Automotive Composites Market by Type (Polymer Matrix Composites, Metal Matrix Composites, and Ceramic Matrix Composites), by manufacturing process (Manual, Compression, Injection & Continuous) and by application (Interior Components, Exterior Components, Engine & Drivetrain Components and Others) - Global Trends & Forecast to 2019
Automotive Composites (Carbon fibers, glass fibers, natural fibers, metal matrix and ceramic matrix) have made a big impact on the entire global market, including the automotive market. Using composites makes the cars lighter and renders greater resistance to heat, external impact and improves fuel efficiency. Almost all the leading car manufacturers are following a trend of replacing metal parts in their high end cars with composites and this trend can be seen being extended to mid-end to low end cars as well. With extensive research and cost-effective mass production techniques in place, the prices for composites have dropped and this has resulted in a direct increase in their demand for the all the application areas also including the automotive sector.
The global automotive composites market is expected to grow at a CAGR of 8.50% between 2014 and 2019 to reach a value of $15.43 billion. The carbon fiber reinforced polymer composites in the type is growing at a CAGR of 20.25% and is witnessing the fastest growth in the overall automotive composites market. The key factors contributing to this market growth is constant need of fuel efficient cars, stringent environment regulations, increased demand from electric & hybrid vehicles and introduction of various new models with broad usage of automotive composites.
Environmental regulations for low CO2 emissions and fuel efficiency in the EU and the US dictate more fuel efficient vehicles from 2015 onwards. Corporate average fuel economy (CAFE) raised the standards in U.S., requiring automakers to raise the average fuel efficiency of new cars and trucks to 54.5 miles per gallon by 2025, and in the European Union, new CO2 emissions restrictions, which will reduce passenger cars emission limits from 130g of CO2/km today to 95g CO2/km in 2020.
The report analyzes the global automotive composites market trends and forecasts to 2019. The market size estimations have been provided in terms of market size ($Million & Kilo Tons). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products and services offered, recent developments, and company strategies.
Table Of Contents
1 Introduction
1.1 Objectives
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Key Data Points Taken From Secondary Sources
1.5.3 Key Data Points Taken From Primary Sources
1.5.4 Assumptions Made For This Report
1.6 Key Questions Answered
2 Executive Summary
2.1 Executive Summary
2.2 Industry Snapshot
3 Premium Insights
4 Market Overview
4.1 Introduction
4.2 Supply Chain
4.3 Market Drivers
4.4 Drivers
4.4.1 Restraints
4.4.2 Opportunities
4.4.3 Winning Imperatives
4.5 Porters Five Forces
5 Market Analysis, By Type
5.1 Introduction
5.2 Polymer Matrix Composites (PMC)
5.2.1 Glass Fiber Reinforced Polymer Composites (GFRP)
5.2.2 Carbon Fiber Reinforced Polymer Composites (CFRP)
5.2.3 Natural Fiber Reinforced Polymer Composites
5.3 Metal Matrix Composites (MMC)
5.4 Ceramic Matrix Composites (CMC)
6 Market Analysis, By Application
6.1 Introduction
6.2 Exterior Components
6.3 Interior Components
6.4 Engine & Drivetrain Components
6.5 Other Components
7 Market Analysis, By Manufacturing Process
7.1 Introduction
7.2 Manual Process
7.3 Compression Process
7.4 Injection Process
7.5 Continuous Process
8 Market Analysis, By Region
8.1 Introduction
8.2 North America
8.2.1 North America: Automotive Composites Market, By Type
8.2.2 North America: Automotive Composites Market, By Application
8.2.3 North America: Automotive Composites Market, By Country
8.2.3.1 Canada
8.2.3.2 U.S.
8.2.3.3 Mexico
8.3 Europe
8.3.1 Europe: Automotive Composites Market, By Type
8.3.2 Europe: Automotive Composites Market, By Application
8.3.3 Europe: Automotive Composites Market, By Country
8.3.3.1 Germany
8.3.3.2 U.K.
8.3.3.3 France
8.3.3.4 Italy
8.3.3.5 Spain
8.3.3.6 Russia
8.4 Asia-Pacific
8.4.1 Asia-Pacific: Automotive Composites Market, By Type
8.4.2 Asia-Pacific: Automotive Composites Market, By Application
8.4.3 Asia-Pacific: Automotive Composites Market, By Country
8.4.3.1 China
8.4.3.2 Japan
8.4.3.3 India
8.4.3.4 South Korea
8.5 Row
8.5.1 Row: Automotive Composites Market, By Type
8.5.2 Row: Automotive Composites Market, By Application
8.5.3 Row: Automotive Composites Market, By Country
8.5.3.1 Brazil
8.5.3.2 Argentina
9 Competitive Landscape
9.1 Introduction
9.2 Competitor Material Mapping
9.3 Automotive Composites Market Developments
10 Company Profiles
10.1 Cytec Industries, Inc.
10.2 Toray Industries, Inc.
10.3 SGL Group – The Carbon Company
10.4 Teijin Limited
10.5 Tencate
10.6 Owens Corning
10.7 Johns Manville
10.8 Jushi Group Co. Ltd.
10.9 Nippon Sheet Glass Co. Ltd.
10.10 Bayerische Motoren Werke Aktiengesellschaft (BMW)
10.11 Volkswagen Group
10.12 General Motor Company
10.13 Ford Motor Company
Growth opportunities and latent adjacency in Automotive Composites Market