Global Automotive Polymer Composites Market Size Study by Material, by Product, by Application, by End Use, by Manufacturing Process, and Regional Forecasts 2022-2032

Description

The Global Automotive Polymer Composites Market is valued at approximately USD 10.2 billion in 2023 and is anticipated to grow at a healthy CAGR of 5.00% over the forecast period 2024-2032Automotive polymer composites represent a transformative force in modern vehicle manufacturing, leveraging advanced materials and processes to enhance performance, reduce weight, and align with the increasing demand for energy efficiency and sustainability. These composites, characterized by their lightweight properties and exceptional durability, have become integral to the automotive sector's evolution, particularly in the context of electric vehicles (EVs) and green mobility initiatives.

The market is driven by the expanding adoption of electric and hybrid vehicles, coupled with stringent regulations aimed at reducing carbon emissions. Polymer composites offer a pathway to achieving lighter vehicles, which translates to improved fuel efficiency and extended battery ranges for EVs. Additionally, advancements in manufacturing processes, such as injection molding and resin transfer molding, have paved the way for cost-effective mass production of intricate composite components. The increasing use of carbon fiber reinforced composites in high-performance vehicles further underscores the material's growing prominence in the automotive sector.

However, challenges persist, including the high initial costs of composite materials and the complexities associated with recycling. Nonetheless, ongoing research and development activities are fostering innovations in recyclable composites and bio-based polymers, which are expected to mitigate these challenges. Moreover, collaborations between automotive manufacturers and material science companies are accelerating the integration of advanced composites, addressing key concerns and broadening their applicability across various vehicle categories.

Regionally, the Asia-Pacific market dominates due to the presence of major automotive manufacturing hubs in countries such as China, India, and Japan, coupled with the region's burgeoning EV industry. North America and Europe also hold substantial shares, driven by a focus on sustainability and innovation in automotive design. Meanwhile, Latin America and the Middle East & Africa are experiencing steady growth, propelled by increasing urbanization and rising demand for commercial vehicles.

Major market players included in this report are:

Mitsubishi Chemical Holdings Corporation
Hexcel Corporation
Owens Corning
Toray Industries, Inc.
SGL Carbon SE
Teijin Limited
BASF SE
Solvay S.A.
SABIC
Huntsman Corporation
Cytec Solvay Group
Arkema S.A.
TPI Composites, Inc.
Hanwha Solutions
UFP Technologies, Inc.

The detailed segments and sub-segments of the market are explained below:

By Material:

Epoxy
Polyurethane
Polyamide
Polypropylene
Polyethylene
Polyester
Vinyl Ester
Others

By Product:

Glass Fiber Reinforced Polymer Composite
Natural Fiber Reinforced Polymer Composite
Carbon Fiber Reinforced Polymer Composite

By Application:

Interior Components
Exterior Components
Structural Components
Powertrain Components

By End Use:

Conventional Vehicles
Electric Vehicles
Trucks & Buses

By Manufacturing Process:

Compression Molding
Injection Molding
Sheet Molding
Resin Transfer Molding

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market estimates and forecasts for a 10-year period from 2022 to 2032.
Regional-level and annualized revenue analysis for each market segment.
Comprehensive analysis of the competitive landscape, including strategies adopted by key players.
Insights into demand-side and supply-side market dynamics.
Recommendations for stakeholders based on in-depth market research.

Chapter 1. Global Automotive Polymer Composites Market Executive Summary

1.1. Global Automotive Polymer Composites Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Material
- 1.3.2. By Product
- 1.3.3. By Application
- 1.3.4. By End Use
- 1.3.5. By Manufacturing Process
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Polymer Composites Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Polymer Composites Market Dynamics

3.1. Market Drivers
- 3.1.1. Expanding Adoption of Electric and Hybrid Vehicles
- 3.1.2. Stringent Regulations on Carbon Emissions
- 3.1.3. Advancements in Manufacturing Processes
3.2. Market Challenges
- 3.2.1. High Initial Costs of Composite Materials
- 3.2.2. Complexities Associated with Recycling
3.3. Market Opportunities
- 3.3.1. Innovations in Recyclable and Bio-Based Polymers
- 3.3.2. Collaborations Between Automotive Manufacturers and Material Science Companies
- 3.3.3. Expansion into Emerging Vehicle Categories

Chapter 4. Global Automotive Polymer Composites Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Polymer Composites Market Size & Forecasts by Material 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Polymer Composites Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Epoxy
- 5.2.2. Polyurethane
- 5.2.3. Polyamide
- 5.2.4. Polypropylene
- 5.2.5. Polyethylene
- 5.2.6. Polyester
- 5.2.7. Vinyl Ester
- 5.2.8. Others

Chapter 6. Global Automotive Polymer Composites Market Size & Forecasts by Product 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Polymer Composites Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Glass Fiber Reinforced Polymer Composite
- 6.2.2. Natural Fiber Reinforced Polymer Composite
- 6.2.3. Carbon Fiber Reinforced Polymer Composite

Chapter 7. Global Automotive Polymer Composites Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Polymer Composites Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Interior Components
- 7.2.2. Exterior Components
- 7.2.3. Structural Components
- 7.2.4. Powertrain Components

Chapter 8. Global Automotive Polymer Composites Market Size & Forecasts by End Use 2022-2032

8.1. Segment Dashboard
8.2. Global Automotive Polymer Composites Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Conventional Vehicles
- 8.2.2. Electric Vehicles
- 8.2.3. Trucks & Buses

Chapter 9. Global Automotive Polymer Composites Market Size & Forecasts by Manufacturing Process 2022-2032

9.1. Segment Dashboard
9.2. Global Automotive Polymer Composites Market: Manufacturing Process Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 9.2.1. Compression Molding
- 9.2.2. Injection Molding
- 9.2.3. Sheet Molding
- 9.2.4. Resin Transfer Molding

Chapter 10. Global Automotive Polymer Composites Market Size & Forecasts by Region 2022-2032

10.1. North America Automotive Polymer Composites Market
- 10.1.1. U.S. Automotive Polymer Composites Market
  - 10.1.1.1. Material Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
- 10.1.2. Canada Automotive Polymer Composites Market
10.2. Europe Automotive Polymer Composites Market
- 10.2.1. UK Automotive Polymer Composites Market
- 10.2.2. Germany Automotive Polymer Composites Market
- 10.2.3. France Automotive Polymer Composites Market
- 10.2.4. Spain Automotive Polymer Composites Market
- 10.2.5. Italy Automotive Polymer Composites Market
- 10.2.6. Rest of Europe Automotive Polymer Composites Market
10.3. Asia-Pacific Automotive Polymer Composites Market
- 10.3.1. China Automotive Polymer Composites Market
- 10.3.2. India Automotive Polymer Composites Market
- 10.3.3. Japan Automotive Polymer Composites Market
- 10.3.4. Australia Automotive Polymer Composites Market
- 10.3.5. South Korea Automotive Polymer Composites Market
- 10.3.6. Rest of Asia Pacific Automotive Polymer Composites Market
10.4. Latin America Automotive Polymer Composites Market
- 10.4.1. Brazil Automotive Polymer Composites Market
- 10.4.2. Mexico Automotive Polymer Composites Market
- 10.4.3. Rest of Latin America Automotive Polymer Composites Market
10.5. Middle East & Africa Automotive Polymer Composites Market
- 10.5.1. Saudi Arabia Automotive Polymer Composites Market
- 10.5.2. South Africa Automotive Polymer Composites Market
- 10.5.3. Rest of Middle East & Africa Automotive Polymer Composites Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Mitsubishi Chemical Holdings Corporation
- 11.1.2. Hexcel Corporation
- 11.1.3. Owens Corning
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Mitsubishi Chemical Holdings Corporation
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Hexcel Corporation
- 11.3.3. Owens Corning
- 11.3.4. Toray Industries, Inc.
- 11.3.5. SGL Carbon SE
- 11.3.6. Teijin Limited
- 11.3.7. BASF SE
- 11.3.8. Solvay S.A.
- 11.3.9. SABIC
- 11.3.10. Huntsman Corporation

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes