Comprehensive Outlook on Executive Summary Automotive Composites Market Size and Share

CAGR Value

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.

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Automotive Composites Market analysis report is object-oriented which is produced with the combination of a splendid industry experience, talent solutions, industry insight and most up to date tools and technology. The report also covers market overview, premium insights, key insights and company profiles in detail of the key market players. The report presents the data and information for actionable, most modern and real-time market insights which makes it easy to go for critical business decisions. Market research analysis and data in Automotive Composites Market report lends a hand to businesses for the planning of production, product launches, costing, inventory, purchasing and Market strategies.

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Automotive Composites Industry Snapshot

Segments

- By Fiber Type: Glass Fiber, Carbon Fiber, Natural Fiber, Others
- By Resin Type: Thermoset, Thermoplastic
- By Manufacturing Process: Compression Molding, Injection Molding, Resin Transfer Molding, Others
- By Application: Exterior, Interior, Powertrain, Chassis

The global automotive composites market is segmented based on fiber type, resin type, manufacturing process, and application. In terms of fiber type, the market is divided into glass fiber, carbon fiber, natural fiber, and others. Among these, carbon fiber is expected to witness significant growth due to its lightweight and high-strength properties, making it ideal for automotive applications. Resin type segmentation includes thermoset and thermoplastic composites, with thermoset composites holding a major market share owing to their superior properties such as heat and chemical resistance. The market is also categorized by manufacturing processes such as compression molding, injection molding, resin transfer molding, and others. Furthermore, the automotive composites find applications in exterior, interior, powertrain, and chassis components, each contributing to the overall market growth.

Market Players

- Toray Industries Inc.
- SGL Carbon
- Hexcel Corporation
- Teijin Limited
- Owens Corning
- Solvay
- Gurit
- Mitsubishi Chemical Corporation
- Plasan Carbon Composites
- Nippon Electric Glass Co., Ltd.

The global automotive composites market is highly competitive with key players focusing on strategic initiatives such as mergers and acquisitions, product launches, and partnerships to strengthen their market position. Toray Industries Inc., SGL Carbon, and Hexcel Corporation are some of the prominent players in the market, known for their extensive product portfolios and technological advancements. Teijin Limited and Owens Corning are also key contributors to the market growth, offering a wide range of automotive composites tailored to meet industry demands. Other notable players in the market include Solvay, Gurit, Mitsubishi Chemical Corporation, Plasan Carbon Composites, and Nippon Electric Glass Co., Ltd., further intensifying the competitive landscape of the global automotive composites market.

The global automotive composites market is witnessing an upward trend driven by the increasing demand for lightweight and high-performance materials in the automotive industry. Carbon fiber composites, in particular, are experiencing a surge in demand due to their exceptional properties, including high strength-to-weight ratio and corrosion resistance. These properties make carbon fiber composites an attractive choice for applications in exterior components, interior panels, powertrain elements, and chassis structures. As automotive manufacturers strive to enhance fuel efficiency, reduce emissions, and improve overall performance, the adoption of carbon fiber composites is expected to rise further.

In terms of resin types, thermoset composites have traditionally dominated the automotive composites market due to their excellent resistance to high temperatures and chemicals. However, the growing emphasis on recyclability and sustainability has led to an increasing interest in thermoplastic composites. Thermoplastic composites offer advantages such as faster processing times, recyclability, and ease of reshaping, making them a preferred choice for certain automotive applications. As sustainability concerns continue to gain prominence in the automotive sector, the demand for thermoplastic composites is projected to increase, driving further market growth.

The choice of manufacturing process also plays a crucial role in the automotive composites market. Compression molding, injection molding, and resin transfer molding are among the common techniques used for producing composite components in the automotive industry. Each of these processes offers specific advantages in terms of cost-efficiency, production speed, and part complexity, influencing their application in different automotive segments. As manufacturers strive to optimize production processes and enhance product quality, advancements in manufacturing technologies are expected to shape the future landscape of the automotive composites market.

Moreover, the competitive landscape of the global automotive composites market is characterized by intense rivalry among key players seeking to gain a competitive edge through strategic initiatives. Mergers and acquisitions, new product launches, and collaborative partnerships are key strategies employed by market players to expand their product offerings, strengthen their market presence, and cater to evolving customer needs. With leading companies such as Toray Industries Inc., SGL Carbon, and Hexcel Corporation driving innovation and setting industry benchmarks, the global automotive composites market is poised for further growth and technological advancements. As the market continues to evolve, players like Teijin Limited, Owens Corning, and other prominent industry participants are expected to play a significant role in shaping the future trajectory of the automotive composites sector.The global automotive composites market is set to witness significant growth in the coming years, driven by a variety of factors. One of the primary drivers of this growth is the increasing focus on lightweight materials in the automotive industry to improve fuel efficiency and reduce emissions. Carbon fiber composites, with their high strength-to-weight ratio, are particularly favored for use in automotive applications such as exterior components, interior panels, powertrain elements, and chassis structures. The demand for carbon fiber composites is expected to rise as automotive manufacturers strive to meet stringent regulatory requirements and consumer expectations for high-performance vehicles.

Another important trend shaping the market is the shift towards sustainable and recyclable materials. While thermoset composites have traditionally been dominant in the automotive sector due to their excellent heat and chemical resistance, there is a growing interest in thermoplastic composites for their recyclability and ease of reshaping. As sustainability concerns become more prominent in the industry, the demand for thermoplastic composites is likely to increase, providing new growth opportunities for market players.

Moreover, the choice of manufacturing process plays a crucial role in shaping the market landscape. Compression molding, injection molding, and resin transfer molding are commonly used techniques for producing composite components in the automotive sector, each offering specific advantages in terms of cost-efficiency, production speed, and part complexity. As manufacturers continue to focus on optimizing production processes and enhancing product quality, advancements in manufacturing technologies are expected to drive innovation and further market growth.

The competitive landscape of the global automotive composites market is characterized by intense competition among key players such as Toray Industries Inc., SGL Carbon, Hexcel Corporation, Teijin Limited, and Owens Corning. These companies are actively engaged in strategic initiatives like mergers and acquisitions, product launches, and partnerships to strengthen their market presence and cater to evolving customer needs. With a strong focus on innovation and technological advancements, the market is poised for continuous growth and development, with leading players driving industry benchmarks and shaping the future trajectory of the automotive composites sector. As the market evolves, collaboration and innovation among industry participants are expected to play a crucial role in driving market expansion and responding to changing industry dynamics.

Discover the company’s competitive share in the industry
https://www.databridgemarketresearch.com/reports/global-automotive-composites-market/companies

Market Intelligence Question Sets for Automotive Composites Industry

• What does the most recent data suggest about the Automotive Composites Market size?
• How fast is this Automotive Composites Market forecasted to expand?
• What are the detailed segments covered in the Automotive Composites Market report?
• Who are the top-performing vendors in the space?
• What product introductions have shaped the Automotive Composites Market recently?
• What national-level insights are offered in the Automotive Composites Market study?
• Where is growth accelerating most significantly?
• Which country is forecasted to be the Automotive Composites Market frontrunner?
• Which regional bloc holds the highest revenue share for Automotive Composites Market?
• What country will lead with the fastest expansion rate?

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