Report Highlights
The global market, in volume terms, for automotive composite consumption should reach 7.3 billion pounds by 2022 growing from 3.8 billion pounds in 2017, at a compound annual growth rate (CAGR) of 13.8% during 2017-2022.
Report Includes
- 32 data tables and 14 additional tables
- An overview of the global markets for composites in automotive applications
- Analyses of U.S. as well as international market trends with data from 2016 and 2017, and projections of CAGRs through 2022
- Coverage of reinforced plastics using mostly carbon fibers for strength with a wide array of resins
- A look at exterior steel structures, such as body panels, roofs, exterior doors, wheels, fenders, and other exterior parts
- Analyses of the interest in replacing steel with composite resins; the need to reduce the weight of autos to meet the 2025 strict government standard of about 55 mpg
- Thermoplastics to be used, including ABS, nylon, polyacetals, polypropylene, PVC, polycarbonates, and polyacrylates, among others, as well as polyurethanes
- Evaluation of the market’s dynamics, specifically growth drivers, restraints, and opportunities
- Company profiles of major players in the market, including Albany Engineered Composites, DSM Engineering Plastics North America, Evonik Degussa GmbH, Mitsubishi Chemical Corp., and Toray Industries Inc.
Report Scope
The report analyzes the current and projected market for the major types of plastic composites used in automotive applications, with particular emphasis on carbon fiber composites. This report covers technological, economic, and business conditions as they relate to automotive composites and their applications. Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant US dollars, unadjusted for inflation.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
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Report Highlights
The global market for composites in automotive applications is forecast to increase from 3.1 billion pounds in 2014 to 3.2 billion pounds in 2015. This market is estimated to reach close to 4.0 billion pounds in 2020 increasing at a compound annual growth rate (CAGR) of 3.6% during the next five years, from 2015-2020.
Report Includes
- An overview of the global markets for composites in automotive applications.
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- Coverage of reinforced plastics using mostly carbon fibers for strength with a wide array of resins.
- A look at exterior steel structures such as body panels, roofs, exterior doors, wheels, fenders and other exterior parts.
- Analyses of the interest in replacing steel with composite resins; the need to reduce the weight of autos to meet the 2025 strict government standard of about 55 miles per gallon.
- Thermoplastics to be used including ABS, nylon, polyacetals, polypropylene, PVC, polycarbonates, and polyacrylates among others, as well as polyurethanes which are also expected to be used.
- Evaluation of the market's dynamics, specifically growth drivers, restraints, and opportunities.
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