The market for automotive composites is expected to grow at a CAGR of around 13.3% from 2020 to 2027 and expected to reach the market value of around US$ 12,414.4 Bn by 2027.
Automotive composites are the lightweight solutions manufactured from a combination of two or more materials. These are particularly designed to provide strength, design flexibility, cost reduction, weight reduction, and recyclability to the vehicle. As well as, composites offer numerous advantages over traditional steel and injection moulded automotive parts, whereas properties of composite material may vary from its constituents.
Market Dynamics
The increasing demand for lightweight and fuel-efficient vehicles across the world is driving the market value. The increasing demand for environment-friendly electric vehicles is supporting market growth. The increasing use of natural fibre composites in automotive applications by the manufacturers is further accelerating the market value. The ongoing development of affordable composites and the emergence of manufacturing techniques that are aiming production costs reduction and optimum quality maintenance is further propelling the market value. Furthermore, stringent government regulations to use the lightweight materials and need to use the fuel efficiency due to increasing pollution from excessive use of fuel engines are projected to create potential opportunities over the estimated period from 2020 to 2027.
On the other side, the high production cost of composites and lack of technological advancements in some economies are likely to hinder the growth to an extent over the period.
Exterior is leading the automotive composites market with maximum share
By application, the exterior segment is having the potential revenue share (%) in the global market and also projected to maintain its dominance over the forecast period from 2020 to 2027. The usage of automotive composites in exteriors includes door frames, fenders, hoods, bumper beams, and deck lids of vehicles. The composites offer high stiffness, increased strength, and lightweight which results in minimum damages in case of accidents to the exterior parts of vehicles is supporting the segmental market value.
Asia Pacific accounted for the maximum share in the Automotive Composites Market
In 2019, Asia Pacific has registered major revenue share (%) in the global market and also projected to maintain its dominance over the estimated period from 2020 to 2027. The major economies of the region including Japan, China, and India are major contributors to the regional market value. The rapid advancement in the automotive sector along with the increasing demand for passenger vehicles is propelling the regional market value. The increasing disposable income and stringent regulation by the government on automotive manufacturers are further bolstering the market value. Moreover, the region is also projected to experience the fastest growth with major CAGR (%) over the estimated period. The rapid industrialization and rising focus of manufacturers in the regional market owing to the available opportunities is additionally accelerating the market.
The players profiled in the report include Arkema, Gurit (Switzerland), Hexcel Corporation, Nippon Sheet Glass Co, Ltd., Owens Corning (U.S.), Quantum Composites, SABIC, SGL Group (Germany), Solvay S.A. (Belgium), Toho Tenax Co., Ltd. (Japan), and Toray Industries, Inc. (Japan). The major automotive composites players were involved in strategic developments for escalating the profit share in regional as well as global market. The major investments were announced for the technological advancements associated with the changing consumer demand for automotive composites.
