Germany Automotive Composites Market Growth & Forecast 2031

Segments - 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 2023 -2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

Germany Automotive Composites Market Outlook 2031:

The Germany automotive composites market size was valued at USD 10.40 Billion in 2022 and is projected to reach USD 36.59 Billion by 2031, expanding at a CAGR of 15% during the forecast period 2023 - 2031. 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.

Automotive Composites 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	2022
Historic Data	2016–2021
Forecast Period	2023-2031
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
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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.

Germany Automotive Composites Market Material Type

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.

Germany Automotive Composites Market End Users

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.

Germany 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 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