Global Automotive Composite Materials Market: Current Analysis and Forecast (2018-2024)

Global Automotive Composite Materials Market: Current Analysis and Forecast (2018-2024)

Emphasis on Material Type (Polymer Matrix Composites, Metal Matrix Composites, Ceramic Matrix Composites and Hybrid Composites), Manufacturing Process (Hand Lay up, Compression Molding, Injection Molding, Resin Transfer Molding)- Insights and Forecast, 2018-2024

$ 3500
$4900
$6860

Published: Sep-2018

Pages:279

Table:38

Figure:233

Report ID:UMAU18107

Composite materials are homogenous mixtures which are prepared by synthetically assembling two materials together. One of these is fiber, a reinforcing material and the other one is a binding material called Matrix. The composite materials have high electrical and corrosion resistance, are stiff and have high strength-to-weight ratios. The use of composite materials among automobiles reduces the overall weight of the vehicle, improves the fuel efficiency, reduces GHG emissions, improves safety, increases crashworthiness and offers a smooth finish with exceptional aerodynamic design. Besides these advantages, composite materials offer other benefits as well, owing to which they have been widely adopted in the auto industry. Further, the growing concerns for GHG emissions by vehicles and the regulatory framework on it are also propelling the use of composites in the auto industry. Legislative bodies are not only issuing regulations, but also offering certain relaxation and subsidies to the green vehicle owners. In addition, there is a visible increase in the demand of composite materials for electric vehicles. Composite materials are used in EVs to offset the weight increased using batteries. Due to this, the inclination of the auto OEMs toward the use of composite materials in their models has also taken a jump. Subsequently, OEMs are entering into certain competitive strategies with the composite material manufacturers and distributors to strengthen their foothold in the industry. Owing to the above, the global automotive composite materials market is expected to reach $8.17 billion by 2024. However, the growing automotive composites market faces certain market challenges such as the high production cost of the composites and lack of advancement in manufacturing techniques in emerging countries. In spite of this, the growing popularity of the hybrid composite materials, increasing relationships between automotive OEMs and material suppliers and scope of growth in developing countries are considered to be the key opportunity areas in this market.

Insights Presented in the Report:

  • The global automotive composites material market is segmented based on different materials such as Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Currently, PMCs are the most popular composite type among the automakers, as they have high flexibility, high insulation, lower density and lighter weight than other composite materials type.
  • Global automotive composites market is further segmented based on different manufacturing processes for the composite materials. This includes the following: Hand Lay Up, Compression Molding, Injection Molding, and Resin Transfer Molding (RTM). Injection Molding dominated the market in 2017 with a market value of $1.98 billion.
  • Based on several application areas, the global automotive composite materials market is segmented into Interior, Exterior, Chassis, and Powertrain & under the hood and Structural. Among different application areas, exterior segment dominated and the market, however because of stringent regulations on vehicle interior air quality, the demand of composites for vehicles interiors is expected to bolster during the forecast period.
  • The global automotive composite materials market is further segmented on the basis of different vehicle types, such as performance cars, passenger cars and other. Passenger cars segment dominated the automotive composites market in 2017, and is expected to dominate the market during the forecast period. The highest market value of passenger cars among the vehicle segment is attributed to the growing adoption of composites in light vehicles.  
  • For better understanding of the market penetration of Global Automotive Composite Materials Market, the industry is analyzed based on geographies and countries including North America (the U.S., Canada, Mexico and rest of North America), Europe (Germany, France, the U.K., Russia, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Australia and rest of Asia-Pacific), Middle East and Africa (the UAE, Saudi Arabia, Algeria, Kuwait, Egypt, Qatar and rest of Middle East and Africa) and Latin America (Brazil, Argentina, Chile  and Rest of Latin America). Due to the strong presence of several composite material manufacturers in countries such as China, Japan and India. Asia Pacific regions held the highest market share and was valued at $2.16 billion in 2017. Further, the stringent rules and regulations on GHG emissions in North America and Europe are anticipated to fuel the automotive composite market in both the regions.

