“The automotive composite materials market is projected to be largest in Asia-Oceania from 2015 to 2020. This can be attributed to the rising demand for automobiles in this region. Many OEMs are expanding in this region to cater to this demand. Along with increasing vehicle production; economic development, large population in the region, improving emission regulations, rising awareness about eco-friendly systems, and benefits of better fuel efficiency are key factors driving growth of the automotive composite materials market in the Asia-Oceania region.
Composite materials are used to increase the efficiency of a vehicle by reducing its overall weight and hence its overall fuel consumption. The composite materials are used in different applications in a vehicle such as structure, powertrain, interior, and exterior. The current scenario of emission norms getting stringent every year, and automotive OEMs are bound to use better and lighter materials to keep the vehicle under emission limits. There have been various factors leading to the evolution in composite materials, namely, the need for improved fuel economy, greater power requirements, increasing vehicle performance requirements, and enhanced driving experience.
The market is dominated by players including Toray Industries (Japan), Cytec Industries (U.S.), SGL Carbon (Germany), Teijin Limited (Japan), and TenCate NV (The Netherlands).
This report classifies and defines the composite materials market size, in terms of volume and value. Market size, in terms of volume, is provided in thousand metric tons (tMT) from 2013 to 2020, whereas the market size, in terms of value, is provided USD Million.
Reasons to Buy the Report:
This report has focused on various levels of analysis; including industry analysis (industry trends, Porters Five Forces, and PEST analysis), value chain analysis, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the composite materials market, competitive landscape, drivers, restraints, opportunities, challenges, high-growth regions & countries, and government initiatives.
The report enables both, the new entrants/smaller firms as well as established firms to understand the market, which in turn helps them acquire a larger market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the market.
The report provides insights with reference to the following points:
ï® Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for automotive composite materials across regions
ï® Product Development/Innovation: Detailed insights of the R&D activities, upcoming technologies, and new product launches in the global automotive composite materials market
ï® Market Diversification: Detailed information about untapped markets, investments, new products, and recent developments in the global automotive composite materials market
ï® Competitive Assessment: In-depth assessment of strategies, products, manufacturing capabilities of leading players, in the global automotive composite materials market
”
“TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITIONS 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED IN THE REPORT 16
1.4 CURRENCY 17
1.5 PACKAGE SIZE 17
1.6 LIMITATION 17
1.7 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.2 SECONDARY DATA 20
2.2.1 KEY SECONDARY SOURCES 20
2.3 DATA FROM SECONDARY SOURCES 21
2.4 PRIMARY DATA 21
2.4.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 22
2.4.2 PRIMARY PARTICIPANTS 22
2.5 FACTOR ANALYSIS 23
2.5.1 INTRODUCTION 23
2.5.2 DEMAND SIDE ANALYSIS 23
2.5.2.1 Increase in the global population 23
2.5.2.2 Impact of GDP on total vehicle sales 24
2.5.2.3 Infrastructure: Roadways 25
2.5.2.4 Infrastructure: Rail network 27
2.5.3 SUPPLY SIDE ANALYSIS 27
2.5.3.1 Influence of safety regulations 27
2.6 MARKET SIZE ESTIMATION 28
2.7 DATA TRIANGULATION 30
2.8 ASSUMPTIONS 31
3 EXECUTIVE SUMMARY 32
4 PREMIUM INSIGHTS 38
4.1 PASSENGER CAR SEGMENT & POLYMER MATRIX COMPOSITE TO DOMINATE THE AUTOMOTIVE COMPOSITE MATERIAL MARKET 38
4.2 INDIA, MEXICO, & U.S. TO BE THE HIGHEST GROWING AUTOMOTIVE COMPOSITE MATERIALS MARKETS FROM 2015 TO 2020, BY VALUE 39
4.3 INTERIOR & STRUCTURAL SEGMENT TO DOMINATE THE AUTOMOTIVE COMPOSITE MATERIAL MARKET FOR PMC & MMC, 2015 40
4.4 CHASSIS SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR, 2015–2020 (USD MILLION) 41
4.5 TOP 4 COUNTRIES TO GENERATE THE LARGEST SHARE OF THE AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY VALUE, 2015 42
4.6 POLYMER MATRIX COMPOSITE MATERIALS MARKET: CFRP IS PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD, 2015 TO 2020 43
4.7 COMPOSITE MATERIALS MARKET: ASIA-OCEANIA TO LEAD THE MARKET FROM 2015 TO 2020, BY VALUE 44
4.8 LOCOMOTIVE & ROLLING STOCK COMPOSITE MATERIALS MARKET: NORTH AMERICA PROJECTED TO GROW AT THE HIGHEST CAGR, 2015–2020 (USD MILLION) 44
4.9 AUTOMOTIVE COMPOSITE MATERIALS: PRODUCT LIFE CYCLE 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 47
5.2 MARKET SEGMENTATION 47
5.2.1 BY MATERIAL TYPE 47
5.2.1 BY APPLICATION & COMPONENTS 48
5.2.2 BY LOCOMOTIVE & ROLLING STOCK 48
5.2.3 BY REGION 48
5.3 MARKET DYNAMICS 49
5.3.1 DRIVERS 49
5.3.1.1 Government regulations & mandates pertaining to fuel efficiency and emissions 49
5.3.1.2 Reduced delta factor (process time, cost, & quality) 51
5.3.2 RESTRAINTS 52
5.3.2.1 Technological constraints 52
5.3.2.2 High cost of composite materials 52
5.3.3 OPPORTUNITIES 52
5.3.3.1 Shifting focus towards electric vehicles 52
5.3.3.2 Emerging economies from Southeast Asia 53
5.3.4 CHALLENGE 54
5.3.4.1 Manufacturing of low-cost composite materials 54
5.3.4.2 Recyclability 54
5.4 BURNING ISSUES 54
5.4.1 PENETRATION OF COMPOSITE MATERIALS IN ENTRY-LEVEL PASSENGER CARS & COMMERCIAL VEHICLES 54
5.5 SUPPLY CHAIN ANALYSIS FOR AUTOMOTIVE COMPOSITE MATERIALS 55
5.6 AVERAGE (OE) SELLING PRICE (ASP) ANALYSIS 56
5.7 PORTER’S FIVE FORCES ANALYSIS 57
5.7.1 THREAT OF SUBSTITUTES 57
5.7.2 THREAT OF NEW ENTRANTS 58
5.7.3 BARGAINING POWER OF SUPPLIERS 58
5.7.4 BARGAINING POWER OF BUYERS 58
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 59
6 COMPOSITE MATERIALS, BY MANUFACTURING PROCESS 60
6.1 INTRODUCTION 60
6.2 MANUFACTURING PROCESSES 60
6.2.1 LAY-UP PROCESS 60
6.2.2 COMPRESSION MOLDING PROCESS 61
6.2.3 RESIN TRANSFER MOLDING (RTM) PROCESS 61
6.2.4 FILAMENT WINDING PROCESS 62
6.2.5 INJECTION MOLDING PROCESS 62
6.2.6 PULTRUSION PROCESS 62
6.2.7 VACUUM INFUSION 63
6.2.8 OTHER PROCESSES 63
7 COMPOSITE MATERIALS MARKET, BY MATERIAL TYPE 64
7.1 INTRODUCTION 65
7.2 POLYMER MATRIX COMPOSITES (PMC) 66
7.2.1 PMC MARKET BY MATERIAL TYPE & VEHICLE TYPE 67
7.2.1.1 Carbon Fiber Reinforced Polymer (CFRP)Market, By Vehicle Type 69
7.2.1.2 Glass Fiber Reinforced Polymer (GFRP) Market, By Vehicle Type 70
7.2.1.3 Natural Fiber Reinforced Polymer (NFRP) Market, By Vehicle Type 71
7.3 METAL MATRIX COMPOSITE (MMC) 72
7.3.1 MMC MARKET BY VEHICLE TYPE 72
7.4 CERAMIC MATRIX COMPOSITE (CMC) 73
7.4.1 CMC MARKET BY VEHICLE TYPE 74
8 COMPOSITE MATERIALS MARKET, BY APPLICATION 76
8.1 INTRODUCTION 77
8.1.1 MARKET FOR AUTOMOTIVE COMPOSITES, BY APPLICATION 78
8.2 STRUCTURAL 80
8.2.1 STRUCTURAL COMPOSITE MATERIALS MARKET, BY COMPONENTS & MATERIAL TYPE 81
8.3 POWERTRAIN 82
8.3.1 POWERTRAIN COMPOSITE MATERIALS MARKET, BY COMPONENTS & MATERIAL TYPE 83
8.4 INTERIOR 84
8.4.1 INTERIOR COMPOSITE MATERIALS MARKET, BY COMPONENTS & MATERIAL TYPE 85
8.5 EXTERIOR 86
8.5.1 EXTERIOR COMPOSITE MATERIALS MARKET, BY COMPONENTS & MATERIAL TYPE 87
8.6 OTHER APPLICATIONS 88
8.6.1 OTHER APPLICATIONS COMPOSITE MATERIALS MARKET, BY COMPONENTS & MATERIAL TYPE 89
9 ROLLING STOCK COMPOSITE MATERIALS MARKET, BY REGION 91
9.1 INTRODUCTION 92
9.2 ROLLING STOCK COMPOSITE MATERIALS MARKET, BY REGION 93
10 COMPOSITE MATERIALS MARKET, BY REGION 95
10.1 INTRODUCTION 96
10.2 MARKET ANALYSIS, BY REGION 98
10.2.1 NORTH AMERICA 98
10.2.1.1 PEST Analysis 101
10.2.1.1.1 Political factors 101
10.2.1.1.2 Economic factors 102
10.2.1.1.3 Social factors 102
10.2.1.1.4 Technological factors 102
10.2.1.2 U.S. 102
10.2.1.3 Canada 103
10.2.1.4 Mexico 104
10.2.2 EUROPE 105
10.2.2.1 PEST Analysis 107
10.2.2.1.1 Political Factors 107
10.2.2.1.2 Economic Factors 107
10.2.2.1.3 Social Factors 107
10.2.2.1.4 Technological Factors 107
10.2.2.2 U.K. 108
10.2.2.3 Germany 109
10.2.2.4 France 110
10.2.3 ASIA-OCEANIA 110
10.2.3.1 PEST Analysis 114
10.2.3.1.1 Political Factors 114
10.2.3.1.2 Economic Factors 114
10.2.3.1.3 Social Factors 114
10.2.3.1.4 Technological Factors 114
10.2.3.2 China 115
10.2.3.3 Japan 115
10.2.3.4 India 116
10.2.3.5 South Korea 117
10.2.4 REST OF THE WORLD (ROW) 118
10.2.4.1 PEST Analysis 119
10.2.4.1.1 Political Factors 119
10.2.4.1.2 Economic Factors 120
10.2.4.1.3 Social Factors 120
10.2.4.1.4 Technological Factors 120
10.2.4.2 Brazil 120
10.2.4.3 Russia 121
11 COMPETITIVE LANDSCAPE 123
11.1 OVERVIEW 123
11.2 COMPETITIVE SITUATION & TRENDS 125
11.3 BATTLE FOR MARKET SHARE: MERGER & ACQUISITIONS, JOINT VENTURES, COLLABORATIONS, & AGREEMENTS WAS THE KEY STRATEGY 126
11.4 MERGERS & ACQUISITIONS, AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, & JOINT VENTURES 126
11.5 EXPANSIONS 127
11.6 NEW PRODUCT LAUNCHES & DEVELOPMENTS 128
12 COMPANY PROFILES 129
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.1 INTRODUCTION 129
12.2 TORAY INDUSTRIES, INC. 130
12.3 CYTEC INDUSTRIES INC. 133
12.4 SGL CARBON SE 136
12.5 TEIJIN LTD. 139
12.6 KONINKLIJKE TEN CATE NV 142
12.7 JOHNS MANVILLE 146
12.8 MITSUBISHI RAYON CO. LTD. 148
12.9 OWENS CORNING 150
12.10 JOHNSON CONTROLS INC. 152
12.11 JUSHI GROUP CO. LTD. 154
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
13 APPENDIX 156
13.1 INSIGHTS OF INDUSTRY EXPERTS 156
13.2 OTHER DEVELOPMENTS 156
13.3 DISCUSSION GUIDE 161
13.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 164
13.5 AVAILABLE CUSTOMIZATIONS 165
13.5.1 AUTOMOTIVE COMPOSITE MATERIALS MARKET, BY ADVANCED COMPOSITE FIBER TYPE 165
13.5.2 AUTOMOTIVE COMPOSITE MATERIALS MARKET, BY OTHER COUNTRIES OF MAJOR REGIONS 165
13.5.3 LOCOMOTIVE & ROLLING STOCK COMPOSITE MATERIALS MARKET, BY MATERIAL 165
13.6 RELATED REPORTS 166
“
“LIST OF TABLES
TABLE 1 OVERVIEW OF FUEL ECONOMY REGULATION SPECIFICATIONS FOR
PASSENGER CARS 50
TABLE 2 ASP ANALYSIS OF COMPOSITE MATERIALS (USD/KG), 2014 56
TABLE 3 AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE,
2013-2020 (TMT) 66
TABLE 4 AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE,
2013–2020 (USD MILLION) 66
TABLE 5 PMC MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 68
TABLE 6 PMC MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 68
TABLE 7 PMC MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (TMT) 68
TABLE 8 PMC MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (USD MILLION) 69
TABLE 9 CFRP MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (TMT) 69
TABLE 10 CFRP MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (USD MILLION) 70
TABLE 11 GFRP MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (TMT) 70
TABLE 12 GFRP MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (USD MILLION) 71
TABLE 13 NFRP MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (TMT) 71
TABLE 14 NFRP MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (USD MILLION) 71
TABLE 15 MMC MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (TMT) 73
TABLE 16 MMC MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (USD MILLION) 73
TABLE 17 CMC MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (TMT) 74
TABLE 18 CMC MARKET SIZE, BY VEHICLE TYPE, 2013–2020 (USD MILLION) 75
TABLE 19 AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY APPLICATION,
2013–2020 (TMT) 78
TABLE 20 AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 79
TABLE 21 STRUCTURAL COMPOSITE MATERIALS MARKET SIZE, BY COMPONENTS & MATERIAL TYPE, 2013–2020 (TMT) 81
TABLE 22 STRUCTURAL COMPOSITE MATERIALS MARKET SIZE, BY COMPONENTS & MATERIAL TYPE, 2013–2020 (USD MILLION) 81
TABLE 23 POWERTRAIN COMPOSITE MATERIALS MARKET SIZE, BY COMPONENTS & MATERIAL TYPE, 2013–2020 (TMT) 83
TABLE 24 POWERTRAIN COMPOSITE MATERIALS MARKET SIZE, BY COMPONENTS & MATERIAL TYPE, 2013–2020 (USD MILLION) 84
TABLE 25 INTERIOR COMPOSITE MATERIALS MARKET SIZE, BY COMPONENT & MATERIAL TYPE, 2013–2020 (TMT) 85
TABLE 26 INTERIOR COMPOSITE MATERIALS MARKET SIZE, BY COMPONENTS & MATERIAL TYPE, 2013–2020 (USD MILLION) 86
TABLE 27 EXTERIOR COMPOSITE MATERIALS MARKET SIZE, BY COMPONENTS & MATERIAL TYPE, 2013–2020 (TMT) 87
TABLE 28 EXTERIOR COMPOSITE MATERIALS MARKET SIZE, BY COMPONENTS & MATERIAL TYPE, 2013–2020 (USD MILLION) 88
TABLE 29 OTHER APPLICATIONS COMPOSITE MATERIALS MARKET SIZE, BY COMPONENTS
& MATERIAL TYPE, 2013–2020 (TMT) 89
TABLE 30 OTHER APPLICATIONS COMPOSITE MATERIALS MARKET SIZE, BY COMPONENTS
& MATERIAL TYPE, 2013–2020 (USD MILLION) 90
TABLE 31 ROLLING STOCK COMPOSITE MATERIALS MARKET SIZE, BY REGION,
2013–2020 (TMT) 93
TABLE 32 ROLLING STOCK COMPOSITE MATERIALS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 94
TABLE 33 AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY REGION, 2013–2020 (TMT) 97
TABLE 34 AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 98
TABLE 35 NORTH AMERICA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY COUNTRY, 2013–2020 (TMT) 101
TABLE 36 NORTH AMERICA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 101
TABLE 37 U.S.: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 102
TABLE 38 U.S.: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 103
TABLE 39 CANADA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 103
TABLE 40 CANADA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 104
TABLE 41 MEXICO: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 104
TABLE 42 MEXICO: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 104
TABLE 43 EUROPE: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY COUNTRY,
2013–2020 (TMT) 106
TABLE 44 EUROPE: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 106
TABLE 45 U.K.: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 108
TABLE 46 U.K.: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 108
TABLE 47 GERMANY: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 109
TABLE 48 GERMANY: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 109
TABLE 49 FRANCE: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 110
TABLE 50 FRANCE: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 110
TABLE 51 ASIA-OCEANIA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY COUNTRY, 2013–2020, (TMT) 113
TABLE 52 ASIA-OCEANIA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 113
TABLE 53 CHINA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 115
TABLE 54 CHINA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 115
TABLE 55 JAPAN: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 115
TABLE 56 JAPAN: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 116
TABLE 57 INDIA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 116
TABLE 58 INDIA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 117
TABLE 59 SOUTH KOREA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 117
TABLE 60 SOUTH KOREA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 118
TABLE 61 ROW: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY COUNTRY,
2013–2020 (TMT) 119
TABLE 62 ROW: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 119
TABLE 63 BRAZIL: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 120
TABLE 64 BRAZIL: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 121
TABLE 65 RUSSIA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (TMT) 121
TABLE 66 RUSSIA: AUTOMOTIVE COMPOSITE MATERIALS MARKET SIZE, BY MATERIAL TYPE, 2013–2020 (USD MILLION) 122
TABLE 67 MERGERS & ACQUISITIONS, AGREEMENTS, PARTNERSHIPS, COLLABORATIONS,
& JOINT VENTURES, 2014–2015 126
TABLE 68 EXPANSIONS, 2015 127
TABLE 69 NEW PRODUCT LAUNCHES & DEVELOPMENTS, 2015 128
“
“LIST OF FIGURES
FIGURE 1 COMPOSITE MATERIALS MARKET: MARKETS COVERED 16
FIGURE 2 RESEARCH DESIGN 18
FIGURE 3 RESEARCH METHODOLOGY MODEL 19
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,
& REGION 22
FIGURE 5 SIGNIFICANT GROWTH IN GLOBAL POPULATION (MILLION), 2004–2014 24
FIGURE 6 GROSS DOMESTIC PRODUCT VS. TOTAL VEHICLE SALES 25
FIGURE 7 ROADWAYS INFRASTRUCTURE: ROAD NETWORK (KM), BY COUNTRY, 2011 26
FIGURE 8 RAIL NETWORK, 2012 27
FIGURE 9 ECONOMIC FACTORS 28
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 29
FIGURE 11 AUTOMOTIVE COMPOSITE MATERIALS MARKET OPPORTUNITIES 32
FIGURE 12 ASIA-OCEANIA PROJECTED TO BE THE LARGEST MARKET FOR AUTOMOTIVE COMPOSITE MATERIALS, 2015–2020 (USD BILLION) 33
FIGURE 13 U.S.: THE LARGEST MARKET FOR AUTOMOTIVE COMPOSITE MATERIALS FROM
2015 TO 2020 34
FIGURE 14 PASSENGER CAR SEGMENT ESTIMATED TO BE THE LARGEST MARKET FOR PMC, 2015 (USD BILLION) 35
FIGURE 15 STRUCTURAL SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR FROM
2015 TO 2020 (USD BILLION) 36
FIGURE 16 LOCOMOTIVE & ROLLING STOCK COMPOSITE MATERIALS MARKET: ASIA-OCEANIA PROJECTED TO BE THE LARGEST MARKET FROM 2015 TO 2020 (USD MILLION) 37
FIGURE 17 AUTOMOTIVE COMPOSITE MATERIAL MARKET, BY MATERIAL TYPE 47
FIGURE 18 MARKET SEGMENTATION, BY APPLICATION & COMPONENTS 48
FIGURE 19 MARKET SEGMENTATION, BY REGION 48
FIGURE 20 COMPOSITE MATERIALS MARKET DYNAMICS 49
FIGURE 21 KEY COUNTRIES: IMPACT OF REGULATIONS ON THE COMPOSITE MATERIALS MARKET 51
FIGURE 22 ELECTRIC VEHICLE (EV) SALES, BY REGION, 2012–2014 (‘000 UNITS) 53
FIGURE 23 AUTOMOTIVE COMPOSITE MATERIALS: SUPPLY CHAIN ANALYSIS 55
FIGURE 24 AUTOMOTIVE COMPOSITE MATERIALS MARKET: PORTER’S FIVE FORCES ANALYSIS 57
FIGURE 25 MMC TO BE THE HIGHEST GROWING MARKET DURING THE FORECAST
PERIOD (USD MILLION) 65
FIGURE 26 GFRP TO HOLD THE LARGEST MARKET FOR AUTOMOTIVE COMPOSITE MATERIALS IN 2015, (USD MILLION) 67
FIGURE 27 PASSENGER CARS DOMINATING THE MMC MARKET WITH MAXIMUM MARKET SHARE IN 2015, (USD MILLION) 72
FIGURE 28 LCV VEHICLE SEGMENT IS PROJECTED TO GROW AT A HIGHEST CAGR FROM
2015 TO 2020 (USD MILLION) 74
FIGURE 29 WEIGHING FACTOR FOR DIFFERENT MATERIALS 77
FIGURE 30 STRUCTURAL APPLICATION IS ESTIMATED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD (USD MILLION) 78
FIGURE 31 MMC TO HOLD THE MAJOR MARKET IN THE STRUCTURAL APPLICATION,
2015 (USD MILLION) 80
FIGURE 32 CMC IS PROJECTED TO GROW AT THE FASTEST CAGR DURING THE FORECAST PERIOD 82
FIGURE 33 PMC ARE ESTIMATED TO LEAD THE INTERIOR COMPOSITE MATERIALS MARKET DURING THE FORECAST PERIOD 85
FIGURE 34 MMC ARE SET TO GROW AT A RAPID RATE IN THE EXTERIOR APPLICATION DURING THE FORECAST PERIOD 87
FIGURE 35 PMC HOLD THE LARGEST MARKET SHARE, IN TERMS OF VALUE, IN THE OTHER APPLICATION SEGMENT DURING THE FORECAST PERIOD 89
FIGURE 36 CHANGE IN NATIONAL NOX AND PM-10 EMISSIONS FOR BASELINE, BY MODE 92
FIGURE 37 NORTH AMERICA ESTIMATED TO GROW AT THE HIGHEST CAGR DURING
THE FORECAST PERIOD (USD MILLION) 93
FIGURE 38 AUTOMOTIVE COMPOSITE MATERIALS MARKET SNAPSHOT, BY COUNTRY,
2015, (USD MILLION) 97
FIGURE 39 NORTH AMERICA: FASTEST-GROWING AUTOMOTIVE COMPOSITE MATERIALS MARKET 100
FIGURE 40 ASIA-OCEANIA: LARGEST MARKET FOR AUTOMOTIVE COMPOSITE MATERIALS 112
FIGURE 41 COMPANIES ADOPTED REGIONAL EXPANSION AS THE KEY GROWTH STRATEGY, 2012–2015 123
FIGURE 42 TORAY INDUSTRIES GREW AT THE HIGHEST RATE FROM 2010 TO 2014 124
FIGURE 43 REGIONAL EXPANSION IS THE KEY STRATEGY ADOPTED BY MARKET PLAYERS 125
FIGURE 44 REGION-WISE REVENUE MIX OF FIVE MAJOR PLAYERS 129
FIGURE 45 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 130
FIGURE 46 TORAY INDUSTRIES INC.: SWOT ANALYSIS 132
FIGURE 47 CYTEC INDUSTRIES INC.: COMPANY SNAPSHOT 133
FIGURE 48 CYTEC INDUSTRIES INC.: SWOT ANALYSIS 135
FIGURE 49 SGL CARBON SE: COMPANY SNAPSHOT 136
FIGURE 50 SGL CARBON SE: SWOT ANALYSIS 138
FIGURE 51 TEIJIN LTD.: COMPANY SNAPSHOT 139
FIGURE 52 TEIJIN LTD.: SWOT ANALYSIS 141
FIGURE 53 KONINKLIJKE TEN CATE NV: COMPANY SNAPSHOT 142
FIGURE 54 KONINKLIJKE TEN CATE NV: SWOT ANALYSIS 144
FIGURE 55 JOHNS MANVILLE: COMPANY SNAPSHOT 146
FIGURE 56 MITSUBISHI RAYON CO. LTD.: COMPANY SNAPSHOT 148
FIGURE 57 OWENS CORNING.: COMPANY SNAPSHOT 150
FIGURE 58 JOHNSON CONTROLS INC.: COMPANY SNAPSHOT 152
“