Market Segmentation
Market By Fiber
Glass Reinforced Plastic (GRP)
Carbon Fiber Reinforced Plastic (CFRP)
Natural Fiber (NF)
Aramid Fiber Composite
Market By Resin
Thermoset
Thermoplastic
Market By Manufacturing Process
Compression Molding
Injection Molding
Resin Transfer Molding (RTM)
Other
Market By Application
Interior
Exterior
Structural
Others
Market By Vehicle Type
Passenger Cars
Commercial Vehicle
Agricultural
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Automotive Composites
1.1. Definition and Scope
1.1.1. Definition of Automotive Composites
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Automotive Composites Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Automotive Composites Market By Fiber
1.2.3. Automotive Composites Market By Resin
1.2.4. Automotive Composites Market By Manufacturing Process
1.2.5. Automotive Composites Market By Application
1.2.6. Automotive Composites Market By Vehicle Type
1.2.7. Automotive Composites Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Automotive Composites Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Automotive Composites Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Automotive Composites Major Manufacturers in 2019
CHAPTER 5. Automotive Composites Market By Fiber
5.1. Introduction
5.2. Automotive Composites Revenue By Fiber
5.2.1. Automotive Composites Revenue (US$ Mn) and Forecast, By Fiber, 2016-2027
5.2.2. Glass Reinforced Plastic (GRP)
5.2.2.1. Glass Reinforced Plastic (GRP) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Carbon Fiber Reinforced Plastic (CFRP)
5.2.3.1. Carbon Fiber Reinforced Plastic (CFRP) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Natural Fiber (NF)
5.2.4.1. Natural Fiber (NF) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Aramid Fiber Composite
5.2.5.1. Aramid Fiber Composite Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Automotive Composites Market Revenue By Resin
6.1. Introduction
6.2. Automotive Composites Revenue (US$ Mn) By Resin
6.2.1. Automotive Composites Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
6.2.2. Thermoset
6.2.2.1. Thermoset Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Thermoplastic
6.2.3.1. Thermoplastic Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Automotive Composites Market By Manufacturing Process
7.1. Introduction
7.2. Automotive Composites Revenue (US$ Mn) By Manufacturing Process
7.2.1. Automotive Composites Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
7.2.2. Compression molding
7.2.2.1. Compression molding Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Injection molding
7.2.3.1. Injection molding Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. Resin Transfer Molding (RTM)
7.2.4.1. Resin Transfer Molding (RTM) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Othe
7.2.5.1. Other Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. Automotive Composites Market By Application
8.1. Introduction
8.2. Automotive Composites Revenue (US$) By Application
8.2.1. Automotive Composites Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
8.3. Interior
8.3.1. Interior Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
8.4. Exterior
8.4.1. Exterior Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
8.5. Structural
8.5.1. Structural Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
8.6. Other
8.6.1. Other Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 9. Automotive Composites Market By Vehicle Type
9.1. Introduction
9.2. Automotive Composites Revenue (US$) By Vehicle Type
9.2.1. Automotive Composites Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
9.3. Passenger Cars
9.3.1. Passenger Cars Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
9.4. Commercial Vehicle
9.4.1. Commercial Vehicle Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
9.5. Agricultural
9.5.1. Agricultural Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 10. North America Automotive Composites Market By Country
10.1. North America Automotive Composites Overview
10.2. U.S.
10.2.1. U.S. Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016-2027
10.2.2. U.S. Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016-2027
10.2.3. U.S. Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016-2027
10.2.4. U.S. Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
10.2.5. U.S. Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.3. Canada
10.3.1. Canada Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016-2027
10.3.2. Canada Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016-2027
10.3.3. Canada Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016-2027
10.3.4. Canada Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
10.3.5. Canada Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
10.4. North America PEST Analysis
CHAPTER 11. Europe Automotive Composites Market By Country
11.1. Europe Automotive Composites Market Overview
11.2. U.K.
11.2.1. U.K. Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016-2027
11.2.2. U.K. Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016-2027
11.2.3. U.K. Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016-2027
11.2.4. U.K. Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
11.2.5. U.K. Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
11.3. Germany
11.3.1. Germany Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016-2027
11.3.2. Germany Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016-2027
11.3.3. Germany Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016-2027
11.3.4. Germany Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
11.3.5. Germany Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
11.4. France
11.4.1. France Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016-2027
11.4.2. France Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016-2027
11.4.3. France Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016-2027
11.4.4. France Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
11.4.5. France Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
11.5. Spain
11.5.1. Spain Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016-2027
11.5.2. Spain Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016-2027
11.5.3. Spain Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016-2027
11.5.4. Spain Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
11.5.5. Spain Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
11.6. Rest of Europe
11.6.1. Rest of Europe Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016-2027
