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Automotive Composites Market Report Scope & Overview:

The  Automotive Composites Market Size was valued at USD 7.1Billion in 2023. It is estimated  to reach USD 19.6 Billion by 2031 and grow at CAGR 11.9% over the Forecast period 2024-2031.

The Automotive industry is tackling critical challenges that impact drivers and the environment. One major hurdle is shedding car weight to improve fuel efficiency.  Road vehicles, known for their high fuel consumption, are estimated to contribute over 25% of all greenhouse gas emissions. A car's weight significantly impacts its fuel usage. Growing consumer awareness of alternative car materials and a rising focus on energy security are expected to fuel the global market for automotive composites.

Automotive Composites Market Revenue Analysis

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Market Dynamics

Drivers

  • Growing popularity of electric vehicles (EVs) in Automotive Industry

  • Consumers are increasingly environmentally conscious seek Sustainabal solution.

The surging popularity of electric vehicles (EVs) presents a significant opportunity for the automotive composites market. EVs require lightweight materials to maximize battery range and efficiency.  Composite materials excel in this area, making them a natural fit for the booming EV market. Lighter vehicles require less energy to move. Composite materials not only contribute to a lighter overall weight but also offer superior stiffness compared to some plastics. This stiffness minimizes energy lost due to chassis flex during operation, further improving battery efficiency.

Restraint:

  • Composite materials can be expensive,challenging for manufactures

  • Limited Repairing composite components in Automotive composite market.

The high cost of automotive composites compared to traditional steel presents a significant barrier to wider adoption in the market. Techniques like layup, molding, and curing require specialized equipment and skilled labor, adding to the overall production cost. These processes can also be time-consuming, impacting production speed and potentially leading to higher per-unit costs.

Opportunities 

  • New Technological Advancement and Innovation in Materials and Processes

  • Government Incentives for the  production of fuel-efficient and environmentally friendly vehicles

The Continuous advancements in material science and manufacturing processes hold the key to overcoming the cost and scalability challenges that currently hinder the wider adoption of automotive composites in the auto industry. New resin systems are being developed that offer not only superior bonding properties but also possess additional functionalities. 3D printing offers exciting possibilities for creating complex composite structures with minimal waste. Such a result could be a lighter, more efficient, and potentially more sustainable future for the automotive industry.

Challenges

  • Reduced investments by automakers in composite industry

  • Fluctuating Oil Prices impacting demand for automotive composites.

Fluctuating oil prices create uncertainty for the automotive composites market. While high prices might incentivize lightweight, low prices could have the opposite effect. This uncertainty can make it difficult for automakers to plan long-term strategies and invest heavily in composite technologies. Increased oil prices can make fuel efficiency a top priority for both consumers and automakers and can reduce buyers quantity.

Impact of Russia-Ukraine War:

The impact of Russia-Ukraine conflict has affected the global economy, and the automotive composites market is not immune. Both Russia and Ukraine are significant players in the global supply chain for raw materials used in automotive composites, such as resins, fibers, and fillers. The war has disrupted the flow of these materials, leading to shortages and price hikes. This can hinder production and increase the cost of composite components for automakers.

 Impact of Economic Downturn:

 During economic downturns, consumer spending typically declines. This can lead to a decrease in demand for new vehicles, including those utilizing automotive composites for weight reduction. With tighter budgets, consumers might prioritize affordability over fuel efficiency or environmental benefits. This cause oil prices to become volatile. While lower oil prices might initially seem positive for fuel efficiency, they can also create uncertainty for the market. Automakers might hesitate to invest heavily in lightweighting technologies if they anticipate a future price increase for traditional fuels.

Market segmentation

By Fiber Type:

  • Glass Fiber

  • Carbon Fiber

  • Others

 The Glass fiber sub-segment currently holds the dominant position in the Automotive composite market and cover allover 55% of market share in 2023. This dominance is fueled by the growing demand for affordable, lightweight vehicles.In a bid to shed weight and improve fuel efficiency, car manufacturers are increasingly replacing metal parts with glass fiber composites.  A popular choice is Glass-Fiber-Reinforced Plastic (GFRP). This material is finding its way into a variety of car components,  including body panels, doors, roofs, frame sections, and even seating systems.

By Resin Type:

  • Thermoset

  • Thermoplastic

By Manufacturing process:

  • Compression Molding

  • Injection Molding

  • Resin Transfer Molding (RTM)

  • Others

The Compression Molding sub-segment leads  the automotive composites market in 2023. This technique utilizes high pressure to shape composite materials into desired parts. The success of compression molding hinges on precise control. Both the force and heat applied during the process require careful monitoring to ensure the final product matches the intended shape.

By Application

  • Exterior

  • Interior

  • Powertrain

  • Chassis

The Exterior, sub-segment  parts of cars are the current dominates of the automotive composites market, claiming nearly 60% of global revenue in 2023. this is due to automotive composites boast high impact resistance, tensile strength, and resistance to chemicals and abrasion. These qualities are essential for exterior components according to strict automotive manufacturing standards. They ensure your car's exterior can handle bumps, scrapes, and the elements without succumbing to wear and tear.

By Manufacturing Process:

  • Non-electric

  • Electric

Regional Analysis

  •  North America

  •  Europe

  •  Asia pacific

  • Middle East & Africa

  • Latin America

The Asia Pacific region has emerged as the undisputed leader in the automotive composites market, holding over 75.8% share of global revenue in 2023. This region is a magnet for major automobile manufacturers, particularly in countries like China, India, and Japan.  This concentration of carmakers creates a strong demand for automotive composites used in various vehicle components. This makes it an attractive location for manufacturers looking to optimize their spending while still producing high-quality composite components.

Automotive Composites Market By Region

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REGIONAL COVERAGE:

 

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

The major key players listed in the Automotive Composites Market are SGL Carbon (Germany), Teijin Limited (Japan), UFP Technologies Ltd, (US), Hexcel Corporation (US),Hexion (US), Toray Industries Inc. (Japan), Solvay SA (Belgium), Gurit (Switzerland) and Huntsman Corporation, Mitsubishi Chemical Holding Corporation (Japan), and other players.

SGL Carbon (Germany)-Company Financial Analysis

Company Landscape Analysis

Recent Trends in the Automotive Composites Market :

The automotive industry is shifting towards strict government regulations on carbon emissions. The U.S. government handles climate change by tightening regulations and promoting lighter vehicles, a major step as transportation creates over 29% of greenhouse gas emissions. The introduction of Lighter vehicles which require less energy to move, translates to better gas mileage for traditional cars and an extended battery range for electric vehicles. By embracing lightweight materials, automakers can meet increasingly stringent emissions regulations and contribute to a cleaner environment.

Recent Developments

  • In February 2022, Teijin Automotive Technologies ramped up its production capabilities in China. This included starting commercial operations at a new facility in the Wujin National Hi-Tech Industrial Zone and announcing the construction of a third plant in Shenyang.

  • In December 2023, The Solvay's company announced its separation into industry leaders: SOLVAY and SYENSQO. The new names will take effect upon the completion of the separation.

Automotive Composites Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 7.1 Billion
Market Size by 2031 US$ 19.6 Billion
CAGR CAGR of 11.9% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • 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)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles SGL Carbon (Germany), Teijin Limited (Japan), UFP Technologies Ltd, (US), Hexcel Corporation (US),Hexion (US), Toray Industries Inc. (Japan), Solvay SA (Belgium), Gurit (Switzerland) and Huntsman Corporation, Mitsubishi Chemical Holding Corporation (Japan)
DRIVERS • Growing popularity of electric vehicles (EVs) in Automotive Industry
• Consumers are increasingly environmentally conscious seek Sustainabal solution.
Restraints • Composite materials can be expensive,challenging for manufactures
• Limited Repairing composite components in Automotive composite market.

