South Korea Automotive Composite Market Size & Outlook
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South Korea automotive composite market highlights
- The South Korea automotive composite market generated a revenue of USD 740.2 million in 2019 and is expected to reach USD 1,044.8 million by 2027.
- The South Korea market is expected to grow at a CAGR of 4.4% from 2020 to 2027.
- In terms of segment, polymer matrix composites was the largest revenue generating product in 2019.
- Metal Matrix Composites is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive composite market data book summary
| Market revenue in 2019 | USD 740.2 million |
| Market revenue in 2027 | USD 1,044.8 million |
| Growth rate | 4.4% (CAGR from 2019 to 2027) |
| Largest segment | Polymer matrix composites |
| Fastest growing segment | Metal Matrix Composites |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymer Matrix Composites, Metal Matrix Composites, Ceramic Matrix Composites |
| Key market players worldwide | Solvay SA, Toray Industries Inc, SGL Group, Teijin Ltd, Hexcel Corp, Mitsubishi Chemical Group Corp, Berkshire Hathaway Inc Class A, Gurit, Owens-Corning Inc, TPI Composites Inc, Plasan Carbon Composites, GMS Composites, IDI Composites International, Inc., Revchem Composites, Formaplex |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.9% of the global automotive composite market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China automotive composite market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,097.3 million by 2027.
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Automotive Composite Market Scope
Automotive Composite Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Formaplex | View profile | 501-1000 | Havant, Hampshire, United Kingdom, Europe | https://www.formaplex.com/ |
| Revchem Composites | View profile | 101-250 | Bloomington, California, United States, North America | http://revchem.com |
| IDI Composites International, Inc. | View profile | 251-500 | Noblesville, Indiana, United States, North America | http://idicomposites.com |
| GMS Composites | View profile | 11-50 | Oakleigh, Victoria, Australia, Oceania | https://www.gmscomposites.com |
| Plasan Carbon Composites | View profile | 501-1000 | Walker, Michigan, United States, North America | http://www.PlasanCarbon.com |
| TPI Composites Inc | View profile | 12300 | 9200 East Pima Center Parkway, Suite 250, Scottsdale, AZ, United States, 85258 | https://www.tpicomposites.com |
| Berkshire Hathaway Inc Class A | View profile | 396500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | https://www.berkshirehathaway.com |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| SGL Group | View profile | 11-50 | Adelaide, South Australia, Australia, Oceania | https://www.sglgroup.net |
| Gurit | View profile | 5001-10000 | Zürich, Zurich, Switzerland, Europe | http://www.gurit.com/ |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
South Korea automotive composite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive composite market will help companies and investors design strategic landscapes.
Polymer matrix composites was the largest segment with a revenue share of 75.9% in 2019. Horizon Databook has segmented the South Korea automotive composite market based on polymer matrix composites, metal matrix composites, ceramic matrix composites covering the revenue growth of each sub-segment from 2016 to 2027.
- South Korea Automotive Composite Product Outlook (Revenue, USD Million, 2016-2027)
- Ceramic Matrix Composites
- Metal Matrix Composites
- Polymer Matrix Composites
- Glass Fiber Reinforced Polymer Composite
- Natural Fiber Reinforced Polymer Composite
- Carbon Fiber Reinforced Polymer Composite
- South Korea Automotive Composite Application Outlook (Revenue, USD Million, 2016-2027)
- Structural & Powertrain Components
- Interior Components
- Others
- Exterior Components
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Target buyers of South Korea automotive composite market databook
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Our clientele includes a mix of automotive composite market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea automotive composite market , including forecasts for subscribers. This country databook contains high-level insights into South Korea automotive composite market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea automotive composite market size, by polymer matrix composites, 2016-2027 (US$M)
South Korea Automotive Composite Market Outlook Share, 2019 & 2027 (US$M)
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