Automotive Composites Market

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Automotive Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Compression Molding, Injection Molding, Rtm), Application, Vehicle Type, Region - Global Forecast to 2028

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Report Code: CH 2907 Apr, 2023, by marketsandmarkets.com

The global automotive composites market is projected to grow from USD 7.2 billion in 2022 to USD 14.3 billion by 2028, at a CAGR of 12.1% during the forecast period. Significant growth of composites in automotive industry is observed because of the Increase in awareness of OEMs towards strict government regulations on emission control  and fuel efficiency. Automotive composites offers a huge range of advantages, such as low weight, and high strength to weight ratio, and weather resistance resulting in its increasing adoption in different applications in automotive industry.

Attractive Opportunities in the Automotive Composites Market

Automotive Composites Market

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Automotive Composites Market

Global Automotive Composites Market Dynamics:

Drivers: Increase in demand for lightweight and fuel-efficient vehicles

The automotive industry is focusing on stringent regulations such as the Corporate Average Fuel Efficiency (CAFE) standards and the European Emission Standards (EES) laid by the governments of the US and Europe, respectively, for vehicle manufacturers. According to the United States Environmental Protection Agency (EPA), the transportation industry in the US accounts for 27% of greenhouse gas emission. The US government has made it a critical requirement for automakers to follow an average miles per gallon standard for their vehicles. Thus, US automakers are concerned about producing lightweight vehicles to reduce battery weight and enhancing the fuel efficiency of vehicles. In order to comply with government regulations, car manufacturers are adopting new lightweight materials to manufacture their products. Composites are considered as the best lightweight materials substitute over traditional heavy materials such as steel and aluminum to fabricate a car body.

Restraints: High processing and manufacturing cost of composites

The use of composites has been rising significantly in the manufacturing of various automotive parts such as exterior, interior, chassis, and powertrain. However, the high costs related to processing and manufacturing limits the use of composites. Therefore, it is necessary to use tools to accurately determine the costs in the early stages to reduce the overall cost associated with it. Though there is a growing demand for high-strength and lightweight products, the high cost of composites is acting as a restraint for the automotive composite market. Due to the high cost of composites, end users prefer to use traditional metal products.

Oppotunities: Increasingly stringent government regulations

Vehicles are considered one of the prime contributors to air pollution. Governments across the globe have laid stringent standards to be followed by OEMs regarding CO2 emissions from vehicles. These government norms, if not met by the OEMs, may lead to penalty payments for excess emissions. For instance, in Europe, if the average CO2 emitted from the OEM vehicle exceeds its limit value, then the OEM has to pay an excess premium charge ranging from Euro 5 to Euro 95 for each of its registered cars. OEMs are, thus, focusing on enhancing the fuel efficiency of their vehicles by manufacturing lightweight cars. OEMs have considered composite materials as the best substitute for traditional heavyweight materials such as steel and aluminum to manufacture lightweight, fuel-efficient, and impact-resistant cars.

Challenges: Recyclability of composites

Composites have use in various automotive applications, such as exterior, interior, chassis, and powertrain. The use of composites in these applications helps in achieving light vehicle weight, fuel efficiency, low battery weight, low CO2 emission, and high safety against accidents. However, composites are difficult to recycle. The complex material compositions and cross-linked nature of thermoset resins are posing a threat to the recyclability of composites used in automotive applications. Thermoset resins are difficult to recycle as thermosets are not easy to remold in contrast to thermoplastics.

Glass fiber to account for the largest market share in terms of both value and volume

Glass fiber hold the largest share of the overall automotive composites market, while carbon fiber composites to be the fastest growing segment. Glass fiber reinforced composites are composed of tiny glass fibers compiled together by plastic polymer resin. Owing to its advantages offered by glass fiber composites such as cost effectiveness, stability,  strength, lightweight, durability, flexibility, and resistance to heat, and moisture, glass fiber is a common choice of material for automotive composite manufacturers.

Battery Enclosures to be the fastest growing application of automotive composite market

The exterior application segment accounted for 49.2%, in terms of value of the overall automotive composites market in 2022 while the battery enclosures application is projected to grow at a CAGR of 25.8% in terms of value. With the growth in electric vehicles sales and production the battery enclosure segment is expected to grow at a fastest pace. Battery enclosures made from composites offers weight reduction of about 40% in comparison to the battery enclosures made from aluminum. This reduction in weight of battery enclosure extends the driving range of the vehicle making it more economical.

Asia Pacific held the largest market share and is expected to witness the highest CAGR in the automotive composites market

Asia Pacific dominated the global automotive composites market in 2022 and is projected to witness a high growth rate (CAGR) of 13.4% between 2023 and 2028. China is one of the largest market in Asia Pacific region for automotive composites due to the large number of automakers in the country. China manufactured the maximum number of vehicles in 2021 and holds the record of about 50% of the worlds total sale of electric vehicles in 2021 which was stated to be 6.6 million by IEA. Asia Pacific being the hub of world prominent automakers has a huge potential to lead the automotive composite market in forecasted period. Increasing fuel efficiency by using lightweight materials has enforced the use of composites in the automotive applications which is driving the demand for product in the region.

Automotive Composites Market by Region

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Increasing use of carbon fiber composites in automotive applications

The demand for materials having high strength to weight ratio is increasing in automotive industry and hance, owing to the demand for carbon fiber reinforced plastics (CFRPs). CFRPs offer high strength to weight ration along with flexibility, and corrosion resistance. Carbon fiber composites can be tailored as per the need of the end user with different modulus and strength. The exterior application segment is leading the market, in terms of value, in 2022 due to the increasing demand for body panels, hoods, spoilers and other cpomposnents. Despite of numerous advantages offered by automotive composites the only major restraint for the market is the high expense manufacturing process. Considering the growth potential of carbon fiber composites, majority of leading companies have increased the production capacity, working on their R&D to speed up CFRP production and bring down prices.

