Automotive Composites Market Thriving Worldwide: Key Players – DowAksa, Hexcel Corporation, SGL Group, ACP Composites, Owens Corning, Johns Manville Corporation

The newly released research at Market Study Report titled “2017-2024 Global Automotive Composites Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

The ongoing trend of reducing weight of the vehicles is likely to propel automotive composites market. Since light-weight vehicles lead to rise in fuel efficiency and reduce carbon emissions, regional governments have established a stringent regulatory framework with regards to their production, which is slated to impel automotive composites industry share. Most of the OEMs have also been working toward product innovation via numerous research and development activities to develop high strength and light weight composite materials for manufacturing automotive parts.

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Currently, most of the automakers use glass, natural, and carbon fiber-based composites for several automotive applications. Glass fiber is particularly popular among these, as it possesses excellent resistance to chemical attack and heat and displays a higher strength as compared to other material alternatives. In 2016, automotive composites industry size from glass fiber was pegged at USD 9 billion and is predicted to grow majorly over the years ahead.

Carbon fiber-based components are found to be rather difficult to restore, owing to which most companies have been making major investments to resolve the cost and refurbishment issues of carbon composites, by means of developing low-cost and hybrid composites. Most of the players in automotive composites market have also been working toward enhancing their manufacturing capacities in order to overcome the high costs associated with the set-up and refurbishment of composite materials.

Automotive composites market size from exterior applications is slated to be around USD 9 billion by 2024, owing to the prominent use of composites for manufacturing external automotive parts. The increasing importance for light-weight exterior parts is also a contributing factor toward using natural fiber based composite materials for exterior parts.

Regionally, Asia Pacific will cover more than 45% share of automotive composites industry over the coming timeframe. The establishment of a strong automotive manufacturing base across this region is one of the primary factors contributing toward APAC automotive composites market size. China and India have been forecast to be Asia’s prominent revenue pockets. Apart from APAC, Europe will also contribute significantly toward the growth of automotive composites market, pertaining to the surging deployment of regulatory norms in order to curb carbon emissions along with growing investments in R&D activities.

Automotive composites market witnessing companies making long-term strategic deals to gain a competitive edge. Some of the prominent participants in automotive composites industry are DowAksa, Hexcel Corporation, SGL Group, ACP Composites, Owens Corning, Johns Manville Corporation, and Revchem Composites.

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Table of Content:

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary
2.1. Automotive composites industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Fiber trends
2.1.3. Resin trends
2.1.4. Manufacturing process trends
2.1.5. Application trends
2.1.6. Regional trends

Chapter 3. Automotive Composites Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Suppliers
3.3.2. Manufacturers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.4. Pricing analysis
3.4.1. By Material
3.4.1.1. By region
3.4.1.1.1. NA
3.4.1.1.2. Europe
3.4.1.1.3. APAC
3.4.1.1.4. LATAM
3.4.1.1.5. MEA
3.5. Cost structure analysis
3.5.1. R&D cost
3.5.2. Manufacturing & equipment cost

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