Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Fiber (Glass, Carbon, Others), By Resin (Thermoset, Thermoplastic), By Application (Interior, Exterior, Powertrain, Chassis), By Vehicle (Non-electric, Electric) And Competitive Landscape
| Product Code: ETC076171 | Publication Date: Aug 2021 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
According to 6Wresearch internal database and industry insights, the Asia Pacific Automotive Composites Market was valued at USD 6.8 billion in 2024 and is projected to reach USD 15.9 billion by 2031, indicating a compound annual growth rate (CAGR) of 12.3% during the forecast period (2025-2031).
| Report Name | Asia Pacific Automotive Composites Market |
| Forecast Period | 2025-2031 |
| CAGR | 12.3% |
| Market Size | USD 15.9 billion by 2031 |
| Growing Sector | Automotive & Transportation Materials |
The Asia Pacific Automotive Composites Market report thoroughly covers the market by fiber, resin, application, vehicle type, and countries. The report provides an unbiased and detailed analysis of market trends, opportunities/high growth areas, and market drivers to help stakeholders devise and align their strategies according to current and future market dynamics.
The Asia Pacific Automotive Composites Market is anticipated to experience strong growth as manufacturers emphasize lightweight vehicles, improved fuel efficiency, and lower emissions. The rising use of carbon and glass fibers in automotive components is one of the driving forces of this market, as are the increasing number of electric vehicles that are entering the market. There are also plenty of Government mandated policies that are encouraging the use of composite materials in vehicles that are more lightweight, fuel efficient, and environmentally friendly.
Asia Pacific Automotive Composites Market is projected to grow at a CAGR of 12.3% during the forecast period 2025-2031. Critical factors informing growth in the Asia Pacific Automotive Composites Market are heightened demand for thermoset and thermoplastic composites, the scale and speed of growth in electric vehicle manufacturing and investment by OEMs in lightweight materials. Both foreign suppliers and regional manufacturers are investing their resources in research and development, realizing a scaling process in production operations, and implementing technological advanced materials. Investments of this nature improve product aspects, operational productivity structures, competitiveness, revenue growth, and fundamentally, the overall growth of the Asia Pacific Automotive Composites Industry as a whole in the region.
Asia Pacific Automotive Composites Market Growth is constrained by the high cost of advanced composites, technical complexity in manufacturing, and challenges in recycling composite materials. Supply chain fluctuations for raw fibers and resins impact production costs. Limited awareness among smaller OEMs and regional manufacturers regarding composite benefits also restricts adoption. Furthermore, inconsistent regulatory standards across countries create challenges in cross-border trade, while initial investments in composite manufacturing infrastructure can deter new entrants, slowing the overall market expansion.
The Asia Pacific Automotive Composites Industry is witnessing significant trends such as increasing adoption of carbon fiber and hybrid composites, integration of thermoplastics for recyclable automotive parts, and use of high-performance resins for structural components. Manufacturers are focusing on lightweight for fuel efficiency and emission reduction. Advanced simulation tools and AI-assisted composite design are reshaping product development. Furthermore, collaborations between OEMs and composite suppliers are enhancing innovation, while growing EV penetration is driving the need for composite components in battery enclosures, chassis, and body panels.
Investment opportunities exist in expanding production capacity for carbon and glass fiber composites, developing thermoplastic composite solutions, and offering lightweight components for electric and luxury vehicles. Startups providing 3D-printed composite solutions, automated manufacturing technologies, and eco-friendly resins are attracting venture capital. Government initiatives such as China Made in China 2025 lightweight vehicle programs, India EV subsidy schemes, and Japan carbon fiber adoption incentives are creating new revenue streams. Investments in R&D, material optimization, and regional expansion offer strong growth potential.
Leading market players include Toray Industries, Teijin Limited, Mitsubishi Chemical, and Gurit Holding AG. Moreover, regional manufacturers in China, India, and Japan are enhancing their capabilities in carbon fiber, thermoplastics, and exterior automotive components, reinforcing their competitive position and expanding their presence in the Asia Pacific Automotive Composites Market.
Government within the Asia Pacific Region actively promote lightweight vehicles, EV uptake and sustainable materials policy which increases the use of composites. In China, several lightweight vehicle, carbon fiber and EV initiatives are supported through Made in China 2025. India endorses lightweight materials and EV manufacturing, with state-level incentives. Japan continues to promote progress in terms of fuel efficiency and innovation in materials, including advanced composites which is enabled through subsidies.
Asia Pacific Automotive Composites Market is projected to maintain strong growth due to rising EV adoption, lightweighting initiatives, and environmental regulations. Key trends include AI-assisted composite design, advanced thermoplastics, and sustainable fiber solutions. Expansion of regional production networks and collaborations with OEMs will improve supply efficiency and quality. The growing popularity of carbon fiber and hybrid composites is expected to strengthen the Asia Pacific Automotive Composites Market Share, particularly in emerging economies like China, India, and Southeast Asia.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ritika Kalra, Senior Research Analyst at 6Wresearch, China leads the Asia Pacific Automotive Composites Market due to a large automotive industry, EV production growth, and government-backed lightweighting initiatives. India follows, supported by incentives for EVs and local composite manufacturing. Japan and Australia are significant contributors with advanced R&D in carbon fiber and thermoplastics.
