Market Overview:
The global glass fiber in automotive composites 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 market growth can be attributed to the increasing demand for lightweight vehicles and rising awareness about the benefits of using glass fiber composites over traditional materials such as steel and aluminum. This can be attributed to its high strength-to-weight ratio, superior thermal insulation properties, and ease of processing. BulkMoldingCompound(BMC) is also anticipated to witness significant growth due its ability to provide excellent dimensional stability along with good impact resistance. Passenger cars are expected to account for a majority share of the global glass fiber in automotive composites market by application during the forecast period.
Product Definition:
Glass fiber is a long, thin strand of glass that is used as a reinforcing agent in composites. Glass fiber can be used to reinforce plastic and metal parts, making them stronger and more durable. In automotive applications, glass fiber is often used to reinforce body panels, doorframes, and other structural components. The use of glass fiber can help to reduce weight and improve fuel economy.
SheetMoldingCompound(SMC):
Sheet molding compound is a thermosetting plastic material that is compounded with fibers to form a thermoplastic composite. It has superior properties such as high strength, stiffness, temperature resistance and wear resistance. The most important factor that differentiates sheet molding compounds from other fiber composites used in the automotive industry is its ability to be injection molded at room temperature without the need for pre-dying or preheating the material.
BulkMoldingCompound(BMC):
BMC is a type of plastic that can be used to mold into various shapes and sizes. It has high flexibility, low thermal expansion, and good surface finish. BMC is available in two forms including injection molded and cast. The properties of the compound depend on the way it is manufactured as well as on its application areas.
Application Insights:
The passenger car segment led the market and accounted for more than 70.0% share of the global revenue in 2017. The demand for lightweight materials in this application is primarily driven by rising disposable income levels, especially in emerging markets such as China, India and Brazil. In addition, increasing penetration of social media has played a major role in promoting automotive brands which ultimately increases the sales volumes of passenger cars. This trend is expected to continue over the forecast period thereby driving growth over the coming years.
Commercial vehicles are expected to witness significant growth on account of increasing utilization of commercial vehicles for logistics purposes across various end-use industries including food & beverage and healthcare among others which require heavy-duty trucks with high payload capacities coupled with longer ranges between refuelling stations owing to increased size capacity loads carried by these trucks respectively driving demand over time (see figure below).
Regional Analysis:
North America dominated the global glass fiber in automotive composites market with a revenue share of over 35% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for lightweight and more fuel-efficient vehicles, coupled with stringent CAFE standards.
The European market is anticipated to grow at a CAGR of XX% from 2018 to 2030 due to rising investments by companies such as BMW, Audi, Volkswagen Group and Ford Motor Company for developing advanced automotive products that are more lightweight and efficient. Moreover, favorable government regulations regarding energy efficiency are also expected to drive industry growth over the coming years.
Asia Pacific was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising awareness about the benefits of glass fiber composites in automotive applications
- Growing popularity of composite materials in luxury cars and sports cars
- Technological advancements that are making glass fiber composites more affordable and easier to use
- The increasing number of collaborations between automakers and glass fiber suppliers
Scope Of The Report
Report Attributes
Report Details
Report Title
Glass Fiber in Automotive Composites Market Research Report
By Type
SheetMoldingCompound(SMC), BulkMoldingCompound(BMC), GlassMatThermoplastic(GMT), ShortFiberThermoplastic(SFT), LongFiberThermoplastic(LFT), ContinuousFiberThermoplastic(CFT), PhenolicMoldingCompound(PMC), Others
By Application
Passenger Car, Commercial Vehicle
By Companies
CPIC, Johns Manville, Jushi Group, Lanxess, Owens Corning
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Glass Fiber in Automotive Composites Market Report Segments:
The global Glass Fiber in Automotive Composites market is segmented on the basis of:
Types
SheetMoldingCompound(SMC), BulkMoldingCompound(BMC), GlassMatThermoplastic(GMT), ShortFiberThermoplastic(SFT), LongFiberThermoplastic(LFT), ContinuousFiberThermoplastic(CFT), PhenolicMoldingCompound(PMC), Others
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:
- CPIC
- Johns Manville
- Jushi Group
- Lanxess
- Owens Corning
Highlights of The Glass Fiber in Automotive 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:
- SheetMoldingCompound(SMC)
- BulkMoldingCompound(BMC)
- GlassMatThermoplastic(GMT)
- ShortFiberThermoplastic(SFT)
- LongFiberThermoplastic(LFT)
- ContinuousFiberThermoplastic(CFT)
- PhenolicMoldingCompound(PMC)
- Others
- 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 Glass Fiber in Automotive 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.
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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?
Glass fiber is a type of fiber that is made from glass. It is often used in automotive composites because it has a high strength and low weight. Glass fibers are also resistant to heat and chemicals, which makes them ideal for use in automotive applications.
Some of the key players operating in the glass fiber in automotive composites market are CPIC, Johns Manville, Jushi Group, Lanxess, Owens Corning.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glass Fiber in Automotive 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 Glass Fiber in Automotive Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glass Fiber in Automotive 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 Glass Fiber in Automotive 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 Glass Fiber in Automotive Composites Market Size & Forecast, 2018-2028
4.5.1 Glass Fiber in Automotive Composites Market Size and Y-o-Y Growth
4.5.2 Glass Fiber in Automotive Composites Market Absolute $ Opportunity
Chapter 5 Global Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites Market Size Forecast by Type
5.2.1 SheetMoldingCompound(SMC)
5.2.2 BulkMoldingCompound(BMC)
5.2.3 GlassMatThermoplastic(GMT)
5.2.4 ShortFiberThermoplastic(SFT)
5.2.5 LongFiberThermoplastic(LFT)
5.2.6 ContinuousFiberThermoplastic(CFT)
5.2.7 PhenolicMoldingCompound(PMC)
5.2.8 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive 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 Glass Fiber in Automotive 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 Glass Fiber in Automotive Composites Analysis and Forecast
9.1 Introduction
9.2 North America Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites Market Size Forecast by Type
9.6.1 SheetMoldingCompound(SMC)
9.6.2 BulkMoldingCompound(BMC)
9.6.3 GlassMatThermoplastic(GMT)
9.6.4 ShortFiberThermoplastic(SFT)
9.6.5 LongFiberThermoplastic(LFT)
9.6.6 ContinuousFiberThermoplastic(CFT)
9.6.7 PhenolicMoldingCompound(PMC)
9.6.8 Others
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 Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites Analysis and Forecast
10.1 Introduction
10.2 Europe Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites Market Size Forecast by Type
10.6.1 SheetMoldingCompound(SMC)
10.6.2 BulkMoldingCompound(BMC)
10.6.3 GlassMatThermoplastic(GMT)
10.6.4 ShortFiberThermoplastic(SFT)
10.6.5 LongFiberThermoplastic(LFT)
10.6.6 ContinuousFiberThermoplastic(CFT)
10.6.7 PhenolicMoldingCompound(PMC)
10.6.8 Others
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 Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites Market Size Forecast by Type
11.6.1 SheetMoldingCompound(SMC)
11.6.2 BulkMoldingCompound(BMC)
11.6.3 GlassMatThermoplastic(GMT)
11.6.4 ShortFiberThermoplastic(SFT)
11.6.5 LongFiberThermoplastic(LFT)
11.6.6 ContinuousFiberThermoplastic(CFT)
11.6.7 PhenolicMoldingCompound(PMC)
11.6.8 Others
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 Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites Analysis and Forecast
12.1 Introduction
12.2 Latin America Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites Market Size Forecast by Type
12.6.1 SheetMoldingCompound(SMC)
12.6.2 BulkMoldingCompound(BMC)
12.6.3 GlassMatThermoplastic(GMT)
12.6.4 ShortFiberThermoplastic(SFT)
12.6.5 LongFiberThermoplastic(LFT)
12.6.6 ContinuousFiberThermoplastic(CFT)
12.6.7 PhenolicMoldingCompound(PMC)
12.6.8 Others
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 Glass Fiber in Automotive Composites 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) Glass Fiber in Automotive Composites Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Glass Fiber in Automotive Composites 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) Glass Fiber in Automotive Composites Market Size Forecast by Type
13.6.1 SheetMoldingCompound(SMC)
13.6.2 BulkMoldingCompound(BMC)
13.6.3 GlassMatThermoplastic(GMT)
13.6.4 ShortFiberThermoplastic(SFT)
13.6.5 LongFiberThermoplastic(LFT)
13.6.6 ContinuousFiberThermoplastic(CFT)
13.6.7 PhenolicMoldingCompound(PMC)
13.6.8 Others
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) Glass Fiber in Automotive Composites 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 Glass Fiber in Automotive Composites Market: Competitive Dashboard
14.2 Global Glass Fiber in Automotive Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CPIC
14.3.2 Johns Manville
14.3.3 Jushi Group
14.3.4 Lanxess
14.3.5 Owens Corning
