Automotive Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoet, Thermoplastic), Manufacturing Process (Compression Molding, Injection Molding, Rtm), Application (Exterior, Interior, Powertrain, Chassis), Vehicle Type (Non-Eectric, Electric), Region - Global Forecast to 2027
Updated on : March 09, 2023
Automotive Composite Market
The automotive composites market was estimated at USD 6.7 billion in 2022 and is projected to reach USD 11.5 billion by 2027, growing at a cagr 11.5% from 2022 to 2027. Increasing demand for fuel-efficient, and light-weight vehicles is fueling the usage and thereby demand of automotive composites across the world. Moreover, due to growing awareness of various strict government regulations related to emission control is shifting many OEMs to use automotive composites.
Automotive Composites Market Trends
Note e-estimated; p-projected.
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Automotive Composites Market Dynamics
DRIVERS: Increasing use of cost-efficient and eco-friendly natural fibers in automotive industry
Natural fibers are gaining importance in automotive applications due to their significant lightweight property. The density of natural fiber is 1.5g/cc, and that of glass fiber is 2.5g/cc. Low-density natural fibers make car parts lighter in weight. Also, natural fiber composites require less molding energy than fiberglass composites, which helps in reducing the production cost. OEMs such as Audi, BMW, and Ford, among others, have incorporated the use of natural fiber in seat backs, side and back door panels, dashboards, and boot lining.
Natural fibers are obtained from plants and are, thus, biodegradable in nature. These fibers carry minimum risk of recyclability and are thus considered highly environment-friendly. The increasing government concerns towards maintaining the ecological balance is highly driving the use of natural fiber composites in various applications.
Restraint: Lack of technological advancement in the emerging economies
The use of composites in the automotive industry is highly concentrated in technologically developed countries such as the US, Germany, Italy, China, and others. These countries focus majorly on technological advancement and have highly skilled automotive engineers. Governments of these countries have laid strict standards against the control of CO2 emission and, thus, OEMs in these countries, namely Ford, BMW, Daimler, Fiat, and Qiantu Motors, incorporate high use of composites in their vehicles to follow government norms and make the vehicles lightweight and fuel-efficient. However, the technology is still in the penetration phase in countries such as India, Brazil, Mexico, and OEMs in these regions are still hesitant to use composites in automotive applications due to the high cost of technology. The use of traditional materials such as steel and alumina are still dominant in these countries due to their cost-efficiency.
Opportunities: Penetration of carbon fiber composites in various automotive applications
Carbon fiber reinforced plastic (CFRPs) are finding new applications in the automotive industry as it demands materials with ever-higher strength to weight ratio, flexibility, and corrosion resistance. Various grades of carbon fiber composites with a certain range of modulus and strength are now available for specific uses. The demand for body panels, propeller shafts, hoods, spoilers, and other automotive components is expected to grow. Considering the growth potential of carbon fiber composites and potential new applications in the future, the majority of leading companies have increased the production capacity of composites over the last five years. Manufacturers are also exploring newer methods and materials to speed up CFRP production and bring down high prices. For instance, Kordsa has particularly focused its attention on reducing labor cost for both molding processes and the preparation of interior/exterior CFRP parts with the launch of the CM11 fast curing resin system. The system is parallel to the 3-to-5-minute press cycle, offering a great class A-surface finish without pinholes and carbon fiber print through marking. This has generated lucrative opportunities for market players in the automotive composite market.
Challenges: Developing low-cost technologies
The high cost of composites has been an important concern associated with their use in the automotive sector. Due to technological advancements, many applications of composites in automotive have been discovered. However, due to the high cost, the commercialization of these applications is yet to begin. Owing to high R&D costs, developing low-cost technologies is a major challenge for researchers and key manufacturers.
Carbon fiber to have largest CAGR during the forecast period
Carbon fibers used in automotive composites provide superior properties, such as high abrasion resistance, wear resistance, high modulus, increased strength, high stiffness, low density, excellent chemical resistance, and low creep, which make them highly suitable for automotive components, interior car panels, and other vehicle parts.
Thermoplastic Composites to held second-largest share of the automotive composites market in 2021
Thermoplastic resins are used with long fibers to enable high stiffness and lightweight properties for automotive applications. The application of thermoplastic resins as a matrix material in fiber-reinforced composites has increased significantly in recent years. Thermoplastic resin has been used with continuous fiber to create a structural composite product. The main advantage of thermoplastic resin as matrix material is that the composite formed can be reshaped and reformed, unlike thermoset resin. The composite formed is easily recyclable, and its use has increased significantly over the last decade.
Chassis application to grow with highest CAGR during the forecast period
Chassis is the structural frame of a vehicle that supports the overall vehicle body. The various parts of a vehicle body, such as interior parts, exterior parts, and powertrain, are fabricated on the chassis of the car body. The weight of a vehicle body is borne by the chassis as all the parts are fabricated on the chassis structure. The chassis of a car should necessarily have high strength and stiffness to bear the weight of all the car parts fabricated on its surface. Traditional materials such as steel and aluminum were initially used in the manufacturing of the chassis of a car body.
Europe held the largest market share in the automotive composites market in 2021
Europe is the largest automotive composites market due to the presence of established automotive manufacturers in Germany, France, the UK, and Italy. Major automotive industry players, such as BMW, Audi, and General Motors, are exploring new application areas of automotive composites in this industry.
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Key Players in Automotive Composites Market
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)
- 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.
Automotive Composites Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2022 |
USD 6.7 Billion |
|
Revenue Forecast in 2027 |
USD 11.5 Billion |
|
CAGR |
11.5% |
|
Years considered for the study |
2018–2025 |
|
Base year |
2019 |
|
Forecast period |
2020–2025 |
|
Units considered |
Value (USD Million), Volume (Kiloton) |
|
Segments |
Fiber Type, Resin Type, Manufacturing Process, Application, Vehicle Type, and Region |
|
Regions |
Europe, North America, APAC, MEA, and Latin America |
|
Companies |
Toray Industries Inc. (Japan), SGL Carbon (Germany), Teijin Limited (Japan), Mitsubishi Chemical Holding Corporation (Japan), Hexcel Corporation (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:
- Compression Molding
- Injection Molding
- Resin Transfer Molding (RTM)
- Others
By Application:
- Exterior
- Interior
- Powertrain
- Chassis
By Vehicle Type:
- Non-electric
- Electric
By Region:
- North America
- Europe
- APAC
- Latin America
- Middle East & Africa
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.
Recent Developments
- In October 2020, Teijin Group strategically partnered with AZL Partner New York for their lightweight production technology. This technology is aimed at transforming their business model to closely realize multifunctional and more lightweight next generation vehicles.
- In August 2020, SGL Carbonl SGL Carbon, along with joint coordinator Consortium, succeeded in improving the thermal insulation properties for the new composite materials by around 120 % and have made commercially available carbon materials.
- In March 2020, Huntsman International Huntsman acquired CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives, and coatings markets. The acquisition of CVC Thermoset Specialties has widened the breadth of Huntsman’s advanced materials portfolio, which in turn, will positively impact the company’s automotive composite business.
- In January 2020, SGL Carbon expanded its production facilities by inaugurating a new production hall at the Bonn site for graphite-based automotive components. The company has invested around Euro 25 million for this expansion and modernization of graphite automotive components.
Frequently Asked Questions (FAQ):
What are the factors influencing the growth of the automotive composites market?
The demand for lightweight and fuel efficient vehicle as well as growing shift towards electric vehicles driving growth of automotive composites market
Which is the largest country-level market for automotive composites?
Germany is the largest automotive composites market due to presence of established manufacturers, industrial expansion, and stringent regulations imposed by government of Europe for carbon emission pushing OEMs to use composites in automotiv which in turn is pushing the demand for automotive composites within the country
What are the factors contributing to the final price of automotive composites?
Raw material plays a vital role in the costs. The cost of these materials contributes largely to the final pricing of automotive composites.
What are the challenges in the automotive composites market?
Recyclability of composites and developing low-cost technologies are the major challenges in the automotive composite market.
Whaat are the opportunities in the automotive composites mark?
Increasing awareness of OEMs towards strict government regulations increasing demand from emerging economies are the lucrative growth opportunities for automotive composites market.
Which fiber type holds the largest market share of automotive composites?
Glass fiber holds the largest share due to easy availability, processability, and economical price of the material as comapared to carbon fiber.
