Europe automotive composites market is set to exhibit a growth rate of over 7% through 2026. The product witnesses high demand from European countries including the UK, France, Germany, and Spain. Burgeoning automobile industry and government regulations related to greenhouse gas emissions from vehicles are likely to generate considerable growth prospects for the regional automotive composites business landscape.

The commission mandated that as of 1 September 2017, all new car models are supposed to pass new, more reliable and rigorous emissions tests in real driving conditions as well as a high-level laboratory test before they are allowed to be driven on roads across Europe. Vehicle emission regulations in the region may contribute towards growth of automotive composites industry size.

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Growing consumer inclination towards fuel efficient hybrid and electric vehicles will drive global automotive composites market outlook. Automotive composites are light weight structures that are utilized in place of traditional manufacturing materials for several interior, exterior and other auxiliary parts in vehicle in order to reduce overall vehicle weight.

Favorable governmental initiatives to support light weighting of vehicles to reduce the environmental impact quality will fuel the adoption of automotive composites by vehicle manufacturers. It is estimated that every 10% reduction in vehicle weight results in 7% increase in fuel economy, and with add-on compounded weight savings, there can be 9.5% improvement in the fuel economy. 

Rising demand for composites material for interior, exterior, structural and powertrain applications may favor product penetration in the coming years. Estimates suggests that global automotive composites market size will cross the USD 5.5 billion mark by 2026.

On the basis of resin, composites are categorized as thermoset and thermoplastics. Manufacturing of these composites is carried out generally through compression injection and resin transfer molding. In 2019, injection manufacturing process held over 15% share of the market is estimated to witness substantial growth through 2026.

Light weight vehicles are no longer optional. All across the globe, the goal of material & design engineers is to build and design multi-material lightweight automotive vehicles in high volume while providing equivalent or even greater levels durability and safety. Original equipment manufacturers are exploring materials such as plastics, anodized aluminum, carbon fibers and others for reducing vehicle weight, expanding their design possibilities and supplementing automotive composites market forecast.

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Key automotive composites industry participants include Owens Corning, Mitsubishi Rayon Co., Ltd., Teijin Ltd., Toray Industries, Johns Manville Corporation, Hexcel Corporation, and Cytec Solvay Group, among others. In order to sustain in the competitive landscape, the companies are focused on various growth strategies including technology advancement, M&A, and geographic expansion.

Partial Chapter of the Table of Content

Chapter 5    Automotive Composites Market, By Resin

5.1    Market by resin, 2019 & 2026

5.2    Thermoset

5.2.1    Market estimates and forecast, 2016 – 2026

5.2.2    Market estimates and forecast by region, 2016 – 2026

5.3    Thermoplastic

5.3.1    Market estimates and forecast, 2016 – 2026

5.3.2    Market estimates and forecast by region, 2016 – 2026

Chapter 6    Automotive Composites Market, By Manufacturing Process

6.1    Market by manufacturing process, 2019 & 2026

6.2    Compression

6.2.1    Market estimates and forecast, 2016 – 2026

6.2.2    Market estimates and forecast by region, 2016 – 2026

6.3    Injection

6.3.1    Market estimates and forecast, 2016 – 2026

6.3.2    Market estimates and forecast by region, 2016 – 2026

6.4    RTM Resin

6.4.1    Market estimates and forecast, 2016 – 2026

6.4.2    Market estimates and forecast by region, 2016 – 2026

6.5    Others

6.5.1    Market estimates and forecast, 2016 – 2026

6.5.2    Market estimates and forecast by region, 2016 – 2026

Chapter 7    Automotive Composites Market, By Application

7.1    Market by application, 2019 & 2026

7.2    Interior

7.2.1    Market estimates and forecast, 2017 – 2027

7.2.2    Market estimates and forecast by region, 2017 – 2027

7.3    Exterior

7.3.1    Market estimates and forecast, 2017 – 2027

7.3.2    Market estimates and forecast by region, 2017 – 2027

7.4    Structural

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