Market Size of Automotive Thermoplastic Polymer Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Automotive Thermoplastic Polymer Composites Market Analysis
Automotive Thermoplastic Polymer Composite Market is expected to register a CAGR of 4%, during the forecast period.
- There has been rising interest toward thermoplastic polymer composites since the past few years, owing to several advantages of these materials, including high volume processability, recyclability, superior damage tolerance, and fracture toughness, and ability to produce complex shapes.
- These composites found applications in different modes of transportation, from cars to underground trains. Among thermoplastic composites, long-fiber thermoplastics (LFTs) are being extensively used in the transportation sector.
- The automotive industry was impacted due to high fuel prices. Furthermore, in the transportation industry, vehicle OEMs and suppliers use thermoplastic composites to reduce vehicle mass. Due to stringent emission regulations, automotive manufacturers are focusing on reducing the weigh of vehicle, as it helps in saving a noticeable amount of carbon dioxide emissions. A 10-kilogram weight reduction is estimated to reduce 1 gram of carbon dioxide per kilometer.
Automotive Thermoplastic Polymer Composites Industry Segmentation
Automotive Thermoplastic Polymer Composite Market is segmented By Production Type (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), By Application Type (Structural Assembly, Power Train Components, Interior, Exterior and Others), and by Geography.
| Production Type | |
| Hand Layup | |
| Resin Transfer Molding | |
| Vaccum Infusion Processing | |
| Injection Molding | |
| Compression Molding |
| Application Type | |
| Structural Assembly | |
| Power Train Components | |
| Interior | |
| Exterior | |
| Others |
| Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Automotive Thermoplastic Polymer Composites Market Size Summary
The automotive thermoplastic polymer composite market is experiencing a notable shift towards the adoption of these materials due to their advantageous properties such as high volume processability, recyclability, and superior damage tolerance. These composites are increasingly utilized across various transportation modes, with long-fiber thermoplastics being particularly prominent in the automotive sector. The push for lighter vehicles, driven by stringent emission regulations and the need for improved fuel efficiency, has led manufacturers to incorporate thermoplastic composites to reduce vehicle mass. This trend is further supported by innovations in materials like glass mat thermoplastic sheets, which offer design flexibility, low density, and high productivity, making them competitive alternatives to traditional materials.
The market is characterized by significant collaboration among key industry players, aiming to enhance the performance and cost-effectiveness of thermoplastic composites. Companies such as DuPont and SABIC are at the forefront, engaging in strategic partnerships and developing advanced technologies to replace traditional materials with lightweight, recyclable options. The focus on reducing carbon emissions and improving fuel economy is driving the demand for continuous fiber-reinforced thermoplastic composites, which are integral to the multi-material approach in future vehicle designs. Despite the market's consolidation, with a few major players dominating, the ongoing innovations and regulatory pressures are expected to sustain the growth and penetration of thermoplastic composites in the automotive industry.
Automotive Thermoplastic Polymer Composites Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porters 5 Force Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Production Type
-
2.1.1 Hand Layup
-
2.1.2 Resin Transfer Molding
-
2.1.3 Vaccum Infusion Processing
-
2.1.4 Injection Molding
-
2.1.5 Compression Molding
-
-
2.2 Application Type
-
2.2.1 Structural Assembly
-
2.2.2 Power Train Components
-
2.2.3 Interior
-
2.2.4 Exterior
-
2.2.5 Others
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 Germany
-
2.3.2.2 United Kingdom
-
2.3.2.3 France
-
2.3.2.4 Spain
-
2.3.2.5 Rest of Europe
-
-
2.3.3 Asia Pacific
-
2.3.3.1 India
-
2.3.3.2 China
-
2.3.3.3 Japan
-
2.3.3.4 Rest of Asia-Pacific
-
-
2.3.4 Latin America
-
2.3.4.1 Mexico
-
2.3.4.2 Brazil
-
2.3.4.3 Argentina
-
-
2.3.5 Middle-East and Africa
-
2.3.5.1 United Arab Emirates
-
2.3.5.2 Saudi Arabia
-
2.3.5.3 Rest of Middle-East and Africa
-
-
-
Automotive Thermoplastic Polymer Composites Market Size FAQs
What is the current Automotive Thermoplastic Polymer Composites Market size?
The Automotive Thermoplastic Polymer Composites Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Automotive Thermoplastic Polymer Composites Market?
3B-Fiberglass , Base Group , BASF, Gurit and Solvay are the major companies operating in the Automotive Thermoplastic Polymer Composites Market.