Key Market Players

The key players in the global automotive composites market are:

  • Toray Industries Inc. (Japan)
  • SGL Carbon (Germany)
  • Teijin Limited (Japan)
  • Mitsubishi Chemical Holding Corporation (Japan)
  • Owens Cornings (US)
  • Hexcel Corporation (US)

These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the automotive composites industry. The study includes an in-depth competitive analysis of these key players in the automotive composites market, with their company profiles, recent developments, and key market strategies.

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Scope of the Report

Report Metric

Details

Years considered for the study

2018–2028

Base year

2022

Forecast period

2023–2028

Units considered

Value (USD Million/Billion), Volume (Kiloton)

Segments

Fiber Type, Resin Type, Manufacturing Process, Application, Vehicle Type, and Region

Regions

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Companies

Toray Industries Inc. (Japan), SGL Carbon (Germany), Teijin Limited (Japan), Mitsubishi Chemical Holding Corporation (Japan), Hexcel Corporation (US), Owen Cornings (US), Solvay SA (Belgium), Gurit (Switzerland), UFP Technologies Ltd. (US), Huntsman Corporation (US), and Hexion (US)

This research report categorizes the automotive composites market based on fiber type, resin type, manufacturing process, application, vehicle type, and region.

By Fiber Type:
  • Glass Fiber
  • Carbon Fiber
  • Others
By Resin Type:
  • Thermoset
  • Thermoplastic
By Manufacturing Process:
By Application:
  • Exterior
  • Interior
  • Powertrain & Chassis
  • Battery Enclosures
By Vehicle Type:
  • Non-electric
  • Electric
By Region:
  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

Recent Developments

  • In February 2022, Teijin Limited has entered into partnership with Fuji Design Co. Ltd., a Japanese manufacturer of recycled carbon fibers to supply, commercialize, and to produce carbon fiber reinforced products (CFRP) products from recycled carbon fiber
  • In April 2021, Japan Polychem Corporation, a wholly owned subsidiary of Mitsubishi Chemical Corporation, has decided to acquire the JPC (Japan Polypropylene Corporation) Group Companies to transfer the Polypropylene Compound (PPCP) business and Funcster™, thermoplastic resin reinforced with long glass fiber business from Japan Polypropylene Corporation to Japan Polychem Corporation.
  • In September 2021, Hexcel corporation entered into a partnership with HP Composites S.p.A. to develop carbon fiber Class A body panels for supercars using Hexcel’s   composites and advanced technology.
  • In February 2023, Toray Industries Inc. developed a rapid integration molding technique for CRFP (Carbon Reinforced Fiber Plastic) mobility components. This innovation will aid to mold CFRP mobility components in a better and faster way than the traditional molding setup.
  • In February 2022, Teijin Automotive Technologies, the core company of the Teijin Group's automotive composites business, started two new facility and one plant is under construction in China to meet the growing demand for composites due to the growing electric vehicles market.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 43)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
    1.4 MARKET SCOPE 
          FIGURE 1 AUTOMOTIVE COMPOSITES MARKET SEGMENTATION
          FIGURE 2 REGIONS COVERED
           1.4.1 YEARS CONSIDERED
    1.5 CURRENCY 
    1.6 UNITS CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 48)
    2.1 RESEARCH DATA 
          FIGURE 3 AUTOMOTIVE COMPOSITES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews–Top automotive composite manufacturers
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 BASE NUMBER CALCULATION 
           2.2.1 APPROACH 1: DEMAND-SIDE ANALYSIS
           2.2.2 APPROACH 2: SUPPLY-SIDE ANALYSIS
    2.3 FORECAST NUMBER CALCULATION 
           2.3.1 SUPPLY SIDE
           2.3.2 DEMAND SIDE
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION 
          FIGURE 6 AUTOMOTIVE COMPOSITES MARKET: DATA TRIANGULATION
    2.6 IMPACT OF SLOWDOWN/RECESSION 
    2.7 FACTOR ANALYSIS 
    2.8 ASSUMPTIONS 
    2.9 LIMITATIONS & RISKS 
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    FIGURE 7 THERMOPLASTIC RESIN SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    FIGURE 8 GLASS FIBER-BASED AUTOMOTIVE COMPOSITES TO ACCOUNT FOR HIGHEST MARKET SHARE
    FIGURE 9 INJECTION MOLDING SEGMENT TO DOMINATE OVERALL AUTOMOTIVE COMPOSITES MARKET
    FIGURE 10 NON-ELECTRIC VEHICLES SEGMENT TO LEAD CONSUMPTION OF AUTOMOTIVE COMPOSITES
    FIGURE 11 EXTERIOR SEGMENT LED OVERALL MARKET IN 2022
    FIGURE 12 ASIA PACIFIC LEADING AUTOMOTIVE COMPOSITES MARKET
 
