Australia Automotive Glass Fibre Composites Market Report and Forecast 2025-2034

Australia Automotive Glass Fibre Composites Market Report and Forecast 2025-2034

Market Outlook

According to the report by Expert Market Research (EMR), the Australia automotive glass fibre composites market size reached a value of nearly USD 158.15 million in 2024. Aided by the growing demand for lightweight and fuel-efficient vehicles and the increasing applications of glass fibre composites in the automotive industry, the market is projected to grow at a CAGR of 3.70% between 2025 and 2034 to reach a value of around USD 228.2 million by 2034.

Glass fibre composites are widely utilised in the automotive sector due to their lightweight nature, high strength, and excellent corrosion resistance properties. These materials are extensively used in vehicle components such as body panels, bumpers, hoods, and interior parts, contributing to improved fuel efficiency and overall vehicle performance.

The rising emphasis on reducing vehicle weight to enhance fuel efficiency and lower carbon emissions is a key factor driving the Australia automotive glass fibre composites market growth. With stringent government regulations aimed at minimising vehicular emissions, manufacturers are increasingly adopting lightweight materials such as glass fibre composites to meet sustainability targets. The shift towards electric vehicles (EVs) is further propelling the demand for these composites, as reducing weight is crucial for enhancing battery efficiency and driving range.

Additionally, the growing focus on durability and safety in vehicle manufacturing is boosting the Australia glass fibre composites demand growth. Their high impact resistance and ability to withstand extreme environmental conditions make them ideal for automotive applications, improving vehicle longevity and reducing maintenance costs. As automakers continue to invest in advanced materials, the market for glass fibre composites is expected to witness sustained growth.

Glass mat thermoplastics and sheet moulding compounds are among the most used glass fibre composites in automotive applications due to their excellent strength-to-weight ratio and ease of manufacturing. The rising demand for thermoset composites, particularly in high-performance vehicle components, is further contributing to the Australia automotive glass fibre composites market expansion.

The passenger vehicle segment leads the market due to the rising demand for fuel-efficient cars and the increasing incorporation of composite materials in luxury and mid-range vehicles. The electric vehicle sector is witnessing rapid growth, further boosting the demand for glass fibre composites as automakers focus on weight reduction and performance optimisation.

Exterior components hold a major portion of the Australia automotive glass fibre composites market share, driven by the increasing adoption of lightweight body panels and bumpers. Interior components also represent a significant segment, with manufacturers focusing on enhancing comfort, aesthetics, and safety using glass fibre composites.

One of the major trends driving the market growth is the shift towards sustainable and recyclable composite materials. With increasing environmental concerns and government regulations promoting sustainability, manufacturers are focusing on developing eco-friendly glass fibre composites that reduce carbon footprints while maintaining high performance. This is accelerating the Australia automotive glass fibre composites market development.

Another significant trend is the adoption of advanced manufacturing techniques such as automated fibre placement (AFP) and resin transfer moulding (RTM). These technologies enhance production efficiency, reduce costs, and improve the mechanical properties of glass fibre composites, making them more attractive for automotive applications. This is creating a favourable Australia automotive glass fibre composites market outlook.

Furthermore, the growing demand for high-performance vehicles, including sports cars and luxury automobiles, is contributing to the increased adoption of glass fibre composites. These materials offer superior design flexibility, allowing manufacturers to create lightweight yet durable vehicle structures that enhance aerodynamics and fuel efficiency.

The Australia automotive glass fibre composites market value is poised for steady expansion, driven by the rising demand for lightweight materials, the increasing adoption of electric vehicles, and advancements in composite manufacturing. As sustainability becomes a key focus in the automotive sector, the demand for eco-friendly and recyclable glass fibre composites is expected to grow, shaping the future of the market.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

• Short Fibre Thermoplastic
• Long Fibre Thermoplastic
• Continuous Fibre Thermoplastic
• Others

Market Breakup by Application

• Interior
• Exterior
• Power-train Components
• Structural Assembly

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 glass fibre composites market. Some of the major players explored in the report by Expert Market Research are as follows:

• ATL Composites
• Australian Fibreglass Composites Pty.Ltd.
• Topstage Composites Pty Ltd.
• Composite Materials Engineering Pty Ltd.
• Craft Fibreglass Composites
• 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.