Top Companies in the Composites Market

The major companies that are profiled in the study are BASF SE, DowDupont Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings Corporation, Owens Corning, SGL Group, Solvay SA, Teijin Limited and Toray Industries Inc. These industry players are entering into partnerships with auto OEMs to deploy cost efficient composite materials on the vehicles. Some of the key players are also expanding their businesses by setting up new plants or increasing their expenditure on R&D to develop cheaper manufacturing methods.

Reasons to buy the Report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
  • Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
  • Examination of industry attractiveness  with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The Global Automotive Composites Market can be customized to regional/country level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

                       
1 MARKET INTRODUCTION                
  1.1 Market Definition                
  1.2 Objective of the Study                
  1.3 Limitation                  
  1.4 Stakeholders                
  1.5 Currency used in the Report              
2 RESEARCH METHODOLOGY OR ASSUMPTION              
  2.1 Secondary Data                
    2.1.1 Key Secondary Sources              
  2.2 Primary Data                
    2.2.1 Sampling Techniques & Data Collection Methods        
    2.2.2 Primary Participants              
3 INDUSTRY PERFORMANCE                
4 EXECUTIVE SUMMARY                  
5 MARKET OVERVIEW                  
  5.1 Market Dynamics                
    5.1.1 Market Trends & Drivers            
      5.1.1.1 Stringent Government Regulations on GHG emission      
      5.1.1.2 Increasing Demand of Composites among Hybrid and Electric Vehicles  
      5.1.1.3 Superior Structural and Mechanical Properties      
    5.1.2 Market Restraints              
      5.1.2.1 High Cost of the Raw Materials          
      5.1.2.2 Lack of Innovation and Advancements in Emerging Countries    
    5.1.3 Opportunities              
      5.1.3.1 Growing Scope of Hybrid Composite Materials      
      5.1.3.2 Increase in partnerships Between OEMs and Composite Manufacturers  
      5.1.3.3 Growing Scope in Developing Countries        
6 BENEFITS OF COMPOSITE MATERIALS              
7 MARKET INSIGHTS BY MATERIAL TYPE              
  7.1 General Overview                
  7.2 Polymer Matrix Composite (PMC)              
    7.2.1 Thermoset Matrix              
    7.2.2 Thermoplastic Matrix              
  7.3 Metal Matrix Composite (MMC)              
  7.4 Ceramic Matrix Composite (CMC)              
  7.5 Hybrid Composites                
8 MARKET INSIGHTS BY MANUFACTURING PROCESS            
  8.1 General Overview                
  8.2 Hand Lay up                
  8.3 Compression Molding                
  8.4 Injection Molding                
  8.5 Resin Transfer Molding                
9 MARKET INSIGHTS BY APPLICATION                
  9.1 General Overview                
  9.2 Interior                  
  9.3 Exterior                  
  9.4 Chassis, Powertrain and Under the Hood            
  9.5 Structural                  
10 MARKET INSIGHTS BY VEHICLE TYPES                
  10.1 Overview                  
  10.2 Performance Cars                
  10.3 Passenger Cars                
  10.4 Others (Light Commercial Vehicles, Buses, Trucks and Others)        
11 MARKET INSIGHTS BY COUNTRY                
  11.1 General Overview                
  11.2 North America Automotive Composite Materials Market          
    11.1.1 North America Automotive Composite Materials Market, by Material Type    
    11.1.2 North America Automotive Composite Market, by Manufacturing Process    
    11.1.3 North America Automotive Composite Materials market, by Application    
    11.1.4 North America Automotive Composite Materials Market, by Vehicle Type    
    11.1.5 North America Automotive Composite Materials Market, by Country    
      11.1.5.1 United States Automotive Composite Materials Market    
        11.1.5.1.1 United States Automotive Composite Market, by Material Type
        11.1.5.1.2 United States Automotive Composite Market, by Manufacturing Process
        11.1.5.1.3 United States Automotive Composite Market, by Application  
        11.1.5.1.4 United States Automotive Composite Market, by Vehicle Type
      11.1.5.2 Canada Automotive Composite Materials Market      
        11.1.5.2.1 Canada Automotive Composite Market, by Material Type  
        11.1.5.2.2 Canada Automotive Composite Market, by Manufacturing Process
        11.1.5.2.3 Canada Automotive Composite Market, by Application  
        11.1.5.2.4 Canada Automotive Composite Market, by Vehicle Type  
      11.1.5.3 Mexico Automotive Composite Materials Market      
        11.1.5.3.1 Mexico Automotive Composite Market, by Material Type  
        11.1.5.3.2 Mexico Automotive Composite Market, by Manufacturing Process
        11.1.5.3.3 Mexico Automotive Composite Market, by Application  
        11.1.5.3.4 Mexico Automotive Composite Market, by Vehicle Type  
      11.1.5.4 Rest of NA Automotive Composite Materials Market      
        11.1.5.4.1 Rest of NA Automotive Composite Market, by Material Type  
        11.1.5.4.2 Rest of NA Automotive Composite Market, by Manufacturing Process
        11.1.5.4.3 Rest of NA Automotive Composite Market, by Application  
        11.1.5.4.4 Rest of NA Automotive Composite Market, by Vehicle Type  
  11.3 Europe Automotive Composite Materials Market          
    11.3.1 Europe Automotive Composite Materials market, by Material Type    
    11.3.2 Europe Automotive Composite Market, by Manufacturing Process      
    11.3.3 Europe Automotive Composite Materials market, by Application      
    11.3.4 Europe Automotive Composite Materials market, by Vehicle Type      
    11.3.5 Europe Automotive Composite Materials Market, by Country      
      11.3.5.1 Germany Automotive Composite Materials Market      
        11.3.5.1.1 Germany Automotive Composite Market, by Material Type  
        11.3.5.1.2 Germany Automotive Composite market, by Manufacturing Process
        11.3.5.1.3 Germany Automotive Composite market, by Application  
        11.3.5.1.4 Germany Automotive Composite market, by Vehicle Type  
      11.3.5.2 France Automotive Composite Materials Market      
        11.3.5.2.1 France Automotive Composite Market, by Material Type  
        11.3.5.2.2 France Automotive Composite Market, by Manufacturing Process
        11.3.5.2.3 France Automotive Composite Market, by Application  
        11.3.5.2.4 France Automotive Composite Market, by Vehicle Type  
      11.3.5.3 The U.K. Automotive Composite Materials Market      
        11.3.5.3.1 The U.K. Automotive Composite Market, by Material Type  
        11.3.5.3.2 The U.K. Automotive Composite Market, by Manufacturing Process
        11.3.5.3.3 The U.K. Automotive Composite Market, by Application  
        11.3.5.3.4 The U.K. Automotive Composite Market, by Vehicle Type  
      11.3.5.4 Spain Automotive Composite Materials Market      
        11.3.5.4.1 Spain Automotive Composite Market, by Material Type  
        11.3.5.4.2 Spain Automotive Composite Market, by Manufacturing Process
        11.3.5.4.3 Spain Automotive Composite Market, by Application  
        11.3.5.4.4 Spain Automotive Composite Market, by Vehicle Type  
      11.3.5.5 Russia Automotive Composite Materials Market      
        11.3.5.5.1 Russia Automotive Composite Market, by Material Type  
        11.3.5.5.2 Russia Automotive Composite Market, by Manufacturing Process
        11.3.5.5.3 Russia Automotive Composite Market, by Application  
        11.3.5.5.4 Russia Automotive Composite Market, by Vehicle Type  
      11.3.5.6 Italy Automotive Composite Materials Market      
        11.3.5.6.1 Italy Automotive Composite Market, by Material Type  
        11.3.5.6.2 Italy Automotive Composite Market, by Manufacturing Process
        11.3.5.6.3 Italy Automotive Composite market, by Application  
        11.3.5.6.4 Italy Automotive Composite Market, by Vehicle Type  
      11.3.5.7 Rest of Europe Automotive Composite Materials Market    
        11.3.5.7.1 Rest of Europe Automotive Composite Market, by Material Type
        11.3.5.7.2 Rest of Euro Automotive Composite Market, by Manufacturing Process
        11.3.5.7.3 Rest of Euro Automotive Composite Market, by Application  
