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Automotive Composites - Global Market Trajectory & Analytics

  • ID: 4804427
  • Report
  • September 2020
  • Region: Global
  • 379 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • GURIT HOLDING AG
  • KONINKLIJKE TEN CATE BV
  • SOLVAY SA
  • TOHO TENAX CO.
  • TORAY INDUSTRIES
  • UFP TECHNO
  • MORE
Global Automotive Composites Market to Reach $19.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Composites estimated at US$9.4 Billion in the year 2020, is projected to reach a revised size of US$19.4 Billion by 2027, growing at a CAGR of 10.9% over the analysis period 2020-2027. Glass, one of the segments analyzed in the report, is projected to record a 10.7% CAGR and reach US$11.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Carbon segment is readjusted to a revised 12.1% CAGR for the next 7-year period.

The U. S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 14.4% CAGR

The Automotive Composites market in the U. S. is estimated at US$2.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2027 trailing a CAGR of 14.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 9.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.

Other Fiber Types Segment to Record 10% CAGR

In the global Other Fiber Types segment, USA, Canada, Japan, China and Europe will drive the 9.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$2.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.8 Billion by the year 2027, while Latin America will expand at a 11.4% CAGR through the analysis period. We bring years of research experience to this 6th edition of our report. The 379-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Continental Structural Plastics, Inc.
  • Gurit Holding AG
  • Koninklijke Ten Cate BV
  • Mitsubishi Chemical Corporation
  • Plasan Carbon Composites, Inc.
  • SGL Group - The Carbon Company
  • Solvay SA
  • Toho Tenax Co., Ltd.
  • Toray Industries, Inc.
  • UFP Technologies, Inc.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • GURIT HOLDING AG
  • KONINKLIJKE TEN CATE BV
  • SOLVAY SA
  • TOHO TENAX CO.
  • TORAY INDUSTRIES
  • UFP TECHNO
  • MORE
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Global Competitor Market Shares
  • Automotive Composites Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Automotive Composites – Emerging Role in Evolving Automotive Market
  • Thermoset Composites Capture Larger Market Share
  • Automotive Exterior Parts Lead Market Growth in Application Segment
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Growing Focus on Vehicle Lightweighting and Fuel Economy Steers Market Expansion
  • Fuel Efficiency Target (In Miles per Gallon) Established by CAFE Standards for the Years 2018, 2021 & 2024
  • Compliance with Tighter Emissions Standards Dependent on Vehicle Weight Strengthens Demand
  • Pressing Need to Reduce Carbon Footprint in Automotive Sector to Benefit Demand in the Market: Global CO2 Emissions: Percentage (In %) Breakdown by Sector (2018)
  • Global Overview of Emissions Legislation for Light Duty Vehicles for the Years 2018, 2022 & 2027
  • Emissions Target (In Grams per Mile) and Fuel Efficiency Target (In Miles per Gallon) Established by CAFE Standards for the Years 2018, 2021 & 2024
  • Stable Automobile Production Trends to Significantly Benefit Growth Prospects
  • Led by China, Steadily Expanding Global Vehicle Production Drives Demand in the Market: Global Light Vehicle Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Robust Automobile Production Outlook in Asia Pacific Widens Demand
  • Flourishing Middle Class Population in Asia Pacific Drives Demand for New Cars: Global Middle Class Population & Spending (In Million & US$ Billion) for the Years 2020, 2025, 2030
  • Percentage (In %) Breakdown of Automobile Production in Asia-Pacific by Country for the Year 2018
  • Emergence of Green Mobility Unlocks New Revenue Opportunities
  • Global Electric Vehicles Sales (In Million) for the Years 2020, 2025 & 2030
  • Expanding Application Areas Extends Demand for Carbon Fiber Composites
  • Global Carbon Composites Demand (In Thousand Tons) in Automotive Industry for the Years 2017, 2019 & 2022
  • Technological Advancements and Products Innovations Fuel Healthy Demand in the Market
  • Expanding Presence of Composite Components in Heavy Duty Vehicles
  • Robust Demand for Heavy Trucks in China Extends Opportunities for Automotive Composites: Heavy Trucks Production Volume (in Units) in Asia Pacific Region by Country (2018)
  • US Class 3-8 Truck Sales (In 1,000s) for the Years 2017, 2019 & 2021
  • Increasing Expansion Activities and Collaborations Critical to Future Growth
  • Cost Barriers and Slower Production Cycles Overshadow Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Automotive Composites Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
CANADA

JAPAN

CHINA

EUROPE
  • Market Facts & Figures
  • European Automotive Composites Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
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  • CONTINENTAL STRUCTURAL PLASTICS
  • GURIT HOLDING AG
  • KONINKLIJKE TEN CATE BV
  • MITSUBISHI CHEMICAL CORPORATION
  • PLASAN CARBON COMPOSITES, INC. (USA)
  • SGL GROUP - THE CARBON COMPANY
  • SOLVAY SA
  • TOHO TENAX CO.
  • TORAY INDUSTRIES
  • UFP TECHNO
Note: Product cover images may vary from those shown
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