Europe Automotive Composites Market 2024-2030

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    EUROPE AUTOMOTIVE COMPOSITES MARKET

     

    INTRODUCTION TO EUROPE AUTOMOTIVE COMPOSITES MARKET

     

    Composites in the automotive industry are made up of two or more materials that have differing qualities. Because the constituent elements in an automobile composite are unique and do not combine, they are not considered mixes or solutions.

     

    The attributes of a composite comprised of two components are commonly better compared to the independent materials’ characteristics.

     

    The car industry employs polymeric materials, whose offer weight savings while retaining other desirable characteristics like as structural rigidity.

     

    Polymeric materials frequently use non – renewable sources such as petroleum and require a lot of energy to manufacture.

     

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    EUROPE AUTOMOTIVE COMPOSITES MARKET DEVELOPMENTS AND INNOVATIONS

     

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Kordsa expands to European market with new composite technologies investment Microtex Composites Srl is acquired by Kordsa, adding super-luxury automobile and racing to its portfolio. Europe This would enhance better Technological Controls
    2 Tenneco introduces advanced hybrid friction material composites for OE customers To address evolving powertrain needs, an innovative composite material combines braking performance and comfort into a single idea. Europe This would enhance better Technological Controls
    3 Teijin to acquire Benet Automotive to expand European automotive business Teijin Limited has agreed to buy Benet Automotive s.r.o. (Benet), a major Czech automotive composite and component provider. Europe This would enhance better Technological Controls
    4 EU Companies Collaborate to Bring Next-Gen Composites to E-Mobility Sector The commercial development of medium-volume niche applications based on advanced composites will be the focus of German consultancy AMAC and Holland’s PontisEngineering. Europe This would enhance better Technological Controls
    5 Teijin Automotive Technologies Expanding Composites Footprintin China to Meet Growing Demand for EVs Teijin Automotive Technologies is aggressively expanding its position as a global leader in automotive composite applications with the start-up of the second plant and the development of the third facility. Europe This would enhance better Technological Controls

     

    EUROPE AUTOMOTIVE COMPOSITES MARKET RECENT ACQUISITION

     

    Teijin Ltd., a Tokyo-based chemical corporation, is buying Inapal Plasticos SA, a Portuguese automotive composite supplier, following other recent automotive-related acquisitions.

     

    Teijin Holdings Netherlands B.V., the Teijin Group’s holding company in the Netherlands, will purchase Inapal’s shares.

     

    The deal’s details have not been revealed. Inapal is a Tier One provider of composite components to the automotive and heavy truck industries, with headquarters in Leca do Balio, Porto, Portugal.

     

    Class A body panels, structural, and underbody components are among the company’s capabilities, which include sheet moulding compound (SMC), carbon fibre SMC, pre-preg compression moulding (PCM), direct long fibre thermoplastic (D-LFT), and glass mat thermoplastic (GMT).

     

    Jaguar, Land Rover, BMW, Mercedes, Volkswagen, and Bentley are among the European OEM clients served by the company’s two manufacturing centres in Portugal.

     

    Inapal also offers components to the heating and cooling industry, as well as passenger seating components to the bus and rail industries, in addition to its automotive and heavy truck operations.

     

    We became a Tier One provider of high-performance composites to the worldwide automotive sector after acquiring Continental Structural Plastics in Michigan.

     

    Now that we’ve acquired Inapal, we’ll be able to keep our commitment to stakeholders and grow our technology globally, particularly in Europe.

     

    EUROPE AUTOMOTIVE COMPOSITES  MARKET DYNAMICS

     

    New Epoxy Resin System for SMC Manufacturing of Automotive Composites Introduced by Hexion Inc. 

     

    The new product, EPIKOTE TM Resin TRAC 06605/EPIKURETM Curing Agent TRAC 06608, can be utilised to create lightweight semi-structural and structural automotive composite parts, including floors, electrical vehicle battery enclosures, spare wheel tubs, seat structures, hood inners, and more.

     

    When coupled with glass and carbon fibres, Hexion’s SMC epoxy system produces parts with superior mechanical qualities to those created with conventional unsaturated polyester (UP) or vinyl ester (VE) SMC resin systems.

     

    According to VDA 278 Hexion’s epoxy SMC system produces much fewer volatile organic compounds (VOCs) than either standard or low VOC vinyl esters, with emissions considerably below global exposure guidelines.

     

    Organic emissions for moulded compounds in automobiles are governed by the VDA 278 recommendation. To meet with European working standards, there is no need to monitor worker styrene exposure because Hexion’s epoxy SMC system is styrene-free.

     

    Additional capital investment is frequently not necessary because the new epoxy system is compatible with tools used for other types of SMC (UP and VE).

     

    “This new specialty epoxy product line will help their customers manufacture high performance composite parts via high-volume SMC production with reduced scrap and relatively low labour costs.

     

    It completes the whole range of compression moulding products, which also includes resin transfer moulding (RTM), liquid compression moulding (LCM), and prepreg moulding.

     

    The manufacture of more automobiles and the rising demand for lightweight materials to increase fuel efficiency and cut greenhouse gas emissions are the main development drivers for this industry.

     

    New regulations established by the European Union mandate that light commercial vehicles must achieve CO2 emissions targets of 147 g/km, or 43.3 mpg, for light trucks, and 95 g/km for passenger cars.

     

    Incorporating lightweight materials, such as composites, is greatly aided by the European Commission’s plan to raise the region’s fuel economy regulations.

     

    The market penetration of thermoplastic and carbon composites is rising, and these new trends have a direct impact on the dynamics of the sector.

     

    The most significant resin type categories in the European automotive composites market include polypropylene (PP) composites, polybutylene terephthalate (PBT) composites, polyamide (PA) composites, vinyl ester composites, polyester composites, phenolic composites, and others.

     

    By value and volume of consumption, PP composites are anticipated to maintain their dominance.

     

    The attributes that drive the demand for PA composites in the automotive industry include high resistance to abrasion, low friction properties, electrical resistance, heat resistance, and superior chemical resistance. G

     

    lass fibre composites are anticipated to continue to be the most popular type of fibre in composites; however, carbon fibre composites are anticipated to expand at the fastest rate during the anticipated time frame.

     

    EUROPE AUTOMOTIVE COMPOSITES MARKET COMPETITIVE LANDSCAPE

     

    Polymer nanocomposites, like as thermoplastic polymers and strengthened glass, have gained importance in recent years of automakers, prompting them to seek out better, stronger, and lightweight elements for the production of vehicle units.

     

    The market is likely to be driven by factors such as rising demand for lightweight materials from the automobile sector and a growing focus on fuel efficiency.

     

    The high cost of carbon fiber composites and glass fiber combinations, on the other hand, is impeding market expansion. The use of such composites in low-cost automobiles might dramatically raise their pricing.

     

    Toray Industries Inc. is a prominent developer of the latest integrated technologies focusing on better smarter composites focused on spectrum of automotive improvisation integration for the future.

     

    The Thermoplastic elastomers solutions provide high-performance automotive applications in a variety of forms to fit your design demands and processing possibilities.

     

    Toray Amber Tool epoxy manufacturing prepregs are indeed the mainstream technology, with an unparalleled reputation for dependability and a superb aesthetic surface finish.

     

    Exel Composites provides technical breakthroughs that allow diagnostic of unwanted accidental instances wherein the technology of Drying formworks may be made using the HiTape in a completely automated lay-up, analogous towards the AFP and ATL techniques often used for UD prepregs.

     

    HiTapenarrow  breadth accuracy offers it complete control over the automated dry prototype process – and that’s a waste-free procedure, even for complicated constructions, because the components are precisely positioned where they’re needed.

     

    It has a very high Compression After Impact (CAI) efficiency, which is a true advance in unidirectional graphene reinforcing infusion methods.

     

    COMPANIES PROFILED

    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, 2023
    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, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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