Global Automotive Composites Market
Market Size in USD Billion
CAGR :
% 
USD
12.30 Billion
USD
30.36 Billion
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 12.30 Billion |
 Market Size (Forecast Year) |
USD 30.36 Billion |
 CAGR |
% |
| Major Markets Players |
Global Automotive Composites Market Segmentation, By Fiber Type (Carbon Fiber Automotive Composites, Glass Fiber Automotive Composites, Other Fiber Automotive Composites), Vehicle Type (Non-Electric Vehicles, Electric Vehicles), Resin Type (Thermoset Automotive Composites, Thermoplastic Automotive Composites), Manufacturing Process (Compression Molded Automotive Composites, Injection Molded Automotive Composites, Resin Transfer Molded Automotive Composites, Other Processes), Application (Exterior, Interior, Powertrain, Chassis) – Industry Trends and Forecast to 2032
Automotive Composites Market Analysis
Now-a-days, composite materials have big advantages over steel in the manufacturing of automobiles. Automobile manufacturing companies are continuously launching new materials to improve the safety pf vehicles, noise and vibration, and fuel economy. In the previous decades, cars have become more and more dependent on the steel for their basic materials but now car manufacturers are turning to glass fibre, aluminium, magnesium, and other automotive composite materials which deliver better performance. The glass fiber automotive composite is highest growing fiber segment due to its superior properties such as durability, flexibility, strength, moisture, and many other over the forecast period.
Automotive Composites Market Size
Global automotive composites market size was valued at USD 12.30 billion in 2024 and is projected to reach USD 30.36 billion by 2032, with a CAGR of 11.95% during the forecast period of 2025 to 2032.
Automotive Composites Market Trends
“Growing Demand for Lightweight and Sustainable Materials in Automotive Manufacturing”
One of the key trends in the global automotive composites market is the increasing demand for lightweight and sustainable materials to improve vehicle performance and reduce environmental impact. Automotive manufacturers are increasingly adopting composite materials, such as carbon fiber, fiberglass, and natural fiber composites, to reduce vehicle weight, enhance fuel efficiency, and meet stringent emission regulations. Composites offer high strength-to-weight ratios, corrosion resistance, and design flexibility, making them ideal for use in key automotive components like body panels, interior parts, and structural elements. As consumer demand for eco-friendly vehicles rises and automakers strive to meet global sustainability goals, the adoption of automotive composites is expected to accelerate. Additionally, advancements in manufacturing technologies and reduced production costs are further driving the widespread use of composites in the automotive industry.
Report Scope and Market Segmentation
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Attributes |
Automotive Composites Key Market Insights |
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Segmentation |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Key Market Players |
Quantum Composites (U.S.), Textum OPCO, LLC (U.S.), Composites Evolution (U.K.), DEVOLD AMT (Norway), Taiyuan Heavy Industry Co.,Ltd (China), STRUCTeam (U.K.), RTP Company (USA), G. Angeloni s.r.l (Italy), Talon Technology Co.,Ltd (U.S.), Rock West Composites, Inc (U.S.), COLAN AUSTRALIA, (Australia), CIT Composite Materials Italy (Italy), SGL Carbon (Germany), Gurit (Switzerland), Hexcel Corporation (U.S.), Exel Composites (Finland), General Electric (U.S.), Solvay (Belgium), LANXESS (Germany), Avient Corporation(U.S.), Aerodyn GmbH (Germany), C. Cramer, Weberei, GmbH & Co. K.G. (Germany), Innegra Technologies, LLC (U.S.), Teijin Aramid B.V (Japan) |
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Market Opportunities |
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Automotive Composites Market Definition
Automotive composites are being considered to make safer, lighter, and more fuel-efficient vehicles. An automotive composite is made up of high-performance fiber such as glass or carbon in a matrix material (epoxy polymer) which, if combined, provides enhanced properties compared with the individual materials by themselves
Automotive Composites Market Dynamics
Drivers
- Rising demand of automotive composite in automotive sector
The automobile manufacturers such as BMW, Merced’s, Audi, and Volkswagen have already used this automotive composites to make the exterior and interior parts of automobiles. Due to the advanced development of several type of automotive composites in automotive sector for instance, in application of development of environmental friendly automotive, anti-roll bar brake friction material for medium duty automotive application, and automotive piston are some major application which are expected to increase the growth of the automotive composites market.
