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Automotive Composites - Market Analysis, Trends, and Forecasts

  • ID: 4804427
  • Report
  • February 2020
  • Region: Global
  • 343 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
Automotive Composites market worldwide is projected to grow by US$10.2 Billion, driven by a compounded growth of 12%. Glass, one of the segments analyzed and sized in this study, displays the potential to grow at over 11.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$10.7 Billion by the year 2025, Glass will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 10.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$402.9 Million to the region's size and clout in the next 5 to 6 years. Over US$334.1 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Glass will reach a market size of US$543.1 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 15.4% over the next couple of years and add approximately US$2.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

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

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

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 TECHNOLOGIES

V. CURATED RESEARCH

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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