Automotive Thermoplastic Composites Market

The automotive thermoplastics composite market is expected to grow at a significant CAGR because of the increasing demand for lightweight and durable materials in automotive to meet government emission regulations and to achieve improved fuel efficiency. The thermoplastic composite material is a plastic material that can be molded and reshaped at a certain temperature and solidifies upon cooling. Metal components used in automotive can be replaced by thermoplastic composite material without affecting the quality. There are many applications for thermoplastics such as interior, exterior, structural applications, under the hood, and some drivetrain applications.

Years considered for this report:

• 2016 – Base Year
• 2017 – Estimated Year
• 2019 & 2025 – Projected Years

Objectives of the Study:

• To define and segment the automotive thermoplastic material composites market on the basis of application type and forecast the market size in terms of volume (‘000 units) and value (USD million), for the forecast period 2017–2025
• To segment the automotive thermoplastic material composites market on the basis of thermoplastic composites type and forecast the market size in terms of value and volume, for the forecast period 2017–2025
• To segment the automotive thermoplastic material composites market on the basis of vehicle type and forecast the market size in terms of value and volume, for the forecast period 2017–2025
• To segment the automotive thermoplastic material composites market on the basis of region and forecast the market size in terms of value and volume, for the forecast period 2017–2025
• To segment the automotive thermoplastic material composites market on the basis of alternative-fueled vehicle type and forecast the market size in terms of value and volume, for the forecast period 2017–2025

The research methodology used in the report involves various secondary sources such as Society of Indian Automobile Manufacturers (SIAM), European Automobile Manufacturers' Association (ACEA), the International Council on Clean Transportation (ICCT), and paid databases and directories such as Factiva, Bloomberg, and Hoovers. Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive thermoplastic composites market. To arrive at the market size for automotive thermoplastic composites, the average number of application of automotive thermoplastic composites has been identified to get the average weight of the thermoplastic composite material per vehicle. That number has been validated by an industry expert. The average weight of the thermoplastic composites is multiplied with the vehicle production (by vehicle type) of that particular region to get the market volume. The market size, in terms of volume, of automotive thermoplastic composites of each application type (interior, exterior, structural application, drivetrain, and others) is then multiplied by the average price (ASP) of the particular application. This gives the market size in terms of value. The summation of the country-wise market gives the regional market, and further summation of the regional markets gives the global automotive thermoplastic composites market.

The thermoplastic composites market ecosystem consists of manufacturers such as DuPont(US), LANXESS(US), the Quadrant group of companies (Switzerland), MPC (US), Polynt (US), Covestro AG (Germany), Dow Chemical Company (US), Huntsman International LLC (US), Toray Industries, Inc. (Japan), LyondellBasell Industries Holdings B.V. (US). It also includes OEMs such as Volkswagen (Germany), Daimler AG (Germany), Ford Motor Company (US), Hyundai Motor Company (South Korea), Toyota Motor Corporation (Japan), Tata Motors (India), Mahindra & Mahindra Ltd (India); and equipment manufacturer associations such as Automotive Component Manufacturers Association of India (ACMA), Japan Automotive Manufacturers Association (JAMA), European Automobile Manufacturers' Association (ACEA), and Canadian Vehicle Manufacturers' Association.

Please visit 360Quadrants to see the vendor listing of Top 20 Composites Companies, Worldwide 2023 

Target Audience

• Thermoplastic composite manufacturers
• Automotive components manufacturers
• Original Equipment Manufacturers (OEM)
• Industry associations and experts
• Hybrid engine component manufacturers

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• By Application type
  • Interior
  • Exterior
  • Drivetrain
  • Structural application
  • Others
• By thermoplastic composites type
  • Glass Mat Thermoplastic (GMT)
  • Short Fiber Thermoplastic (SFT)
  • Long Fiber Thermoplastic (LFT)
  • Continuous Fiber Thermoplastic (CFT)
• By Vehicle type
  • PC
  • LCV
  • HCV
• By Region
  • North America
  • Asia Oceania
  • Europe
  • RoW
• By Hybrid Vehicle
  • BEV
  • HEV
  • PHEV