Product Code: A09125
The global automotive composite market was valued at $7.4 billion in 2022 and is estimated to reach $16.4 billion by 2032, exhibiting a CAGR of 8.3% from 2023 to 2032.
Automotive composites are advanced materials used in vehicles, blending various components such as carbon or glass fibers with resin matrix. These composites offer superior strength-to-weight ratios as compared to traditional materials such as steel or aluminum. Employed in body panels, chassis, and structural elements, they enhance performance, durability, and safety. By reducing weight and increasing stiffness, automotive composites contribute to improved fuel efficiency and lower emissions, aligning with industry goals for sustainability and environmental responsibility. Their versatility allows for innovative design solutions, fostering the development of next-generation vehicles that prioritize efficiency, safety, and eco-friendliness in an increasingly competitive automotive landscape.
Sustainability has emerged as a key driver influencing the selection and development of materials in the wearable Technological advancements and material innovations have played a pivotal role in expanding the capabilities and applicability of automotive composites. Through continuous research and development, engineers and scientists have pushed the boundaries of composite materials, enhancing their mechanical properties, durability, and manufacturability. Advanced manufacturing processes, such as automated layup techniques and additive manufacturing, have streamlined production processes and lowered costs, making composites more accessible to automakers. Furthermore, the integration of nanotechnology and smart materials holds immense promise for unlocking new functionalities and performance enhancements in automotive composites. As innovation continues to drive the evolution of composite materials, their adoption across diverse automotive applications is poised to accelerate.
Furthermore, design flexibility and aesthetics represent key differentiators for automotive composites, offering designers unprecedented freedom to create visually striking and aerodynamically efficient vehicles. The ability to mold composites into complex shapes and integrate unique design elements has enabled automakers to differentiate their products and enhance brand identity. Moreover, composites allow for the integration of functional features, such as aerodynamic enhancements and structural reinforcements, without compromising design aesthetics. As consumer preferences gravitate towards distinctive and personalized vehicles, the design flexibility offered by composites will play a pivotal role in shaping future automotive design trends.
However, while composites offer superior design flexibility as compared to metals, they also present unique challenges in terms of design and engineering. Integrating composites into vehicle structures requires advanced design and simulation tools to optimize material usage and ensure structural integrity. Moreover, composites behave differently under various loading conditions as compared to metals, necessitating specialized engineering expertise for effective design solutions. Lack of standardized design guidelines and testing protocols for automotive composites further complicates the design process and increases development lead times.
On the contrary, emerging economies represent untapped potential for the automotive composites market, driven by rise in disposable incomes, urbanization, and infrastructural developments. As these regions experience growing demand for automobiles, there exists a significant opportunity to introduce lightweight composite materials into vehicle manufacturing processes. Collaborating with local automotive manufacturers and investing in infrastructure development can enable composite material suppliers to penetrate emerging markets and capitalize on the burgeoning automotive industry in these regions.
The global automotive composites market profiles leading players that include Toray Industries, Inc., SGL Carbon SE, Teijin Limited, Hexcel Corporation, Owens Corning, Mitsubishi Chemical Holdings Corporation, Gurit Holding AG, Solvay S.A., TenCate Advanced Composites, and Huntsman Corporation.
The global automotive composites market profiles leading players such as Toray Industries, Inc., SGL Carbon SE, Teijin Limited, Hexcel Corporation, Owens Corning, Mitsubishi Chemical Holdings Corporation, Gurit Holding AG, Solvay S.A., TenCate Advanced Composites, and Huntsman Corporation.
Other key players involved in the manufacturing of automotive composites include Magna, Mar-Bal, Plasan, UFP Technologies, Base Group, 3B Fiberglass, Delphi Auto, and others. The global automotive composites market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive composites market analysis from 2022 to 2032 to identify the prevailing automotive composites market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive composites market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive composites market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Manufacturing Capacity
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Patient/epidemiology data at country, region, global level
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Expanded list for Company Profiles
- Historic market data
- Import Export Analysis/Data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Fiber Type
- Glass Fiber
- Carbon Fiber
- Others
By Resin Type
By Application
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- TORAY INDUSTRIES, INC.
- SGL Carbon SE
- Teijin Limited
- TEIJIN LIMITED.
- Hexcel Corporation
- Owens Corning
- Mitsubishi Chemical Holdings Corporation
- Gurit Holding AG
- Solvay S.A.
