Italy Automotive Thermoplastic Polymer Composites It provides the industry overview with market growth analysis with a historical & futuristic perspective considering the following parameters; cost, revenue, demands, and supply data (as applicable). The bottom-up approach was used to estimate the global market size of Station Italy Automotive Thermoplastic Polymer Composites based on end-use applications in the various regions, in terms of USD million. The report covers the historic growth of the market, the impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Italy Automotive Thermoplastic Polymer Composites investments from 2020 to 2025.
Top Companies in the Global Italy Automotive Thermoplastic Polymer Composites Market:
3B-Fiberglass, Base Group, BASF, BMW, Cytec Industries, Inc., amongst others.
Italy Automotive Thermoplastic Polymer Composite Market is expected to register a CAGR of 6%, during the forecast period.
There has been a rising interest in thermoplastic polymer composites since the past few years, owing to several advantages of these materials, including high volume processability, recyclability, superior damage tolerance, and fracture toughness, and ability to produce complex shapes. These composites found applications in different modes of transportation, from cars to underground trains. Among thermoplastic composites, long-fiber thermoplastics (LFTs) are being extensively used in the transportation sector.
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The automotive industry was impacted due to high fuel prices. Furthermore, in the transportation industry, vehicle OEMs and suppliers use thermoplastic composites to reduce vehicle mass. Due to stringent emission regulations, automotive manufacturers are focusing on reducing the weight of vehicles, as it helps in saving a noticeable amount of carbon dioxide emissions. A 10-kilogram weight reduction is estimated to reduce 1 gram of carbon dioxide per kilometer.
Glass Mat Thermoplastic (GMT) is Expected to Grow with a Fast Pace
Glass mat thermoplastic sheets were first introduced in 1970. Considering the cost-related mechanical performance criteria, GMT composites are located between injection moldable, discontinues (long or short) glass-fiber-reinforced composites, and advanced thermoplastic with various fiber architecture.
Although GMTs are available in various polymer matrices are dominated by propylene-based composites, due to their low price. These are well capable of competing with other structure materials, primarily in conditions where temperature lesser than 110C are maintained.
Glass mat thermoplastic composites are witnessing demand from the composite market. They are easy to use, with superior mechanical performance.
Mercedes-Benz selected two grades of glass mat-reinforced thermoplastic material, which are supplied by the Swiss material producer, Quadrant Plastic Composites. These materials are used for manufacturing the innovative front-end module, which was designed for its S-class series luxury coupe. The new front-end module weighs only 3.4 kg, while the previous model used to weigh 5 kg.
Transportation Sector to Drive the Market
The Corporate Average Fuel Economy ( CAF ) standard forced manufacturers in the automobile industry to develop vehicle designs that incorporated high-performance light-weight materials. The weight of an automobile has a direct impact on driving dynamics, fuel consumption, and agility. A 10% reduction in vehicle weights results in approximately a 5-7% rise in fuel savings
From 2020, the European Union will require every European vehicle manufacturer to achieve an emission level of 95g of carbon dioxide per km, from the present-day emission level of 130g of carbon dioxide per km.
The rising focus on minimizing carbon emission and enhancement of fuel economy, primarily by reducing the weight of a vehicle, are driving the demand for thermoplastics composites.
Regions Are covered By Italy Automotive Thermoplastic Polymer Composites Market Report 2020 To 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
The report has 150 tables and figures browse the report description and TOC
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Italy Automotive Thermoplastic Polymer Composites Market
-Changing the Italy Automotive Thermoplastic Polymer Composites market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Italy Automotive Thermoplastic Polymer Composites market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Italy Automotive Thermoplastic Polymer Composites Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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