| Product Code: ETC13408467 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Automotive Composites Market was valued at USD 9.1 Billion in 2024 and is expected to reach USD 14.1 Billion by 2031, growing at a compound annual growth rate of 5.70% during the forecast period (2025-2031).
The Global Automotive Composites Market is witnessing significant growth driven by the increasing demand for lightweight materials to improve fuel efficiency and reduce emissions in vehicles. Composites such as carbon fiber, glass fiber, and aramid fiber are being increasingly adopted in automotive manufacturing to enhance strength, durability, and corrosion resistance while reducing overall weight. The market is also propelled by stringent government regulations on vehicle emissions and safety standards, which are encouraging automakers to incorporate advanced materials in their vehicles. Additionally, the growing trend of electric and hybrid vehicles is further boosting the demand for automotive composites due to their ability to improve energy efficiency and enhance performance. Key players in the market include Toray Industries, SGL Group, Teijin Limited, and Hexcel Corporation.
The Global Automotive Composites Market is experiencing a surge in demand due to the growing emphasis on lightweight and fuel-efficient vehicles to meet strict emission regulations. Carbon fiber composites are gaining popularity in high-performance vehicles, while glass fiber composites are widely used in mainstream automobiles. The increasing adoption of electric vehicles is also driving the demand for composites as they help in extending the driving range. Opportunities lie in the development of advanced composite materials with improved strength, durability, and cost-effectiveness. Additionally, the shift towards sustainable and eco-friendly materials presents a promising avenue for growth in the automotive composites market, with manufacturers focusing on recycling and bio-based composites to reduce environmental impact in the industry.
The Global Automotive Composites Market faces several challenges, including high production costs compared to traditional materials like steel and aluminum, limited availability of raw materials, and concerns about recyclability and sustainability. Additionally, the complex manufacturing processes required for composites can lead to longer production times and potential quality control issues. Moreover, the need for specialized training and equipment for working with composites presents a challenge for manufacturers looking to integrate these materials into their production processes. Despite the numerous advantages of automotive composites such as lightweighting, strength, and design flexibility, addressing these challenges will be crucial for the widespread adoption of composites in the automotive industry.
The Global Automotive Composites Market is primarily driven by the increasing emphasis on lightweight and fuel-efficient vehicles to meet stringent emission regulations. Automakers are increasingly incorporating composite materials such as carbon fiber, glass fiber, and aramid fiber in vehicle components to reduce weight, improve fuel efficiency, and enhance overall performance. Additionally, the growing demand for electric vehicles (EVs) is further boosting the market, as composites play a crucial role in enhancing the range and battery efficiency of EVs. Moreover, the rising trend of vehicle customization and the shift towards electric and autonomous vehicles are also driving the adoption of automotive composites globally. Manufacturers are investing in research and development to innovate new composite materials and manufacturing processes to cater to the evolving automotive industry requirements.
Government policies related to the Global Automotive Composites Market vary by country and region, but generally focus on promoting the use of lightweight materials to enhance fuel efficiency and reduce emissions in vehicles. Many governments offer incentives, subsidies, and regulations to encourage the adoption of automotive composites, which are lighter and stronger than traditional materials like steel. Policies may include emission standards, fuel efficiency regulations, tax credits for manufacturers using composites, and support for research and development in the composites industry. Additionally, some governments are investing in infrastructure and training programs to support the growth of the automotive composites market and promote sustainability in the transportation sector. Overall, government policies play a significant role in shaping the demand and adoption of automotive composites globally.
The Global Automotive Composites Market is expected to witness significant growth in the coming years, driven by increasing demand for lightweight and fuel-efficient vehicles, stringent emission regulations, and the shift towards electric vehicles. The market is projected to expand as automotive manufacturers adopt composites to reduce vehicle weight, enhance performance, and improve fuel efficiency. Additionally, advancements in composite materials technology, such as carbon fiber reinforced polymers, are expected to further drive market growth. However, challenges related to high production costs and recycling issues may hinder the market`s growth to some extent. Overall, the Global Automotive Composites Market is poised for steady growth, with opportunities for innovation and technological advancements shaping the industry`s future landscape.
