UAE Automotive Composites Market Growth, Forecast | 2031

Segments - UAE Automotive Composites Market by Application Types (Powertrain Component, Exterior, Structural Assembly, Interior, and Others), Production Process Types (Compression Molding, Injection Molding, Hand Layup, and Continuous Process), Materials (Thermoplastic Polymer, Glass Fiber, Thermoset Polymer, and Carbon Fiber), and Country - UAE Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The UAE Automotive Composites Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 13% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising environmental concern, strict regulations on emission control, and increasing use of eco-friendly natural fibers. The large numbers of vehicles are uses conventional fuel technologies including petrol and diesel is anticipated to drive the market.

UAE Automotive Composites Market Outlook

Composites are the combination of two materials with various chemical and physical properties. Composites are most commonly used for replacing the steel and other heavy materials owing to their higher strength to weight ratio. They are combined to make a material that is specialized to do some job to become lighter, stronger, and resistant to electricity as well as helps to improve the stiffness and strength. It can be used or applied in various situations and improves the properties of their base materials.

Automotive composites have highly been impacted due to covid-19. Lockdown imposed in the country affected the manufacturers of automobiles that play a major role in the downturn of the automotive composites market. There are various activities that also affected the expansion of the automotive composites market such as halt in production, shutdown of manufacturing plants, and disturbance in the supply chain.

Market Trends, Drivers, Restraints, and Opportunities

Rising demand for fuel efficient and lightweight vehicles is anticipated to fuel the market growth during the forecast period.
Rapid growth of the automotive industry is major factors spurring the market expansion.
High manufacturing and processing cost of composites is estimated to hamper the market growth in the coming years.
Stringent rules and regulations by government acts as major challenge that can impede the market expansion.
R&D investment and technological advancement in composites are expected to offer significant opportunities for the market players.

Scope of the Report

The report on the UAE 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	UAE Automotive Composites Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016
Forecast Period	2023–2031
Segmentation	Application Types (Powertrain Component, Exterior, Structural Assembly, Interior, and Others), Production Process Types (Compression Molding, Injection Molding, Hand Layup, and Continuous Process), Materials (Thermoplastic Polymer, Glass Fiber, Thermoset Polymer, and Carbon Fiber)
Country	UAE
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Mitsubishi Chemical Carbon Fiber and Composites Inc.; Toho Tenex; Hexcel Corp.; Toray Industries Inc.; and SGL Carbon

Market Segment Insights:

Exterior segment is projected to account for a large market share

Based on application types, the UAE automotive composites market is divided into powertrain component, exterior, structural assembly, interior, and others. The exterior segment is expected to constitute a key share of the market during the forecast period owing to major components of car body including fender, door panels, bumper beam, front end module, and hood are made of composite materials. The use of composite materials ensures long lifecycle, durability, and lowers maintenance cost. However, the interior segment is anticipated to expand at a rapid pace during the forecast period due to rising need for lightweight interior components.

Injection molding segment is projected to hold a key market share

On the basis of production process types, the market is segmented into compression molding, injection molding, hand layup, and continuous process. The injection molding segment is expected to represent a key share of the market in the coming years due to increasing adoption in automotive industry and high operating temperatures. On the other hand, the compression molding segment is anticipated to expand at a rapid pace during the forecast period owing to simpler process and lower tooling costs.

Glass fiber segment is projected to constitute a major market share

In terms of materials, the UAE automotive composites market is segregated into thermoplastic polymer, glass fiber, thermoset polymer, and carbon fiber. The glass fiber segment is expected to account for a key share of the market during the forecast period owing to its superior attributes including flexibility, lightweight, strength, stability, and durability. Glass fiber also helps in resistance of temperature, heat, and moisture. Glass fiber composites are composed of high number of tiny glass fibers that are combined together and held strongly in place of plastic polymer resin.

UAE Automotive Composites Market Materials

Segments

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

Application Types

Powertrain Component
Exterior
Structural Assembly
Interior
Others

Production Process Types

Compression Molding
Injection Molding
Hand Layup
Continuous Process

Materials

Thermoplastic Polymer
Glass Fiber
Thermoset Polymer
Carbon Fiber

Country

Key Players

Mitsubishi Chemical Carbon Fiber and Composites Inc.
Toho Tenex
Hexcel Corp.
Toray Industries Inc.
SGL Carbon

Competitive Landscape

Key players competing in the UAE automotive composites market include Mitsubishi Chemical Carbon Fiber and Composites Inc.; Toho Tenex; Hexcel Corp.; Toray Industries Inc.; and SGL Carbon. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

UAE 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. Mitsubishi Chemical Carbon Fiber and Composites Inc.
     11.4.2. Toho Tenex
     11.4.3. Hexcel Corp.
     11.4.4. Toray Industries Inc.
     11.4.5. SGL Carbon