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Growth Opportunities for Composites in the North American Automotive Market 2016-2021: Trends, Forecast, and Opportunity Analysis

  • ID: 4032006
  • Report
  • December 2016
  • Region: North America, United States
  • 165 pages
  • Lucintel
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The North American Automotive Composites Market is Expected to Reach an Estimated $3.5 Billion by 2021

Growth Opportunities for Composites in the North American Automotive Market: Trends, opportunities and forecast in this market to 2021 by application type (interior, exterior, power train, chassis, under the body systems, and others), resin group (PP composites, PBT composites, vinyl ester composites, polyester composites, PA composites, epoxy composites, phenolic composites, and other composites), material (SMC, BMC, LFT, SFT, GMT, Phenolic composites, PU composites, and other composites), fiber composite group (glass fiber composites, carbon fiber composites, and natural fiber composites), resin group (thermoset composites and thermoplastics composites) Country (US, Canada, and Mexico) in North America.

The future of the North American automotive composites market looks good with opportunities in various applications such as exterior, interior, power train system, chassis system, under body system, and others. The North American automotive composites market is expected to reach an estimated $3.5 billion by 2021 and it is forecast to grow at a CAGR of 6.0% from 2016 to 2021. The major drivers of growth for this market are increasing automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency and reduce greenhouse gas emissions. The US government has set new standards requiring light vehicles to achieve a Corporate Average Fuel Efficiency (CAFE) standard of 36.6 mpg by 2017 and 54.5 mpg by 2025. The federal proposal to improve CAFE standards serves as a major stimulus to incorporate lightweight materials such as composites.

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing penetration of thermoplastic and carbon composites. Strategic alliances between OEMs, carbon fiber and resin suppliers in the automotive industry are also the emerging trends.

A total of 84 figures/charts and 22 tables are provided in this 165-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure.

The study includes a forecast for the North American Automotive Composites market by application, by resin composites type, material type, by fiber composites type, by resin group type, and by country as follows:

By Application Type (Value ($M) and Volume (M lbs) from 2010 to 2021):

  •     Interior
  •     Exterior
  •     Under the body systems
  •     Chassis
  •     Power trains
  •     Others

By Resin Composite Type (Value ($M) and Volume (M lbs) from 2010 to 2021):

  •     Polypropylene (PP) Composites
  •     Polybutylene terephthalate (PBT) Composites
  •     Polyamide (PA) Composites
  •     Vinyl ester Composites
  •     Polyester Composites
  •     Phenolic Composites
  •     Other Composites

By Material Type (Value ($M) and Volume (M lbs) from 2010 to 2021):

  •     Sheet Molding Compound (SMC)
  •     Bulk Molding Compound (BMC)
  •     Glass Mat Thermoplastic (GMT)
  •     Short Fiber Thermoplastic (SFT)
  •     Long Fiber Thermoplastic (LFT)
  •     Continuous Fiber Thermoplastic (CFT)
  •     Phenolic Composites
  •     Polyurethane (PU) Composites
  •     Natural Fiber Composites
  •     Other composites

By Fiber Composite Type (Value ($M) and Volume (M lbs) from 2010 to 2021):

  •     Glass Fiber Composites
  •     Carbon Fiber Composites
  •     Natural Fiber Composites

By Resin Group Type (Value ($M) and Volume (M lbs) from 2010 to 2021):

  •     Thermoplastic Composites
  •     Thermosets Composites

By Country Type Volume (M lbs) shipment for 2015

  •     USA
  •     Mexico
  •     Canada

Continental Structural Plastics, IDI composites, DuPont, and Interplastic Corporation are among the major suppliers of composites in the North American automotive market.

On the basis of its comprehensive research, the author forecasts that the power train system is expected to be the largest market and chassis system are expected to show higher growth during the forecast period of 2016 to 2021.

Within the North American automotive composites market, sheet molding compound (SMC), bulk molding compound (BMC), glass mat thermoplastic (GMT), short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), continuous fiber thermoplastic (CFT), phenolic composites, polyurethane (PU) composites, natural fiber composites and other carbon thermoset composites are the major materials.

SFT is expected to remain the largest market by value and volume, mainly driven by small complex shaped components in under the hood applications.