11.6.2. Rest of Europe Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016-2027
11.6.3. Rest of Europe Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016-2027
11.6.4. Rest of Europe Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
11.6.5. Rest of Europe Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
11.7. Europe PEST Analysis
CHAPTER 12. Asia Pacific Automotive Composites Market By Country
12.1. Asia Pacific Automotive Composites Market Overview
12.2. China
12.2.1. China Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
12.2.2. China Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
12.2.3. China Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
12.2.4. China Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.2.5. China Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
12.3. Japan
12.3.1. Japan Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
12.3.2. Japan Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
12.3.3. Japan Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
12.3.4. Japan Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3.5. Japan Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
12.4. India
12.4.1. India Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
12.4.2. India Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
12.4.3. India Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
12.4.4. India Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4.5. India Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
12.5. Australia
12.5.1. Australia Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
12.5.2. Australia Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
12.5.3. Australia Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
12.5.4. Australia Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.5.5. Australia Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
12.6. South Korea
12.6.1. South Korea Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
12.6.2. South Korea Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
12.6.3. South Korea Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
12.6.4. South Korea Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.6.5. South Korea Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
12.7. Rest of Asia-Pacific
12.7.1. Rest of Asia-Pacific Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
12.7.2. Rest of Asia-Pacific Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
12.7.3. Rest of Asia-Pacific Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
12.7.4. Rest of Asia-Pacific Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.7.5. Rest of Asia-Pacific Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
12.8. Asia Pacific PEST Analysis
CHAPTER 13. Latin America Automotive Composites Market By Country
13.1. Latin America Automotive Composites Market Overview
13.2. Brazil
13.2.1. Brazil Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
13.2.2. Brazil Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
13.2.3. Brazil Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
13.2.4. Brazil Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
13.2.5. Brazil Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
13.3. Mexico
13.3.1. Mexico Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
13.3.2. Mexico Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
13.3.3. Mexico Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
13.3.4. Mexico Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
13.3.5. Mexico Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
13.4. Rest of Latin America
13.4.1. Rest of Latin America Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
13.4.2. Rest of Latin America Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
13.4.3. Rest of Latin America Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
13.4.4. Rest of Latin America Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
13.4.5. Rest of Latin America Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
CHAPTER 14. Middle East & Africa Automotive Composites Market By Country
14.1. Middle East & Africa Automotive Composites Market Overview
14.2. Saudi Arabia
14.2.1. Saudi Arabia Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
14.2.2. Saudi Arabia Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
14.2.3. Saudi Arabia Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
14.2.4. Saudi Arabia Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
14.2.5. Saudi Arabia Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
14.3. UAE
14.3.1. UAE Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
14.3.2. UAE Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
14.3.3. UAE Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
14.3.4. UAE Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
14.3.5. UAE Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
14.4. Rest of Middle East & Africa
14.4.1. Rest of Middle East & Africa Automotive Composites Market Revenue (US$ Mn) and Forecast By Fiber, 2016 - 2027
14.4.2. Rest of Middle East & Africa Automotive Composites Market Revenue (US$ Mn) and Forecast By Resin, 2016 - 2027
14.4.3. Rest of Middle East & Africa Automotive Composites Market Revenue (US$ Mn) and Forecast By Manufacturing Process, 2016 - 2027
14.4.4. Rest of Middle East & Africa Automotive Composites Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
14.4.5. Rest of Middle East & Africa Automotive Composites Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 – 2027
CHAPTER 15. PLAYER ANALYSIS OF AUTOMOTIVE COMPOSITES
15.1. Automotive Composites Market Company Share Analysis
15.2. Competition Matrix
15.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
15.2.2. New Fiber Launches and Fiber Enhancements
15.2.3. Mergers And Acquisition In Global Automotive Composites Market
15.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 16. COMPANY PROFILE
16.1. Arkema, Gurit
16.1.1. Company Snapshot
16.1.2. Business Overview
16.1.3. Financial Overview
16.1.3.1. Revenue (US$ Mn), 2019
16.1.3.2. Arkema, Gurit 2019 Automotive Composites Business Regional Distribution
16.1.4. Fiber/ Service and Specification
16.1.5. Recent Developments & Business Strategy
16.1.6. Manufacturing Plant Footprint Analysis
16.2. Hexcel Corporation
16.3. Nippon Sheet Glass Co, Ltd.
16.4. Owens Corning
16.5. Quantum Composites
16.6. SABIC
16.7. SGL Group
16.8. Solvay S.A.
16.9. Toho Tenax Co.
16.10. Toray Industries, Inc.
16.11. Others
