The North America Automotive Composites Market size is expected to reach US$ 4.21 billion by 2031 from US$ 2.05 billion in 2024. The market is estimated to record a CAGR of 9.4% from 2025 to 2031.
Executive Summary and North America Automotive Composites Market Analysis:
Automotive composites are widely used in automobiles' interior, exterior, and under-the-hood parts to increase efficiency and performance. Passenger vehicles are among the most common transportation modes in the region, and their use is rising with the rise in per capita income. The production of vehicles is consistently increasing due to the escalating demand from customers and technological advancements in the automotive industry. According to data published by the Automotive Trade Manual in 2023, 19.18 million vehicles were sold in North America. As per a report by the American Automotive Policy Council, car sales are expected to exceed 17.7 million vehicles per year by 2025.
North America Automotive Composites Market Segmentation Analysis:
Key segments that contributed to the derivation of the automotive composites market analysis are product type, resin type, technology, vehicle type and application.
- Based on product type, the automotive composites market is segmented into glass fiber composites, carbon fiber composites, and others. The glass fiber composites segment dominated the market in 2023.
- By resin type, the automotive composites market is divided into thermoset (polyester, epoxy, vinyl ester, polyurethane, and others) and thermoplastics (polyethylene, polypropylene, polycarbonate, polymethyl methacrylate, and others). The thermoplastics segment dominated the market in 2023.
- On the basis of technology, the automotive composites market is segmented into pultrusion, injection molding, compression molding, and others. The injection molding segment dominated the market in 2023.
- In terms of vehicle type, the market is segmented into passenger cars, commercial vehicles, and two wheelers and others. The passenger cars segment held the largest share of the market in 2023.
- Based on application, the automotive composites market is segmented into structural assembly, powertrain component, interior, and exterior. The interior segment dominated the market in 2023.
North America Automotive Composites Market Outlook
North America has well-established automotive manufacturers such as Audi AG, Bayerische Motoren Werke AG, Stellantis NV, Ford Motor Company, Honda Motor Co Ltd, Hyundai Motor Company, Mercedes Benz, and Volkswagen Group. Foreign automotive manufacturers are anticipated to be involved in a part of the mainstream automotive industry in North America to increase their market share, which is expected to benefit the demand for composites. Therefore, the growth of the automotive industry is projected to drive the demand for automotive composites in North America.
North America Automotive Composites Market Country Insights
Based on region, the North America automotive composites market is further segmented into the US, Canada, and Mexico. The US held the largest share in 2023.
The automotive sector is one of the largest manufacturing sectors in the US. According to Kroll Inc, the US sold 15.5 million vehicles in 2023. Production is predicted to increase in the coming years, resulting in higher inventories and potential sales incentives. The number of battery electric vehicle (BEV) models is expected to surpass 100 by 2024, offering customers more choices across segments and price points. Automotive composites are widely used in body panels, bumpers, interior components, structural elements, battery enclosures in electric vehicles, engine components, and underbody shields to reduce weight, enhance performance, improve safety, and meet sustainability goals. Increased demand for luxury cars and a rise in expenditure for car detailing and maintenance are among the key factors contributing to the demand for automotive composites in the US.
North America Automotive Composites Market Company Profiles
Gurit Holding AG, Hexcel Corp, Mitsubishi Chemical Group Corp, SGL Carbon SE, Solvay SA, Teijin Ltd, DuPont de Nemours Inc, Toray Industries Inc, Atlas Fibre, and Elaghmore Advisor LLP are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
North America Automotive Composites Market Research Methodology:
The following methodology has been followed for the collection and analysis of data presented in this report:
- Secondary Research
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
- Company websites, annual reports, financial statements, broker analyses, and investor presentations
- Industry trade journals and other relevant publications
- Government documents, statistical databases, and market reports
- News articles, press releases, and webcasts specific to companies operating in the market
Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
- Primary Research
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
- Refine findings from secondary research
- Enhance the expertise and market understanding of the analysis team
- Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
- Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
- External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise
Key Sources Referred:
- National Association of Automotive Component and Allied Manufacturers
- American Automotive Policy Council
- Automotive Parts Remanufacturers Association
- American Automobile Association
- American Composites Manufacturers Association
- European Composites Industry Association
North America Automotive Composites Market Strategic Insights
North America Automotive CompositesMarket Report Highlights
| Report Attribute | Details |
| Market size in 2024 | US$ 2.05 Billion |
| Market Size by 2031 | US$ 4.21 Billion |
| CAGR (2025 - 2031) | 9.4% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Fiber Type
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Regions and Countries Covered
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| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
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North America Automotive Composites Market Country and Regional Insights