By resin type, polypropylene (PA) composites are expected to remain the largest market by value and volume consumption. High resistance to abrasion, low friction characteristics, electrical resistance, heat resistance, and good chemical resistance are the properties which drive the PA composite demand in automotive.

This report answers following 10 key questions:

    Q.1. What are some of the most promising, high-growth in the market by application type ( interior, exterior, power train, chassis, under the body systems, and others), resin group (PP composites, PBT composites, vinyl ester composites, polyester composites, PA composites, epoxy composites, phenolic composites, and other composites), material (SMC, BMC, LFT, SFT, GMT, Phenolic composites, PU composites, and other composites), fiber composite group (glass fiber composites, carbon fiber composites, and natural fiber composites),resin group ( thermoset composites and thermoplastics composites) Country ( US, Canada, and Mexico) in North America?

    Q.2. Which product segments will grow at a faster pace and why?

    Q.3. What are the key factors affecting market dynamics? What are the drivers and challenges in the market?

    Q.4. What are the business risks and competitive threats in this market?

    Q.5. What are the emerging trends in this market and reasons behind them?

    Q.6. What are the changing demands of customers in the market?

    Q.7. What are the new developments in the market and which companies are leading these developments?

    Q.8. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

    Q.9. What are some of the competitive products in this area and how great a threat do they pose for loss of market share through product substitution?

    Q.10. What M&A activity has occurred in the last 5 years?

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 1. Executive Summary
 
2. North American Automotive Composites Market Background and Classifications
2.1: Introduction, Background and Classification
2.2: Supply Chain of the North American Automotive Composites Market
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis
3.1: Macroeconomic Trends and Forecast
3.2: Automotive Composites Market by Material Type

  •     Sheet Molding Compound (SMC)
  •     Bulk Molding Compound (BMC)
  •     Glass Mat Thermoplastic (GMT)
  •     Short Fiber Thermoplastic (SFT)
  •     Long Fiber Thermoplastic (LFT)
  •     Continuous Fiber Thermoplastic (CFT)
  •     Phenolic Composites
  •     Polyurethane (PU) Composites
  •     Natural Fiber Composites
  •     Other composites

3.3: Automotive Composites Market by Resin Type

  •     Polypropylene (PP) Composites
  •     Polybutylene terephthalate (PBT) Composites
  •     Polyamide (PA) Composites
  •     Vinyl ester Composites
  •     Polyester Composites
  •     Phenolic Composites
  •     Other Composites

3.4: Automotive Composites Market by Application

  •     Interior
  •     Exterior
  •     Under the body systems
  •     Chassis
  •     Power trains
  •     Others

3.5: Automotive Composites Market by Resin Group

  •     Thermoplastic Composites
  •     Thermosets Composites

3.6: Automotive Composites Market by Fiber Type

  •     Glass Fiber Composites
  •     Carbon Fiber Composites
  •     Natural Fiber Composites

4. Country Analysis
4.1: Shipment in North American Countries
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
 
6. Growth Opportunities & Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the North American Automotive Market by Material
6.1.2: Growth Opportunities for the North American Automotive Market by Application
6.1.3: Growth Opportunities for the North American Automotive Market by Resin Type
6.2: Emerging Trends in the North American Automotive Composites Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the North American Automotive Composites Market
6.3.3: Technology Development
6.3.4: Certification and Licensing
6.3.5: Mergers, Acquisitions and Joint Ventures in the North American Composites Market
 
