Automotive Composites Market

2019 Analysis and Review of Automotive Composites Market by Material - Glass Fiber Composite, Natural Fiber Composite, Carbon Fiber Composite, Aramid Fiber Composite, and Others for 2019 - 2029

  • 2020-01-15
  • REP-GB-1216
  • 57 Tables
  • 297 Figures
  • 363 pages
  • PDF PPT EXCEL
Automotive Composites Market
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Automotive Composites Market to Hit US$ 10 Bn Mark in 2025

The worldwide sales of automotive composites are linearly associated with global automotive production and vehicle fleet size. The global automotive industry is subject to uncertain economic conditions, yet, it has been growing at a healthy pace. As suggested by this new study, the value of the automotive composites market is set to touch the US$ 10 Bn mark by 2025, growing 1.7x from 2019 to 2029. Lightweight automotive composites are currently gathering the interest of the incumbents, with aesthetic and stylish interior features as the key parameter associated with new launches.

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Frequently Asked Questions about Global Automotive Composites Market

How will the automotive composites market progress in the future?

Composite parts and components weigh a lot less than their metallic counterparts; hence, their implementation in the construction of a vehicle leads to weight reduction, which is beneficial as it reduces fuel consumption, and thereby, emissions. These factors are expected to increase the usage of advanced automotive composites by carmakers in the foreseeable future, in order to ensure compliance with stringent emission norms, globally.

Will increase in material procurement and processing of composite material affect the future trajectory of the market?

Yes, with increasing technical complexity and increasing demand for high-quality composite parts, the cost of raw material and manufacturing process of automotive composite parts will remain high in comparison to metal-based parts. Five areas incur major costs from the perspective of automotive composites - fiber, resin, consumables, machining costs, and labor. A slightest increase in these prices directly affects the growth of the automotive composite market.

Which material type holds potential growth opportunities for market players?

The most preferred and dominant material in the current scenario is glass fiber, which will remain in that position in the coming years. Preference of manufacturers for glass fiber will hold an attractive prospect for both, OEMs and aftermarket players.

What is the degree of competition in the automotive composites market?

The global automotive composites market is fairly competitive, with numerous organized players operating in the landscape. Entry of organized and well-established players in the market can lead to profitability, owing to improved products and growing demand placed by automotive OEMs for lighter parts. Tier-II and III players in the market occupy almost 60% market share.

Which region will lead the global sales of automotive composites?

North America and Western Europe hold nearly 40% of the overall global automotive composite market. However, strong growth in the automotive composites market is expected in developing countries, especially in China and India, due to the presence of large automotive manufactures in these regions.

Glass Fiber Composite Accounts for 50% Share

Owing to its cost-efficient and high structural strength, glass fiber composite continues to account for greater preference as compared to other automotive composites such as natural and aramid fiber composites. However, carbon fiber composite is also gaining increasing share of the global market revenue, as it ticks the boxes of lightweight and high electrical conductivity potential. Further, natural fiber composite is also finding application in the designing and manufacturing of seat backs, door panels, and automotive load floors.

Developed Regional Markets Continue to Engage Stakeholders

The booming automotive industry would be the key factor shaping the automotive composites market, in both, developed and developing regions, throughout the period of projection. The markets in North America and Western Europe are supported by increasing production of mid-size cars, luxury cars, and SUVs. China leads the automotive industry when it comes to the production of compact and heavy commercial vehicles (HCVs), which is also attracting significant stakeholder investments in the region. However, the recent slowdown in auto sales in the country is anticipated to pose as a possible threat for automotive composites market players.

* This data is only a representation. Actual data may vary and will be available in report.

Developed Regional Markets Continue to Engage Stakeholders
Developed Regional Markets Continue to Engage Stakeholders
Developed Regional Markets Continue to Engage Stakeholders
Developed Regional Markets Continue to Engage Stakeholders
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

Considering Agricultural Sector for Potential Sales Opportunities

The agricultural sector accounts for a major contribution to a country’s gross domestic product (GDP). Governments, in order to improve agricultural productivity, are honing in on high-performance tractors and threshers that are efficient in terms of time and fuel. Market players should explore white spaces in the agricultural sector, despite their meager share in the revenue of the automotive composites market.

Glass fiber composite accounts for highest revenue share

Carbon fiber composite to see substantial demand growth

Thermoset takes the lead

Thermoplastic to see rapid adoption

High application in interior

Increasing rate of application in exterior

Surging usage in passenger cars

Adoption in LCVs to rise rapidly

How Growth will Unfold

Accounting for nearly 3/5 of total sales, thermoset resins will remain the top-selling category in the automotive composites market, primarily owing to their cost effectiveness and high mechanical properties. In 2022, thermostat resins worth around US$ 5 Bn will be sold, globally. However, as the recycling of thermostat resins is extremely difficult, they are likely to lose their market share to thermoplastic resins.

Automotive Composites Market Value by Resin

* This data is only a representation. Actual data may vary and will be available in report.

Click Here To Know How The Growth Will Unfold

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Overview

Automotive Composites Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029

Future Market Insights published its recent market research report on the global automotive composites market, which comprises of the global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. It includes a comprehensive assessment of the relevant and related market dynamics. After conducting a complete analysis on the historical as well as current growth prospective of the automotive composites market, the growth predictions of the market are obtained with maximum accuracy.

Automotive Composites Market Taxonomy

The global automotive composites market is segmented into five segments in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

Material

  • Glass Fiber Composite
  • Natural Fiber Composite
  • Carbon Fiber Composite
  • Aramid Fiber Composite
  • Others

Resin

  • Thermoplastic
  • Thermoset

Application

  • Interior
  • Exterior
  • Underbody
  • Chassis
  • Power Train
  • Engine Components

Vehicle Type

  • Passenger Cars
    • Compact
    • Mid-size
    • Luxury
    • SUVs
  • LCVs
  • HCVs
    • Straight Trucks
    • Dump Trucks/Garbage Trucks
    • Semi-trailers
    • Fire Trucks
    • Others
  • Agricultural
    • Tractors
    • Tillers
    • Rotavators
    • Harvesters
    • Threshers

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • MEA
  • China
  • Japan
  • India

What's Included

The report commences with the executive summary of the automotive composites market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of prime segments of the automotive composites market.

Readers can find detailed segmentation and definition of the automotive composites market in this chapter, which will help them understand the basic information about the automotive composites market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the automotive composites market report.

The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with the key market developments and product innovations.

This section includes key inclusions of the report. It includes the product adoption & usage analysis, & opportunity analysis, and manufacturers’ strategies for the market expansion.

This section explains the global market volume analysis and forecast for the automotive composites market during the forecast period 2019-2029.

This section highlights the average price of glass fiber composite, natural fiber composite, carbon fiber composite, aramid fiber composite and others. The pricing benchmark for manufacturer level pricing and distributor level pricing is analyzed in this section.

This section explains the global market value analysis and forecast for the automotive composites market during 2014-2029. This chapter includes detailed analysis of the historical automotive composites market, along with an opportunity analysis of the future. Readers can also find absolute $ opportunity for the current year (2019-2020) and incremental $ opportunity for the forecast period (2019-2029).

This chapter explains the key macroeconomic factors that are expected to influence the growth of the automotive composites market during the forecast period. Along with the macroeconomic factors, this section highlights the opportunity analysis for the automotive composites market. This chapter also highlights the key market dynamics of the automotive composites market such as drivers, restraints, trends, and opportunities. Moreover, readers will understand key trends followed by prominent manufacturers in the automotive composites market.

Based on material, the automotive composites market is segmented into glass fiber composite, natural fiber composite, carbon fiber composite, aramid fiber composite and others. In this chapter, readers can find information about the key trends and developments in the automotive composites market and market attractiveness analysis based on material.

This chapter provides details about the automotive composites market on the basis of thermoplastic and thermoset. In this chapter, readers can understand the market attractiveness analysis based on the resin.

This chapter provides details about the automotive composites market on the basis of interior, exterior, underbody, chassis, power train, and engine components. In this chapter, readers can understand the market attractiveness analysis based on application.

This chapter provides details about the automotive composites market on the basis of passenger cars, LCVs, HCVs, and agricultural. Passenger cars are further segmented into compact, mid-size, luxury and SUVs; HCVs are further segmented into straight trucks, dump trucks/garbage trucks, semi-trailers, fire trucks, and others; agricultural segment is further divided into five segments, which are tractors, tillers, rotavators, harvesters, and threshers. In this chapter, readers can understand the market attractiveness analysis based on vehicle type.

This chapter explains how the automotive composites market will grow across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, South East Asia & Pacific, Middle East & Africa, China, Japan and India.

This chapter includes detailed analysis of the growth of the North America automotive composites market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on countries in North America.

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the Latin America automotive composites market. This chapter also includes the growth prospects of the automotive composites market in prominent LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the automotive composites market based on its Applications in several countries such as Germany, the U.K, France, Italy, Spain, BENELUX and Rest of Western Europe are included in this chapter.

Important growth prospects of the automotive composites market based on its applications in several countries such as Russia, Poland, and Rest of Eastern Europe are included in this chapter.

In this chapter, Indonesia, Philippines, Thailand, Malaysia, Oceania and Rest of South East Asia & Pacific are prominent countries in the South East Asia & Pacific region that are the prime subjects of assessment to obtain growth prospects of the automotive composites market. Readers can find detailed information about the growth parameters of the South East Asia & Pacific automotive composites market during the forecast period of 2019-2029.

This chapter provides information about how the automotive composites market will grow in major countries in the MEA region such as South Africa, Turkey and the Rest of MEA during the forecast period of 2019-2029.

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the China automotive composites market

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the Japan automotive composites market

Readers can find detailed information about several factors such as pricing analysis and regional trends that are impacting the growth of the India automotive composites market

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the automotive composites market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the automotive composites market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are as Mitsubishi Chemical, Teijin Limited, SGL Carbon SE, Solvay Group (Cytec Solvay Group), and Holding Toray Industries Inc., among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the automotive composites market report.

This chapter help readers understand the research methodology followed to obtain several conclusions as well as important qualitative and quantitative information about the automotive composites market.

How the research was conducted?

Primary Research

  • Chief Executive Officer 
  • Vice President 
  • Sales Head 
  • Product Manager 
  • Marketing Head 
  • Deputy Manager -Marketing & Communications
  • Marketing Manager
  • Sales Manager
  • Distributors
  • Customer Service Representative
  • Current market dynamics and challenges
  • End Use Industry Segment Split and Authenticity
  • Yesteryear trends 
  • Market characteristics
  • Competition structure and market structure
  • Strategic growth initiatives
  • Market segment splits and authenticity
  • Near-term and long-term market growth prospects
  • Opinions on market projections and validity of assumptions

Secondary Research

  • World Bank 
  • IEA
  • U.S. Environmental Protection Agency
  • European Commission
  • Department of Water and Sanitation’s (DWS)

Primary Interview Splits

Primary Interview Splits automotive composites market designations

Primary Interview Splits automotive composites market stakeholders

To Learn More About our Comprehensive Perspective on Automotive Composites Market ,

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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