Automotive Composites Market

Automotive Composites Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Segmented By Vehicle Type (ICE vehicles and Electric Vehicles), By Fiber Type (Carbon fiber, Glass fiber, Other), By Manufacturing Process (Compression, Injection, Resin Transfer), By Application (Exterior, Chassis, Powertrain, Interior), By Region and Competition


Automotive Composites market is anticipated to expand significantly through 2028 due to the growing demand for lightweight & electric vehicles (EVs). Around 550,200 electric vehicles were sold throughout Europe in the second quarter of 2022.

Composites have been widely employed in various interior and exterior vehicle components to offer significant structural and weight advantages. Automotive composites are being used increasingly by original equipment manufacturers (OEMs) and automakers worldwide with the primary goal of lowering vehicle weight and reducing carbon emissions. The market for automotive composites will experience a wave of innovation over the following years, with vehicle powertrains offering a sizable unexplored area for growth.

Rising Demand for Electric Vehicles (EVs)

Several researchers estimate that the increased expenses per kilogram of weight saved in vehicle weight reduction measures will be possible with electric automobiles. Regular IC engine-powered automobiles can only save 2-3 per kilogram of weight, whereas electric vehicles can save 7-8/kg. In their regular driving cycles, general cars use more energy when accelerating, but they may also recover more kinetic energy through braking energy recovery. A lighter vehicle body enables battery reduction while preserving range in electric cars. By allowing the shrinking of other sections like the brake system and driven train components, a lighter vehicle body and battery pack further contribute to the total weight reduction of the electric vehicle, accelerating the growth of the automotive composites market in the upcoming years.

For instance, according to recent studies, consumers spent USD 250 billion on electric vehicle purchases in 2021, a 65% increase over 2021. Furthermore, Global sales of electric cars have kept rising strongly in 2022, with 2 million sold in the first quarter, up 75% from the same period in 2021.

Growing Focus on Light Weight and Fuel-Efficient Vehicles

The vital need for lightweight components in automobile parts for greater fuel efficiency and reducing emissions to comply with EU laws propels the market for automotive composites. Comparing composites to other structural metallic materials like steel, iron, and aluminium results in weight savings of 15-20% for glass fiber composites and 25–40% for carbon fiber composites. Moreover, several public-private partnership programs have already been introduced in EU member states to boost the use of composites in the automobile industry. These activities include the creation of innovation clusters for composites and automotive lightweight materials and partnerships with the chemical and automotive sectors to support investments with supply chain studies of the automotive composites market.

According to the Environmental Protection Agency U.S., the transportation sector accounts for over 29% of greenhouse gas emissions. Agency mandate that by 2025, the average fuel economy standard must meet 54.5 miles per gallon. Therefore, the increasing demand for lightweight vehicles is gaining popularity in the automotive composites market.

Glass Fiber Will Continue to Be a Key Fiber Type

The automobile industry extensively uses glass fiber composites because of their high strength, stiffness, flexibility, and chemical resistance. With the need to reduce emissions, there has been a notable growth in the demand for lightweight materials in recent years. Glass Fibre composites are widely employed in the automobile sector since they are cheaper than carbon and natural fiber. Additionally, natural fiber composites are used in the production of vehicle body sections like the engine hood, storage tanks, and dashboards to eliminate the need for other metals like steel and aluminium and to advance the usage of bio-based materials in the sector. All these factors are anticipated to boost the market.

Recent Developments
  • In January 2022, Teijin Automotive Technologies started commercializing its new manufacturing facility in its Wujin National Hi-Tech Industrial Zone plant in China.
  • High-performance polyphthalamide (PPA) compounds manufactured for metal replacement & e-mobility introduced by Solvay with the name of Amodel Supreme in April 2021.
  • In February 2021, a lightweight carbon fiber prepreg and wood fiber composite sports car seat back are being developed by Hexcel Corporation in partnership with NaCa Systems, a manufacturer of natural fiber composite automobile interior parts, utilizing a quick press molding technique.
  • Jaguar Land Rover announced in January 2021 the development of lightweight composites to improve its vehicles' efficiency and power train structure.
Market Segmentation

Global Automotive Composites Market is segmented based on vehicle type, fiber type, manufacturing process, application, and region. Based on the vehicle type, the market is categorized into ICE vehicles and electric vehicles. Based on the fiber type, the market is fragmented into carbon fiber, glass fiber, and others. Based on the manufacturing process, the market is divided into compression, injection, and resin transfer Based on the application, the market is segmented into exterior, chassis, powertrain, and interior. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa, By Company.

Key Market Players

SGL Carbon SE, Toray Industries, Inc., Solvay S.A., UFP Technologies, Inc., Gurit Holding AG, Plasan Carbon Composites Inc, Hexcel Corporation, Magna International Inc., Huntsman International LLC., GMS Composites are some of the key players of Global Automotive Composites Market.

Report Scope:

In this report, global automotive composites market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
  • Automotive Composites Market, By Vehicle Type:
  • ICE Vehicles
  • Electric Vehicles
  • Automotive Composites Market, By Fiber Type:
  • Carbon fiber
  • Glass fiber
  • Other
  • Automotive Composites Market, By Manufacturing Process:
  • Compression
  • Injection
  • Resin Transfer
  • Automotive Composites Market, By Application:
  • Exterior
  • Chassis
  • Powertrain
  • Interior
  • Automotive Composites Market, By Region:
  • North America
  • United States
  • Mexico
  • Canada
  • Europe
  • France
  • Germany
  • United Kingdom
  • Spain
  • Italy
  • Belgium
  • Asia-Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
Competitive landscape

Company Profiles: Detailed analysis of the major companies present in global automotive Composites market.

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights


1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Automotive Composites Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (ICE vehicles and Electric Vehicles)
5.2.2. By Fiber Type (Carbon fiber, Glass fiber, Other)
5.2.3. By Manufacturing Process (Compression, Injection, Resin Transfer)
5.2.4. By Application (Exterior, Chassis, Powertrain, Interior)
5.2.5. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
5.2.6. By Company (2022)
5.3. Market Map
5.3.1. By Vehicle Type
5.3.2. By Fiber Type
5.3.3. By Manufacturing Process
5.3.4. By Application
5.3.5. By Region
6. North America Automotive Composites Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Fiber Type
6.2.3. By Manufacturing Process
6.2.4. By Application
6.2.5. By Country
6.3. Pricing Analysis
6.4. North America: Country Analysis
6.4.1. United States Automotive Composites Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Vehicle Type
6.4.1.2.2. By Fiber Type
6.4.1.2.3. By Manufacturing Process
6.4.1.2.4. By Application
6.4.2. Mexico Automotive Composites Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Vehicle Type
6.4.2.2.2. By Fiber Type
6.4.2.2.3. By Manufacturing Process
6.4.2.2.4. By Application
6.4.3. Canada Automotive Composites Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Vehicle Type
6.4.3.2.2. By Fiber Type
6.4.3.2.3. By Manufacturing Process
6.4.3.2.4. By Application
7. Europe Automotive Composites Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Fiber Type
7.2.3. By Manufacturing Process
7.2.4. By Application
7.2.5. By Country
7.3. Pricing Analysis
7.4. Europe: Country Analysis
7.4.1. France Automotive Composites Market Outlook
7.4.1.1. Market Size & Forecast
7.4.1.1.1. By Value & Volume
7.4.1.2. Market Share & Forecast
7.4.1.2.1. By Vehicle Type
7.4.1.2.2. By Fiber Type
7.4.1.2.3. By Manufacturing Process
7.4.1.2.4. By Application
7.4.2. Germany Automotive Composites Market Outlook
7.4.2.1. Market Size & Forecast
7.4.2.1.1. By Value & Volume
7.4.2.2. Market Share & Forecast
7.4.2.2.1. By Vehicle Type
7.4.2.2.2. By Fiber Type
7.4.2.2.3. By Manufacturing Process
7.4.2.2.4. By Application
7.4.3. United Kingdom Automotive Composites Market Outlook
7.4.3.1. Market Size & Forecast
7.4.3.1.1. By Value & Volume
7.4.3.2. Market Share & Forecast
7.4.3.2.1. By Vehicle Type
7.4.3.2.2. By Fiber Type
7.4.3.2.3. By Manufacturing Process
7.4.3.2.4. By Application
7.4.4. Spain Automotive Composites Market Outlook
7.4.4.1. Market Size & Forecast
7.4.4.1.1. By Value & Volume
7.4.4.2. Market Share & Forecast
7.4.4.2.1. By Vehicle Type
7.4.4.2.2. By Fiber Type
7.4.4.2.3. By Manufacturing Process
7.4.4.2.4. By Application
7.4.5. Italy Automotive Composites Market Outlook
7.4.5.1. Market Size & Forecast
7.4.5.1.1. By Value & Volume
7.4.5.2. Market Share & Forecast
7.4.5.2.1. By Vehicle Type
7.4.5.2.2. By Fiber Type
7.4.5.2.3. By Manufacturing Process
7.4.5.2.4. By Application
7.4.6. Belgium Automotive Composites Market Outlook
7.4.6.1. Market Size & Forecast
7.4.6.1.1. By Value & Volume
7.4.6.2. Market Share & Forecast
7.4.6.2.1. By Vehicle Type
7.4.6.2.2. By Fiber Type
7.4.6.2.3. By Manufacturing Process
7.4.6.2.4. By Application
8. Asia-Pacific Automotive Composites Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Fiber Type
8.2.3. By Manufacturing Process
8.2.4. By Application
8.2.5. By Country
8.3. Pricing Analysis
8.4. Asia-Pacific: Country Analysis
8.4.1. China Automotive Composites Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Vehicle Type
8.4.1.2.2. By Fiber Type
8.4.1.2.3. By Manufacturing Process
8.4.1.2.4. By Application
8.4.2. India Automotive Composites Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Vehicle Type
8.4.2.2.2. By Fiber Type
8.4.2.2.3. By Manufacturing Process
8.4.2.2.4. By Application
8.4.3. South Korea Automotive Composites Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Vehicle Type
8.4.3.2.2. By Fiber Type
8.4.3.2.3. By Manufacturing Process
8.4.3.2.4. By Application
8.4.4. Japan Automotive Composites Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Vehicle Type
8.4.4.2.2. By Fiber Type
8.4.4.2.3. By Manufacturing Process
8.4.4.2.4. By Application
8.4.5. Australia Automotive Composites Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Vehicle Type
8.4.5.2.2. By Fiber Type
8.4.5.2.3. By Manufacturing Process
8.4.5.2.4. By Application
9. South America Automotive Composites Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Fiber Type
9.2.3. By Manufacturing Process
9.2.4. By Application
9.2.5. By Country
9.3. Pricing Analysis
9.4. South America: Country Analysis
9.4.1. Brazil Automotive Composites Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Vehicle Type
9.4.1.2.2. By Fiber Type
9.4.1.2.3. By Manufacturing Process
9.4.1.2.4. By Application
9.4.2. Argentina Automotive Composites Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Vehicle Type
9.4.2.2.2. By Fiber Type
9.4.2.2.3. By Manufacturing Process
9.4.2.2.4. By Application
9.4.3. Colombia Automotive Composites Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Vehicle Type
9.4.3.2.2. By Fiber Type
9.4.3.2.3. By Manufacturing Process
9.4.3.2.4. By Application
10. Middle East and Africa Automotive Composites Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Fiber Type
10.2.3. By Manufacturing Process
10.2.4. By Application
10.2.5. By Country
10.3. Pricing Analysis
10.4. MEA: Country Analysis
10.4.1. South Africa Automotive Composites Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Vehicle Type
10.4.1.2.2. By Fiber Type
10.4.1.2.3. By Manufacturing Process
10.4.1.2.4. By Application
10.4.2. Saudi Arabia Automotive Composites Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Vehicle Type
10.4.2.2.2. By Fiber Type
10.4.2.2.3. By Manufacturing Process
10.4.2.2.4. By Application
10.4.3. UAE Automotive Composites Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Vehicle Type
10.4.3.2.2. By Fiber Type
10.4.3.2.3. By Manufacturing Process
10.4.3.2.4. By Application
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Product Launches
12.2. Merger’s & Acquisitions
12.3. Technological Advancements
13. Global Automotive Composites Market: SWOT Analysis
14. Porter’s Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Types
15. Competitive Landscape
15.1. Business Overview
15.2. Type Offerings
15.3. Recent Developments
15.4. Financials (As Reported)
15.5. Key Personnel
15.6. SWOT Analysis
15.6.1. SGL Carbon SE
15.6.2. Toray Industries, Inc.
15.6.3. Solvay S.A.
15.6.4. UFP Technologies, Inc.
15.6.5. Gurit Holding AG
15.6.6. Plasan Carbon Composites Inc
15.6.7. Hexcel Corporation
15.6.8. Magna International Inc.
15.6.9. Huntsman International LLC.
15.6.10. GMS Composites
16. Strategic Recommendations

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