1. Market Research
  2. > Automotive Market Trends

Composite Materials Market by Material Type, Application & their Sub-Components, Vehicle Type, & by Region - Global Forecast to 2020

  • 169 pages, published in October 2015
  • By MarketsandMarkets
  • Report Number: 3349434

Summary

Table of Contents

Search Inside

“Composite Materials: Future of the Automotive Industry”
The composite materials market size is projected to grow at a promising CAGR of 12.94% during the forecast period of 2015 to 2020, to reach USD 11.26 billion by 2020. Major OEMs partnering with composite material manufacturers, government regulations and mandates regarding fuel efficiently, and rising demand for fuel efficient vehicles are some of the drivers fueling growth in sales of automotive composite materials globally.

“CFRP: the fastest growing composite material”
The fastest growing composite material in the automotive industry is carbon fiber reinforced polymer (CFRP). Carbon fiber is presently the most prominent lightweight material in the automotive industry, due to its high potential for weight reduction in certain applications. BMW (Germany) and Daimler AG (Germany) have already developed working relationships with material providers such as SGL Carbon Group (Germany) and Toray Industries Inc. (Japan) respectively, to jointly develop processes and techniques to bring carbon fiber vehicles to the market. The main applications where these composites are used include structural, powertrain, exterior, and interior.

“Emerging economies to dominate the composite materials market”
The automotive composite materials market has witnessed considerable growth in emerging economies such as China, India, and Mexico, owing to rising vehicle production, and increasingly stringent emission, safety and fuel economy norms. The automotive composite materials market is projected to be the largest in Asia-Oceania from 2015 to 2020. This can be attributed to rising demand for automobiles in this region. Improving emission regulations, rising awareness about eco-friendly systems, and benefits of better fuel efficiency are the key factors driving the growth of the automotive composite materials market in Asia-Oceania.

The study also contains insights provided by various industry experts ranging from material suppliers to Tier-I companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 - 47 %, Tier 2 - 33% and Others - 20%
- By Designation - C level - 40%, Director level - 27%, Others - 33%
- By Region - North America - 20%, Europe - 27%, Asia-Oceania - 53%

Some of the major companies involved in this market, such as, Toray (Japan), Cytec (U.S.), SGL Carbon (Germany), Teijin Limited (Japan), and TenCate NV (Netherlands) among others have been comprehensively profiled in this report.

Other companies profiled in the study includes:
- Johns Manville (the U.S.)
- Mitsubishi Rayon Co. Ltd (Japan)
- Owens Corning (the U.S.)
- Johnson Controls, Inc. (the U.S.)
- Jushi Group Co., Ltd. (China)

Reasons to Buy the Report:
The report provides insights with reference to the following points:
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for automotive composite materials across regions
- Product Development/Innovation: Detailed insights of the R&D activities, upcoming technologies, and new product launches in the global automotive composite materials market
- Market Diversification: Detailed information about untapped markets, investments, new products, and recent developments in the global automotive composite materials market
- Competitive Assessment: In-depth assessment of strategies, products, manufacturing capabilities of leading players, in the global automotive composite materials market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you get this report now

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers
2017 Global Automotive Aftermarket Outlook

2017 Global Automotive Aftermarket Outlook

  • $ 10000
  • Industry report
  • March 2017
  • by Frost & Sullivan

B2B eCommerce, Uberization of Repair Services will Draw Investment and Determine Competitive Strategy Global vehicles in operation will increase significantly over the 2017–2018 period, driving new opportunities ...

Digital Transformation of the Automotive Industry

Digital Transformation of the Automotive Industry

  • $ 10000
  • Industry report
  • March 2017
  • by Frost & Sullivan

Digitalization Spending to Grow Rapidly to $82.01 Billion in 2020 Research Scope In 2015, automotive industry investments in key focus areas were about $19.57 billion. Growing digitalization and advancements ...

Automotive Lightweight Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Automotive Lightweight Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

  • $ 7795
  • Industry report
  • February 2017
  • by Transparency Market Research

Global Automotive Lightweight Materials Market: Overview This report analyzes and forecasts the market for Automotive Lightweight Materials at the global and regional level. The market has been forecast ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.