Automotive Composites Market

Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle Type, and Region - Global Forecast to 2025

Report Code: CH 2907 Jan, 2021, by marketsandmarkets.com

[217 Pages Report] The global automotive composites market size is projected to grow from USD 5.4 billion in 2020 to USD 9.3 billion by 2025, at a CAGR of 11.5%. Increasing awareness of OEMs towards strict government regulations on emission control is an opportunity for the growth of the automotive composites market. However, owing to COVID-19, the sales of automobiles has declined, resulting in reduced demand for automotive composites.

Automotive Composites Market

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Impact of COVID-19 on global automotive composites market

Automotive composites market has seen a huge downturn during 2020 as an impact of COVID-19. Lockdowns imposed in various countries have impacted automobile manufacturers, which has played a major role in the decline of the automotive composites market. Shutdown of manufacturing plants, halt in production, and disturbance across the suppy chain have also affected the growth of the automotive composites market in 2020. However, it is expected that the market will start recovering from 2021 with an increase in demand for electric vehicles, particularly in the Asia Pacific region. The lockdown delayed projects, which also affected the growth of the automotive composites market in 2020, will revive giving the momentum for the growth of the market.

Automotive Composites Market

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Increase in demand of lightweight and fuel-efficient vehicles

The automotive industry is highly focusing on the stringent regulations such as the Corporate Average Fuel Efficiency (CAFE) standards and the European Emission Standards (EES); laid by the governments of U.S. and Europe respectively for the vehicle manufacturers. According to United States- Environmental Protection Agency (EPA), the transportation industry in U.S. accounts for 27% of greenhouse gas emission. The U.S. government has made it a critical concern for the automakers to follow an average miles per gallon standard for their vehicles and thus, the U.S. automakers are concerning more significantly on the production of lightweight vehicles to reduce the battery weight and thus enhancing the fuel efficiency of the vehicles. The stringent government rules, the lightweight property and the high safety associated with the composites has helped to drive the use of these materials in the automotive industry.

High processing and manufacturing cost of composites

In a competitive market, it is difficult to reach out with a new product with its market price higher than the existing ones. A similar market scenario persists for the automotive composites market, as automotive composites are very expensive as compared to other alternatives that are already available in the market. Due to the stringent emission rules and regulations, automotive composites have gained wide acceptance in regions, such as Europe and North America, but it is still struggling in various countries such as in the APAC and MEA regions, which is majorly due to high processing and manufacturing cost of composites. Also, the cost of raw materials such as carbon fibers and thermoplastic resins are high, and thus even after its several advantageous properties over traditional materials such as steel and aluminum, its use gets limited in the automotive industry. The high economical investment associated with the production of composites is majorly restricting the growth of composites in automotive industry.

Increasing awareness of OEMS towards strict government regulations

Vehicles are considered as one of the prime contributors for air pollution, and thus, there arises an alarming need to reduce vehicular emissions on a priority basis. The governments across the globe has thus, laid strict standards to be followed by the OEMs against CO2 emission control from the vehicles manufactured by them. These government norms if not met by the OEMs may lead to penalty payments for excess emission. The OEMs are thus, focusing highly on enhancing the fuel efficiency of its vehicles by manufacturing lightweight cars with enhanced battery mileage.  The OEMs have considered composite materials as the best substitute for traditional heavyweight materials such as steel and aluminum in order to manufacture lightweight, fuel-efficient, and strong impact resistant cars, which serves as a lucrative opportunity for the automotive composites market.

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

Glass fiber accounts for the largest share of the overall market. Glass fiber reinforced composites, commonly abbreviated as GFRP is composed of huge number of tiny glass fibers which are compiled together and held rigidly in place by plastic polymer resin. It is used as a reinforcing element in the composites. Owing to its superior attributes such as strength, durability, flexibility, stability, lightweight, and resistance to heat, temperature, and moisture, glass fiber is a choice of material for automotive composite manufacturers.

Exterior application accounted for the largest share in terms of value and volume

The exterior application of automotive composites accounted for 55%, in terms of value and 50% in terms of volume, of the overall market in 2019. Exterior application contributes major share in the automotive composites market since major components of a car body such as bumper beam, fender, front end module, door panels, and hood, among othes are made of composite materials. Furthermore, the use of composites in the exterior parts such as fenders, hoods, bumper beam, deck lid, and others added to the durability of cars, ensuring long lifecycle and lowering maintenance cost.

Europe held the largest market share in the automotive composites market

Europe dominated the global automotive composites market in 2019 and is projected to register a CAGR of 11.8% between 2020 and 2025. . Europe’s automotive industry is one of the major industries operating in the region and is comparatively higher than any other region.  The European Union is amongst the world’s biggest producers of motor vehicles and the sector represents the largest private investor in research & development with approximately investing Euro 57.4 billion annually. The turnover generated of European Union’s auto industry represents 7% of the overall GDP.

Stringent regulations imposed by government of Europe such as the European Automotive Manufacturers Association (ACEA) and the European Union Automotive Fuel Economy standard have set limits for carbon emission which has put pressure on automakers. For instance, the European Union Commission (EC) has enforced to increase the EU’s GHG reduction target for 2030- from 40% cut in CO2 emission to cut of 50 or 55%. Therefore, increasing fuel efficiency requirement along with lightweight nature of vehicle has enforced the use of automotive composites in the automotive applications driving the demand for product in the region.

Automotive Composites Market by Region

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)
  • 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. 

Scope of the Report

Report Metric

Details

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

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 July 2019, Teijin signed a joint agreement with an Australian venture AEV Robotics for co-development of lightweight automotive components and solutions for next generation transportation which will redefine forms of aging transportation.
  • 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.

