Lucintel Anticipates Composites in the North American Automotive Market to Grow to at a CaAGR of 8.3% in the Next Five Years (2013-2018)

Irving, TX, December 15, 2014 --(PR.com)-- Composite materials are used in passenger cars and trucks, primarily under the hood and in interiors. The major applications of composite materials in automotive are interior headliners, fenders, pickup boxes, door modules, instrument panels, running boards, and front-end carriers. Composite materials are being used increasingly in the automotive industry due to their strength, quality, and light weight.

The recovering global economy, revitalizing auto industry, and increasing demand for better fuel economy are the major drivers of composites consumption in the automotive industry. Strict carbon dioxide emission standards and tougher corporate average fuel economy (CAFE) standards in North America have put intense focus on making vehicles lightweight, which will drive this industry in the future.

The North American automotive composites industry is estimated to grow at a CAGR of 8.3% in the next five years (2013-2018). BASF, SABIC Innovative Plastics, Ticona, Continental Structural Plastics Inc., Core Molding Technologies Inc., and DuPont are some of the suppliers of composite materials for various applications in the North American automotive industry.

Lucintel, a growth accelerator firm, has analyzed the composites market in the North American automotive industry by various segments and has come up with a comprehensive research report, “Opportunities for Composites in North American Automotive Market 2013-2018.” This report provides an analysis of the composite materials used in the North American automotive industry, including analysis of the market trends, company profiles, and key drivers of industry growth. The study also includes the North American automotive composites market forecasts through 2018, segmented by applications, resin groups, types of materials, and types of base resins as follows:

The North American automotive composites market segmented by applications:
· Air Intake Manifold
· Engine Valve Covers
· Interior Headliners
· Cab Roofs
· Headlamp Reflectors
· Fenders
· Font End Carriers
· Hoods
· Pickup Box/Bed
· Automotive Connectors
· Automotive Switches
· Bumper Beams
· Others

The North American automotive composites market segmented by types of materials:
· Sheet Molding Compounds
· Bulk Molding Compounds
· Long Fiber Reinforced Thermoplastics
· Direct Long Fiber Reinforced Thermoplastics
· Short Fiber Reinforced Thermoplastics
· Continuous Fiber Reinforced Thermoplastics
· Lightweight Reinforced Thermoplastics
· Glass Mat Thermoplastics
· Polyurethane Composites
· Others

The North American automotive composites market segmented by resin groups:
· Thermosets
· Thermoplastics

The North American automotive composites market segmented by types of resins:
· Polyester
· Polyurethane
· Polypropylene
· Polyamide
· Polybutylene Terephthalate
· Others

This 139-page research report on composites industry will enable you to make confident business decisions in in the North American automotive composites industry. For a detailed table of contents and pricing information on this timely, insightful report and other composites & advanced materials reports click on this link http://www.lucintel.com/reports/chemical_composites/opportunities_for_composites_in_north_america_automotive_market_
2013-2018_trend_forecast_and_opportunity_analysis_july_2013.aspx or contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time.

About Lucintel
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive benchmarking, opportunity screening, growth consulting, merger & acquisition and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.