MENA 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)
- UNI4065871
- 154 Pages
- August 2019
- Automotive and Transportation
Insights Presented in the Report:
The Middle East and North Africa 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 material types. In addition, to get a deep dive analysis of PMC, the segment is further segmented across thermosets and thermoplastics. However, low cost and exceptionally good structural and mechanical properties of hybrid composites are making them an 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, which include 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 the auto industry. RTM process is expected to grow at a CAGR of 13.1% during the forecast period (2018-2024).
Based on several application areas in automobiles, Middle East and North Africa, 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.
Middle East and North Africa 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). Passenger cars held the maximum market share in 2017 and they are expected to prevail during the forecast period.
To get a better understanding of MENA automotive composite material market, the region has been further segmented by countries, which include the UAE, Saudi Arabia, Algeria, Kuwait, Egypt, Qatar and rest of MENA. Saudi Arabia held the largest market share in 2017 and the country is expected to remain dominant during 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.
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 MENA 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 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 Crashworthiness Capability 21
5.2.2 Market Restraints 22
5.2.2.1 High Cost of the Raw Materials 22
5.2.3 Market Opportunities 23
5.2.3.1 Growing Scope of Hybrid Composite Materials 23
5.3 Key Market Indicators (Demand & Supply) 23
5.3.1 Demand & Supply Side Analysis 23
6. BENEFITS OF COMPOSITE MATERIALS 27
7. MARKET INSIGHTS, BY MATERIAL TYPE 29
7.1 General Overview 29
7.2 Polymer Matrix Composite (PMC) 30
7.2.1 Polymer Matrix Composite (PMC), by Matrix Type 31
7.2.2 Thermoset Matrix 32
7.2.3 Thermoplastic Matrix 33
7.3 Metal Matrix Composite (MMC) 34
7.4 Ceramic Matrix Composite (CMC) 35
7.5 Hybrid Composites 36
8. MARKET INSIGHTS, BY MANUFACTURING PROCESS 37
8.1 General Overview 37
8.1.1 Compression Moulding 38
8.2 Hand Lay up (Manual) 39
8.3 Injection Moulding 40
8.4 Resin Transfer Moulding 41
9. MARKET INSIGHTS, BY APPLICATION 43
9.1 General Overview 43
9.2 Interior 45
9.3 Exterior 46
9.4 Chassis, Powertrain and Under the Hood 47
9.5 Structural 48
10. MARKET INSIGHTS, BY VEHICLE TYPE 50
10.1 General Overview 50
10.2 Passenger Cars 51
10.3 Super cars 52
10.4 Others (Light Commercial Vehicles, Buses, Trucks and Others) 53
11. MARKET INSIGHTS, BY COUNTRY 55
11.1 General Overview 55
11.1.1 The United Arab Emirates Automotive Composite Materials Market 56
11.1.1.1 The UAE Automotive Composite Materials Market, by Material Type 57
11.1.1.1.1 The UAE Polymer Matrix Composites Market, by Matrix Type 57
11.1.1.2 The UAE Automotive Composite Market, by Manufacturing Process 58
11.1.1.3 The UAE Automotive Composite Materials Market, by Application 59
11.1.1.4 The UAE Automotive Composite Materials Market, by Vehicle Type 59
11.1.2 Saudi Arabia Automotive Composite Materials Market 60
11.1.2.1 Saudi Arabia Automotive Composite Materials Market, by Material Type 60
11.1.2.1.1 Saudi Arabia Polymer Matrix Composites Market, by Matrix Type 61
11.1.2.2 Saudi Arabia Automotive Composite Market, by Manufacturing Process 62
11.1.2.3 Saudi Arabia Automotive Composite Materials Market, by Application 62
11.1.2.4 Saudi Arabia Automotive Composite Materials Market, by Vehicle Type 63
11.1.3 Algeria Automotive Composite Materials Market 63
11.1.3.1 Algeria Automotive Composite Materials Market, by Material Type 64
11.1.3.1.1 Algeria Polymer Matrix Composites Market, by Matrix Type 64
11.1.3.2 Algeria Automotive Composite Market, by Manufacturing Process 65
11.1.3.3 Algeria Automotive Composite Materials Market, by Application 66
11.1.3.4 Algeria Automotive Composite Materials Market, by Vehicle Type 66
11.1.4 Kuwait Automotive Composite Materials Market 67
11.1.4.1 Kuwait Automotive Composite Materials Market, by Material Type 67
11.1.4.1.1 Kuwait Polymer Matrix Composites Market, by Matrix Type 68
11.1.4.2 Kuwait Automotive Composite Market, by Manufacturing Process 68
11.1.4.3 Kuwait Automotive Composite Materials Market, by Application 69
11.1.4.4 Kuwait Automotive Composite Materials Market, by Vehicle Type 70
11.1.5 Egypt Automotive Composite Materials Market 70
11.1.5.1 Egypt Automotive Composite Materials Market, by Material Type 71
11.1.5.1.1 Egypt Polymer Matrix Composites Market, by Matrix Type 71
11.1.5.2 Egypt Automotive Composite Market, by Manufacturing Process 72
11.1.5.3 Egypt Automotive Composite Materials Market, by Application 73
11.1.5.4 Egypt Automotive Composite Materials Market, by Vehicle Type 73
11.1.6 Qatar Automotive Composite Materials Market 74
11.1.6.1 Qatar Automotive Composite Materials Market, by Material Type 74
11.1.6.1.1 Qatar Polymer Matrix Composites Market, by Matrix Type 75
11.1.6.2 Qatar Automotive Composite Market, by Manufacturing Process 75
11.1.6.3 Qatar Automotive Composite Materials Market, by Application 76
11.1.6.4 Qatar Automotive Composite Materials Market, by Vehicle Type 77
11.1.7 Rest of MENA Automotive Composite Materials Market, by Material Type 77
11.1.7.1 Rest of MENA Automotive Composite Materials Market, by Material Type 78
11.1.7.1.1 Rest of MENA Polymer Matrix Composites Market, by Matrix Type 78
11.1.7.2 Rest of MENA Automotive Composite Market, by Manufacturing Process 79
11.1.7.3 Rest of MENA Automotive Composite Materials Market, by Application 79
11.1.7.4 Rest of MENA Automotive Composite Materials Market, by Vehicle Type 80
12. COMPETITIVE SCENARIO 81
12.1 MENA Automotive Composite Materials Market Share Analysis, 2017 81
13. COMPANY PROFILES 82
13.1 BASF SE 82
13.1.1 Key Facts 82
13.1.2 Business Description 82
13.1.3 Key Product/Services Offerings 83
13.1.4 SWOT Analysis 84
13.1.5 Key Financials 84
13.1.5.1 Revenue Split 85
13.1.6 Recent Developments 87
13.2 DowDuPont Inc. 88
13.2.1 Key Facts 88
13.2.2 Business Description 88
13.2.3 Key Product/Services Offerings 89
13.2.4 SWOT Analysis 90
13.2.5 Key Financials 90
13.2.5.1 Revenue Split 91
13.2.6 Recent developments 92
13.3 Gurit Holding AG 92
13.3.1 Key Facts 92
13.3.2 Business Description 93
13.3.3 Key Product/Services Offerings 94
13.3.4 SWOT Analysis 94
13.3.5 Key Financials 95
13.3.5.1 Revenue Split 96
13.3.6 Recent developments 97
13.4 Magna International Inc. 98
13.4.1 Key Facts 98
13.4.2 Business Description 98
13.4.3 Key Product/Services Offerings 99
13.4.4 SWOT Analysis 99
13.4.5 Key Financials 100
13.4.5.1 Revenue Split 101
13.4.6 Recent developments 102
13.5 Mitsubishi Chemical Holdings Corporation 103
13.5.1 Key Facts 103
13.5.2 Business Description 103
13.5.3 Key Product/Services Offerings 104
13.5.4 SWOT Analysis 104
13.5.5 Key Financials 105
13.5.5.1 Revenue Split 106
13.5.6 Recent developments 107
13.6 Owens Corning 108
13.6.1 Key Facts 108
13.6.2 Business Description 108
13.6.3 Key Product/Services Offerings 109
13.6.4 SWOT Analysis 109
13.6.5 Key Financials 110
13.6.5.1 Revenue Split 111
13.6.6 Recent developments 112
13.7 SGL Group 113
13.7.1 Key Facts 113
13.7.2 Business Description 113
13.7.3 SWOT Analysis 115
13.7.4 Key Financials 115
13.7.4.1 Revenue Split 116
13.7.5 Recent developments 118
13.8 Solvay SA 119
13.8.1 Key Facts 119
13.8.2 Business Description 119
13.8.3 Key Product/Services Offerings 120
13.8.4 SWOT Analysis 121
13.8.5 Key Financials 121
13.8.5.1 Revenue Split 122
13.8.6 Recent developments 123
13.9 Teijin Limited 124
13.9.1 Key Facts 124
13.9.2 Business Description 124
13.9.3 Key Product/Services Offerings 125
13.9.4 SWOT Analysis 126
13.9.5 Key Financials 126
13.9.5.1 Revenue Split 127
13.9.6 Recent developments 129
13.10 Toray Industries Inc. 130
13.10.1 Key Facts 130
13.10.2 Business Description 130
13.10.3 Key Product/Services Offerings 131
13.10.4 SWOT Analysis 132
13.10.5 Key Financials 132
13.10.5.1 Revenue Split 133
13.10.6 Recent developments 134
TABLE 2 BASF SE Key Facts 81
TABLE 3 Products Segmentation of BASF SE 82
TABLE 4 BASF SE Growth Strategy 82
TABLE 5 DowDuPont Inc. Key Facts 87
TABLE 6 Products Segmentation of DowDuPont Inc. 88
TABLE 7 DowDuPont Inc. Growth Strategy 88
TABLE 8 Gurit Holding AG Key Facts 91
TABLE 9 Products Segmentation of Gurit Holding AG 93
TABLE 10 Gurit Holding AG Growth Strategy 93
TABLE 11 Magna International Inc. Key Facts 97
TABLE 12 Products segmentation of Magna International Inc. 98
TABLE 13 Mitsubishi Chemical Holdings Corporation Key Facts 102
TABLE 14 Products Segmentation of Mitsubishi Chemical Holdings Corporation 103
TABLE 15 Owens Corning Key Facts 107
TABLE 16 Products Segmentation of Owens Corning 108
TABLE 17 Owens Corning Growth Strategy 108
TABLE 18 SGL Group Key Facts 112
TABLE 19 Products Segmentation of SGL Group 113
TABLE 20 SGL Group, Growth Strategy 113
TABLE 21 Solvay SA Key Facts 118
TABLE 22 Products Segmentation of Solvay SA 119
TABLE 23 Solvay SA Growth Strategy 119
TABLE 24 Teijin Limited Key Facts 123
TABLE 25 Products Segmentation of Teijin Limited 124
TABLE 26 Teijin Limited Growth Strategy 124
TABLE 27 Toray Industries Inc. Key Facts 129
TABLE 28 Products Segmentation of Toray Industries Inc. 130
TABLE 29 Toray Industries Inc. Growth Strategy 130
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