Report Highlights
The global market volume of automotive composite consumption is estimated to increase from 3.4 billion pounds in 2021 to 4.6 billion pounds by 2026, at a compound annual growth rate (CAGR) of 6.1% during the forecast period of 2021-2026.
Report Includes
- 64 data tables and 18 additional tables
- An up-to-date overview of the global markets for composites in automotive applications
- Analyses of the global market trends, with data from 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Estimation and forecast the global automotive composite consumption market size in value and volumetric terms, projected growth trends, and corresponding market share analysis by type, application, end-user, and geographic region
- Identification of the key market dynamics (DROs), technology updates, and COVID-19 implications on the progress of this market
- Coverage of general description, material types and importance of reinforced polymer composites and comparative study between thermoset vs. thermoplastic composites
- Discussion on role of composites in reducing automotive energy consumption and emissions, and how automotive sector contributes to the greenhouse gases and other emissions
- Insights into regulatory framework and general idea about fuel economy standards, fuel taxes, and safety standards of the automotive industry
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Company profiles of major market players, including Albany International, DSM Engineering Plastics North America, Evonik Industries, Honeywell International, Johns Manville, Mitsubishi Chemical Corp., SGL Carbon Group, Solvay 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.
Report Synopsis
Report Metrics | Details | ||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Base year considered | 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||
Forecast period considered | 2021-2026 | ||||||||||||||||||||||||||||||||||||||||||||||||
Base year market size | 3.3 billion pounds | ||||||||||||||||||||||||||||||||||||||||||||||||
Market size forecast | 4.5 billion pounds | ||||||||||||||||||||||||||||||||||||||||||||||||
Growth rate | CAGR of 6.1% from 2021 to 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||
Units considered | Million Pounds | ||||||||||||||||||||||||||||||||||||||||||||||||
Segments covered | Type, End Use, Application | ||||||||||||||||||||||||||||||||||||||||||||||||
Regions covered | North America, Europe, Asia-Pacific | ||||||||||||||||||||||||||||||||||||||||||||||||
Countries covered | U.S., Germany, Spain, Japan, China | ||||||||||||||||||||||||||||||||||||||||||||||||
Key Market Drivers |
|
||||||||||||||||||||||||||||||||||||||||||||||||
Companies studied |
|
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
- Next-Generation Advanced Batteries: Global Markets (FCB062B)
- Over-the-Counter (OTC) Drugs, and Vitamins & Dietary Supplements: Global Markets (PHM050D)
- Nonwoven Filter Media: Global Markets (AVM043K)
- Global Pharmaceutical Drugs Industry: Competitive Landscape 2023 (PHM263B)
- The Global Influenza Market (PHM049F)
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 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.
- Analyses of U.S. as well as international market trends, with data from 2014, 2015, and projections of CAGRs through 2020.
- 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.
- Profiles of major players in the industry.
Related Reports
Global Market for Polymers Used in Electric Vehicles
The global market for polymers used in electric vehicles reached $9.1 billion in 2023. It is expected to grow from $10.4 billion in 2024 to $23.8 billion by 2029, at a compound annual growth rate (CAGR) of 18.1% from 2024 to 2029.
Wood-Plastic Composites: Technologies and Global Markets
The global market for wood-plastic composites (WPCs) is expected to grow from $4.7 billion in 2024 to $6.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
2024 Plastics Research Review
This 2024 Research Review of the plastics industry offers a sample of the types of quantitative market information, analysis, and guidance that has been aiding business decision-making since the inception of BCC Research in 1971.
The Global Market for Composites: Resins, Fillers, Reinforcements, Natural Fibers and Nanocomposites
The global market for composites is expected to grow from $126.8 billion in 2024 and is projected to reach $183.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.6% during the forecast period of 2024 to 2029.
Recent Reports
Wood-Plastic Composites: Technologies and Global Markets
The global market for wood-plastic composites (WPCs) is expected to grow from $4.7 billion in 2024 to $6.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
2024 Plastics Research Review
This 2024 Research Review of the plastics industry offers a sample of the types of quantitative market information, analysis, and guidance that has been aiding business decision-making since the inception of BCC Research in 1971.
2024 Packaging Research Review
This 2024 Research Review of Packaging Market provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
Global Markets and Technologies for Bioplastics
The global market volume for bioplastics is estimated to increase from 2,431.9 kilotons in 2024 to reach 5,634.6 kilotons by 2029, at a compound annual growth rate (CAGR) of 18.3% from 2024 through 2029.
The Global Market for Composites: Resins, Fillers, Reinforcements, Natural Fibers and Nanocomposites
The global market for composites is expected to grow from $126.8 billion in 2024 and is projected to reach $183.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.6% during the forecast period of 2024 to 2029.
Top Trending Reports
Global Markets for Emerging Medical Device Technologies
The global market for emerging medical devices is estimated to increase from $136.6 billion in 2024 to reach $223.9 billion by 2029, at a compound annual growth rate (CAGR) of 10.4% from 2024 through 2029.
Global Diabetic Care Devices Market
The global market for diabetes monitoring devices is expected to grow from $16.6 billion in 2024 to $26.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% from 2024 through 2029.
Single-Cell Genomics and Proteomics: Emerging Technologies and Markets
The global market for single-cell genomics and proteomics is expected to grow from $4.0 billion in 2024 to reach $9.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 17.6% from 2024 through 2029.
Global Lithium-ion Battery Market
The global market for lithium-ion battery (LIB) is expected to grow from $117.8 billion in 2024 and is projected to reach $221.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 13.5% during the forecast period of 2024 to 2029.
Carbon Capture, Utilization & Storage Technologies
The global market for carbon capture, utilization and storage (CCUS) technologies is expected to grow from $3.4 billion in 2024 and is projected to reach $9.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 23.1% during the forecast period of 2024 to 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More