Glass fiber dominates the market due to its cost-effectiveness, durability, and wide use in structural automotive components. Carbon fiber is growing rapidly for high-performance and EV applications, while other fibers, such as aramid and natural fibers, are used in niche applications for lightweighting and safety.
Thermoset resins hold the largest share as they are widely used for exterior, chassis, and powertrain components due to their mechanical strength and heat resistance. Thermoplastics are gaining adoption for recyclable and lightweight parts, particularly in EVs and interior applications.
Exterior automotive components dominate the market, including body panels, bumpers, and hoods, due to the growing need for lightweight and durable materials. Powertrain and chassis applications follow, while interior applications are increasing with thermoplastic and hybrid composite adoption.
Non-electric vehicles currently dominate the market as they constitute most of the fleet across Asia Pacific. However, electric vehicles are witnessing rapid growth, increasing demand for lightweight composites in battery enclosures, chassis, and body structures.
The market report provides a detailed analysis of the following market segments:
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1 Executive Summary |
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2 Introduction |
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2.1 Key Highlights of the Report |
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2.2 Report Description |
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2.3 Market Scope & Segmentation |
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2.4 Research Methodology |
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2.5 Assumptions |
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3 Asia Pacific Automotive Composites Market Overview |
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3.1 Asia Pacific Regional Macro Economic Indicators |
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3.2 Asia Pacific Automotive Composites Market Revenues & Volume, 2021 & 2031F |
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3.3 Asia Pacific Automotive Composites Market - Industry Life Cycle |
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3.4 Asia Pacific Automotive Composites Market - Porter's Five Forces |
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3.5 Asia Pacific Automotive Composites Market Revenues & Volume Share, By Countries, 2021 & 2031F |
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3.6 Asia Pacific Automotive Composites Market Revenues & Volume Share, By Fiber, 2021 & 2031F |
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3.7 Asia Pacific Automotive Composites Market Revenues & Volume Share, By Resin, 2021 & 2031F |
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3.8 Asia Pacific Automotive Composites Market Revenues & Volume Share, By Form, 2021 & 2031F |
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3.9 Asia Pacific Automotive Composites Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
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4 Asia Pacific Automotive Composites Market Dynamics |
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4.1 Impact Analysis |
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4.2 Market Drivers |
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4.3 Market Restraints |
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5 Asia Pacific Automotive Composites Market Trends |
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6 Asia Pacific Automotive Composites Market, 2021 - 2031 |
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6.1 Asia Pacific Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
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6.2 Asia Pacific Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
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6.3 Asia Pacific Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
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6.4 Asia Pacific Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
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7 China Automotive Composites Market, 2021 - 2031 |
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7.1 China Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
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7.2 China Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
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7.3 China Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
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7.4 China Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
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8 India Automotive Composites Market, 2021 - 2031 |
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8.1 India Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
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8.2 India Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
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8.3 India Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
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8.4 India Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
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9 Japan Automotive Composites Market, 2021 - 2031 |
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9.1 Japan Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
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9.2 Japan Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
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9.3 Japan Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
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9.4 Japan Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
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10 Australia Automotive Composites Market, 2021 - 2031 |
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10.1 Australia Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
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10.2 Australia Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
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10.3 Australia Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
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10.4 Australia Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
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11 Indonesia Automotive Composites Market, 2021 - 2031 |
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11.1 Indonesia Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
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11.2 Indonesia Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
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11.3 Indonesia Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
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11.4 Indonesia Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
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12 Philippines Automotive Composites Market, 2021 - 2031 |
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12.1 Philippines Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
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12.2 Philippines Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
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12.3 Philippines Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
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12.4 Philippines Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
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13 Malaysia Automotive Composites Market, 2021 - 2031 |
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13.1 Malaysia Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
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13.2 Malaysia Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
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13.3 Malaysia Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
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13.4 Malaysia Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
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14 Rest of Asia Automotive Composites Market, 2021 - 2031 |
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14.1 Rest of Asia Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
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14.2 Rest of Asia Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
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14.3 Rest of Asia Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
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14.4 Rest of Asia Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
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11 Asia Pacific Automotive Composites Market Key Performance Indicators |
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12 Asia Pacific Automotive Composites Market - Opportunity Assessment |
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12.1 Asia Pacific Automotive Composites Market Opportunity Assessment, By Countries, 2021 & 2031F |
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12.2 Asia Pacific Automotive Composites Market Opportunity Assessment, By Fiber, 2021 & 2031F |
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12.3 Asia Pacific Automotive Composites Market Opportunity Assessment, By Resin, 2021 & 2031F |
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12.4 Asia Pacific Automotive Composites Market Opportunity Assessment, By Application, 2021 & 2031F |
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12.5 Asia Pacific Automotive Composites Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
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13 Asia Pacific Automotive Composites Market - Competitive Landscape |
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13.1 Asia Pacific Automotive Composites Market Revenue Share, By Companies, 2024 |
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13.2 Asia Pacific Automotive Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
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14 Company Profiles |
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15 Recommendations |
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16 Disclaimer |