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Automotive and Transportation

Europe Market Insights on Automotive Composite Materials, 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)

  • UNI3007711
  • 142 Pages
  • September 2018
  • Automotive and Transportation
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Europe’s automotive industry holds 4% of its Gross Domestic Product (GDP). In addition to this, the number of new vehicle registrations increased by 3.8% in 2017 as compared to 2016. The increasing number of vehicles has contaminated Europe’s atmosphere with Green House Gases (GHG), owing to which European Commission laid regulation that mandates a target value of 95g/km of CO2 emission for passenger cars and 147g/km for commercial vehicles to achieve by 2020. To comply with such regulations, automakers in Europe are using composite materials to reduce the overall weight of the vehicle which results in improved the fuel efficiency. Using composite materials in the place of steel or aluminium reduces vehicular weight considerably (35-50%). Besides reduction in weight, features such as excellent aerodynamic design, crashworthiness and toughness of the composite materials are also attracting the European automotive industry. Further, the presence of some of the prominent material suppliers such as BASF, DowAksa, Gurit Holding AG, Mubea Carbo Tech GmbH, SGL Group and Solvay S.A. among others in Europe is also propelling the market growth. However, high cost of the materials, discrepancies in the manufacturing processes and high R&D investment in this industry are acting as the major challenges hampering the market growth.

Insights Presented in the Report:

The Europe 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 most popular composite type among the automakers, as they have high flexibility, high insulation, lower density and lighter weight than other composite materials type. In addition, to get a deep dive analysis of PMC, the segment is further segmented by matrix type this includes, thermosets and thermoplastics. Further, low cost and exceptionally good structural and mechanical properties of hybrid composites are making them ideal alternatives to single fiber composites. Hence hybrid composites are anticipated to be the fastest growing segment during the forecast period.

The market is further fragmented across different manufacturing processes. This includes hand lay-up, compression molding, injection molding, and resin transfer molding (RTM). Injection molding process dominated the market in 2017 and is expected to continue its dominance over the forecast period. The injection molding process and is anticipated to reach $743.7 million by 2024. On the other hand, RTM will be the fastest growing manufacturing process because of its growing adoption in auto industry.

Based on several application areas in automobiles, Europe automotive composite materials market is segmented into interior, exterior, chassis, powertrain & under the hood and structural. Among different application areas, exterior application held the highest market share and was valued at $641.0 million in 2017. However, because of increase in demand of composite materials for interior body parts, this segment will grow at the fastest rate.

Europe automotive composite materials market is further segmented on the basis of different vehicle types, which includes performance cars, passenger cars and other (commercial vehicles and others). Europe’s passenger car market is the biggest segment in the automotive industry of the region, because of largest share in auto industry and increasing penetration of composite materials in passenger car segment.

A deep dive analysis of automotive composite materials market across different countries in the regions is also done. Some of the prominent countries pertaining to automotive composite materials market include Germany, France, the U.K, Spain, Russia, Italy and rest of Europe. In Europe, Germany is expected to lead the market because of the presence of several prominent automotive OEMs and composite material suppliers.

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 Europe Automotive Composite Market can be customized to 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 Crashworthiness Capability

5.1.2 Market Restraints

5.1.2.1 High Cost of the Raw Materials

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

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

11.1.1 Europe Automotive Composite Materials Market, by Material Type

11.1.2 Europe Automotive Composite Market, by Manufacturing Process

11.1.3 Europe Automotive Composite Materials market, by Application

11.1.4 Europe Automotive Composite Materials Market, by Vehicle Type

11.1.5 Europe Automotive Composite Materials Market, by Country

11.1.5.1 Germany Automotive Composite Materials Market

11.1.5.1.1 Germany Automotive Composite Market, by Material Type

11.1.5.1.2 Germany Automotive Composite Market, by Manufacturing Process

11.1.5.1.3 Germany Automotive Composite Market, by Application

11.1.5.1.4 Germany Automotive Composite Market, by Vehicle Type

11.1.5.2 France Automotive Composite Materials Market

11.1.5.2.1 France Automotive Composite Market, by Material Type

11.1.5.2.2 France Automotive Composite Market, by Manufacturing Process

11.1.5.2.3 France Automotive Composite Market, by Application

11.1.5.2.4 France Automotive Composite Market, by Vehicle Type

11.1.5.3 UK Automotive Composite Materials Market

11.1.5.3.1 UK Automotive Composite Market, by Material Type

11.1.5.3.2 UK Automotive Composite Market, by Manufacturing Process

11.1.5.3.3 UK Automotive Composite Market, by Application

11.1.5.3.4 UK Automotive Composite Market, by Vehicle Type

11.1.5.4 Spain Automotive Composite Materials Market

11.1.5.4.1 Spain Automotive Composite Market, by Material Type

11.1.5.4.2 Spain Automotive Composite Market, by Manufacturing Process

11.1.5.4.3 Spain Automotive Composite Market, by Application

11.1.5.4.4 Spain Automotive Composite Market, by Vehicle Type

11.1.5.5 Russia Automotive Composite Materials Market

11.1.5.5.1 Russia Automotive Composite Market, by Material Type

11.1.5.5.2 Russia Automotive Composite Market, by Manufacturing Process

11.1.5.5.3 Russia Automotive Composite Market, by Application

11.1.5.5.4 Russia Automotive Composite Market, by Vehicle Type

11.1.5.6 Italy Automotive Composite Materials Market

11.1.5.6.1 Italy Automotive Composite Market, by Material Type

11.1.5.6.2 Italy Automotive Composite Market, by Manufacturing Process

11.1.5.6.3 Italy Automotive Composite Market, by Application

11.1.5.6.4 Italy Automotive Composite Market, by Vehicle Type

11.1.5.7 Rest of Europe Automotive Composite Materials Market

11.1.5.7.1 Rest of Europe Automotive Composite Market, by Material Type

11.1.5.7.2 Rest of Europe Automotive Composite Market, by Manufacturing Process

11.1.5.7.3 Rest of Europe Automotive Composite Market, by Application

11.1.5.7.4 Rest of Europe Automotive Composite Market, by Vehicle Type

12 COMPETITIVE SCENARIO

12.1 Europe 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

13.8.1 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

TABLE 1 Regulations on GHG Emission

TABLE 1 BASF SE Key Facts

TABLE 2 Products segmentation of BASF SE

TABLE 3 BASF SE Growth Strategy

TABLE 4 BASF SE financials, US$ Mn

TABLE 5 DowDuPont Inc. key facts

TABLE 6 Products segmentation of DowDuPont Inc.

TABLE 7 DowDuPont Inc. Growth Strategy

TABLE 8 DowDuPont Inc. Financials, US$ Mn

TABLE 9 Gurit Holding AG Key Facts

TABLE 10 Products segmentation of Gurit Holding AG

TABLE 11 Gurit Holding AG Growth Strategy

TABLE 12 Gurit Holding AG financials, US$ Mn

TABLE 13 Magna International Inc. Key Facts

TABLE 14 Products segmentation of Magna International Inc.

TABLE 15 Magna International Inc. Financials, US$ Mn

TABLE 16 Mitsubishi Chemical Holdings Corporation Key Facts

TABLE 17 Products segmentation of Mitsubishi Chemical Holdings Corporation

TABLE 18 Mitsubishi Chemical Holdings Corporation Financials, US$ Mn

TABLE 19 Owens Corning Key Facts

TABLE 20 Products segmentation of Owens Corning

TABLE 21 Owens Corning Growth Strategy

TABLE 22 Owens Corning Financials, US$ Mn

TABLE 23 SGL Group key facts

TABLE 24 Products segmentation of Cisco Systems

TABLE 25 SGL Group, Growth Strategy

TABLE 26 SGL Group financials, US$ Mn

TABLE 27 Solvay SA key facts

TABLE 28 Products segmentation of Solvay SA

TABLE 29 Solvay SA Growth Strategy

TABLE 30 Solvay SA financials, US$ Mn

TABLE 31 Teijin Limited name key facts

TABLE 32 Products segmentation of Teijin Limited

TABLE 33 Teijin Limited Growth Strategy

TABLE 34 Teijin Limited name financials, US$ Mn

TABLE 35 Toray Industries Inc. name key facts

TABLE 36 Products segmentation of Toray Industries Inc.

TABLE 37 Toray Industries Inc. Growth Strategy

TABLE 38 Toray Industries Inc. name financials, US$ Mn

 
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