Automotive Composites Market Size
The global automotive composites market size was valued at $7.98 billion in 2023 and is projected to reach $15.84 billion by 2029, growing at a CAGR of 12.1% from 2023 to 2029.
Automotive Composites Market Overview
Automotive composites are materials used in the manufacturing of vehicle components, consisting of a combination of different materials to create a composite with enhanced properties. These composites typically involve the strategic incorporation of materials like carbon fiber, fiberglass, or aramid fibers into a matrix of polymers, resins, or metals. The resulting composite materials exhibit characteristics such as high strength-to-weight ratios, durability, and corrosion resistance. Automotive manufacturers utilize composites in the production of various parts, including body panels, interior components, and structural elements, intending to improve fuel efficiency, reduce overall vehicle weight, and enhance performance. The use of automotive composites represents a shift towards materials that contribute to lighter and more fuel-efficient vehicles, meeting both performance and sustainability goals in the automotive industry.
Market Dynamics:
Growth Drivers
- Rising need for lightweight materials in the car production industry.
- Growing emphasis on lowering carbon emissions.
Constraints
- Absence of industry standardization.
- High cost of the composites.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Based on resin, the market is bifurcated into thermoset and thermoplastic.
By fiber, the market is fragmented into glass fiber, carbon fiber, and other fibers.
In accordance with manufacturing, the market is sorted into compression molding, injection molding, and resin transfer molding (RTM).
In reference to vehicle type, the market is segregated into electric and non-electric.
Depending upon application, the market is categorized into chassis, exterior, interior, and powertrain.
List of the Key Players Profiled in the Report Includes:
- Continental Structural Plastics Inc.
- Cytec Industries Inc.
- Gurit Holding AG
- Hexcel Corporation
- Huntsman Corporation
- Koninklijke Ten Cate BV
- Mitsubishi Chemical Corporation
- Plasan Carbon Composites
- SGL Carbon
- Teijin Limited
- Toray Industries, Inc.
Market by, Geography:
The automotive composites market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
- North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
- Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
- Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
- South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
- Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.
The report “Global Automotive Composites Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.
The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
What Can be Explored with this Research Report:
- Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
- Identify growth opportunities.
- Porter’s five force analysis.
- In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
- Historical and forecast size of the market in terms of revenue (USD Million).
- Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Table Of Content
1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Research Approach
3.6 Data Sources and Assumptions
4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges
4.5 Impact of COVID-19 on the Automotive Composites Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Automotive Composites Market by, Resin
6.1 Overview
6.2 Thermoset
6.3 Thermoplastic
7 Global Automotive Composites Market by, Fiber
7.1 Overview
7.2 Glass Fiber
7.3 Carbon Fiber
7.4 Other Fibers
8 Global Automotive Composites Market by, Manufacturing
8.1 Overview
8.2 Compression Molding
8.3 Injection Molding
8.4 Resin Transfer Molding (RTM)
9 Global Automotive Composites Market by, Vehicle Type
9.1 Overview
9.2 Electric
9.3 Non-electric
10 Global Automotive Composites Market by, Application
10.1 Overview
10.2 Chassis
10.3 Exterior
10.4 Interior
10.5 Powertrain
11 Global Automotive Composites Market by, Geography
11.1 Overview
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Australia
11.4.6 New Zealand
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 UAE
11.6.2 Saudi Arabia
11.6.3 Qatar
11.6.4 Iran
11.6.5 South Africa
11.6.6 Rest of Middle East & Africa
12 Key Developments
13 Company Profiling
13.1 Continental Structural Plastics Inc.
13.1.1 Business Overview
13.1.2 Product/Service Offering
13.1.3 Financial Overview
13.1.4 SWOT Analysis
13.1.5 Key Activities
13.2 Cytec Industries Inc.
13.3 Gurit Holding AG
13.4 Hexcel Corporation
13.5 Huntsman Corporation
13.6 Koninklijke Ten Cate BV
13.7 Mitsubishi Chemical Corporation
13.8 Plasan Carbon Composites
13.9 SGL Carbon
13.10 Teijin Limited
13.11 Toray Industries, Inc.
Report Details
SKU Code | : DI1993 |
Industry | : Automotive & Transportation |
Region | : Global |
Tables | : 114 |
Format | : Electronic PDF |
Published | : 2023 |
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