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Automotive Composites Market Size & Forecast

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Historic: 2021-2023 Base Year: 2024 Forecast: 2025–2031
US$ 12,474.38 Million
Market Size 2024 · Base Year
US$ 27,374.53 Million
Projected Market Size by 2031
11.88%
CAGR · 2025–2031
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BMIRE00031136 56+ Countries Covered 10 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
11
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2021–2023), Base Year (2024), and 7-Year Forecast (2025–2031)
10 +
Major Players
Major companies profiled including Gurit Holdings AG, Hexcel Corp, Mitsubhishi Chemical Group, SGL Carbon SE, Solvay SA
150
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • Demand for Lightweight Materials

  • Rise of Electric and Hybrid Vehicles

  • Increased Demand for Durability and Performance

Where Growth Opportunities Exist

Key Opportunities

  • Growing Adoption of Lightweight Composites for Fuel Efficiency

  • Increased Use of Composites in Electric Vehicles

  • Development of Recyclable and Sustainable Composites

What Could Slow It Down

Market Restraints

  • High material cos

  • Processing complexit

  • Limited recyclability

Market Segmentation

Coverage by Segment

Fiber Type

Glass Fiber Composites
Carbon Fiber Composites

Resin Type

Thermoset
Thermoplastics

Technology

Pultrusion
Injection Molding
Compression Molding
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

Gurit Holdings AG
Hexcel Corp
Mitsubhishi Chemical Group
SGL Carbon SE
Solvay SA
Teijin Ltd
DuPont de Numours Inc
Toray Industries
Atlas Fibre
Elaghmore Advisor LLP
What's Inside

Report Scope & Deliverables

Market Size 2024 US$ 12,474.38 Million
Market Size 2031 US$ 27,374.53 Million
CAGR 2025–2031 11.88%
Segments By Fiber Type (Glass Fiber Composites, Carbon Fiber Composites)  |  By Resin Type (Thermoset, Thermoplastics)  |  By Technology (Pultrusion, Injection Molding, Compression Molding)
Geographies North America (US, Canada, Mexico)  ·  Europe (Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Luxembourg, Norway, Finland, Denmark, Sweden, Switzerland, Austria, Greece, Portugal, Russia, Poland, Romania, Czech Republic, Ukraine, Slovakia, Bulgaria)  ·  Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh)  ·  South and Central America (Brazil, Argentina, Chile, Colombia, Peru)  ·  Middle East and Africa (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, Oman, Turkiye, South Africa, Egypt, Nigeria, Algeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIRE00031136
Lead Analyst Suraj Sajeev — Associate Manager, Research & Consulting · View Profile
With Full Report Access

Gain actionable insights with 150 pages of in-depth Automotive Composites Market, including historical trends, 7-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.

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