The Automotive Composite Market is expected to grow from USD 4.45 billion in 2019 to USD 8.07 billion by 2027, at a CAGR of 7.7% during the forecast period 2020-2027.
Composite materials are a combination of two materials which have different physical and chemical properties. When these are combined, they create a material which is specialised for a specific job. Automotive composites are materials which have properties including strength & high transverse stiffness, no moisture absorption, fire resistance, radiation resistance, etc. also it is cheaper than traditional materials and very light in weight which helps to reduce the weight of the vehicle and improve mileage. The automotive parts are used in the interior, exterior and for the powertrain components. Carbon fibre is widely used in the high-performance vehicles to attain high speed and acceleration, and it is now making its way into commercial vehicles. The factors driving the growth of this market are stricter emission norms and increase in fuel efficiency which is forcing manufacturers to use these composites, reducing manufacturing costs, its recyclability, and growing demand for lightweight vehicles.
This study delivers a comprehensive analysis of types, end-user applications, and regions. By the type of product, the market is segmented into polymer matrix composites, metal matrix composites, and ceramic matrix composites. The polymer matrix composites include glass fibre, reinforced polymer composite, natural fibre reinforced polymer composite, and carbon fibre reinforced polymer composite. Polymer matrix composites are most widely used and account for the largest market share in this segment, owing to its low cost and easy fabrication. It is used in the exterior auto body components and in package trays, seat backs, door panels, dashboards, headliners and interior parts. Metal composites are expected to grow at a high growth rate due to its features such as strength & high transverse stiffness, no moisture absorption, fire resistance, radiation resistance, etc. By the type of application, the market is divided into interior components, exterior components, structural & powertrain components, and others. Exterior components dominate this segment as the exterior has to be impact resistance, high tensile strength, chemical resistance, abrasion resistance, etc. to meet the vehicle manufacturing standards. The structural & powertrain components segment is growing at a high growth rate as the composites parts are substituting under-hood metallic parts to reduce weight and increase efficiency. By the type of end-user application, the market is bifurcated into passenger car, light commercial vehicle, and medium- & heavy-duty.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific holds the largest market share, owing to the presence of a large number of automobile ma manufacturers and strict emission norms which are forcing the manufacturers to shift to composites to reduce the weight and increase fuel efficiency. Europe is growing at a high growth rate, and it is the second-largest market. Some major automobile manufacturers are present in Europe, and stringent emission norms are the factors leading to the growth of this market in the region.
Some of the key players in the automotive composite market are Cytec Solvay Group, DowAksa, ACP Composites, Clear Water Composites, Johns Manville Corporation, Jushi Group Co. Ltd., Hexcel Corporation, HITCO Carbon Composites, Mitsubishi Rayon Co. Ltd., Revchem Composites, Rock West Composites, Owens Corning Corp., Polar Manufacturing, Protech Composites, Teijin Limited, Toho Tenax America, Scott Bader, SGL Group, Wolf Composites, Zoltek Carbon Fiber, and Toray Industries.
This study predicts revenue growth at global, national, and country levels from 2020 to 2027. This report has segmented the market based on below-mentioned segments:
Global Automotive Composite Market Analysis And Forecast, By The Type Of Product:
Global Automotive Composite Market Analysis And Forecast, By The Type Of Application:
Global Automotive Composite Market Analysis And Forecast, By The Type Of End User Application:
Global Automotive Composite Market Analysis And Forecast, By the type of regions:
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type of Product
4.3.2. Market Attractiveness Analysis By Type of Application
4.3.3. Market Attractiveness Analysis By Type of End User Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
6. Global Automotive Composite Market Analysis and Forecast, By Type of Product
6.1. Segment Overview
6.2. Polymer Matrix Composites
6.2.1. Glass Fiber Reinforced Polymer Composite
6.2.2. Natural Fiber Reinforced Polymer Composite
6.2.3. Carbon Fiber Reinforced Polymer Composite
6.3. Metal Matrix Composites
6.4. Ceramic Matrix Composites
7. Global Automotive Composite Market Analysis and Forecast, By Type of Application
7.1. Segment Overview
7.2. Interior Components
7.3. Exterior Components
7.4. Structural & Powertrain Components
7.5. Others
8. Global Automotive Composite Market Analysis and Forecast, By Type of End User Application
8.1. Segment Overview
8.2. Passenger car
8.3. Light commercial vehicle
8.4. Medium- & heavy-duty
9. Global Automotive Composite Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Automotive Composite Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Automotive Composite Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Cytec Solvay Group
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. DowAksa
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. ACP Composites
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Clear Water Composites
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Johns Manville Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Jushi Group Co. Ltd.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Hexcel Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. HITCO Carbon Composites
