Shopping Cart 0
Cart Subtotal
AED 0

North America Market Insights on Automotive Composite Materials, 2018-2024: 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)

Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only.
Print Option: Yes
Copy Option: No
Deliverable Format : PDF Via Email

Single User License
AED 8625

Restricted to one authorized user; Open on 1 PC/ mobile / Tablet only.
Print Option: Yes
Copy Option: No
Deliverable Format : PDF Via Email

Site License
AED 11561

Multiple Users within the Company/ Enterprise
Print Option: Yes
Copy Option: Yes
Deliverable Format : Excel, PDF Via Email

Corporate User License
AED 21653

Details

The automotive industry holds a significant share of North America's economy as the region is the second-largest vehicle producer in the world. According to a ranking published by Environment Protection Agency (EPA) published in 2017, North America's largest automotive industry, the U.S held the second position with a 15% share among all other countries. However, the increase in the number of vehicles leads to a subsequent increase in Greenhouse Gases (GHG) emissions. This increase in the GHG level in the atmosphere is of utmost importance to the governing bodies in the region. Following this, the National Highway Traffic Safety Administration (NHTSA) and Environment Protection Agency (EPA) issued emission regulations under the Energy Policy and Conservation Act and Clear Air Act respectively. Both the agencies together finalized certain Carbon Dioxide (CO2) limits for passenger cars and commercial vehicles for 2025. They together set a target value of 89 g/km of CO2 emission for passenger cars, 126g/km of CO2 emission for light trucks and 101 g/km for combined cars and trucks.

The firmness from the government side made the auto players find ways to reduce GHG emissions by their vehicles. In this respect, using composite materials is one the most preferred was of reducing GHG emissions. The usage of composite materials not only reduces the emission but also imparts superior properties than the traditional materials. Besides this, there is a growing adoption of composite materials in fuel-efficient vehicles, as they compensate the weight increased by the batteries. Further, the presence of some of the leading automotive OEMs and composite material suppliers strengthens the North America automotive composite materials market. Some of the composite materials players in North America include Hexel Corporation, Continental Structural Plastics, Cytec Industries, Dow Automotive Systems, DuPont and Magna International Inc., among others. In addition to this, with the growing demand for composite materials in North America, there is a visible increase in the number of material supplier startups. Owing to this, the North America automotive composite materials market is expected to reach US USD 1,454.87 million in 2024 from US USD 692.67 million in 2017 at a CAGR of 11.3% during the forecast period (2018-2024).On the other hand, the major factors that are hampering the market growth are the high cost of the raw materials and recyclability issues. In spite of this, the increasing demand for hybrid composites and increasing OEM and supplier relationships within the region are considered to be the key opportunity areas for the players in the supply chain.

Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite are different types of composite materials widely used across the automotive industry. 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. Owing to such factors, North America polymer matrix composite segment held the highest market value of US USD 525.5 million in 2017 and is anticipated to reach US USD 1,096.5 million by 2024 at a CAGR of 11.2% during the forecast period (2018-2024). However, because of lower cost, lesser cycle time and better structural and mechanical properties of hybrid composites, they have high growth opportunities and are expected to growth at a CAGR of 13.9% during the forecast period (2018-2024).

The properties of the composite materials change with the manufacturing techniques, hence these techniques are considered as an important aspect of the composites. Some of the popular manufacturing processes include Hand Lay Up, Compression Moulding, Injection Moulding, and Resin Transfer Moulding (RTM). Injection Moulding dominated the North American market in 2017 with a market value of US USD 318.8 million and is anticipated to reach US USD 669.90 million by 2024 at a CAGR of 11.3% during the forecast period (2018-2024). On the other side, RTM will be the fastest-growing manufacturing process, because of its growing adoption in the auto industry. RTM is widely used for mass production of large and complex surfaces, they completely satisfy the low cost- high volume requirement of the automotive industry. RTM held US USD 57.3 million market value in 2017 and is expected to reach US USD 130.4 million by 2024 at a CAGR of 12.6% during the forecast period.

Moreover, a visible surge in the usage of composite materials is witnessed across all the vehicle segments. These are replacing steel, aluminum and other materials in vehicle interiors, exteriors, structures, chassis, powertrain, and others. Among different application areas, the exterior application held the highest market value with a market value of US USD 470.6 million in 2017 and is anticipated to grow at a CAGR of 11.1% to reach US USD 978.40 million by the end of the forecast period. However, the stringent regulations on vehicle interior air quality within the region are expected to fuel the demand for composite demand for vehicle interiors. Owing to this, North America's interior application market is poised to grow at a CAGR of 12.3% during the forecast period (2018-2024).

Among several vehicle types, which include passenger cars, Super Cars, and others, the passenger car segment is the largest vehicle market in the region. Hence passenger cars held the highest market share with the market value of US USD 680.4 million in 2017 and are anticipated to reach US USD 1,400.0 million by 2024 at a CAGR of 11.0%. In addition to this, the largest market share of passenger cars among the vehicle segment is attributed to the growing adoption of composites in this segment.

