Composites in the European automotive market to grow to US$2270 mln by 2018

28-Oct-14
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. 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 Europe have put intense focus on making vehicles lightweight, which will drive this industry in the future. Composite materials demand for the European automotive industry is expected to reach US$2270 mln by 2018. Polypropylene-based composites dominate the market. BASF, DuPont, Sabic, Ticona, DSM, and RTP are some of the suppliers of composite materials to the European automotive industry.
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