4 PREMIUM INSIGHTS (Page No. - 61)
    4.1 ATTRACTIVE OPPORTUNITIES IN AUTOMOTIVE COMPOSITES MARKET 
          FIGURE 13 REDUCTION IN PRICE OF CARBON FIBER TO DRIVE MARKET GROWTH
    4.2 AUTOMOTIVE COMPOSITES MARKET, BY FIBER TYPE AND REGION 
          FIGURE 14 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF AUTOMOTIVE COMPOSITES MARKET
    4.3 AUTOMOTIVE COMPOSITES MARKET, BY RESIN TYPE 
          FIGURE 15 THERMOSET SEGMENT TO DOMINATE OVERALL AUTOMOTIVE COMPOSITES MARKET
    4.4 AUTOMOTIVE COMPOSITES MARKET, BY FIBER TYPE 
          FIGURE 16 GLASS FIBER DOMINATED OVERALL AUTOMOTIVE COMPOSITES MARKET
    4.5 AUTOMOTIVE COMPOSITES MARKET, BY MANUFACTURING PROCESS 
          FIGURE 17 INJECTION MOLDING PROCESS DOMINATED OVERALL MARKET
    4.6 AUTOMOTIVE COMPOSITES MARKET, BY VEHICLE TYPE 
          FIGURE 18 NON-ELECTRIC VEHICLE SEGMENT ACCOUNTED FOR LARGER SHARE OF AUTOMOTIVE COMPOSITES MARKET
    4.7 AUTOMOTIVE COMPOSITES MARKET, BY APPLICATION 
          FIGURE 19 INTERIOR APPLICATION HELD MAJOR SHARE IN OVERALL AUTOMOTIVE COMPOSITES MARKET
    4.8 AUTOMOTIVE COMPOSITES MARKET, BY COUNTRY 
          FIGURE 20 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 66)
    5.1 MARKET DYNAMICS 
          FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF AUTOMOTIVE COMPOSITES MARKET
           5.1.1 DRIVERS
                    5.1.1.1 Increase in demand for lightweight and fuel-efficient vehicles
                    5.1.1.2 Growth of environmentally friendly electric vehicles
                    5.1.1.3 Increasing use of cost-efficient and eco-friendly natural fibers in automotive applications
           5.1.2 RESTRAINTS
                    5.1.2.1 High processing and manufacturing cost of composites
                    5.1.2.2 Lack of technological advancement in emerging economies
           5.1.3 OPPORTUNITIES
                    5.1.3.1 Increasingly stringent government regulations
                    5.1.3.2 Growing demand from emerging economies
                    5.1.3.3 Penetration of carbon fiber composites in automotive applications
           5.1.4 CHALLENGES
                    5.1.4.1 Recyclability of composites
                    5.1.4.2 Developing low-cost technologies
    5.2 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 22 PORTER’S FIVE FORCES ANALYSIS: AUTOMOTIVE COMPOSITES MARKET
           5.2.1 THREAT OF NEW ENTRANTS
           5.2.2 THREAT OF SUBSTITUTES
           5.2.3 BARGAINING POWER OF SUPPLIERS
           5.2.4 BARGAINING POWER OF BUYERS
           5.2.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 1 AUTOMOTIVE COMPOSITES MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.3 SUPPLY CHAIN ANALYSIS 
          TABLE 2 AUTOMOTIVE COMPOSITES MARKET: SUPPLY CHAIN
    5.4 PRICING ANALYSIS 
           5.4.1 AVERAGE SELLING PRICES, BY KEY PLAYERS
                    FIGURE 23 AVERAGE SELLING PRICES FOR TOP THREE APPLICATIONS (USD/KG), BY KEY PLAYERS
    5.5 AVERAGE SELLING PRICE TREND 
          TABLE 3 AUTOMOTIVE COMPOSITES AVERAGE SELLING PRICE, BY REGION
    5.6 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
           5.6.2 BUYING CRITERIA
                    FIGURE 25 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 5 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.7 TECHNOLOGY ANALYSIS 
    5.8 REGULATORY LANDSCAPE 
          FIGURE 26 CO2 EMISSIONS, BY SECTOR (2022)
    5.9 KEY CONFERENCES AND EVENTS, 2022–2023 
          TABLE 6 AUTOMOTIVE COMPOSITES MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.10 GLOBAL REGULATORY FRAMEWORK AND ITS IMPACT ON AUTOMOTIVE COMPOSITES MARKET 
           5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.11 ECOSYSTEM: AUTOMOTIVE COMPOSITES MARKET 
    5.12 VALUE CHAIN ANALYSIS 
           FIGURE 27 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED DURING AUTOMOTIVE COMPOSITES RAW MATERIAL & MANUFACTURING PHASE
           5.12.1 RAW MATERIALS
           5.12.2 INTERMEDIATES
           5.12.3 MOLDERS
           5.12.4 OEMS/ASSEMBLY
    5.13 TRADE ANALYSIS: KEY MARKET FOR EXPORT/IMPORT 
           5.13.1 CHINA
           5.13.2 US
           5.13.3 GERMANY
           5.13.4 FRANCE
           5.13.5 INDIA
    5.14 CASE STUDY: AUTOMOTIVE COMPOSITES MARKET 
    5.15 TRENDS IMPACTING CUSTOMER BUSINESS 
    5.16 PATENT ANALYSIS 
           5.16.1 METHODOLOGY
           5.16.2 LIST OF PATENTS
                     TABLE 10 LIST OF PATENTS PUBLISHED IN 2018–2022
 
6 AUTOMOTIVE COMPOSITES MARKET, BY MANUFACTURING PROCESS (Page No. - 85)
    6.1 INTRODUCTION 
          FIGURE 28 RESIN TRANSFER MOLDING PROCESS TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 11 COMPARATIVE STUDY OF MAJOR AUTOMOTIVE COMPOSITES MANUFACTURING PROCESSES
          TABLE 12 AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
          TABLE 13 AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
          TABLE 14 AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
          TABLE 15 AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
    6.2 COMPRESSION MOLDING PROCESS 
          TABLE 16 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
          TABLE 17 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
          TABLE 18 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
          TABLE 19 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
    6.3 INJECTION MOLDING PROCESS 
          TABLE 20 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
          TABLE 21 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
          TABLE 22 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
          TABLE 23 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
          TABLE 24 INJECTION MOLDING PROCESS MARKET SIZE, BY APPLICATION, 2018–2022 (USD MILLION)
          TABLE 25 INJECTION MOLDING PROCESS MARKET SIZE, BY APPLICATION, 2018–2022 (KILOTON)
          TABLE 26 INJECTION MOLDING PROCESS MARKET SIZE, BY APPLICATION, 2023–2028 (USD MILLION)
          TABLE 27 INJECTION MOLDING PROCESS MARKET SIZE, BY APPLICATION, 2023–2028 (KILOTON)
    6.4 RESIN TRANSFER MOLDING PROCESS 
          FIGURE 29 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR RESIN TRANSFER MOLDING PROCESS
          TABLE 28 RESIN TRANSFER MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
          TABLE 29 RESIN TRANSFER MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
          TABLE 30 RESIN TRANSFER MOLDING PROCESS MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
          TABLE 31 RESIN TRANSFER MOLDING PROCESS MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
    6.5 OTHER PROCESSES 
           6.5.1 FILAMENT WINDING PROCESS
           6.5.2 CONTINUOUS PROCESS
           6.5.3 LAY-UP PROCESS
                    TABLE 32 OTHER PROCESSES MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 33 OTHER PROCESSES MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
                    TABLE 34 OTHER PROCESSES MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 35 OTHER PROCESSES MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
 
