Market Overview:
The global automotive polymer matrix composites market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and fuel-efficient vehicles. In addition, the increasing penetration of polymer matrix composites in passenger cars and commercial vehicles is also contributing to the growth of this market. Based on type, polycarbonates are expected to account for a major share of the global automotive polymer matrix composites market during the forecast period. This can be attributed to their high strength-to-weight ratio and excellent thermal resistance properties.
Product Definition:
An automotive polymer matrix composite (APMC) is a type of advanced composite material that is used extensively in the automotive industry. It typically consists of a reinforcing fiber, such as carbon fiber or glass fiber, embedded in a polymer matrix. The resulting material is lightweight and strong, making it ideal for use in vehicle construction.
Polycarbonates:
Polycarbonates are thermoplastic elastomers that are manufactured from carbon and hydrogen. They have applications in various industries such as automotive, construction, consumer goods, electronics & electrical and industrial manufacturing. Polycarbonate resin is used to manufacture automotive parts such as exterior body panels (exterior trims), interior trim components (intelligent lighting control module) and under the hood components like engine covers or motor mounts).
Polypropylenes:
Polypropylenes (PP) is a widely used thermoplastic polymer in the automotive industry. It is produced from propylene and adds with high heat resistance, excellent impact strength, and good processability to the final product. PP composites are gaining popularity over other conventional materials owing to their lightweight property which helps in improving fuel efficiency by reducing vehicle’s weight. Polypropylene composite parts have low density compared to steel & aluminum thereby increasing fuel efficiency by approximately 7%.
Application Insights:
Passenger car application dominated the overall market in terms of revenue share at over 60.0% in 2017. The segment is expected to witness significant growth on account of increasing demand for passenger cars as a result of rapid urbanization, rising disposable income and changing lifestyles among other factors.
Commercial vehicle application is also estimated to grow at a lucrative CAGR during the forecast period owing to increasing government spending on infrastructure projects such as roads, railways and airports which are likely to increase product demand globally over the coming years.
Regional Analysis:
Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth owing to increasing demand from key application sectors, including passenger cars and commercial vehicles. This can be attributed to rising disposable income coupled with growing population, which has resulted in an increased demand for automobiles.
The presence of major automobile manufacturers such as Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Mazda Japan Automobile Inc.; Suzuki Motor Corporation; Hyundai Mobis, Co., Ltd.; Tata Motors Limited; Volkswagen Group GmbH; Skoda Auto Czech Republic a.s. And many more are investing heavily in this region due to low production costs and easy availability of raw materials & components along with supportive government policies regarding FDI/MNCs etc.). These factors are expected to drive the market over the forecast period.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for lightweight vehicles to improve fuel efficiency is expected to drive the growth of automotive polymer matrix composites market.
- Rising demand for luxury and sports cars is also anticipated to boost the market growth.
- Growing popularity of electric and hybrid vehicles is projected to create new opportunities for automotive polymer matrix composites market in the near future.
- Stringent government regulations regarding emissions are likely to propel the use of automotive polymer matrix composites in automobiles worldwide over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Polymer Matrix Composites Market Research Report
By Type
Polycarbonates, Polypropylenes, Polyamides, Other
By Application
Passenger Car, Commercial Vehicle
By Companies
Hexcel Corporation, Toray Industries, Hexagon Composites, TPI Composites, Inc., Owens Corning, Teijin Limited, Cytec Industries, Hexcel, DuPont, Owens Corning, Mitsubishi Rayon, Solvay, TPI Composites, SGL Carbon
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Polymer Matrix Composites Market Report Segments:
The global Automotive Polymer Matrix Composites market is segmented on the basis of:
Types
Polycarbonates, Polypropylenes, Polyamides, Other
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, Commercial Vehicle
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:
- Hexcel Corporation
- Toray Industries
- Hexagon Composites
- TPI Composites, Inc.
- Owens Corning
- Teijin Limited
- Cytec Industries
- Hexcel
- DuPont
- Owens Corning
- Mitsubishi Rayon
- Solvay
- TPI Composites
- SGL Carbon
Highlights of The Automotive Polymer Matrix Composites 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:
- Polycarbonates
- Polypropylenes
- Polyamides
- Other
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Automotive Polymer Matrix Composites 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?
Automotive polymer matrix composites are a type of composite material that is used in the construction of vehicles. They are made up of small pieces of plastic or other materials that are bonded together to create a stronger and more durable product. This technology has been used in cars for years, but it is becoming increasingly popular in the aviation industry as well.
Some of the major players in the automotive polymer matrix composites market are Hexcel Corporation, Toray Industries, Hexagon Composites, TPI Composites, Inc., Owens Corning, Teijin Limited, Cytec Industries, Hexcel, DuPont, Owens Corning, Mitsubishi Rayon, Solvay, TPI Composites, SGL Carbon.
The automotive polymer matrix composites market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Polymer Matrix Composites Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Polymer Matrix Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Polymer Matrix Composites Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Polymer Matrix Composites Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Polymer Matrix Composites Market Size & Forecast, 2020-2028
4.5.1 Automotive Polymer Matrix Composites Market Size and Y-o-Y Growth
4.5.2 Automotive Polymer Matrix Composites Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polycarbonates
5.2.2 Polypropylenes
5.2.3 Polyamides
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Polymer Matrix Composites Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Polymer Matrix Composites Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polycarbonates
9.6.2 Polypropylenes
9.6.3 Polyamides
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polycarbonates
10.6.2 Polypropylenes
10.6.3 Polyamides
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polycarbonates
11.6.2 Polypropylenes
11.6.3 Polyamides
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polycarbonates
12.6.2 Polypropylenes
12.6.3 Polyamides
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polycarbonates
13.6.2 Polypropylenes
13.6.3 Polyamides
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Polymer Matrix Composites Market: Competitive Dashboard
14.2 Global Automotive Polymer Matrix Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexcel Corporation
14.3.2 Toray Industries
14.3.3 Hexagon Composites
14.3.4 TPI Composites, Inc.
14.3.5 Owens Corning
14.3.6 Teijin Limited
14.3.7 Cytec Industries
14.3.8 Hexcel
14.3.9 DuPont
14.3.10 Owens Corning
14.3.11 Mitsubishi Rayon
14.3.12 Solvay
14.3.13 TPI Composites
14.3.14 SGL Carbon