        11.3.5.7.4 Rest of Europe Automotive Composite Market, by Vehicle Type
  11.4 Asia-Pacific Automotive Composite Materials Market          
    11.4.1 APAC Automotive Composite Materials Market, by Material Type      
    11.4.2 APAC Automotive Composite Market, by Manufacturing Process      
    11.4.3 APAC Automotive Composite Materials market, by Application      
    11.4.4 APAC Automotive Composite Materials Market, by Vehicle Type      
    11.4.5 APAC Automotive Composite Materials Market, by Country      
      11.4.5.1 China Automotive Composite Materials Market      
        11.4.5.1.1 China Automotive Composite Market, by Material Type  
        11.4.5.1.2 China Automotive Composite Market, by Manufacturing Process
        11.4.5.1.3 China Automotive Composite Market, by Application  
        11.4.5.1.4 China Automotive Composite Market, by Vehicle Type  
      11.4.5.2 Japan Automotive Composite Materials Market      
        11.4.5.2.1 Japan Automotive Composite Market, by Material Type  
        11.4.5.2.2 Japan Automotive Composite Market, by Manufacturing Process
        11.4.5.2.3 Japan Automotive Composite Market, by Application  
        11.4.5.2.4 Japan Automotive Composite Market, by Vehicle Type  
      11.4.5.3 India Automotive Composite Materials Market      
        11.4.5.3.1 India Automotive Composite Market, by Material Type  
        11.4.5.3.2 India Automotive Composite Market, by Manufacturing Process
        11.4.5.3.3 India Automotive Composite Market, by Application  
        11.4.5.3.4 India Automotive Composite Market, by Vehicle Type  
      11.4.5.4 Singapore Automotive Composite Materials Market      
        11.4.5.4.1 Singapore Automotive Composite Market, by Material Type  
        11.4.5.4.2 Singapore Automotive Composite Market, by Manufacturing Process
        11.4.5.4.3 Singapore Automotive Composite Market, by Application  
        11.4.5.4.4 Singapore Automotive Composite Market, by Vehicle Type  
      11.4.5.5 South Korea Automotive Composite Materials Market    
        11.4.5.5.1 South Korea Automotive Composite Market, by Material Type  
        11.4.5.5.2 South Korea Automotive Composite Market, by Manufacturing Process
        11.4.5.5.3 South Korea Automotive Composite Market, by Application  
        11.4.5.5.4 South Korea Automotive Composite Market, by Vehicle Type  
      11.4.5.6 Australia Automotive Composite Materials Market      
        11.4.5.6.1 Australia Automotive Composite Market, by Material Type  
        11.4.5.6.2 Australia Automotive Composite Market, by Manufacturing Process
        11.4.5.6.3 Australia Automotive Composite Market, by Application  
        11.4.5.6.4 Australia Automotive Composite Market, by Vehicle Type  
      11.4.5.7 Rest of Asia-Pacific Automotive Composite Materials Market    
        11.4.5.7.1 Rest of APAC Automotive Composite Market, by Material Type
        11.4.5.7.2 Rest of APAC Automotive Composite Market, by Manufacturing Process
        11.4.5.7.3 Rest of APAC Automotive Composite Market, by Application  
        11.4.5.7.4 Rest of APAC Automotive Composite Market, by Vehicle Type  
  11.5 Middle East & Africa Automotive Composite Materials Market        
    11.5.1 MENA Automotive Composite Materials Market, by Material Type      
    11.5.2 MENA Automotive Composite Market, by Manufacturing Process      
    11.5.3 MENA Automotive Composite Materials Market, by Application      
    11.5.4 MENA Automotive Composite Materials Market, by Vehicle Type      
    11.5.5 MENA Automotive Composite Materials Market, by Country      
      11.5.5.1 The United Arab Emirates Automotive Composite Materials Market  
        11.5.5.1.1 The UAE Automotive Composite Market, by Material Type  
        11.5.5.1.2 The UAE Automotive Composite Market, by Manufacturing Process
        11.5.5.1.3 The UAE Automotive Composite Market, by Application  
        11.5.5.1.4 The UAE Automotive Composite Market, by Vehicle Type  
      11.5.5.2 Saudi Arabia Automotive Composite Materials Market    
        11.5.5.2.1 KSA Automotive Composite Market, by Material Type  
        11.5.5.2.2 KSA Automotive Composite Market, by Manufacturing Process
        11.5.5.2.3 KSA Automotive Composite Market, by Application    
