Automotive Composites Market, By Fiber (Carbon, Glass, and Natural), By Resin Type (Thermoplastics (PP, PA, HPP, and Others) and Thermoset (Epoxy, Polyurethane, Polyester, Vinyl Ester, and Phenolic)), By Applications (Body Components, Interior Components, Engine & Drive train Components, and Other Components), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI129019 | Publish Date: April 2024 | No. of Pages: 167

Global Automotive Composites Market By Overview

Prophecy Market Insights has recently published its insights on “Automotive Composites Market” for the forecast period of 2018-2029. The market is segmented into By Fiber (Carbon, Glass, and Natural), By Resin Type (Thermoplastics (PP, PA, HPP, and Others) and Thermoset (Epoxy, Polyurethane, Polyester, Vinyl Ester, and Phenolic)), By Applications (Body Components, Interior Components, Engine & Drive train Components, and Other Components), and By Region

Growing adoption of electrical and hybrid vehicles is major factor diving growth of the global market. In addition, increasing awareness about the environmentally friendly electric vehicles across the globe is another factor propelling growth of the target market. Furthermore, increasing use of electric and hybrid vehicles increases the demand for automotive composites for the reduction of added weight from batteries and hybrid engines. According to the data published by International Energy Agency (IEA), in 2018, over 1 million electric cars were sold in 2017, with more than half of global sales in China. The total number of electric cars on the road surpassed 3 million worldwide, an expansion of over 50% from 2016. Moreover, share of Battery Electric Vehicles BEVs in the overall electric car stock continued to grow at moderate rates, rising from 58% in 2013 to 62% in 2017 and Plug-in Hybrid Electric Vehicles (PHEVs) sales shares have increased in the same time frame in the European and Chinese Market.

North America to grow at the highest CAGR during the forecast period

The growth of automotive composite market in North America is mostly supported by the CAFE emission regulations and introduction of new car models with extensive usage of composites. For instance, according to registration data gathered by IHS for a California New Car Dealer Association report, all-electric vehicle sales have increased by over 80% in California in 2018. However, low fuel prices limit the financial advantages of weight saving and fuel efficiency, which in turns hampers the automotive composite market in North America. However, the uncertainty of tariff could hamper the auto industry in turn affect the increased research and development activities related to auto composite in Canada is also expected to propel the North America auto composite market over the forecast period.  For instance, Canada’s Auto21 Group consists of a national network of centres of excellence for automotive R&D that partners 200 researchers from 46 universities with private companies.  Some of these university partners include MacAUTO - the McMaster Institute the auto composite market over the forecast period.

Research Scope

The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.

In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.

Automotive composites market report segments the market on the basis of fiber, resin, application, and region.

The report expected to answer various target market related questions and offers insights on:

  • Definition, description, overview of market growth influencing factors, and forecast for the target market
  • Scope for related market in the forecast period
  • Analysis and outcome for the automotive composites market by segment and region followed by countries
  • Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
  • Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
  • Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
  • Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economic factors that may influence market growth
  • PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index

Competitive Analysis

Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the automotive composites market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the automotive composites market.

  • Binani Industries Limited
  • Cytec Industries Inc.
  • SGL Group
  • Toray Industries
  • Teijin Limited
  • DowDupont Inc.
  • Gurit Holdings
  • Johnson Controls Company

Prophecy Market Insights offers required customization on this report according to specific business requirements.

Global Automotive Composites Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Preview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Matrix Composites
      • Market Snippet, By Components
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  4. Market Segmentation, By Matrix Composites, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Polymer MC
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Ceramic MC
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Metal MC
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Market Segmentation, By Components, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Body Components
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Interior Components
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Engine & Drive train Components
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Other Components
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Matrix Composites, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Components, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Matrix Composites, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Components, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Matrix Composites, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Components, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Matrix Composites, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Components, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Matrix Composites, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Components, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  8. Company Profiles
    •  
      • Binani Industries Limited
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Cytec Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • SGL Group
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Toray Industries
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Teijin Limited
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • DowDupont, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Gurit Holdings
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Saertex Company
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
  9. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The Automotive Composites Market is segmented into Fiber, Resin Type, Applications and Region.

Lightweighting trend, demand for fuel efficiency, stringent emission standards, advancements in composite materials, and the focus on electric and hybrid vehicles.

High material costs, recycling challenges, limited production capabilities, and the need for specialized manufacturing processes.

North America, Europe, Asia-Pacific, Latin America. Europe is expected to dominate due to the emphasis on sustainability and stringent regulations. Asia-Pacific and North America are also significant markets.

The key players operating the target market includes Binani Industries Limited,Cytec Industries Inc.,SGL Group,Toray Industries,Teijin Limited,DowDupont Inc.,Gurit Holdings,Johnson Controls Company