Market Overview:
The global composites in automotive market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for lightweight vehicles and rising awareness about the benefits of composites over traditional materials. In terms of type, polymer matrix composites (PMC) are expected to account for the majority share of the market in 2018. However, metal matrix composites (MMC) are projected to grow at a higher CAGR during the forecast period owing to their superior properties such as high strength-to-weight ratio and corrosion resistance. By application, passenger cars are expected to account for the majority share of the global composite in automotive market in 2018.
Product Definition:
Composites are materials made from two or more constituent materials with significantly different physical or chemical properties. The resulting material has characteristics that are different from the individual components.
Polymer Matrix Composites (PMC):
Polymer matrix composites (PMC) is a type of material that contains synthetic or natural fibers mixed with resin. The properties of the composite vary with the nature and type of polymer used in its production. Polymer matrix composites are widely used in automotive industry owing to their high strength, rigidity, lightweight and dimensional stability among others.
Metal Matrix Composites (MMC):
Metal matrix composites (MMC) are a group of materials that contain metal particles dispersed in a polymer matrix. The metal used can be either recycled or new, but the key aspect is to find an appropriate balance between stiffness and flexibility. MMC’s have been around for many years, but only recently has their commercial potential become apparent due to advancements in processing techniques and material science.
Application Insights:
The passenger car segment accounted for the largest share of over 50.0% in 2017 and is anticipated to maintain its lead over the forecast period. The growing demand for lightweight materials with superior properties such as impact resistance, high tensile strength, and good surface finish is expected to propel the product demand in this segment. In addition, rising consumer preference for sports cars equipped with better performance and styling is likely to boost industry growth further.
Regional Analysis:
Asia Pacific dominated the global composites in automotive market and accounted for over 45% of the total revenue share in 2016. The region is expected to continue its dominance over the forecast period, owing to increasing demand from developing countries such as India and China. In addition, rising disposable income coupled with growing consumer preference towards luxury vehicles is likely to drive growth across this region.
The Asia Pacific was followed by Europe which accounted for 24% of total revenue share in 2016 owing to stringent government regulations regarding carbon emissions coupled with increasing emphasis on fuel economy.
Growth Factors:
- Increasing demand for lightweight vehicles to improve fuel efficiency
- Rising demand for luxury and performance cars
- Growing popularity of electric and hybrid vehicles
- Stringent emission norms across the globe
- Development of new composite materials with better properties
Scope Of The Report
Report Attributes
Report Details
Report Title
Composites In Automotive Market Research Report
By Type
Polymer Matrix Composites (PMC), Metal Matrix Composites (MMC), Ceramic Matrix Composites (CMC)
By Application
Passenger Car, Commercial Vehicle
By Companies
BASF, DOW, Gurit, SGl group, Solvey Group, Mitsubishi Chemical Corporation, Hexcel, Teijin Limited, Toray, UFP Technologies, Huntsman, Advanced Composites Group, Scott Bader, ACP Composites, Clear Water Composites, HITCO Carbon Composites, Polar Manufacturing
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Composites In Automotive Market Report Segments:
The global Composites In Automotive market is segmented on the basis of:
Types
Polymer Matrix Composites (PMC), Metal Matrix Composites (MMC), Ceramic Matrix Composites (CMC)
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:
- BASF
- DOW
- Gurit
- SGl group
- Solvey Group
- Mitsubishi Chemical Corporation
- Hexcel
- Teijin Limited
- Toray
- UFP Technologies
- Huntsman
- Advanced Composites Group
- Scott Bader
- ACP Composites
- Clear Water Composites
- HITCO Carbon Composites
- Polar Manufacturing
Highlights of The Composites In Automotive 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:
- Polymer Matrix Composites (PMC)
- Metal Matrix Composites (MMC)
- Ceramic Matrix Composites (CMC)
- 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 Composites In Automotive 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.
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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?
Composites In Automotive is the use of composites in automotive products. Composites are materials that are made up of several different types of molecules, and they can be used to make products that are stronger, lighter, or more resistant to damage than traditional materials.
Some of the major players in the composites in automotive market are BASF, DOW, Gurit, SGl group, Solvey Group, Mitsubishi Chemical Corporation, Hexcel, Teijin Limited, Toray, UFP Technologies, Huntsman, Advanced Composites Group, Scott Bader, ACP Composites, Clear Water Composites, HITCO Carbon Composites, Polar Manufacturing.
The composites in automotive 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 Composites In Automotive 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 Composites In Automotive Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Composites In Automotive 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 Composites In Automotive 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 Composites In Automotive Market Size & Forecast, 2018-2028 4.5.1 Composites In Automotive Market Size and Y-o-Y Growth 4.5.2 Composites In Automotive Market Absolute $ Opportunity
Chapter 5 Global Composites In Automotive 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 Composites In Automotive Market Size Forecast by Type
5.2.1 Polymer Matrix Composites (PMC)
5.2.2 Metal Matrix Composites (MMC)
5.2.3 Ceramic Matrix Composites (CMC)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Composites In Automotive 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 Composites In Automotive 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 Composites In Automotive 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 Composites In Automotive 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 Composites In Automotive Analysis and Forecast
9.1 Introduction
9.2 North America Composites In Automotive 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 Composites In Automotive Market Size Forecast by Type
9.6.1 Polymer Matrix Composites (PMC)
9.6.2 Metal Matrix Composites (MMC)
9.6.3 Ceramic Matrix Composites (CMC)
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 Composites In Automotive 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 Composites In Automotive Analysis and Forecast
10.1 Introduction
10.2 Europe Composites In Automotive 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 Composites In Automotive Market Size Forecast by Type
10.6.1 Polymer Matrix Composites (PMC)
10.6.2 Metal Matrix Composites (MMC)
10.6.3 Ceramic Matrix Composites (CMC)
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 Composites In Automotive 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 Composites In Automotive Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Composites In Automotive 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 Composites In Automotive Market Size Forecast by Type
11.6.1 Polymer Matrix Composites (PMC)
11.6.2 Metal Matrix Composites (MMC)
11.6.3 Ceramic Matrix Composites (CMC)
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 Composites In Automotive 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 Composites In Automotive Analysis and Forecast
12.1 Introduction
12.2 Latin America Composites In Automotive 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 Composites In Automotive Market Size Forecast by Type
12.6.1 Polymer Matrix Composites (PMC)
12.6.2 Metal Matrix Composites (MMC)
12.6.3 Ceramic Matrix Composites (CMC)
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 Composites In Automotive 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) Composites In Automotive Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Composites In Automotive 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) Composites In Automotive Market Size Forecast by Type
13.6.1 Polymer Matrix Composites (PMC)
13.6.2 Metal Matrix Composites (MMC)
13.6.3 Ceramic Matrix Composites (CMC)
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) Composites In Automotive 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 Composites In Automotive Market: Competitive Dashboard
14.2 Global Composites In Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 DOW
14.3.3 Gurit
14.3.4 SGl group
14.3.5 Solvey Group
14.3.6 Mitsubishi Chemical Corporation
14.3.7 Hexcel
14.3.8 Teijin Limited
14.3.9 Toray
14.3.10 UFP Technologies
14.3.11 Huntsman
14.3.12 Advanced Composites Group
14.3.13 Scott Bader
14.3.14 ACP Composites
14.3.15 Clear Water Composites
14.3.16 HITCO Carbon Composites
14.3.17 Polar Manufacturing