        11.5.5.2.4 KSA Automotive Composite Market, by Vehicle Type  
      11.5.5.3 Algeria Automotive Composite Materials Market      
        11.5.5.3.1 Algeria Automotive Composite Market, by Material Type  
        11.5.5.3.2 Algeria Automotive Composite Market, by Manufacturing Process
        11.5.5.3.3 Algeria Automotive Composite Market, by Application  
        11.5.5.3.4 Algeria Automotive Composite Market, by Vehicle Type  
      11.5.5.4 Kuwait Automotive Composite Materials Market      
        11.5.5.4.1 Kuwait Automotive Composite Market, by Material Type  
        11.5.5.4.2 Kuwait Automotive Composite Market, by Manufacturing Process
        11.5.5.4.3 Kuwait Automotive Composite Market, by Application  
        11.5.5.4.4 Kuwait Automotive Composite Market, by Vehicle Type  
      11.5.5.5 Egypt Automotive Composite Materials Market      
        11.5.5.5.1 Egypt Automotive Composite Market, by Material Type  
        11.5.5.5.2 Egypt Automotive Composite Market, by Manufacturing Process
        11.5.5.5.3 Egypt Automotive Composite Market, by Application  
        11.5.5.5.4 Egypt Automotive Composite Market, by Vehicle Type  
      11.5.5.6 Qatar Automotive Composite Materials Market      
        11.5.5.6.1 Qatar Automotive Composite Market, by Material Type  
        11.5.5.6.2 Qatar Automotive Composite Market, by Manufacturing Process
        11.5.5.6.3 Qatar Automotive Composite Market, by Application  
        11.5.5.6.4 Qatar Automotive Composite Market, by Vehicle Type  
      11.5.5.7 Rest of MENA Automotive Composite Materials Market, by Material Type  
        11.5.5.7.1 Rest of MENA Automotive Composite Market, by Material Type
        11.5.5.7.2 Rest of MENA Automotive Composite market, by Manufacturing Process
        11.5.5.7.3 Rest of MENA Automotive Composite Market, by Application  
        11.5.5.7.4 Rest of MENA Automotive Composite market, by Vehicle Type
  11.6 Latin America Automotive Composite Materials Market          
    11.6.1 Latin America Automotive Composite Materials Market, by Material Type    
    11.6.2 Latin America Automotive Composite Market, by Manufacturing Process    
    11.6.3 Latin America Automotive Composite Materials Market, by Application    
    11.6.4 Latin America Automotive Composite Materials Market, by Vehicle Type    
    11.6.5 Latin America Automotive Composite Materials Market, by Country    
      11.6.5.1 Brazil Automotive Composite Materials Market      
        11.6.5.1.1 Brazil Automotive Composite Market, by Material Type  
        11.6.5.1.2 Brazil Automotive Composite Market, by Manufacturing Process
        11.6.5.1.3 Brazil Automotive Composite Market, by Application  
        11.6.5.1.4 Brazil Automotive Composite Market, by Vehicle Type  
      11.6.5.2 Argentina Automotive Composite Materials Market      
        11.6.5.2.1 Argentina Automotive Composite Market, by Material Type  
        11.6.5.2.2 Argentina Automotive Composite Market, by Manufacturing Process
        11.6.5.2.3 Argentina Automotive Composite Market, by Application  
        11.6.5.2.4 Argentina Automotive Composite Market, by Vehicle Type  
      11.6.5.3 Chile Automotive Composite Materials Market      
        11.6.5.3.1 Chile Automotive Composite Market, by Material Type  
        11.6.5.3.2 Chile Automotive Composite Market, by Manufacturing Process
        11.6.5.3.3 Chile Automotive Composite Market, by Application  
        11.6.5.3.4 Chile Automotive Composite Market, by Vehicle Type  
      11.6.5.4 Rest of Latin America Automotive Composite Materials Market    
        11.6.5.4.1 Rest of LATAM Automotive Composite Market, by Material Type
        11.6.5.4.2 Rest of LATAM Automotive Composite Market, by Manufacturing Process
        11.6.5.4.3 Rest of LATAM Automotive Composite Market, by Application  
        11.6.5.4.4 Rest of LATAM Automotive Composite Market, by Vehicle Type
12 COMPETITIVE SCENARIO                
  12.1 Porter’s Five forces analysis              
    12.1.1 Bargaining Power of Suppliers            
    12.1.2 Bargaining Power of Buyers            
    12.1.3 Threat of New Entrants              
    12.1.4 Threat of Substitutes              
    12.1.5 Intensity of Rivalry              