7. Company Profiles of Leading Players
 
List of Figures
 
Chapter 2. North American Automotive Composites Market Background and Classifications
Figure 2.1 Classification of North America Automotive Market by Material
Figure 2.2 Classification of North America Automotive Market by Resin type
Figure 2.3 Classification of North America Automotive Market by Fiber type
Figure 2.4 Classification of North American Automotive Market by Resin group
Figure 2.5: Classification of North American Automotive Composites Market by Application
Figure 2.6: Interior Headliner
Figure 2.7: Load Floor and Trunk Separator
Figure 2.8: Instrument Panel
Figure 2.9: Door Module
Figure 2.10: Air Bag Housing
Figure 2.11: Automotive Underbody System
Figure 2.12: Bumper Beam
Figure 2.13: Front End Carrier (Including Bumper Beam and Other Accessories)
Figure 2.14: Automotive Running Board
Figure 2.15: Door Handle
Figure 2.16: Deck Lid
Figure 2.17: Carbon Fiber Hood of Corvette
Figure 2.18: Headlamp Reflectors
Figure 2.19: Auto Fenders
Figure 2.20: Composite Pickup Box/Bed
Figure 2.21: Air Intake Manifold
Figure 2.22: Air Cleaner Housing
Figure 2.23: Air Duct
Figure 2.24: Air Cleaner Housing
Figure 2.25: Engine Cover
Figure 2.26: Air Cleaner Housing
Figure 2.27: Heating and Cooling Systems
Figure 2.28: Automotive Connectors
Figure 2.29: Supply Chain of the North American Automotive Composites Market
Figure 2.30:  Major Drivers and Challenges for the automotive composites in North America
Figure: 2.31: Challenges of using composites
Figure: 2.32: Emerging trends
 
Chapter 3. Market Trends and Forecast Analysis
Figure 3.1: Trends of the Global GDP Growth Rate (Source: Lucintel)
Figure 3.2: Trends of the Regional GDP Growth Rate at Constant Price (Source: Lucintel)
Figure 3.3: Forecast for the Global GDP Growth Rate (Source: Lucintel)
Figure 3.4: Forecast for the Regional GDP Growth Rate (Source: Lucintel)
Figure 3.5: North American Light Vehicle Production (in Million Units) from 2010 to 2015 (Source: Lucintel)
Figure 3.6: North American Light Vehicle Production (in Million Units) from 2016 to 2021 (Source: Lucintel)
Figure 3.7:  North American Automotive Composites Market (M lbs) by Material Type in 2015
Figure 3.8: North American Automotive Composites Market ($M) by Material Type in 2015
Figure 3.9: Trends of the North American Automotive Composites Market (M lbs) by Material Type from 2010 to 2015
Figure 3.10: Trends of the North American Automotive Composites Market ($M) by Material Type from 2010 to 2015
Figure 3.11: Forecast for the North American Automotive Composites Market (M lbs) by Material Type from 2016 to 2021
Figure 3.12: Forecast for the North American Automotive Composites Market ($M) by Material Type from 2016 to 2021
Figure 3.13: North American Automotive Composites Market (M lbs) by Resin Type in 2015
Figure 3.14: North American Automotive Composites Market ($M) by Resin Type in 2015 (Total Market Size: 1,934.5 M)
Figure 3.15: Trends of the North American Automotive Composites Market (M lbs) by Resin Type from 2010 to 2015
Figure 3.16: Trends of the North American Automotive Composites Market ($M) by Resin Type from 2010 to 2015
Figure 3.17: Forecast for the North American Automotive Composites Market (M lbs) by Resin Type from 2016 to 2021
Figure 3.18: Forecast for the North American Automotive Composites Market ($M) by Resin Type from 2016 to 2021
Figure 3.19: North American Automotive Composites Market (M lbs) by Application in 2015
Figure 3.20: North American Automotive Composites Market ($M) by Application in 2015
Figure 3.21: Trends of the North American Automotive Composites Market (M lbs) by Application from 2010 to 2015
Figure 3.22: Trends of the North American Automotive Composites Market ($M) by Application from 2010 to 2015
Figure 3.23: Forecasts of the North American Automotive Composites Market (M lbs) by Application from 2010 to 2015
Figure 3.24: Forecast for the North American Automotive Composites Market ($M) by Application from 2016 to 2021
Figure 3.25: North American Automotive Composites Market (M lbs) by Resin Group in 2015
Figure 3.26: North American Automotive Composites Market ($M) by Resin Group in 2015
Figure 3.27: Trends of the North American Automotive Composites Market (M lbs) by Resin Group from 2010 to 2015
Figure 3.28: Trends of the North American Automotive Composites Market ($M) by Resin Group from 2010 to 2015
Figure 3.29: Forecast for the North American Automotive Composites Market (M lbs) by Resin Group from 2016 to 2021
Figure 3.30: Forecast for the North American Automotive Composites Market ($M) by Resin Group from 2016 to 2021
Figure 3.31: North American Automotive Composites Market (M lbs) by Fiber Type in 2015 (Total Market Size: 1,811.6 M lbs)
Figure 3.32: North American Automotive Composites Market ($M) by Fiber Type in 2015 (Total Market Size: 1,934.5 M)
Figure 3.33: Trends of the North American Automotive Composites Market (M lbs) by Fiber Type from 2010 to 2015
Figure 3.34: Trends of the North American Automotive Composites Market ($M) by Fiber Type from 2010 to 2015
Figure 3.35: Forecast for the North American Automotive Composites Market (M lbs) by Fiber Type from 2016 to 2021
Figure 3.36: Forecast for the North American Automotive Composites Market ($M) by Fiber Type from 2016 to 2021
 
