Europe Automotive Thermoplastic Polymer Composites Market - Growth Trends and Forecasts (2020 - 2025)

The Europe Automotive Thermoplastic Polymer Composite Market is segmented by Production Type (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), By Application Type (Structural Assembly, Power Train Components, Interior, Exterior, and Others) and By Country

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

CAGR:

6 %

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Market Overview

The Europe automotive thermoplastic polymer composite market is expected to grow at a CAGR of over 6% during the forecasted period (2020 - 2025)

  • There has been rising interest by OEMs toward thermoplastic polymer composites since the past few years, owing to several advantages of these materials, including high volume processability, recyclability, superior damage tolerance, and fracture toughness, and ability to produce complex shapes.
  • These composites found applications in different modes of transportation, from cars to underground trains. Among thermoplastic composites, long-fiber thermoplastics (LFTs) are being extensively used in the transportation sector.
  • The automotive industry was impacted due to high fuel prices. Furthermore, in the transportation industry, vehicle OEMs and suppliers use thermoplastic composites to reduce vehicle mass. Due to stringent emission regulations, automotive manufacturers are focusing on reducing the weight of vehicle, as it helps in saving a noticeable amount of carbon dioxide emissions. A 10-kilogram weight reduction is estimated to reduce 1 gram of carbon dioxide per kilometer.

Scope of the report

The Europe automotive thermoplastic polymer composite market report covers the latest trends and technological developments in the market, demand by production type, application, geography and share of major players across the European region.

Production Type
Hand Layup
Resin Transfer Molding
Vaccum Infusion Processing
Compression Molding
Injection Molding
Application Type
Structural Assembly
Power Train Components
Interior
Exterior
Others
Geography
Germay
France
United Kingdom
Italy
Rest of Europe

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Key Market Trends

Glass Mat Thermoplastic (GMT) is Expected to Grow with a Fast Pace

Glass mat thermoplastic sheets was introduced almost five decade ago. Considering the cost-related mechanical performance criteria, GMT composites are located between injection moldable, discontinues (long or short) glass-fiber-reinforced composites and advanced thermoplastic with various fiber architecture.

They offer various benefits, such as Design freedom that is production of complex parts by integrating several functions elements, low density, easy recycling, high innovation potential, in terms of production and ecological demands and high productivity. Although GMTs are available in various polymer matrices is dominated by propylene-based composites, due to their low price. These are well capable of competing with other structure materials, primarily in conditions where temperature lesser than 110°C are maintained. Glass mat thermoplastic composites are witnessing demand from the composite market. They are easy to use, with superior mechanical performance. Mercedes-Benz selected two grades of glass mat-reinforced thermoplastic material, which are supplied by the Swiss material producer, Quadrant Plastic Composites. These materials are used for manufacturing the innovative front-end module, which was designed for its S-class series luxury coupe. The new front-end module weighs only 3.4 kg, while the previous model used to weigh 5 kg.

Innovations and greater market penetration are expected to drive the demand for glass mat thermoplastic composites during the forecast period.

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Transportation Sector to Drive the Market

The Corporate Average Fuel Economy (CAFÉ) standard forced manufacturers in the automobile industry to develop vehicle designs that incorporated high-performance light-weight materials. The weight of an automobile has a direct impact on driving dynamics, fuel consumption, and agility. A 10% reduction in vehicle weights results in approximately 5-7% rise in fuel savings. From 2020, the European Union will require every European vehicle manufacturer to achieve an emission level of 95g of carbon dioxide per km, from present-day emission level of 130g of carbon dioxide per km. The rising focus on minimizing carbon emission and enhancement of fuel economy, primarily by reducing the weight of a vehicle, are driving the demand for thermoplastics composites.

Continuous fiber-reinforced thermoplastic composites (CFRTP) is one of the primary materials that can address the rising concerns regarding a vehicle’s weight. In combination with metals, CFRTP composites will be a part of a multi-material approach when designing the car of the future.

The automotive industry is undergoing a major transformation. As companies explore various options to address the future needs, collaboration has proven to be an effective way to discover the new growth avenues, will leveraging risk. The preferred approach is collaboration with strategic players throughout the value chain.

  • For instance, DuPont Transportation and Advanced Polymers choose to advance through collaborative networks, while actively participating in consortia, including IACMI (Institute for Advanced Composites Manufacturing Innovation) and AZL (Aachen Centre for Integrative Lightweight Production), where standardization is addressed, along with collaborative teams that are focusing on demonstrating the production methods of cost-effective CFRTP composites, especially for high-volume applications

In 2019, SABIC announced a new, cutting-edge technology for producing lightweight, cost-effective, and recyclable vehicle panels, primarily by using its UDMAX tape, a unidirectional, fiber-reinforced thermoplastic composite, at JEC World 2019. This innovative technology, which has designed to replace traditional panels made of metal and thermoset material for interior and exterior automotive applications, will soon be commercialized in the bulkhead of a light commercial vehicle (LCV), globally.

In the case of bulkhead, replacing a traditional metal component with the UDMAX tape lamination reduces the mass by 35% in the application. Lower weight can also make large bulkhead easier to handle, which could help in accelerating the assembly process of vehicles.

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Competitive Landscape

The European automotive thermoplastic polymer market is consolidated. Some of the major players in the market are Braj Binani Group, Base Group, BASF, BMW, Cytec Industries, Inc., amongst others. In 2012 Feb, Braj Binani Group acquired 3B-fibreglass company for 275 million Euros. In the same year, Cytec Industries acquired Umeco for USD 439,000,000. On January 31, 2020, BASF closed the acquisition of Solvay’s polyamide for 1.3 billion Euros.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters 5 Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Production Type

      1. 5.1.1 Hand Layup

      2. 5.1.2 Resin Transfer Molding

      3. 5.1.3 Vaccum Infusion Processing

      4. 5.1.4 Compression Molding

      5. 5.1.5 Injection Molding

    2. 5.2 Application Type

      1. 5.2.1 Structural Assembly

      2. 5.2.2 Power Train Components

      3. 5.2.3 Interior

      4. 5.2.4 Exterior

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Germay

      2. 5.3.2 France

      3. 5.3.3 United Kingdom

      4. 5.3.4 Italy

      5. 5.3.5 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 3B-Fibreglass

      2. 6.2.2 Cytec Industries Inc

      3. 6.2.3 Arkema Group

      4. 6.2.4 Celanese Corporation

      5. 6.2.5 Base Binani Group

      6. 6.2.6 Daicel Polymer Ltd

      7. 6.2.7 Dupont De Nemours

      8. 6.2.8 Hexcel Corporation

      9. 6.2.9 Technocompound GmbH

      10. 6.2.10 Polyone Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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