  12.2 Global Automotive Composite Materials Market Share of Major Players, 2017      
13 COMPANY PROFILES                  
  13.1 BASF SE                  
    13.1.1 Key Facts                
    13.1.2 Business Description              
    13.1.3 Key Product/Services Offerings            
    13.1.4 SWOT Analysis              
    13.1.5 Key Financials              
      13.1.5.1 Revenue Split, by Region          
      13.1.5.2 Revenue Split, by Business Segment        
    13.1.6 Recent Developments              
  13.2 DowDuPont Inc.                
    13.2.1 Key Facts                
    13.2.2 Business Description              
    13.2.3 Key Product/Services Offerings            
    13.2.4 SWOT Analysis              
    13.2.5 Key Financials              
      13.2.5.1 Revenue Split, by Region          
      13.2.5.2 Revenue Split, by Business Segment        
    13.2.6 Recent developments              
  13.3 Gurit Holding AG                
    13.3.1 Key Facts                
    13.3.2 Business Description              
    13.3.3 Key Product/Services Offerings            
    13.3.4 SWOT Analysis              
    13.3.5 Key Financials              
      13.3.5.1 Revenue Split, by Region          
      13.3.5.2 Revenue Split, by Business Segment        
    13.3.6 Recent developments              
  13.4 Magna International Inc.              
    13.4.1 Key Facts                
    13.4.2 Business Description              
    13.4.3 Key Product/Services Offerings            
    13.4.4 SWOT Analysis              
    13.4.5 Key Financials              
      13.4.5.1 Revenue Split, by Region          
      13.4.5.2 Revenue Split, by Business Segment        
    13.4.6 Recent developments              
  13.5 Mitsubishi Chemical Holdings Corporation            
    13.5.1 Key Facts                
    13.5.2 Business Description              
    13.5.3 Key Product/Services Offerings            
    13.5.4 SWOT Analysis              
    13.5.5 Key Financials              
      13.5.5.1 Revenue Split, by Region          
      13.5.5.2 Revenue Split, by Business Segment        
    13.5.6 Recent developments              
  13.6 Owens Corning                
    13.6.1 Key Facts                
    13.6.2 Business Description              
    13.6.3 Key Product/Services Offerings            
    13.6.4 SWOT Analysis              
    13.6.5 Key Financials              
      13.6.5.1 Revenue Split, by Region          
      13.6.5.2 Revenue Split, by Business Segment        
    13.6.6 Recent developments              
  13.7 SGL Group                  
    13.7.1 Key Facts                
    13.7.2 Business Description              
    13.7.3 SWOT Analysis              
    13.7.4 Key Financials              
      13.7.4.1 Revenue Split, by Region          
      13.7.4.2 Revenue Split, by Business Segment        
      13.7.4.3 Revenue of CFM, by Industry          
      13.7.4.4 Revenue of GMS, by Industry          
    13.7.5 Recent developments              
  13.8 Solvay SA                  
    13.8.1 Key Facts                
    13.8.2 Business Description              
    13.8.3 Key Product/Services Offerings            
    13.8.4 SWOT Analysis              
    13.8.5 Key Financials              
      13.8.5.1 Revenue Split, by Region          
      13.8.5.2 Revenue Split, by Business Segment        
    13.8.6 Recent developments              
  13.9 Teijin Limited                
    13.9.1 Key Facts                
    13.9.2 Business Description              
    13.9.3 Key Product/Services Offerings            
    13.9.4 SWOT Analysis              
    13.9.5 Key Financials              
      13.9.5.1 Revenue Split, by Region          
      13.9.5.2 Revenue Split, by Business Segment        
    13.9.6 Recent developments              
  13.1 Toray Industries Inc.                
    13.10.1 Key Facts                
    13.10.2 Business Description              
    13.10.3 Key Product/Services Offerings            
    13.10.4 SWOT Analysis              
    13.10.5 Key Financials              
      13.10.5.1 Revenue Split, by Region          
      13.10.5.2 Revenue Split, by Business Segment        
    13.10.6 Recent developments              

