The global Automotive Composite Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Fiber (Glass Fiber, Carbon Fiber, Others), By Resin (Thermoset, Thermoplastic), By Manufacturing Process (Compression Molding, Injection Molding, Resin Transfer Molding, Others), By Application (Exterior, Interior, Powertrain & Chassis, Battery Enclosures), By Vehicle (Non-electric, Electric).
The Automotive Composite market is at the forefront of materials innovation in the automotive industry, offering lightweight and high-strength solutions for vehicle components and structures. Composite materials, such as carbon fiber, fiberglass, and reinforced plastics, provide significant weight savings without compromising structural integrity or performance. With the automotive industry's focus on fuel efficiency, emissions reduction, and vehicle electrification, the demand for advanced composite materials continues to grow. Manufacturers in this market are dedicated to developing composites with tailored properties, advanced manufacturing techniques, and cost-effective solutions to meet the stringent requirements of modern vehicles. Moreover, advancements in composite technology, including resin formulations, fiber orientation, and automated manufacturing processes, drive innovation, enabling improved strength-to-weight ratios, design flexibility, and production efficiency. Additionally, as vehicle designs evolve to incorporate more lightweight materials and advanced manufacturing techniques, the Automotive Composite market presents opportunities for further innovation and integration to meet the evolving needs of vehicle manufacturers and consumers.
The global Automotive Composite market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Automotive Composite Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Automotive Composite Market Industry include- Hexcel Corp, Hexion Inc, Huntsman Corp, Mitsubishi Chemical Holdings Corp, Owens Corning, SGL Carbon SE, Solvay SA, Teijin Ltd, Toray Industries Inc, UFP Technologies Inc.
One of the most prominents in the Automotive Composite Market is the significant focus on lightweighting. With the growing demand for fuel efficiency and the push towards electric vehicles, automakers are increasingly turning to composite materials to reduce vehicle weight while maintaining structural integrity and safety standards. This trend is driving the adoption of advanced composite materials such as carbon fiber reinforced polymers (CFRP) and glass fiber reinforced polymers (GFRP) in various automotive applications, including body panels, chassis components, and interior parts.
A key market driver in the Automotive Composite Market is the implementation of stringent fuel efficiency and emission regulations worldwide. Governments and regulatory bodies are imposing stricter standards to reduce greenhouse gas emissions and improve fuel economy, prompting automakers to explore lightweight materials like composites to meet these requirements. Composite materials offer a viable solution by enabling automakers to manufacture lighter vehicles without compromising on performance or safety, thereby helping them achieve regulatory compliance and address environmental concerns.
One potential opportunity in the Automotive Composite Market lies in the adoption of composites for electric vehicle (EV) battery enclosures. As the demand for electric vehicles continues to surge, there is a growing need for lightweight yet durable materials to house EV batteries safely. Composites offer excellent strength-to-weight ratio and impact resistance, making them well-suited for battery enclosures. By leveraging composites in battery housing applications, manufacturers can enhance the structural integrity of EVs while reducing overall vehicle weight, thus extending driving range and improving performance, thereby presenting a significant opportunity for growth in the automotive composite sector.
