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Automotive Composites Market

Automotive Composites - Global Market Outlook (2019-2027)

4.9 (81 reviews)
Published: March 2021 ID: SMRC20340
4.9 (81 reviews)
Published: March 2021 ID: SMRC20340

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Automotive Composites market is accounted for $4.84 billion in 2019 and is expected to reach $14.31 billion by 2027 growing at a CAGR of 14.5% during the forecast period. Increase in demand for lightweight and fuel-efficient vehicles, increase in demand for environmentally friendly electric vehicles and increasing use of cost-efficient and eco-friendly natural fibers in automotive applications are the major factors driving the growth of the market. However, high processing and manufacturing cost of composites is restraining the market growth.

Automotive composites are lightweight materials that are majorly used in trucks, cars, and other vehicles, primarily under the hood and the interiors. Composites are preferred materials for the weight reduction in automobiles, and hence composites are used for many automotive interior and exterior applications.

Based on the fiber type, the glass segment is anticipated to expand at a rapid pace during the forecast period due to its superior attributes such as strength, durability, flexibility, lightweight, and resistance to heat, temperature, and moisture, which makes it a choice of material for automotive composite manufacturers. By geography, Europe is expected grow at a faster rate during the forecast period as the automotive industry in the region is one of the major industries 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.

Some of the key players profiled in the Automotive Composites Market include BASF, Advanced Composites Group, DOW Inc., Gurit, Hexcel, Huntsman, Mitsubishi Chemical Corporation, Scott Bader, SGl group, Solvey Group, Teijin Limited, Toray and UFP Technologies.

Fiber Types Covered:
• Aramid
• Basalt
• Carbon
• Glass
• Hybrid
• Natural

Vehicle Types Covered:
• Non-Electric
• Electric

Resin Types Covered:
• Thermoset
• Thermoplastic

Manufacturing Processes Covered:
• Compression Molding
• Injection Molding
• Resin Transfer Molding (RTM)
• Other Manufacturing Processes

Products Covered:
• Ceramic Matrix
• Metal Matrix
• Polymer Matrix

Applications Covered:
• Chassis
• Engine Component
• Exterior
• Interior
• Powertrain Component
• Structural Assembly
• Underbody

End Users Covered:
• Passenger Cars
• Light Commerical Vehicles (LCVs)
• Heavy Commercial Vehicle (HCVs)
• Agricultural

Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
       
2 Preface   
   
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach    
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Product Analysis    
 3.7 Application Analysis   
 3.8 End User Analysis    
 3.9 Emerging Markets    
 3.10 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Automotive Composites Market, By Fiber Type 
 5.1 Introduction    
 5.2 Aramid     
 5.3 Basalt     
 5.4 Carbon     
 5.5 Glass     
 5.6 Hybrid     
 5.7 Natural     
       
6 Global Automotive Composites Market, By Vehicle Type 
 6.1 Introduction    
 6.2 Non-Electric    
 6.3 Electric     
       
7 Global Automotive Composites Market, By Resin Type 
 7.1 Introduction    
 7.2 Thermoset    
  7.2.1 Epoxy Resin   
  7.2.2 Polyester Resin   
  7.2.3 Vinyl Ester Resin   
 7.3 Thermoplastic    
  7.3.1 Polyamide (PA)   
  7.3.2 Polyphenylene Sulfide (PPS)  
  7.3.3 Polypropylene (PP)   
  7.3.4 Other Thermoplastics  
   7.3.4.1 Polyetheretherketone (PEEK) 
   7.3.4.2 Polyetherimide (PEI) 
       
8 Global Automotive Composites Market, By Manufacturing Process
 8.1 Introduction    
 8.2 Compression Molding   
 8.3 Injection Molding    
 8.4 Resin Transfer Molding (RTM)   
 8.5 Other Manufacturing Processes  
  8.5.1 Filament Winding Process  
  8.5.2 Continuous Process   
  8.5.3 Manual/Layup Process  
       
9 Global Automotive Composites Market, By Product  
 9.1 Introduction    
 9.2 Ceramic Matrix    
 9.3 Metal Matrix    
 9.4 Polymer Matrix    
       
10 Global Automotive Composites Market, By Application 
 10.1 Introduction    
 10.2 Chassis     
 10.3 Engine Component    
 10.4 Exterior     
 10.5 Interior     
 10.6 Powertrain Component   
 10.7 Structural Assembly    
 10.8 Underbody    
       
11 Global Automotive Composites Market, By End User 
 11.1 Introduction    
 11.2 Passenger Cars    
  11.2.1 Compact    
  11.2.2 Mid-Size    
  11.2.3 Luxury    
  11.2.4 Sport Utility Vehicles (SUVs)  
 11.3 Light Commerical Vehicles (LCVs)  
 11.4 Heavy Commercial Vehicle (HCVs)  
  11.4.1 Straight Trucks   
  11.4.2 Dump Trucks/Garbage Trucks  
  11.4.3 Semi-trailers   
  11.4.4 Fire Trucks   
 11.5 Agricultural    
  11.5.1 Tractors    
  11.5.2 Tillers    
  11.5.3 Rotavators   
  11.5.4 Harvesters   
  11.5.5 Threshers   
       
12 Global Automotive Composites Market, By Geography 
 12.1 Introduction    
 12.2 North America    
  12.2.1 US    
  12.2.2 Canada    
  12.2.3 Mexico    
 12.3 Europe     
  12.3.1 Germany    
  12.3.2 UK    
  12.3.3 Italy    
  12.3.4 France    
  12.3.5 Spain    
  12.3.6 Rest of Europe   
 12.4 Asia Pacific    
  12.4.1 Japan    
  12.4.2 China    
  12.4.3 India    
  12.4.4 Australia    
  12.4.5 New Zealand   
  12.4.6 South Korea   
  12.4.7 Rest of Asia Pacific   
 12.5 South America    
  12.5.1 Argentina   
  12.5.2 Brazil    
  12.5.3 Chile    
  12.5.4 Rest of South America  
 12.6 Middle East & Africa   
  12.6.1 Saudi Arabia   
  12.6.2 UAE    
  12.6.3 Qatar    
  12.6.4 South Africa   
  12.6.5 Rest of Middle East & Africa  
       
13 Key Developments     
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
 13.2 Acquisitions & Mergers   
 13.3 New Product Launch   
 13.4 Expansions    
 13.5 Other Key Strategies   
       
14 Company Profiling     
 14.1 BASF     
 14.2 Advanced Composites Group   
 14.3 DOW Inc.     
 14.4 Gurit     
 14.5 Hexcel      
 14.6 Huntsman    
 14.7 Mitsubishi Chemical Corporation  
 14.8 Scott Bader    
 14.9 SGl group     
 14.10 Solvey Group    
 14.11 Teijin Limited    
 14.12 Toray     
 14.13 UFP Technologies    


List of Tables      
1 Global Automotive Composites Market Outlook, By Region (2018-2027) (US $MN)
2 Global Automotive Composites Market Outlook, By Fiber Type (2018-2027) (US $MN)
3 Global Automotive Composites Market Outlook, By Aramid (2018-2027) (US $MN)
4 Global Automotive Composites Market Outlook, By Basalt (2018-2027) (US $MN)
5 Global Automotive Composites Market Outlook, By Carbon (2018-2027) (US $MN)
6 Global Automotive Composites Market Outlook, By Glass (2018-2027) (US $MN)
7 Global Automotive Composites Market Outlook, By Hybrid (2018-2027) (US $MN)
8 Global Automotive Composites Market Outlook, By Natural (2018-2027) (US $MN)
9 Global Automotive Composites Market Outlook, By Vehicle Type (2018-2027) (US $MN)
10 Global Automotive Composites Market Outlook, By Non-Electric (2018-2027) (US $MN)
11 Global Automotive Composites Market Outlook, By Electric (2018-2027) (US $MN)
12 Global Automotive Composites Market Outlook, By Resin Type (2018-2027) (US $MN)
13 Global Automotive Composites Market Outlook, By Thermoset (2018-2027) (US $MN)
14 Global Automotive Composites Market Outlook, By Epoxy Resin (2018-2027) (US $MN)
15 Global Automotive Composites Market Outlook, By Polyester Resin (2018-2027) (US $MN)
16 Global Automotive Composites Market Outlook, By Vinyl Ester Resin (2018-2027) (US $MN)
17 Global Automotive Composites Market Outlook, By Thermoplastic (2018-2027) (US $MN)
18 Global Automotive Composites Market Outlook, By Polyamide (PA) (2018-2027) (US $MN)
19 Global Automotive Composites Market Outlook, By Polyphenylene Sulfide (PPS) (2018-2027) (US $MN)
20 Global Automotive Composites Market Outlook, By Polypropylene (PP) (2018-2027) (US $MN)
21 Global Automotive Composites Market Outlook, By Other Thermoplastics (2018-2027) (US $MN)
22 Global Automotive Composites Market Outlook, By Manufacturing Process (2018-2027) (US $MN)
23 Global Automotive Composites Market Outlook, By Compression Molding (2018-2027) (US $MN)
24 Global Automotive Composites Market Outlook, By Injection Molding (2018-2027) (US $MN)
25 Global Automotive Composites Market Outlook, By Resin Transfer Molding (RTM) (2018-2027) (US $MN)
26 Global Automotive Composites Market Outlook, By Other Manufacturing Processes (2018-2027) (US $MN)
27 Global Automotive Composites Market Outlook, By Filament Winding Process (2018-2027) (US $MN)
28 Global Automotive Composites Market Outlook, By Continuous Process (2018-2027) (US $MN)
29 Global Automotive Composites Market Outlook, By Manual/Layup Process (2018-2027) (US $MN)
30 Global Automotive Composites Market Outlook, By Product (2018-2027) (US $MN)
31 Global Automotive Composites Market Outlook, By Ceramic Matrix (2018-2027) (US $MN)
32 Global Automotive Composites Market Outlook, By Metal Matrix (2018-2027) (US $MN)
33 Global Automotive Composites Market Outlook, By Polymer Matrix (2018-2027) (US $MN)
34 Global Automotive Composites Market Outlook, By Application (2018-2027) (US $MN)
35 Global Automotive Composites Market Outlook, By Chassis (2018-2027) (US $MN)
36 Global Automotive Composites Market Outlook, By Engine Component (2018-2027) (US $MN)
37 Global Automotive Composites Market Outlook, By Exterior (2018-2027) (US $MN)
38 Global Automotive Composites Market Outlook, By Interior (2018-2027) (US $MN)
39 Global Automotive Composites Market Outlook, By Powertrain Component (2018-2027) (US $MN)
40 Global Automotive Composites Market Outlook, By Structural Assembly (2018-2027) (US $MN)
41 Global Automotive Composites Market Outlook, By Underbody (2018-2027) (US $MN)
42 Global Automotive Composites Market Outlook, By End User (2018-2027) (US $MN)
43 Global Automotive Composites Market Outlook, By Passenger Cars (2018-2027) (US $MN)
44 Global Automotive Composites Market Outlook, By Compact (2018-2027) (US $MN)
45 Global Automotive Composites Market Outlook, By Mid-Size (2018-2027) (US $MN)
46 Global Automotive Composites Market Outlook, By Luxury (2018-2027) (US $MN)
47 Global Automotive Composites Market Outlook, By Sport Utility Vehicles (SUVs) (2018-2027) (US $MN)
48 Global Automotive Composites Market Outlook, By Light Commerical Vehicles (LCVs) (2018-2027) (US $MN)
49 Global Automotive Composites Market Outlook, By Heavy Commercial Vehicle (HCVs) (2018-2027) (US $MN)
50 Global Automotive Composites Market Outlook, By Straight Trucks (2018-2027) (US $MN)
51 Global Automotive Composites Market Outlook, By Dump Trucks/Garbage Trucks (2018-2027) (US $MN)
52 Global Automotive Composites Market Outlook, By Semi-trailers (2018-2027) (US $MN)
53 Global Automotive Composites Market Outlook, By Fire Trucks (2018-2027) (US $MN)
54 Global Automotive Composites Market Outlook, By Agricultural (2018-2027) (US $MN)
55 Global Automotive Composites Market Outlook, By Tractors (2018-2027) (US $MN)
56 Global Automotive Composites Market Outlook, By Tillers (2018-2027) (US $MN)
57 Global Automotive Composites Market Outlook, By Rotavators (2018-2027) (US $MN)
58 Global Automotive Composites Market Outlook, By Harvesters (2018-2027) (US $MN)
59 Global Automotive Composites Market Outlook, By Threshers (2018-2027) (US $MN)
       
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.

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