Automotive Thermoplastic Resin Composites Market Report Reveals the Latest Trends And Growth Opportunities of this Market

The "Automotive Thermoplastic Resin Composites Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Automotive Thermoplastic Resin Composites market is expected to grow annually by 5% (CAGR 2024 - 2031).

This entire report is of 114 pages.

Automotive Thermoplastic Resin Composites Introduction and its Market Analysis

The Automotive Thermoplastic Resin Composites market research reports provide an in-depth analysis of the market conditions, focusing on the increasing demand for lightweight and fuel-efficient vehicles. Automotive Thermoplastic Resin Composites are materials that offer high strength-to-weight ratio, corrosion resistance, and design flexibility for automotive applications. Major factors driving revenue growth in this market include the growing need for sustainable and eco-friendly materials, advancements in technology, and increasing production of electric vehicles. Key players in the market include ACP Composites, Hexcel, Johns Manville, DowDuPont, Owens Corning, Revchem Composites, and SGL. The report's main findings highlight the market's strong growth potential and recommend strategic partnerships and investments in research and development to capitalize on emerging opportunities.

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The Automotive Thermoplastic Resin Composites market is rapidly growing, with various types such as Glass Mat Thermoplastic (GMT), Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), and Others. These materials are widely used in applications such as Interior, Exterior, Under body systems, Chassis System, Power train system/engine components, Electrical and Electronics, and Others.

Regulatory and legal factors play a crucial role in the market conditions of Automotive Thermoplastic Resin Composites. Companies in this sector must adhere to strict regulations regarding safety, emissions, and recycling. There is also an increasing focus on sustainability and environmental impact, driving the demand for more eco-friendly materials in the automotive industry.

To stay competitive in the market, companies need to stay informed on the latest regulatory changes and legal requirements. By investing in research and development for innovative and compliant materials, companies can capitalize on the growing demand for Automotive Thermoplastic Resin Composites.

Top Featured Companies Dominating the Global Automotive Thermoplastic Resin Composites Market

The automotive thermoplastic resin composites market is highly competitive, with key players such as ACP Composites, Hexcel, Johns Manville, DowDuPont, Owens Corning, Revchem Composites, and SGL. These companies offer a wide range of thermoplastic resin composites that are used in various automotive applications, including interior panels, exterior panels, and structural components.

ACP Composites is known for its high-performance thermoplastic composites that are lightweight and offer excellent durability and strength. Hexcel specializes in advanced composites technology and provides thermoplastic resin composites for aerospace and automotive industries. Johns Manville offers a variety of resin systems for automotive applications, while DowDuPont is a leader in the development of innovative composite materials.

Owens Corning is a major player in the automotive composites market, offering a range of thermoplastic composites for lightweighting and structural applications. Revchem Composites specializes in providing customized composite solutions for automotive manufacturers, while SGL is known for its high-quality carbon fiber composites.

These companies help to grow the automotive thermoplastic resin composites market by investing in research and development to create new and improved materials, collaborating with automakers to develop customized solutions, and expanding their global presence through strategic partnerships and acquisitions. The sales revenues of these companies vary, with Owens Corning reporting $ billion in revenue in 2020, Hexcel reporting $1.71 billion in revenue in the same year, and DowDuPont reporting $80.42 billion in revenue in 2019 before splitting into separate entities. These companies play a crucial role in driving innovation and growth in the automotive thermoplastic resin composites market.

• ACP Composites
• Hexcel
• Johns Manville
• DowDuPont
• Owens Corning
• Revchem Composites
• SGL

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Automotive Thermoplastic Resin Composites Market Analysis, by Type:

• Glass Mat Thermoplastic (GMT)
• Short Fiber Thermoplastic (SFT)
• Long Fiber Thermoplastic (LFT)
• Continuous Fiber Thermoplastic (CFT)
• Others

Glass Mat Thermoplastic (GMT) provides excellent impact resistance and stiffness. Short Fiber Thermoplastic (SFT) offers good strength and toughness. Long Fiber Thermoplastic (LFT) provides enhanced mechanical properties. Continuous Fiber Thermoplastic (CFT) offers high strength and stiffness. Other types include hybrid composites and recycled thermoplastic composites. These various types of thermoplastic resin composites provide a wide range of properties suitable for different automotive applications, leading to increased demand in the market. Their lightweight nature also helps in improving fuel efficiency and reducing emissions, making them attractive for automotive manufacturers looking to meet stringent regulations.

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Automotive Thermoplastic Resin Composites Market Analysis, by Application:

• Interior
• Exterior
• Under body systems
• Chassis System
• Power train system/ engine components
• Electrical and Electronics
• Others

Automotive Thermoplastic Resin Composites are commonly used in interior components such as dashboards, door panels, and seats for their lightweight, durability, and aesthetic appeal. In the exterior, they are used in body panels and bumpers for impact resistance and design flexibility. Under body systems benefit from their corrosion resistance and noise reduction properties. Chassis systems utilize them for their stiffness and crashworthiness. In powertrain and engine components, thermoplastic composites offer thermal stability and reduced weight. Electrical and electronics components benefit from their insulation properties. The fastest growing application segment in terms of revenue is expected to be powertrain system and engine components, driven by the automotive industry's increasing focus on lightweight materials for fuel efficiency and emission control.

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Automotive Thermoplastic Resin Composites Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Automotive Thermoplastic Resin Composites market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these, Asia-Pacific is expected to dominate the market with a market share of around 45%, driven by the increasing demand for lightweight and fuel-efficient vehicles in countries like China, Japan, and India. North America and Europe are also projected to have substantial market shares of approximately 25% and 20% respectively, due to the presence of key automotive manufacturers and stringent regulations regarding emissions and fuel efficiency. Latin America and the Middle East & Africa are expected to have smaller market shares but still contribute to the overall growth of the market.

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