In the North America automotive composite materials market, the U.S dominated the market. It is evident from the fact that the U.S has the largest automotive industry in the region, further the presence of several material suppliers, automotive OEMs, stringent emission regulations and increasing adoption of composites in electric vehicles are attributed to be the major factors for the dominance of the U.S in the region. The U.S automotive composite materials market was valued at US USD 531.1 million in 2017 and is anticipated to reach US USD 1,028.0 million by 2024 at a CAGR of 10.0% during the forecast period. Some of the major local and foreign key players active in the North America automotive composite materials market include BASF, DowDupont, Gurit Holding AG, Magna International Inc., Mitsubishi Chemicals Holding Corporation, Owens Corning, SGL Group, Solvay S.A., Teijin Limited and Toray Industries Inc. These players are entering into several competitive strategies (partnerships, merger-acquisitions, joint venture, new product launch, business expansion, and others) with each other or other supplier or automotive OEMs to strengthen their position in the North America automotive composite materials market.
READ MORE

Table Of Content

Scope

1 MARKET INTRODUCTION

1.1 Market Definition

1.2 Objective of the Study

1.3 Limitation

1.4 Stakeholders

1.5 Currency used in the Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 Secondary Data

2.1.1 Key Secondary Sources

2.2 Primary Data

2.2.1 Sampling Techniques & Data Collection Methods

2.2.2 Primary Participants

3 INDUSTRY PERFORMANCE

4 EXECUTIVE SUMMARY

5 MARKET OVERVIEW

5.1 Market Dynamics

5.1.1 Market Trends & Drivers

5.1.1.1 Stringent Government Regulations on GHG emission

5.1.1.2 Increasing Demand of Composites among Hybrid and Electric Vehicles

5.1.1.3 Superior Structural and Mechanical Properties

5.1.2 Market Restraints

5.1.2.1 High Cost of the Raw Materials

5.1.2.2 Lack of Innovation and Advancements in Emerging Countries

5.1.3 Opportunities

5.1.3.1 Growing Scope of Hybrid Composite Materials

5.1.3.2 Increase in partnerships Between OEMs and Composite Manufacturers

6 BENEFITS OF COMPOSITE MATERIALS

7 MARKET INSIGHTS BY MATERIAL TYPE

7.1 General Overview

7.2 Polymer Matrix Composite (PMC)

7.2.1 Thermoset Matrix

7.2.2 Thermoplastic Matrix

7.3 Metal Matrix Composite (MMC)

7.4 Ceramic Matrix Composite (CMC)

7.5 Hybrid Composites

8 MARKET INSIGHTS BY MANUFACTURING PROCESS

8.1 General Overview

8.2 Hand Lay up

8.3 Compression Molding

8.4 Injection Molding

8.5 Resin Transfer Molding

9 MARKET INSIGHTS BY APPLICATION

9.1 General Overview

9.2 Interior

9.3 Exterior

9.4 Chassis, Powertrain and Under the Hood

9.5 Structural

10 MARKET INSIGHTS BY VEHICLE TYPES

10.1 Overview

10.2 Performance Cars

10.3 Passenger Cars

10.4 Others (Light Commercial Vehicles, Buses, Trucks and Others)

11 MARKET INSIGHTS BY COUNTRY

11.1 General Overview

11.1.1 North America Automotive Composite Materials Market, by Material Type

11.1.2 North America Automotive Composite Market, by Manufacturing Process

11.1.3 North America Automotive Composite Materials market, by Application

11.1.4 North America Automotive Composite Materials Market, by Vehicle Type

11.1.5 North America Automotive Composite Materials Market, by Country

11.1.5.1 United States Automotive Composite Materials Market

11.1.5.1.1 United States Automotive Composite Market, by Material Type

11.1.5.1.2 United States Automotive Composite Market, by Manufacturing Process

11.1.5.1.3 United States Automotive Composite Market, by Application

11.1.5.1.4 United States Automotive Composite Market, by Vehicle Type

11.1.5.2 Canada Automotive Composite Materials Market

11.1.5.2.1 Canada Automotive Composite Market, by Material Type

11.1.5.2.2 Canada Automotive Composite Market, by Manufacturing Process

11.1.5.2.3 Canada Automotive Composite Market, by Application

11.1.5.2.4 Canada Automotive Composite Market, by Vehicle Type

11.1.5.3 Mexico Automotive Composite Materials Market

11.1.5.3.1 Mexico Automotive Composite Market, by Material Type

11.1.5.3.2 Mexico Automotive Composite Market, by Manufacturing Process

11.1.5.3.3 Mexico Automotive Composite Market, by Application

11.1.5.3.4 Mexico Automotive Composite Market, by Vehicle Type

11.1.5.4 Rest of NA Automotive Composite Materials Market

11.1.5.4.1 Rest of NA Automotive Composite Market, by Material Type

11.1.5.4.2 Rest of NA Automotive Composite Market, by Manufacturing Process

11.1.5.4.3 Rest of NA Automotive Composite Market, by Application

11.1.5.4.4 Rest of NA Automotive Composite Market, by Vehicle Type

12 COMPETITIVE SCENARIO

12.1 North America Automotive Composite Materials Market Share of Major Players, 2017

13 COMPANY PROFILES

13.1 BASF SE

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Key Product/Services Offerings

13.1.4 SWOT Analysis

13.1.5 Key Financials

13.1.5.1 Revenue Split, by Region

13.1.5.2 Revenue Split, by Business Segment

13.1.6 Recent Developments

13.2 DowDuPont Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Key Product/Services Offerings

13.2.4 SWOT Analysis

13.2.5 Key Financials

13.2.5.1 Revenue Split, by Region

13.2.5.2 Revenue Split, by Business Segment

13.2.6 Recent developments

13.3 Gurit Holding AG

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Key Product/Services Offerings

13.3.4 SWOT Analysis

13.3.5 Key Financials

13.3.5.1 Revenue Split, by Region

13.3.5.2 Revenue Split, by Business Segment

13.3.6 Recent developments

13.4 Magna International Inc.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Key Product/Services Offerings

13.4.4 SWOT Analysis

13.4.5 Key Financials

13.4.5.1 Revenue Split, by Region

13.4.5.2 Revenue Split, by Business Segment

13.4.6 Recent developments

13.5 Mitsubishi Chemical Holdings Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Key Product/Services Offerings

13.5.4 SWOT Analysis

13.5.5 Key Financials

13.5.5.1 Revenue Split, by Region

13.5.5.2 Revenue Split, by Business Segment

13.5.6 Recent developments

13.6 Owens Corning

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Key Product/Services Offerings

13.6.4 SWOT Analysis

13.6.5 Key Financials

13.6.5.1 Revenue Split, by Region

13.6.5.2 Revenue Split, by Business Segment

13.6.6 Recent developments

13.7 SGL Group

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 SWOT Analysis

13.7.4 Key Financials

13.7.4.1 Revenue Split, by Region

13.7.4.2 Revenue Split, by Business Segment

13.7.4.3 Revenue of CFM, by Industry

13.7.4.4 Revenue of GMS, by Industry

13.7.5 Recent developments

13.8 Solvay SA

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Key Product/Services Offerings

13.8.4 SWOT Analysis

13.8.5 Key Financials

13.8.5.1 Revenue Split, by Region

13.8.5.2 Revenue Split, by Business Segment

13.8.1 Recent developments

13.9 Teijin Limited

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Key Product/Services Offerings

13.9.4 SWOT Analysis

13.9.5 Key Financials

13.9.5.1 Revenue Split, by Region

13.9.5.2 Revenue Split, by Business Segment

13.9.6 Recent developments

13.1 Toray Industries Inc.

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Key Product/Services Offerings

13.10.4 SWOT Analysis

13.10.5 Key Financials

13.10.5.1 Revenue Split, by Region

13.10.5.2 Revenue Split, by Business Segment

13.10.6 Recent developments


List Of Figure

FIG. 1 North America Automotive Composites Market Size, 2014-24 (USD Mn)

FIG. 2 Electric Vehicles Sales by Country (Thousands), 2015 & 2016

FIG. 3 Distribution of Crash Positions in a Vehicle

FIG. 4 Cost Comparison of Automotive Materials

FIG. 5 Supply Chain of Automotive Composite Materials Market

FIG. 6 Different Stages in Value Chain of Automotive Composite Materials Industry

FIG. 7 Benefits of Composite Material

FIG. 8 North America Automotive Composite Materials Market Share, by Material type, 2017 & 2024 (%)

FIG. 9 North America Automotive Composite Materials Market Size, by Material type 2017-2024 (USD Mn)

FIG. 10 North America PMC Market Size, by Country, 2017-24 (USD Mn)

FIG. 11 North America PMC market, by Matrix Type, 2017-24 (USD Mn)

FIG. 12 North America Thermoset Matrix Market Size, by Country, 2017-24 (USD Mn)

FIG. 13 North America Thermoplastic Matrix Market Size, by Country, 2017-24 (USD Mn)

FIG. 14 North America Metal Matrix Composite Market Size, by Country, 2017-24 (USD Mn)

FIG. 15 North America Ceramic Matrix Composite Market Size, by Country, 2017-24 (USD Mn)

FIG. 16 North America Ceramic Matrix Composite Market Size, by Country, 2017-24 (USD Mn)

FIG. 17 North America Automotive Composites Market Share, by Manufacturing Process, 2017 & 2024 (%)

FIG. 18 North America Automotive Composites Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 19 North America Hand lay Up Market Size, by Country, 2017-24 (USD Mn)

FIG. 20 North America Compression Moulding Market Size, by Country, 2017-24 (USD Mn)

FIG. 21 North America Injection Moulding Market Size, by Country, 2017-24 (USD Mn)

FIG. 22 North America Resin Transfer Moulding Market Size, by Country, 2017-24 (USD Mn)

FIG. 23 North America Automotive Composites Market Size, by Application Type, 2017 & 2024 (%)

FIG. 24 North America Automotive Composites Market Size, by Application Type, 2017-24 (USD Mn)

FIG. 25 North America Interior Application Market Size, by Country, 2017-24 (USD Mn)

FIG. 26 North America Interior Application Market Size, by Country, 2017-24 (USD Mn)

FIG. 27 North America Chassis, Powertrain and Under the Hood Application Market Size, by Country, 2017-24 (USD Mn)

FIG. 28 North America Structural Application Market Size, by Country, 2017-24 (USD Mn)

FIG. 29 North America Automotive Composites Market Share, by Vehicle Type, 2017 & 2024 (%)