7 AUTOMOTIVE COMPOSITES MARKET, BY VEHICLE TYPE (Page No. - 98)
    7.1 INTRODUCTION 
          FIGURE 30 ELECTRIC VEHICLES SEGMENT TO REGISTER HIGHER CAGR BETWEEN 2023 AND 2028
          TABLE 36 AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (USD MILLION)
          TABLE 37 AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (KILOTON)
          TABLE 38 AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (USD MILLION)
          TABLE 39 AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (KILOTON)
    7.2 NON-ELECTRIC VEHICLES 
          TABLE 40 AUTOMOTIVE COMPOSITES MARKET SIZE IN NON-ELECTRIC VEHICLES, BY REGION, 2018–2022 (USD MILLION)
          TABLE 41 AUTOMOTIVE COMPOSITES MARKET SIZE IN NON-ELECTRIC VEHICLES, BY REGION, 2018–2022 (KILOTON)
          TABLE 42 AUTOMOTIVE COMPOSITES MARKET SIZE IN NON-ELECTRIC VEHICLES, BY REGION, 2023–2028 (USD MILLION)
          TABLE 43 AUTOMOTIVE COMPOSITES MARKET SIZE IN NON-ELECTRIC VEHICLES, BY REGION, 2023–2028 (KILOTON)
    7.3 ELECTRIC VEHICLES (EV) 
          TABLE 44 AUTOMOTIVE COMPOSITES MARKET SIZE IN ELECTRIC VEHICLES, BY REGION, 2018–2022 (USD MILLION)
          TABLE 45 AUTOMOTIVE COMPOSITES MARKET SIZE IN ELECTRIC VEHICLES, BY REGION, 2018–2022 (KILOTON)
          TABLE 46 AUTOMOTIVE COMPOSITES MARKET SIZE IN ELECTRIC VEHICLES, BY REGION, 2023–2028 (USD MILLION)
          TABLE 47 AUTOMOTIVE COMPOSITES MARKET SIZE IN ELECTRIC VEHICLES, BY REGION, 2023–2028 (KILOTON)
 
8 AUTOMOTIVE COMPOSITES MARKET, BY FIBER TYPE (Page No. - 105)
    8.1 INTRODUCTION 
          FIGURE 31 CARBON FIBER COMPOSITES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 48 AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
          TABLE 49 AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
          TABLE 50 AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
          TABLE 51 AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
    8.2 AUTOMOTIVE CARBON FIBER COMPOSITES 
          TABLE 52 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
          TABLE 53 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
          TABLE 54 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
          TABLE 55 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
 
           8.2.1 AUTOMOTIVE CARBON FIBER COMPOSITES, BY RESIN TYPE
                    TABLE 56 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 57 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 58 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY RESIN, 2023–2028 (USD MILLION)
                    TABLE 59 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY RESIN, 2023–2028 (KILOTON)
    8.3 AUTOMOTIVE GLASS FIBER COMPOSITES 
          FIGURE 32 ASIA PACIFIC TO DOMINATE AUTOMOTIVE GLASS FIBER COMPOSITES MARKET
          TABLE 60 AUTOMOTIVE GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
          TABLE 61 AUTOMOTIVE GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
          TABLE 62 AUTOMOTIVE GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
          TABLE 63 AUTOMOTIVE GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
    8.4 OTHER AUTOMOTIVE FIBER COMPOSITES 
           8.4.1 AUTOMOTIVE NATURAL FIBER COMPOSITES
                    TABLE 64 NATURAL FIBER COMPOSITES IN AUTOMOTIVE INDUSTRY, BY MANUFACTURER
           8.4.2 AUTOMOTIVE BASALT FIBER COMPOSITES
           8.4.3 AUTOMOTIVE ARAMID FIBER COMPOSITES
           8.4.4 AUTOMOTIVE HYBRID FIBER COMPOSITES
                    TABLE 65 OTHER AUTOMOTIVE FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 66 OTHER AUTOMOTIVE FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
                    TABLE 67 OTHER AUTOMOTIVE FIBER COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 68 OTHER AUTOMOTIVE FIBER COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
 
9 AUTOMOTIVE COMPOSITES MARKET, BY RESIN TYPE (Page No. - 116)
    9.1 INTRODUCTION 
          FIGURE 33 THERMOPLASTIC COMPOSITES TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
          TABLE 69 AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (USD MILLION)
          TABLE 70 AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (KILOTON)
          TABLE 71 AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (USD MILLION)
          TABLE 72 AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (KILOTON)
    9.2 THERMOSET COMPOSITES 
           9.2.1 POLYESTER RESIN
           9.2.2 VINYL ESTER RESIN
           9.2.3 EPOXY RESIN
           9.2.4 OTHERS
                    TABLE 73 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 74 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
                    TABLE 75 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 76 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
                    TABLE 77 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (USD MILLION)
                    TABLE 78 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (KILOTON)
                    TABLE 79 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (USD MILLION)
                    TABLE 80 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (KILOTON)
    9.3 THERMOPLASTIC COMPOSITES 
          FIGURE 34 ASIA PACIFIC TO DOMINATE THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET
           9.3.1 POLYPROPYLENE (PP)
           9.3.2 POLYAMIDE (PA)
           9.3.3 POLYPHENYLENE SULFIDE (PPS)
           9.3.4 OTHERS
                    9.3.4.1 Polyetheretherketone (PEEK)
                    9.3.4.2 Polyetherimide (PEI)
                                TABLE 81 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
                                TABLE 82 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
                                TABLE 83 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
                                TABLE 84 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
                                TABLE 85 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (USD MILLION)
                                TABLE 86 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (KILOTON)
                                TABLE 87 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (USD MILLION)
                                TABLE 88 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (KILOTON)
 
10 AUTOMOTIVE COMPOSITES MARKET, BY APPLICATION (Page No. - 128)
     10.1 INTRODUCTION 
             TABLE 89 AUTOMOTIVE COMPOSITES MARKET SIZE, BY APPLICATION, 2018–2022 (USD MILLION)
             TABLE 90 AUTOMOTIVE COMPOSITES MARKET SIZE, BY APPLICATION, 2018–2022 (KILOTON)
             TABLE 91 AUTOMOTIVE COMPOSITES MARKET SIZE, BY APPLICATION, 2023–2028 (USD MILLION)
             TABLE 92 AUTOMOTIVE COMPOSITES MARKET SIZE, BY APPLICATION, 2023–2028 (KILOTON)
             FIGURE 35 BATTERY ENCLOSURES APPLICATION TO WITNESS HIGHEST CAGR BETWEEN 2023 AND 2028
     10.2 EXTERIOR 
             TABLE 93 AUTOMOTIVE COMPOSITES MARKET SIZE IN EXTERIOR APPLICATION, BY FIBER TYPE, 2018–2022 (USD MILLION)
             TABLE 94 AUTOMOTIVE COMPOSITES MARKET SIZE IN EXTERIOR APPLICATION, BY FIBER TYPE, 2018–2022 (KILOTON)
             TABLE 95 AUTOMOTIVE COMPOSITES MARKET SIZE IN EXTERIOR APPLICATION, BY FIBER TYPE, 2023–2028 (USD MILLION)
             TABLE 96 AUTOMOTIVE COMPOSITES MARKET SIZE IN EXTERIOR APPLICATION, BY FIBER TYPE, 2023–2028 (KILOTON)
     10.3 INTERIOR 
             TABLE 97 AUTOMOTIVE COMPOSITES MARKET SIZE IN INTERIOR APPLICATION, BY FIBER TYPE, 2018–2022 (USD MILLION)
             TABLE 98 AUTOMOTIVE COMPOSITES MARKET SIZE IN INTERIOR APPLICATION, BY FIBER TYPE, 2018–2022 (KILOTON)
             TABLE 99 AUTOMOTIVE COMPOSITES MARKET SIZE IN INTERIOR APPLICATION, BY FIBER TYPE, 2023–2028 (USD MILLION)
             TABLE 100 AUTOMOTIVE COMPOSITES MARKET SIZE IN INTERIOR APPLICATION, BY FIBER TYPE, 2023–2028 (KILOTON)
     10.4 POWERTRAIN & CHASSIS 
             TABLE 101 AUTOMOTIVE COMPOSITES MARKET SIZE IN POWERTRAIN & CHASSIS APPLICATION, BY FIBER TYPE, 2018–2022 (USD MILLION)
             TABLE 102 AUTOMOTIVE COMPOSITES MARKET SIZE IN POWERTRAIN & CHASSIS APPLICATION, BY FIBER TYPE, 2018–2022 (KILOTON)
             TABLE 103 AUTOMOTIVE COMPOSITES MARKET SIZE IN POWERTRAIN & CHASSIS APPLICATION, BY FIBER TYPE, 2023–2028 (USD MILLION)
             TABLE 104 AUTOMOTIVE COMPOSITES MARKET SIZE IN POWERTRAIN & CHASSIS APPLICATION, BY FIBER TYPE, 2023–2028 (KILOTON)
     10.5 BATTERY ENCLOSURES 
             FIGURE 36 CARBON FIBER TO LEAD AUTOMOTIVE COMPOSITES MARKET IN BATTERY ENCLOSURES APPLICATION
             TABLE 105 AUTOMOTIVE COMPOSITES MARKET SIZE IN BATTERY ENCLOSURES APPLICATION, BY FIBER TYPE, 2018–2022 (USD MILLION)
             TABLE 106 AUTOMOTIVE COMPOSITES MARKET SIZE IN BATTERY ENCLOSURES APPLICATION, BY FIBER TYPE, 2018–2022 (KILOTON)
             TABLE 107 AUTOMOTIVE COMPOSITES MARKET SIZE IN BATTERY ENCLOSURES APPLICATION, BY FIBER TYPE, 2023–2028 (USD MILLION)
             TABLE 108 AUTOMOTIVE COMPOSITES MARKET SIZE IN BATTERY ENCLOSURES APPLICATION, BY FIBER TYPE, 2023–2028 (KILOTON)
 
