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Automotive Composites Market

Automotive Composites Market Size and Segment 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 Regions and Global Forecast 2022-2028

Report Id: SNS/C&M/2484 | July 2022 | Region: Global | 131 Pages

Report Scope & Overview:

Automotive Composites Market Size was valued at USD 7.7 billion in 2021, and expected to reach USD 16.4 billion by 2028, and grow at a CAGR of 11.3 % over the forecast period 2022-2028.

The automotive industry is in the process of responding to serious issues that have an impact on both users and the environment. Getting cars lighter to save on fuel is one of the main difficulties facing the automotive industry. Road transport vehicles are thought to be responsible for more than a quarter of all greenhouse gas emissions due to their high fuel consumption. The amount of fuel that cars use is significantly influenced by their weight. The worldwide automotive composites market is anticipated to be driven by rising consumer interest in energy security issues as well as rising consumer knowledge of alternative materials for automobiles.

Automotive Composites Market Revenue Graph

Market Dynamics:

Drivers:

  • An increase in demand for light, fuel-efficient automobiles.

  • Heightened environmental awareness and strict pollution prevention methods

Restraints:

  • High costs for production and processing.

Impact of Covid-19:

As a result of COVID-19, the market for automotive composites experienced a significant decline in 2020. Lockdowns enacted in various nations have had an effect on automakers, which has significantly contributed to the downfall of the automotive composites sector. The growth of the automotive composites market in 2020 has also been impacted by the closure of manufacturing facilities, a halt in production, and disruptions throughout the supply chain. However, it is anticipated that the industry will begin to rebound in 2021, notably in the Asia Pacific area, as demand for electric vehicles increases. In 2020, the lockdown-delayed projects that also had an impact on the growth of the automotive composites industry will resume, reviving the market's expansion.

Key Players:

Mitsubishi Chemical Holding Corporation (Japan), SGL Carbon (Germany), Hexion (US)Teijin Limited (Japan), UFP Technologies Ltd. (US), Hexcel Corporation (US), Toray Industries Inc. (Japan), Solvay SA (Belgium), Gurit (Switzerland) and Huntsman Corporation, and other players.

Market Segment:

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

Automotive Composites Market Segment Pie Chart

Regional Analysis:

The increasing awareness of the negative environmental effects of burning fossil fuels and regional CO2 emissions limits are what are driving the North American automotive composites market. The growth of the North American automotive composites market has been facilitated by the expansion of technological advancements together with an increase in automobile production. The North American automotive composites industry is anticipated to be driven by strategic partnerships between automakers and carbon fibre and resin providers.

Europe: Due to the expansion of the automotive sector across the continent, the market for automotive composites in Europe is anticipated to have strong demand. Germany, the UK, France, and Russia are significant market growth drivers.

Asia-Pacific: Due to government initiatives in the region, Asia-Pacific is expected to lead the worldwide automotive composites market during the forecast period. However, it is projected that increasing manufacturing of electric vehicles would present profitable market expansion potential. Emerging economies like those in India, China, South Korea, and Australia have the greatest development potential. Due to the region's growing use of emission-free automobiles, Asia-Pacific has seen substantial growth in the automotive composites industry.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Composites Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 7.7 Billion
Market Size by 2028 US$ 16.4 Billion
CAGR CAGR of 11.3% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Mitsubishi Chemical Holding Corporation (Japan), SGL Carbon (Germany), Hexion (US)Teijin Limited (Japan), UFP Technologies Ltd. (US), Hexcel Corporation (US), Toray Industries Inc. (Japan), Solvay SA (Belgium), Gurit (Switzerland) and Huntsman Corporation, and other players.
DRIVERS • An increase in demand for light, fuel-efficient automobiles.
• Heightened environmental awareness and strict pollution prevention methods
Restraints • High costs for production and processing.


Frequently Asked Questions (FAQ) :

Ans: Primary or secondary type of research done by this reports.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

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

Ans: High costs for production and processing are the restraints for Automotive Composites Market.

Ans: Automotive Composites Market Size was valued at USD 7.7 billion in 2021, and expected to reach USD 16.4 billion by 2028, and grow at a CAGR of 11.3 % over the forecast period 2022-2028.

 


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Automotive Composites Market Segment, By Fiber Type

8.1 Glass Fiber

8.2 Carbon Fiber

8.3 Others

 

9.Automotive Composites Market Segment, By Resin Type

9.1 Thermoset

9.2 Thermoplastic

 

10.Automotive Composites Market Segment, By  Manufacturing Process

10.1 Compression Molding

10.2 Injection Molding

10.3 Resin Transfer Molding (RTM)

10.4 Others

 

11.Automotive Composites Market Segment, By Application

11.1 Exterior

11.2 Interior

11.3 Powertrain

11.4 Chassis

 

12.Automotive Composites Market Segment, By Vehicle Type:

12.1 Non-electric

12.2 Electric

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

 

14. Company Profile

14.1 Mitsubishi Chemical Holding Corporation (Japan)

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 SGL Carbon (Germany)

14.3 Hexion (US)

14.4 Teijin Limited (Japan)

14.5 UFP Technologies Ltd. (US)

14.6 Hexcel Corporation (US)

14.7 Toray Industries Inc. (Japan)

14.8 Solvay SA (Belgium)

14.9 Gurit (Switzerland)

14.10 Huntsman Corporation (US)

 

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

 

16. 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.

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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

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