- Growing demand of fuel efficient vehicle
Growing fuel prices have accelerated the demand for fuel-efficient vehicles. For the replacement of steel and other heavy materials, composites are widely used due to their higher strength to weight ratio. The majority of vehicles currently use conventional fuel technologies, such as petrol and diesel, which contributes to increasing demand for fuel-efficient vehicles.
Furthermore, rising demand of light vehicles, growing applications of natural fiber composites and increasing demand of environmental friendly electric vehicle are some of the major factors which will expected to increase the growth of the automotive composites market during forecast period of 2025-2032.
Opportunities
- Surging government initiatives
Surging government initiatives further offer the numerous growth opportunities within the market. For instance, In India, “Make in India” are anticipated to contribute to the growth in the automotive industry, which, in turn, is expected to fuel the demand for automotive composites in upcoming years.
- Increasing developments of new methods.
The development of low-cost manufacturing methods and carbon fiber-based methods for automotive composites is receiving much attention. There are several cost effective ways of manufacturing composite automobile parts that also decrease the number of fasteners and joints and will create immense opportunities for the growth of the automotive composites market.
Restraints/Challenges
- Lack of technological advancement
Lack of technological advancements in certain countries has limited the use of automotive these composites. Manufacturers in some countries use traditional materials such as aluminium and steel, despite the beneficial attributes of thermoplastic resins and glass fiber. This is anticipated to obstruct the growth of automotive composites
- High cost associated with automotive composites
However, high manufacturing and technology costs of automotive composites will hinder the growth rate of automotive composite.
This automotive composites market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Automotive Composites Market Scope
The automotive composites market is segmented on the basis of fiber type, vehicle type, resin type, manufacturing process and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Fiber Type
- Carbon Fiber Automotive Composites
- Glass Fiber Automotive Composites
- Other Fiber Automotive Composites
Vehicle Type
- Non-Electric Vehicles
- Electric Vehicles
Resin Type
- Thermoset Automotive Composites
- Thermoplastic Automotive Composites
Manufacturing Process
- Compression Molded Automotive Composites
- Injection Molded Automotive Composites
- Resin Transfer Molded Automotive Composites
- Other Processes
Application
- Exterior
- Interior
- Powertrain
- Chassis
Automotive Composites Market Regional Analysis
The automotive composites market is analyzed and market size insights and trends are provided by country, fiber type, vehicle type, resin type, manufacturing process and application as referenced above.
The countries covered in the automotive composites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the automotive composites market due to prevalence of many manufacturers along with rising number of research and development activities in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2025-2032 due to this region's adoption of automotive composites in electric vehicles.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Automotive Composites Market Share
The automotive composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive composites market.
Automotive Composites Market Leaders Operating in the Market Are:
- Quantum Composites (U.S.)
- Textum OPCO, LLC (U.S.)
- Composites Evolution (U.K.)
- DEVOLD AMT (Norway)
- Taiyuan Heavy Industry Co.,Ltd (China)
- STRUCTeam (U.K.)
- RTP Company (U.S.)
- G. Angeloni s.r.l (Italy)
- Talon Technology Co.,Ltd (U.S.)
- Rock West Composites, Inc (U.S.)
- COLAN AUSTRALIA, (Australia)
- CIT Composite Materials Italy (Italy)
- SGL Carbon (Germany)
- Gurit (Switzerland)
- Hexcel Corporation (U.S.)
- Exel Composites (Finland)
- General Electric (U.S.)
- Solvay (Belgium)
- LANXESS (Germany)
- Avient Corporation (U.S.)
- Aerodyn GmbH (Germany)
- C. Cramer, Weberei, GmbH & Co. KG (Germany)
- Innegra Technologies, LLC (U.S.)
- Teijin Aramid B.V (Japan)
Latest Developments in Automotive Composites Market
- In February 2022, Teijin Automotive Technologies has declared the initiation of commercial operation of its new manufacturing facility which is located in Wujin National Hi-Tech Industrial Zone, China. The company also revealed the construction of its third-plant in China, to deal with the increasing demand for electric vehicles.
- In January 2021, Jaguar Land Rover declared the development of lightweight composites to enhance its vehicles' power train structure and efficiency. The company is producing light weight composites for high performance batteries and reduced carbon emission.
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Global Automotive Composites Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Automotive Composites Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Automotive Composites Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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