Global Automotive Composites Market Size study & Forecast, by by Material Type (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, and Glass Fiber), Application Type (Structural Assembly, Powertrain Component, Interior, Exterior), and Regional Analys

Global Automotive Composites Market Size study & Forecast, by by Material Type (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, and Glass Fiber), Application Type (Structural Assembly, Powertrain Component, Interior, Exterior), and Regional Analysis, 2023-2030


Global Automotive Composites Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Automotive composites are increasingly being explored to create vehicles that are not only safer, however also lighter and more fuel-efficient. These composites typically consist of high-performance fibers such as glass or carbon embedded within a matrix material, often epoxy polymer. When combined, these materials synergistically enhance properties beyond what each material can achieve individually, resulting in lightweight Stilldurable automotive components. The market growth is driven by key factors such as increasing demand for lightweight materials and growth and expansion of the buildings and the construction industry.

The automotive industry has been prioritizing vehicle weight due to its direct influence on driving performance and fuel efficiency. With governments worldwide implementing increasingly stringent emission regulations and planning to raise standards further in the future, the significance of lightweight materials is expected to grow. In a typical automobile, fibers make up 50% of the volume however add only 10% to the overall weight. In the United States, regulations mandate that by 2025, the average fuel economy standard must reach 54.5 miles per gallon, further emphasizing the need for lightweight materials to achieve these targets. Furthermore, as governments worldwide implement increasingly strict emission regulations and plan for even higher standards in the future, the significance of lightweight materials is set to rise. In a typical automobile, fibers constitute 50% of the volume, however contribute only 10% to the total weight. According to the US Department of Energy (DOE), a 10% reduction in vehicle weight results in a significant 6-8% increase in fuel economy. Consequently, automotive companies are turning to materials such as carbon fiber and glass fiber composites to create vehicles that are both lightweight and fuel-efficient. Utilizing glass fiber composites can achieve a substantial 25% reduction in vehicle weight, further advancing efforts towards enhanced fuel efficiency and reduced emissions. However, high costs associated with carbon fiber composites and glass fiber composites and the low recyclability of composites stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Automotive Composites Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In 2022, the Asia Pacific region is leading the overall market share. This can be attributed to the region's status as one of the most lucrative destinations for the automotive industry, bolstered by the presence of key manufacturers in major economies such as China, India, and Japan. The region enjoys a competitive advantage due to lower raw materials and production costs, coupled with steady growth in automobile production, which is expected to drive market growth. Furthermore, the European region is expected to be the fastest growing region with a Compound Annual Growth Rate (CAGR) of XX% over the forecast period in terms of revenue. This growth trajectory is fueled by factors such as process innovation, advancements in research and development (R&D), and the well-established automotive sector within the European region. These factors collectively contribute to the growth of market growth in Europe in the forecast years..

Major market player included in this report are:
Nippon Carbon Co., Ltd.
Hexcel Corporation
Mitsubishi Chemical Carbon Fiber and Composites, Inc.
mouldCAM Pty Ltd.
SGL Carbon
Toho Tenex (Teijin Ltd)
Toray Industries Inc
Nippon Sheet Glass Company, Limited
Sigmatex
Solvay

Recent Developments in the Market:
 In February 2021, Hexcel Corporation partnered with NaCa Systems, a leading supplier of natural fiber composite automotive interior parts, to develop a lightweight solution comprising carbon fiber prepreg and wood fiber composite for sports car seat backs, utilizing a rapid press molding process. This collaborative innovation pioneers a short-cycle time production method for Carbon Fiber Reinforced Plastic (CFRP) and wood fiber composite parts, offering a multitude of advantages to automotive manufacturers.
 In June 2021, Mitsubishi Chemical Co., Ltd. announced a breakthrough in the development of a novel carbon fiber prepreg suitable for automotive engine components, further expanding the possibilities for lightweight and high-performance automotive solutions.
 In March 2021, Hexcel joined the ASCEND Project, a collaborative endeavor aimed at enhancing high-rate manufacturing and processing technologies to advance lightweight advanced composite materials for applications in the automotive and aerospace industries. This partnership underscores a commitment to innovation and progress in material science, driving advancements in both sectors.

Global Automotive Composites Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Material Type, Application Type, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Material Type:
Thermoset Polymer
Thermoplastic Polymer
Carbon Fiber
Glass Fiber
By Application Type:
Structural Assembly
Powertrain Component
Interior
Exterior

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Automotive Composites Market, by Region, 2020-2030 (USD Billion)
1.2.2. Automotive Composites Market, by Material Type, 2020-2030 (USD Billion)
1.2.3. Automotive Composites Market, by Application Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Composites Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Composites Market Dynamics
3.1. Automotive Composites Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for lightweight materials
3.1.1.2. Growth and expansion of buildings and construction industry
3.1.2. Market Challenges
3.1.2.1. High cost associated with carbon fiber composites and glass fiber composites
3.1.2.2. Low recyclability of composites
3.1.3. Market Opportunities
3.1.3.1. Increasing rapidly in developing economies
3.1.3.2. Increasing awareness about the benefits of automotive composites technique
3.1.3.3. Rising research and development opportunities
Chapter 4. Global Automotive Composites Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Composites Market, by Material Type
5.1. Market Snapshot
5.2. Global Automotive Composites Market by Material Type, Performance - Potential Analysis
5.3. Global Automotive Composites Market Estimates & Forecasts by Material Type 2020-2030 (USD Billion)
5.4. Automotive Composites Market, Sub Segment Analysis
5.4.1. Thermoset Polymer
5.4.2. Thermoplastic Polymer
5.4.3. Carbon Fiber
5.4.4. Glass Fiber
Chapter 6. Global Automotive Composites Market, by Application Type
6.1. Market Snapshot
6.2. Global Automotive Composites Market by Application Type, Performance - Potential Analysis
6.3. Global Automotive Composites Market Estimates & Forecasts by Application Type 2020-2030 (USD Billion)
6.4. Automotive Composites Market, Sub Segment Analysis
6.4.1. Structural Assembly
6.4.2. Powertrain Component
6.4.3. Interior
6.4.4. Exterior
Chapter 7. Global Automotive Composites Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Automotive Composites Market, Regional Market Snapshot
7.4. North America Automotive Composites Market
7.4.1. U.S. Automotive Composites Market
7.4.1.1. Material Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application Type breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Automotive Composites Market
7.5. Europe Automotive Composites Market Snapshot
7.5.1. U.K. Automotive Composites Market
7.5.2. Germany Automotive Composites Market
7.5.3. France Automotive Composites Market
7.5.4. Spain Automotive Composites Market
7.5.5. Italy Automotive Composites Market
7.5.6. Rest of Europe Automotive Composites Market
7.6. Asia-Pacific Automotive Composites Market Snapshot
7.6.1. China Automotive Composites Market
7.6.2. India Automotive Composites Market
7.6.3. Japan Automotive Composites Market
7.6.4. Australia Automotive Composites Market
7.6.5. South Korea Automotive Composites Market
7.6.6. Rest of Asia Pacific Automotive Composites Market
7.7. Latin America Automotive Composites Market Snapshot
7.7.1. Brazil Automotive Composites Market
7.7.2. Mexico Automotive Composites Market
7.8. Middle East & Africa Automotive Composites Market
7.8.1. Saudi Arabia Automotive Composites Market
7.8.2. South Africa Automotive Composites Market
7.8.3. Rest of Middle East & Africa Automotive Composites Market
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Nippon Carbon Co., Ltd.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Hexcel Corporation
8.3.3. Mitsubishi Chemical Carbon Fiber and Composites, Inc.
8.3.4. mouldCAM Pty Ltd.
8.3.5. SGL Carbon
8.3.6. Toho Tenex (Teijin Ltd)
8.3.7. Toray Industries Inc
8.3.8. Nippon Sheet Glass Company, Limited
8.3.9. Sigmatex
8.3.10. Solvay
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
List of Tables
TABLE 1. Global Automotive Composites Market, report scope
TABLE 2. Global Automotive Composites Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Automotive Composites Market estimates & forecasts by Material Type 2020-2030 (USD Billion)
TABLE 4. Global Automotive Composites Market estimates & forecasts by Application Type 2020-2030 (USD Billion)
TABLE 5. Global Automotive Composites Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Automotive Composites Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Automotive Composites Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Automotive Composites Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Automotive Composites Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Automotive Composites Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Automotive Composites Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Automotive Composites Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Automotive Composites Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Automotive Composites Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Automotive Composites Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Automotive Composites Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Automotive Composites Market
TABLE 70. List of primary sources, used in the study of global Automotive Composites Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of figures
FIGURE 1. Global Automotive Composites Market, research methodology
FIGURE 2. Global Automotive Composites Market, Market estimation techniques
FIGURE 3. Global Market size estimates & forecast methods
FIGURE 4. Global Automotive Composites Market, key trends 2022
FIGURE 5. Global Automotive Composites Market, growth prospects 2023-2030
FIGURE 6. Global Automotive Composites Market, porters 5 force model
FIGURE 7. Global Automotive Composites Market, pest analysis
FIGURE 8. Global Automotive Composites Market, value chain analysis
FIGURE 9. Global Automotive Composites Market by segment, 2020 & 2030 (USD Billion)
FIGURE 10. Global Automotive Composites Market by segment, 2020 & 2030 (USD Billion)
FIGURE 11. Global Automotive Composites Market by segment, 2020 & 2030 (USD Billion)
FIGURE 12. Global Automotive Composites Market by segment, 2020 & 2030 (USD Billion)
FIGURE 13. Global Automotive Composites Market by segment, 2020 & 2030 (USD Billion)
FIGURE 14. Global Automotive Composites Market, regional snapshot 2020 & 2030
FIGURE 15. North America Automotive Composites Market 2020 & 2030 (USD Billion)
FIGURE 16. Europe Automotive Composites Market 2020 & 2030 (USD Billion)
FIGURE 17. Asia pacific Automotive Composites Market 2020 & 2030 (USD Billion)
FIGURE 18. Latin America Automotive Composites Market 2020 & 2030 (USD Billion)
FIGURE 19. Middle East & Africa Automotive Composites Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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