- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Composites are really being examined for use in the production of lighter, sturdier, and so more fuel-efficient cars. The composites is made characterized by a high fiber (such as carbon or glass) and a matrix substance (epoxy polymers) that, if joined, gives superior qualities to the chemical compositions.
Composite materials are around one-fifth the weight of steel, but it has the same or superior strength and rigidity. They for one do not tarnish as well as deteriorate like steel or iron, but they have the potential to boost vehicle fuel efficiency by as much about 62 percentage by lowering weight of vehicles.
Nevertheless, the usage of these composites in the automobile industry has already been extremely restricted, owing in terms of the high prices of the ingredients and manufacture. These achieve high strength-to-weight and structural rigidity ratios from lightweight materials, along with outstanding energy-absorbing capabilities per kilogram. Steel is a solid and affordable content, and it is therefore the preferred material nowadays.
Composites, on the other hand, may be constructed to be both strong and light in order to improve protection and fuel economy. Whenever stiffness and strength have been taken into account, nanocomposite are now employed in aircraft applications, which further demand a material that is exceptionally light.
In addition, multiple-layer composites may be constructed to absorb more energy in an accident than single-layered steel in automobiles.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Teijin Automotive Technologies expands composites footprint in China to meet growing demand for EVs | Construction and commercial operations of two new composites manufacturing facilities in Changzhou and Shenyang to support automotive customers globally, with targeted annual sales of $2.0 billion by 2030. | Global Scale | This would enhance better Technologies and production |
At the moment, polymer nanocomposites like as thermoplastic materials and strengthened fiberglass have piqued the interest of automakers, which are focusing on finding better, stronger, and lightweight elements to construct automotive units.
Increased demand for aluminum alloys from of the automobile industry, as well as an emphasis placed on fuel efficiency, are projected to be important market contributors. Furthermore, the rising price of fiber reinforced composites as well as glass fiber composites is impeding market expansion.
The use of such composites in low-cost automobiles might significantly raise their pricing. Composite' limited recycling process is also a barrier to their use in admittance passenger cars.
Collaborations between Original equipment manufacturers ( OEM, on the other hand (due to increased demand for fuel-efficient cars, developing lightweight electric vehicles ( EV category)and big vehicle giants including BMW as well as Nissan attempting to replace their present metal parts with composite fibers) signify the market's breadth and brisk possibility.
The automobile industry has prioritized weight of the car since it has a significant influence on cornering speeds and energy consumption. While governments all over the world adopt stricter emission rules and aim to establish even higher emissions requirements in the future years, the relevance of aluminum alloys is anticipated to grow.
Its use of pricey composite materials in automobiles has already been constrained thus far due to the expense of prospective lightest technologies with customers' restricted willing to pay for reduced weight.
The Global Automotive Composites Market can be segmented into following categories for further analysis.
By Application
By Product Type
By Capacity Type
By Operational Focus Type
By Architecture Type
By Regional Classification
Composite materials generally made up of two or more materials that have diverse physiochemical properties. Because the various ingredients are unique inside the completed composite's framework, compounds are not categorized as mixes or mixtures.
Composites typically display features that are not possible to obtain from the individual components alone. Architected composite materials are defined depending on their matrix material, which includes configurations, metal-, and ceramic-matrix polymer blends.
Polymeric materials are perhaps the most common among these trio due to their smaller price and (relatively) easy manufacture. Composites, which are lighter and more flexible in terms of body panel form than metals, can assist to minimize all three.
Polymeric materials incorporate reinforcement materials, often fibers, inside a polymer matrices; these would be frequently referred to as fiber-reinforced compounds. Synthetic materials, also including carbon and aramid fibers, are commonly used in traditional fiber-reinforced composites.
The polymer matrix is typically composed of a thermoplastic polymer, such as urethane or polyvinyl acetate, that solidifies irreversibly following heat or chemical curing.
Polymer matrix composites having long considered advertised as an alternative for bulkier metallic components in the automobile industry, offering weight savings while retaining other desirable features such as tensile characteristics.
Carbon - fiber - reinforced polymer (CFRP), sometimes commonly abbreviated as "carbon fiber," has been the most widely utilized and quite well composites for this kind of purposes. It is most typically employed in high-performance racing vehicles in the automobile industry.
Teijin Limited has completed its acquisition of Jet Investment's Benet Automotive s.r.o. (Benet), a prominent automotive composite and component supplier in the Czech Republic. Teijin will benefit from Benet's automotive composite technology and proven supply track record, which will serve as a solid platform for Teijin's solution development skills as a component supply partner to car OEM customers in Europe.
Teijin will leverage Benet's involvement in existing development projects with outstanding material and moulding technologies and technical team members of Teijin, Continental Structural Plastics, a world leader in automotive composites based in North America, which Teijin acquired as part of its multi-material strategy to offer innovative automotive composite solutions that meet customers' future needs for lightness, toughness, design flexibility, productivity, and cost-efficiency, as part of its multi-material strategy to offer innovative automotive composite solutions that meet customers' future needs. Teijin is focusing on the automotive composites market.
Teijin is a technology-driven worldwide company that provides cutting-edge solutions in the areas of environmental value, safety, security, and catastrophe mitigation, as well as demographic shift and greater health awareness. High-performance fibres such as aramid, carbon fibres & composites, healthcare, films, resin & plastic processing, polyester fibres, products converting, and IT are the company's main areas of operation.
Teijin Limited's holding business in Europe, Teijin Holdings Netherlands B.V., has purchased Inapal Plásticos SA (Inapal), a major automotive composite supplier in Portugal. Inapal is a Tier One provider of composite parts to the automotive and heavy truck industries, with its headquarters in Leca do Balio, Porto, Portugal.
Class A body panels, structural, and underbody components can be made by the company using a range of materials and techniques, including as pre-preg compression moulding (PCM), direct long fibre thermoplastic (D-LFT), and glass mat thermoplastic (GMT).
The business serves a variety of European OEM clients, including Jaguar, Land Rover, BMW, Mercedes, Volkswagen, and Bentley, from its two manufacturing facilities in Portugal.
Inapal provides parts to the heating and cooling industry as well as the heavy truck and bus industries, in addition to the automotive and heavy truck sectors.
With the acquisition of Continental Structural Plastics [CSP], a [US-based] company, the company gained a Tier One supplier position in the worldwide automotive market for high-performance composites.
The acquisition of Inapal strengthens CSP's position as a pioneering company in the world of lightweight composites. Teijin anticipates revenue from its automotive composite business.
The company has now built commercial relationships with every significant global automobile OEM and is able to serve customers in the majority of the world's major areas, including North America, Europe, and Asia.
AUTOMOTIVE COMPOSITES MARKETCOMPETITIVE LANDSCAPE
Moving forward from thermoset-based composites, thermoplastic-based composites are currently being developed to provide various benefits to the automobile sector, including lower material wastage, zero greenhouse gas emissions, fewer painting procedures, safer working conditions, and improved renewability.
Aside from these obvious advantages, the global automotive nanocomposite industry has increased pace as a result of government mandates to create lightweight components and constant R&D efforts to develop better combinations. On the other hand, high manufacturing costs and a level of technology developments in Asia Pacific's most profitable area
AMRC is focusing on production and elemental requirements of better and efficient electronic based differential systems within the market. The LiMeCH research, directed by the AMRC, Tinsley Bridge, and Precision Designed Technologies, created prototypes of filament-wound CFRP-metallic roll bars, as well as advancements in joint bonding the hybrid materials.
The Lightweight Metallic Composite Hybridization (LiMeCH) project, financed by Innovate UK, began with the goal of developing a lighter replacement to the tubular steel bar now used in car rear suspension. This same AMRC Composites Laboratory collaborated with Sheffield-based constructor Tinsley Bridge (UK) and Rotherham-based Performance Engineered Solutions (PES) (U.K.). Tinsley Bridge has involved in completing only with AMRC to design a composite material roll bar made of metallic as well as carbon dispersion plastic (CFRP).
Solvay is growing towards more inclined development with newer and better optimisation requirements in terms of incorporated technology integrations. The Solvay is a pioneer in the use of composite materials in serial automotive for mechanical and superstructure requirements, with distinctive material concepts aimed at lowering Investment Cost.
This Solvalite 760 is capable of and has the computing capability to Flat pellets can really be compressed to manufacture parts in the same way that metal templates can (allowing any use of existing capital investments). Filament winding has been found as a low-cost method for producing a flat, multi-ply, fiber reinforced blanks. The process makes use of low-cost raw coated carbon fiber and resin.
AUTOMOTIVE COMPOSITES MARKETCOMPANIES PROFILED
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in theIndustry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2024 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2024 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.