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United States Automotive Composites Market Share, Analysis: By Production Process: Injection Moulding Process, Compression Moulding Process, Resin Transfer Moulding Process, Others; By Material Type: Thermoset Polymer, Others; By Vehicle Type; By Application; Regional Analysis; Competitive Landscape; 2024-2032
United States Automotive Composites Market Outlook
The United States automotive composites market size reached is projected to grow at a CAGR of 6.2% between 2024 and 2032.The major drivers of the market include increasing adoption of electric vehicles and growing requirement for lightweight vehicles.
Key Trends in the Market
Automotive composites are composed of high-performance fibres and are used in cars and trucks, among other vehicles. They are used for reducing vehicle weight and cutting down on carbon dioxide emissions. Automotive composites are also preferred by various automotive manufacturers as they support shape retention and have a low coefficient of thermal expansion.
- The rising requirement for lightweight vehicles due to rising environmental concerns is boosting the United States automotive composites market growth. A lightweight vehicle requires low amounts of fuel as it needs to overcome less inertia, significantly reducing carbon dioxide emissions and fuel consumption.
- The rising adoption of carbon automotive composites in the production of high functioning sports cars is supporting the market expansion across the United States. The lightweight nature of carbon composites provides more power while ensuring that the vehicle is able to withstand the stress of high-speed races.
- The growing adoption of electric vehicles in the United States owing to the presence of a well-established charging infrastructure and low operational costs of the vehicles is propelling the requirement for carbon fibre.
United States Automotive Composites Market Analysis
On the basis of production process, the market is divided into injection moulding process, compression moulding process, and resin transfer moulding process, among others. Based on material type, the market is classified into thermoset polymer, thermoplastic polymer, glass fibre, and carbon fibre, among others.
On the basis of vehicle type, the market is bifurcated into electric (EV) and non-electric vehicles. Based on application, the market is categorised into exterior components, interior components, and structural and powertrain components, among others. On the basis of region, the United States automotive composites market segmentation includes New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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 following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Mitsubishi Chemical Group Corp.
- SGL Carbon SE
- Toray Industries Inc.
- Owens Corning
- Solvay S.A.
- Teijin Limited
- Hexcel Corporation
- BASF SE
- Sigmatex
- Huntsman International LLC
- Others
Market Share by Material Type
Glass Fibre is anticipated to account for a significant United States automotive composites market share. The increased preference for the product by various automotive manufacturers can be attributed to the several advantages associated with the utilisation of glass fibres including durability, cost effectiveness, heat and moisture resistance, and flexibility, among others. The rising adoption of glass fibres can also be attributed to their low weight nature. The demand for light weight materials in automotive manufacturing is increasing to enhance fuel efficiency, supporting the segment expansion.
Market Share by Application
The usage of automotive composites for external applications are witnessing a significant increase in the United States. Automotive composites are preferred for various external applications including heat shielding components and headlights, among others as they allow the perfect blend of functionality and design and provide protection against convective, radiant, and conductive heat. The high flame resistance and durability offered by the product is further boosting the United States automotive composites market demand.
Competitive Landscape
Mitsubishi Chemical Group Corp. is a chemical manufacturing company that provides speciality materials and innovative solutions for ensuring the well-being of the planet and the people. The company has deep expertise in material science.
SGL Carbon SE is a chemical manufacturing company that was founded in 1992 and is headquartered in Hessen, Germany. The company specialises in graphite-based products and solutions, automotive composites, and semiconductors among others.
Toray Industries Inc. is a chemical manufacturing company that is headquartered in Chuo-ku, Tokyo and specialises in automotive composites, fibres and textiles, carbon fibre composite materials, and environment related machinery, among others.
Other United States automotive composites market key players include Owens Corning, Solvay S.A., Teijin Limited, Hexcel Corporation, BASF SE, Sigmatex, and Huntsman International LLC, 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 Production Process |
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| Breakup by Material Type |
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| Breakup by Vehicle Type |
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| Breakup by Application |
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| Breakup by Region |
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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 North America Automotive Composites Market Overview
8.1 Key Industry Highlights
8.2 North America Automotive Composites Historical Market (2018-2023)
8.3 North America Automotive Composites Market Forecast (2024-2032)
8.4 North America Automotive Composites Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Automotive Composites Market Overview
9.1 Key Industry Highlights
9.2 United States Automotive Composites Historical Market (2018-2023)
9.3 United States Automotive Composites Market Forecast (2024-2032)
10 United States Automotive Composites Market by Production Process
10.1 Injection Moulding Process
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Compression Moulding Process
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Resin Transfer Moulding Process
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United States Automotive Composites Market by Material Type
11.1 Thermoset Polymer
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Thermoplastic Polymer
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Glass Fibre
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Carbon Fibre
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 United States Automotive Composites Market by Vehicle Type
12.1 Electric Vehicles (EV)
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Non-Electric Vehicles
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 United States Automotive Composites Market by Application
13.1 Exterior Components
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Interior Components
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Structural and Powertrain Components
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 United States Automotive Composites Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Mitsubishi Chemical Group Corp.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 SGL Carbon SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Toray Industries Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Owens Corning
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Solvay S.A.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Teijin Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Hexcel Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 BASF SE
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Sigmatex
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Huntsman International LLC
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Automotive Composites Market: Key Industry Highlights, 2018 and 2032
2. United States Automotive Composites Market: Key Industry Highlights, 2018 and 2032
3. United States Automotive Composites Historical Market: Breakup by Production Process (USD Million), 2018-2023
4. United States Automotive Composites Market Forecast: Breakup by Production Process (USD Million), 2024-2032
5. United States Automotive Composites Historical Market: Breakup by Material Type (USD Million), 2018-2023
6. United States Automotive Composites Market Forecast: Breakup by Material Type (USD Million), 2024-2032
7. United States Automotive Composites Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
8. United States Automotive Composites Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
9. United States Automotive Composites Historical Market: Breakup by Application (USD Million), 2018-2023
10. United States Automotive Composites Market Forecast: Breakup by Application (USD Million), 2024-2032
11. United States Automotive Composites Historical Market: Breakup by Region (USD Million), 2018-2023
12. United States Automotive Composites Market Forecast: Breakup by Region (USD Million), 2024-2032
13. United States Automotive Composites Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The major market drivers include the increasing adoption of electric vehicles and growing requirement for lightweight vehicles.
The key trends fuelling the growth of the market include rising adoption of carbon automotive composites in the production of high functioning sports cars and increasing requirement for carbon fibre.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The significant vehicle types include electric (EV) and non-electric vehicles.
The major material types include thermoset polymer, thermoplastic polymer, glass fibre, and carbon fibre, among others.
The applications include exterior components, interior components, and structural and powertrain components, among others.
The key players in the market are Mitsubishi Chemical Group Corp., SGL Carbon SE, Toray Industries Inc., Owens Corning, Solvay S.A., Teijin Limited, Hexcel Corporation, BASF SE, Sigmatex, and Huntsman International LLC, among others.
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