Market Overview:
The global fiber reinforced body panels market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for lightweight and fuel-efficient vehicles. Fiber reinforced body panels are made up of high-strength fibers that provide better strength-to-weight ratio as compared to traditional metal body panels, which helps in reducing the overall weight of the vehicle. This, in turn, improves fuel efficiency and reduces emissions. Additionally, fiber reinforced body panels offer superior crash protection as they absorb more energy during a collision than traditional metal body panels.
Product Definition:
Fiber Reinforced Body Panels are panels made of fiber reinforced polymer matrix composites. They are used in the automotive and aerospace industries to replace traditional metal body panels. Fiber reinforced body panels are important because they are lighter and stronger than traditional metal body panels, which makes them more fuel efficient and safer.
Glass Fibers:
Glass fibers are thin fibers made from silica that is extracted from sand. Glass fiber reinforced body panels are used in various applications including shipbuilding, offshore drilling platforms, and wind turbine blades. The product is manufactured using a continuous process where molten glass collects on a conveyor belt and then gets collected in large bales. These bales are cut into pieces of required sizes before being fed into the reinforcement machine along with other raw materials such as yarns or ropes to obtain the final product.
Carbon Fibers:
Carbon fibers are carbon atoms bonded together in crystals to attain high strength-to-weight ratio. They are used in various industries including automotive, aerospace, and construction owing to their lightweight properties. The global fiber reinforced body panels market is expected to witness significant growth over the forecast period on account of increasing demand for light weight vehicles with enhanced safety features such as airbags and anti-lock braking systems (ABS).
Application Insights:
The passenger car application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of passenger cars in emerging economies including China, India, and Brazil on account of growing middle-class population that requires vehicles for daily use.
LCV segment held a significant share in 2017 owing to rising demand from countries such as India, Thailand, Indonesia, Malaysia among others due to high industrialization levels coupled with improving infrastructure has boosted product demand globally. LCVs are used for transporting goods within warehouses and distribution centers thereby promoting the product demand globally over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth is majorly attributed to the presence of key players such as Nippon Carbon, Inc., and Coventya Corporation that are involved in extensive research & development activities for developing advanced products. In addition, increasing demand for lightweight vehicles is expected to propel industry expansion over the forecast period.
Asia Pacific region is anticipated to witness significant growth over the next eight years owing to rising product demand from various end-use industries such as automotive and transportation which includes buses, trucks, and ambulances among others.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Growing automotive industry in developing countries
- Rising consumer preference for luxury and comfort features in vehicles
- Technological advancements in fiber reinforced body panels manufacturing process
- Stringent government regulations on vehicle emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Fiber Reinforced Body Panels Market Research Report
By Type
Glass Fibers, Carbon Fibers, Natural Fibers
By Application
Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
By Companies
Covestro, Toray Industries, Dow Chemical Company, Teijin Limited, Cytec Solvay Group, SGL Group, Koninklijke Ten Cate NVÂ , Fiber-Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Fiber Reinforced Body Panels Market Report Segments:
The global Fiber Reinforced Body Panels market is segmented on the basis of:
Types
Glass Fibers, Carbon Fibers, Natural Fibers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Covestro
- Toray Industries
- Dow Chemical Company
- Teijin Limited
- Cytec Solvay Group
- SGL Group
- Koninklijke Ten Cate NVÂ
- Fiber-Tech
Highlights of The Fiber Reinforced Body Panels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Fibers
- Carbon Fibers
- Natural Fibers
- By Application:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fiber Reinforced Body Panels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fiber reinforced body panels are a type of body paneling that is made from fiber-reinforced plastic. This type of paneling is used to increase the strength and stiffness of a vehicle's exterior. Fiber reinforced body panels are also often used in place of traditional metal sheeting in order to reduce weight and improve fuel efficiency.