How is the automotive composites market aligned?
The market is growing at a significant pace. It is a potential market and many manufactures are planning business strategies to expand their business especially in the Asia Pacific region.
Who are the major manufacturers?
Toray Industries Inc. (Japan), SGL Carbon (Germany), Teijin Limited (Japan), Mitsubishi Chemical Holding Corporation (Japan), Hexcel Corporation (US), Solvay SA (Belgium), Gurit (Switzerland), UFP Technologies Ltd. (US), Huntsman Corporation (US), and Hexion (US).
What are the applications of automotive composites?
Exterior, interior, powertrain, and chassis are the major applications of automotive composites.
What is the biggest restraint in the automotive composites market?
High processing and manufacturing cost of composites and lack of technological advancement in developing economiesacts as retarint in the growth of the mraket .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 28)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 AUTOMOTIVE COMPOSITES MARKET: BY FIBER - INCLUSIONS AND EXCLUSIONS
1.2.2 AUTOMOTIVE COMPOSITES MARKET: BY RESIN - INCLUSIONS AND EXCLUSIONS
1.2.3 AUTOMOTIVE COMPOSITES MARKET: BY MANUFACTURING PROCESS - INCLUSIONS AND EXCLUSIONS
1.2.4 AUTOMOTIVE COMPOSITES MARKET: BY APPLICATION - INCLUSIONS AND EXCLUSIONS
1.2.5 AUTOMOTIVE COMPOSITES MARKET: BY VEHICLE TYPE - INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 AUTOMOTIVE COMPOSITES MARKET SEGMENTATION
FIGURE 2 REGIONS COVERED
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 34)
2.1 RESEARCH DATA
FIGURE 3 AUTOMOTIVE COMPOSITES MARKET: RESEARCH METHODOLOGY
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
2.3 MARKET SIZE ESTIMATION
2.3.1 SUPPLY-SIDE ANALYSIS
2.3.2 DEMAND-SIDE ANALYSIS
2.4 DATA TRIANGULATION
FIGURE 4 AUTOMOTIVE COMPOSITES MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
2.5.1 RISK ANALYSIS
3 EXECUTIVE SUMMARY (Page No. - 41)
FIGURE 5 THERMOSET RESIN SEGMENT DOMINATE OVERALL AUTOMOTIVE COMPOSITES MARKET
FIGURE 6 GLASS FIBER-BASED AUTOMOTIVE COMPOSITE ACCOUNTS FOR HIGHEST MARKET SHARE
FIGURE 7 RESIN TRANSFER MOLDING (RTM) SEGMENT TO DOMINATE OVERALL AUTOMOTIVE COMPOSITES MARKET
FIGURE 8 NON-ELECTRIC VEHICLE SEGMENT TO LED CONSUMPTION OF AUTOMOTIVE COMPOSITES
FIGURE 9 CHASSIS SEGMENT TO LEAD OVERALL MARKET BETWEEN 2020 AND 2025
FIGURE 10 EUROPE LEADING THE AUTOMOTIVE COMPOSITES MARKET
4 PREMIUM INSIGHTS (Page No. - 46)
4.1 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE COMPOSITES MARKET
FIGURE 11 REDUCTION IN PRICE OF CARBON FIBER TO DRIVE MARKET GROWTH
4.2 AUTOMOTIVE COMPOSITES MARKET, BY FIBER TYPE AND REGION
FIGURE 12 EUROPE ACCOUNTED FOR LARGEST SHARE IN AUTOMOTIVE COMPOSITES MARKET
4.3 AUTOMOTIVE COMPOSITES MARKET, BY RESIN TYPE
FIGURE 13 THERMOPLASTIC SEGMENT TO DOMINATE OVERALL AUTOMOTIVE COMPOSITES MARKET
4.4 AUTOMOTIVE COMPOSITES MARKET, BY FIBER TYPE
FIGURE 14 GLASS FIBER DOMINATES OVERALL AUTOMOTIVE COMPOSITES MARKET
4.5 AUTOMOTIVE COMPOSITES MARKET, BY MANUFACTURING PROCESS
FIGURE 15 RTM MANUFACTURING PROCESS TO DOMINATE OVERALL MARKET
4.6 AUTOMOTIVE COMPOSITES MARKET, BY VEHICLE TYPE
FIGURE 16 NON-ELECTRIC VEHICLE SEGMENT ACCOUNTS FOR LARGER SHARE OF AUTOMOTIVE COMPOSITES MARKET
4.7 AUTOMOTIVE COMPOSITES MARKET, BY APPLICATION
FIGURE 17 CHASSIS APPLICATION TO DOMINATE OVERALL AUTOMOTIVE COMPOSITES MARKET
4.8 AUTOMOTIVE COMPOSITES MARKET, BY COUNTRY
FIGURE 18 CHINA TO REGISTER HIGHEST CAGR DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 50)
5.1 MARKET DYNAMICS
FIGURE 19 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 Increase in demand for 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
5.1.2.3 Declining economy due to COVID-19
5.1.3 OPPORTUNITIES
5.1.3.1 Increasingly stringent government regulations
5.1.3.2 Increasing 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
5.1.4.3 Recovery of market from COVID-19
5.2 PORTER’S FIVE FORCES ANALYSIS
