Automotive Nonwoven Composites Market Growth Analysis | 2024-2030

Market Insights

The automotive nonwoven composites market is likely to grow at a promising CAGR of 4.6% during 2024-2030 to reach USD 3.3 billion in 2030.

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Market Dynamics

Introduction

Nonwoven composites are used in various automotive applications such as parcel trays, floorboards, hood liners, trunk trim, headliners, door panels, and underbody shields. Reinforcements can be synthetic fibers (fiberglass, polyester fibers, carbon fibers, and aramid fibers) or natural fibers (jute, flax, or hemp), or a combination of these. Automotive nonwoven composites offer advantages such as weight reduction, improved strength-to-weight ratio, design flexibility, noise reduction, and resistance to corrosion and chemicals. These composites help enhance the overall performance, durability, safety, and aesthetics of vehicles while meeting the industry's stringent requirements.

COVID-19 Impact

The automotive industry witnessed a decline in production for three consecutive years from 2018 to 2020. In 2018, the decline was primarily attributed to the rollout of stricter pollution laws in the EU and China. As a result of that, companies started allocating greater resources towards developing lower-emissions technology, thereby impacting overall production levels. In 2020, the pandemic brought lockdowns, supply chain disruptions, and reduced consumer demand resulting in factories shutting down, production delays, and decreased sales. This unprecedented crisis severely affected the global automotive industry, forcing manufacturers to adapt and navigate through challenging times.

Automotive nonwoven composites, a sizable market, could not escape such trends and had a colossal decline (-13%+ in 2020) during the pandemic, quite aligned with the decline of automobiles. The automotive industry started rebounding from 2021 and 2022 onwards (10% YoY growth). Furthermore, the rapidly growing demand for electric vehicles is likely to drive the nonwoven composites market due to their extremely lightweight properties.

Segment Analysis

By Vehicle Type

Based on the vehicle type, the automotive nonwoven composites market is segmented into automotive, recreational vehicles, and others. Automotive is expected to remain the largest demand generator for nonwoven composites during the forecast period. The key whys and wherefores behind the usage of nonwoven composites are extremely lightweight, strong, durable, flexible, easy to process, and can be made from recycled materials. These advantages are making nonwoven composites increasingly popular in a wide range of automotive applications. In addition to that, factors like increasing demand for electric vehicles (EVs) in upcoming years (EV sales are expected to reach 73 million units by 2040, rising from 10 million units in 2022) to reduce vehicle weight to improve range and overall performance, are expected to drive the market growth during the forecast period.

By Matrix Type

Based on the matrix type, the market is segmented into bicomponent PET/coPET fiber, polypropylene, and others. Polypropylene is expected to remain the dominant whereas bicomponent PET/coPET fiber is expected to grow at the fastest rate in the market during the forecast period. Polypropylene can be easily molded and formed into complex shapes, allowing for design flexibility in automotive components. Nonwoven composites made from polypropylene can be customized to fit specific component requirements and geometry, enabling efficient manufacturing processes, and reducing production costs. In Europe, the nonwoven composite structure is typically made from polypropylene and PET fibers for underbody shields in most luxury vehicles.

By Material Type

Based on the material type, the market is segmented into fiberglass composites, natural/wood fiber composites, polyester fiber composites, carbon fiber composites, and others. Fiberglass is expected to showcase an incredible lead in the market during the forecast period due to its high tensile strength and excellent resistance to impact, making them ideal for reinforcing nonwoven composites used in automotive applications. Fiberglass works as an excellent reinforcement material with polypropylene to form composite parts suited for door panels, underbody shields, floorboards, trunk trims, etc.

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By Application Type

Based on the application type, the market is segmented into door panels, trunks, packaged trays, headliners, underbody shields, wheel arch liners, center consoles, and others. Trunk, wheel arch liner, and headliner are likely to be the major application categories in the years to come. These application types are likely to grow at a healthy pace in the years to come. Nonwoven composites provide thermal insulation, sound insulation, strength, and stiffness in the interior of a vehicle along with impact absorption to protect occupants in the event of a collision or other impact situations.

By Formation Type

Based on the formation type, the market is segmented into spunlaid, drylaid, and others. Drylaid is expected to remain the most dominant formation type in the market during the forecast period. Drylaid nonwovens are commonly used as the primary backing material for automotive applications. The entangled fiber structure provides dimensional stability, strength, and durability to withstand the demands of automotive use. Drylaid composites offer excellent resistance to wear, abrasion, and fading, while providing thermal and acoustic insulation properties.

Regional Insights

In terms of regions, Asia-Pacific is expected to remain the largest market for automotive nonwoven composites during the forecast period. This region is home to some of the world's largest automotive markets, including China, Japan, India, and South Korea. The region has witnessed significant growth in automobile production (with 53 million units produced in 2023, which is 57% of total global production) as compared to other regions, driving the demand for automotive nonwoven composites.

North America and Europe are also likely to create sizeable opportunities in the coming five years, due to high automobile production, stringent regulations, technological advancements, and consumer preferences for comfort and aesthetics.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the automotive nonwoven composites market (alphabetically arranged). Most of the major players are providing nonwoven composites including nonwoven textiles.

• ABC Technologies Holdings Inc
• Adler Pelzer Group
• Auria Solution
• Autoneum
• Becchis Osiride
• Carcoustics
• DRÄXLMAIER Group
• ElringKlinger AG
• FORVIA Faurecia
• Grupo Antolin
• International Automotive Components (IAC)
• Röchling Automotive.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s automotive nonwoven composites market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive nonwoven composites market is segmented into the following categories:

By Vehicle Category Type

• Automotive
• Recreational Vehicles
• Others

By Matrix Type

• Bicomponent PET/coPET
• Polypropylene
• Others

By Material Type

• Fiberglass Composites
• Natural/Wood Fiber Composites
• Polyester Fiber Composites
• Carbon Fiber Composites
• Other Composites

By Application Type

• Door Panel
• Trunk
• Packaged Tray
• Headliner
• Underbody Shield
• Wheel Arch Liner
• Center Console
• Others

By Web Formation Type

• Spunlaid
• Drylaid
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Turkey, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.