The Global Automotive Plastics and Composites Market—Insights and Trends

  • ID: 3608204
  • Report
  • Region: Global
  • 133 Pages
  • Frost & Sullivan
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Vehicle Lightweighting with Plastics and Composites Benefits Regulatory Compliance, Fuel Efficiency, and Cost Savings
This market insight is based on the premise that lightweighting through the use of plastics and composites in automotive vehicles will help meet global standards, improve fuel use, and, ultimately, cut costs. Discussions cover the impact of Mega Trends; industry challenges; market drivers, restraints, and trends; the value chain; and industry competition. Separate chapters explore the automotive plastics market (by resin types, thermosets, thermoplastics, and high performance polymers) and the automotive composites market (thermosets, thermoplastics). Volume and revenue forecasts span 2015 (base year) through 2022. Finally, insights are provided on opportunities for resins, plastics, and composites suppliers within the automotive industry.

Key Findings

- Under-the-hood (UTH) will be the most dynamic application segment that offers immense metal replacement opportunities for plastic compounds. High performance and specialty polymers will increasingly find growth opportunities in this segment.

- Partnership agreements involving compound manufacturers, component manufacturers, and automotive original equipment manufacturers (OEMs) will become more prevalent for specific application segments.

- Fragmentation in segments such as blends, acrylonitrile butadiene styrene (ABS), and polypropylene (PP) will take place, with smaller independent compounders gaining significant market share.

- The composites industry is here to stay due to the diversity and multitude of more than applications, with aerospace as the leading adopter of innovations and automotive as the biggest user in terms of volume.

- Replacing steel and aluminum panels (e.g., roof, door, hood, trunk lid) is the immediate choice for carbon fiber reinforced plastic (CFRP) applications in cars. Chassis and powertrain (cool side parts) are expected to follow as the next big applications.

- Optimized and new manufacturing methods will assist in the growth of composites. Transition to advanced fabrication techniques as well as techniques which enable faster production of CFRP/GFRP (glass fiber reinforced plastic) parts will enable their mass market uptake.

Key Market Trends

- Regulatory measures by default call for a reduction in transportation emissions. The use of multi-materials will help companies reduce costs by optimizing material selection and meeting regulatory requirements.

- Increasing pressure on automotive OEMs to develop cleaner and leaner vehicles, including electric vehicles, will be a driving factor for adoption and development of multi-materials (including plastics and composites).

- Lower CO2 emissions and improved fuel economy are jointly achieved through weight reduction. Increased stringency towards vehicle emissions by governments around the world have propelled companies towards looking for ways of improving fuel efficiency. While electric vehicles are still cost prohibitive, production of lighter cars will result in decrease of emissions/mile of gasoline.

- The global oil consumption has been increasing steadily over the past years, including the share of the transport sector. Automobiles constitute around X% of the total oil consumption globally, which drives the urgency of the automobile manufacturers to explore multi-materials (including plastics and composites) in order to efficiently keep their production costs low while also reducing fuel consumption.

- The mega joint trends of safety and security are driving the demand for more, yet smaller, automotive devices and sensors that are able to better monitor and react to security breaches of all types as well as improve driver control of blind spots, reversing, and so on.

- In order to meet this demand for increasingly smaller devices, multi-materials (including plastics and composites) will be needed.
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1. Executive Summary
  • Key Research Findings
  • CEO’s 360 Degree Perspective
2. Automotive Lightweighting Market
  • Automotive Lightweighting Market - Mega Trends
  • Automotive Lightweighting Market - Legislations Supporting Weight Reduction
  • Automotive Lightweighting Market - The Vehicle Weight Paradox
  • Automotive Lightweighting Market - CO2 Emission Reduction Goals Driving Market
  • Automotive Lightweighting Market - Industry Response
  • Automotive Lightweighting Market - US Vehicle Weight Band
  • Automotive Lightweighting Market - Growth of Plastics
  • Automotive Lightweighting Market - Material Development
3. Automotive Plastics and Composites Market - Industry Challenges and Market Factors
  • Automotive Plastics and Composites Market - Industry Challenges
  • Automotive Plastics and Composites Market - Industry Challenges Explained
  • Automotive Plastics and Composites Market - Drivers
  • Automotive Plastics and Composites Market - Drivers Explained
  • Automotive Plastics and Composites Market - Restraints
  • Automotive Plastics and Composites Market - Restraints Explained
4. Automotive Plastics and Composites Market - Value Chain and Competition
  • Automotive Plastics and Composites Market - Value Chain Analysis
  • Automotive Plastics and Composites Market - Distribution Channels
  • Automotive Plastics and Composites Market - Competitive Analysis
  • Automotive Plastics and Composites Market - Competitive Structure
  • Automotive Materials Market - Position of Metals
5. Automotive Plastics Market
  • Automotive Plastics Market - Market Engineering Measurements: Global
  • Automotive Plastics Market - Market Engineering Measurements: North America
  • Automotive Plastics Market - Market Engineering Measurements
  • Automotive Plastics Market - Volume Shares by Type
  • Automotive Plastics Market - Revenue Shares by Type
  • Automotive Plastics Market - Segment Life Cycle
  • Automotive Plastics Market - Material Characteristics
  • Automotive Plastics Market - New Material Development
  • Automotive Plastics Market - Average Content per Vehicle
  • Automotive Plastics Market - Volume and Revenue Forecast
  • Automotive Plastics Market - Volume and Revenue Forecast
  • Automotive Plastics Market - Market Mapping
  • Automotive Plastics Market - Volume and Revenue Shares by Type
  • Automotive Plastics Market - PP Major Applications
  • Automotive Plastics Market - PP Major Applications Discussion
  • Automotive Plastics Market - PA Major Applications
  • Automotive Plastics Market - PA Major Applications Discussion
  • Automotive Plastics Market - PU Major Applications
  • Automotive Plastics Market - PU Major Applications Discussion
  • Automotive Plastics Market - ABS Major Applications
  • Automotive Plastics Market - ABS Major Applications Discussion
  • Automotive Plastics Market - TS Composites Major Applications
  • Automotive Plastics Market - TS Composites Major Applications Discussion
  • Automotive Plastics Market - HPP Major Applications
  • Automotive Plastics Market - HPP Major Applications Discussion
6. Automotive Composites Market
  • Automotive Composites Market - Overview
  • Automotive Composites Market - Material Benefits
  • Automotive Composites Market - Role of Manufacturing
  • Automotive Composites Market - CF Price Decline
  • Automotive Composites Market - Role of Thermosets
  • Automotive Composites Market - Role of Thermoplastics
  • Automotive CFRP Composites Market - Market Engineering Measurements: Global
  • Automotive CFRP Composites Market - Market Engineering Measurements: North America
  • Automotive CFRP Composites Market - Market Engineering Measurements
  • Automotive CFRP Composites Market - Applications
  • Automotive CFRP Composites Market - Volume Forecast, Vehicles with CFRP
  • Automotive CFRP Composites Market - Volume and Revenue Forecast: Global
  • Automotive CFRP Composites Market - Volume and Revenue Forecast: North America
7. Automotive Plastics and Composites Market - Opportunities
  • Automotive Plastics and Composites Market - Plastic Usage
  • Automotive Plastics and Composites Market - Opportunities Discussion
  • Automotive Plastics and Composites Market - Materials by Vehicle Section
  • Automotive Plastics and Composites Market - Metals & Non-Metals
  • Automotive Plastics and Composites Market - Market Pull & Unmet Needs
  • Automotive Plastics and Composites Market - Performance Criteria in Exterior Applications
  • Legal Disclaimer
8. Appendix
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