Australia Automotive Composites Market Report and Forecast 2025-2034

Australia Automotive Composites Market Report and Forecast 2025-2034

Market Outlook

According to the report by Expert Market Research (EMR), the Australia automotive composites market size reached a value of nearly USD 89.27 million in 2024. Aided by the increasing demand for lightweight and fuel-efficient vehicles, coupled with advancements in composite material technology, the market is projected to grow at a CAGR of 6% between 2025 and 2034 to reach a value of around USD 159.92 million by 2034.

Automotive composites are high-performance materials that combine different elements to provide superior strength, durability, and lightweight properties compared to traditional metals. These materials are widely used in vehicle manufacturing, enhancing fuel efficiency, reducing emissions, and improving overall vehicle performance. The growing emphasis on sustainability and stringent emission regulations have accelerated the adoption of automotive composites across the Australian automotive industry.

The Australia automotive composites demand growth is primarily driven by the increasing focus on electric vehicles (EVs) and the need for improved vehicle efficiency. The Australian government’s initiatives to promote EV adoption, coupled with the rising fuel prices, have encouraged automobile manufacturers to incorporate lightweight composite materials to enhance battery range and reduce energy consumption. The high strength-to-weight ratio of composites makes them an ideal choice for modern automotive applications, further driving the market growth.

Additionally, the expanding applications of composite materials in vehicle body structures, interiors, and under-the-hood components are contributing to market expansion. Carbon fibre composites, glass fibre composites, and natural fibre composites are being extensively used to enhance structural integrity while maintaining lightweight characteristics. The ongoing research and development activities to enhance composite material properties, such as impact resistance and thermal stability, are expected to support the Australia automotive composites market development over the forecast period.

The development of next-generation composite materials with improved thermal resistance, impact resistance, and structural integrity is a key trend in the market. Innovations in carbon fibre-reinforced polymers (CFRP), glass fibre-reinforced plastics (GFRP), and hybrid composites are helping automakers design lighter yet stronger vehicle components. These advancements enable manufacturers to meet stringent safety standards while reducing vehicle weight, hence improving fuel efficiency and overall performance. This is creating a favourable Australia automotive composites market outlook.

A rising trend in the market is the integration of smart composites equipped with sensors and nanotechnology. These materials allow for real-time monitoring of structural health, stress levels, and temperature fluctuations in vehicle components. Smart composites enhance vehicle safety by detecting damage early, reducing maintenance costs, and improving longevity. This technology is particularly beneficial for electric and autonomous vehicles, where real-time diagnostics are crucial. This is one of the key Australia automotive composites market trends.

3D printing technology is revolutionising the production of automotive composites, allowing for customised, lightweight, and complex designs with minimal material wastage. The adoption of additive manufacturing is enabling manufacturers to reduce production costs, enhance design flexibility, and speed up prototyping processes. This trend is expected to accelerate, especially for small-batch production and high-performance vehicle components. This can increase the Australia automotive composites market revenue in the coming years.

Recycling of composite materials is a growing focus area, with circular economy initiatives encouraging manufacturers to develop closed-loop recycling systems. Companies are exploring ways to reprocess and reuse composite waste generated during production, reducing dependence on virgin raw materials. The automotive industry is actively investing in composite recycling technologies to improve sustainability and reduce environmental impact. This is favourably shaping the Australia automotive composites market dynamics.

The Australia automotive composites market value is poised for a significant surge in the coming years, driven by the rising demand for fuel-efficient and lightweight vehicles, advancements in material science, and the increasing adoption of electric vehicles. Government initiatives supporting green mobility and sustainable material usage are further expected to boost the market expansion. Additionally, continuous innovation and investment in advanced composite technologies will be key factors influencing the market's trajectory over the forecast period.

Market Segmentation

The market can be divided based on resin type, manufacturing process, fibre type, vehicle type, application, and region.

Market Breakup by Resin Type

• PP Composites
• PBT Composites
• Others

Market Breakup by Manufacturing Process

• Compression Moulding
• Injection Moulding
• Resin Transfer Moulding
• Sheet Moulding

Market Breakup by Fibre Type

• Glass Fibre Composites
• Aramid Fibre Composites
• Carbon Fibre Composites
• Natural Fibre Composites

Market Breakup by Vehicle Type

• Passenger Cars
• LCVs
• HCVs

Market Breakup by Application

• Interior
• Exterior
• Power Chain System
• Chassis
• Engine Components
• Others

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Australia automotive composites market. Some of the major players explored in the report by Expert Market Research are as follows:

• Exel Composites Plc
• Craft Fibreglass Composites Pty Ltd.
• Mitsubishi Chemical Carbon Fiber and Composites, Inc.
• Quickstep
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.