Further key findings from the report suggest :
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The PMC segment occupied the largest share and is projected to grow at the second highest CAGR over
the forecast period
Glass fiber reinforced polymer composites held the largest share in the PMC segment, on account of its
lightweight benefits which range from 15% to 25%
CFRP also occupied a significant portion in the industry and is gaining preference as compared to metal
automotive component that uses aluminum, steel, and iron. CFRPs possess 30% greater strength than
other polymer composites with half their weight.
Stringent emission control regulations established in Europe and North America is projected to
enhance fuel saving by reducing vehicle weight
The exterior components segment accounted for 38% of the global demand and is expected to grow at
the highest CAGR over the forecast period
Composites are used in the manufacture of exterior automotive parts such as panoramic roof modules,
rear windshield glazing, wheel covers, headlight housings & lenses, bumper, fender, and front grille
among others
Increasing investment and technological collaborations in the automotive industry is projected to
contribute to the demand over the coming years
Key players include Cytec Solvay Group, Toray Industries, Inc., SGL Group - The Carbon Company, and
Teijin Limited
Companies offer a broad range of products and solutions for application specific use. With growing
demand for light weight parts in the automotive sector, automobile manufacturers are collaborating
with composite fabricators to develop new products catering to specific client requirement.
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Table Of Content
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Automotive composites market - Industry snapshot and key buying criteria
Chapter 3 Automotive Composites: Market Variables, Trends, and Scope
3.1 Market segmentation & scope
3.2 Penetration and growth prospect mapping, 2014 - 2025
3.3 Value chain analysis
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