Dallas - July 6, 2009 - Despite negative growth, significant opportunities exist for composites in the NA automotive market and the market is expected to reach $1581.1 million in 2014. According to a new market study conducted by Lucintel, motor vehicle production experienced declines from 2003 to 2008, but this was offset by greater demand for composites due to the necessity of improving fuel efficiency and vehicle durability while reducing the maintenance costs.
Lucintel, a leading global Management Consulting and market research firm with over 1000 clients worldwide has analyzed the North America automotive composites market to develop a comprehensive research report entitled "Opportunities for Composites in the North American Automotive Market 2009-2014: Trends, Forecast and Opportunity Analysis".
As per the study, the NA Automotive composites market is growing slightly above GDP rates due to a number of factors, including: the continuing demand for lighter weight materials to replace metals in automotive applications in order to increase fuel efficiency; the use of more environmentally-friendly, recyclable materials in the automotive sector, continued technology improvements in fabrication techniques, material formulations and product design to take advantage of unique properties. Nevertheless, high cost and lack of cost-effective manufacturing process for high volume applications continue to be a limiting factor for increasing demand for composite materials in the automotive industry. Lucintel estimates that demand for LFRT (long fiber reinforced thermoplastic), and LWRT (light weight reinforced thermoplastic) materials in automotive applications will grow rapidly during the next five years.
This research report contains North American automotive composites market overview, materials and manufacturing processes, competitive analysis, trends and forecast for SFT (short fiber thermoplastic), LFRT, SMC, BMC, polyurethane composites and more. This insightful report can help you make confident business decisions in this globally competitive marketplace.
For a detailed table of contents and pricing information on this timely and insightful report, please contact helpdesk at 972-636-5056 or via email at email@example.com. Lucintel provides cutting edge decision support services that help you make critical decisions with greater speed, insight and cost-efficiency. To find out more, visit www.lucintel.com.