Automotive Composites Market
By Fiber Type;
Glass Fiber, Carbon Fiber and OthersBy Resin Type;
Thermoset and ThermoplasticBy Application;
Exterior, Interior and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Automotive Composites Market Overview
Automotive Composites Market (USD Million)
Automotive Composites Market was valued at USD 13,932.85 million in the year 2024. The size of this market is expected to increase to USD 28,926.83 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.0%.
Automotive Composites Market
*Market size in USD million
CAGR 11.0 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 11.0 % |
| Market Size (2024) | USD 13,932.85 Million |
| Market Size (2031) | USD 28,926.83 Million |
| Market Concentration | Low |
| Report Pages | 389 |
Major Players
- Toray Industries, Inc.
- SGL Group
- Solvay S.A.
- UFP Technologies, Inc.
- Koninklijke Ten Cate B.V.
- Gurit
- Toho Tenax Co. Ltd.
- Mitsubishi Chemical Corporation
- Plasan Carbon Composites
- Continental Structural Plastics Inc.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Automotive Composites Market
Fragmented - Highly competitive market without dominant players
The automotive composites market is expanding as manufacturers prioritize lightweight solutions to meet emission standards and efficiency goals. Composites help lower vehicle mass without compromising performance. More than 30% of newly launched vehicles feature composite parts in various structural and decorative elements, highlighting a clear industry shift.
Elevated Standards for Safety and Functionality
Modern composites enhance impact resistance, structural integrity, and thermal resilience, making them vital for advanced safety systems. Their inclusion in vehicle bodies contributes directly to occupant protection. About 25% of improvements in safety features now stem from the integration of composites into design frameworks.
Rise of Composites in Electric Mobility
The growth of EVs is boosting the demand for high-strength, lightweight materials to extend range and reduce power consumption. Currently, around 35% of electric vehicle components are manufactured using composites, enabling efficient weight reduction while maintaining durability and strength.
Efficiency through Advanced Production Technologies
Emerging automated production techniques are revolutionizing how composites are fabricated, improving throughput and consistency. Technologies such as automated lay-up and high-speed curing have cut manufacturing time by 20%, making large-scale composite integration viable and cost-efficient across various vehicle segments.
Automotive Composites Market Key Takeaways
-
Lightweighting Imperative Automakers are increasingly adopting composite materials to reduce vehicle weight, boost fuel efficiency and support electrification strategies.
-
Electrified Vehicle Growth The rise of electric and hybrid vehicles is accelerating demand for composites, as manufacturers seek to offset heavy battery systems and enhance vehicle range.
-
Glass Fibre Leads While Carbon Fibre Rises Glass-fibre composites remain the dominant material due to cost-effectiveness, while carbon-fibre composites are gaining traction in high-end and performance segments.
-
Exterior and Structural Applications Expanding Composite usage in body panels, chassis components and under-body systems is increasing as engineers exploit design freedom and corrosion-resistance benefits.
-
Asia-Pacific Growth Engine The region holds the largest market share and is the fastest growing—driven by rising vehicle production, manufacturing investment and stricter emissions regulations.
-
Sustainability & Recyclability Focus New developments in thermoplastic composites, bio-based fibres and recycling technologies are addressing the sustainability and end-of-life challenges for composites in automotive use.
-
Cost & Manufacturing Barriers Despite strong demand drivers, higher material costs, complex processing and challenges in high-volume production continue to restrain broader composite adoption across mass-market vehicles.
Automotive Composites Market Recent Developments
-
In June 2025, Westlake Epoxy partnered with Alpha Recyclage Composites to scale up production of recycled carbon fiber composites, targeting 1,000 metric tons/year to enhance circular automotive component manufacturing.
-
In February 2025, Toray Industries debuted its next-gen additive manufacturing composite materials, spotlighting lightweight, high-performance solutions for improved vehicle efficiency.
Automotive Composites Market Segment Analysis
In this report, the Automotive Composites Market has been segmented by Fiber Type, Resin Type, Application and Geography.
Automotive Composites Market, Segmentation by Fiber Type
The Fiber Type axis distinguishes how structural performance, cost profiles, and processing strategies shape demand across the value chain. Vendors emphasize lightweighting, fuel-efficiency, and electrification targets, aligning fiber selection with OEM platform roadmaps and regulatory emissions thresholds. Competitive dynamics hinge on supply security, recyclability initiatives, and partnerships with fabric weavers, preform suppliers, and Tier-1 integrators to accelerate design-for-manufacture and reduce cycle times.
Glass FiberGlass fiber remains a cost-efficient choice for semi-structural and Class-A adjacent parts where balanced stiffness-to-price is critical. It benefits from mature processing routes (e.g., SMC, BMC, LFT) and broad global availability, supporting high-volume exterior and interior applications. Strategy focus includes improved fiber sizing for adhesion, optimized flow for complex geometries, and collaborations with resin producers to unlock thinner-wall, cycle-time-competitive components.
Carbon FiberCarbon fiber targets high-performance structural modules, enabling substantial mass reduction and improved range in EV platforms. While procurement cost and cycle-time constraints are key challenges, investments in intermediate-modulus grades, rapid-cure resins, and automation (preforming, AFP/ATL) are expanding feasible use cases. Partnerships across OEMs, fiber makers, and Tier-1s aim to industrialize rates without compromising crashworthiness and repairability, supporting long-term platform standardization.
OthersThe Others category includes hybrid and alternative reinforcements (e.g., aramid, natural fibers) positioned for NVH tuning, abrasion resistance, and sustainability narratives. Suppliers leverage bio-based content, recyclability programs, and niche performance attributes to differentiate in interior trims and selected semi-structural parts. Future outlook centers on validating durability over full vehicle lifecycles and aligning with OEM ESG commitments to secure broader specification.
Automotive Composites Market, Segmentation by Resin Type
Resin Type selection dictates processing windows, tooling investments, and end-use performance under thermal and chemical exposure. Market participants balance cycle-time targets with toughness, adhesion, and surface quality to meet stringent OEM specifications. Ecosystem collaboration focuses on snap-cure chemistries, recyclability pathways, and compatibility with automated layup and compression-molding cells to scale production while maintaining quality yields.
ThermosetThermoset systems (e.g., epoxy, polyester, vinyl ester) are established in SMC, RTM, and infusion routes, delivering strong dimensional stability and surface finish for exterior panels and structural inserts. Innovations in fast-cure chemistries and low-profile additives support higher takt times and reduced scrap. Key strategies include closed-loop material tracking, in-line cure monitoring, and supplier–OEM co-development to validate crash and durability requirements across multi-plant rollouts.
ThermoplasticThermoplastic composites (e.g., PP, PA, PEEK/PEKK matrices) enable recyclability, weldability, and rapid thermoforming, aligning with modular assemblies and EV lightweighting. Growth is supported by tape- and organosheet-based overmolding, allowing functional integration and cycle-time advantages in high-volume components. Partnerships target improved fiber–matrix adhesion, elevated heat resistance, and automation-friendly preforming to extend use into structural sub-systems while simplifying end-of-life recovery.
Automotive Composites Market, Segmentation by Application
The Application axis maps composites to their functional roles inside the vehicle, balancing cost, mass, and regulatory compliance. Suppliers tailor fiber/resin stacks to meet crash, NVH, and thermal performance, while OEMs push for scalable manufacturing and global sourcing. Future growth depends on integrating design-for-assembly, validated repair protocols, and digital twins that compress development cycles and improve first-time-right rates.
ExteriorExterior components (body panels, bumpers, closures) benefit from high stiffness-to-weight and superior surface finish, enabling styling freedom and corrosion resistance. Rapid-cure SMC, RTM, and organosheet overmolding support competitive cycle times with Class-A quality. Strategies emphasize paint compatibility, stone-chip resistance, and repairability standards to ensure durability across climates and duty cycles.
InteriorInterior applications prioritize tactile quality, NVH control, and occupant safety while reducing mass through thin-wall designs and functional integration. LFT and hybrid layups enable clips, carriers, and trim with fewer parts and faster assembly. Suppliers highlight sustainability via recycled fibers and bio-based resins, aligning with OEM ESG targets and circularity roadmaps for cabin materials.
OthersThe Others segment covers under-the-hood and niche modules where heat, chemical exposure, and fatigue resistance are critical. Adoption depends on validated long-term durability, flame/smoke performance, and compatibility with existing joining methods. Growth opportunities arise from electrified platforms seeking thermal management improvements, integrated shielding, and consolidation of metal parts into multi-function composite structures.
Automotive Composites Market, Segmentation by Geography
In this report, the Automotive Composites Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America leverages mature supply chains, advanced automation, and strong OEM–Tier partnerships to scale composite adoption in trucks, SUVs, and EVs. Key drivers include lightweighting for range extension, corrosion resistance for harsh climates, and validated repairability protocols. Challenges revolve around cost competitiveness versus aluminum and steel, addressed through design standardization and higher-rate molding technologies.