FIG. 30 North America Automotive Composites Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 31 North America Super Cars Market Size, by Country, 2017-24 (USD Mn)

FIG. 32 North America Passenger Cars Market Size, by Country, 2017-24 (USD Mn)

FIG. 33 North America Other Cars Market Size, by Country, 2017-24 (USD Mn)

FIG. 34 North America Automotive Composite Materials Market Share, by Country, 2017 & 2024 (%)

FIG. 35 North America Automotive Composite Materials Market Size, by Country, 2017-24 (USD Mn)

FIG. 36 The US Automotive Composite Materials Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 37 The US Polymer Matrix Composites Market Size, by Matrix Type, 2017-24 (USD Mn)

FIG. 38 The US Automotive Composite Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 39 The US Automotive Composite Materials Market Size, by Application, 2017-24 (USD Mn)

FIG. 40 The US Automotive Composite Materials Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 41 Canada Automotive Composite Materials Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 42 Canada Polymer Matrix Composites Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 43 Canada Automotive Composite Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 44 Canada Automotive Composite Materials Market Size, by Application, 2017-24 (USD Mn)

FIG. 45 Canada Automotive Composite Materials Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 46 Mexico Automotive Composite Materials Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 47 Mexico Polymer Matrix Composites Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 48 Mexico Automotive Composite Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 49 Mexico Automotive Composite Materials Market Size, by Application, 2017-24 (USD Mn)

FIG. 50 Mexico Automotive Composite Materials Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 51 Rest of NA Automotive Composite Materials Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 52 Rest of NA Polymer Matrix Composites Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 53 Rest of NA Automotive Composite Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 54 Rest of NA Automotive Composite Materials Market Size, by Application, 2017-24 (USD Mn)

FIG. 55 Rest of NA Automotive Composite Materials Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 56 NA Automotive Composite Materials Market Share by Key Players, 2017

FIG. 57 BASF, SWOT Analysis

FIG. 58 BASF SE, Revenue Split, 2017

FIG. 59 Cisco Systems, SWOT Analysis

FIG. 60 DowDuPont Inc., Revenue Split, 2017

FIG. 61 Gurit Holding, SWOT Analysis

FIG. 62 Gurit Holding, Revenue Split, 2017

FIG. 63 Cisco Systems, SWOT Analysis

FIG. 64 Magna International, Revenue Split, 2017

FIG. 65 Mitsubishi Chemical, SWOT Analysis

FIG. 66 Cisco Systems, Revenue Split, 2017

FIG. 67 Owens Corning, SWOT Analysis

FIG. 68 Owens Corning, Revenue Split, 2017

FIG. 69 SGL Group, SWOT Analysis

FIG. 70 SGL Group, Revenue Split, 2017

FIG. 71 Solvay, SWOT Analysis

FIG. 72 Cisco Systems, Revenue Split, 2017

FIG. 73 Teijin Limited, SWOT Analysis

FIG. 74 Teijin Limited, Revenue Split, 2017

FIG. 75 Toray Industries, SWOT Analysis

FIG. 76 Toray Industries, Revenue Split, 2017


List Of Table

TABLE 1 Regulations on GHG Emission

TABLE 2 BASF SE Key Facts

TABLE 3 Products segmentation of BASF SE

TABLE 4 BASF SE Growth Strategy

TABLE 5 BASF SE financials, USD Mn

TABLE 6 DowDuPont Inc. key facts

TABLE 7 Products segmentation of DowDuPont Inc.

TABLE 8 DowDuPont Inc. Growth Strategy

TABLE 9 DowDuPont Inc. Financials, USD Mn

TABLE 10 Gurit Holding AG Key Facts

TABLE 11 Products segmentation of Gurit Holding AG

TABLE 12 Gurit Holding AG Growth Strategy

TABLE 13 Gurit Holding AG financials, USD Mn

TABLE 14 Magna International Inc. Key Facts

TABLE 15 Products segmentation of Magna International Inc.

TABLE 16 Magna International Inc. Financials, USD Mn

TABLE 17 Mitsubishi Chemical Holdings Corporation Key Facts

TABLE 18 Products segmentation of Mitsubishi Chemical Holdings Corporation

TABLE 19 Mitsubishi Chemical Holdings Corporation Financials, USD Mn

TABLE 20 Owens Corning Key Facts

TABLE 21 Products segmentation of Owens Corning

TABLE 22 Owens Corning Growth Strategy

TABLE 23 Owens Corning Financials, USD Mn

TABLE 24 SGL Group key facts

TABLE 25 Products segmentation of Cisco Systems

TABLE 26 SGL Group, Growth Strategy

TABLE 27 SGL Group financials, USD Mn

TABLE 28 Solvay SA key facts

TABLE 29 Products segmentation of Solvay SA

TABLE 30 Solvay SA Growth Strategy

TABLE 31 Solvay SA financials, USD Mn

TABLE 32 Teijin Limited name key facts

TABLE 33 Products segmentation of Teijin Limited

TABLE 34 Teijin Limited Growth Strategy

TABLE 35 Teijin Limited name financials, USD Mn

TABLE 36 Toray Industries Inc. name key facts

TABLE 37 Products segmentation of Toray Industries Inc.