FIGURE 20 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
5.3 SUPPLY CHAIN ANALYSIS
5.4 PATENT ANALYSIS
5.4.1 METHODOLOGY
5.4.2 DOCUMENT TYPE
FIGURE 21 PATENT PUBLICATION TRENDS - LAST 6 YEARS
5.4.3 INSIGHT
FIGURE 22 PATENT JURISDICTION ANALYSIS FOR AUTOMOTIVE COMPOSITES, 2019
5.4.4 APPLICANTS OF AUTOMOTIVE COMPOSITES PATENTS IN 2019
FIGURE 23 APPLICANTS OF AUTOMOTIVE COMPOSITES PATENTS IN 2019
5.5 ECOSYSTEM: AUTOMOTIVE COMPOSITES MARKET
5.6 VALUE CHAIN ANALYSIS AND IMPACT OF COVID-19
5.6.1 RAW MATERIALS
5.6.2 INTERMEDIATES
5.6.3 MOLDER
5.6.4 OEM/ASSEMBLY
5.7 PRICING ANALYSIS
5.7.1 AVERAGE SELLING PRICE
TABLE 1 AUTOMOTIVE COMPOSITES AVERAGE SELLING PRICE, BY REGION
5.8 TECHNOLOGY ANALYSIS
5.9 KEY MARKET FOR EXPORT/IMPORT
5.9.1 CHINA: NEW TECHNOLOGIES, OLD CHALLENGES
5.9.2 US: MARKET LEADER
5.9.3 GERMANY: DOWN WITH DIESEL AND EMERGED WITH ELECTRIC
5.9.4 FRANCE: REVVING UP
5.9.5 INDIA: ENGINES ON
5.10 REGULATORY LANDSCAPE
FIGURE 24 CO2 EMISSIONS FROM TRANSPORT SECTOR, 2018
FIGURE 25 ELECTRIC CARS DEPLOYMENT, SELECTED COUNTRIES (2016-2018)
5.11 CASE STUDY: COMPOSITES ROLLER MARKET
5.12 AUTOMOTIVE COMPOSITES YCC SHIFT
6 COMPOSITES MARKET, BY RESIN TYPE (Page No. - 67)
6.1 INTRODUCTION
FIGURE 26 THERMOPLASTIC COMPOSITES TO GROW AT A HIGHER CAGR
TABLE 2 AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE, 2018–2025 (USD MILLION)
TABLE 3 AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2018–2025 (KILOTON)
6.2 THERMOSET COMPOSITES
6.2.1 POLYESTER RESIN
6.2.2 VINYL ESTER RESIN
6.2.3 EPOXY RESIN
6.2.4 OTHERS
TABLE 4 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 5 THERMOSET AUTOMOTIVE COMPOSITE MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
TABLE 6 THERMOSET AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2018–2025 (USD MILLION)
TABLE 7 THERMOSET AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2018–2025 (KILOTON)
6.3 THERMOPLASTIC COMPOSITES
FIGURE 27 EUROPE TO DOMINATE THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET
6.3.1 POLYPROPYLENE (PP)
6.3.2 POLYAMIDE (PA)
6.3.3 POLYPHENYLENE SULFIDE (PPS)
6.3.4 OTHERS
6.3.4.1 Polyetheretherketone (PEEK)
6.3.4.2 Polyetherimide (PEI)
TABLE 8 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 9 THERMOPLASTIC AUTOMOTIVE COMPOSITE MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
TABLE 10 THERMOPLASTIC AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2018–2025 (USD MILLION)
TABLE 11 THERMOPLASTIC AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN TYPE, 2018–2025 (KILOTON)
7 AUTOMOTIVE COMPOSITES MARKET, BY FIBER TYPE (Page No. - 76)
7.1 INTRODUCTION
TABLE 12 AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
FIGURE 28 CARBON FIBER COMPOSITES TO REGISTER HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 13 AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
7.2 AUTOMOTIVE CARBON FIBER COMPOSITES
TABLE 14 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 AUTOMOTIVE CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
7.3 AUTOMOTIVE GLASS FIBER COMPOSITES
TABLE 16 AUTOMOTIVE GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
FIGURE 29 EUROPE DOMINATES AUTOMOTIVE GLASS FIBER COMPOSITES MARKET
TABLE 17 AUTOMOTIVE GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
7.4 OTHER AUTOMOTIVE FIBER COMPOSITES
7.5 AUTOMOTIVE NATURAL FIBER COMPOSITES
TABLE 18 NATURAL FIBER COMPOSITES IN AUTOMOTIVE INDUSTRY, BY MANUFACTURERS
7.6 AUTOMOTIVE BASALT FIBER COMPOSITES
7.7 AUTOMOTIVE ARAMID FIBER COMPOSITES
7.8 AUTOMOTIVE HYBRID FIBER COMPOSITES
TABLE 19 OTHER AUTOMOTIVE COMPOSITES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 20 OTHER AUTOMOTIVE COMPOSITE MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
8 AUTOMOTIVE COMPOSITES MARKET, BY MANUFACTURING PROCESS (Page No. - 84)
8.1 INTRODUCTION
FIGURE 30 RESIN TRANSFER MOLDING PROCESS TO WITNESS HIGH CAGR DURING FORECAST PERIOD
TABLE 21 COMPARATIVE STUDY OF MAJOR AUTOMOTIVE COMPOSITES MANUFACTURING PROCESSES
TABLE 22 AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
TABLE 23 AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
8.2 COMPRESSION MOLDING PROCESS
TABLE 24 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 COMPRESSION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
8.3 INJECTION MOLDING PROCESS
TABLE 26 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 27 INJECTION MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
8.4 RESIN TRANSFER MOLDING PROCESS
FIGURE 31 ASIA PACIFIC TO DOMINATE MARKET RESIN TRANSFER MOLDING PROCESS
TABLE 28 RESIN TRANSFER MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 29 RESIN TRANSFER MOLDING PROCESS MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
8.5 OTHER PROCESSES
8.5.1 FILAMENT WINDING PROCESS
8.5.2 CONTINUOUS PROCESS
8.5.3 LAYUP PROCESS
TABLE 30 OTHER PROCESSES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 31 OTHER PROCESSES MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
9 AUTOMOTIVE COMPOSITES MARKET, BY VEHICLE TYPE (Page No. - 92)
9.1 INTRODUCTION
TABLE 32 AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 33 AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
FIGURE 32 ELECTRIC VEHICLE SEGMENT TO REGISTER HIGHER CAGR BETWEEN 2020 AND 2025
9.2 NON-ELECTRIC VEHICLES
TABLE 34 AUTOMOTIVE COMPOSITE MARKET SIZE IN NON-ELECTRIC VEHICLE, BY REGION, 2018–2025 (USD MILLION)
TABLE 35 AUTOMOTIVE COMPOSITE MARKET SIZE IN NON-ELECTRIC VEHICLE, BY REGION, 2018–2025 (KILOTON)
9.3 ELECTRIC VEHICLES (EV)
FIGURE 33 US PEV SALES BY MODEL (IN ORDER OF MARKET INTRODUCTION)
TABLE 36 AUTOMOTIVE COMPOSITE MARKET SIZE IN ELECTRIC VEHICLE, BY REGION, 2018–2025 (USD MILLION)
TABLE 37 AUTOMOTIVE COMPOSITE MARKET SIZE IN ELECTRIC VEHICLE, BY REGION, 2018–2025 (KILOTON)
10 AUTOMOTIVE COMPOSITES MARKET, BY APPLICATION (Page No. - 97)
10.1 INTRODUCTION
TABLE 38 AUTOMOTIVE COMPOSITES MARKET SIZE, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 39 AUTOMOTIVE COMPOSITE MARKET SIZE, BY APPLICATION, 2018–2025 (KILOTON)
FIGURE 34 CHASSIS APPLICATION EXPECTED TO WITNESS HIGHEST CAGR BETWEEN 2020 AND 2025
10.2 EXTERIOR
TABLE 40 AUTOMOTIVE COMPOSITE MARKET SIZE IN EXTERIOR APPLICATION, BY FIBER TYPE, 2018–2025 (USD MILLION)
TABLE 41 AUTOMOTIVE COMPOSITE MARKET SIZE IN EXTERIOR APPLICATION, BY FIBER TYPE, 2018–2025 (KILOTON)
10.3 INTERIOR
TABLE 42 AUTOMOTIVE COMPOSITE MARKET SIZE IN INTERIOR APPLICATION, BY FIBER TYPE 2018–2025 (USD MILLION)
TABLE 43 AUTOMOTIVE COMPOSITE MARKET SIZE IN INTERIOR APPLICATION, BY FIBER TYPE 2018–2025 (KILOTON)
10.4 POWERTRAIN
TABLE 44 AUTOMOTIVE COMPOSITE MARKET SIZE IN POWERTRAIN APPLICATION, BY FIBER TYPE 2018–2025 (USD MILLION)
TABLE 45 AUTOMOTIVE COMPOSITE MARKET SIZE IN POWERTRAIN APPLICATION, BY FIBER TYPE 2018–2025 (KILOTON)
10.5 CHASSIS
FIGURE 35 CARBON FIBER TO DOMINATE AUTOMOTIVE COMPOSITE MARKET IN CHASSIS APPLICATION
TABLE 46 AUTOMOTIVE COMPOSITE MARKET SIZE IN CHASSIS APPLICATION, BY FIBER TYPE, 2018–2025 (USD MILLION)
TABLE 47 AUTOMOTIVE COMPOSITE MARKET SIZE IN CHASSIS APPLICATION, BY FIBER TYPE 2018–2025 (KILOTON)
11 REGIONAL ANALYSIS (Page No. - 104)
11.1 INTRODUCTION
FIGURE 36 REGIONAL SNAPSHOT: EUROPE EXPECTED TO LEAD GLOBAL AUTOMOTIVE COMPOSITES MARKET
TABLE 48 AUTOMOTIVE COMPOSITE MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 49 AUTOMOTIVE COMPOSITE MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
11.2 NORTH AMERICA
FIGURE 37 NORTH AMERICA MARKET SNAPSHOT: US TO LEAD AUTOMOTIVE COMPOSITES MARKET
TABLE 50 NORTH AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
TABLE 51 NORTH AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
TABLE 52 NORTH AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
TABLE 53 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
TABLE 54 NORTH AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 55 NORTH AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
TABLE 56 NORTH AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
TABLE 57 NORTH AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
TABLE 58 NORTH AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 59 NORTH AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
11.2.1 US
TABLE 60 US: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 61 US: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.2.2 CANADA
TABLE 62 CANADA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 63 CANADA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.3 EUROPE
TABLE 64 COVID-19 IMPACT ON EUROPEAN AUTOMOTIVE INDUSTRY
FIGURE 38 EUROPE MARKET SNAPSHOT: GERMANY TO LEAD AUTOMOTIVE COMPOSITES MARKET
TABLE 65 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
TABLE 66 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
TABLE 67 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
TABLE 68 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
TABLE 69 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 70 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
TABLE 71 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
TABLE 72 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
TABLE 73 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 74 EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
11.3.1 GERMANY
TABLE 75 GERMANY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 76 GERMANY: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.3.2 FRANCE
TABLE 77 FRANCE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 78 FRANCE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.3.3 UK
TABLE 79 UK ENGINE PRODUCTION
TABLE 80 UK: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 81 UK: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.3.4 ITALY
TABLE 82 ITALY: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 83 ITALY: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.3.5 SPAIN
TABLE 84 SPAIN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 85 SPAIN: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.3.6 RUSSIA
TABLE 86 NEW CAR AND LCV SALES (UNITS) IN RUSSIA BY BRANDS FOR Q1 (JANUARY-MARCH) 2020/2019
TABLE 87 RUSSIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 88 RUSSIA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.3.7 BELGIUM
TABLE 89 BELGIUM: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 90 BELGIUM: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.3.8 REST OF EUROPE
TABLE 91 REST OF EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 92 REST OF EUROPE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.4 APAC
FIGURE 39 NUMBER OF AUTOMOBILES SOLD IN INDIA (IN MILLIONS)
FIGURE 40 APAC MARKET SNAPSHOT: CHINA TO LEAD AUTOMOTIVE COMPOSITES MARKET
TABLE 93 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
TABLE 94 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
TABLE 95 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
TABLE 96 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
TABLE 97 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 98 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
TABLE 99 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
TABLE 100 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
TABLE 101 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
TABLE 102 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
TABLE 103 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 104 APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
11.4.1 CHINA
TABLE 105 CHINA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 106 CHINA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.4.2 JAPAN
TABLE 107 JAPAN: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 108 JAPAN: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.4.3 INDIA
TABLE 109 INDIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 110 INDIA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.4.4 SOUTH KOREA
TABLE 111 SOUTH KOREA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 112 SOUTH KOREA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.4.5 AUSTRALIA
TABLE 113 AUSTRALIA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 114 AUSTRALIA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.4.6 REST OF APAC
TABLE 115 REST OF APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 116 REST OF APAC: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.5 LATIN AMERICA
TABLE 117 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
TABLE 118 LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
TABLE 119 LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
TABLE 120 LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
TABLE 121 LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 122 LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
TABLE 123 LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
TABLE 124 LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
TABLE 125 LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 126 LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
11.5.1 MEXICO
TABLE 127 MEXICO: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 128 MEXICO: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.5.2 BRAZIL
TABLE 129 BRAZIL: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 130 BRAZIL: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.5.3 REST OF LATIN AMERICA
TABLE 131 REST OF LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 132 REST OF LATIN AMERICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.6 MIDDLE EAST & AFRICA
TABLE 133 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
TABLE 134 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
TABLE 135 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
TABLE 136 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
TABLE 137 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 138 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
TABLE 139 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
TABLE 140 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
TABLE 141 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 142 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY COUNTRY, 2018–2025 (KILOTON)
11.6.1 SOUTH AFRICA
TABLE 143 SOUTH AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 144 SOUTH AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.6.2 UAE
TABLE 145 UAE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 146 UAE: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
11.6.3 REST OF MIDDLE EAST & AFRICA
TABLE 147 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
TABLE 148 REST OF MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITE MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
12 COMPETITIVE LANDSCAPE (Page No. - 148)
12.1 INTRODUCTION
FIGURE 41 NEW PRODUCT LAUNCH, EXPANSION, ACQUISITION, AND AGREEMENT ARE THE KEY GROWTH STRATEGIES ADOPTED BETWEEN 2015 AND 2020
12.2 MARKET SHARE ANALYSIS
FIGURE 42 TORAY INDUSTRIES INC. LED THE AUTOMOTIVE COMPOSITES MARKET IN 2019
12.3 MARKET EVALUATION FRAMEWORK
12.3.1 NEW PRODUCT/TECHNOLOGY LAUNCH/ DEVELOPMENT
TABLE 149 NEW PRODUCT/TECHNOLOGY LAUNCH/ DEVELOPMENT, 2015–2020
12.3.2 ACQUISITION
TABLE 150 ACQUISITION, 2015-2020
12.3.3 EXPANSION
TABLE 151 EXPANSION, 2015-2020
12.3.4 AGREEMENT/PARTNERSHIP
TABLE 152 AGREEMENT/PARTNERSHIP, 2015-2020
12.3.5 MERGER/JOINT VENTURE/CONTRACT
TABLE 153 MERGER/JOINT VENTURE/CONTRACT, 2015-2020
12.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS
TABLE 154 REVENUE OF TOP PLAYERS, 2019 (USD MILLION)
12.5 COMPANY EVALUATION MATRIX
12.5.1 STAR
12.5.2 PERVASIVE
12.5.3 PARTICIPANTS
12.5.4 EMERGING LEADERS
FIGURE 43 AUTOMOTIVE COMPOSITES MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2019
12.6 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 44 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 45 BUSINESS STRATEGY EXCELLENCE
