Germany Automotive Composites Market by Material Types (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, Glass Fiber, and Others), Production Types (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), End-users (Passenger Vehicles, and Commercial Vehicles), and Geography - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Germany automotive composites market size is anticipated to expand at a CAGR of 14% during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for car owing to increasing purchasing power in the country.
The automotive composites industry is expected to benefit Germany as it strives to reduce its energy use. For decades, the automotive industry has prioritized vehicle weight owing to the direct impact on driving dynamics and fuel consumption. High cost of potential lightweight solutions and consumers' limited willingness to pay for weight reduction in automobiles, has limited the usage of expensive lightweight materials.
The importance of lightweight materials has increased over the time as government state bodies around the world implement tough emission rules and even aim to establish high emissions standards in the coming years. Fibers account for 50% of the volume in a typical automobile while adding only 10% to the weight.
According to the US Department of Energy (DOE), lowering vehicle weight by 10% results in a 6-8% boost in fuel economy. This have encouraged auto makers to use lightweight and fuel-efficient materials, such as carbon fiber and glass fiber composites. The use of glass fiber composites helps to reduce vehicle weight by 25%. By 2021, EU emission laws require a decrease of 95 g/km of CO2, with another 15% reduction by 2025 and a further 30% decrease by 2030.
Manufacturers are seeking to make low-cost items as natural resources are depleting at a high-rate all around the world. Composite parts aid organizations by lowering raw material requirements, reducing energy use, and enhancing price flexibility. It also contributes to long-term sustainability. Stringent regulations for limiting emissions have persuaded manufacturers to lower vehicle's weight and combustion.
Market Trends, Drivers, Restraints, and Opportunities
- Increased government efforts and assistance is expected to propel the market growth.
- Growing demand for lightweight materials is driving the growth of the market.
- Rising investment in the R&D activities for the development of advanced composite fiber can create enormous opportunities for the market participants.
Scope of Automotive Composites Market Report
The report on the Germany 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 |
Germany Automotive Composites-Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2021 |
|
Historic Data |
2019–2020 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Material Types (Thermoset Polymer, Thermoplastic Polymer, Carbon Fiber, Glass Fiber, and Others), Production Types (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), and End-users (Passenger Vehicles, and Commercial Vehicles) |
|
Geographical Zone |
Germany |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and composite Inc, SGL carbon, and Toray Industries Inc |
Germany Automotive Composites Market Segment Insights:
Thermoset polymer segment to account a large market share
Based on material types, the German automotive composites market is segregated into thermoset polymer, thermoplastic polymer, carbon fiber, glass fiber and others. Thermoset composites (TMCs) have been widely used in the production of racing cars and luxury sports cars. The technological advancements are expected to help the material cost to fall by 15% to 30%, and the manufacturing cost to reduce by 15% to 20%. Thermoset polymers are cured into a solid state and cannot be returned to their uncured state. Thermoset matrix composites are strong and have a high fatigue strength. They are extremely brittle and have a low impact toughness.
TMCs are thermoplastic composites that evolved from structural polymer composites. As this polymer uses a thermoplastic matrix, these materials are not chemically unstable. TMCs soften and can be remolded without degradation. They solidify into the finished shape as they cool.
Hand layup segment is estimated to expand at a high CAGR
On the basis of production types, the Germany automotive composites market is segregated into hand layup, resin transfer molding, vacuum infusion processing, injection molding, and compression molding. The hand layup design method involves manually laying down individual layers or plies of a cement replacement known as prepreg. This is made up of millions of threads that have been glued together and bundled into tows before being weaved or structured into a single unidirectional ply.
Passenger vehicles segment is anticipated to account a major market share
In terms of End-users, the market is segregated into passenger vehicles and commercial vehicles. The passenger vehicles segment is expected to hold a large market share owing to increasing demand for lightweight and fuel-efficient passenger vehicles, as well as the emerging trend of electric cars. Furthermore, increasing awareness of strict government emission control regulations is driving the market segment.
Segments
The German automotive composites market is segmented on the basis of
Material Types
- Thermoset Polymer
- Thermoplastic Polymer
- Carbon Fiber
- Glass Fiber
- Others
Production Types
- Hand Layup
- Resin Transfer Molding
- Vacuum Infusion Processing
- Injection Molding
- Compression Molding
End-users
- Passenger Vehicles
- Commercial Vehicles
Country
- Germany
Key Players
- Hexcel Corporation
- Mitsubishi Chemical Carbon Fiber and composite Inc
- SGL carbon
- Toray Industries Inc
Competitive Landscape
The major players in the German automotive composites market include Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and composite Inc, SGL carbon, and Toray Industries Inc.
Companies are engaging in mergers, acquisitions and partnerships to expand their market share.
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 (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Composites Market Absolute $ Opportunity
5. Global Automotive Composites Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Automotive Composites Market Size and Volume Forecast by End Users
5.3.1. Passenger Vehicles
5.3.2. Commercial Vehicles
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Automotive Composites Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Automotive Composites Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Automotive Composites Demand Share Forecast, 2019-2026
7. North 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
7.2. North America Automotive Composites Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Automotive Composites Market Size and Volume Forecast by End Users
7.4.1. Passenger Vehicles
7.4.2. Commercial Vehicles
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Automotive Composites Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
8.2. Latin America Automotive Composites Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Automotive Composites Market Size and Volume Forecast by End Users
8.4.1. Passenger Vehicles
8.4.2. Commercial Vehicles
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Automotive Composites Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
9.2. Europe Automotive Composites Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Automotive Composites Market Size and Volume Forecast by End Users
9.4.1. Passenger Vehicles
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Automotive Composites Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Automotive Composites Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Automotive Composites Market Size and Volume Forecast by End Users
10.4.1. Passenger Vehicles
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Automotive Composites Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Composites Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Automotive Composites Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Automotive Composites Market Size and Volume Forecast by End Users
11.4.1. Passenger Vehicles
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Automotive Composites Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Automotive Composites Market: Market Share Analysis
12.2. Automotive Composites Distributors and Customers
12.3. Automotive Composites Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Hexcel Corporation
12.4.2. Mitsubishi Chemical Carbon Fiber and composite Inc
12.4.3. SGL carbon
12.4.4. Toray Industries Inc
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 (000’ Units) and Y-o-Y Growth
4.5.3. Automotive Composites Market Absolute $ Opportunity
5. Global Automotive Composites Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Automotive Composites Market Size and Volume Forecast by End Users
5.3.1. Passenger Vehicles
5.3.2. Commercial Vehicles
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Automotive Composites Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Automotive Composites Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Automotive Composites Demand Share Forecast, 2019-2026
7. North 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
7.2. North America Automotive Composites Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Automotive Composites Market Size and Volume Forecast by End Users
7.4.1. Passenger Vehicles
7.4.2. Commercial Vehicles
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Automotive Composites Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
8.2. Latin America Automotive Composites Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Automotive Composites Market Size and Volume Forecast by End Users
8.4.1. Passenger Vehicles
8.4.2. Commercial Vehicles
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Automotive Composites Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
9.2. Europe Automotive Composites Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Automotive Composites Market Size and Volume Forecast by End Users
9.4.1. Passenger Vehicles
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Automotive Composites Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Automotive Composites Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Automotive Composites Market Size and Volume Forecast by End Users
10.4.1. Passenger Vehicles
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Automotive Composites Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Composites Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Automotive Composites Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Automotive Composites Market Size and Volume Forecast by End Users
11.4.1. Passenger Vehicles
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Automotive Composites Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Automotive Composites Market: Market Share Analysis
12.2. Automotive Composites Distributors and Customers
12.3. Automotive Composites Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Hexcel Corporation
12.4.2. Mitsubishi Chemical Carbon Fiber and composite Inc
12.4.3. SGL carbon
12.4.4. Toray Industries Inc
The German automotive composites market is segmented on the basis of
Material Types
- Thermoset Polymer
- Thermoplastic Polymer
- Carbon Fiber
- Glass Fiber
- Others
Production Types
- Hand Layup
- Resin Transfer Molding
- Vacuum Infusion Processing
- Injection Molding
- Compression Molding
End-users
- Passenger Vehicles
- Commercial Vehicles
Country
- Germany
Key Players
- Hexcel Corporation
- Mitsubishi Chemical Carbon Fiber and composite Inc
- SGL carbon
- Toray Industries Inc
The major players in the German automotive composites market include Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and composite Inc, SGL carbon, and Toray Industries Inc.
Companies are engaging in mergers, acquisitions and partnerships to expand their market share.
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