Frequently Asked Questions

Ans. The Compound Annual Growth rate for the Automotive Composites Market over the forecast period is 11.9%.

Ans. The projected market size for the  Automotive Composites Market  is USD  19.6 Billion by 2031. 

Ans: The automotive industry is focusing on lightweighting cars to improve fuel efficiency and reduce greenhouse gas emissions, leading to better gas mileage and a cleaner environment.

Ans: Several prominent players are shaping the landscape of the automotive composites market. These companies include global giants like Toray Industries (Japan), SGL Carbon (Germany), and Teijin Limited (Japan), alongside established names in the U.S. market such as Hexcel Corporation and UFP Technologies.

Ans: Fluctuating oil prices create a challenge for the automotive composites market. High oil prices make fuel efficiency a priority, which could boost demand for lightweight composite materials.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine War
5.2 Impact of Economic Slowdown

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8.  Pest Analysis

9. Average Selling Price
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East & Africa

10. Automotive Composites Market, By Fiber Type
10.1 Introduction
10.2 Trend Analysis
10.3 Glass
10.4 Carbon
10.5 Other

11. Automotive Composites Market, By Resin Type
11.1 Introduction
11.2 Trend Analysis
11.3 Thermoset
11.4 Thermoplastic

12. Automotive Composites Market, By Vehicle Type
12.1 Introduction
12.2 Trend Analysis
12.3 Dry
12.4 Liquid

13. Automotive Composites Market, By Manufacturing Process
13.1 Introduction
13.2 Trend Analysis
13.3 Compression Molding
13.4 Injection Molding
13.5 Resin Transfer Molding (RTM)
13.6 Others

14. Automotive Composites Market, By Application
14.1 Introduction
14.2 Trend Analysis
14.3 Nutritional products
14.3.1 Dietary Supplements
14.3.2 Sports Nutrition
14.4 Food & Beverages
14.4.1 Dairy Products
14.4.2 Confectionery Products
14.4.3 Snacks, Soups, And Sauces
14.4.4 Beverages
14.4.5 Meat & Poultry Products
14.4.6 Pet Food
14.4.7 Other Food & Beverages
14.5 Cosmetics & Personal Care Products
14.5.1 Beauty Supplements (Nutricosmetics)
14.5.2 Topical Cosmetic Products
14.6 Pharmaceutical
14.7 Others

15. Regional Analysis
15.1 Introduction
15.2 North America
15.2.1 Trend Analysis
15.2.2 North America Automotive Composites Market By Country
15.2.3 North America Automotive Composites Market By Fiber Type
15.2.4 North America Automotive Composites Market By Resin Type
15.2.5 North America Automotive Composites Market By vehicle Type
15.2.6 North America Automotive Composites Market, By Manufacturing Process
15.2.7 North America Automotive Composites Market, By Application
15.2.8 USA
15.2.8.1 USA Automotive Composites Market By Fiber Type
15.2.8.2 USA Automotive Composites Market By Resin Type
15.2.8.3 USA Automotive Composites Market By Vehicle Type
15.2.8.4 USA Automotive Composites Market, By Manufacturing Process
15.2.8.5 USA Automotive Composites Market, By Application
15.2.9 Canada
15.2.9.1 Canada Automotive Composites Market By Fiber Type
15.2.9.2 Canada Automotive Composites Market By Resin Type
15.2.9.3 Canada Automotive Composites Market by Vehicle Type
15.2.9.4 Canada Automotive Composites Market, By Manufacturing Process
15.2.9.5 Canada Automotive Composites Market, By Application
15.2.10 Mexico
15.2.10.1 Mexico Automotive Composites Market By Fiber Type
15.2.10.2 Mexico Automotive Composites Market By Resin Type
15.2.10.3 Mexico Automotive Composites Market By Vehicle Type
15.2.10.4 Mexico Automotive Composites Market, By Manufacturing Process
15.2.10.5 Mexico Automotive Composites Market, By Application
15.3 Europe
15.3.1 Trend Analysis
15.3.2 Eastern Europe
15.3.2.1 Eastern Europe Automotive Composites Market By Country
15.3.2.2 Eastern Europe Automotive Composites Market By Fiber Type
15.3.2.3 Eastern Europe Automotive Composites Market By Resin Type
15.3.2.4 Eastern Europe Automotive Composites Market By Vehicle Type
15.3.2.5 Eastern Europe Automotive Composites Market By Manufacturing Process
15.3.2.6 Eastern Europe Automotive Composites Market, By Application
15.3.2.7 Poland
15.3.2.7.1 Poland Automotive Composites Market By Fiber Type
15.3.2.7.2 Poland Automotive Composites Market By Resin Type
15.3.2.7.3 Poland Automotive Composites Market By Vehicle Type
15.3.2.7.4 Poland Automotive Composites Market By Manufacturing Process
15.3.2.7.5 Poland Automotive Composites Market, By Application
15.3.2.8 Romania
15.3.2.8.1 Romania Automotive Composites Market By Fiber Type
15.3.2.8.2 Romania Automotive Composites Market By Resin Type
15.3.2.8.3 Romania Automotive Composites Market By Vehicle Type
15.3.2.8.4 Romania Automotive Composites Market By Manufacturing Process
15.3.2.8.5 Romania Automotive Composites Market, By Application
15.3.2.9 Hungary
15.3.2.9.1 Hungary Automotive Composites Market By Fiber Type
15.3.2.9.2 Hungary Automotive Composites Market By Resin Type
15.3.2.9.3 Hungary Automotive Composites Market By Vehicle Type
15.3.2.9.4 Hungary Automotive Composites Market By Manufacturing Process
15.3.2.9.5 Hungary Automotive Composites Market, By Application
15.3.2.10 Turkey
15.3.2.10.1 Turkey Automotive Composites Market By Fiber Type
15.3.2.10.2 Turkey Automotive Composites Market By Resin Type
15.3.2.10.3 Turkey Automotive Composites Market By Vehicle Type
15.3.2.10.4 Turkey Automotive Composites Market By Manufacturing Process
15.3.2.10.5 Turkey Automotive Composites Market, By Application
15.3.2.11 Rest of Eastern Europe
15.3.2.11.1 Rest of Eastern Europe Automotive Composites Market By Fiber Type
15.3.2.11.2 Rest of Eastern Europe Automotive Composites Market By Resin Type
15.3.2.11.3 Rest of Eastern Europe Automotive Composites Market By Vehicle Type
15.3.2.11.4 Rest of Eastern Europe Automotive Composites Market By Manufacturing Process
15.3.2.11.5 Rest of Eastern Europe Automotive Composites Market, By Application
15.3.3 Western Europe
15.3.3.1 Western Europe Automotive Composites Market By Country
15.3.3.2 Western Europe Automotive Composites Market By Fiber Type
15.3.3.3 Western Europe Automotive Composites Market By Resin Type
15.3.3.4 Western Europe Automotive Composites Market By Vehicle Type
15.3.3.5 Western Europe Automotive Composites Market By Manufacturing Process
15.3.3.6 Western Europe Automotive Composites Market, By Application
15.3.3.7 Germany
15.3.3.7.1 Germany Automotive Composites Market By Fiber Type
15.3.3.7.2 Germany Automotive Composites Market By Resin Type
15.3.3.7.3 Germany Automotive Composites Market By Vehicle Type
15.3.3.7.4 Germany Automotive Composites Market By Manufacturing Process
15.3.3.7.5 Germany Automotive Composites Market, By Application
15.3.3.8 France
15.3.3.8.1 France Automotive Composites Market By Fiber Type
15.3.3.8.2 France Automotive Composites Market By Resin Type
15.3.3.8.3 France Automotive Composites Market By Vehicle Type
15.3.3.8.4 France Automotive Composites Market By Manufacturing Process
15.3.3.8.5 France Automotive Composites Market, By Application
15.3.3.9 UK
15.3.3.9.1 UK Automotive Composites Market By Fiber Type
15.3.3.9.2 UK Automotive Composites Market By Resin Type
15.3.3.9.3 UK Automotive Composites Market By Vehicle Type
15.3.3.9.4 UK Automotive Composites Market By Manufacturing Process
15.3.3.9.5 UK Automotive Composites Market, By Application
15.3.3.10 Italy
15.3.3.10.1 Italy Automotive Composites Market By Fiber Type
15.3.3.10.2 Italy Automotive Composites Market By Resin Type
15.3.3.10.3 Italy Automotive Composites Market By Vehicle Type
15.3.3.10.4 Italy Automotive Composites Market By Manufacturing Process
15.3.3.10.5 Italy Automotive Composites Market, By Application
15.3.3.11 Spain
15.3.3.11.1 Spain Automotive Composites Market By Fiber Type
15.3.3.11.2 Spain Automotive Composites Market By Resin Type
15.3.3.11.3 Spain Automotive Composites Market By Vehicle Type
15.3.3.11.4 Spain Automotive Composites Market By Manufacturing Process
15.3.3.11.5 Spain Automotive Composites Market, By Application
15.3.3.12 Netherlands
15.3.3.12.1 Netherlands Automotive Composites Market By Fiber Type
15.3.3.12.2 Netherlands Automotive Composites Market By Resin Type
15.3.3.12.3 Netherlands Automotive Composites Market By Vehicle Type
15.3.3.12.4 Netherlands Automotive Composites Market By Manufacturing Process
15.3.3.12.5 Netherlands Automotive Composites Market, By Application
15.3.3.13 Switzerland
15.3.3.13.1 Switzerland Automotive Composites Market By Fiber Type
15.3.3.13.2 Switzerland Automotive Composites Market By Resin Type
15.3.3.13.3 Switzerland Automotive Composites Market By Vehicle Type
15.3.3.13.4 Switzerland Automotive Composites Market By Manufacturing Process
15.3.3.13.5 Switzerland Automotive Composites Market, By Application
15.3.3.15 Austria
15.3.3.15.1 Austria Automotive Composites Market By Fiber Type
15.3.3.15.2 Austria Automotive Composites Market By Resin Type
15.3.3.15.3 Austria Automotive Composites Market By Vehicle Type
15.3.3.15.4 Austria Automotive Composites Market By Manufacturing Process
15.3.3.15.5 Austria Automotive Composites Market, By Application
15.3.3.15 Rest of Western Europe
15.3.3.15.1 Rest of Western Europe Automotive Composites Market By Fiber Type
15.3.3.15.2 Rest of Western Europe Automotive Composites Market By Resin Type
15.3.3.15.3 Rest of Western Europe Automotive Composites Market By Vehicle Type
15.3.3.15.4 Rest of Western Europe Automotive Composites Market By Manufacturing Process
15.3.3.15.5 Rest of Western Europe Automotive Composites Market, By Application
15.4 Asia-Pacific
15.4.1 Trend Analysis
15.4.2 Asia-Pacific Automotive Composites Market By country
15.4.3 Asia-Pacific Automotive Composites Market By Fiber Type
15.4.4 Asia-Pacific Automotive Composites Market By Resin Type
15.4.5 Asia-Pacific Automotive Composites Market By Vehicle Type
15.4.6 Asia-Pacific Automotive Composites Market By Manufacturing Process
15.4.7 Asia-Pacific Automotive Composites Market, By Application
15.4.8 China
15.4.8.1 China Automotive Composites Market By Fiber Type
15.4.8.2 China Automotive Composites Market By Resin Type
15.4.8.3 China Automotive Composites Market By Vehicle Type
15.4.8.4 China Automotive Composites Market By Manufacturing Process
15.4.8.5 China Automotive Composites Market, By Application
15.4.9 India
15.4.9.1 India Automotive Composites Market By Fiber Type
15.4.9.2 India Automotive Composites Market By Resin Type
15.4.9.3 India Automotive Composites Market By Vehicle Type
15.4.9.4 India Automotive Composites Market By Manufacturing Process
15.4.9.5 India Automotive Composites Market, By Application
15.4.10 Japan
15.4.10.1 Japan Automotive Composites Market By Fiber Type
15.4.10.2 Japan Automotive Composites Market By Resin Type
15.4.10.3 Japan Automotive Composites Market By Vehicle Type
15.4.10.4 Japan Automotive Composites Market By Manufacturing Process
15.4.10.5 Japan Automotive Composites Market, By Application
15.4.11 South Korea
15.4.11.1 South Korea Automotive Composites Market By Fiber Type
15.4.11.2 South Korea Automotive Composites Market By Resin Type
15.4.11.3 South Korea Automotive Composites Market By Vehicle Type
15.4.11.4 South Korea Automotive Composites Market By Manufacturing Process
15.4.11.5 South Korea Automotive Composites Market, By Application
15.4.12 Vietnam
15.4.12.1 Vietnam Automotive Composites Market By Fiber Type
15.4.12.2 Vietnam Automotive Composites Market By Resin Type
15.4.12.3 Vietnam Automotive Composites Market By Vehicle Type
15.4.12.4 Vietnam Automotive Composites Market By Manufacturing Process
15.4.12.5 Vietnam Automotive Composites Market, By Application
15.4.13 Singapore
15.4.13.1 Singapore Automotive Composites Market By Fiber Type
15.4.13.2 Singapore Automotive Composites Market By Resin Type
15.4.13.3 Singapore Automotive Composites Market By Vehicle Type
15.4.13.4 Singapore Automotive Composites Market By Manufacturing Process
15.4.13.5 Singapore Automotive Composites Market, By Application
15.4.15 Australia
15.4.15.1 Australia Automotive Composites Market By Fiber Type
15.4.15.2 Australia Automotive Composites Market By Resin Type
15.4.15.3 Australia Automotive Composites Market By Vehicle Type
15.4.15.4 Australia Automotive Composites Market By Manufacturing Process
15.4.15.5 Australia Automotive Composites Market, By Application
15.4.15 Rest of Asia-Pacific
15.4.15.1 Rest of Asia-Pacific Automotive Composites Market By Fiber Type
15.4.15.2 Rest of Asia-Pacific Automotive Composites Market By Resin Type
15.4.15.3 Rest of Asia-Pacific Automotive Composites Market By Vehicle Type
15.4.15.4 Rest of Asia-Pacific Automotive Composites Market By Manufacturing Process
15.4.15.5 Rest of Asia-Pacific Automotive Composites Market, By Application
15.5 Middle East & Africa
15.5.1 Trend Analysis
15.5.2 Middle East
15.5.2.1 Middle East Automotive Composites Market By Country
15.5.2.2 Middle East Automotive Composites Market By Fiber Type
15.5.2.3 Middle East Automotive Composites Market By Resin Type
15.5.2.4 Middle East Automotive Composites Market By Vehicle Type
15.5.2.5 Middle East Automotive Composites Market By Manufacturing Process
15.5.2.6 Middle East Automotive Composites Market, By Application
15.5.2.7 UAE
15.5.2.7.1 UAE Automotive Composites Market By Fiber Type
15.5.2.7.2 UAE Automotive Composites Market By Resin Type
15.5.2.7.3 UAE Automotive Composites Market By Vehicle Type
15.5.2.7.4 UAE Automotive Composites Market By Manufacturing Process
15.5.2.7.5 UAE Automotive Composites Market, By Application
15.5.2.8 Egypt
15.5.2.8.1 Egypt Automotive Composites Market By Fiber Type
15.5.2.8.2 Egypt Automotive Composites Market By Resin Type
15.5.2.8.3 Egypt Automotive Composites Market By Vehicle Type
15.5.2.8.4 Egypt Automotive Composites Market By Manufacturing Process
15.5.2.8.5 Egypt Automotive Composites Market, By Application
15.5.2.9 Saudi Arabia
15.5.2.9.1 Saudi Arabia Automotive Composites Market By Fiber Type
15.5.2.9.2 Saudi Arabia Automotive Composites Market By Resin Type
15.5.2.9.3 Saudi Arabia Automotive Composites Market By Vehicle Type
15.5.2.9.4 Saudi Arabia Automotive Composites Market By Manufacturing Process
15.5.2.9.5 Saudi Arabia Automotive Composites Market, By Application
15.5.2.10 Qatar
15.5.2.10.1 Qatar Automotive Composites Market By Fiber Type
15.5.2.10.2 Qatar Automotive Composites Market By Resin Type
15.5.2.10.3 Qatar Automotive Composites Market By Vehicle Type
15.5.2.10.4 Qatar Automotive Composites Market By Manufacturing Process
15.5.2.10.5 Qatar Automotive Composites Market, By Application
15.5.2.11 Rest of Middle East
15.5.2.11.1 Rest of Middle East Automotive Composites Market By Fiber Type
15.5.2.11.2 Rest of Middle East Automotive Composites Market By Resin Type
15.5.2.11.3 Rest of Middle East Automotive Composites Market By Vehicle Type
15.5.2.11.4 Rest of Middle East Automotive Composites Market By Manufacturing Process
15.5.2.11.5 Rest of Middle East Automotive Composites Market, By Application
15.5.3 Africa
15.5.3.1 Africa Automotive Composites Market By Country
15.5.3.2 Africa Automotive Composites Market By Fiber Type
15.5.3.3 Africa Automotive Composites Market By Resin Type
15.5.3.4 Africa Automotive Composites Market By Vehicle Type
15.5.3.5 Africa Automotive Composites Market By Manufacturing Process
15.5.3.6 Africa Automotive Composites Market, By Application
15.5.3.7 Nigeria
15.5.3.7.1 Nigeria Automotive Composites Market By Fiber Type
15.5.3.7.2 Nigeria Automotive Composites Market By Resin Type
15.5.3.7.3 Nigeria Automotive Composites Market By Vehicle Type
15.5.3.7.4 Nigeria Automotive Composites Market By Manufacturing Process
15.5.3.7.5 Nigeria Automotive Composites Market, By Application
15.5.3.8 South Africa
15.5.3.8.1 South Africa Automotive Composites Market By Fiber Type
15.5.3.8.2 South Africa Automotive Composites Market By Resin Type
15.5.3.8.3 South Africa Automotive Composites Market By Vehicle Type
15.5.3.8.4 South Africa Automotive Composites Market By Manufacturing Process
15.5.3.8.5 South Africa Automotive Composites Market, By Application
15.5.3.9 Rest of Africa
15.5.3.9.1 Rest of Africa Automotive Composites Market By Fiber Type
15.5.3.9.2 Rest of Africa Automotive Composites Market By Resin Type
15.5.3.9.3 Rest of Africa Automotive Composites Market By Vehicle Type
15.5.3.9.4 Rest of Africa Automotive Composites Market By Manufacturing Process
15.5.3.9.5 Rest of Africa Automotive Composites Market, By Application
15.6 Latin America
15.6.1 Trend Analysis
15.6.2 Latin America Automotive Composites Market By Country
15.6.3 Latin America Automotive Composites Market By Fiber Type
15.6.4 Latin America Automotive Composites Market By Resin Type
15.6.5 Latin America Automotive Composites Market By Vehicle Type
15.6.6 Latin America Automotive Composites Market By Manufacturing Process
15.6.7 Latin America Automotive Composites Market, By Application
15.6.8 Brazil
15.6.8.1 Brazil Automotive Composites Market By Fiber Type
15.6.8.2 Brazil Automotive Composites Market By Resin Type
15.6.8.3 Brazil Automotive Composites Market By Vehicle Type
15.6.8.4 Brazil Automotive Composites Market By Manufacturing Process
15.6.8.5 Brazil Automotive Composites Market, By Application
15.6.9 Argentina
15.6.9.1 Argentina Automotive Composites Market By Fiber Type
15.6.9.2 Argentina Automotive Composites Market By Resin Type
15.6.9.3 Argentina Automotive Composites Market By Vehicle Type
15.6.9.4 Argentina Automotive Composites Market By Manufacturing Process
15.6.9.5 Argentina Automotive Composites Market, By Application
15.6.10 Colombia
15.6.10.1 Colombia Automotive Composites Market By Fiber Type
15.6.10.2 Colombia Automotive Composites Market By Resin Type
15.6.10.3 Colombia Automotive Composites Market By Vehicle Type
15.6.10.4 Colombia Automotive Composites Market By Manufacturing Process
15.6.10.5 Colombia Automotive Composites Market, By Application
15.6.11 Rest of Latin America
15.6.11.1 Rest of Latin America Automotive Composites Market By Fiber Type
15.6.11.2 Rest of Latin America Automotive Composites Market By Resin Type
15.6.11.3 Rest of Latin America Automotive Composites Market By Vehicle Type
15.6.11.4 Rest of Latin America Automotive Composites Market By Manufacturing Process
15.6.11.5 Rest of Latin America Automotive Composites Market, By Application

16. Company Profiles
16.1 SGL Carbon (Germany)
16.1.1 Company Overview
16.1.2 Financials
16.1.3 Products/ Services Offered
16.1.4 SWOT Analysis
16.1.5 The SNS View
16.2 Teijin Limited (Japan)
16.2.1 Company Overview
16.2.2 Financials
16.2.3 Products/ Services Offered
16.2.4 SWOT Analysis
16.2.5 The SNS View
16.3 UFP Technologies Ltd. (US)
16.3.1 Company Overview
16.3.2 Financials
16.3.3 Products/ Services Offered
16.3.4 SWOT Analysis
16.3.5 The SNS View
16.4 Hexcel Corporation (US)
16.4 Company Overview
16.4.2 Financials
16.4.3 Products/ Services Offered
16.4.4 SWOT Analysis
16.4.5 The SNS View
16.5 Hexion (US)
16.5.1 Company Overview
16.5.2 Financials
16.5.3 Products/ Services Offered
16.5.4 SWOT Analysis
16.5.5 The SNS View
16.6 Toray Industries Inc. (Japan)
16.6.1 Company Overview
16.6.2 Financials
16.6.3 Products/ Services Offered
16.6.4 SWOT Analysis
16.6.5 The SNS View
16.7 Solvay SA (Belgium)
16.7.1 Company Overview
16.7.2 Financials
16.7.3 Products/ Services Offered
16.7.4 SWOT Analysis
16.7.5 The SNS View
16.8 Gurit (Switzerland)
16.8.1 Company Overview
16.8.2 Financials
16.8.3 Products/ Services Offered
16.8.4 SWOT Analysis
16.8.5 The SNS View
16.9 Huntsman Corporation
16.9.1 Company Overview
16.9.2 Financials
16.9.3 Products/ Services Offered
16.9.4 SWOT Analysis
16.9.5 The SNS View
16.10 Mitsubishi Chemical Holding Corporation (Japan)
16.10.1 Company Overview
16.10.2 Financials
16.10.3 Products/ Services Offered
16.10.4 SWOT Analysis
16.10.5 The SNS View

17. Competitive Landscape
17.1 Competitive Benchmarking
17.2 Market Share Analysis
17.3 Recent Developments
17.3.1 Industry News
17.3.2 Company News
17.3.3 Mergers & Acquisitions

18. Use Case and Best Practices

19. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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