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Mitsubishi Rayon Co. Ltd
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Revchem Composites
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Rock West Composites
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Owens Corning Corp
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Polar Manufacturing
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Protech Composites
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Teijin Limited
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. Toho Tenax America
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Scott Bader
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. SGL Group
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. Wolf Composites
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
11.20. Zoltek Carbon Fiber
11.20.1. Business Overview
11.20.2. Company Snapshot
11.20.3. Company Market Share Analysis
11.20.4. Company Product Portfolio
11.20.5. Recent Developments
11.20.6. SWOT Analysis
11.21. Toray Industries.
11.21.1. Business Overview
11.21.2. Company Snapshot
11.21.3. Company Market Share Analysis
11.21.4. Company Product Portfolio
11.21.5. Recent Developments
11.21.6. SWOT Analysis
List of Table
1. Global Automotive Composite Market, By Type of Product , 2017–2027 (USD Billion)
2. Global Polymer Matrix Composites Automotive Composite Market, By Region, 2017–2027 (USD Billion)
3. Global Glass Fiber Reinforced Polymer Composite Polymer Matrix Composites Market, By Region, 2017–2027 (USD Billion)
4. Global Natural Fiber Reinforced Polymer Composite Polymer Composite Polymer Matrix Composites Market, By Region, 2017–2027 (USD Billion)
5. Global Carbon Fiber Reinforced Polymer Composite Polymer Matrix Composites Market, By Region, 2017–2027 (USD Billion)
6. Global Metal Matrix Composites Automotive Composite Electric Market, By Region, 2017–2027 (USD Billion)
7. Global Ceramic Matrix Composites Automotive Composite Electric Market, By Region, 2017–2027 (USD Billion)
8. Global Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
9. Global Interior Components, Automotive Composite Market, By Region, 2017–2027 (USD Billion)
10. Global Exterior Components, Automotive Composite Market, By Region, 2017–2027 (USD Billion)
11. Global Structural & Powertrain Components, Automotive Composite Market, By Region, 2017–2027 (USD Billion)
12. Global Others, Automotive Composite Market, By Region, 2017–2027 (USD Billion)
13. Global Automotive Composite Market, By Type of End User Application , 2017–2027 (USD Billion)
14. Global Passenger car, Automotive Composite Market, By Region, 2017–2027 (USD Billion)
15. Global Light commercial vehicle, Automotive Composite Market, By Region, 2017–2027 (USD Billion)
16. Global Medium- & heavy-duty, Automotive Composite Market, By Region, 2017–2027 (USD Billion)
17. Global Automotive Composite Market, By Region, 2017–2027 (USD Billion)
18. Global Automotive Composite Market, By North America, 2017–2027 (USD Billion)
19. North America Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
20. North America Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
21. North America Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
22. U.S. Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
23. U.S. Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
24. U.S. Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
25. Canada Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
26. Canada Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
27. Canada Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
28. Mexico Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
29. Mexico Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
30. Mexico Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
31. Europe Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
32. Europe Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
33. Europe Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
34. Germany Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
35. Germany Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
36. Germany Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
37. France Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
38. France Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
39. France Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
40. U.K Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
41. U.K Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
42. U.K Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
43. Italy Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
44. Italy Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
45. Italy Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
46. Spain Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
47. Spain Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
48. Spain Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
49. Asia Pacific Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
50. Asia Pacific Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
51. Asia Pacific Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
52. Japan Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
53. Japan Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
54. Japan Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
55. China Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
56. China Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
57. China Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
58. India Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
59. India Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
60. India Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
61. South America Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
62. South America Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
63. South America Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
64. Brazil Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
65. Brazil Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
66. Brazil Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
67. Middle East and Africa Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
68. Middle East and Africa Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
69. Middle East and Africa Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
70. UAE Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
71. UAE Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
72. UAE Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
73. South Africa Automotive Composite Market, By Type of Product, 2017–2027 (USD Billion)
74. South Africa Automotive Composite Market, By Type of Application, 2017–2027 (USD Billion)
75. South Africa Automotive Composite Market, By Type of End User Application, 2017–2027 (USD Billion)
List of Figures
1. Global Automotive Composite Market Segmentation
2. Automotive Composite Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Automotive Composite Market Attractiveness Analysis By Type of Product
9. Global Automotive Composite Market Attractiveness Analysis By Type of Application
10. Global Automotive Composite Market Attractiveness Analysis By Type of End User Application
11. Global Automotive Composite Market Attractiveness Analysis By Region
12. Global Automotive Composite Market: Dynamics
13. Global Automotive Composite Market Share By Type of Application (2020 & 2027)
14. Global Automotive Composite Market Share by Type of Product (2020 & 2027)
15. Global Automotive Composite Market Share by Type of End user Application (2020 & 2027)
16. Global Automotive Composite Market Share by Regions (2020 & 2027)
17. Global Automotive Composite Market Share by Company (2019)
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