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Automotive Composites Market Forecast: Value Set To Climb From $9.88 Billion To $14.23 Billion
The automotive composites market size has grown rapidly in recent years. It will grow from $8.95 billion in 2025 to $9.89 billion in 2026 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to fuel efficiency regulations, demand for lightweight vehicles, performance enhancement needs, glass fiber adoption, composite manufacturing expansion.
The automotive composites market size is expected to see strong growth in the next few years. It will grow to $14.23 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to ev production growth, battery range optimization, recyclable composite innovation, high-strength material demand, advanced molding technologies. Major trends in the forecast period include increasing use of lightweight materials, growth of carbon fiber adoption, expansion of structural composite applications, adoption of sustainable composites, integration in ev platforms.
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Automotive Composites Market Demand Drivers: What’s Powering Industry Growth?
The increasing demand for lightweight and fuel-efficient vehicles is expected to propel the growth of the automotive composites market going forward. Lightweight and fuel-efficient vehicles refer to automobiles designed to minimize overall weight through materials such as composites and alloys, aiming to reduce fuel consumption and emissions while improving performance. The rising adoption of lightweight and fuel-efficient vehicles is driven by regulatory pressures for lower emissions, consumer demand for improved fuel economy, and advancements in materials technology enabling lighter yet stronger vehicle components. Automotive composites are used to replace traditional materials such as steel, reducing vehicle weight and improving fuel efficiency through their high strength-to-weight ratio and design flexibility. For instance, in June 2024, according to the Bureau of Economic Analysis, a US-based government agency, the sales of lightweight vehicles, encompassing automobiles and light trucks, surged from 13.5 million units in December 2022 to 16.1 million units by December 2023 in the USA. Therefore, the increasing demand for lightweight and fuel-efficient vehicles will drive the automotive composites market.
Automotive Composites Market Segment Performance And Emerging Opportunities
The automotive composites market covered in this report is segmented –
1) By Material: Glass Fiber Composites, Natural Fiber Composites, Carbon Fiber Composites, Aramid Fiber Composites, Other Materials
2) By Resin: Thermoplastic, Thermoset
3) By Manufacturing Process: Compression Molding, Injection Molding, Resin Transfer Molding (RTM), Other Manufacturing Processes
4) By Application: Exterior, Interior, Structural And Powertrain, Other Applications
Subsegments:
1) By Glass Fiber Composites: E-Glass Composites, S-Glass Composites
2) By Natural Fiber Composites: Hemp Fiber Composites, Jute Fiber Composites, Flax Fiber Composites
3) By Carbon Fiber Composites: Continuous Carbon Fiber Composites, Short Carbon Fiber Composites
4) By Aramid Fiber Composites: Kevlar-Based Composites, Twaron-Based Composites
5) By Other Materials: Basalt Fiber Composites, PEEK Composites (Polyetheretherketone)
Automotive Composites Market Innovation Trends: What Developments Are Reshaping The Industry?
Major companies operating in the automotive composites market are focused on developing innovations such as glass fiber composite technology to enhance strength and reduce weight in vehicle manufacturing. Glass fiber composite technology refers to the use of glass fibers embedded in a resin matrix to create strong and lightweight materials for various applications, including automotive components. For instance, in June 2024, Navrattan Group, an India-based technology company, launched the E-Bus, built using composite fiber materials. Employing high-quality glass fiber composite technology merged with integrated processes, this E-Bus represents a leap forward in electric vehicle design. The use of these advanced materials results in a reduced body weight and a lower gross vehicle weight, significantly enhancing the overall efficiency of the bus.
Automotive Composites Market Key Players: Which Companies Lead Industry Competition?
Major companies operating in the automotive composites market report include BASF SE, Compagnie de Saint-Gobain S.A, Toray Industries Inc., DuPont de Nemours Inc., Owens Corning Corporation, Lanxess AG, Teijin Ltd., Solvay S.A., Avient Corporation, Johns Manville Corp., Hexcel Corporation, SGL Carbon India Private Limited, Gurit (Tianjin) Composite Material Co. Ltd., Momentive Performance Materials Inc., UFP Technologies Inc., Exel Composites plc, Mitsubishi Chemical Carbon Fiber and Composites Inc., Sigmatex Limited, Composites Evolution Ltd., Innegra Technologies LLC
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Automotive Composites Market Top Region: Where Does Most Revenue Come From?
Asia-Pacific was the largest region in the automotive composites market in 2025. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive composites market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