Analysing historical market, estimation of the current market and forecasting the future market for Global automotive composite materials were the three major steps considered while creating and analysing the overall adoption rate of automotive composite materials in major region/country globally. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the global automotive composite materials market. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of the global automotive composite materials market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the global automotive composite materials market through company internal sources such as annual report & financial statements, performance presentations, press releases, inventory records, sales figures etc. and external sources including trade journals, news articles, government publications, International Organization of Motor Vehicle Manufacturers, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments of the Global Automotive Composite Materials market. Major segments included in the report are material type, manufacturing process, application, and vehicle types.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the Global automotive composite materials market. Factor analysis was conducted using dependent and independent variable such as purchasing power, government initiatives, government regulations in major region/country globally. Historical trends of the automotive composite materials and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in market, market share of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers, restraints, trends and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in major region/country globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and rate of adoption of automotive composite materials in major region/country globally
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players across different technologies and markets as well as market share of each player. Also, the growth strategies adopted by these players to compete in the rapidly growing Global Automotive Composite Material market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the global automotive composite material market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of material type, manufacturing process, application, and vehicle type.

Main objective of the Global Automotive Composite Materials Market Study

The current & future market trends of the Global automotive composite materials market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of Global automotive composite materials in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of Global automotive composite materials market. Segments in the study include material type, manufacturing process, application, and vehicle type
  • Define and describe the technologies and protocols used in automotive composite materials
  • Anticipate potential risk associated with the technology along with customer and competitor analysis, among others
  • Define and analysis of the government regulations for automotive composite materials in major region/country globally
  • Analyse the current and forecast market size of automotive composite materials in regions, in terms of value for regions including North America, Europe, Asia-Pacific, MENA and Latin America
  • Define and analyse the competitive landscape of the Global automotive composite materials and the growth strategies adopted by the market players to sustain in the ever-growing market

Analysing historical market, estimation of the current market and forecasting the future market for Global automotive composite materials were the three major steps considered while creating and analysing the overall adoption rate of automotive composite materials in major region/country globally. Exhaustive secondary research was done to collect the historical market of the technology and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the global automotive composite materials market. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market size of the global automotive composite materials market. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the technology. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the global automotive composite materials market through company internal sources such as annual report & financial statements, performance presentations, press releases, inventory records, sales figures etc. and external sources including trade journals, news articles, government publications, International Organization of Motor Vehicle Manufacturers, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications.

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments of the Global Automotive Composite Materials market. Major segments included in the report are material type, manufacturing process, application, and vehicle types.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the Global automotive composite materials market. Factor analysis was conducted using dependent and independent variable such as purchasing power, government initiatives, government regulations in major region/country globally. Historical trends of the automotive composite materials and their year-on-year impact on the market size and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in market, market share of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers, restraints, trends and opportunities available in the market. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2024 for different segment and sub-segments in major region/country globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and rate of adoption of automotive composite materials in major region/country globally
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players across different technologies and markets as well as market share of each player. Also, the growth strategies adopted by these players to compete in the rapidly growing Global Automotive Composite Material market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive precise statistical numbers of each segment and sub-segment pertaining to the global automotive composite material market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of material type, manufacturing process, application, and vehicle type.

Main objective of the Global Automotive Composite Materials Market Study

The current & future market trends of the Global automotive composite materials market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of Global automotive composite materials in terms of value (US$)
  • Analyse the current and forecast market size of different segments and sub-segments of Global automotive composite materials market. Segments in the study include material type, manufacturing process, application, and vehicle type
  • Define and describe the technologies and protocols used in automotive composite materials
  • Anticipate potential risk associated with the technology along with customer and competitor analysis, among others
  • Define and analysis of the government regulations for automotive composite materials in major region/country globally
  • Analyse the current and forecast market size of automotive composite materials in regions, in terms of value for regions including North America, Europe, Asia-Pacific, MENA and Latin America
  • Define and analyse the competitive landscape of the Global automotive composite materials and the growth strategies adopted by the market players to sustain in the ever-growing market

Global Automotive Composite Materials Market: Current Analysis and Forecast (2018-2024)