13 COMPANY PROFILE (Page No. - 163)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 TORAY INDUSTRIES INC.
FIGURE 46 TORAY INDUSTRIES INC.: COMPANY SNAPSHOT
13.2 SGL CARBON SE
FIGURE 47 SGL CARBON: COMPANY SNAPSHOT
13.3 TEIJIN LIMITED
FIGURE 48 TEIJIN LIMITED: COMPANY SNAPSHOT
13.4 MITSUBISHI CHEMICAL HOLDING CORPORATION
FIGURE 49 MITSUBISHI CHEMICAL HOLDING CORPORATION: COMPANY SNAPSHOT
13.5 HEXCEL CORPORATION
FIGURE 50 HEXCEL CORPORATION: COMPANY SNAPSHOT
13.6 MAGNA INTERNATIONAL
FIGURE 51 MAGNA INTERNATIONAL: COMPANY SNAPSHOT
13.7 PLASAN CARBON COMPOSITES
13.8 SOLVAY S.A.
FIGURE 52 SOLVAY S.A.: COMPANY SNAPSHOT
13.9 GURIT
FIGURE 53 GURIT: COMPANY SNAPSHOT
13.10 UFP TECHNOLOGIES INC.
FIGURE 54 UFP TECHNOLOGIES INC.: COMPANY SNAPSHOT
13.11 HUNTSMAN INTERNATIONAL LLC.
FIGURE 55 HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT
13.12 HEXION
FIGURE 56 HEXION: COMPANY SNAPSHOT
13.13 NIPPON ELECTRIC GLASS CO., LTD.
FIGURE 57 NIPPON ELECTRIC GLASS CO., LTD.: COMPANY SNAPSHOT
13.14 CHONGQING POLYCOMP INTERNATIONAL CORPORATION
13.15 JUSHI GROUP CO., LTD.
13.16 OTHER KEY PLAYERS
13.16.1 OWENS CORNING
13.16.2 3B FIBERGLASS COMPANY
13.16.3 MUBEA CARBO TECH GMBH
13.16.4 TPI COMPOSITES
13.16.5 FORMAPLEX
13.16.6 CREATIVE COMPOSITES LTD.
13.16.7 GMS COMPOSITE
13.16.8 QUANTUM COMPOSITES
13.16.9 SABIC (SAUDI ARABIA BASIC INDUSTRIES CORPORATION)
13.16.10 EXEL COMPOSITES
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 212)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
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.
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.
Report Objectives
- 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 analyze and forecast the market based on by composition, type, and end use industry
- To analyze and project the market based on five regions, namely, Europe, North America, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
- To strategically analyze the micromarkets concerning 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 market leaders
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
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 APAC automotive composites market
- Further breakdown of Rest of Europe automotive composites market
- Further breakdown of Rest of RoW automotive composites market
Company Information
- Detailed analysis and profiling of additional market players (up to 10)
Growth opportunities and latent adjacency in Automotive Composites Market
Market information on composites with respect to different materials such as Polyethylene, Polypropylene, carbon fiber etc.
Focus on understanding composite market for automotive applications
Carbon composite market
Information on composite demand for parts and assemblies for commercial truck industry in the US and Canada
Composites for parts & assemblies of trucks and automotive in US and Canada.
I work with Plastics Engineers, composites. It would be very interesting to pass on to my students some market information to explain the importance of the products.
emerging Technology trend in composites material market
Looking for composite part data by each automotive manufacturer by country and region. Also, composite part consumption by major customers like MBW, Audi, Lamborgini, etc.
I am researching the total global addressable market for composite manufacturing equipment, and need to know how many composite manufacturing companies (not material/resin producer but intermediary/final product producer), across sectors (not just automotive), are there in the world, from the supplier of component part/products to OEM/end-user application and perhaps aftermarket.
General information on automotive composite Market
Composite for automotive industry in Europe