Automotive Polymer Composites Market Breakdown Data by Regions, Type, Manufacturers and Applications 2025
A composite is defined as a multiphase material that exhibits a significant proportion of properties of both constituent phases. It usually consists of a continuous phase, called the matrix, and a dispersed phase called the reinforcement. Polymer matrix composite is polymer-based reinforced material that is used in various end-use industries such as construction, transportation, oil & gas, sports, energy, aerospace, consumer goods, and electrical & electronics. The automotive industry is a prominent end-use industry for polymer composites. Various resins such as polypropylene, polycarbonates, polyamides, acrylonitrile-butadiene styrene, and other engineered plastics are employed, along with reinforcing fibers, to manufacture automotive polymer matrix composite. The global automotive polymer composites can be segmented into fiber used and application areas in the automotive industry. The most commonly used fibers for automotive application are carbon fiber and glass fiber. The carbon fiber reinforcement possesses diverse mechanical and physical characteristics such as a high strength to weight ratio and corrosion resistance. These properties allow it to be utilized to make lightweight and strong components. However, glass reinforcement is majorly produced due to its relatively low cost and competitive physical and mechanical characteristics.
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In 2017, Asia Pacific accounted for the largest market share in the automotive industry. Availability of low-cost raw materials, cheap labor, supportive government policies, and presence of many untapped markets in emerging economies are factors driving market growth. Steel is a major raw material used in automotive lightweight materials industry. China, India, and Japan are the worlds top three steel producers. Automobile companies are establishing production facilities in this region to gain a competitive advantage in terms of low production cost and proximity to end-use markets.
Global Automotive Polymer Composites market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Polymer Composites.
This industry study presents the global Automotive Polymer Composites market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Polymer Composites production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Polymer Composites in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders AkzoNobel, SABIC, etc.
The following manufacturers are covered in this report:
Momentive Specialty Chemicals
Bayer Material Science
the Dow Chemical Co.
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Automotive Polymer Composites Breakdown Data by Type
Automotive Polymer Composites Breakdown Data by Application
Trucks & Buses
Automotive Polymer Composites Production by Region
Automotive Polymer Composites Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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