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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 COMPOSITES 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 COMPOSITES MARKET SIZE, BY REGION, 2018–2025 (KILOTON)
                 TABLE 6 THERMOSET AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE,  2018–2025 (USD MILLION)
                 TABLE 7 THERMOSET AUTOMOTIVE COMPOSITES 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 COMPOSITES MARKET SIZE, BY REGION,  2018–2025 (KILOTON)
                            TABLE 10 THERMOPLASTIC AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN TYPE,  2018–2025 (USD MILLION)
                            TABLE 11 THERMOPLASTIC AUTOMOTIVE COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES MARKET SIZE IN NON-ELECTRIC VEHICLE, BY REGION,  2018–2025 (USD MILLION)
        TABLE 35 AUTOMOTIVE COMPOSITES 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 COMPOSITES MARKET SIZE IN ELECTRIC VEHICLE, BY REGION,  2018–2025 (USD MILLION)
        TABLE 37 AUTOMOTIVE COMPOSITES 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 COMPOSITES 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 COMPOSITES MARKET SIZE IN EXTERIOR APPLICATION, BY FIBER TYPE, 2018–2025 (USD MILLION)
          TABLE 41 AUTOMOTIVE COMPOSITES MARKET SIZE IN EXTERIOR APPLICATION, BY FIBER TYPE, 2018–2025 (KILOTON)
     10.3 INTERIOR
          TABLE 42 AUTOMOTIVE COMPOSITES MARKET SIZE IN INTERIOR APPLICATION, BY FIBER TYPE 2018–2025 (USD MILLION)
          TABLE 43 AUTOMOTIVE COMPOSITES MARKET SIZE IN INTERIOR APPLICATION, BY FIBER TYPE 2018–2025 (KILOTON)
     10.4 POWERTRAIN
          TABLE 44 AUTOMOTIVE COMPOSITES MARKET SIZE IN POWERTRAIN APPLICATION,  BY FIBER TYPE 2018–2025 (USD MILLION)
          TABLE 45 AUTOMOTIVE COMPOSITES 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 COMPOSITES MARKET SIZE IN CHASSIS APPLICATION,  BY FIBER TYPE, 2018–2025 (USD MILLION)
          TABLE 47 AUTOMOTIVE COMPOSITES 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 COMPOSITES MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
          TABLE 49 AUTOMOTIVE COMPOSITES 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 COMPOSITES MARKET SIZE, BY RESIN,  2018–2025 (USD MILLION)
          TABLE 51 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN,  2018–2025 (KILOTON)
          TABLE 52 NORTH AMERICA: AUTOMOTIVE COMPOSITES 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 COMPOSITES MARKET SIZE, BY VEHICLE TYPE,  2018–2025 (USD MILLION)
          TABLE 55 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE,  2018–2025 (KILOTON)
          TABLE 56 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE,  2018–2025 (USD MILLION)
          TABLE 57 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE,  2018–2025 (KILOTON)
          TABLE 58 NORTH AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
          TABLE 59 NORTH AMERICA: AUTOMOTIVE COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 66 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
          TABLE 67 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 68 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
          TABLE 69 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE,  2018–2025 (USD MILLION)
          TABLE 70 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE,  2018–2025 (KILOTON)
          TABLE 71 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
          TABLE 72 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
          TABLE 73 EUROPE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 74 EUROPE: AUTOMOTIVE COMPOSITES 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 COMPOSITES MARKET SIZE, BY VEHICLE TYPE,  2018–2025 (KILOTON)
             11.3.2 FRANCE
                    TABLE 77 FRANCE: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
                    TABLE 78 FRANCE: AUTOMOTIVE COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES MARKET SIZE, BY RESIN, 2018–2025 (USD MILLION)
          TABLE 94 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
          TABLE 95 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 96 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS,  2018–2025 (KILOTON)
          TABLE 97 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
          TABLE 98 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
          TABLE 99 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
          TABLE 100 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
          TABLE 101 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
          TABLE 102 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2025 (KILOTON)
          TABLE 103 APAC: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 104 APAC: AUTOMOTIVE COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES MARKET SIZE, BY RESIN, 2018–2025 (KILOTON)
          TABLE 119 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE,  BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 120 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE,  BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
          TABLE 121 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE,  2018–2025 (USD MILLION)
          TABLE 122 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE,  2018–2025 (KILOTON)
          TABLE 123 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE,  2018–2025 (USD MILLION)
          TABLE 124 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE,  2018–2025 (KILOTON)
          TABLE 125 LATIN AMERICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
          TABLE 126 LATIN AMERICA: AUTOMOTIVE COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES MARKET SIZE, BY RESIN,  2018–2025 (KILOTON)
          TABLE 135 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (USD MILLION)
          TABLE 136 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY MANUFACTURING PROCESS, 2018–2025 (KILOTON)
          TABLE 137 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (USD MILLION)
          TABLE 138 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY VEHICLE TYPE, 2018–2025 (KILOTON)
          TABLE 139 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE, 2018–2025 (USD MILLION)
          TABLE 140 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY FIBER TYPE,  2018–2025 (KILOTON)
          TABLE 141 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES MARKET SIZE, BY COUNTRY,  2018–2025 (USD MILLION)
          TABLE 142 MIDDLE EAST & AFRICA: AUTOMOTIVE COMPOSITES 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 COMPOSITES 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 COMPOSITES 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 COMPOSITES 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.

Automotive Composites Market Size, and Share

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)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Automotive Composites Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Automotive Composites Market

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