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US Automotive Composites Market Growth & Forecast [2031]
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US Automotive Composites Market Growth & Forecast [2031]

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

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-1741 | 4.5 Rating | 56 Reviews | 175 Pages | Format : PDF Excel PPT

Report Description


The U.S automotive composites market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 13% during 2023–2031. The growth of the market is attributed to the rising use of eco friendly natural fibers, increasing environmental concern, and strict regulations on emission control.

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. The large numbers of vehicles are uses conventional fuel technologies including petrol and diesel is anticipated to drive the market. 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.

US Automotive Composites Market Outlook

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.  

  • Increasing demand for lightweight and fuel efficient vehicles is projected to propel the market expansion in the coming years.

  • Rapid growth of the automotive industry is major factors fueling the market growth.

  • Stringent rules and regulations by government acts as major challenge that can hamper the market expansion.

  • High manufacturing and processing price of composites is estimated to impede the market growth during the forecast period.

  • R&D investment and technological advancement in composites are projected to offer lucrative opportunities for the market players.

Scope of U.S Automotive Composites Market Report

The report on the U.S 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

U.S Automotive Composites Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Application Types (Power Train Components, Exterior, Structural Assembly, Interior, and Others), Production Types (Compression Molding, Injection Molding, Hand Layup, Vacuum Infusion Processing, and Resin Transfer Molding), Materials (Thermoplastic Polymer, Glass Fiber, Thermoset Polymer, Carbon Fiber, and Others)

Country

United States

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Delphi Technologies; SGL Carbon SE; 3B Fiberglass; General Motors Company; and Nippon Sheet Glass Co Ltd.

U.S Automotive Composites Market Segment Insights

Exterior segment is projected to account for a large market share

Based on application types, the U.S automotive composites market is divided into power train components, 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.

US Automotive Composites Market Type

Injection molding segment is projected to hold a key market share

On the basis of production types, the market is segmented into compression molding, injection molding, hand layup, vacuum infusion processing, and resin transfer molding. 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 U.S automotive composites market is segregated into thermoplastic polymer, glass fiber, thermoset polymer, and carbon fiber, and others. 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.

Segments

The U.S automotive composites market has been segmented on the basis of

Application Types

  • Power Train Components
  • Exterior
  • Structural Assembly
  • Interior
  • Others

Production Types

  • Compression Molding
  • Injection Molding
  • Hand Layup
  • Vacuum Infusion Processing
  • Resin Transfer Molding

Materials

  • Thermoplastic Polymer
  • Glass Fiber
  • Thermoset Polymer
  • Carbon Fiber
  • Others

Country

  • United States

Key Players

  • Delphi Technologies
  • SGL Carbon SE
  • 3B Fiberglass
  • General Motors Company
  • Nippon Sheet Glass Co Ltd.

Competitive Landscape

Key players competing in the U.S automotive composites market include Delphi Technologies; SGL Carbon SE; 3B Fiberglass; General Motors Company; and Nippon Sheet Glass Co Ltd. 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.

US 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 (000’ 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. Delphi Technologies
     11.4.2. SGL Carbon SE
     11.4.3. 3B Fiberglass
     11.4.4. General Motors Company
     11.4.5. Nippon Sheet Glass Co Ltd.

Methodology

Our Clients

Nestle SA
The John Holland Group
Microsoft
General Electric
Deloitte
sinopec
General Mills
Siemens Healthcare