Market Size of South Africa Automotive Thermoplastic Polymer Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Africa Automotive Thermoplastic Polymer Composites Market Analysis
South Africa 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.
South Africa Automotive Thermoplastic Polymer Composites Industry Segmentation
South Africa Automotive Thermoplastic Polymer Composite Market is segmented By Production Type (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding) and By Application Type (Structural Assembly, Power Train Components, Interior, Exterior and Others).
| Production Process Type | |
| Hand Layup | |
| Compression Molding | |
| Continous Process | |
| Injection Molding |
| Application Type | |
| Structural Assembly | |
| Powertrain Component | |
| Interior | |
| Exterior | |
| Others |
South Africa Automotive Thermoplastic Polymer Composites Market Size Summary
The South Africa Automotive Thermoplastic Polymer Composites Market is experiencing a notable shift towards the adoption of thermoplastic polymer composites, driven by their advantageous properties such as high volume processability, recyclability, and superior damage tolerance. These materials are increasingly utilized in various transportation modes, with long-fiber thermoplastics (LFTs) gaining traction in the automotive sector. The push for lighter vehicles, prompted by high fuel prices and stringent emission regulations, has led vehicle manufacturers to incorporate these composites to reduce vehicle mass and improve fuel efficiency. Glass mat thermoplastic (GMT) composites, particularly those based on propylene, are gaining popularity due to their cost-effectiveness and mechanical performance, offering design freedom and easy recycling.
The demand for thermoplastic composites is further fueled by innovations and market penetration efforts, as seen in the automotive industry's shift towards high-performance lightweight materials to meet Corporate Average Fuel Economy (CAFÉ) standards and European Union emission targets. Continuous fiber-reinforced thermoplastic composites (CFRTP) are emerging as a solution to address weight concerns, supporting a multi-material approach in vehicle design. Collaborative efforts among industry players, such as DuPont and SABIC, are enhancing the development and standardization of cost-effective CFRTP composites for high-volume applications. The market is consolidated, with key players like 3B-Fiberglass, BASF, and Solvay leading the charge in advancing these materials for automotive applications in South Africa.
South Africa Automotive Thermoplastic Polymer Composites Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porters Five 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 Process Type
-
2.1.1 Hand Layup
-
2.1.2 Compression Molding
-
2.1.3 Continous Process
-
2.1.4 Injection Molding
-
-
2.2 Application Type
-
2.2.1 Structural Assembly
-
2.2.2 Powertrain Component
-
2.2.3 Interior
-
2.2.4 Exterior
-
2.2.5 Others
-
-
South Africa Automotive Thermoplastic Polymer Composites Market Size FAQs
What is the current South Africa Automotive Thermoplastic Polymer Composites Market size?
The South Africa Automotive Thermoplastic Polymer Composites Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in South Africa Automotive Thermoplastic Polymer Composites Market?
3B-Fiberglass, Base Group, BASF, Gurit and Solvay are the major companies operating in the South Africa Automotive Thermoplastic Polymer Composites Market.
