Automotive New Materials

Automotive New Materials Market Outlook

The global automotive new materials market is projected to reach approximately USD 64 billion by 2035, growing at a compound annual growth rate (CAGR) of around 8.5% over the forecast period from 2025 to 2035. The increasing demand for lightweight materials aimed at enhancing fuel efficiency and reducing emissions is a primary driver of this market growth. Additionally, innovations in automotive design and manufacturing processes are creating opportunities for the adoption of advanced materials that improve performance, safety, and aesthetic appeal. The need to comply with stringent environmental regulations is also leading automakers to explore alternative materials that contribute to sustainability without compromising the quality. Furthermore, the rise of electric and hybrid vehicles is significantly influencing the market, as these vehicles require specialized materials to efficiently manage battery weight and performance.

Growth Factor of the Market

The automotive new materials market is experiencing robust growth due to several key factors. Firstly, the shift toward electric vehicles (EVs) and hybrid models is creating a substantial demand for materials that enhance battery management systems while minimizing overall vehicle weight. As manufacturers strive to achieve greater energy efficiency and longer driving ranges, they are increasingly turning to innovative materials like advanced composites and lightweight metals. Additionally, the growing consumer preference for vehicles with enhanced safety features is pushing automakers to invest in high-performance materials that can withstand greater impact forces. Furthermore, global initiatives aimed at reducing carbon footprints and improving fuel economy standards are compelling automotive companies to incorporate sustainable materials into their manufacturing processes. Finally, technological advancements in material science, such as nanotechnology and 3D printing, are enabling the development of new materials that are not only lighter but also more durable and versatile.

Key Highlights of the Market

• Projected market growth rate of 8.5% CAGR from 2025 to 2035.
• Increased adoption of lightweight materials for improved fuel efficiency.
• Growing demand for electric and hybrid vehicles driving material innovations.
• Technological advancements in manufacturing processes enhancing material performance.
• Global regulatory pressures promoting sustainability in automotive design.

By Material Type

Polymers:

Polymers are becoming increasingly prominent in the automotive industry, primarily due to their lightweight properties, versatility, and cost-effectiveness. They are widely used in various components, from interior parts like dashboards and seat materials to exterior applications such as bumpers and fenders. The advancements in polymer technologies, particularly in engineering plastics, have allowed for enhanced thermal resistance and structural integrity, making them suitable for high-performance environments. This segment is particularly bolstered by the ongoing trend of vehicle electrification, which demands materials that can effectively manage temperature and weight while providing durability. With the increasing focus on comfort, aesthetics, and functionality, polymers are expected to play a crucial role in the future of automotive designs, aligning with the industry’s shift toward more sustainable and eco-friendly materials.

Metals:

Metals remain a foundational element in automotive manufacturing, thanks to their strength, durability, and recyclability. Traditional metals like steel and aluminum are increasingly being complemented by advanced alloys and lightweight metals, such as magnesium and titanium, to meet the demands of modern vehicles. The automotive industry is focused on reducing the overall weight of vehicles to improve fuel efficiency and reduce emissions, and this has led to a growing interest in aluminum components, particularly in vehicle body structures. Moreover, innovations in metallurgy are enabling the production of high-strength steel that can provide better performance while maintaining lower weights. This segment is expected to see continued growth driven by the need for enhanced safety features, structural integrity, and the ability to withstand extreme conditions without compromising performance.

Composites:

The use of composites in the automotive sector is on the rise due to their exceptional strength-to-weight ratio, which significantly enhances fuel efficiency and performance. Composites, including carbon fiber reinforced plastics and glass fiber reinforced materials, are becoming increasingly popular in premium and high-performance vehicles, where reducing weight is critical for speed and handling. These materials also offer superior corrosion resistance and can be molded into complex shapes, allowing for greater design flexibility. Their application is expanding from high-end models to mass-produced vehicles as manufacturing techniques improve and costs decrease. Furthermore, their ability to be tailored for specific performance characteristics is making composites a go-to choice for OEMs aiming to innovate and differentiate their offerings in a competitive market.

Ceramics:

Ceramics are carving out a niche in automotive applications, particularly in areas that require high-temperature resistance and wear durability. Advanced ceramics are being utilized in components such as brake systems, ignition systems, and insulation materials. The unique properties of ceramics, including their lightweight nature and ability to withstand extreme conditions, make them ideal for high-performance applications. As vehicles incorporate more complex electronic and engine management systems, the role of ceramics is likely to expand, particularly in applications where heat management is crucial. Innovations in ceramic materials are paving the way for their increased acceptance in mainstream automotive manufacturing, offering potential benefits in terms of longevity and performance.

Others:

This segment encompasses a variety of alternative materials that are gaining traction within the automotive industry. These materials include advanced bio-based composites, recycled materials, and specialty alloys that are utilized in specific applications to promote sustainability and reduce environmental impact. The growing trend of circular economy practices is driving OEMs to explore these alternatives, as they seek to reduce waste and enhance the recyclability of vehicle components. Innovations in bio-materials are particularly noteworthy, as they offer the potential for reducing dependency on fossil fuels while providing similar performance characteristics to traditional materials. As consumer awareness of environmental issues continues to rise, the demand for such sustainable materials is expected to grow, further diversifying the automotive materials landscape.

By Application

Body Structure:

The body structure segment is a critical area within the automotive new materials market, as it directly influences vehicle safety, weight, and aerodynamics. The demand for lightweight, high-strength materials is driving the adoption of advanced composites, aluminum, and high-strength steel for the vehicle chassis and framework. These materials not only contribute to improved fuel efficiency but also enhance crash performance by distributing impact forces more effectively. As regulatory bodies impose stricter safety standards, manufacturers are focused on utilizing materials that ensure occupant protection while meeting performance benchmarks. Innovations in design, such as the use of modular architectures, further allow for optimized material usage, establishing a trend toward more efficient and resilient vehicle structures.

Powertrain:

The powertrain application is undergoing a transformation with the introduction of new materials that enhance performance and efficiency. Lightweight materials are increasingly being used in engine components, transmission systems, and exhaust systems to improve overall vehicle dynamics. Advanced ceramics and polymers are making their way into critical parts to improve thermal management and reduce weight, thereby enhancing fuel economy. Additionally, the shift towards electric powertrains is prompting research and development into materials that can support battery systems while improving energy efficiency. The ongoing evolution of powertrain technologies is expected to bolster this segment as OEMs continue to innovate and seek out materials that can withstand the rigors of modern engines.

Interior:

The interior application segment is significantly influenced by consumer preferences for aesthetics, comfort, and technology integration. Materials used in this area include a diverse range of polymers, textiles, and composites that provide tactile and visual appeal while maintaining safety and durability. Automakers are increasingly using eco-friendly materials, such as recycled textiles and bio-based polymers, to cater to the environmentally conscious consumer. Additionally, advancements in surface finishes and coatings are allowing manufacturers to achieve premium looks at a lower cost. The increasing integration of technology, such as infotainment systems and ambient lighting, is also influencing material choices as manufacturers seek to create engaging user experiences within the vehicle cabin.

Exterior:

The exterior application segment is vital in establishing a vehicle's market appeal and performance. Advanced materials are essential for producing components such as body panels, bumpers, and lighting systems that not only enhance aesthetics but also improve functionality. Lightweight metals and composites are being employed to optimize aerodynamics and fuel efficiency. Additionally, innovations in surface treatments and coatings are enhancing the durability of exterior materials against environmental exposure. The trend towards electric and hybrid vehicles is also influencing this segment, with new materials being developed to accommodate the unique design and functional requirements of these vehicles. Manufacturers are increasingly focusing on materials that provide both visual impact and structural integrity, catering to the evolving demands of modern automotive design.

Others:

This segment includes various applications that do not fall under the main categories but are nonetheless crucial for vehicle functionality and performance. Examples include components used in safety systems, such as airbags and seat belts, as well as parts related to electronics and connectivity. The demand for lightweight and durable materials in these applications is driving innovation, leading to the exploration of materials that can enhance safety without adding weight. Furthermore, the rise of smart vehicle technologies is prompting the development of specialized materials that can integrate seamlessly with electronic systems. As the automotive landscape evolves, the 'others' application segment is likely to witness growth driven by technological advancements and the diversification of automotive functionalities.

By Vehicle Type

Passenger Cars:

Passenger cars account for a significant share of the automotive new materials market due to the sheer volume of vehicles produced globally. Manufacturers are increasingly focusing on lightweight materials to improve fuel efficiency and reduce emissions, aligning with global trends toward sustainability. Advanced composites, polymers, and lightweight metals are becoming standard in the design and manufacturing of passenger vehicles. As consumers demand greater efficiency and lower operating costs, the adoption of these materials is expected to rise. Additionally, the push for enhanced safety features is leading manufacturers to invest in higher-strength materials that can withstand crash impacts while maintaining passenger safety. The passenger car segment is poised for growth as automotive companies innovate and explore new materials for improved performance and aesthetics.

Commercial Vehicles:

The commercial vehicles segment is witnessing a surge in demand for new materials aimed at improving payload capacity and overall efficiency. Manufacturers are increasingly incorporating advanced alloys and composites to reduce weight without compromising strength and durability, which is vital for vehicles that transport goods and services. The growing focus on fuel efficiency and emissions reduction is driving the adoption of lightweight materials in trucks, buses, and vans. Furthermore, advancements in technology are enabling the development of specialized materials that can withstand the rigors of commercial applications while enhancing safety and performance. As e-commerce continues to drive demand for logistics and transportation, the commercial vehicle segment is expected to see significant growth, further pushing the need for innovative materials.

Electric Vehicles:

Electric vehicles (EVs) are at the forefront of the automotive new materials market, with manufacturers seeking advanced materials to maximize battery efficiency, reduce weight, and enhance overall performance. The unique requirements of EVs, including thermal management and structural integrity, are leading to the exploration of lightweight metals, composites, and specialized polymers. Innovations in battery technologies are also promoting the development of materials that can withstand high temperatures while providing optimal energy density. The increasing popularity of EVs is prompting automakers to prioritize sustainability by utilizing recycled and bio-based materials in their construction. As the global shift towards electrification continues, the EV segment is likely to drive substantial growth in the automotive new materials market.

Off-Highway Vehicles:

Off-highway vehicles, including those used in agriculture, construction, and mining, are becoming increasingly reliant on advanced materials to enhance their performance and durability. These vehicles require robust materials that can withstand harsh environmental conditions, heavy loads, and extreme use. As a result, manufacturers are adopting high-strength steel and advanced composites to ensure structural integrity while reducing weight. The demand for fuel efficiency in this segment is driving innovation, as lighter materials can significantly improve operating costs. Additionally, advancements in material processing are enabling the integration of smart technologies within off-highway vehicles, further enhancing their functionality and performance. The off-highway vehicle segment is expected to experience growth as industries seek to optimize equipment performance and reduce environmental impact.

Others:

This segment includes various vehicle types not categorized within the primary classifications, such as specialty vehicles and recreational vehicles (RVs). The demand for innovative materials in these applications is driven by the need for customization, performance, and aesthetics. Manufacturers are increasingly utilizing advanced composites and polymers to enhance the flexibility and design of these vehicles, catering to specific market needs. As the recreational vehicle market grows, there is a notable focus on lightweight materials that offer improved fuel efficiency without sacrificing comfort. This segment is expected to expand as manufacturers seek to meet the unique demands of specialty vehicles while adhering to sustainability goals.

By Sales Channel

OEMs:

The original equipment manufacturers (OEMs) segment is a significant driver of the automotive new materials market, as they are responsible for the initial design and assembly of vehicles. OEMs are increasingly focused on incorporating advanced materials to enhance performance, safety, and aesthetic appeal, aligning with consumer demands and regulatory standards. The growing trend of electrification and automation is also pushing OEMs to explore innovative materials that improve battery performance and allow for greater design flexibility. Collaborations between OEMs and material suppliers are becoming more common, promoting the development of tailored solutions that meet specific performance requirements. As the automotive landscape evolves, the OEMs segment is likely to witness continued growth as manufacturers prioritize material innovation to stay competitive in the market.

Aftermarket:

The aftermarket segment represents a vital channel for the distribution and application of new materials in the automotive industry. As consumers increasingly seek to upgrade their vehicles with high-performance parts and accessories, there is a growing demand for advanced materials to improve durability and aesthetics. Innovations in material technology are enabling the development of aftermarket components that enhance vehicle performance while adhering to safety standards. Additionally, the rise of customization trends is driving the demand for unique materials that allow consumers to personalize their vehicles. The aftermarket segment is expected to grow as more consumers invest in vehicle enhancements, creating opportunities for material suppliers to introduce innovative solutions that cater to diverse needs.

By Region

The regional analysis of the automotive new materials market reveals significant variations in demand and growth dynamics across different areas. North America is one of the leading markets, primarily driven by the presence of major automotive manufacturers and a growing emphasis on fuel efficiency and safety standards. The region is projected to experience a CAGR of 7.8% over the forecast period as automakers increasingly adopt innovative materials to meet consumer demands and regulatory requirements. Europe follows closely, characterized by strong environmental regulations and a push towards electric and hybrid vehicles, which are significantly influencing material choices. The European automotive sector is expected to leverage advanced materials to improve efficiency and sustainability, further reinforcing its position in the global market.

In the Asia Pacific region, the automotive new materials market is poised for robust growth, fueled by increasing vehicle production and a rising middle-class population with growing disposable incomes. Countries like China and India are witnessing a surge in demand for personal and commercial vehicles, leading to heightened investments in material innovations to meet diverse consumer needs. The market is expected to grow at a CAGR of 9% during the forecast period, supported by government initiatives aimed at promoting electric vehicles and sustainable manufacturing practices. Latin America and the Middle East & Africa are also gradually adopting new materials, albeit at a slower rate, largely influenced by improving economic conditions and increasing vehicle ownership.

Opportunities

The automotive new materials market presents numerous opportunities as the industry continues to evolve and adapt to changing consumer preferences and regulatory requirements. One of the most significant opportunities lies in the rising demand for electric and hybrid vehicles, which require innovative materials to enhance battery performance, reduce weight, and improve overall vehicle efficiency. As automakers increasingly seek to differentiate themselves in a competitive market, there is considerable potential for the development of specialized materials that cater specifically to the needs of EVs and their unique operational characteristics. Additionally, the growing emphasis on sustainability opens the door for the incorporation of recycled and bio-based materials, allowing manufacturers to align with consumer expectations for environmentally friendly products while reducing costs associated with raw materials.

Another opportunity within the automotive new materials market is the ongoing advancements in manufacturing technologies, such as 3D printing and advanced composites. These technologies enable manufacturers to create complex components with optimized material properties, significantly reducing production costs and lead times. Furthermore, the trend toward lightweighting in vehicles presents a substantial opportunity for material suppliers to innovate and develop new solutions that enhance performance while complying with stringent fuel efficiency regulations. As the automotive industry continues to embrace digital transformation, the integration of smart materials and connectivity features within vehicles is poised to create new avenues for growth, driving demand for advanced materials that enable enhanced functionality and user experiences.

Threats

Despite the promising growth prospects in the automotive new materials market, several threats could hinder progress in the coming years. One of the most pressing challenges is the volatility in raw material prices, which can impact manufacturing costs and profit margins for automotive companies. Fluctuations in the availability of specific materials, such as metals and polymers, may lead to production delays and increased operational expenses, potentially disrupting the market's stability. Additionally, the automotive industry's shift toward electrification and sustainability may result in increased competition for certain materials, putting pressure on supply chains. As manufacturers strive to source sustainable materials, the risk of supply shortages or price inflation may pose a significant threat to market growth.

Another potential threat to the automotive new materials market is the rapid pace of technological change. While innovations drive growth, they also create challenges for traditional materials and manufacturing processes. As new materials and production methods emerge, manufacturers must continuously adapt to stay competitive, which may require significant investment in research and development. The transition to these advanced materials may also necessitate retraining of the workforce, posing challenges for companies accustomed to conventional practices. Furthermore, the evolving regulatory landscape surrounding environmental standards and vehicle safety may force manufacturers to rapidly adjust their materials and processes, further complicating the market dynamics.

Competitor Outlook

• BASF SE
• DuPont de Nemours, Inc.
• Covestro AG
• 3M Company
• Toray Industries, Inc.
• Teijin Limited
• Alcoa Corporation
• General Motors Company
• Ford Motor Company
• Volkswagen AG
• Toshiba Corporation
• SABIC
• LG Chem
• Hexcel Corporation
• Solvay SA

The competitive landscape of the automotive new materials market is characterized by a diverse range of players, from established multinational corporations to innovative startups. Major materials suppliers such as BASF SE and DuPont de Nemours are at the forefront, developing advanced materials that cater to the growing demand for lightweight and sustainable solutions. These companies are investing heavily in research and development to stay ahead of technological advancements and regulatory changes that impact the automotive sector. Their extensive product portfolios, combined with a strong focus on sustainability, position them well to capture market share in the rapidly evolving landscape.

Automakers like General Motors, Ford, and Volkswagen are also actively involved in the materials market, working closely with suppliers to integrate advanced materials into their vehicle designs. These collaborations allow automotive manufacturers to leverage the latest innovations in materials technology, enhancing vehicle performance and compliance with regulatory standards. As the industry shifts toward electrification, these companies are focusing on lightweight materials that optimize battery efficiency and enhance overall vehicle performance. Their strategic partnerships with key material suppliers are crucial in driving innovation and ensuring a competitive edge in the market.

Additionally, companies such as Toray Industries and Hexcel Corporation are gaining prominence in the automotive new materials space due to their expertise in composite materials. They are focusing on applications that require high-strength and lightweight solutions, particularly in electric and high-performance vehicles. By investing in advanced manufacturing techniques and expanding their product offerings, these companies are well-positioned to capitalize on the growing demand for composites in the automotive sector. The competitive landscape is dynamic, and companies that prioritize innovation, sustainability, and strategic partnerships will be the ones to thrive in the automotive new materials market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SABIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 BASF SE
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 LG Chem
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Solvay SA
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 3M Company
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Covestro AG
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Volkswagen AG
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Teijin Limited
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Alcoa Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Ford Motor Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Hexcel Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Toshiba Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 General Motors Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Toray Industries, Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 DuPont de Nemours, Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Automotive New Materials Market, By Application
    • 6.1.1 Body Structure
    • 6.1.2 Powertrain
    • 6.1.3 Interior
    • 6.1.4 Exterior
    • 6.1.5 Others
  • 6.2 Automotive New Materials Market, By Vehicle Type
    • 6.2.1 Passenger Cars
    • 6.2.2 Commercial Vehicles
    • 6.2.3 Electric Vehicles
    • 6.2.4 Off-Highway Vehicles
    • 6.2.5 Others
  • 6.3 Automotive New Materials Market, By Material Type
    • 6.3.1 Polymers
    • 6.3.2 Metals
    • 6.3.3 Composites
    • 6.3.4 Ceramics
    • 6.3.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Automotive New Materials Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Automotive New Materials market is categorized based on

By Material Type

• Polymers
• Metals
• Composites
• Ceramics
• Others

By Application

• Body Structure
• Powertrain
• Interior
• Exterior
• Others

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Electric Vehicles
• Off-Highway Vehicles
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• BASF SE
• DuPont de Nemours, Inc.
• Covestro AG
• 3M Company
• Toray Industries, Inc.
• Teijin Limited
• Alcoa Corporation
• General Motors Company
• Ford Motor Company
• Volkswagen AG
• Toshiba Corporation
• SABIC
• LG Chem
• Hexcel Corporation
• Solvay SA