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Germany Automotive Composites Market Share, Trends, Outlook: By Fiber Type: Glass Fibre, Carbon Fibre, Others; By Resin Type: Thermoset, Thermoplastic; By Manufacturing Process: Compression Moulding, Injection Moulding, Resin Transfer Moulding (RTM), Others; By Application: Structural Assembly, Others; Competitive Landscape; 2024-2032
Germany Automotive Composites Market Outlook
The Germany automotive composites market size reached nearly USD 549.48 million in 2023. The market is projected to grow at a CAGR of 13.50% between 2024 and 2032 to reach a value of around USD 1,719.17 million by 2032.
Key Trends in the Market
Automotive composites refer to lightweight materials that are made from materials with different chemical and physical properties. Automotive composites are stiff and strong and do not rust or corrode over a long period of time.
- The increasing sales of passenger vehicles in Germany have been driving the demand for automotive composites. In addition, stringent safety standards, along with a greater focus on ensuring the reliability of vehicles by manufacturers, are fuelling the Germany automotive composites market growth.
- The increasing export of light commercial vehicles is further bolstering the demand for automotive composites. Moreover, the market is anticipated to be aided by the increasing research and development activities aimed at improving the fuel efficiency of vehicles in Germany.
- The growing deployment of lightweight natural fibres in next-generation vehicles is a crucial Germany automotive composites market trend. These natural fibres are likely to witness a heightened demand in the manufacturing of vehicles to provide lightweight high stability, and resistance against mechanical deformity to various components.
Market Analysis
Based on fibre type, the Germany automotive composites market segmentation includes glass fibre, and carbon fibre, among others. On the basis of resin type, the market is classified into thermoset and thermoplastic. By manufacturing process, the market is categorised into compression moulding, injection moulding, and resin transfer moulding (RTM), among others. Based on application, the market is segmented into structural assembly, powertrain component, interior, and exterior, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Germany automotive composites market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- BASF SE
- SGL Carbon SE
- Solvay Group
- Toray Industries, Inc.
- BMW AG
- Hexcel Corporation
- Teijin Limited
- Voith GmbH & Co. KGaA
- Muhr und Bender KG
- Others
Market Share by Fibre Type
Glass fibre accounts for a significant portion of the Germany automotive composites market share. Glass fibres offer high abrasion resistance, making them ideal for manufacturing brake pads and clutches. They are also less dense compared to heavy metal counterparts, such as steel, which is boosting their applications in vehicles. Moreover, favourable properties of automotive glass fibre composites such as sound dampening, fire resistance, and high tensile strength can improve the overall quality of an automobile.
Market Share by Application
As per the Germany automotive composites market analysis, the demand for composites in manufacturing the exterior of vehicles is expected to significantly rise in the forecast period. This can be attributed to the heightened demand for automotive composites for manufacturing several exterior components of vehicles such as front and rear bumper, hood, door, and casing, among others. Furthermore, exterior automotive composites improve the safety of the passengers, leading to a secure driving experience.
Competitive Landscape
BASF SE is a leading chemical company that manufactures paints and coatings, pharmaceuticals, plastics and rubbers, and pulp and paper, among other products. The company was founded in 1865 and is headquartered in Ludwigshafen, Germany.
SGL Carbon SE is a company which is engaged in manufacturing carbon and graphite products. The product portfolio of the company includes expanded natural graphite, laminated sheets, automotive components, and energy storage solutions, among others.
Solvay Group is one of the leading companies offering solutions related to materials and chemicals. The product portfolio of this company includes amines, mining chemicals, solvents, and speciality polymers, among others.
Other Germany automotive composites market players include Toray Industries, Inc., BMW AG, Hexcel Corporation, Teijin Limited, Voith GmbH & Co. KGaA, and Muhr und Bender KG, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Fiber Type |
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| Breakup by Resin Type |
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| Breakup by Manufacturing Process |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Automotive Composites Market Overview
8.1 Key Industry Highlights
8.2 Global Automotive Composites Historical Market (2018-2023)
8.3 Global Automotive Composites Market Forecast (2024-2032)
8.4 Global Automotive Composites Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Germany Automotive Composites Market Overview
9.1 Key Industry Highlights
9.2 Germany Automotive Composites Historical Market (2018-2023)
9.3 Germany Automotive Composites Market Forecast (2024-2032)
10 Germany Automotive Composites Market by Fiber Type
10.1 Glass Fibre
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Carbon Fibre
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Germany Automotive Composites Market by Resin Type
11.1 Thermoset
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Thermoplastic
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Germany Automotive Composites Market by Manufacturing Process
12.1 Compression Moulding
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Injection Moulding
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Resin Transfer Moulding (RTM)
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Germany Automotive Composites Market by Application
13.1 Structural Assembly
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Powertrain Component
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Interior
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Exterior
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 SGL Carbon SE
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Solvay Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Toray Industries, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BMW AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hexcel Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Teijin Limited
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Voith GmbH & Co. KGaA
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Muhr und Bender KG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Composites Market: Key Industry Highlights, 2018 and 2032
2. Germany Automotive Composites Market: Key Industry Highlights, 2018 and 2032
3. Germany Automotive Composites Historical Market: Breakup by Fiber Type (USD Million), 2018-2023
4. Germany Automotive Composites Market Forecast: Breakup by Fiber Type (USD Million), 2024-2032
5. Germany Automotive Composites Historical Market: Breakup by Resin Type (USD Million), 2018-2023
6. Germany Automotive Composites Market Forecast: Breakup by Resin Type (USD Million), 2024-2032
7. Germany Automotive Composites Historical Market: Breakup by Manufacturing Process (USD Million), 2018-2023
8. Germany Automotive Composites Market Forecast: Breakup by Manufacturing Process (USD Million), 2024-2032
9. Germany Automotive Composites Historical Market: Breakup by Application (USD Million), 2018-2023
10. Germany Automotive Composites Historical Market: Breakup by Application (USD Million), 2018-2023
11. Germany Automotive Composites Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 549.48 million in 2023.
The market is estimated to grow at a CAGR of 13.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1,719.17 million by 2032.
The increasing sales of passenger vehicles in Germany, the increasing export of light commercial German vehicles, and surging research and development activities by automotive manufacturers are the major drivers of the market.
The key trends in the market include the growing deployment of lightweight natural fibres in next-generation vehicles and the rising usage of composites in the exterior of a vehicle.
Glass fibre, and carbon fibre, among others, are the different fibre types considered in the market report.
Thermoset and thermoplastic are the major resin types included in the market report.
BASF SE, SGL Carbon SE, Solvay Group, Toray Industries, Inc., BMW AG, Hexcel Corporation, Teijin Limited, Voith GmbH & Co. KGaA, and Muhr und Bender KG, among others, are the key market players.
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