Chapter 4. Country Analysis
Figure 4.1: Composites Distribution by Country of North American in 2015
Figure 4.2: Figure 4.2: Composites Shipment (M Ibs) in North American Country in 2015
 
Chapter 5. Competitor Analysis
Figure 5.1: Geographical Location of the Major Automotive Composites Manufacturers
Figure 5.2: Porter’s Five Forces Model for the North American Automotive Composites Market
 
Chapter 6. Growth Opportunities & Strategic Analysis
Figure 6.1: Growth Opportunities for North American Automotive Composites Market by Material from 2016 to 2021
Figure 6.2: Growth Opportunities for North American Automotive Composites Market by Application 2021
Figure 6.3: Growth Opportunities for the North American Automotive Composites Market by Resin Type 2021
Figure 6.4: Emerging trends in the North American Automotive Composites Market
 
Chapter 7. Company Profiles of Leading Players
Figure 7.1: Sales, Manufacturing and Research and Development sites of Polynt Composites in North America
Figure 7.2: Sales, Manufacturing and Research and Development sites of Lanxess in North America
Figure 7.3: Sales, Manufacturing and Research and Development sites of Dupont in North America
Figure 7.4: Sales, Manufacturing and Research and Development sites of BASF in North America
Figure 7.5: Sales, Manufacturing and Research and Development sites of Celanese in North America
Figure 7.6: Sales, Manufacturing and Research and Development sites of RTP in North America
Figure 7.7: Sales, Manufacturing and Research and Development sites of SABIC in North America
Figure 7.8: Sales, Manufacturing and Research and Development sites of Continental Structural Plastics in North America

List of Tables
 
Chapter 1. Executive Summary
Table 1.1: North American Automotive Market Parameters and Attributes – Materials Perspective
 
Chapter 3. Market Trends and Forecast Analysis
Table 3.1: Trends of North American Automotive Composites Market by Material type
Table 3.2: Forecast for North American Automotive Composites Market by Material type
Table 3.3: Trends of the North American Automotive Composites Market by Resin Type from 2010 to 2015
Table 3.4: Forecast for the North American Automotive Composites Market ($M and Mlbs) by Resin Type from 2016 to 2021
Table 3.5: Trends of the North American Automotive Composites Market by Application
Table 3.6: Forecast for the North American Automotive Composites Market by Application
Table 3.7 Trends of the North American Automotive Composites Market by Resin Group
Table 3.8: Forecasts of the North American Automotive Composites Market by Resin group
Table 3.9: Trends of the North American Automotive Composites Market by Fiber Type
Table 3.10: Forecast for the North American Automotive Composites Market by Fiber Type
 
Chapter 5. Competitor Analysis
Table 5.1: Product Mapping of Thermoset Composites Suppliers
Table 5.2: Product Mapping of Thermoplastics Composites Suppliers
Table 5.3: Product mapping of the top glass fiber companies that manufacture thermoset and thermoplastic composites
Table 5.4: Product mapping of the top carbon fiber companies that manufacture thermoset and thermoplastic composites
Table 5.5: Product mapping of the top resin companies
Table 5.6: Operational Integration of the North American Automotive composite market
Table 5.7: Operational Integration of the North American Automotive composite market
 
Chapter 6. Growth Opportunities & Strategic Analysis
Table 6.1: New Product Launches by Major Automotive Composite Manufacturers (2010-2015)
Table 6.2: New Material Launches by Major Automotive Composite Manufacturers (2010-2015)
Table 6.3: Technological Advancement in the North America Automotive Composites industry
Table 6.4: Certification and Licensing

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