Automotive Exterior Composites Market
Report code - SRTI142 | Published On : Nov,2018 | Status: Published | No. of Pages: 287

Automotive Exterior Composites Market by Vehicle Type (Passenger Car, LCV, and M&HCV), by Application Type (Bumper, Front-End Module, Fenders, Door & Roof, Liftgate, Active Grille Shutter, and Others), by Resin Type (Polyester Composites, Polyamide Composites, Polypropylene Composites, Epoxy Composites, and Others), by Fiber Type (Glass Fiber Composites and Carbon Fiber Composites), by Process Type (Compression Molding, Injection Molding, Resin Infusion, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

This report, from Stratview Research, studies the global automotive exterior composites market over the trend period 2013 to 2018 and the forecast period 2019 to 2024 both in terms of value and kilotons. 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.

Automotive Exterior Composites Market: Highlights

The automotive industry has fervently been ushering in a new era by targeting the five key areas: Lightweight Design, Digitization, Connectivity, Autonomous, and Alternative Powertrains. Stringent regulations regarding fuel efficiency enhancements and carbon emission reductions, such as CAFÉ Standards and EU Directives on Carbon Emissions Reduction Target, imposed by several governments, are set to upheaval in the current material mix in the automotive industry. All the major automakers are meticulously investing in those technologies which can address changing business requirements in the most cost-effective manner. Composite materials have earned an unheralded reputation in addressing most of the current and future business requirements. 

The usage of composite materials in the automotive industry is broadly bifurcated into four areas: Under-the-Hood, Exterior, Interior, and Others. Automotive exterior is one of the hotbeds of the composites industry as it is gaining the sheer interest of many global players. Exterior currently is the second-largest application segment in the automotive composites market after the under-the-hood segment and accounts for more than one-fourth of the total market. However, the application segment is likely to witness a higher growth than the under-the-hood segment in the foreseen future.

The automotive exterior composites market is likely to grow at a healthy rate over the next five years to reach US$ 11,928.1 million in 2024. There are several factors that are bolstering the demand for composites in automotive exterior applications. Some of the major ones are a higher strength-to-weight ratio of composite parts, excellent surface finish, excellent corrosion and abrasion resistance, and durability.  The combined effects of the above-mentioned factors render multi-edge benefits to the automakers as these factors not only assist automakers to meet the stringent regulations regarding fuel efficiency enhancements and carbon emission reductions but also provides more durable parts with the benefit for low-maintenance cost. It is anticipated that there would be an incessant replacement of metallic parts with the composite ones, especially in exterior applications, in the foreseen future.

The market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle) and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). Passenger car is expected to remain the growth engine of the global automotive exterior composites market during the forecast period from 2019 to 2024. Increasing production of passenger cars coupled with increasing penetration of composite parts in passenger car models is likely to elevate the demand for exterior composites in the passenger car segment.

Today, composites are found in all the major exterior applications including bumper, front-end module, fenders, door & Roof, liftgate, active grille shutter, runner boards, headlamps, decklid, and hood. Bumper, front-end module, and fender are the most dominant applications, whereas AGS and liftgate are the fastest-growing applications as there has been an incessant increase in the penetration of composites in these applications.

Based on the resin type, the market is segmented as polyester composites, polyamide composites, polypropylene composites, epoxy composites, and others. Polyester composite is expected to remain the largest segment of the market over the next five years, whereas epoxy composite is expected to witness the highest growth during the same period. Polyester is considered the perennial choice of resin for making exterior composite parts as the resin offers the required properties including the class-a surface finish at a relatively low cost. Also, the resin system can be processed in high-volume processes like compression molding process.

Based on the fiber type, the market is segmented as carbon fiber composites and glass fiber composites. Glass fiber composite is expected to remain the most dominant segment of the market during the forecast period, whereas carbon fiber composite is expected to witness the highest growth during the same period. Glass fiber offers a series of advantages including lower cost, good mechanical properties, excellent corrosion resistance, excellent surface finish, and durability. Carbon fiber offers the additional advantage of higher strength and more lightweight but at a very high cost. 

Based on the process type, the market is segmented as compression molding, injection molding, resin infusion, and others. Compression molding is expected to remain the most dominant process in the market during the same period, whereas resin infusion is expected to witness the highest growth during the same period. Injection molding also holds a considerable share in the market, driven by applications, such as active grille shutter and headlamp reflector.

Based on the regions, North America is expected to remain the largest automotive exterior composites market during the forecast period. High penetration of composites coupled with healthy automotive production, especially in the USA and Mexico is chiefly driving the regional market. The USA is likely to maintain its dominance in the region during the forecast period, whereas Mexico will continue to register healthy growth in the same period, driven by its good policies attracting automakers to invest in the region.

Asia-Pacific is forecasted to witness the highest growth during the forecast period, driven by China, Japan, South Korea, and India. Despite weakening economic growth of China, the country is projected to remain one of the most attractive markets in the world in the coming five years. India, a relatively small market, is projected to witness monstrous growth in the coming five years backed by several government initiatives with an aim to boost the manufacturing sector.  

Europe is expected to remain the second largest market in the coming five years, driven by Germany and France. Some Eastern countries are also likely to exhibit excellent growth in the coming years as these countries are drawing world’s interest by catching investment from global automakers.

The supply chain of this market comprises composite material suppliers, composite part manufacturers, automotive tier players, automotive OEMs, dealers, and Users. The key material suppliers for automotive exterior composites are Huntsman Corporation, Ashland Performance Materials, Celanese Corporation, and LyondellBasell, AOC Resins LLC, Owens Corning, and Reichhold. Some of the key composite part fabricators include Magna International, Plastic Omnium, Samvardhana Motherson Group, Denso Corporation, Rochling Group, and Valeo Group. The development of low-cost and high-performance composites components and forming strategic alliances with the automakers are the key strategies adopted by the key players to gain a competitive edge in the market.

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. About 12 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed 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 the market dynamics and will enable strategic decision making for the 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, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

 

The global automotive exterior composites market is segmented into the following categories. 

Automotive Exterior Composites Market, By Vehicle Type

  • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Light Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Medium- & Heavy-Duty Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

 Automotive Exterior Composites Market, By Application Type

  • Bumper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Front-End Module (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Fenders (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Door & Roof (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Liftgate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Active Grille Shutter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

 Automotive Exterior Composites Market, By Resin Type

  • Polyester Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Polyamide composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Polypropylene Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Epoxy Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Other Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Exterior Composites Market, By Fiber Type

  • Carbon Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Glass Fiber Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Exterior Composites Market, By Process Type

  • Compression-Molded Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Injection-Molded Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Resin-Infused Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

 Automotive Exterior Composites Market, By Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, The UK, Italy, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, S. Korea, India, and 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:

Competitive Assessment

  • Competitive Benchmarking of key players (up to three players)
  • SWOT analysis of key players (up to three players)

Regional Segmentation

  • Current market size (2018) of composites of any exterior application by resin type

Custom Research: Stratview research offers custom research services across the 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 at sales@stratviewresearch.com.


 

List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives 

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.      Executive Summary

2.       Automotive Exterior Composites Market - Overview and Market Forces

2.1.               Introduction

2.2.               Market Classification

2.2.1.                       By Vehicle Type

2.2.2.                       By Application Type

2.2.3.                       By Resin Type

2.2.4.                       By Fiber Type

2.2.5.                       By Process Type

2.2.6.                       By Region

2.3.               Market Drivers

2.4.               Market Constraints

2.5.               Supply Chain Analysis

2.6.               PEST Analysis: Impact Assessment of Changing Business Environment

2.7.               Industry Life Cycle Analysis

2.8.               Porter’s Five Forces Analysis

2.8.1.                       Bargaining Power of Suppliers

2.8.2.                       Bargaining Power of Customers

2.8.3.                       Threat of New Entrants

2.8.4.                       Threat of Substitutes

2.8.5.                       Competitive Rivalry

2.9.               SWOT Analysis

3.       Automotive Exterior Composites Market Analysis – By Vehicle Type 

3.1.               Strategic Insights 

3.2.               Passenger Car Exterior Composites Market Trend and Forecast (US$ Million and Kilotons)

3.2.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

3.3.               LCV Exterior Composites Market Trend and Forecast (US$ Million and Kilotons)

3.3.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

3.4.               M&HCV Exterior Composites Market Trend and Forecast (US$ Million and Kilotons)

3.4.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

4.       Automotive Exterior Composites Market Analysis – By Application Type

4.1.               Strategic Insights 

4.2.               Automotive Composite Bumpers Market Trend and Forecast (US$ Million and Kilotons)

4.2.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

4.3.               Automotive Composite Front-End Modules Market Trend and Forecast (US$ Million and Kilotons)

4.3.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

4.4.               Automotive Composite Fenders Market Trend and Forecast (US$ Million and Kilotons)

4.4.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

4.5.               Automotive Composite Door & Roof Market Trend and Forecast (US$ Million and Kilotons)

4.5.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

4.6.               Automotive Composite Liftgate Market Trend and Forecast (US$ Million and Kilotons)

4.6.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

4.7.               Automotive Composite AGS Market Trend and Forecast (US$ Million and Kilotons)

4.7.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

4.8.               Automotive Other Exterior Composites Market Trend and Forecast (US$ Million and Kilotons)

4.8.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

5.       Automotive Exterior Composites Market Analysis – By Resin Type

5.1.               Strategic Insights 

5.2.               Polyester Composites Market Trend and Forecast (US$ Million and Kilotons)

5.2.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

5.3.               Polyamide Composites Market Trend and Forecast (US$ Million and Kilotons)

5.3.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

5.4.               Polypropylene Composites Market Trend and Forecast (US$ Million and Kilotons)

5.4.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

5.5.               Epoxy Composites Market Trend and Forecast (US$ Million and Kilotons)

5.5.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

5.6.               Other Exterior Composites Market Trend and Forecast (US$ Million and Kilotons)

5.6.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

6.      Automotive Exterior Composites Market Analysis- By Fiber Type

6.1.               Strategic Insights 

6.2.               Glass Fiber Composites Market Trend and Forecast (US$ Million and Kilotons)

6.2.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

6.3.               Glass Fiber Composites Market Trend and Forecast (US$ Million and Kilotons)

6.3.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

7.      Automotive Exterior Composites Market Analysis- By Process Type

7.1.               Strategic Insights 

7.2.               Compression-Molded Exterior Composites Market Trend and Forecast (US$ Million and Kilotons)

7.2.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

7.3.               Injection-Molded Exterior Composites Market Trend and Forecast (US$ Million and Kilotons)

7.3.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

7.4.               Resin-Infused Exterior Composites Market Trend and Forecast (US$ Million and Kilotons)

7.4.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

7.5.               Other Composites Market Trend and Forecast (US$ Million and Kilotons)

7.5.1.                       Regional Trend and Forecast (US$ Million and Kilotons)

8.       Automotive Exterior Composites Market Analysis – By Region 

8.1.               Strategic Insights 

8.2.               North American Automotive Exterior Composites Market Analysis

8.2.1.                       North American Automotive Exterior Composites Market T&F, by Country (US$ Million and Kilotons)

8.2.1.1.                                The USA: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.2.1.2.                                Canada: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.2.1.3.                                Mexico: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.2.2.                       North American Automotive Exterior Composites Market T&F, by Vehicle Type (US$ Million and Kilotons)

8.2.3.                       North American Automotive Exterior Composites Market T&F, by Application Type (US$ Million and Kilotons)

8.2.4.                       North American Automotive Exterior Composites Market T&F, by Resin Type (US$ Million and Kilotons)

8.2.5.                       North American Automotive Exterior Composites Market T&F, by Fiber Type (US$ Million and Kilotons)

8.2.6.                       North American Automotive Exterior Composites Market T&F, by Process Type (US$ Million and Kilotons)

8.3.               European Automotive Exterior Composites Market Analysis

8.3.1.                       European Automotive Exterior Composites Market T&F, by Country (US$ Million and Kilotons)

8.3.1.1.                                Germany: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.3.1.2.                                France: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.3.1.3.                                The UK: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.3.1.4.                                Italy: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.3.1.5.                                Russia: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.3.1.6.                                RoE: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.3.2.                       European Automotive Exterior Composites Market T&F, by Vehicle Type (US$ Million and Kilotons)

8.3.3.                       European Automotive Exterior Composites Market T&F, by Application Type (US$ Million and Kilotons)

8.3.4.                       European Automotive Exterior Composites Market T&F, by Resin Type (US$ Million and Kilotons)

8.3.5.                       European Automotive Exterior Composites Market T&F, by Fiber Type (US$ Million and Kilotons)

8.3.6.                       European Automotive Exterior Composites Market T&F, by Process Type (US$ Million and Kilotons)

8.4.               Asia-Pacific’s Automotive  Exterior Composites Market Analysis

8.4.1.                       Asia-Pacific’s Automotive Exterior Composites Market T&F, by Country (US$ Million and Kilotons)

8.4.1.1.                                Japan: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.4.1.2.                                China: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.4.1.3.                                South Korea: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.4.1.4.                                India: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.4.1.5.                                RoAP: Automotive Exterior Composites Market T&F, (US$ Million and Kilotons)

8.4.2.                       Asia-Pacific’s Automotive Exterior Composites Market T&F, by Vehicle Type (US$ Million and Kilotons)

8.4.3.                       Asia-Pacific’s Automotive Exterior Composites Market T&F, by Application Type (US$ Million and Kilotons)

8.4.4.                       Asia-Pacific’s Automotive Exterior Composites Market T&F, by Resin Type (US$ Million and Kilotons)

8.4.5.                       Asia-Pacific’s Automotive Exterior Composites Market T&F, by Fiber Type (US$ Million and Kilotons)

8.4.6.                       Asia-Pacific’s Automotive Exterior Composites Market T&F, by Process Type (US$ Million and Kilotons)

8.5.               Rest of the World’s (RoW) Automotive Exterior Composites Market Analysis

8.5.1.                       RoW’s Automotive Exterior Composites Market T&F, by Country (US$ Million and Kilotons)

8.5.2.                       RoW’s Automotive Exterior Composites Market T&F, by Vehicle Type (US$ Million and Kilotons)

8.5.3.                       RoW’s Automotive Exterior Composites Market T&F, by Application Type (US$ Million and Kilotons)

8.5.4.                       RoW’s Automotive Exterior Composites Market T&F, by Resin Type (US$ Million and kilotons)

8.5.5.                       RoW’s Automotive Exterior Composites Market T&F, by Fiber Type (US$ Million and Kilotons)

8.5.6.                       RoW’s Automotive Exterior Composites Market T&F, by Process Type (US$ Million and Kilotons)

9.      Competitive Analysis

9.1.               Strategic Insights

9.2.               Product Portfolio Analysis

9.3.               Geographical Presence

9.4.               New Product Launches

9.5.               Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Strategic Collaborations, etc. 

9.6.               Market Share Analysis

10. Strategic Growth Opportunities

10.1.          Strategic Insights

10.2.          Market Attractive Analysis

10.2.1.                   Market Attractiveness by Vehicle Type

10.2.2.                   Market Attractiveness by Application Type

10.2.3.                   Market Attractiveness by Resin Type

10.2.4.                   Market Attractiveness by Fiber Type

10.2.5.                   Market Attractiveness by Process Type

10.2.6.                   Market Attractiveness by Region

10.2.7.                   Market Attractiveness by Country

10.3.          Emerging Trends

10.4.          Growth Matrix Analysis

10.5.          Key Success Factors

11. Company Profile of Key Players

11.1.          Denso Corporation

11.2.          Magna International Inc.

11.3.          Mahle Group

11.4.          Samvardhana Motherson Group

11.5.          Plastic Omnium

11.6.          Toyota Boshoku Corporation



By clicking Submit button you accept our terms and conditions


Related Reports




Purchase Report

$4,790
Single user license
$6,590
Multi User License
$8,590
Enterprise License

Looking for Customized Report?

By clicking Submit button you accept our terms and conditions

Our Clients

Call Us : +1-313-307-4176