Asia Pacific 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)
- UNI4065870
- 162 Pages
- August 2019
- Automotive and Transportation
Insights Presented in the Report:
Asia Pacific 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. Due to high flexibility, high insulation, lower density and lighter weight than other composite materials, PMCs held the maximum market share in 2017 and their dominance is expected to prevail during the forecast period. PMCs are further segmented by matrix types, which include thermosets and thermoplastics. However, due to the low cost and high flexural and tensile strength of hybrid composites as compared to single fiber composites, the hybrid composites are anticipated to be the fastest growing polymer type 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, due to RTM’s capability of low cost and high volume manufacturing, this manufacturing process is anticipated to be the fastest growing segment during the forecast period (2018-2024).
Based on several application areas in automobiles, Asia Pacific automotive composite materials market is segmented into interior, exterior, chassis, powertrain & under the hood and structural. Among different application areas, exterior segment dominated the market however a gradual increase in the adoption rate of composite materials for vehicle interiors is expected in the coming years.
Based on different vehicle types, Asian automotive composite materials market is segmented into performance cars, passenger cars and others (commercial vehicles and others). Asian passenger car market is the world largest auto market, while the growing demand of composites in EVs and other passenger cars gives it a definitive edge over other markets. Passenger car segment was valued at $2,125.0 million in 2017.
Asian automotive composite materials market is further segmented across different countries, which includes, China, Japan, India, South Korea, Singapore, Australia and rest of APAC. China dominated the market in 2017 and is expected to prevail over the others during the forecasted period. China is the world’s largest automobile producer, and stringent emission regulations and the presence of local composite materials suppliers are attributed to be the major factors monitoring China’s automotive composite materials market.
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.
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 Asia Pacific 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 & Electric Vehicles 22
5.2.1.3 Crashworthiness Capability 23
5.2.2 Market Restraints 23
5.2.2.1 High Cost of the Raw Materials 24
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 & Composite Manufacturers 25
5.2.3.3 Growing scope in developing countries 25
5.3 Key Market Indicators (Demand & Supply) 26
5.3.1 Demand & Supply Side Analysis 26
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
7.2.2 Thermoset Matrix 34
7.2.3 Thermoplastic Matrix 35
7.3 Metal Matrix Composite (MMC) 36
7.4 Ceramic Matrix Composite (CMC) 37
7.5 Hybrid Composites 38
8. MARKET INSIGHTS BY MANUFACTURING PROCESS 40
8.1 General Overview 40
8.2 Hand Lay up 41
8.3 Compression Moulding 42
8.4 Injection Moulding 43
8.5 Resin Transfer Moulding 44
9. MARKET INSIGHTS BY APPLICATION 46
9.1 General Overview 46
9.2 Interior 47
9.3 Exterior 48
9.4 Chassis, Powertrain and Under the Hood 49
9.5 Structural 50
10. MARKET INSIGHTS BY VEHICLE TYPE 52
10.1 Overview 52
10.2 Super Cars 53
10.3 Passenger Cars 54
10.4 Others (Light Commercial Vehicles, Buses, Trucks and Others) 55
11. MARKET INSIGHTS BY COUNTRY 57
11.1 General Overview 57
11.1.1 China Automotive Composite Materials Market 59
11.1.1.1 China Automotive Composite Materials Market, by Material Type 59
11.1.1.2 China Polymer Matrix Composites Market, by Matrix Type 60
11.1.1.3 China Automotive Composite Market, by Manufacturing Process 60
11.1.1.4 China Automotive Composite Materials Market, by Application 61
11.1.1.5 China Automotive Composite Materials Market, by Vehicle Type 63
11.1.2 Japan Automotive Composite Materials Market 63
11.1.2.1 Japan Automotive Composite Materials Market, by Material Type 64
11.1.2.2 Japan Polymer Matrix Composites Market, by Matrix Type 65
11.1.2.3 Japan Automotive Composite Market, by Manufacturing Process 65
11.1.2.4 Japan Automotive Composite Materials Market, by Application 66
11.1.2.5 Japan Automotive Composite Materials Market, by Vehicle Type 67
11.1.3 India Automotive Composite Materials Market 67
11.1.3.1 India Automotive Composite Materials Market, by Material Type 68
11.1.3.2 India Polymer Matrix Composites Market, by Matrix Type 68
11.1.3.3 India Automotive Composite Market, by Manufacturing Process 69
11.1.3.4 India Automotive Composite Materials Market, by Application 71
11.1.3.5 India Automotive Composite Materials Market, by Vehicle Type 71
11.1.4 Singapore Automotive Composite Materials Market 72
11.1.4.1 Singapore Automotive Composite Materials Market, by Material Type 72
11.1.4.2 Singapore Polymer Matrix Composites Market, by Matrix Type 73
11.1.4.3 Singapore Automotive Composite Market, by Manufacturing Process 74
11.1.4.4 Singapore Automotive Composite Materials Market, by Application 74
11.1.4.5 Singapore Automotive Composite Materials Market, by Vehicle Type 75
11.1.5 South Korea Automotive Composite Materials Market 75
11.1.5.1 South Korea Automotive Composite Materials Market, by Material Type 76
11.1.5.2 South Korea Polymer Matrix Composites Market, by Matrix Type 77
11.1.5.3 South Korea Automotive Composite Market, by Manufacturing Process 77
11.1.5.4 South Korea Automotive Composite Materials Market, by Application 78
11.1.5.5 South Korea Automotive Composite Materials Market, by Vehicle Type 79
11.1.6 Australia Automotive Composite Materials Market 79
11.1.6.1 Australia Automotive Composite Materials Market, by Material Type 80
11.1.6.2 Australia Polymer Matrix Composites Market, by Matrix Type 80
11.1.6.3 Australia Automotive Composite Market, by Manufacturing Process 81
11.1.6.4 Australia Automotive Composite Materials Market, by Application 82
11.1.6.5 Australia Automotive Composite Materials Market, by Vehicle Type 82
11.1.7 Rest of Asia-Pacific Automotive Composite Materials Market 83
11.1.7.1 Rest of APAC Automotive Composite Materials Market, by Material Type 83
11.1.7.2 Rest of APAC Polymer Matrix Composites Market, by Matrix Type 84
11.1.7.3 Rest of APAC Automotive Composite Market, by Manufacturing Process 84
11.1.7.4 Rest of APAC Automotive Composite Materials Market, by Application 85
11.1.7.5 Rest of APAC Automotive Composite Materials Market, by Vehicle Type 86
12. COMPETITIVE SCENARIO 87
12.1 Asia Pacific Automotive Composite Materials Market Share, by Key Players, 2017 87
13. COMPANY PROFILES 89
13.1 BASF SE 89
13.1.1 Key Facts 89
13.1.2 Business Description 89
13.1.3 Key Product/Services Offerings 90
13.1.4 SWOT Analysis 91
13.1.5 Key Financials 91
13.1.5.1 Revenue Split 93
13.1.6 Recent Developments 94
13.2 DowDuPont Inc. 95
13.2.1 Key Facts 95
13.2.2 Business Description 95
13.2.3 Key Product/Services Offerings 96
13.2.4 SWOT Analysis 97
13.2.5 Key Financials 97
13.2.5.1 Revenue Split 99
13.2.6 Recent developments 100
13.3 Gurit Holding AG 101
13.3.1 Key Facts 101
13.3.2 Business Description 101
13.3.3 Key Product/Services Offerings 102
13.3.4 SWOT Analysis 103
13.3.5 Key Financials 103
13.3.5.1 Revenue Split 105
13.3.6 Recent developments 105
13.4 Magna International Inc. 106
13.4.1 Key Facts 106
13.4.2 Business Description 107
13.4.3 Key Product/Services Offerings 108
13.4.4 SWOT Analysis 108
13.4.5 Key Financials 109
13.4.5.1 Revenue Split 110
13.4.6 Recent developments 111
13.5 Mitsubishi Chemical Holdings Corporation 112
13.5.1 Key Facts 112
13.5.2 Business Description 112
13.5.3 Key Product/Services Offerings 113
13.5.4 SWOT Analysis 113
13.5.5 Key Financials 114
13.5.5.1 Revenue Split 115
13.5.6 Recent developments 116
13.6 Owens Corning 117
13.6.1 Key Facts 117
13.6.2 Business Description 117
13.6.3 Key Product/Services Offerings 118
13.6.4 SWOT Analysis 118
13.6.5 Key Financials 119
13.6.5.1 Revenue Split 120
13.6.6 Recent developments 121
13.7 SGL Group 122
13.7.1 Key Facts 122
13.7.2 Business Description 122
13.7.3 SWOT Analysis 124
13.7.4 Key Financials 124
13.7.4.1 Revenue Split 126
13.7.5 Recent developments 127
13.8 Solvay SA 128
13.8.1 Key Facts 128
13.8.2 Business Description 128
13.8.3 Key Product/Services Offerings 129
13.8.4 SWOT Analysis 130
13.8.5 Key Financials 130
13.8.5.1 Revenue Split 132
13.8.6 Recent developments 132
13.9 Teijin Limited 133
13.9.1 Key Facts 133
13.9.2 Business Description 133
13.9.3 Key Product/Services Offerings 134
13.9.4 SWOT Analysis 135
13.9.5 Key Financials 135
13.9.5.1 Revenue Split 137
13.9.6 Recent developments 138
13.10 Toray Industries Inc. 139
13.10.1 Key Facts 139
13.10.2 Business Description 139
13.10.3 Key Product/Services Offerings 140
13.10.4 SWOT Analysis 141
13.10.5 Key Financials 141
13.10.5.1 Revenue Split 143
13.10.6 Recent developments 143
TABLE 1 BASF SE Key Facts 88
TABLE 2 Products segmentation of BASF SE 89
TABLE 3 BASF SE Growth Strategy 89
TABLE 4 DowDuPont Inc. key facts 94
TABLE 5 Products segmentation of DowDuPont Inc. 95
TABLE 6 DowDuPont Inc. Growth Strategy 95
TABLE 7 Gurit Holding AG Key Facts 100
TABLE 8 Products segmentation of Gurit Holding AG 101
TABLE 9 Gurit Holding AG Growth Strategy 101
TABLE 10 Magna International Inc. Key Facts 105
TABLE 11 Products segmentation of Magna International Inc. 107
TABLE 12 Mitsubishi Chemical Holdings Corporation Key Facts 111
TABLE 13 Products segmentation of Mitsubishi Chemical Holdings Corporation 112
TABLE 14 Owens Corning Key Facts 116
TABLE 15 Products segmentation of Owens Corning 117
TABLE 16 Owens Corning Growth Strategy 117
TABLE 17 SGL Group key facts 121
TABLE 18 Products segmentation of Cisco Systems 122
TABLE 19 SGL Group, Growth Strategy 122
TABLE 20 Solvay SA key facts 127
TABLE 21 Products segmentation of Solvay SA 128
TABLE 22 Solvay SA Growth Strategy 128
TABLE 23 Teijin Limited name key facts 132
TABLE 24 Products segmentation of Teijin Limited 133
TABLE 25 Teijin Limited Growth Strategy 133
TABLE 26 Toray Industries Inc. name key facts 138
TABLE 27 Products segmentation of Toray Industries Inc. 139
TABLE 28 Toray Industries Inc. Growth Strategy 139
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