TABLE 38 Toray Industries Inc. Growth Strategy

TABLE 39 Toray Industries Inc. name financials, USD Mn

Licence Rights

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products and Companies


Companies

BASF SE, DowDuPont Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings Corporation, Owens Corning, SGL Group, Solvay SA, Teijin Limited, Toray Industries Inc.

Company Profile

Company Profile Title

The automotive industry holds a significant share of North America's economy as the region is the second-largest vehicle producer in the world. According to a ranking published by Environment Protection Agency (EPA) published in 2017, North America's largest automotive industry, the U.S held the second position with a 15% share among all other countries. However, the increase in the number of vehicles leads to a subsequent increase in Greenhouse Gases (GHG) emissions. This increase in the GHG level in the atmosphere is of utmost importance to the governing bodies in the region. Following this, the National Highway Traffic Safety Administration (NHTSA) and Environment Protection Agency (EPA) issued emission regulations under the Energy Policy and Conservation Act and Clear Air Act respectively. Both the agencies together finalized certain Carbon Dioxide (CO2) limits for passenger cars and commercial vehicles for 2025. They together set a target value of 89 g/km of CO2 emission for passenger cars, 126g/km of CO2 emission for light trucks and 101 g/km for combined cars and trucks.

The firmness from the government side made the auto players find ways to reduce GHG emissions by their vehicles. In this respect, using composite materials is one the most preferred was of reducing GHG emissions. The usage of composite materials not only reduces the emission but also imparts superior properties than the traditional materials. Besides this, there is a growing adoption of composite materials in fuel-efficient vehicles, as they compensate the weight increased by the batteries. Further, the presence of some of the leading automotive OEMs and composite material suppliers strengthens the North America automotive composite materials market. Some of the composite materials players in North America include Hexel Corporation, Continental Structural Plastics, Cytec Industries, Dow Automotive Systems, DuPont and Magna International Inc., among others. In addition to this, with the growing demand for composite materials in North America, there is a visible increase in the number of material supplier startups. Owing to this, the North America automotive composite materials market is expected to reach US USD 1,454.87 million in 2024 from US USD 692.67 million in 2017 at a CAGR of 11.3% during the forecast period (2018-2024).On the other hand, the major factors that are hampering the market growth are the high cost of the raw materials and recyclability issues. In spite of this, the increasing demand for hybrid composites and increasing OEM and supplier relationships within the region are considered to be the key opportunity areas for the players in the supply chain.

Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite are different types of composite materials widely used across the automotive industry. 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. Owing to such factors, North America polymer matrix composite segment held the highest market value of US USD 525.5 million in 2017 and is anticipated to reach US USD 1,096.5 million by 2024 at a CAGR of 11.2% during the forecast period (2018-2024). However, because of lower cost, lesser cycle time and better structural and mechanical properties of hybrid composites, they have high growth opportunities and are expected to growth at a CAGR of 13.9% during the forecast period (2018-2024).

The properties of the composite materials change with the manufacturing techniques, hence these techniques are considered as an important aspect of the composites. Some of the popular manufacturing processes include Hand Lay Up, Compression Moulding, Injection Moulding, and Resin Transfer Moulding (RTM). Injection Moulding dominated the North American market in 2017 with a market value of US USD 318.8 million and is anticipated to reach US USD 669.90 million by 2024 at a CAGR of 11.3% during the forecast period (2018-2024). On the other side, RTM will be the fastest-growing manufacturing process, because of its growing adoption in the auto industry. RTM is widely used for mass production of large and complex surfaces, they completely satisfy the low cost- high volume requirement of the automotive industry. RTM held US USD 57.3 million market value in 2017 and is expected to reach US USD 130.4 million by 2024 at a CAGR of 12.6% during the forecast period.

Moreover, a visible surge in the usage of composite materials is witnessed across all the vehicle segments. These are replacing steel, aluminum and other materials in vehicle interiors, exteriors, structures, chassis, powertrain, and others. Among different application areas, the exterior application held the highest market value with a market value of US USD 470.6 million in 2017 and is anticipated to grow at a CAGR of 11.1% to reach US USD 978.40 million by the end of the forecast period. However, the stringent regulations on vehicle interior air quality within the region are expected to fuel the demand for composite demand for vehicle interiors. Owing to this, North America's interior application market is poised to grow at a CAGR of 12.3% during the forecast period (2018-2024).

Among several vehicle types, which include passenger cars, Super Cars, and others, the passenger car segment is the largest vehicle market in the region. Hence passenger cars held the highest market share with the market value of US USD 680.4 million in 2017 and are anticipated to reach US USD 1,400.0 million by 2024 at a CAGR of 11.0%. In addition to this, the largest market share of passenger cars among the vehicle segment is attributed to the growing adoption of composites in this segment.

In the North America automotive composite materials market, the U.S dominated the market. It is evident from the fact that the U.S has the largest automotive industry in the region, further the presence of several material suppliers, automotive OEMs, stringent emission regulations and increasing adoption of composites in electric vehicles are attributed to be the major factors for the dominance of the U.S in the region. The U.S automotive composite materials market was valued at US USD 531.1 million in 2017 and is anticipated to reach US USD 1,028.0 million by 2024 at a CAGR of 10.0% during the forecast period. Some of the major local and foreign key players active in the North America automotive composite materials market include BASF, DowDupont, Gurit Holding AG, Magna International Inc., Mitsubishi Chemicals Holding Corporation, Owens Corning, SGL Group, Solvay S.A., Teijin Limited and Toray Industries Inc. These players are entering into several competitive strategies (partnerships, merger-acquisitions, joint venture, new product launch, business expansion, and others) with each other or other supplier or automotive OEMs to strengthen their position in the North America automotive composite materials market.
READ MORE

Scope

1 MARKET INTRODUCTION

1.1 Market Definition

1.2 Objective of the Study

1.3 Limitation

1.4 Stakeholders

1.5 Currency used in the Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 Secondary Data

2.1.1 Key Secondary Sources

2.2 Primary Data

2.2.1 Sampling Techniques & Data Collection Methods

2.2.2 Primary Participants

3 INDUSTRY PERFORMANCE

4 EXECUTIVE SUMMARY

5 MARKET OVERVIEW

5.1 Market Dynamics

5.1.1 Market Trends & Drivers

5.1.1.1 Stringent Government Regulations on GHG emission

5.1.1.2 Increasing Demand of Composites among Hybrid and Electric Vehicles

5.1.1.3 Superior Structural and Mechanical Properties

5.1.2 Market Restraints

5.1.2.1 High Cost of the Raw Materials

5.1.2.2 Lack of Innovation and Advancements in Emerging Countries

5.1.3 Opportunities

5.1.3.1 Growing Scope of Hybrid Composite Materials

5.1.3.2 Increase in partnerships Between OEMs and Composite Manufacturers

6 BENEFITS OF COMPOSITE MATERIALS

7 MARKET INSIGHTS BY MATERIAL TYPE

7.1 General Overview

7.2 Polymer Matrix Composite (PMC)

7.2.1 Thermoset Matrix

7.2.2 Thermoplastic Matrix

7.3 Metal Matrix Composite (MMC)

7.4 Ceramic Matrix Composite (CMC)

7.5 Hybrid Composites

8 MARKET INSIGHTS BY MANUFACTURING PROCESS

8.1 General Overview

8.2 Hand Lay up

8.3 Compression Molding

8.4 Injection Molding

8.5 Resin Transfer Molding

9 MARKET INSIGHTS BY APPLICATION

9.1 General Overview

9.2 Interior

9.3 Exterior

9.4 Chassis, Powertrain and Under the Hood

9.5 Structural

10 MARKET INSIGHTS BY VEHICLE TYPES

10.1 Overview

10.2 Performance Cars

10.3 Passenger Cars

10.4 Others (Light Commercial Vehicles, Buses, Trucks and Others)

11 MARKET INSIGHTS BY COUNTRY

11.1 General Overview

11.1.1 North America Automotive Composite Materials Market, by Material Type

11.1.2 North America Automotive Composite Market, by Manufacturing Process

11.1.3 North America Automotive Composite Materials market, by Application

11.1.4 North America Automotive Composite Materials Market, by Vehicle Type

11.1.5 North America Automotive Composite Materials Market, by Country

11.1.5.1 United States Automotive Composite Materials Market

11.1.5.1.1 United States Automotive Composite Market, by Material Type

11.1.5.1.2 United States Automotive Composite Market, by Manufacturing Process

11.1.5.1.3 United States Automotive Composite Market, by Application

11.1.5.1.4 United States Automotive Composite Market, by Vehicle Type

11.1.5.2 Canada Automotive Composite Materials Market

11.1.5.2.1 Canada Automotive Composite Market, by Material Type

11.1.5.2.2 Canada Automotive Composite Market, by Manufacturing Process

11.1.5.2.3 Canada Automotive Composite Market, by Application

11.1.5.2.4 Canada Automotive Composite Market, by Vehicle Type

11.1.5.3 Mexico Automotive Composite Materials Market

11.1.5.3.1 Mexico Automotive Composite Market, by Material Type

11.1.5.3.2 Mexico Automotive Composite Market, by Manufacturing Process

11.1.5.3.3 Mexico Automotive Composite Market, by Application

11.1.5.3.4 Mexico Automotive Composite Market, by Vehicle Type

11.1.5.4 Rest of NA Automotive Composite Materials Market

11.1.5.4.1 Rest of NA Automotive Composite Market, by Material Type

11.1.5.4.2 Rest of NA Automotive Composite Market, by Manufacturing Process

11.1.5.4.3 Rest of NA Automotive Composite Market, by Application

11.1.5.4.4 Rest of NA Automotive Composite Market, by Vehicle Type

12 COMPETITIVE SCENARIO

12.1 North America Automotive Composite Materials Market Share of Major Players, 2017

13 COMPANY PROFILES

13.1 BASF SE

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Key Product/Services Offerings

13.1.4 SWOT Analysis

13.1.5 Key Financials

13.1.5.1 Revenue Split, by Region

13.1.5.2 Revenue Split, by Business Segment

13.1.6 Recent Developments

13.2 DowDuPont Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Key Product/Services Offerings

13.2.4 SWOT Analysis

13.2.5 Key Financials

13.2.5.1 Revenue Split, by Region

13.2.5.2 Revenue Split, by Business Segment

13.2.6 Recent developments

13.3 Gurit Holding AG

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Key Product/Services Offerings

13.3.4 SWOT Analysis

13.3.5 Key Financials

13.3.5.1 Revenue Split, by Region

13.3.5.2 Revenue Split, by Business Segment

13.3.6 Recent developments

13.4 Magna International Inc.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Key Product/Services Offerings

13.4.4 SWOT Analysis

13.4.5 Key Financials

13.4.5.1 Revenue Split, by Region

13.4.5.2 Revenue Split, by Business Segment

13.4.6 Recent developments

13.5 Mitsubishi Chemical Holdings Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Key Product/Services Offerings

13.5.4 SWOT Analysis

13.5.5 Key Financials

13.5.5.1 Revenue Split, by Region

13.5.5.2 Revenue Split, by Business Segment

13.5.6 Recent developments

13.6 Owens Corning

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Key Product/Services Offerings

13.6.4 SWOT Analysis

13.6.5 Key Financials

13.6.5.1 Revenue Split, by Region

13.6.5.2 Revenue Split, by Business Segment

13.6.6 Recent developments

13.7 SGL Group

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 SWOT Analysis

13.7.4 Key Financials

13.7.4.1 Revenue Split, by Region

13.7.4.2 Revenue Split, by Business Segment

13.7.4.3 Revenue of CFM, by Industry

13.7.4.4 Revenue of GMS, by Industry

13.7.5 Recent developments

13.8 Solvay SA

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Key Product/Services Offerings

13.8.4 SWOT Analysis

13.8.5 Key Financials

13.8.5.1 Revenue Split, by Region

13.8.5.2 Revenue Split, by Business Segment

13.8.1 Recent developments

13.9 Teijin Limited

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Key Product/Services Offerings

13.9.4 SWOT Analysis

13.9.5 Key Financials

13.9.5.1 Revenue Split, by Region

13.9.5.2 Revenue Split, by Business Segment

13.9.6 Recent developments

13.1 Toray Industries Inc.

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Key Product/Services Offerings

13.10.4 SWOT Analysis

13.10.5 Key Financials

13.10.5.1 Revenue Split, by Region

13.10.5.2 Revenue Split, by Business Segment

13.10.6 Recent developments


List Of Figure

FIG. 1 North America Automotive Composites Market Size, 2014-24 (USD Mn)

FIG. 2 Electric Vehicles Sales by Country (Thousands), 2015 & 2016

FIG. 3 Distribution of Crash Positions in a Vehicle

FIG. 4 Cost Comparison of Automotive Materials

FIG. 5 Supply Chain of Automotive Composite Materials Market

FIG. 6 Different Stages in Value Chain of Automotive Composite Materials Industry

FIG. 7 Benefits of Composite Material

FIG. 8 North America Automotive Composite Materials Market Share, by Material type, 2017 & 2024 (%)

FIG. 9 North America Automotive Composite Materials Market Size, by Material type 2017-2024 (USD Mn)

FIG. 10 North America PMC Market Size, by Country, 2017-24 (USD Mn)

FIG. 11 North America PMC market, by Matrix Type, 2017-24 (USD Mn)

FIG. 12 North America Thermoset Matrix Market Size, by Country, 2017-24 (USD Mn)

FIG. 13 North America Thermoplastic Matrix Market Size, by Country, 2017-24 (USD Mn)

FIG. 14 North America Metal Matrix Composite Market Size, by Country, 2017-24 (USD Mn)

FIG. 15 North America Ceramic Matrix Composite Market Size, by Country, 2017-24 (USD Mn)

FIG. 16 North America Ceramic Matrix Composite Market Size, by Country, 2017-24 (USD Mn)

FIG. 17 North America Automotive Composites Market Share, by Manufacturing Process, 2017 & 2024 (%)

FIG. 18 North America Automotive Composites Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 19 North America Hand lay Up Market Size, by Country, 2017-24 (USD Mn)

FIG. 20 North America Compression Moulding Market Size, by Country, 2017-24 (USD Mn)

FIG. 21 North America Injection Moulding Market Size, by Country, 2017-24 (USD Mn)

FIG. 22 North America Resin Transfer Moulding Market Size, by Country, 2017-24 (USD Mn)

FIG. 23 North America Automotive Composites Market Size, by Application Type, 2017 & 2024 (%)

FIG. 24 North America Automotive Composites Market Size, by Application Type, 2017-24 (USD Mn)

FIG. 25 North America Interior Application Market Size, by Country, 2017-24 (USD Mn)

FIG. 26 North America Interior Application Market Size, by Country, 2017-24 (USD Mn)

FIG. 27 North America Chassis, Powertrain and Under the Hood Application Market Size, by Country, 2017-24 (USD Mn)

FIG. 28 North America Structural Application Market Size, by Country, 2017-24 (USD Mn)

FIG. 29 North America Automotive Composites Market Share, by Vehicle Type, 2017 & 2024 (%)

FIG. 30 North America Automotive Composites Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 31 North America Super Cars Market Size, by Country, 2017-24 (USD Mn)

FIG. 32 North America Passenger Cars Market Size, by Country, 2017-24 (USD Mn)

FIG. 33 North America Other Cars Market Size, by Country, 2017-24 (USD Mn)

FIG. 34 North America Automotive Composite Materials Market Share, by Country, 2017 & 2024 (%)

FIG. 35 North America Automotive Composite Materials Market Size, by Country, 2017-24 (USD Mn)

FIG. 36 The US Automotive Composite Materials Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 37 The US Polymer Matrix Composites Market Size, by Matrix Type, 2017-24 (USD Mn)

FIG. 38 The US Automotive Composite Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 39 The US Automotive Composite Materials Market Size, by Application, 2017-24 (USD Mn)

FIG. 40 The US Automotive Composite Materials Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 41 Canada Automotive Composite Materials Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 42 Canada Polymer Matrix Composites Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 43 Canada Automotive Composite Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 44 Canada Automotive Composite Materials Market Size, by Application, 2017-24 (USD Mn)

FIG. 45 Canada Automotive Composite Materials Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 46 Mexico Automotive Composite Materials Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 47 Mexico Polymer Matrix Composites Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 48 Mexico Automotive Composite Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 49 Mexico Automotive Composite Materials Market Size, by Application, 2017-24 (USD Mn)

FIG. 50 Mexico Automotive Composite Materials Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 51 Rest of NA Automotive Composite Materials Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 52 Rest of NA Polymer Matrix Composites Market Size, by Material Type, 2017-24 (USD Mn)

FIG. 53 Rest of NA Automotive Composite Market Size, by Manufacturing Process, 2017-24 (USD Mn)

FIG. 54 Rest of NA Automotive Composite Materials Market Size, by Application, 2017-24 (USD Mn)

FIG. 55 Rest of NA Automotive Composite Materials Market Size, by Vehicle Type, 2017-24 (USD Mn)

FIG. 56 NA Automotive Composite Materials Market Share by Key Players, 2017

FIG. 57 BASF, SWOT Analysis

FIG. 58 BASF SE, Revenue Split, 2017

FIG. 59 Cisco Systems, SWOT Analysis

FIG. 60 DowDuPont Inc., Revenue Split, 2017

FIG. 61 Gurit Holding, SWOT Analysis

FIG. 62 Gurit Holding, Revenue Split, 2017

FIG. 63 Cisco Systems, SWOT Analysis

FIG. 64 Magna International, Revenue Split, 2017

FIG. 65 Mitsubishi Chemical, SWOT Analysis

FIG. 66 Cisco Systems, Revenue Split, 2017

FIG. 67 Owens Corning, SWOT Analysis

FIG. 68 Owens Corning, Revenue Split, 2017

FIG. 69 SGL Group, SWOT Analysis

FIG. 70 SGL Group, Revenue Split, 2017

FIG. 71 Solvay, SWOT Analysis

FIG. 72 Cisco Systems, Revenue Split, 2017

FIG. 73 Teijin Limited, SWOT Analysis

FIG. 74 Teijin Limited, Revenue Split, 2017

FIG. 75 Toray Industries, SWOT Analysis

FIG. 76 Toray Industries, Revenue Split, 2017


List Of Table

TABLE 1 Regulations on GHG Emission

TABLE 2 BASF SE Key Facts

TABLE 3 Products segmentation of BASF SE

TABLE 4 BASF SE Growth Strategy

TABLE 5 BASF SE financials, USD Mn

TABLE 6 DowDuPont Inc. key facts

TABLE 7 Products segmentation of DowDuPont Inc.

TABLE 8 DowDuPont Inc. Growth Strategy

TABLE 9 DowDuPont Inc. Financials, USD Mn

TABLE 10 Gurit Holding AG Key Facts

TABLE 11 Products segmentation of Gurit Holding AG

TABLE 12 Gurit Holding AG Growth Strategy

TABLE 13 Gurit Holding AG financials, USD Mn

TABLE 14 Magna International Inc. Key Facts

TABLE 15 Products segmentation of Magna International Inc.

TABLE 16 Magna International Inc. Financials, USD Mn

TABLE 17 Mitsubishi Chemical Holdings Corporation Key Facts

TABLE 18 Products segmentation of Mitsubishi Chemical Holdings Corporation

TABLE 19 Mitsubishi Chemical Holdings Corporation Financials, USD Mn

TABLE 20 Owens Corning Key Facts

TABLE 21 Products segmentation of Owens Corning

TABLE 22 Owens Corning Growth Strategy

TABLE 23 Owens Corning Financials, USD Mn

TABLE 24 SGL Group key facts

TABLE 25 Products segmentation of Cisco Systems

TABLE 26 SGL Group, Growth Strategy

TABLE 27 SGL Group financials, USD Mn

TABLE 28 Solvay SA key facts

TABLE 29 Products segmentation of Solvay SA

TABLE 30 Solvay SA Growth Strategy

TABLE 31 Solvay SA financials, USD Mn

TABLE 32 Teijin Limited name key facts

TABLE 33 Products segmentation of Teijin Limited

TABLE 34 Teijin Limited Growth Strategy

TABLE 35 Teijin Limited name financials, USD Mn

TABLE 36 Toray Industries Inc. name key facts

TABLE 37 Products segmentation of Toray Industries Inc.

TABLE 38 Toray Industries Inc. Growth Strategy

TABLE 39 Toray Industries Inc. name financials, USD Mn

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

BASF SE, DowDuPont Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings Corporation, Owens Corning, SGL Group, Solvay SA, Teijin Limited, Toray Industries Inc.