11 REGIONAL ANALYSIS (Page No. - 138)
     11.1 INTRODUCTION 
             FIGURE 37 REGIONAL SNAPSHOT: ASIA PACIFIC TO LEAD GLOBAL AUTOMOTIVE COMPOSITES MARKET
             TABLE 109 AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (USD MILLION)
             TABLE 110 AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2018–2022 (KILOTON)
             TABLE 111 AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
             TABLE 112 AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2023–2028 (KILOTON)
     11.2 NORTH AMERICA 
             11.2.1 IMPACT OF RECESSION
                        FIGURE 38 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SNAPSHOT
                        TABLE 113 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (USD MILLION)
                        TABLE 114 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (KILOTON)
                        TABLE 115 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (USD MILLION)
                        TABLE 116 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (KILOTON)
                        TABLE 117 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 118 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 119 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 120 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 121 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (USD MILLION)
                        TABLE 122 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (KILOTON)
                        TABLE 123 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (USD MILLION)
                        TABLE 124 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (KILOTON)
                        TABLE 125 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                        TABLE 126 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                        TABLE 127 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 128 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
                        TABLE 129 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 130 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 131 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 132 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (KILOTON)
             11.2.2 US
                        11.2.2.1 High demand for lightweight material from automotive manufacturers to drive market
                                      TABLE 133 US: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 134 US: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 135 US: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 136 US: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.2.3 CANADA
                        11.2.3.1 Carbon fiber to be fastest-growing segment
                                      TABLE 137 CANADA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 138 CANADA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 139 CANADA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 140 CANADA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
     11.3 EUROPE 
             11.3.1 IMPACT OF RECESSION
                        FIGURE 39 EUROPE: AUTOMOTIVE COMPOSITES MARKET SNAPSHOT
                        TABLE 141 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (USD MILLION)
                        TABLE 142 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (KILOTON)
                        TABLE 143 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (USD MILLION)
                        TABLE 144 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (KILOTON)
                        TABLE 145 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 146 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 147 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 148 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 149 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (USD MILLION)
                        TABLE 150 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (KILOTON)
                        TABLE 151 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (USD MILLION)
                        TABLE 152 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (KILOTON)
                        TABLE 153 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                        TABLE 154 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                        TABLE 155 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 156 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
                        TABLE 157 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 158 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 159 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 160 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (KILOTON)
             11.3.2 GERMANY
                        11.3.2.1 Huge demand for glass fiber automotive composites to drive market
                                      TABLE 161 GERMANY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 162 GERMANY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 163 GERMANY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 164 GERMANY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.3.3 FRANCE
                        11.3.3.1 Demand from high-end car manufacturers to support market growth
                                      TABLE 165 FRANCE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 166 FRANCE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 167 FRANCE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 168 FRANCE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.3.4 UK
                        11.3.4.1 Growth of electric vehicles industry to create opportunities for lightweight composites market
                                      TABLE 169 UK: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 170 UK: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 171 UK: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 172 UK: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.3.5 ITALY
                        11.3.5.1 Demand for carbon fiber-based automotive composites to increase at a faster pace
                                      TABLE 173 ITALY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 174 ITALY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 175 ITALY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 176 ITALY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.3.6 SPAIN
                        11.3.6.1 Glass fiber segment to be dominant market during forecast period
                                      TABLE 177 SPAIN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 178 SPAIN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 179 SPAIN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 180 SPAIN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.3.7 RUSSIA
                        11.3.7.1 Large manufacturing base for passenger cars to fuel demand for composites
                                      TABLE 181 RUSSIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 182 RUSSIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 183 RUSSIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 184 RUSSIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.3.8 BELGIUM
                        11.3.8.1 Presence of major automotive companies to drive market
                                      TABLE 185 BELGIUM: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 186 BELGIUM: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 187 BELGIUM: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 188 BELGIUM: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.3.9 REST OF EUROPE
                        TABLE 189 REST OF EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                        TABLE 190 REST OF EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                        TABLE 191 REST OF EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 192 REST OF EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
     11.4 ASIA PACIFIC 
             11.4.1 IMPACT OF RECESSION
                        FIGURE 40 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SNAPSHOT
                        TABLE 193 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN, 2018–2022 (USD MILLION)
                        TABLE 194 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN, 2018–2022 (KILOTON)
                        TABLE 195 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN, 2023–2028 (USD MILLION)
                        TABLE 196 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN, 2023–2028 (KILOTON)
                        TABLE 197 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 198 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 199 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 200 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 201 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (USD MILLION)
                        TABLE 202 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (KILOTON)
                        TABLE 203 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (USD MILLION)
                        TABLE 204 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (KILOTON)
                        TABLE 205 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                        TABLE 206 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                        TABLE 207 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 208 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
                        TABLE 209 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 210 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 211 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 212 ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (KILOTON)
             11.4.2 CHINA
                        11.4.2.1 Large automotive industry to fuel demand for automotive composites
                                      TABLE 213 CHINA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 214 CHINA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 215 CHINA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 216 CHINA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.4.3 JAPAN
                        11.4.3.1 Largest producer of carbon fiber in Asia Pacific
                                      TABLE 217 JAPAN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 218 JAPAN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 219 JAPAN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 220 JAPAN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.4.4 INDIA
                        11.4.4.1 Growing end-use applications to support market growth
                                      TABLE 221 INDIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 222 INDIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 223 INDIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 224 INDIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.4.5 SOUTH KOREA
                        11.4.5.1 Lack of skilled workers to be a restraint to market growth in South Korea
                                      TABLE 225 SOUTH KOREA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 226 SOUTH KOREA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 227 SOUTH KOREA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 228 SOUTH KOREA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.4.6 AUSTRALIA
                        11.4.6.1 Growing sales of electric and hybrid cars to drive market
                                      TABLE 229 AUSTRALIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 230 AUSTRALIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 231 AUSTRALIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 232 AUSTRALIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.4.7 REST OF ASIA PACIFIC
                        TABLE 233 REST OF ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                        TABLE 234 REST OF ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                        TABLE 235 REST OF ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 236 REST OF ASIA PACIFIC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
     11.5 LATIN AMERICA 
             11.5.1 IMPACT OF RECESSION
                        FIGURE 41 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SNAPSHOT
                        TABLE 237 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (USD MILLION)
                        TABLE 238 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (KILOTON)
                        TABLE 239 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (USD MILLION)
                        TABLE 240 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (KILOTON)
                        TABLE 241 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 242 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 243 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 244 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 245 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (USD MILLION)
                        TABLE 246 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (KILOTON)
                        TABLE 247 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (USD MILLION)
                        TABLE 248 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (KILOTON)
                        TABLE 249 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                        TABLE 250 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                        TABLE 251 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 252 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
                        TABLE 253 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 254 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 255 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 256 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (KILOTON)
             11.5.2 MEXICO
                        11.5.2.1 Largest motor vehicle producer in Latin America
                                      TABLE 257 MEXICO: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 258 MEXICO: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 259 MEXICO: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 260 MEXICO: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.5.3 BRAZIL
                        11.5.3.1 Glass fiber segment to dominate market during forecast period
                                      TABLE 261 BRAZIL: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 262 BRAZIL: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 263 BRAZIL: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 264 BRAZIL: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.5.4 REST OF LATIN AMERICA
                        TABLE 265 REST OF LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                        TABLE 266 REST OF LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                        TABLE 267 REST OF LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 268 REST OF LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
     11.6 MIDDLE EAST & AFRICA 
             11.6.1 IMPACT OF RECESSION
                        FIGURE 42 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SNAPSHOT
                        TABLE 269 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (USD MILLION)
                        TABLE 270 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2022 (KILOTON)
                        TABLE 271 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (USD MILLION)
                        TABLE 272 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2023–2028 (KILOTON)
                        TABLE 273 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (USD MILLION)
                        TABLE 274 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2022 (KILOTON)
                        TABLE 275 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (USD MILLION)
                        TABLE 276 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2023–2028 (KILOTON)
                        TABLE 277 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (USD MILLION)
                        TABLE 278 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2022 (KILOTON)
                        TABLE 279 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (USD MILLION)
                        TABLE 280 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2023–2028 (KILOTON)
                        TABLE 281 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                        TABLE 282 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                        TABLE 283 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 284 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
                        TABLE 285 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (USD MILLION)
                        TABLE 286 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2022 (KILOTON)
                        TABLE 287 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 288 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2023–2028 (KILOTON)
             11.6.2 SOUTH AFRICA
                        11.6.2.1 Carbon fiber segment to witness highest growth
                                      TABLE 289 SOUTH AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 290 SOUTH AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 291 SOUTH AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 292 SOUTH AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.6.3 UAE
                        11.6.3.1 UAE to be fastest-growing economy in Middle East & Africa
                                      TABLE 293 UAE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                                      TABLE 294 UAE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                                      TABLE 295 UAE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                                      TABLE 296 UAE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
             11.6.4 REST OF MIDDLE EAST & AFRICA
                        TABLE 297 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (USD MILLION)
                        TABLE 298 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2022 (KILOTON)
                        TABLE 299 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (USD MILLION)
                        TABLE 300 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2023–2028 (KILOTON)
 
12 COMPETITIVE LANDSCAPE (Page No. - 207)
     12.1 INTRODUCTION 
     12.2 MARKET SHARE ANALYSIS 
             FIGURE 43 SHARE OF TOP COMPANIES IN AUTOMOTIVE COMPOSITES MARKET IN 2021
             TABLE 301 DEGREE OF COMPETITION
     12.3 MARKET RANKING 
             FIGURE 44 RANKING OF TOP FIVE PLAYERS IN AUTOMOTIVE COMPOSITES MARKET
     12.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS 
             FIGURE 45 REVENUE ANALYSIS
     12.5 COMPANY EVALUATION MATRIX 
             TABLE 302 COMPANY OVERALL T FOOTPRINT
             TABLE 303 COMPANY FIBER TYPE FOOTPRINT
             TABLE 304 COMPANY APPLICATION FOOTPRINT
             TABLE 305 COMPANY REGION FOOTPRINT
     12.6 COMPETITIVE LANDSCAPE MAPPING 
             12.6.1 STARS
             12.6.2 PERVASIVE PLAYERS
             12.6.3 PARTICIPANTS
             12.6.4 EMERGING LEADERS
                        FIGURE 46 COMPETITIVE LEADERSHIP MAPPING, 2022
             12.6.5 STRENGTH OF PRODUCT PORTFOLIO
                        FIGURE 47 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN AUTOMOTIVE COMPOSITES MARKET
             12.6.6 BUSINESS STRATEGY EXCELLENCE
                        FIGURE 48 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN AUTOMOTIVE COMPOSITES MARKET
     12.7 COMPETITIVE SCENARIO AND TRENDS 
             TABLE 306 DEALS, 2017–2023
             TABLE 307 OTHER DEVELOPMENTS, 2017–2023
     12.8 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 
             TABLE 308 KEY STARTUPS/SMES
             TABLE 309 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.9 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX 
             12.9.1 PROGRESSIVE COMPANIES
             12.9.2 RESPONSIVE COMPANIES
             12.9.3 DYNAMIC COMPANIES
             12.9.4 STARTING BLOCKS
                        FIGURE 49 SMALL AND MEDIUM-SIZED ENTERPRISES MAPPING, 2022
 
