Insights Presented in the Report:
The global automotive composites material market is segmented based on different materials such as Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Currently, PMCs are the most popular composite type among the automakers, as they have high flexibility, high insulation, lower density and lighter weight than other composite materials type.
Global automotive composites market is further segmented based on different manufacturing processes for the composite materials. This includes the following: Hand Lay Up, Compression Molding, Injection Molding, and Resin Transfer Molding (RTM). Injection Molding dominated the market in 2017 with a market value of $1.98 billion.
Based on several application areas, the global automotive composite materials market is segmented into Interior, Exterior, Chassis, and Powertrain & under the hood and Structural. Among different application areas, exterior segment dominated and the market, however because of stringent regulations on vehicle interior air quality, the demand of composites for vehicles interiors is expected to bolster during the forecast period.
The global automotive composite materials market is further segmented on the basis of different vehicle types, such as performance cars, passenger cars and other. Passenger cars segment dominated the automotive composites market in 2017, and is expected to dominate the market during the forecast period. The highest market value of passenger cars among the vehicle segment is attributed to the growing adoption of composites in light vehicles.
For better understanding of the market penetration of Global Automotive Composite Materials Market, the industry is analyzed based on geographies and countries including North America (the U.S., Canada, Mexico and rest of North America), Europe (Germany, France, the U.K., Russia, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Australia and rest of Asia-Pacific), Middle East and Africa (the UAE, Saudi Arabia, Algeria, Kuwait, Egypt, Qatar and rest of Middle East and Africa) and Latin America (Brazil, Argentina, Chile and Rest of Latin America). Due to the strong presence of several composite material manufacturers in countries such as China, Japan and India. Asia Pacific regions held the highest market share and was valued at $2.16 billion in 2017. Further, the stringent rules and regulations on GHG emissions in North America and Europe are anticipated to fuel the automotive composite market in both the regions.
Top Companies in the Composites Market
The major companies that are profiled in the study are BASF SE, DowDupont Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings Corporation, Owens Corning, SGL Group, Solvay SA, Teijin Limited and Toray Industries Inc. These industry players are entering into partnerships with auto OEMs to deploy cost efficient composite materials on the vehicles. Some of the key players are also expanding their businesses by setting up new plants or increasing their expenditure on R&D to develop cheaper manufacturing methods.
Reasons to buy the Report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts
The report presents a quick review of overall industry performance at one glance
The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
Examination of industry attractiveness with the help of Porter’s Five Forces analysis
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
The Global Automotive Composite Market can be customized to regional/country level or any other market segment. Besides this, understands that you may have your own business need, hence we also provide fully customized solutions to clients.