Market Overview:
The global automotive composite market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 9% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Automotive composites are materials made using a combination of high-performance fibers, such as carbon or glass, and adhesive binders like epoxy polymer. They are applied on different automotive parts, ranging from forward-facing headlamps through beneath-the-hood electrical and heat-shielding to the exterior body and interior structures. As these composites offer ease in manufacturing, high stiffness and strength, and excellent energy-absorbing and dimensional stability, original equipment manufacturers (OEMs) across the globe are replacing steel with automotive composites to improve the safety, durability, and fuel efficiency of vehicles.
Due to severe air pollution, environmental agencies of numerous countries are implementing strict regulations for minimizing carbon dioxide (CO2) emissions from automobiles. This represents one of the key factors encouraging OEMs around the world to adopt new technologies, such as automotive composites, to reduce the weight of vehicles and maintain their strength and structural integrity. This is also being supported by the rising digitalization, the increasing adoption of electric vehicles (EVs), and the growing focus on redesigning existing vehicles with increased safety and performance. Apart from this, the leading players are developing low-cost manufacturing methods for automotive composites, which is contributing to the market growth. Furthermore, governing agencies of several countries are encouraging the utilization of automotive composites, which is anticipated to influence the market positively. For instance, the National Composites Center (NCC) of Japan has pursued a technology development project to improve the function of carbon fiber reinforced thermoplastic (CFRTP) composites for automotive structures.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive composite market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on material type, manufacturing process and application.
Breakup by Material Type:
- Glass Fiber
- Carbon Fiber
- Thermoset
- Thermoplastic
- Others
Breakup by Manufacturing Process:
- Compression Molding
- Injection Molding
- Resin Transfer Molding (RTM)
- Others
Breakup by Application:
- Exterior
- Interior
- Powertrain
- Chassis
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Gurit Holding AG, Hexcel Corporation, Hexion, Huntsman Corporation, Johns Manville (Berkshire Hathaway), Mitsubishi Chemical Carbon Fiber and Composites Inc. (Mitsubishi Chemical Holdings Corporation), Scott Bader Company Ltd, SGL Carbon, Solvay, Teijin Limited, Toray Industries Inc. and UFP Technologies Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Billion |
| Segment Coverage |
Material Type, Manufacturing Process, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Gurit Holding AG, Hexcel Corporation, Hexion, Huntsman Corporation, Johns Manville (Berkshire Hathaway), Mitsubishi Chemical Carbon Fiber and Composites Inc. (Mitsubishi Chemical Holdings Corporation), Scott Bader Company Ltd, SGL Carbon, Solvay, Teijin Limited, Toray Industries Inc. and UFP Technologies Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global automotive composite market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global automotive composite market?
- What are the key regional markets?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the manufacturing process?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global automotive composite market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Composite Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Material Type
6.1 Glass Fiber
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Carbon Fiber
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Thermoset
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Thermoplastic
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Manufacturing Process
7.1 Compression Molding
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Injection Molding
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Resin Transfer Molding (RTM)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Exterior
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Interior
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Powertrain
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Chassis
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Gurit Holding AG
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Hexcel Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Hexion
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Huntsman Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Johns Manville (Berkshire Hathaway)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Mitsubishi Chemical Carbon Fiber and Composites Inc. (Mitsubishi Chemical Holdings Corporation)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Scott Bader Company Ltd
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 SGL Carbon
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Solvay
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Teijin Limited
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Toray Industries Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 UFP Technologies Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
List of Figures
Figure 1: Global: Automotive Composite Market: Major Drivers and Challenges
Figure 2: Global: Automotive Composite Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Automotive Composite Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Automotive Composite Market: Breakup by Material Type (in %), 2020
Figure 5: Global: Automotive Composite Market: Breakup by Manufacturing Process (in %), 2020
Figure 6: Global: Automotive Composite Market: Breakup by Application (in %), 2020
Figure 7: Global: Automotive Composite Market: Breakup by Region (in %), 2020
Figure 8: Global: Automotive Composite (Glass Fiber) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Automotive Composite (Glass Fiber) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Automotive Composite (Carbon Fiber) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Automotive Composite (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Automotive Composite (Thermoset) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Automotive Composite (Thermoset) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Automotive Composite (Thermoplastic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Automotive Composite (Thermoplastic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Automotive Composite (Other Material Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Automotive Composite (Other Material Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Automotive Composite (Compression Molding) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Automotive Composite (Compression Molding) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Automotive Composite (Injection Molding) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Automotive Composite (Injection Molding) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Automotive Composite (Resin Transfer Molding (RTM)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Automotive Composite (Resin Transfer Molding (RTM)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Automotive Composite (Other Manufacturing Processes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Automotive Composite (Other Manufacturing Processes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Automotive Composite (Exterior) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Automotive Composite (Exterior) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Automotive Composite (Interior) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Automotive Composite (Interior) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Automotive Composite (Powertrain) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Automotive Composite (Powertrain) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Automotive Composite (Chassis) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Automotive Composite (Chassis) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Automotive Composite (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Automotive Composite (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: North America: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: North America: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: United States: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: United States: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Canada: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Canada: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Asia-Pacific: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Asia-Pacific: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: China: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: China: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Japan: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Japan: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: India: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: India: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: South Korea: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: South Korea: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Australia: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Australia: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Indonesia: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Indonesia: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Others: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Others: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Europe: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Germany: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Germany: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: France: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: France: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: United Kingdom: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: United Kingdom: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Italy: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Italy: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Spain: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Spain: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Russia: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Russia: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Latin America: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Latin America: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Brazil: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Brazil: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Mexico: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Mexico: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Middle East and Africa: Automotive Composite Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Middle East and Africa: Automotive Composite Market: Breakup by Country (in %), 2020
Figure 84: Middle East and Africa: Automotive Composite Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Global: Automotive Composite Industry: SWOT Analysis
Figure 86: Global: Automotive Composite Industry: Value Chain Analysis
Figure 87: Global: Automotive Composite Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Automotive Composite Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Automotive Composite Market Forecast: Breakup by Material Type (in Million US$), 2021-2026
Table 3: Global: Automotive Composite Market Forecast: Breakup by Manufacturing Process (in Million US$), 2021-2026
Table 4: Global: Automotive Composite Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Automotive Composite Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Automotive Composite Market: Competitive Structure
Table 7: Global: Automotive Composite Market: Key Players