13 COMPANY PROFILES (Page No. - 227)
(Business Overview, Products Offered, Recent Developments, Deals, Other developments, MnM view, Right to win, Strategic choices, Weakness and competitive threats) *
     13.1 KEY COMPANIES 
             13.1.1 TORAY INDUSTRIES INC.
                        TABLE 310 TORAY INDUSTRIES INC.: COMPANY OVERVIEW
                        FIGURE 50 TORAY INDUSTRIES INC.: COMPANY SNAPSHOT
             13.1.2 SGL CARBON SE
                        TABLE 311 SGL CARBON SE: COMPANY OVERVIEW
                        FIGURE 51 SGL CARBON SE: COMPANY SNAPSHOT
             13.1.3 TEIJIN LIMITED
                        TABLE 312 TEIJIN LIMITED: COMPANY OVERVIEW
                        FIGURE 52 TEIJIN LIMITED: COMPANY SNAPSHOT
             13.1.4 MITSUBISHI CHEMICAL HOLDINGS CORPORATION
                        TABLE 313 MITSUBISHI CHEMICAL HOLDINGS CORPORATION: COMPANY OVERVIEW
                        FIGURE 53 MITSUBISHI CHEMICAL HOLDINGS CORPORATION.: COMPANY SNAPSHOT
             13.1.5 HEXCEL CORPORATION
                        TABLE 314 HEXCEL CORPORATION: COMPANY OVERVIEW
                        FIGURE 54 HEXCEL CORPORATION: COMPANY SNAPSHOT
             13.1.6 MAGNA INTERNATIONAL
                        TABLE 315 MAGNA INTERNATIONAL: COMPANY OVERVIEW
                        FIGURE 55 MAGNA INTERNATIONAL: COMPANY SNAPSHOT
             13.1.7 PLASAN CARBON COMPOSITES
                        TABLE 316 PLASAN CARBON COMPOSITES: COMPANY OVERVIEW
             13.1.8 SOLVAY S.A.
                        TABLE 317 SOLVAY S. A.: COMPANY OVERVIEW
                        FIGURE 56 SOLVAY S. A.: COMPANY SNAPSHOT
             13.1.9 HUNTSMAN INTERNATIONAL LLC.
                        TABLE 318 HUNTSMAN INTERNATIONAL LLC.: COMPANY OVERVIEW
                        FIGURE 57 HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT
             13.1.10 NIPPON ELECTRIC GLASS CO., LTD.
                        TABLE 319 NIPPON ELECTRIC GLASS CO., LTD.: COMPANY OVERVIEW
                        FIGURE 58 NIPPON ELECTRIC GLASS CO., LTD.: SNAPSHOT
             13.1.11 JUSHI GROUP CO. LTD.
                        TABLE 320 JUSHI GROUP CO., LTD.: COMPANY OVERVIEW
             13.1.12 UFP TECHNOLOGIES, INC.
                        TABLE 321 UFP TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        FIGURE 59 UFP TECHNOLOGIES, INC.: SNAPSHOT
     13.2 OTHER PLAYERS 
             13.2.1 HEXION
                        TABLE 322 HEXION: COMPANY OVERVIEW
             13.2.2 CHONGQING POLYCOMP INTERNATIONAL CORPORATION
                        TABLE 323 CHONGQING POLYCOMP INTERNATIONAL CORPORATION: COMPANY OVERVIEW
             13.2.3 OWENS CORNING
                        TABLE 324 OWENS CORNING: COMPANY OVERVIEW
             13.2.4 MUBEA CARBO TECH GMBH
                        TABLE 325 MUBEA CARBO TECH GMBH: COMPANY OVERVIEW
             13.2.5 TPI COMPOSITES
                        TABLE 326 TPI COMPOSITES: COMPANY OVERVIEW
             13.2.6 FORMAPLEX
                        TABLE 327 FORMAPLEX: COMPANY OVERVIEW
             13.2.7 CREATIVE COMPOSITES LTD.
                        TABLE 328 CREATIVE COMPOSITES LTD.: COMPANY OVERVIEW
             13.2.8 GMS COMPOSITES
                        TABLE 329 GMS COMPOSITES: COMPANY OVERVIEW
             13.2.9 QUANTUM COMPOSITES
                        TABLE 330 QUANTUM COMPOSITES: COMPANY OVERVIEW
             13.2.10 EXEL COMPOSITES
                        TABLE 331 EXEL COMPOSITES: COMPANY OVERVIEW
             13.2.11 SABIC
                        TABLE 332 SABIC: COMPANY OVERVIEW
             13.2.12 3B-THE FIBREGLASS COMPANY
                        TABLE 333 3B-THE FIBREGLASS COMPANY: COMPANY OVERVIEW
 
*Details on Business Overview, Products Offered, Recent Developments, Deals, Other developments, MnM view, Right to win, Strategic choices, Weakness and competitive threats might not be captured in case of unlisted companies.
 
14 APPENDIX (Page No. - 276)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

The study involved two major activities in estimating the current size of the automotive composites market. Exhaustive secondary research was performed to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Factiva, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The automotive composites market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is primarily characterized by the growth in various applications such as exterior, interior, powertrain, and chassis. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Automotive Composites Market Size, and Share

Notes: Tiers of companies are selected based on their ownership and revenues in 2022.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the automotive composites market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall automotive composites market size, using the market size estimation processes explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the fuel tank, and transportation tank applications.

Market Defination

Automotive composites are the composites which are formed by the combination of fiber reinforcement with a suitable polymer matrix type. These polymer matrices are made of either thermoset resin or thermoplastics resin. The fibers used for reinforcements in automotive composites are glass fiber, carbon fibers, natural fibers, and aramid fibers.

Key Stakeholders

  • Fiber manufacturers
  • Resin manufacturers
  • Raw material suppliers
  • Distributors and suppliers
  • Industry associations
  • Universities, governments & research organizations
  • Associations and industrial bodies
  • Research and consulting firms
  • R&D institutions
  • Environmental support agencies
  • Investment banks and private equity firms

Objectives of the Report

  • To define, describe, and forecast the size of the automotive composites market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To provide detailed information about the technological advancements influencing the growth of the market
  • To forecast the market based on the type, application and end-use industry
  • To define, describe, and forecast the market based on five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze recent developments such as expansions and joint ventures in the market
  • To strategically profile the key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of Rest of Europe automotive composites market
  • Further breakdown of Rest of Asia Pacific automotive composites market
  • Further breakdown of Rest of Middle East & Africa automotive composites market
  • Further breakdown of Rest of Latin America automotive composites markets

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
CH 2907
Published ON
Apr, 2023
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