North America Market Insights on Automotive Composite Materials, 2019-2025: 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)
- UNI4065868
- 150 Pages
- August 2019
- Automotive and Transportation
Insights Presented in the Report:
North America 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. In addition, to get a deep dive analysis of PMCs, the polymer type is further segmented by matrices, namely thermosets and thermoplastics. However, low cost and exceptionally good structural and mechanical properties of hybrid composites are making them a popular alternative to the 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. 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, North America 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 $470.6 million in 2017. However, stringent regulations on vehicle interior air quality are expected to fuel the demand of composite demand for vehicle interiors.
North America automotive composite materials market is further segmented on the basis of different vehicle types. This includes performance cars, passenger cars and other (commercial vehicles and others). As the passenger car segment is the biggest car segment in terms of vehicle number, this segment held the highest market share. In addition to it, the highest market value of passenger cars among the vehicle segments is attributed to the growing adoption of composites in the light vehicles.
For better understanding of the market penetration of automotive composite materials in the region, the market is further categorized across different countries, which includes the U.S., Canada, Mexico and rest of North America. Due to high stringent emission standards and presence of a number of local composite material suppliers, the U.S dominated North America automotive composite market in 2017 and will continue to dominate over the forecast period
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 North America 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.
1.1 Market Definition 12
1.2 Objective of the Study 12
1.3 Limitation 12
1.4 Stakeholders 12
1.5 Currency used in the Report 13
2. RESEARCH METHODOLOGY OR ASSUMPTION 14
2.1 Secondary Data 14
2.1.1 Key Secondary Sources 14
2.2 Primary Data 14
2.2.1 Sampling Techniques & Data Collection Methods 14
2.2.2 Primary Participants 14
3. INDUSTRY PERFORMANCE 15
4. EXECUTIVE SUMMARY 16
5. MARKET OVERVIEW 19
5.1 Introduction 19
5.2 Market Dynamics 20
5.2.1 Market Trends & Drivers 20
5.2.1.1 Stringent Government Regulations on GHG emission 20
5.2.1.2 Increasing Demand of Composites in Hybrid and Electric Vehicles 21
5.2.1.3 Superior Structural and Mechanical Properties 22
5.2.2 Market Restraints 23
5.2.2.1 High Cost of the Raw Materials 23
5.2.2.2 Lack of innovation and advancements in Emerging Countries 23
5.2.3 Opportunities 24
5.2.3.1 Growing Scope of Hybrid Composite Materials 24
5.2.3.2 Increase in partnerships Between OEMs and Composite Manufacturers 24
5.3 Key Market Indicators (Demand & Supply) 25
5.3.1 Demand & Supply Side Analysis 25
6. BENEFITS OF COMPOSITE MATERIALS 29
7. MARKET INSIGHTS, BY MATERIAL TYPE 31
7.1 General Overview 31
7.2 Polymer Matrix Composite (PMC) 32
7.2.1 Polymer Matrix Composite (PMC), by Matrix Type 34
7.2.1.1 Thermoset Matrix 34
7.2.1.2 Thermoplastic Matrix 35
7.3 Metal Matrix Composite (MMC) 36
7.4 Ceramic Matrix Composite (CMC) 38
7.5 Hybrid Composites 39
8. MARKET INSIGHTS, BY MANUFACTURING PROCESS 41
8.1 General Overview 41
8.2 Hand Lay up 42
8.3 Compression Moulding 43
8.4 Injection Moulding 44
8.5 Resin Transfer Moulding 45
9. MARKET INSIGHTS BY APPLICATION 47
9.1 General Overview 47
9.2 Interior 48
9.3 Exterior 49
9.4 Chassis, Powertrain and Under the Hood 51
9.5 Structural 52
10. MARKET INSIGHTS, BY VEHICLE TYPE 54
10.1 Overview 54
10.2 Super Cars 55
10.3 Passenger Cars 56
10.4 Others (Light Commercial Vehicles, Buses, Trucks and Others) 58
11. MARKET INSIGHTS, BY COUNTRY 60
11.1 General Overview 60
11.1.1 The U.S Automotive Composite Materials Market 62
11.1.1.1 The US Automotive Composite Materials Market, by Material Type 62
11.1.1.1.1 The US Polymer Matrix Composites Market, by Matrix Type 63
11.1.1.2 The US Automotive Composite Market, by Manufacturing Process 64
11.1.1.3 The US Automotive Composite Materials Market, by Application 64
11.1.1.4 The US Automotive Composite Materials Market, by Vehicle Type 65
11.1.2 Canada Automotive Composite Market 65
11.1.2.1 Canada Automotive Composite Materials Market, by Material Type 66
11.1.2.1.1 Canada Polymer Matrix Composites Market, by Matrix Type 67
11.1.2.2 Canada Automotive Composite Market, by Manufacturing Process 67
11.1.2.3 Canada Automotive Composite Materials Market, by Application 68
11.1.2.4 Canada Automotive Composite Materials Market, by Vehicle Type 69
11.1.3 Mexico Automotive Composite Materials Market 69
11.1.3.1 Mexico Automotive Composite Materials Market, by Material Type 70
11.1.3.1.1 Mexico Polymer Matrix Composites Market, by Matrix Type 70
11.1.3.2 Mexico Automotive Composite Market, by Manufacturing Process 71
11.1.3.3 Mexico Automotive Composite Materials Market, by Application 72
11.1.3.4 Mexico Automotive Composite Materials Market, by Vehicle Type 72
11.1.4 Rest of North America 73
11.1.4.1 Rest of NA Automotive Composite Materials Market, by Material Type 73
11.1.4.1.1 Rest of NA Polymer Matrix Composites Market, by Matrix Type 74
11.1.4.2 Rest of NA Automotive Composite Market, by Manufacturing Process 74
11.1.4.3 Rest of NA Automotive Composite Materials Market, by Application 75
11.1.4.4 Rest of NA Automotive Composite Materials Market, by Vehicle Type 76
12. COMPETITIVE SCENARIO 77
12.1 North America Automotive Composite Materials Market Share, by Key Players, 2017 77
13. COMPANY PROFILES 79
13.1 BASF SE 79
13.1.1 Key Facts 79
13.1.2 Business Description 79
13.1.3 Key Product/Services Offerings 80
13.1.4 SWOT Analysis 81
13.1.5 Key Financials 81
13.1.5.1 Revenue Split 82
13.1.6 Recent Developments 84
13.2 DowDuPont Inc. 85
13.2.1 Key Facts 85
13.2.2 Business Description 85
13.2.3 Key Product/Services Offerings 86
13.2.4 SWOT Analysis 87
13.2.5 Key Financials 87
13.2.5.1 Revenue Split 88
13.2.6 Recent developments 89
13.3 Gurit Holding AG 90
13.3.1 Key Facts 90
13.3.2 Business Description 90
13.3.3 Key Product/Services Offerings 91
13.3.4 SWOT Analysis 92
13.3.5 Key Financials 92
13.3.5.1 Revenue Split 93
13.3.6 Recent developments 95
13.4 Magna International Inc. 96
13.4.1 Key Facts 96
13.4.2 Business Description 96
13.4.3 Key Product/Services Offerings 97
13.4.4 SWOT Analysis 97
13.4.5 Key Financials 98
13.4.5.1 Revenue Split 99
13.4.6 Recent developments 100
13.5 Mitsubishi Chemical Holdings Corporation 101
13.5.1 Key Facts 101
13.5.2 Business Description 101
13.5.3 Key Product/Services Offerings 102
13.5.4 SWOT Analysis 102
13.5.5 Key Financials 103
13.5.5.1 Revenue Split 104
13.5.6 Recent developments 105
13.6 Owens Corning 106
13.6.1 Key Facts 106
13.6.2 Business Description 106
13.6.3 Key Product/Services Offerings 107
13.6.4 SWOT Analysis 108
13.6.5 Key Financials 108
13.6.5.1 Revenue Split 109
13.6.6 Recent developments 110
13.7 SGL Group 111
13.7.1 Key Facts 111
13.7.2 Business Description 111
13.7.3 SWOT Analysis 113
13.7.4 Key Financials 113
13.7.4.1 Revenue Split 114
13.7.5 Recent developments 115
13.8 Solvay SA 116
13.8.1 Key Facts 116
13.8.2 Business Description 116
13.8.3 Key Product/Services Offerings 117
13.8.4 SWOT Analysis 118
13.8.5 Key Financials 118
13.8.5.1 Revenue Split 119
13.8.1 Recent developments 121
13.9 Teijin Limited 122
13.9.1 Key Facts 122
13.9.2 Business Description 122
13.9.3 Key Product/Services Offerings 123
13.9.4 SWOT Analysis 124
13.9.5 Key Financials 124
13.9.5.1 Revenue Split 125
13.9.6 Recent developments 127
13.10 Toray Industries Inc. 128
13.10.1 Key Facts 128
13.10.2 Business Description 128
13.10.3 Key Product/Services Offerings 129
13.10.4 SWOT Analysis 130
13.10.5 Key Financials 130
13.10.5.1 Revenue Split 131
13.10.6 Recent developments 132
TABLE 2 BASF SE Key Facts 78
TABLE 3 Products segmentation of BASF SE 79
TABLE 4 BASF SE Growth Strategy 79
TABLE 5 DowDuPont Inc. key facts 84
TABLE 6 Products segmentation of DowDuPont Inc. 85
TABLE 7 DowDuPont Inc. Growth Strategy 85
TABLE 8 Gurit Holding AG Key Facts 89
TABLE 9 Products segmentation of Gurit Holding AG 90
TABLE 10 Gurit Holding AG Growth Strategy 90
TABLE 11 Magna International Inc. Key Facts 95
TABLE 12 Products segmentation of Magna International Inc. 96
TABLE 13 Mitsubishi Chemical Holdings Corporation Key Facts 99
TABLE 14 Products segmentation of Mitsubishi Chemical Holdings Corporation 100
TABLE 15 Owens Corning Key Facts 104
TABLE 16 Products segmentation of Owens Corning 105
TABLE 17 Owens Corning Growth Strategy 105
TABLE 18 SGL Group key facts 109
TABLE 19 Products segmentation of Cisco Systems 110
TABLE 20 SGL Group, Growth Strategy 110
TABLE 21 Solvay SA key facts 114
TABLE 22 Products segmentation of Solvay SA 115
TABLE 23 Solvay SA Growth Strategy 115
TABLE 24 Teijin Limited name key facts 120
TABLE 25 Products segmentation of Teijin Limited 121
TABLE 26 Teijin Limited Growth Strategy 121
TABLE 27 Toray Industries Inc. name key facts 126
TABLE 28 Products segmentation of Toray Industries Inc. 127
TABLE 29 Toray Industries Inc. Growth Strategy 127
Similar Reports
The project logistics market in India is pegged at INR 200 bn in 2010 and is growing at a CAGR of 20%. Rapid core infrastructure development along with investment planned by the Government of India and private players will drive the project logistics market. The report begins with an introduction to the project logistics market in India, describing the types of cargo being transported and share...
- Publish Date: January 3, 2011
- $950
The luxury car market is expected to witness strong growth with rising number of foreign players planning expansions in the market. Growing number of young entrepreneurs in India inclined to drive luxury cars is brining about healthy demand for such cars. The report provides a brief overview of the automotive market in India, the production of passenger vehicles over years and the segmented share...
- Publish Date: January 5, 2011
- $950
In India, car accessories is a new concept which has gained popularity in recent times with growing usage of high end cars. The market can be divided into interior and exterior car accessories. In the Indian market, interior car accessories are more popular. The growing youth is providing a fillip to the market due to their perceptions and preferences. Although small cars are preferred by Indian c...
- Publish Date: January 28, 2011
- $950