EuropeEurope benefits from stringent emissions policies, deep materials science expertise, and premium segment platforms that justify higher performance composites. Suppliers focus on recyclability, closed-loop scrap recovery, and rapid-cure systems to meet takt targets. Collaboration across automakers, tiered suppliers, and institutes accelerates process innovation and broadens structural use cases while ensuring compliance with evolving circularity frameworks.
Asia PacificAsia Pacific combines high-volume manufacturing with rapid EV adoption, encouraging scaled deployment of thermoplastic routes and integrated overmolding solutions. Regional drivers include localized raw material supply, competitive labor, and government support for electrification. Strategic priorities include building tooling capacity, enhancing quality assurance, and aligning with OEM platforms to capture multi-country production footprints.
Middle East & AfricaMiddle East & Africa is emerging with targeted investments in specialty vehicles and industrial fleets, where composites offer corrosion resistance and lifecycle benefits. Supply chain challenges such as limited local fiber production are mitigated via imports and joint ventures. Future growth depends on skills development, incentives for industrialization, and integration into global OEM sourcing networks.
Latin AmericaLatin America presents opportunities in regional assembly hubs and aftermarket components seeking weight reduction and durability. Market participants prioritize cost-effective glass fiber systems, while pilot programs test thermoplastic solutions for faster cycles. Long-term outlook hinges on stable policy environments, logistics optimization, and partnerships that localize materials and tooling to improve competitiveness.
Automotive Composites Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Automotive Composites Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Stringent Emission Regulations
- Increasing Demand for Fuel-Efficient Vehicles
-
Advancements in Composite Manufacturing Technologies - Advancements in composite manufacturing technologies are playing a pivotal role in driving the growth of the automotive composites market. Innovations such as automated fiber placement, resin transfer molding, 3D printing, and high-pressure RTM have significantly improved the efficiency, scalability, and affordability of composite production. These advancements allow for more consistent quality, faster cycle times, and greater design flexibility—making composites more attractive for both structural and non-structural automotive applications.
With automakers striving to enhance fuel efficiency and reduce vehicle weight, advanced manufacturing technologies enable the cost-effective production of lightweight, high-strength components like body panels, chassis parts, and battery enclosures. Furthermore, improved tooling and simulation software have made it easier to integrate composites into mass production. As these technologies continue to evolve, they are expected to reduce barriers related to cost and complexity, accelerating the adoption of composites across mainstream vehicle platforms and driving sustained market expansion.
Restraints
- Complex Manufacturing Processes
- Recycling and Disposal Challenges
-
Limited Awareness and Expertise - Limited awareness and expertise present a major challenge to the growth of the automotive composites market. Despite the well-documented benefits of composites—such as lightweight strength, corrosion resistance, and fuel efficiency—many automotive manufacturers and suppliers still lack the technical knowledge and experience needed to design, process, and integrate these materials effectively. This knowledge gap often results in hesitation or slow adoption, especially among small and mid-sized OEMs that may not have access to specialized training or design tools.
Additionally, composites require a different engineering approach compared to traditional metals, including custom tooling, specialized testing methods, and material behavior modeling. Without adequate expertise, automakers may face issues with quality control, production consistency, or performance validation—leading to delays or cost overruns. Expanding industry-wide education, skill development, and collaboration between material scientists and automotive engineers will be essential to overcoming this restraint and unlocking the full potential of composite materials in the automotive sector.
Opportunities
- Development of Bio-Based Composites
- Innovations in Recycling Technologies
-
Expansion in Emerging Market - Expansion in emerging markets presents a substantial opportunity for growth in the automotive composites market. As developing economies experience rapid industrialization, urbanization, and rising disposable incomes, the demand for vehicles—particularly fuel-efficient and lightweight models—is increasing significantly. This creates a fertile ground for the adoption of composite materials, which offer performance advantages such as weight reduction, durability, and energy efficiency.
Governments in regions such as Asia-Pacific, Latin America, and the Middle East are actively supporting automotive manufacturing through policy incentives, foreign direct investment, and infrastructure development. These initiatives encourage automakers and tier suppliers to establish local production facilities and adopt advanced materials like composites to meet growing regulatory and consumer demands. As a result, the integration of composites into regional supply chains is expected to accelerate.