The Global Automotive Composites Market shows varying regional dynamics. In Asia, the market is driven by the increasing production of vehicles in countries like China and India, along with the growing adoption of lightweight materials for fuel efficiency. North America leads in innovation and technological advancements in automotive composites, with a focus on sustainability and reducing greenhouse gas emissions. Europe is a prominent market with stringent regulations on emission control, pushing automakers to invest in lightweight composites for better performance. In the Middle East and Africa, the market growth is driven by the expansion of the automotive industry and a shift towards electric vehicles. Latin America shows potential for growth with increasing investments in automotive manufacturing and a rising demand for composites to improve vehicle performance and fuel efficiency.
Global Automotive Composites Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Automotive Composites Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Automotive Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Global Automotive Composites Market - Industry Life Cycle |
3.4 Global Automotive Composites Market - Porter's Five Forces |
3.5 Global Automotive Composites Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Automotive Composites Market Revenues & Volume Share, By Fiber, 2021 & 2031F |
3.7 Global Automotive Composites Market Revenues & Volume Share, By Resin, 2021 & 2031F |
3.8 Global Automotive Composites Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Automotive Composites Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 Global Automotive Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Automotive Composites Market Trends |
6 Global Automotive Composites Market, 2021 - 2031 |
6.1 Global Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Automotive Composites Market, Revenues & Volume, By Glass, 2021 - 2031 |
6.1.3 Global Automotive Composites Market, Revenues & Volume, By Carbon, 2021 - 2031 |
6.1.4 Global Automotive Composites Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Automotive Composites Market, Revenues & Volume, By Thermoset, 2021 - 2031 |
6.2.3 Global Automotive Composites Market, Revenues & Volume, By Thermoplastic, 2021 - 2031 |
6.3 Global Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Automotive Composites Market, Revenues & Volume, By Interior, 2021 - 2031 |
6.3.3 Global Automotive Composites Market, Revenues & Volume, By Exterior, 2021 - 2031 |
6.3.4 Global Automotive Composites Market, Revenues & Volume, By Powertrain, 2021 - 2031 |
6.3.5 Global Automotive Composites Market, Revenues & Volume, By Chassis, 2021 - 2031 |
6.4 Global Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Automotive Composites Market, Revenues & Volume, By Non-electric, 2021 - 2031 |
6.4.3 Global Automotive Composites Market, Revenues & Volume, By Electric, 2021 - 2031 |
7 North America Automotive Composites Market, Overview & Analysis |
7.1 North America Automotive Composites Market Revenues & Volume, 2021 - 2031 |
7.2 North America Automotive Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
7.4 North America Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
7.5 North America Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
8 Latin America (LATAM) Automotive Composites Market, Overview & Analysis |
8.1 Latin America (LATAM) Automotive Composites Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Automotive Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
8.4 Latin America (LATAM) Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
8.5 Latin America (LATAM) Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
9 Asia Automotive Composites Market, Overview & Analysis |
9.1 Asia Automotive Composites Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Automotive Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
9.4 Asia Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
9.5 Asia Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
10 Africa Automotive Composites Market, Overview & Analysis |
10.1 Africa Automotive Composites Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Automotive Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
10.4 Africa Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
10.5 Africa Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
11 Europe Automotive Composites Market, Overview & Analysis |
11.1 Europe Automotive Composites Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Automotive Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
11.4 Europe Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
11.5 Europe Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
12 Middle East Automotive Composites Market, Overview & Analysis |
12.1 Middle East Automotive Composites Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Automotive Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Automotive Composites Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Automotive Composites Market, Revenues & Volume, By Fiber, 2021 - 2031 |
12.4 Middle East Automotive Composites Market, Revenues & Volume, By Resin, 2021 - 2031 |
12.5 Middle East Automotive Composites Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Automotive Composites Market, Revenues & Volume, By Vehicle, 2021 - 2031 |
13 Global Automotive Composites Market Key Performance Indicators |
14 Global Automotive Composites Market - Export/Import By Countries Assessment |
15 Global Automotive Composites Market - Opportunity Assessment |
15.1 Global Automotive Composites Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Automotive Composites Market Opportunity Assessment, By Fiber, 2021 & 2031F |
15.3 Global Automotive Composites Market Opportunity Assessment, By Resin, 2021 & 2031F |
15.4 Global Automotive Composites Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Automotive Composites Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
16 Global Automotive Composites Market - Competitive Landscape |
16.1 Global Automotive Composites Market Revenue Share, By Companies, 2024 |
16.2 Global Automotive Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |