China Automotive Composites Market

China Automotive Composites Market by Material Types (Thermoplastic Polymer, Carbon Fiber, Thermoset Polymer, Glass Fiber and Others) Production Types (Resin Transfer Molding, Vacuum Infusion Processing, Hand Layup, Injection Molding and Compression Molding), Applications (Power train Component, Structural Assembly, Interior, Exterior and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-3133
  • Author: Growth Market Reports
  • Rating: 4.6
  • Total Reviews: 3
  • No. Of Pages: 207
  • Format:
  • Pub. Date: Upcoming
  • Share:

The China automotive composites market size is expected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed rapidly growing automotive industry and increasing demand for light weight vehicles.


China Automotive Composites Market

A composite is made up of a high-performance fiber and a matrix material that when combined, gives better qualities than the individual components. Translucent concrete, mud bricks, absorbent concrete, wood, fiberglass, Kevlar, carbon fiber, and pykrete are examples of composite materials. Composites in Cars makes vehicles lighter, safer and more fuel-efficient.

China is the world leader in electric car production, which may be ascribed to its well-versed industrial base for making automobiles, as well as simple access to labor and raw materials. In comparison to established markets, the nation offers open foreign direct investment regulations, which has piqued the interest of OEMs of car firms in recent years.

It is the world's largest automobile market in terms of both yearly sales and manufacturing output, with domestic output estimated to exceed 35 million vehicles by 2025. According to Ministry of Industry and Information Technology figures, nearly 25 million automobiles were sold in 2019, with 21.44 million passenger vehicles sold, a 9.6 percent decrease from 2018, and 4.32 million commercial vehicles sold, a 1.1 percent decrease from 2018.

Chinese automakers are not just growing into emerging countries such as Asia, Africa, and South America, where they are already challenging established players in conventional internal combustion engine (ICE) categories such as Japanese and South Korean manufacturers. They have also increased their attempts to expand in developed countries, notably in Europe, with a focus on the fast-growing electric vehicle (EV) category, which is emerging as a crucial strength for Chinese manufacturers.

In China, Phase I and Phase II fuel consumption rules were implemented in 2005, requiring each vehicle model to satisfy particular fuel consumption limits. In 2011, Phase III requirements incorporated corporate average fuel consumption (CAFC) objectives, which added fleet average targets to the existing per-model norms. In 2016, Phase IV went into effect, establishing a new sales fleet average fuel economy target of 5.0 L/100 km for 2020. China now implements Phase V standards, with fleet average aims of 4.0 L/100 km (NEDC) by 2025 and 3.2 L/100 km (NEDC) by 2030.

The Chinese government currently mandates NEV (new energy vehicles/electric) sales to account for 8% of total vehicle sales by 2019, with a goal of selling two million such vehicles per year by 2020 and 20% by 2025.

Market Trends, Drivers, Restraints, and Opportunities

  • Rapid growth of the auto industries is major factors driving the market growth in the coming years.
  • Growing trend high strength also high demand for advance technology with maximum safety features are estimated to fuel the market expansion during the forecast period.
  • Rising stringent government regulations to install advanced safety feature is expected to boost the market growth in the coming years.
  • Increasing adoption of advanced and energy efficient technology is projected to push the market expansion.
  • Roadway and vehicle design advancements have gradually is projected to propel the market.
  • high costs associated with carbon fiber composites, and glass fiber composites is expected to restrict the market growth.
  • Low recyclability of composites acts as key challenges that can hamper the market growth during the forecast period.

Scope of the Report

The report on the China 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

China Automotive Composites Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Material Types (Thermoplastic Polymer, Carbon Fiber, Thermoset Polymer, Glass Fiber and Others) Production Types (Resin Transfer Molding, Vacuum Infusion Processing, Hand Layup, Injection Molding and Compression Molding), Applications (Power train Component, Structural Assembly, Interior, Exterior and Others)

Country Scope

China

Report Coverage

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

Key Players Covered in the Report

Toray Group; BASF SE; Hexcel Corporation; 3B-Fiberglass; SGL Carbon

China Automotive Composites Market Segment Insights

The glass fiber segment is projected to account for a large market share

Based on Material Types, the China automotive composites market is divided into thermoplastic polymer, carbon fiber, thermoset polymer, glass fiber and others. The glass fiber segment is expected to represent a key share of the market during the forecast period due to lightweight, has a high tensile strength, and is simple to work with and manufacture. technical advancements in the fiberglass production process


China Automotive Composites Market

The resin transfer molding segment is expected to expand at a rapid pace

In terms of production types, the China automotive composites market is segmented into resin transfer molding, vacuum infusion processing, hand layup, injection molding and compression molding. The resin transfer molding segment is expected to hold a key share of the market in the coming years due to widely used to make a huge number of intricately formed pieces and offers a dimensionally accurate and high quality of surface finish of composite.

The structural assembly segment is expected to register a rapid growth

On the basis of applications, the China automotive composites market is segmented structural assembly, into power train component, interior, exterior and others. The structural assembly segment is expected to account for a key share of the market in the coming years owing to helps to manufacture customized products.


China Automotive Composites Market

Segments

Segments Covered in the Report

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

Material Types

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

Production Types

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

 Applications

  • Power train Component
  • Structural Assembly
  • Interior
  • Exterior
  • Others

Country

  • China

Key Players

  • Toray Group
  • BASF SE
  • Hexcel Corporation
  • 3B-Fiberglass
  • SGL Carbon

Competitive Landscape

Key players competing in the China automotive composites market include Toray Group; BASF SE; Hexcel Corporation; 3B-Fiberglass; SGL Carbon.

Some of these players are coming up with several market such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.

China Automotive Composites Market

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)

Segments Covered in the Report

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

Material Types

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

Production Types

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

 Applications

  • Power train Component
  • Structural Assembly
  • Interior
  • Exterior
  • Others

Country

  • China

Key Players

  • Toray Group
  • BASF SE
  • Hexcel Corporation
  • 3B-Fiberglass
  • SGL Carbon

Key players competing in the China automotive composites market include Toray Group; BASF SE; Hexcel Corporation; 3B-Fiberglass; SGL Carbon.

Some of these players are coming up with several market such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.

China Automotive Composites Market

Buy Report