Latin 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)
- UNI4065872
- 148 Pages
- August 2019
- Automotive and Transportation
Insights Presented in the Report:
Latin 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 PMC, the segment is further segmented by matrix type this includes, thermosets and thermoplastics. However, low cost and exceptional 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. 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 was valued at $175.2 billion in 2017. On the other hand, RTM will be the fastest growing manufacturing process because of its growing adoption in the auto industry.
Based on several application areas in automobiles, Latin America 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 in 2017. As Latin America’s automotive industry is highly influenced by North America, the stringent regulations on vehicle interior air quality in North America are expected to fuel the demand of composite demand for vehicle interiors in Latin America as well, owing to which Latin America interior application market is expected to be the fastest growing market during the forecast period.
Latin America automotive composite materials market is further segmented based on different vehicle types. This includes performance cars, passenger cars and other (commercial vehicles and others). Passenger car segment held the maximum market share in 2017 and will continue to dominate the market during the forecast period.
The report also comprises of a deep dive analysis of Latin America’s automotive composite materials market across different countries. This segment includes countries such as Brazil, Argentina, Chile and rest of LATAM. Brazil dominated the market with a market value of $203.2 million in 2017.
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. For most of the automotive OEMs and composite materials suppliers, Latin America is a potential region for growth, and so they are expanding their businesses in the region to strengthen their foothold in the market.
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 Latin 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 11
1.2 Objective of the Study 11
1.3 Limitation 11
1.4 Stakeholders 11
1.5 Currency used in the Report 12
2. RESEARCH METHODOLOGY OR ASSUMPTION 13
2.1 Secondary Data 13
2.1.1 Key Secondary Sources 13
2.2 Primary Data 13
2.2.1 Sampling Techniques & Data Collection Methods 13
2.2.2 Primary Participants 13
3. INDUSTRY PERFORMANCE 14
4. EXECUTIVE SUMMARY 15
5. MARKET OVERVIEW 18
5.1 Introduction 18
5.2 Market Dynamics 19
5.2.1 Market Trends & Drivers 19
5.2.1.1 Stringent Government Regulations on GHG emission 19
5.2.1.2 Increasing Demand of Composites in Hybrid and Electric Vehicles 20
5.2.1.3 Crashworthiness Capability 20
5.2.2 Market Restraints 21
5.2.2.1 High Cost of the Raw Materials 21
5.2.3 Market Opportunities 22
5.2.3.1 Growing scope of hybrid composite materials 22
5.2.3.2 Evolving Brazilian Automotive Composite Market 23
5.3 Key Market Indicators (Demand & Supply) 23
5.3.1 Demand & Supply Side Analysis 23
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) 37
7.5 Hybrid Composites 38
8. MARKET INSIGHTS, BY MANUFACTURING PROCESS 40
8.1 General Overview 40
8.1.1 Compression Moulding 41
8.2 Hand Lay up (Manual) 42
8.3 Injection Moulding 43
8.4 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 General Overview 52
10.2 Passenger Cars 53
10.3 Super 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 Brazil Automotive Composite Materials Market 58
11.1.1.1 Brazil Automotive Composite Materials Market, by Material Type 59
11.1.1.1.1 Brazil Polymer Matrix Composites Market, by Matrix Type 59
11.1.1.2 Brazil Automotive Composite Market, by Manufacturing Process 60
11.1.1.3 Brazil Automotive Composite Materials Market, by Application 61
11.1.1.4 Brazil Automotive Composite Materials Market, by Vehicle Type 61
11.1.2 Argentina Automotive Composite Materials Market 62
11.1.2.1 Argentina Automotive Composite Materials Market, by Material Type 62
11.1.2.1.1 Argentina Polymer Matrix Composites Market, by Matrix Type 63
11.1.2.2 Argentina Automotive Composite Market, by Manufacturing Process 64
11.1.2.3 Argentina Automotive Composite Materials Market, by Application 64
11.1.2.4 Argentina Automotive Composite Materials Market, by Vehicle Type 65
11.1.3 Chile Automotive Composite Materials Market 65
11.1.3.1 Chile Automotive Composite Materials Market, by Material Type 67
11.1.3.1.1 Chile Polymer Matrix Composites Market, by Matrix Type 67
11.1.3.2 Chile Automotive Composite Market, by Manufacturing Process 68
11.1.3.3 Chile Automotive Composite Materials Market, by Application 69
11.1.3.4 Chile Automotive Composite Materials Market, by Vehicle Type 69
11.1.4 Rest of Latin America Automotive Composite Materials Market 70
11.1.4.1 Rest of LATAM Automotive Composite Materials Market, by Material Type 70
11.1.4.1.1 Rest of LATAM Polymer Matrix Composites Market, by Matrix Type 71
11.1.4.2 Rest of LATAM Automotive Composite Market, by Manufacturing Process 71
11.1.4.3 Rest of LATAM Automotive Composite Materials Market, by Application 72
11.1.4.4 Rest of LATAM Automotive Composite Materials Market, by Vehicle Type 73
12. COMPETITIVE SCENARIO 74
12.1 Latin America Automotive Composite Materials Market Share Analysis, 2017 74
13. COMPANY PROFILES 76
13.1 BASF SE 76
13.1.1 Key Facts 76
13.1.2 Business Description 76
13.1.3 Key Product/Services Offerings 77
13.1.4 SWOT Analysis 78
13.1.5 Key Financials 78
13.1.5.1 Revenue Split 79
13.1.6 Recent Developments 81
13.2 DowDuPont Inc. 82
13.2.1 Key Facts 82
13.2.2 Business Description 82
13.2.3 Key Product/Services Offerings 83
13.2.4 SWOT Analysis 84
13.2.5 Key Financials 84
13.2.5.1 Revenue Split 86
13.2.6 Recent developments 87
13.3 Gurit Holding AG 88
13.3.1 Key Facts 88
13.3.2 Business Description 88
13.3.3 Key Product/Services Offerings 89
13.3.4 SWOT Analysis 90
13.3.5 Key Financials 90
13.3.5.1 Revenue Split 91
13.3.6 Recent developments 92
13.4 Magna International Inc. 92
13.4.1 Key Facts 92
13.4.2 Business Description 93
13.4.3 Key Product/Services Offerings 94
13.4.4 SWOT Analysis 94
13.4.5 Key Financials 95
13.4.5.1 Revenue Split 96
13.4.6 Recent developments 97
13.5 Mitsubishi Chemical Holdings Corporation 98
13.5.1 Key Facts 98
13.5.2 Business Description 98
13.5.3 Key Product/Services Offerings 99
13.5.4 SWOT Analysis 99
13.5.5 Key Financials 100
13.5.5.1 Revenue Split 101
13.5.6 Recent developments 102
13.6 Owens Corning 103
13.6.1 Key Facts 103
13.6.2 Business Description 103
13.6.3 Key Product/Services Offerings 104
13.6.4 SWOT Analysis 104
13.6.5 Key Financials 105
13.6.5.1 Revenue Split 106
13.6.6 Recent developments 107
13.7 SGL Group 108
13.7.1 Key Facts 108
13.7.2 Business Description 108
13.7.3 SWOT Analysis 110
13.7.4 Key Financials 110
13.7.4.1 Revenue Split 111
13.7.5 Recent developments 113
13.8 Solvay SA 114
13.8.1 Key Facts 114
13.8.2 Business Description 114
13.8.3 Key Product/Services Offerings 115
13.8.4 SWOT Analysis 116
13.8.5 Key Financials 116
13.8.5.1 Revenue Split 117
13.8.6 Recent developments 118
13.9 Teijin Limited 119
13.9.1 Key Facts 119
13.9.2 Business Description 119
13.9.3 Key Product/Services Offerings 120
13.9.4 SWOT Analysis 121
13.9.5 Key Financials 121
13.9.5.1 Revenue Split 122
13.9.6 Recent developments 124
13.10 Toray Industries Inc. 125
13.10.1 Key Facts 125
13.10.2 Business Description 125
13.10.3 Key Product/Services Offerings 126
13.10.4 SWOT Analysis 127
13.10.5 Key Financials 127
13.10.5.1 Revenue Split 128
13.10.6 Recent developments 129
TABLE 1 BASF SE Key Facts 76
TABLE 2 Products segmentation of BASF SE 77
TABLE 3 BASF SE Growth Strategy 77
TABLE 4 DowDuPont Inc. key facts 82
TABLE 5 Products segmentation of DowDuPont Inc. 83
TABLE 6 DowDuPont Inc. Growth Strategy 83
TABLE 7 Gurit Holding AG Key Facts 88
TABLE 8 Products segmentation of Gurit Holding AG 89
TABLE 9 Gurit Holding AG Growth Strategy 89
TABLE 10 Magna International Inc. Key Facts 92
TABLE 11 Products segmentation of Magna International Inc. 94
TABLE 12 Mitsubishi Chemical Holdings Corporation Key Facts 98
TABLE 13 Products segmentation of Mitsubishi Chemical Holdings Corporation 99
TABLE 14 Owens Corning Key Facts 103
TABLE 15 Products segmentation of Owens Corning 104
TABLE 16 Owens Corning Growth Strategy 104
TABLE 17 SGL Group key facts 108
TABLE 18 Products segmentation of Cisco Systems 109
TABLE 19 SGL Group, Growth Strategy 109
TABLE 20 Solvay SA key facts 114
TABLE 21 Products segmentation of Solvay SA 115
TABLE 22 Solvay SA Growth Strategy 115
TABLE 23 Teijin Limited name key facts 119
TABLE 24 Products segmentation of Teijin Limited 120
TABLE 25 Teijin Limited Growth Strategy 120
TABLE 26 Toray Industries Inc. name key facts 125
TABLE 27 Products segmentation of Toray Industries Inc. 126
TABLE 28 Toray Industries Inc. Growth Strategy 126
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