Global Market Insights on Automotive Composite Materials: Insights and Forecast, 2019-2025

$4999$8699

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)

Published:

Aug-2019

Pages:

258

Table:

67

Figure:

254

Report ID:

UMAU19166

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Research Methodology

Report Description

Global Automotive Composite Material was valued at US$ 4,681.6 Million in 2018 and is anticipated to reach US$ 9,037.4 Million by 2025 displaying reasonable CAGR of 9.97% over the forecast period (2019-2025). Composite materials are homogenous mixtures which are prepared by synthetically assembling two materials together. One of these is fibre, a reinforcing material and the other one is a binding material called Matrix. The composite materials have high electrical and corrosion resistance and 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 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 certain competitive strategies with the composite material manufacturers and distributors to strengthen their foothold in the industry.

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. Despite 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.

“Polymer Matrix Composite is expected to dominate during the forecast period.”

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 and is expected maintain its dominance during the forecast (2019-2025)

“Thermoset held the largest market share in 2018 and is expected to dominate the market in 2025.”

The study further bifurcates the manufacturing type into different matrix type including, thermoplastic and thermoset wherein thermoset held the largest market share in 2018 and is expected to dominate the market by 2025. However, thermoplastic is expected to register highest growth during the forecast period as they are compact and wireless

“Amongst Manufacturing Process, Injection moulding is projected to hold the largest market share and will dominate the Global automotive composite material market by 2025.”

Based on manufacturing process the Global automotive composites market is segmented into Hand Lay Up, Compression Moulding, Injection Moulding, and Resin Transfer Moulding (RTM). Injection Moulding dominated the market in 2018 with a market value of US$ 2154 million.

Global Automotive Composite Materials Market by Manufacturing Process, 2018-25 (US$ Mn)

“Amongst applications, exterior is anticipated to dominate Global automotive composite material market by 2025.”

Based on several application areas, the global automotive composite materials market is segmented across 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.

“Amongst vehicle type, passenger cars hold the major share in Global automotive composite material market.”

The global automotive composite materials market is further segmented based on different vehicle types, such as performance cars, passenger cars and other. Passenger cars segment dominated the automotive composites market in 2018 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.

“Asia- Pacific represents as one of the largest markets of Global automotive composite material market.”

For a deep dive analysis of the industry, the study also includes Global country-level analysis including major markets of Global Automotive Composite Market around the globe including North America, Europe, Asia- Pacific, MENA and Latin America. Asia-Pacific is considered as the largest market Automotive Composite Market. Strong presence of several composite material manufacturers in countries such as China, Japan and India are driving the market growth of this region.

Competitive Landscape-Top 10 Market Players

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. are some of the prominent players operating in the Automotive composites market industry. 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. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.

Reasons to buy:

  • Current and future market size from 2018 to 2025 in terms of value (US$)
  • Combined analysis of deep dive secondary research and input from primary research through Key Opinion Leaders of the industry
  • Country level details of the overall adoption of automotive composite material market
  • A quick review of overall industry performance at a glance
  • An In-depth analysis of key industry players
  • A detailed analysis 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 and sub-segments of the technology
  • Region/country Covered: North America (US, Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Russia), Asia-Pacific (China, India, Singapore, South Korea, Japan, Australia), MENA (UAE, KSA, Algeria, Kuwait, Egypt, Qatar) and Latin America (Brazil, Argentina, Chile)

Customization Options:

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

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1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Radar Based In-Cabin Sensing Systems Market Study

2.1 Research Methodology for Integrated Smart Traffic Control Systems Market Study
   2.1.1 Main objective of the Integrated Smart Traffic Control Systems Market Study

INDUSTRY PERFORMANCE

EXECUTIVE SUMMARY

5.1 Introduction
5.2 Market Dynamics
     5.2.1 Market Trends & Drivers
        5.2.1.1 Stringent Government Regulations on GHG emission
        5.2.1.2 Increasing Demand of Composites in Hybrid and Electric Vehicles
        5.2.1.3 Crashworthiness Capability
     5.2.2 Market Restraints
        5.2.2.1 Lack of Innovation & Advancements in Emerging Countries
        5.2.2.2 High Cost of the Raw Materials
     5.2.3 Market Opportunities
        5.2.3.1 Growing Scope of Hybrid Composite Materials
        5.2.3.2 Increase in partnerships Between OEMs and Composite Manufacturers
        5.2.3.3 Growth in Developing Countries

6.1 Demand Side Analysis
6.2 Supply Side Analysis
     6.2.1 Product launches
     6.2.2 Partnership
     6.2.3 Business Expansion and Investment
     6.2.4 Mergers & Acquisitions
6.3 Value Chain Analysis of Automotive Composites Material Market

7.1 General Overview
     7.1.1 Description of the Properties of Composite Materials

8.1 General Overview
     8.1.1 Polymer Matrix Composite (PMC)
     8.1.2 Polymer Matrix Composite (PMC) by Matrix Type
       8.1.2.1 Thermoset Matrix
       8.1.2.2 Thermoplastic Matrix
     8.1.3 Metal Matrix Composite (MMC)
     8.1.4 Ceramic Matrix Composite (CMC)
     8.1.5 Hybrid Composites

9.1 General Overview
     9.1.1 Compression Moulding
     9.1.2 Hand Lay up (Manual)
     9.1.3 Injection Moulding
     9.1.4 Resin Transfer Moulding

10.1 General Overview
      10.1.1 Interior Application
      10.1.2 Exterior Application
      10.1.3 Chassis, Powertrain and Under the Hood
      10.1.4 Structural Application

11.1 General Overview
     11.1.1 Passenger Cars
     11.1.2 Super Cars
     11.1.3 Others (Light Commercial Vehicles, Buses, Trucks and Others)