By Fiber
Glass Fiber
Carbon Fiber
Others
By Resin
Thermoset
Thermoplastic
By Manufacturing Process
Compression Molding
Injection Molding
Resin Transfer Molding
Others
By Application
Exterior
Interior
Powertrain & Chassis
Battery Enclosures
By Vehicle
Non-electric
ElectricGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa
Hexcel Corp
Hexion Inc
Huntsman Corp
Mitsubishi Chemical Holdings Corp
Owens Corning
SGL Carbon SE
Solvay SA
Teijin Ltd
Toray Industries Inc
UFP Technologies Inc
*- List not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Automotive Composite Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Automotive Composite Market Size Outlook, $ Million, 2021 to 2030
3.2 Automotive Composite Market Outlook by Type, $ Million, 2021 to 2030
3.3 Automotive Composite Market Outlook by Product, $ Million, 2021 to 2030
3.4 Automotive Composite Market Outlook by Application, $ Million, 2021 to 2030
3.5 Automotive Composite Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Automotive Composite Industry
4.2 Key Market Trends in Automotive Composite Industry
4.3 Potential Opportunities in Automotive Composite Industry
4.4 Key Challenges in Automotive Composite Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Automotive Composite Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Automotive Composite Market Outlook by Segments
7.1 Automotive Composite Market Outlook by Segments, $ Million, 2021- 2030
By Fiber
Glass Fiber
Carbon Fiber
Others
By Resin
Thermoset
Thermoplastic
By Manufacturing Process
Compression Molding
Injection Molding
Resin Transfer Molding
Others
By Application
Exterior
Interior
Powertrain & Chassis
Battery Enclosures
By Vehicle
Non-electric
Electric
8 North America Automotive Composite Market Analysis and Outlook To 2030
8.1 Introduction to North America Automotive Composite Markets in 2024
8.2 North America Automotive Composite Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Automotive Composite Market size Outlook by Segments, 2021-2030
By Fiber
Glass Fiber
Carbon Fiber
Others
By Resin
Thermoset
Thermoplastic
By Manufacturing Process
Compression Molding
Injection Molding
Resin Transfer Molding
Others
By Application
Exterior
Interior
Powertrain & Chassis
Battery Enclosures
By Vehicle
Non-electric
Electric
9 Europe Automotive Composite Market Analysis and Outlook To 2030
9.1 Introduction to Europe Automotive Composite Markets in 2024
9.2 Europe Automotive Composite Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Automotive Composite Market Size Outlook by Segments, 2021-2030
By Fiber
Glass Fiber
Carbon Fiber
Others
By Resin
Thermoset
Thermoplastic
By Manufacturing Process
Compression Molding
Injection Molding
Resin Transfer Molding
Others
By Application
Exterior
Interior
Powertrain & Chassis
Battery Enclosures
By Vehicle
Non-electric
Electric
10 Asia Pacific Automotive Composite Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Automotive Composite Markets in 2024
10.2 Asia Pacific Automotive Composite Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Automotive Composite Market size Outlook by Segments, 2021-2030
By Fiber
Glass Fiber
Carbon Fiber
Others
By Resin
Thermoset
Thermoplastic
By Manufacturing Process
Compression Molding
Injection Molding
Resin Transfer Molding
Others
By Application
Exterior
Interior
Powertrain & Chassis
Battery Enclosures
By Vehicle
Non-electric
Electric
11 South America Automotive Composite Market Analysis and Outlook To 2030
11.1 Introduction to South America Automotive Composite Markets in 2024
11.2 South America Automotive Composite Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Automotive Composite Market size Outlook by Segments, 2021-2030
By Fiber
Glass Fiber
Carbon Fiber
Others
By Resin
Thermoset
Thermoplastic
By Manufacturing Process
Compression Molding
Injection Molding
Resin Transfer Molding
Others
By Application
Exterior
Interior
Powertrain & Chassis
Battery Enclosures
By Vehicle
Non-electric
Electric
12 Middle East and Africa Automotive Composite Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Automotive Composite Markets in 2024
12.2 Middle East and Africa Automotive Composite Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Automotive Composite Market size Outlook by Segments, 2021-2030
By Fiber
Glass Fiber
Carbon Fiber
Others
By Resin
Thermoset
Thermoplastic
By Manufacturing Process
Compression Molding
Injection Molding
Resin Transfer Molding
Others
By Application
Exterior
Interior
Powertrain & Chassis
Battery Enclosures
By Vehicle
Non-electric
Electric
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Hexcel Corp
Hexion Inc
Huntsman Corp
Mitsubishi Chemical Holdings Corp
Owens Corning
SGL Carbon SE
Solvay SA
Teijin Ltd
Toray Industries Inc
UFP Technologies Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Fiber
Glass Fiber
Carbon Fiber
Others
By Resin
Thermoset
Thermoplastic
By Manufacturing Process
Compression Molding
Injection Molding
Resin Transfer Molding
Others
By Application
Exterior
Interior
Powertrain & Chassis
Battery Enclosures
By Vehicle
Non-electric
Electric
The global Automotive Composite Market is one of the lucrative growth markets, poised to register a 11.6% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Hexcel Corp, Hexion Inc, Huntsman Corp, Mitsubishi Chemical Holdings Corp, Owens Corning, SGL Carbon SE, Solvay SA, Teijin Ltd, Toray Industries Inc, UFP Technologies Inc
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume