Europe 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)
- UNI4065869
- 161 Pages
- August 2019
- Automotive and Transportation
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.
1.1 Market Definition 13
1.2 Objective of the Study 13
1.3 Limitation 13
1.4 Stakeholders 13
1.5 Currency used in the Report 14
2. RESEARCH METHODOLOGY OR ASSUMPTION 15
2.1 Secondary Data 15
2.1.1 Key Secondary Sources 15
2.2 Primary Data 15
2.2.1 Sampling Techniques & Data Collection Methods 15
2.2.2 Primary Participants 15
3. INDUSTRY PERFORMANCE 16
4. EXECUTIVE SUMMARY 17
5. Market Overview 20
5.1 Introduction 20
5.2 Market Dynamics 21
5.2.1 Market Trends & Drivers 21
5.2.1.1 Stringent Government Regulations on GHG emission 21
5.2.1.2 Increasing Demand of Composites among Hybrid and Electric Vehicles 22
5.2.1.3 Crashworthiness Capability 22
5.2.2 Market Restraints 23
5.2.2.1 High Cost of the Raw Materials 24
5.2.3 Opportunities 25
5.2.3.1 Growing Scope of Hybrid Composite Materials 25
5.2.3.2 Increase in partnerships Between OEMs and Composite Manufacturers 25
5.3 Key Market Indicators (Demand & Supply) 26
5.3.1 Demand & Supply Side Analysis 26
6. BENEFITS OF COMPOSITE MATERIALS 30
7. MARKET INSIGHTS BY MATERIAL TYPE 32
7.1 General Overview 32
7.2 Polymer Matrix Composite (PMC) 33
7.2.1 Polymer Matrix Composite (PMC), by Matrix Type 35
7.2.1.1 Thermoset Matrix 35
7.2.1.2 Thermoplastic Matrix 36
7.3 Metal Matrix Composite (MMC) 38
7.4 Ceramic Matrix Composite (CMC) 39
7.5 Hybrid Composites 40
8. MARKET INSIGHTS BY MANUFACTURING PROCESS 42
8.1 General Overview 42
8.2 Hand Lay up 43
8.3 Compression Molding 44
8.4 Injection Molding 45
8.5 Resin Transfer Molding 46
9. MARKET INSIGHTS BY APPLICATION 48
9.1 General Overview 48
9.2 Interior 49
9.3 Exterior 50
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 Germany Automotive Composite Materials Market 62
11.1.1.1 Germany Automotive Composite Materials Market, by Material Type 62
11.1.1.1.1 Germany Polymer Matrix Composites Market, by Matrix Type 63
11.1.1.2 Germany Automotive Composite Market, by Manufacturing Process 63
11.1.1.3 Germany Automotive Composite Materials Market, by Application 64
11.1.1.4 Germany Automotive Composite Materials Market, by Vehicle Type 65
11.1.2 France Automotive Composite Materials Market 65
11.1.2.1 France Automotive Composite Materials Market, by Material Type 66
11.1.2.1.1 France Polymer Matrix Composites Market, by Matrix Type 66
11.1.2.2 France Automotive Composite Market, by Manufacturing Process 67
11.1.2.3 France Automotive Composite Materials Market, by Application 68
11.1.2.4 France Automotive Composite Materials Market, by Vehicle Type 68
11.1.3 The UK Automotive Composite Materials Market 69
11.1.3.1 The UK Automotive Composite Materials Market, by Material Type 69
11.1.3.2 The UK Polymer Matrix Composites Market, by Matrix Type 71
11.1.3.3 The UK Automotive Composite Market, by Manufacturing Process 71
11.1.3.4 The UK Automotive Composite Materials Market, by Application 72
11.1.3.5 The UK Automotive Composite Materials Market, by Vehicle Type 73
11.1.4 Spain Automotive Composite Materials Market 73
11.1.4.1 Spain Automotive Composite Materials Market, by Material Type 74
11.1.4.1.1 Spain Polymer Matrix Composites Market, by Matrix Type 75
11.1.4.2 Spain Automotive Composite Market, by Manufacturing Process 75
11.1.4.3 Spain Automotive Composite Materials Market, by Application 76
11.1.4.4 Spain Automotive Composite Materials Market, by Vehicle Type 77
11.1.5 Russia Automotive Composite Materials Market 77
11.1.5.1 Russia Automotive Composite Materials Market, by Material Type 78
11.1.5.2 Russia Polymer Matrix Composites Market, by Matrix Type 79
11.1.5.3 Russia Automotive Composite Market, by Manufacturing Process 79
11.1.5.4 Russia Automotive Composite Materials Market, by Application 80
11.1.5.5 Russia Automotive Composite Materials Market, by Vehicle Type 81
11.1.6 Italy Automotive Composite Materials Market 81
11.1.6.1 Italy Automotive Composite Materials Market, by Material Type 82
11.1.6.2 Italy Polymer Matrix Composites Market, by Matrix Type 83
11.1.6.3 Italy Automotive Composite Market, by Manufacturing Process 83
11.1.6.4 Italy Automotive Composite Materials Market, by Application 84
11.1.6.5 Italy Automotive Composite Materials Market, by Vehicle Type 85
11.1.7 Rest of Europe Automotive Composite Materials Market 85
11.1.7.1 Rest of Europe Automotive Composite Materials Market, by Material Type 86
11.1.7.2 Rest of Europe Polymer Matrix Composites Market, by Matrix Type 86
11.1.7.3 Rest of Europe Automotive Composite Market, by Manufacturing Process 87
11.1.7.4 Rest of Europe Automotive Composite Materials Market, by Application 88
11.1.7.5 Rest of Europe Automotive Composite Materials Market, by Vehicle Type 88
12. COMPETITIVE SCENARIO 90
12.1 Europe Automotive Composite Materials Market Share, by Company, 2017 90
13. COMPANY PROFILES 92
13.1 BASF SE 92
13.1.1 Key Facts 92
13.1.2 Business Description 92
13.1.3 Key Product/Services Offerings 93
13.1.4 SWOT Analysis 94
13.1.5 Key Financials 94
13.1.5.1 Revenue Split 96
13.1.6 Recent Developments 97
13.2 DowDuPont Inc. 98
13.2.1 Key Facts 98
13.2.2 Business Description 98
13.2.3 Key Product/Services Offerings 99
13.2.4 SWOT Analysis 100
13.2.5 Key Financials 100
13.2.5.1 Revenue Split 102
13.2.6 Recent developments 103
13.3 Gurit Holding AG 104
13.3.1 Key Facts 104
13.3.2 Business Description 104
13.3.3 Key Product/Services Offerings 105
13.3.4 SWOT Analysis 106
13.3.5 Key Financials 106
13.3.5.1 Revenue Split 108
13.3.6 Recent developments 108
13.4 Magna International Inc. 109
13.4.1 Key Facts 109
13.4.2 Business Description 109
13.4.3 Key Product/Services Offerings 110
13.4.4 SWOT Analysis 110
13.4.5 Key Financials 111
13.4.5.1 Revenue Split 112
13.4.6 Recent developments 113
13.5 Mitsubishi Chemical Holdings Corporation 114
13.5.1 Key Facts 114
13.5.2 Business Description 114
13.5.3 Key Product/Services Offerings 115
13.5.4 SWOT Analysis 115
13.5.5 Key Financials 116
13.5.5.1 Revenue Split 117
13.5.6 Recent developments 118
13.6 Owens Corning 119
13.6.1 Key Facts 119
13.6.2 Business Description 119
13.6.3 Key Product/Services Offerings 120
13.6.4 SWOT Analysis 120
13.6.5 Key Financials 121
13.6.5.1 Revenue Split 122
13.6.6 Recent developments 123
13.7 SGL Group 124
13.7.1 Key Facts 124
13.7.2 Business Description 124
13.7.3 SWOT Analysis 126
13.7.4 Key Financials 126
13.7.4.1 Revenue Split 128
13.7.5 Recent developments 129
13.8 Solvay SA 130
13.8.1 Key Facts 130
13.8.2 Business Description 130
13.8.3 Key Product/Services Offerings 131
13.8.4 SWOT Analysis 132
13.8.5 Key Financials 132
13.8.5.1 Revenue Split 134
13.8.6 Recent developments 134
13.9 Teijin Limited 135
13.9.1 Key Facts 135
13.9.2 Business Description 135
13.9.3 Key Product/Services Offerings 136
13.9.4 SWOT Analysis 137
13.9.5 Key Financials 137
13.9.5.1 Revenue Split 139
13.9.6 Recent developments 140
13.10 Toray Industries Inc. 141
13.10.1 Key Facts 141
13.10.2 Business Description 141
13.10.3 Key Product/Services Offerings 142
13.10.4 SWOT Analysis 143
13.10.5 Key Financials 143
13.10.5.1 Revenue Split 145
13.10.6 Recent developments 145
TABLE 1 BASF SE Key Facts 91
TABLE 2 Products segmentation of BASF SE 92
TABLE 3 BASF SE Growth Strategy 92
TABLE 4 DowDuPont Inc. key facts 97
TABLE 5 Products segmentation of DowDuPont Inc. 98
TABLE 6 DowDuPont Inc. Growth Strategy 98
TABLE 7 Gurit Holding AG Key Facts 103
TABLE 8 Products segmentation of Gurit Holding AG 104
TABLE 9 Gurit Holding AG Growth Strategy 104
TABLE 10 Magna International Inc. Key Facts 108
TABLE 11 Products segmentation of Magna International Inc. 109
TABLE 12 Mitsubishi Chemical Holdings Corporation Key Facts 113
TABLE 13 Products segmentation of Mitsubishi Chemical Holdings Corporation 114
TABLE 14 Owens Corning Key Facts 118
TABLE 15 Products segmentation of Owens Corning 119
TABLE 16 Owens Corning Growth Strategy 119
TABLE 17 SGL Group key facts 123
TABLE 18 Products segmentation of Cisco Systems 124
TABLE 19 SGL Group, Growth Strategy 124
TABLE 20 Solvay SA key facts 129
TABLE 21 Products segmentation of Solvay SA 130
TABLE 22 Solvay SA Growth Strategy 130
TABLE 23 Teijin Limited name key facts 134
TABLE 24 Products segmentation of Teijin Limited 135
TABLE 25 Teijin Limited Growth Strategy 135
TABLE 26 Toray Industries Inc. name key facts 140
TABLE 27 Products segmentation of Toray Industries Inc. 141
TABLE 28 Toray Industries Inc. Growth Strategy 141
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