12.1 General Overview
12.2 North America Automotive Composite Materials Market
      12.2.1 North America Automotive Composite Materials Market by Material Type
      12.2.2 North America Polymer Matrix Composites Market by Matrix Type
      12.2.3 North America Automotive Composite Market by Manufacturing Process
      12.2.4 North America Automotive Composite Materials Market by Application
      12.2.5 North America Automotive Composite Materials Market by Vehicle Type
      12.2.6 North America Automotive Composite Materials Market by Country
         12.2.6.1 The US Automotive Composite Materials Market
            12.2.6.1.1 The US Automotive Composite Materials Market by Material Type
            12.2.6.1.2 The US Polymer Matrix Composites Market by Matrix Type
            12.2.6.1.3 The US Automotive Composite Market by Manufacturing Process
            12.2.6.1.4 The US Automotive Composite Materials Market by Application
            12.2.6.1.5 The US Automotive Composite Materials Market by Vehicle Type
         12.2.6.2 Canada Automotive Composite Market
            12.2.6.2.1 Canada Automotive Composite Materials Market by Material Type
            12.2.6.2.2 Canada Polymer Matrix Composites Market by Matrix Type
            12.2.6.2.3 Canada Automotive Composite Market by Manufacturing Process
            12.2.6.2.4 Canada Automotive Composite Materials Market by Application
            12.2.6.2.5 Canada Automotive Composite Materials Market by Vehicle Type
         12.2.6.3 Mexico Automotive Composite Materials Market
            12.2.6.3.1 Mexico Automotive Composite Materials Market by Material Type
            12.2.6.3.2 Mexico Polymer Matrix Composites Market by Matrix Type
            12.2.6.3.3 Mexico Automotive Composite Market by Manufacturing Process
            12.2.6.3.4 Mexico Automotive Composite Materials Market by Application
            12.2.6.3.5 Mexico Automotive Composite Materials Market by Vehicle Type
         12.2.6.4 Rest of North America
            12.2.6.4.1 Rest of NA Automotive Composite Materials Market by Material Type
            12.2.6.4.2 Rest of NA Polymer Matrix Composites Market by Matrix Type
            12.2.6.4.3 Rest of NA Automotive Composite Market by Manufacturing Process
            12.2.6.4.4 Rest of NA Automotive Composite Materials Market by Application
            12.2.6.4.5 Rest of NA Automotive Composite Materials Market by Vehicle Type
12.3 Europe Automotive Composite Materials Market
      12.3.1 Europe Automotive Composite Materials Market by Material Type
      12.3.2 Europe Polymer Matrix Composites Market by Matrix Type
      12.3.3 Europe Automotive Composite Market by Manufacturing Process
      12.3.4 Europe Automotive Composite Materials Market by Application
      12.3.5 Europe Automotive Composite Materials Market by Vehicle Type
      12.3.6 Europe Automotive Composite Materials Market by Country
         12.3.6.1 Germany Automotive Composite Materials Market
            12.3.6.2.1 Germany Automotive Composite Materials Market by Material Type
            12.3.6.2.2 Germany Polymer Matrix Composites Market by Matrix Type
            12.3.6.2.3 Germany Automotive Composite Market by Manufacturing Process
            12.3.6.2.4 Germany Automotive Composite Materials Market by Application
            12.3.6.2.5 Germany Automotive Composite Materials Market by Vehicle Type
         12.3.6.2 France Automotive Composite Materials Market
            12.3.6.2.1 France Automotive Composite Materials Market by Material Type
            12.3.6.2.2 France Polymer Matrix Composites Market by Matrix Type
            12.3.6.2.3 France Automotive Composite Market by Manufacturing Process
            12.3.6.2.4 France Automotive Composite Materials Market by Application
            12.3.6.2.5 France Automotive Composite Materials Market by Vehicle Type
         12.3.6.3 The UK Automotive Composite Materials Market
            12.3.6.3.1 The UK Automotive Composite Materials Market by Material Type
            12.3.6.3.2 The UK Polymer Matrix Composites Market by Matrix Type
            12.3.6.3.3 The UK Automotive Composite Market by Manufacturing Process
            12.3.6.3.4 The UK Automotive Composite Materials Market by Application
            12.3.6.3.5 The UK Automotive Composite Materials Market by Vehicle Type
         12.3.6.4 Spain Automotive Composite Materials Market
            12.3.6.4.1 Spain Automotive Composite Materials Market by Material Type
            12.3.6.4.2 Spain Polymer Matrix Composites Market by Matrix Type
            12.3.6.4.3 Spain Automotive Composite Market by Manufacturing Process
            12.3.6.4.4 Spain Automotive Composite Materials Market by Application
            12.3.6.4.5 Spain Automotive Composite Materials Market by Vehicle Type
         12.3.6.5 Russia Automotive Composite Materials Market
            12.3.6.5.1 Russia Automotive Composite Materials Market by Material Type
            12.3.6.5.2 Russia Polymer Matrix Composites Market by Matrix Type
            12.3.6.5.3 Russia Automotive Composite Market by Manufacturing Process
            12.3.6.5.4 Russia Automotive Composite Materials Market by Application
            12.3.6.5.5 Russia Automotive Composite Materials Market by Vehicle Type
         12.3.6.6 Italy Automotive Composite Materials Market
            12.3.6.6.1 Italy Automotive Composite Materials Market by Material Type
            12.3.6.6.2 Italy Polymer Matrix Composites Market, by Matrix Type
            12.3.6.6.3 Italy Automotive Composite Market by Manufacturing Process
            12.3.6.6.4 Italy Automotive Composite Materials Market by Application
            12.3.6.6.5 Italy Automotive Composite Materials Market by Vehicle Type
         12.3.6.7 Rest of Europe Automotive Composite Materials Market
            12.3.6.7.1 Rest of Euro Automotive Composite Market by Material Type
            12.3.6.7.2 Rest of Europe Polymer Matrix Composites Market by Matrix Type
            12.3.6.7.3 Rest of Euro Automotive Composite Market by Manufacturing Process
            12.3.6.7.4 Rest of Europe Automotive Composite Materials Market by Application
            12.3.6.7.5 Rest of Europe Automotive Composite Market by Vehicle Type
12.4 Asia-Pacific Automotive Composite Materials Market
      12.4.1 Asia-Pacific Automotive Composite Materials Market by Material Type
      12.4.2 Asia-Pacific Polymer Matrix Composites Market by Matrix Type
      12.4.3 Asia-Pacific Automotive Composite Market by Manufacturing Process
      12.4.4 Asia-Pacific Automotive Composite Materials Market by Application
      12.4.5 Asia-Pacific Automotive Composite Materials Market by Vehicle Type
      12.4.6 Asia-Pacific Automotive Composite Materials Market by Country
         12.4.5.1 China Automotive Composite Materials Market
            12.4.5.1.1 China Automotive Composite Materials Market by Material Type
            12.4.5.1.2 China Polymer Matrix Composites Market by Matrix Type
            12.4.5.1.3 China Automotive Composite Market by Manufacturing Process
            12.4.5.1.4 China Automotive Composite Materials Market by Application
            12.4.5.1.5 China Automotive Composite Materials Market by Vehicle Type
         12.4.5.2 Japan Automotive Composite Materials Market
            12.4.5.2.1 Japan Automotive Composite Materials Market by Material Type
            12.4.5.2.2 Japan Polymer Matrix Composites Market by Matrix Type
            12.4.5.2.3 Japan Automotive Composite Market by Manufacturing Process
            12.4.5.2.4 Japan Automotive Composite Materials Market by Application
            12.4.5.2.5 Japan Automotive Composite Materials Market by Vehicle Type
         12.4.5.3 India Automotive Composite Materials Market
            12.4.5.3.1 India Automotive Composite Materials Market by Material Type
            12.4.5.3.2 India Polymer Matrix Composites Market by Matrix Type
            12.4.5.3.3 India Automotive Composite Market by Manufacturing Process
            12.4.5.3.4 India Automotive Composite Materials Market by Application
            12.4.5.3.5 India Automotive Composite Materials Market by Vehicle Type
         12.4.5.4 Singapore Automotive Composite Materials Market
            12.4.5.4.1 Singapore Automotive Composite Materials Market by Material Type
            12.4.5.4.2 Singapore Polymer Matrix Composites Market by Matrix Type
            12.4.5.4.3 Singapore Automotive Composite Market by Manufacturing Process
            12.4.5.4.4 Singapore Automotive Composite Materials Market by Application
            12.4.5.4.5 Singapore Automotive Composite Materials Market by Vehicle Type
         12.4.5.5 South Korea Automotive Composite Materials Market
            12.4.5.5.1 South Korea Automotive Composite Materials Market by Material Type
            12.4.5.5.2 South Korea Polymer Matrix Composites Market by Matrix Type
            12.4.5.5.3 South Korea Automotive Composite Market by Manufacturing Process
            12.4.5.5.4 South Korea Automotive Composite Materials Market by Application
            12.4.5.5.5 South Korea Automotive Composite Materials Market by Vehicle Type
         12.4.5.6 Australia Automotive Composite Materials Market
            12.4.5.6.1 Australia Automotive Composite Materials Market by Material Type
            12.4.5.6.2 Australia Polymer Matrix Composites Market by Matrix Type
            12.4.5.6.3 Australia Automotive Composite Market by Manufacturing Process
            12.4.5.6.4 Australia Automotive Composite Materials Market by Application
            12.4.5.6.5 Australia Automotive Composite Materials Market by Vehicle Type
         12.4.5.7 Rest of Asia-Pacific Automotive Composite Materials Market
            12.4.5.7.1 Rest of APAC Automotive Composite Market by Material Type
            12.4.5.7.2 Rest of APAC Polymer Matrix Composites Market by Matrix Type
            12.4.5.7.3 Rest of APAC Automotive Composite Market by Manufacturing Process
            12.4.5.7.4 Rest of APAC Automotive Composite Materials Market by Application
            12.4.5.7.5 Rest of APAC Automotive Composite Materials Market by Vehicle Type
12.5 Middle East & North Africa Automotive Composite Materials Market
      12.5.1 MENA Automotive Composite Materials Market by Material Type
      12.5.2 MENA Polymer Matrix Composites Market by Matrix Type
      12.5.3 MENA Automotive Composite Market by Manufacturing Process
      12.5.4 MENA Automotive Composite Materials Market by Application
      12.5.5 MENA Automotive Composite Materials Market by Vehicle Type
      12.5.6 MENA Automotive Composite Materials Market by Country
         12.5.5.1 The United Arab Emirates Automotive Composite Materials Market
            12.5.5.1.1 The UAE Automotive Composite Materials Market by Material Type
            12.5.5.1.2 The UAE Polymer Matrix Composites Market by Matrix Type
            12.5.5.1.3 The UAE Automotive Composite Market by Manufacturing Process
            12.5.5.1.4 The UAE Automotive Composite Materials Market by Application
            12.5.5.1.5 The UAE Automotive Composite Materials Market by Vehicle Type
         12.5.5.2 Saudi Arabia Automotive Composite Materials Market
            12.5.5.2.1 Saudi Arabia Automotive Composite Market by Material Type
            12.5.5.2.2 Saudi Arabia Polymer Matrix Composites Market by Matrix Type
            12.5.5.2.3 Saudi Arabia Automotive Composite Market by Manufacturing Process
            12.5.5.2.4 Saudi Arabia Automotive Composite Materials Market by Application
            12.5.5.2.5 Saudi Arabia Automotive Composite Market by Vehicle Type
         12.5.5.3 Algeria Automotive Composite Materials Market
            12.5.5.3.1 Algeria Automotive Composite Materials Market by Material Type
            12.5.5.3.2 Algeria Polymer Matrix Composites Market by Matrix Type
            12.5.5.3.3 Algeria Automotive Composite Market by Manufacturing Process
            12.5.5.3.4 Algeria Automotive Composite Materials Market by Application
            12.5.5.3.5 Algeria Automotive Composite Materials Market by Vehicle Type
         12.5.5.4 Kuwait Automotive Composite Materials Market
            12.5.5.4.1 Kuwait Automotive Composite Materials Market by Material Type
            12.5.5.4.2 Kuwait Polymer Matrix Composites Market by Matrix Type
            12.5.5.4.3 Kuwait Automotive Composite Market by Manufacturing Process
            12.5.5.4.4 Kuwait Automotive Composite Materials Market by Application
            12.5.5.4.5 Kuwait Automotive Composite Materials Market by Vehicle Type
         12.5.5.5 Egypt Automotive Composite Materials Market
            12.5.5.5.1 Egypt Automotive Composite Materials Market by Material Type
            12.5.5.5.2 Egypt Polymer Matrix Composites Market by Matrix Type
            12.5.5.5.3 Egypt Automotive Composite Market by Manufacturing Process
            12.5.5.5.4 Egypt Automotive Composite Materials Market by Application
            12.5.5.5.5 Egypt Automotive Composite Materials Market by Vehicle Type
         12.5.5.6 Qatar Automotive Composite Materials Market
            12.5.5.6.1 Qatar Automotive Composite Materials Market by Material Type
            12.5.5.6.2 Qatar Polymer Matrix Composites Market by Matrix Type
            12.5.5.6.3 Qatar Automotive Composite Market by Manufacturing Process
            12.5.5.6.4 Qatar Automotive Composite Materials Market by Application
            12.5.5.6.5 Qatar Automotive Composite Materials Market by Vehicle Type
         12.5.5.7 Rest of MENA Automotive Composite Materials Market by Material Type
            12.5.5.7.1 Rest of MENA Automotive Composite Market by Material Type
            12.5.5.7.2 Rest of MENA Polymer Matrix Composites Market by Matrix Type
            12.5.5.7.3 Rest of MENA Automotive Composite Market by Manufacturing Process
            12.5.5.7.4 Rest of MENA Automotive Composite Materials Market by Application
            12.5.5.7.5 Rest of MENA Automotive Composite Materials Market by Vehicle Type
12.6 Latin America Automotive Composite Materials Market
      12.6.1 Latin America Automotive Composite Materials Market by Material Type
      12.6.2 Latin America Polymer Matrix Composites Market by Matrix Type
      12.6.3 Latin America Automotive Composite Market by Manufacturing Process
      12.6.4 Latin America Automotive Composite Materials Market by Application
      12.6.5 Latin America Automotive Composite Materials Market by Vehicle Type
      12.6.6 Latin America Automotive Composite Materials Market by Country
         12.6.5.1 Brazil Automotive Composite Materials Market
            12.6.5.1.1 Brazil Automotive Composite Materials Market by Material Type
            12.6.5.1.2 Brazil Polymer Matrix Composites Market by Matrix Type
            12.6.5.1.3 Brazil Automotive Composite Market by Manufacturing Process
            12.6.5.1.4 Brazil Automotive Composite Materials Market by Application
            12.6.5.1.5 Brazil Automotive Composite Materials Market by Vehicle Type
         12.6.5.2 Argentina Automotive Composite Materials Market
            12.6.5.2.1 Argentina Automotive Composite Materials Market by Material Type
            12.6.5.2.2 Argentina Polymer Matrix Composites Market by Matrix Type
            12.6.5.2.3 Argentina Automotive Composite Market by Manufacturing Process
            12.6.5.2.4 Argentina Automotive Composite Materials Market by Application
            12.6.5.2.5 Argentina Automotive Composite Materials Market by Vehicle Type
         12.6.5.3 Chile Automotive Composite Materials Market
            12.6.5.3.1 Chile Automotive Composite Materials Market by Material Type
            12.6.5.3.2 Chile Polymer Matrix Composites Market by Matrix Type
            12.6.5.3.3 Chile Automotive Composite Market by Manufacturing Process
            12.6.5.3.4 Chile Automotive Composite Materials Market by Application
            12.6.5.3.5 Chile Automotive Composite Materials Market by Vehicle Type
         12.6.5.4 Rest of Latin America Automotive Composite Materials Market
            12.6.5.4.1 Rest of LA Automotive Composite Materials Market by Material Type
            12.6.5.4.2 Rest of LA Polymer Matrix Composites Market by Matrix Type
            12.6.5.4.3 Rest of LA Automotive Composite Market by Manufacturing Process
            12.6.5.4.4 Rest of LA Automotive Composite Materials Market by Application
            12.6.5.4.5 Rest of LA Automotive Composite Materials Market by Vehicle Type

13.1 Porter’s Five Forces Analysis
     13.1.1 Bargaining Power of Suppliers
     13.1.2 Bargaining Power of Buyers
     13.1.3 Threat of New Entrants
     13.1.4 Threat of Substitutes
     13.1.5 Intensity of Rivalry
13.2 Global Automotive Composite Materials Market Share Analysis, 2018

14.1 BASF SE
      14.1.1 Key Facts
      14.1.2 Business Description
      14.1.3 Key Product/Services Offerings
      14.1.4 SWOT Analysis
      14.1.5 Key Financials
          14.1.5.1 Revenue Split
      14.1.6 Recent Developments
          14.1.6.1 Product Launches
          14.1.6.2 Partnership
          14.1.6.3 Business Expansion and Investment
          14.1.6.4 Mergers & Acquisitions
14.2 DowDuPont Inc.
      14.2.1 Key Facts
      14.2.2 Business Description
      14.2.3 Key Product/Services Offerings
      14.2.4 SWOT Analysis
      14.2.5 Key Financials
          14.2.5.1 Revenue Split
      14.2.6 Recent Developments
          14.2.6.1 Mergers & Acquisitions
14.3 Gurit Holding AG
      14.3.1 Key Facts
      14.3.2 Business Description
      14.3.3 Key Product/Services Offerings
      14.3.4 SWOT Analysis
      14.3.5 Key Financials
14.3.5.1 Revenue Split
      14.3.6 Recent developments
          14.3.6.1 Product Launches
          14.3.6.2 Partnership
          14.3.6.3 Mergers & Acquisitions
14.4 Magna International Inc.
      14.4.1 Key Facts
      14.4.2 Business Description
      14.4.3 Key Product/Services Offerings
      14.4.4 SWOT Analysis
      14.4.5 Key Financials
          14.4.5.1 Revenue Split
      14.4.6 Recent developments
          14.4.6.1 Product Launches
          14.4.6.2 Partnership
          14.4.6.3 Business Expansion and Investment
          14.4.6.4 Mergers & Acquisitions
14.5 Mitsubishi Chemical Holdings Corporation
      14.5.1 Key Facts
      14.5.2 Business Description
      14.5.3 Key Product/Services Offerings
      14.5.4 SWOT Analysis
      14.5.5 Key Financials
          14.5.5.1 Revenue Split
      14.5.6 Recent developments
          14.5.6.1 Product Launches
          14.5.6.2 Business Expansion and Investment
          14.5.6.3 Mergers & Acquisitions
14.6 Owens Corning
      14.6.1 Key Facts
      14.6.2 Business Description
      14.6.3 Key Product/Services Offerings
      14.6.4 SWOT Analysis
      14.6.5 Key Financials
          14.6.5.1 Revenue Split
      14.6.6 Recent developments
          14.6.6.1 Partnership
          14.6.6.2 Business Expansion and Investment
          14.6.6.3 Mergers & Acquisitions
14.7 SGL Group
      14.7.1 Key Facts
      14.7.2 Business Description
      14.7.3 SWOT Analysis
      14.7.4 Key Financials
          14.7.4.1 Revenue Split
      14.7.5 Recent developments
          14.7.5.1 Product Launches
          14.7.5.2 Partnership
          14.7.5.3 Business Expansion and Investment
          14.7.5.4 Mergers & Acquisitions
14.8 Solvay SA
      14.8.1 Key Facts
      14.8.2 Business Description
      14.8.3 Key Product/Services Offerings
      14.8.4 SWOT Analysis
      14.8.5 Key Financials
          14.8.5.1 Revenue Split
      14.8.6 Recent developments
          14.8.6.1 Product Launches
          14.8.6.2 Partnership
          14.8.6.3 Business Expansion and Investment
14.9 Teijin Limited
      14.9.1 Key Facts
      14.9.2 Business Description
      14.9.3 Key Product/Services Offerings
      14.9.4 SWOT Analysis
      14.9.5 Key Financials
          14.9.5.1 Revenue Split
      14.9.6 Recent developments
          14.9.6.1 Product Launches
          14.9.6.2 Partnership
          14.9.6.3 Business Expansion and Investment
          14.9.6.4 Mergers & Acquisitions
14.10 Toray Industries Inc.
      14.10.1 Key Facts
      14.10.2 Business Description
      14.10.3 Key Product/Services Offerings
      14.10.4 SWOT Analysis
      14.10.5 Key Financials
          14.10.5.1 Revenue Split
      14.10.6 Recent developments
          14.10.6.1 Product Launches
          14.10.6.2 Partnership
          14.10.6.3 Business Expansion and Investment
          14.10.6.4 Mergers & Acquisitions

Research Methodology

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 2025 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