Some of the key players operating in the fiber reinforced body panels market are Covestro, Toray Industries, Dow Chemical Company, Teijin Limited, Cytec Solvay Group, SGL Group, Koninklijke Ten Cate NV‚Â , Fiber-Tech.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fiber Reinforced Body Panels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fiber Reinforced Body Panels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fiber Reinforced Body Panels Market - Supply Chain
4.5. Global Fiber Reinforced Body Panels Market Forecast
4.5.1. Fiber Reinforced Body Panels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fiber Reinforced Body Panels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fiber Reinforced Body Panels Market Absolute $ Opportunity
5. Global Fiber Reinforced Body Panels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fiber Reinforced Body Panels Market Size and Volume Forecast by Type
5.3.1. Glass Fibers
5.3.2. Carbon Fibers
5.3.3. Natural Fibers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fiber Reinforced Body Panels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fiber Reinforced Body Panels Market Size and Volume Forecast by Application
6.3.1. Passenger Car
6.3.2. Light Commercial Vehicle (LCV)
6.3.3. Heavy Commercial Vehicle (HCV)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fiber Reinforced Body Panels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fiber Reinforced Body Panels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fiber Reinforced Body Panels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fiber Reinforced Body Panels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fiber Reinforced Body Panels Demand Share Forecast, 2019-2026
9. North America Fiber Reinforced Body Panels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fiber Reinforced Body Panels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fiber Reinforced Body Panels Market Size and Volume Forecast by Application
9.4.1. Passenger Car
9.4.2. Light Commercial Vehicle (LCV)
9.4.3. Heavy Commercial Vehicle (HCV)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fiber Reinforced Body Panels Market Size and Volume Forecast by Type
9.7.1. Glass Fibers
9.7.2. Carbon Fibers
9.7.3. Natural Fibers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fiber Reinforced Body Panels Demand Share Forecast, 2019-2026
10. Latin America Fiber Reinforced Body Panels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fiber Reinforced Body Panels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fiber Reinforced Body Panels Market Size and Volume Forecast by Application
10.4.1. Passenger Car
10.4.2. Light Commercial Vehicle (LCV)
10.4.3. Heavy Commercial Vehicle (HCV)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fiber Reinforced Body Panels Market Size and Volume Forecast by Type
10.7.1. Glass Fibers
10.7.2. Carbon Fibers
10.7.3. Natural Fibers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fiber Reinforced Body Panels Demand Share Forecast, 2019-2026
11. Europe Fiber Reinforced Body Panels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fiber Reinforced Body Panels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fiber Reinforced Body Panels Market Size and Volume Forecast by Application
11.4.1. Passenger Car
11.4.2. Light Commercial Vehicle (LCV)
11.4.3. Heavy Commercial Vehicle (HCV)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fiber Reinforced Body Panels Market Size and Volume Forecast by Type
11.7.1. Glass Fibers
11.7.2. Carbon Fibers
11.7.3.Natural Fibers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fiber Reinforced Body Panels Demand Share, 2019-2026
12. Asia Pacific Fiber Reinforced Body Panels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fiber Reinforced Body Panels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fiber Reinforced Body Panels Market Size and Volume Forecast by Application
12.4.1. Passenger Car
12.4.2. Light Commercial Vehicle (LCV)
12.4.3. Heavy Commercial Vehicle (HCV)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fiber Reinforced Body Panels Market Size and Volume Forecast by Type
12.7.1. Glass Fibers
12.7.2. Carbon Fibers
12.7.3. Natural Fibers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fiber Reinforced Body Panels Demand Share, 2019-2026
13. Middle East & Africa Fiber Reinforced Body Panels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fiber Reinforced Body Panels Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fiber Reinforced Body Panels Market Size and Volume Forecast by Application
13.4.1. Passenger Car
13.4.2. Light Commercial Vehicle (LCV)
13.4.3. Heavy Commercial Vehicle (HCV)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fiber Reinforced Body Panels Market Size and Volume Forecast by Type
13.7.1. Glass Fibers
13.7.2. Carbon Fibers
13.7.3. Natural Fibers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fiber Reinforced Body Panels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fiber Reinforced Body Panels Market: Market Share Analysis
14.2. Fiber Reinforced Body Panels Distributors and Customers
14.3. Fiber Reinforced Body Panels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Covestro
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Toray Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dow Chemical Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Teijin Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cytec Solvay Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SGL Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koninklijke Ten Cate NV
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fiber-Tech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
