Product Code: ETC069583 | Publication Date: Jun 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India automotive composites market is projected to witness a significant growth in the coming years. This can be attributed to its advantages such as lightweight, high strength, and superior durability. Composites are being increasingly used for manufacturing of automotive exterior applications such as bumpers, spoilers, side moldings etc., interior components like floorboard trims and instrument panels; as well engine parts including valve covers, manifolds etc. Also growing investments by automakers in research & development activities related to composite materials, along with rising demand from end users for fuel efficient vehicles will further drive the market during forecast period 2025-2031.
Increasing Demand For Lightweight Components: Growing consumer preference towards vehicles with improved performance has increased the demand for lightweight materials that are able to offer better mileage and decreased CO2 emissions without compromising on safety or stability of vehicle components or systems. Thus use of composites helps reduce the overall weight of vehicle which leads to greater fuel efficiency resulting in higher demand for this material by auto manufacturers globally. Technological Advancements: Automotive industry is witnessing rapid changes due technological advancements which have resulted in increasing popularity among consumers due their capability to provide better performance at lower cost compared traditional materials like steel or aluminum .This technology also allows cost effective customization according customer requirements .Thus these advancements will further drive the global automotive composites market over forecast period 2025-2031
The major challenge faced by automotive composite manufacturers is the high cost of raw materials required for production process ,which makes them more expensive than other materials traditionally used in automobile industry such as steel ,aluminum etc leading towards slower adoption rate among OEMs . Difficulty In Recyclability And Disposal Of Composite Parts : Composite parts made up polymer matrix reinforced with continuous fibers present problem when it comes recycling and disposing off after their life cycle ends making it difficult process compare conventional metals .Also most current methods require additional energy expenditure thus making recycling inefficient .
Increase Use Of Sustainable Fibrous Reinforcements : There has been considerable increase reported lately in usage sustainable fibrous reinforcements derived from natural sources such plant cellulose ,hemp amongst others owing their biodegradable properties which makes them environment friendly alternative over synthetic options available currently .These resources also help reduce overall costs involved production process significantly apart from providing several other benefits including superior
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Composites Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Composites Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Composites Market - Industry Life Cycle |
3.4 India Automotive Composites Market - Porter's Five Forces |
3.5 India Automotive Composites Market Revenues & Volume Share, By Fiber, 2021 & 2031F |
3.6 India Automotive Composites Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.7 India Automotive Composites Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Automotive Composites Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 India Automotive Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Automotive Composites Market Trends |
6 India Automotive Composites Market, By Types |
6.1 India Automotive Composites Market, By Fiber |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Composites Market Revenues & Volume, By Fiber, 2018 - 2031F |
6.1.3 India Automotive Composites Market Revenues & Volume, By Glass, 2018 - 2031F |
6.1.4 India Automotive Composites Market Revenues & Volume, By Carbon, 2018 - 2031F |
6.1.5 India Automotive Composites Market Revenues & Volume, By Others, 2018 - 2031F |
6.2 India Automotive Composites Market, By Resin |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Composites Market Revenues & Volume, By Thermoset, 2018 - 2031F |
6.2.3 India Automotive Composites Market Revenues & Volume, By Thermoplastic, 2018 - 2031F |
6.3 India Automotive Composites Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Composites Market Revenues & Volume, By Interior, 2018 - 2031F |
6.3.3 India Automotive Composites Market Revenues & Volume, By Exterior, 2018 - 2031F |
6.3.4 India Automotive Composites Market Revenues & Volume, By Powertrain, 2018 - 2031F |
6.3.5 India Automotive Composites Market Revenues & Volume, By Chassis, 2018 - 2031F |
6.4 India Automotive Composites Market, By Vehicle |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Composites Market Revenues & Volume, By Non-electric, 2018 - 2031F |
6.4.3 India Automotive Composites Market Revenues & Volume, By Electric, 2018 - 2031F |
7 India Automotive Composites Market Import-Export Trade Statistics |
7.1 India Automotive Composites Market Export to Major Countries |
7.2 India Automotive Composites Market Imports from Major Countries |
8 India Automotive Composites Market Key Performance Indicators |
9 India Automotive Composites Market - Opportunity Assessment |
9.1 India Automotive Composites Market Opportunity Assessment, By Fiber, 2021 & 2031F |
9.2 India Automotive Composites Market Opportunity Assessment, By Resin, 2021 & 2031F |
9.3 India Automotive Composites Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Automotive Composites Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 India Automotive Composites Market - Competitive Landscape |
10.1 India Automotive Composites Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |