Market Share of US Automotive Composites Industry
The United States of America automotive composite market is consolidated. Industry participants are expected to expect intensive competition owing to aggressive strategies, including acquisitions, pricing, merges, and new product development. Significant players in the market are hexcel Corporation, Mitsubishi Chemical Carbon Fibre and composite Inc, SGL carbon and Toray Industries Inc.
In November 2018, Hexcel Corporation acquired ARC technologies, the same company in 2017 acquired Oxford performance material company. In March 2018, Toray industries acquired TenCate advanced composites for 823.8 million Euros. PPG Industries fibreglass was acquired by Nippon On Sep 14, 2017. Composite material manufacturer GreenCore materials announced on Jan 29, 2020 that they will setup a 10 million USD factory in Georgetown. On March 6, 2020 TRB lightweight and Toyota Tsuho America announced joint venture to produce high volume composite parts to serve automotive industry in North American region.
US Automotive Composites Market Leaders
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3B Fiberglass
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Delphi Technologies
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General Motors Company
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SGL Carbon SE
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Nippon Sheet Glass Co Ltd
*Disclaimer: Major Players sorted in no particular order
