Argentina Automotive Composites Market Share, Size & Growth | 2031

Segments - Argentina Automotive Composites Market by Production Types (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, and Compression Molding), Material Types (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, and Others), and Application Types (Structural Assemble, Power Train Components, Interior, Exterior and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

Argentina Automotive Composites Market Outlook 2031

The Argentina automotive composites market size was USD XX Billion in 2022 and is anticipated to reach USD XX Billion by 2031 to expand at a considerable CAGR 5% during the forecast period, 2023–2031. The growth of the market is attributed to the high demand for vehicles. Automotive composites are materials that are used in vehicles to make them safer, lighter, and more fuel-efficient. In comparison to traditional steel, composite materials used in automobile chassis offer several advantages.

As a result of COVID-19, the automotive composites industry is expected to plummet in 2020. Automobile manufacturers have been hit by lockdowns enforced in many nations, which has played a significant part in the collapse of the automotive composites sector. Manufacturing facility closures, production halts, and supply chain disruptions have all hampered the expansion of the automotive composites industry.

As the world's temperature rises as a result of vehicles emitting hazardous gases into the atmosphere, demand for lightweight components is increasing since they are more fuel-efficient and minimize emissions of toxic pollutants into the environment. Composites, which are made up of two or more constituent elements, are an important aspect of a car and, when utilized properly, may result in substantially lighter, safer, and more fuel-efficient automobiles.

As part of its Track25 business strategy, McLaren launched carbon fiber chassis in March 2019. This will lower the overall weight of the car as the firm builds its next generation of cars. Magna stated in April 2018 that it has formed a joint venture with GAC Component Co., Ltd. to manufacture composite liftgates for a major automaker's crossover vehicle.

Anand Group and Far-UK formed a collaboration in February 2020 to produce carbon fiber composites. The partnership will be centered on developing novel methods for lowering emissions. The product can reduce vehicle weight by nearly half while maintaining the strength of high-strength alloy steel at a fraction of the weight.

Automotive composites are utilized to make the external sections of cars because they have a higher strength and are lighter. They also improve vehicle durability, resulting in longer vehicle life cycles and lower maintenance costs. Vehicles with composite exterior elements have a high degree of rigidity, resulting in little damage in the event of an accident.

Argentina Automotive Composites Market Trends, Drivers, Restraints, and Opportunities

Surge in R&D investments and technological advancements are expected to create opportunities for the market players.
Increasing awareness about sustainability and circular economy is expected to boost market growth during the forecast period.

Scope of Automotive Composites Market Report

The report on the Argentina automotive composites market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Automotive Composites Market - Argentina Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Production Types (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, and Compression Molding), Material Types (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, and Others), and Application Types (Structural Assemble, Power Train Components, Interior, Exterior and Others)
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	BASF Group, Gurit, NSG Group, and Teijin

Automotive Composites Market Segment Insights

Compression molding segment is projected to account for a large market share

In terms of production types, the Argentina automotive composites market is segregated into hand layup, resin transfer molding, vacuum infusion processing, and compression molding. The compression molding segment is expected to account for a key share of the market during the forecast period owing to rising demand for safe and fuel-efficient vehicles.

Argentina Automotive Composites Market Production Type

Carbon fiber segment is expected to grow at a robust pace

On the basis of material types, the Argentina automotive composites market is segmented into thermoset polymer, thermoplastic polymer, carbon fiber, and others. The carbon fiber segment is expected to account for a key share of the market in the coming years owing to its characteristics such as lightweight. Carbon fiber has long been utilized in high-performance cars to improve their performance by creating complicated aerodynamic forms that minimize drag.

Argentina Automotive Composites Market Material Types

Exterior segment is anticipated to expand at a rapid CAGR

In terms of application types, the Argentina automotive composites market is divided into structural assemble, power train components

Segments

The Argentina automotive composites market has been segmented on the basis of

Production Types

Hand Layup
Resin Transfer Molding
Vacuum Infusion Processing
Compression Molding

Material Types

Thermoset Polymer
Thermoplastic Polymer
Carbon Fiber
Others

Application Types

Structural Assemble
Power Train Components
Interior
Exterior
Others

Key Players

Competitive Landscape

Key players competing in the Argentina automotive composites market include BASF Group, Gurit, NSG Group, and Teijin. Some of these players are investing heavily in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Argentina Automotive Composites Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Composites Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Composites Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Composites Market - Supply Chain
  4.5. Global Automotive Composites Market Forecast
     4.5.1. Automotive Composites Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Composites Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Automotive Composites Market Absolute $ Opportunity
5. Global Automotive Composites Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Composites Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Composites Demand Share Forecast, 2019-2026
6. North America Automotive Composites Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Composites Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Composites Demand Share Forecast, 2019-2026
7. Latin America Automotive Composites Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Composites Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Composites Demand Share Forecast, 2019-2026
8. Europe Automotive Composites Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Composites Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Composites Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Composites Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Composites Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Composites Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Composites Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Composites Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Composites Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Composites Market: Market Share Analysis
  11.2. Automotive Composites Distributors and Customers
  11.3. Automotive Composites Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. ASF Group Gurit NSG Group Teijin