- TenCate Advanced Composites
- Huntsman Corporation
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. Value Chain Analysis
- 3.6. Pricing Analysis
- 3.7. Key Regulation Analysis
- 3.8. Patent Landscape
CHAPTER 4: AUTOMOTIVE COMPOSITES MARKET, BY FIBER TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Glass Fiber
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Carbon Fiber
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Others
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: AUTOMOTIVE COMPOSITES MARKET, BY RESIN TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Thermoset
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Thermoplastic
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: AUTOMOTIVE COMPOSITES MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Exterior
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Interior
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Others
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: AUTOMOTIVE COMPOSITES MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Fiber Type
- 7.2.3. Market size and forecast, by Resin Type
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Fiber Type
- 7.2.5.1.2. Market size and forecast, by Resin Type
- 7.2.5.1.3. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Fiber Type
- 7.2.5.2.2. Market size and forecast, by Resin Type
- 7.2.5.2.3. Market size and forecast, by Application
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Fiber Type
- 7.2.5.3.2. Market size and forecast, by Resin Type
- 7.2.5.3.3. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Fiber Type
- 7.3.3. Market size and forecast, by Resin Type
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Fiber Type
- 7.3.5.1.2. Market size and forecast, by Resin Type
- 7.3.5.1.3. Market size and forecast, by Application
- 7.3.5.2. UK
- 7.3.5.2.1. Market size and forecast, by Fiber Type
- 7.3.5.2.2. Market size and forecast, by Resin Type
- 7.3.5.2.3. Market size and forecast, by Application
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Fiber Type
- 7.3.5.3.2. Market size and forecast, by Resin Type
- 7.3.5.3.3. Market size and forecast, by Application
- 7.3.5.4. Spain
- 7.3.5.4.1. Market size and forecast, by Fiber Type
- 7.3.5.4.2. Market size and forecast, by Resin Type
- 7.3.5.4.3. Market size and forecast, by Application
- 7.3.5.5. Italy
- 7.3.5.5.1. Market size and forecast, by Fiber Type
- 7.3.5.5.2. Market size and forecast, by Resin Type
- 7.3.5.5.3. Market size and forecast, by Application
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Fiber Type
- 7.3.5.6.2. Market size and forecast, by Resin Type
- 7.3.5.6.3. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Fiber Type
- 7.4.3. Market size and forecast, by Resin Type
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Fiber Type
- 7.4.5.1.2. Market size and forecast, by Resin Type
- 7.4.5.1.3. Market size and forecast, by Application
- 7.4.5.2. India
- 7.4.5.2.1. Market size and forecast, by Fiber Type
- 7.4.5.2.2. Market size and forecast, by Resin Type
- 7.4.5.2.3. Market size and forecast, by Application
- 7.4.5.3. Japan
- 7.4.5.3.1. Market size and forecast, by Fiber Type
- 7.4.5.3.2. Market size and forecast, by Resin Type
- 7.4.5.3.3. Market size and forecast, by Application
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Fiber Type
- 7.4.5.4.2. Market size and forecast, by Resin Type
- 7.4.5.4.3. Market size and forecast, by Application
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Fiber Type
- 7.4.5.5.2. Market size and forecast, by Resin Type
- 7.4.5.5.3. Market size and forecast, by Application
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Fiber Type
- 7.4.5.6.2. Market size and forecast, by Resin Type
- 7.4.5.6.3. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Fiber Type
- 7.5.3. Market size and forecast, by Resin Type
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Fiber Type
- 7.5.5.1.2. Market size and forecast, by Resin Type
- 7.5.5.1.3. Market size and forecast, by Application
- 7.5.5.2. Saudi Arabia
- 7.5.5.2.1. Market size and forecast, by Fiber Type
- 7.5.5.2.2. Market size and forecast, by Resin Type
- 7.5.5.2.3. Market size and forecast, by Application
- 7.5.5.3. South Africa
- 7.5.5.3.1. Market size and forecast, by Fiber Type
- 7.5.5.3.2. Market size and forecast, by Resin Type
- 7.5.5.3.3. Market size and forecast, by Application
- 7.5.5.4. Rest of LAMEA
- 7.5.5.4.1. Market size and forecast, by Fiber Type
- 7.5.5.4.2. Market size and forecast, by Resin Type
- 7.5.5.4.3. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. TORAY INDUSTRIES, INC.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. SGL Carbon SE
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Teijin Limited
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. TEIJIN LIMITED.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Hexcel Corporation
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Owens Corning
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Mitsubishi Chemical Holdings Corporation
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
- 9.8. Gurit Holding AG
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Solvay S.A.
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. TenCate Advanced Composites
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments
- 9.11. Huntsman Corporation
- 9.11.1. Company overview
- 9.11.2. Key executives
- 9.11.3. Company snapshot
- 9.11.4. Operating business segments
- 9.11.5. Product portfolio
- 9.11.6. Business performance
- 9.11.7. Key strategic moves and developments