Moreover, the growing focus on emission reduction and sustainable mobility in emerging economies aligns well with the advantages offered by composites. Vehicles built with lightweight components consume less fuel and generate fewer emissions, helping manufacturers comply with evolving environmental standards. This alignment opens new market potential for composite suppliers targeting countries investing in greener transportation solutions.
As global players look to diversify markets and reduce dependency on saturated regions, expanding operations in emerging economies offers both short-term revenue gains and long-term strategic advantage. Companies that invest early in market education, technical support, and localized production will be better positioned to capture the rising demand for advanced automotive materials in these fast-developing regions.
Automotive Composites Market Competitive Landscape Analysis
Automotive Composites Market is defined by strong competition among established material suppliers and automotive OEMs, accounting for nearly 60% of the market share. Companies adopt strategies such as partnerships, product diversification, and targeted expansion to enhance market penetration. Continuous innovation in lightweight composites supports sustainable growth and reinforces competitive positions across global automotive supply chains.
Market Structure and Concentration
The market demonstrates moderate concentration, with top players holding about 45% of production. Smaller manufacturers compete through specialized solutions and niche applications. Industry competition is shaped by merger activities, strategic collaboration, and vertical integration, as companies implement effective strategies to reduce costs and ensure consistent growth across vehicle segments.
Brand and Channel Strategies
More than 55% of sales are supported by long-term supply agreements with automotive OEMs. Leading brands focus on strategies that highlight performance, durability, and sustainability. Distribution networks combine direct supply chains with dealer-based approaches, while partnerships with Tier-1 suppliers and aftermarket providers strengthen expansion and promote customer loyalty through brand-driven innovation.
Innovation Drivers and Technological Advancements
Over 50% of recent advancements emphasize thermoplastic composites, recyclable materials, and automated production technologies. Collaborative R&D partnerships with automakers accelerate innovation in high-performance composites. Investments in technological advancements such as resin transfer molding and 3D printing enable cost-efficient solutions, ensuring sustained growth and differentiation in the competitive automotive materials sector.
Regional Momentum and Expansion
Europe accounts for nearly 35% of demand, supported by strict regulatory frameworks and high adoption of lightweight materials. Asia-Pacific demonstrates more than 40% growth, driven by rising vehicle production and technological upgrades. Regional strategies include joint ventures, localized partnerships, and targeted expansion, ensuring competitive advantage across fast-growing automotive hubs.
Future Outlook
The future outlook highlights rising adoption of sustainable and high-strength composites, expected to contribute to over 65% preference across automotive applications. Strategic merger initiatives, continued R&D innovation, and global partnerships will shape industry transformation. Long-term strategies focused on electrification, fuel efficiency, and lightweighting will drive consistent growth in the automotive composites market.
Key players in Automotive Composites Market include:
- Toray Industries
- SGL Carbon SE
- Teijin Limited
- Hexcel Corporation
- Mitsubishi Chemical (Carbon Fiber & Composites division)
- Solvay
- Owens Corning
- Gurit Holding
- TenCate Advanced Composites
- Huntsman Corporation
- Piran Advanced Composites
- ElringKlinger
- Plasan Carbon Composites
- IDI Composites International
- EPIC Composites
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Fiber Type
- Market Snapshot, By Resin Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Automotive Composites Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Stringent Emission Regulations
- Increasing Demand for Fuel-Efficient Vehicles
- Advancements in Composite Manufacturing Technologies
- Restraints
- Complex Manufacturing Processes
- Recycling and Disposal Challenges
- Limited Awareness and Expertise
- Opportunities
- Development of Bio-Based Composites
- Innovations in Recycling Technologies
- Expansion in Emerging Market
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Automotive Composites Market, By Fiber Type, 2021 - 2031 (USD Million)
- Glass Fiber
- Carbon Fiber
- Others
- Automotive Composites Market, By Resin Type, 2021 - 2031 (USD Million)
- Thermoset
- Thermoplastic
- Automotive Composites Market, By Application, 2021 - 2031 (USD Million)
- Exterior
- Interior
- Others
- Automotive Composites Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Automotive Composites Market, By Fiber Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Toray Industries
- SGL Carbon SE
- Teijin Limited
- Hexcel Corporation
- Mitsubishi Chemical (Carbon Fiber & Composites division)
- Solvay
- Owens Corning
- Gurit Holding
- TenCate Advanced Composites
- Huntsman Corporation
- Piran Advanced Composites
- ElringKlinger
- Plasan Carbon Composites
- IDI Composites International
- EPIC Composites
- Company Profiles
- Analyst Views
- Future Outlook of the Market

