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Global Automotive Composites Market 2017-2021

Global Automotive Composites Market 2017-2021

About Automotive Composites

Composites are a class of materials that are made of two or more constituent materials having different properties. The properties of the composites are unique and different from those of the constituent materials. The constituent materials of the composites remain separate and distinct and do not blend or dissolve with each other.

Technavio’s analysts forecast the global automotive composites market to grow at a CAGR of 9.02% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive composites market for 2017-2021. To calculate the market size, the report considers the sales of composite products in key applications in the automotive industry.The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Automotive Composites Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cytec Solvay
  • Mitsubishi Rayon
  • SGL Group
  • Teijin
  • Toray Industries
Other prominent vendors
  • Hexcel Corporation
  • DowAksa
  • E. I. du Pont de Nemours and Company
  • Holding Company Composite
  • Johns Manville
  • Johnson Controls
  • Koninklijke Ten Cate N.V.
  • Owens Corning
  • Saertex
  • Scott Bader Company
  • UFP Technologies
  • Zhongfu Shenying Carbon Fiber
Market driver
  • Increase in automotive regulatory requirements
  • For a full, detailed list, view our report
Market challenge
  • High cost of composites
  • For a full, detailed list, view our report
Market trend
  • Introduction of innovative composites
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Composites Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive composites market: Cytec Solvay, Mitsubishi Rayon, SGL Group, Teijin, and Toray Industries.

Other Prominent Vendors in the market are: Hexcel Corporation, DowAksa, E. I. du Pont de Nemours and Company, Holding Company Composite, Johns Manville, Johnson Controls, Koninklijke Ten Cate N.V., Owens Corning, Saertex, Scott Bader Company, UFP Technologies, and Zhongfu Shenying Carbon Fiber.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is introduction of innovative composites. The global automotive composites market is experiencing an increase in the R&D of materials having superior properties, such as fuel efficiency, crashworthiness, and high strength. The investment in R&D has already led to the introduction of some innovative products by vendors.”

According to the report, one of the major drivers for this market is increase in automotive regulatory requirements. The number of laws and regulations that emphasize on the reduction of carbon dioxide emissions from automobiles are on the rise. The Kyoto Protocol (was introduced in 1992 and had the first commitment period in 2012) is one such regulation that restricts the emission of carbon dioxide and other greenhouse gasses into the atmosphere.

Further, the report states that one of the major factors hindering the growth of this market is high cost of composites. The costs of majority of the composites are higher than that of their substitutes such as plastics, metals and other polymers. Carbon fiber composites are the costliest among all composites. Carbon fiber composites account for around 34% of the polymer matrix composites market. The R&D and manufacturing costs of carbon fiber composites are high, almost eight times higher than that of steel.



Companies Mentioned

Cytec Solvay, Mitsubishi Rayon, SGL Group, Teijin, Toray Industries, Hexcel Corporation, DowAksa, E. I. du Pont de Nemours and Company, Holding Company Composite, Johns Manville, Johnson Controls, Koninklijke Ten Cate N.V., Owens Corning, Saertex, Scott Bader Company, UFP Technologies, Zhongfu Shenying Carbon Fiber.

  • Executive summary
  • Scope of the report
    • Market overview
    • Market size calculation
      • Table Global automotive composites market
      • Table Global automotive composites market by product type
      • Table Global automotive composites market by application
      • Table Global automotive composites market by geography
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
      • Table Introduction of composites in automotive industry by year
      • Table Global four wheeler automotive production 2016-2021 (in unit millions)
  • Market landscape
    • Global automotive composites market
      • Table Global automotive composites market 2016-2021 ($ millions)
      • Table Forecast of global automotive composites market 2016-2021 ($ millions)
    • Global customer base concentration
      • Table Global automotive composites market: Concentration of customer base by region
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global automotive composites market by product type
      • Table Global automotive composites market by product type 2016
      • Table Global automotive composites market by product type 2021
      • Table YoY market share of automotive composites product type 2016-2021
    • Global automotive composites market by polymer matrix composites
      • Table Global automotive composites market by polymer matrix composites 2016-2021 ($ millions)
      • Table Forecast of global automotive composites market by polymer matrix composites 2016-2021 ($ millions)
    • Global automotive composites market by metal matrix composites
      • Table Global automotive composites market by metal matrix composites 2016-2021 ($ millions)
      • Table Forecast of global automotive composites market by metal matrix composites 2016-2021 ($ millions)
    • Global automotive composites market by ceramic matrix composites
      • Table Global automotive composites market by ceramic matrix composites 2016-2021 ($ millions)
      • Table Forecast of global automotive composites market by ceramic matrix composites 2016-2021 ($ millions)
  • Market segmentation by application
    • Global automotive composites market by application
      • Table Global automotive composites market by application 2016
      • Table Global automotive composites market by application 2021
      • Table YoY market share of automotive composites market by application 2016-2021
    • Global automotive composites market in exterior components
      • Table Global automotive composites market in exterior components 2016-2021 ($ millions)
      • Table Forecast of global automotive composites market in exterior components 2016-2021 ($ millions)
    • Global automotive composites market in interior components
      • Table Global automotive composites market in interior components 2016-2021 ($ millions)
      • Table Forecast of global automotive composites market in interior components 2016-2021 ($ millions)
    • Global automotive composites market in structural and powertrain components
      • Table Global automotive composites market in structural and powertrain components 2016-2021 ($ millions)
      • Table Forecast of global automotive composites market in structural and powertrain components 2016-2021 ($ millions)
    • Global automotive composites market in other components
      • Table Global automotive composites market in other components 2016-2021 ($ millions)
      • Table Forecast of global automotive composites in other component market 2016-2021 ($ millions)
  • Geographical segmentation
    • Global automotive composites market by geography
      • Table Geographical segmentation 2016
      • Table Geographical segmentation 2021
      • Table YoY market share of automotive composites by geography
    • Automotive composites market in APAC
      • Table Automotive composites market in APAC 2016-2021 ($ millions)
      • Table Forecast of automotive composites market in APAC 2016-2021 ($ millions)
    • Automotive composites market in Europe
      • Table Automotive composites market in Europe 2016-2021 ($ millions)
      • Table Forecast of automotive composites market in Europe 2016-2021 ($ millions)
    • Automotive composites market in North America
      • Table Automotive composites market in North America 2016-2021 ($ millions)
      • Table Forecast of automotive composites market in North America 2016-2021 ($ millions)
    • Automotive composites market in ROW
      • Table Automotive composites market in ROW 2016-2021 ($ millions)
      • Table Forecast of automotive composites market in ROW 2016-2021 ($ millions)
  • Key leading countries
    • Table Key leading countries in automotive composites market
    • Table Automotive production statistics in key countries 2015 (in million units)
    • China
    • US
    • Japan
    • Germany
    • South Korea
    • India
  • Market drivers
    • Increase in automotive regulatory requirements
    • Superior properties of composites
    • Growing demand for fuel-efficient and green vehicles
    • Rapid expansion of OEMs and other automotive companies in APAC
      • Table Automotive production in key APAC countries (in million units)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High cost of composites
      • Table Carbon fiber cost breakdown
      • Table Manufacturing cost breakdown of carbon fiber
    • Limited recyclability of automotive composites
    • Issues related to crashworthiness and safety
    • High cost involved in testing and designing automotive composites
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Introduction of innovative composites
    • High demand from structural and powertrain components
    • Focus on use of composites in new energy vehicles
  • Vendor landscape
    • Competitive Scenario
    • Key market vendors
      • Table Key vendors of the global automotive composites market 2016
    • Other prominent vendors
    • Recent developments in automotive composites
      • Table Recent developments
    • Cytec Solvay
      • Table Cytec Solvay: Business segmentation
    • Mitsubishi Rayon (MRC)
      • Table MRC: Business segmentation by revenue 2015
    • SGL Group
      • Table SGL: Business segmentation by revenue 2015
      • Table SGL: Geographical segmentation by revenue
    • Teijin
      • Table Teijin: Business segmentation by revenue 2015
      • Table Teijin: Geographical segmentation by revenue 2015
    • Toray Industries
      • Table Toray: Business segmentation by revenue 2015
      • Table Toray: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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