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Automotive Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Compression Molding, Injection Molding, RTM), Application, Vehicle Type, and Region - Forecast to 2031..., Market Research Report: MarketsandMarkets
Дата публикации: 07-07-2026 00:00:00
Основное содержимое страницы с новостью.
Automotive Composites Market by Fiber Type (Glass, Carbon), Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Compression Molding, Injection Molding, RTM), Application, Vehicle Type, and Region - Forecast to 2031
USD 19.35 BN
MARKET SIZE, 2031
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The automotive composites market is projected to reach USD 19.35 billion by 2031 from USD 10.74 billion in 2026, at a CAGR of 12.5%. Market growth is primarily driven by the increasing adoption of electric vehicles, rising demand for lightweight materials, and stringent fuel-efficiency and emission regulations worldwide. Automotive composites are increasingly being used in battery enclosures, body panels, structural components, and interior applications to reduce vehicle weight, improve energy efficiency, and extend EV driving range. Advancements in composite manufacturing technologies, growing use of thermoplastic and carbon fiber composites, and increasing investments in sustainable mobility solutions are further accelerating market growth.
KEY TAKEAWAYS
-
By Region
Asia Pacific is projected to grow at the highest CAGR of 14.0% during the forecast period.
-
By Fiber Type
By fiber type, the glass fiber segment dominated the automotive composites market with a share of 59.0% in terms of value in 2025.
-
By Resin Type
By resin type, the thermoset segment dominated the automotive composites market with a share of 59.4% in terms of value in 2025.
-
By Manufacturing Process
By manufacturing process, the RTM process segment is expected to register the highest CAGR during the forecast period.
-
By Vehicle Type
By vehicle type, the electric vehicle segment is projected to register the fastest CAGR during the forecast period.
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By Application
By application, the battery enclosures segment is expected to register the highest CAGR during the forecast period.
-
Competitive Landscape - Key Players
Teijin Limited, Mitsubishi Chemical Group Corporation, Toray Industries, Inc., Syensqo, ElringKlinger AG, and Hexcel Corporation are star players in the automotive composites market, given their broad industry coverage and strong operational & financial strength.
-
Competitive Landscape - Startups
Piran Advanced Composites, OPmobility, Envalior, and CIE Automotive India have distinguished themselves among startups and SMEs due to their well-developed marketing channels and extensive funding to build their product portfolios.
The automotive composites market is witnessing strong growth due to increasing demand for lightweight, high-strength, and durable materials that help improve vehicle performance, fuel efficiency, and sustainability. Automakers are increasingly adopting composite materials in body panels, battery enclosures, structural components, chassis systems, and interior applications to reduce vehicle weight and comply with stringent emission regulations. Continuous advancements in composite manufacturing technologies, including automated production processes, high-pressure resin transfer molding (HP-RTM), thermoplastic composite processing, and recycling solutions, are improving production efficiency and enabling greater adoption across high-volume vehicle platforms. Market growth is further supported by the rapid expansion of electric vehicle production, growing investments in lightweight vehicle architectures, and increasing demand for extended battery range and energy efficiency. The automotive industry's focus on carbon reduction, vehicle electrification, and sustainable mobility is accelerating the adoption of advanced composite materials. As OEMs continue to invest in next-generation vehicle platforms and recyclable composite solutions, automotive composites are expected to play an increasingly important role in the future of transportation.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
Changes in consumer preferences, regulatory requirements, vehicle production trends, and economic conditions significantly influence the automotive composites market. Growing demand for electric vehicles, lightweight vehicles, enhanced fuel efficiency, and sustainable mobility solutions directly impacts the adoption of composite materials across automotive applications. Fluctuations in vehicle production volumes, raw material costs, and OEM investment decisions can affect demand for automotive composites, influencing revenues across the entire value chain, including composite material suppliers, component manufacturers, and automotive OEMs. As vehicle electrification and lightweighting strategies continue to evolve, the automotive composites market remains closely linked to developments within the global automotive industry.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
OPPORTUNITIES
Impact
Level
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Rising EV production is increasing demand for lightweight composite materials in battery enclosures, body panels, and structural components. Automotive composites help extend driving range, improve energy efficiency, and reduce vehicle emissions.
Automotive composites, particularly carbon fiber composites, remain more expensive than conventional materials such as steel and aluminum. High material costs and complex manufacturing processes limit adoption in mass-market vehicles.
The expansion of electric vehicle production is creating significant demand for composite battery enclosures and lightweight structural parts. Composites provide superior strength, thermal management, and weight reduction benefits for next-generation EV platforms.
Despite their performance advantages, automotive composites face strong competition from lower-cost materials such as steel and aluminum. Manufacturers must reduce production costs and improve scalability to achieve broader adoption across high-volume vehicle segments.
AUTOMOTIVE COMPOSITES MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
|
|
Utilizes glass fiber and carbon fiber composites in battery enclosures, body structures, underbody shields, and interior components to reduce vehicle weight and improve EV efficiency | Extends driving range | Improves energy efficiency, enhances crash protection | Reduces overall vehicle weight |
|
|
Incorporates carbon fiber-reinforced composites in passenger cells, roof systems, body structures, and lightweight EV platforms | Improves vehicle performance | Crash resistance, battery efficiency | Fuel economy while reducing emissions |
|
|
Uses advanced composites in body panels, structural components, battery housings, and luxury vehicle applications | Enables lightweighting | Enhances structural rigidity | Improves safety performance | Supports vehicle electrification |
|
|
Deploys glass fiber and thermoplastic composites in interior components, exterior panels, and lightweight structural applications across passenger and hybrid vehicles | Reduces vehicle mass | Improves fuel efficiency | Lowers manufacturing costs | Enhances durability |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The automotive composites market ecosystem comprises raw material suppliers, composite material manufacturers, distributors, component fabricators, and automotive OEMs. Raw material suppliers provide key inputs such as glass fibers, carbon fibers, natural fibers, and thermoset and thermoplastic resins used in composite manufacturing. Major material suppliers and composite manufacturers develop advanced composite solutions tailored for automotive applications, including body panels, battery enclosures, structural components, and interior systems. Distributors and supply chain partners ensure material availability and support regional market operations. Component manufacturers convert composite materials into finished automotive parts for passenger vehicles, commercial vehicles, and electric vehicles. The end-user landscape is dominated by automotive OEMs such as BMW, Toyota, Ford, Mercedes-Benz, Volkswagen, General Motors, Tesla, and other EV manufacturers that increasingly utilize composites to achieve lightweighting, improve fuel efficiency, extend EV range, enhance safety, and meet sustainability objectives.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The glass fiber segment dominated the automotive composites market due to its excellent balance of strength, durability, corrosion resistance, and cost-effectiveness. Its widespread use in exterior panels, interior components, and structural applications continues to support its leading position.
The thermoset segment dominated the automotive composites market owing to its superior mechanical properties, thermal stability, and suitability for high-performance structural applications. Its extensive use in body panels, battery enclosures, and load-bearing components supports its market leadership.
The RTM (Resin Transfer Molding) segment is expected to register the highest growth during the forecast period due to its ability to manufacture lightweight and complex components with high precision, excellent surface finish, and improved production efficiency.
The electric vehicle segment is projected to witness the fastest growth as automakers increasingly adopt composite materials to reduce vehicle weight, improve battery efficiency, and extend driving range.
The battery enclosures segment is expected to register the highest growth due to rising EV production and increasing demand for lightweight, impact-resistant, and thermally stable materials that enhance battery safety and performance.
REGION
Asia Pacific to be the fastest-growing market for automotive composites during the forecast period
Asia Pacific is projected to register the highest CAGR in the automotive composites market during the forecast period. The Asia Pacific automotive composites market is driven by strong vehicle production, rapid EV adoption, and increasing demand for lightweight materials in China, Japan, South Korea, and India. Growing investments in vehicle electrification, supportive government policies, and the presence of major automotive OEMs continue to fuel regional market growth.
AUTOMOTIVE COMPOSITES MARKET: COMPANY EVALUATION MATRIX
In the automotive composites market, Teijin Limited (Star) leads with a strong market share and extensive product footprint, driven by its vertically integrated operations and strategic partnerships for the automotive composites portfolio. Röchling SE & CO. KG (Emerging Leader) is gaining visibility because of its specialized automotive composites portfolio and advanced manufacturing technologies. While Teijin dominates through scale and a diverse portfolio, Röchling SE & CO. KG shows significant potential to move toward the leaders’ quadrant as the demand for automotive composites continues to rise.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2025 (Value) | USD 9.94 Billion |
| Market Size in 2026 (Value) | USD 10.74 Billion |
| Market Forecast in 2031 (Value) | USD 19.35 Billion |
| CAGR | 12.5% |
| Years Considered | 2023–2031 |
| Base Year | 2025 |
| Forecast Period | 2026–2031 |
| Units Considered | Value (USD Million/Billion), Volume (Kiloton) |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
|
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
WHAT IS IN IT FOR YOU: AUTOMOTIVE COMPOSITES MARKET REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Raw Material Suppliers (Glass Fiber, Carbon Fiber, Thermoset & Thermoplastic Resin Suppliers) |
|
|
| Automotive Composite Manufacturers & Component Suppliers |
|
|
| OEMs & Tier-1 Suppliers (Passenger Vehicles, Commercial Vehicles & EVs) |
|
|
| End-Use Industries (Passenger Cars, Commercial Vehicles, Electric Vehicles & Specialty Vehicles) |
|
|
RECENT DEVELOPMENTS
- May 2025 : SGL Carbon announced a major restructuring of its Carbon Fibers business unit, including the phased closure of unprofitable sites such as Lavradio, Portugal, due to years of losses. This move was part of a broader strategy to reduce global capacity, cut costs, and focus on a profitable core of operations.
- October 2024 : IDI Composites International announced the opening of its new global headquarters and next-generation manufacturing facility in Noblesville, Indiana. This major investment represented the company’s commitment to innovation and excellence in the manufacturing of thermoset composite materials.
- November 2023 : In November 2023, the separation of Syensqo and Solvay S.A. marked one of the pivotal moments in the history of Solvay S.A., where Solvay S.A. completed its spin-off and formed a new company, Syensqo, with 99.53% votes from Solvay Shareholders. Syensqo focuses on green hydrogen and thermoplastic composites, and Solvay focuses on essential chemistry.
Table of Contents
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
4
MARKET OVERVIEW
Highlights the market structure, growth drivers, restraints, and near-term inflection points influencing performance.4.3
UNMET NEEDS AND WHITE SPACES
4.4
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
4.5
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
5
INDUSTRY TRENDS
This section summarizes market dynamics, key shifts, and high-impact trends shaping demand outlook.5.1
PORTER'S FIVE FORCES ANALYSIS
5.2
MACROECONOMIC OUTLOOK
5.2.2
GDP TRENDS AND FORECAST
5.2.3
TRENDS IN GLOBAL AUTOMOTIVE COMPOSITES MARKET INDUSTRY
*(MARKET CONSUMPTION IMPACT, TRADE BALANCE ADJUSTMENTS, PRICING ANALYSIS, COMPANIES IMPACTED AND COMPANIES’ STRATEGIES)
5.5.1
AVERAGE SELLING PRICE OF KEY PLAYERS, BY FIBER TYPE,
5.5.2
AVERAGE SELLING PRICE TREND, BY REGION, 2023-2025
5.7
KEY CONFERENCE & EVENTS IN 2025-2026
5.8
TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
5.9
INVESTMENT AND FUNDING SCENARIO
5.11
IMPACT OF 2025 US TARIFFS - AUTOMOTIVE COMPOSITES MARKET
5.11.3
PRICE IMPACT ANALYSIS
5.11.4
IMPACT ON COUNTRY/REGION*
5.11.5
IMPACTS ON END-USE INDUSTRY
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
6.1
KEY EMERGING TECHNOLOGIES
6.1.1
CARBON FIBER COMPOSITES MANUFACTURING PROCESS
6.1.2
GLASS AND OTHER FIBER COMPOSITES MANUFACTURING PROCESS
6.2
COMPLEMENTARY TECHNOLOGIES
6.2.1
AUTOMATED FIBER PLACEMENT (AFP) & ROBOTICS
6.3
TECHNOLOGY/PRODUCT ROADMAP
6.6
IMPACT OF AI/GEN AI ON AUTOMOTIVE COMPOSITES MARKET
6.6.1
TOP USE CASES AND MARKET POTENTIAL
6.6.2
BEST PRACTICES IN AUTOMOTIVE COMPOSITES MARKET MANUFACTURING
6.6.3
CASE STUDIES OF AI IMPLEMENTATION IN AUTOMOTIVE COMPOSITES MARKET
6.6.4
INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS
6.6.5
CLIENT’S READINESS TO ADOPT GENERATIVE AI IN AUTOMOTIVE COMPOSITES MARKET
7
REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVE
7.1
REGIONAL REGULATIONS AND COMPLIANCE
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
7.2
SUSTAINABILITY INITIATIVES
7.2.1
CARBON IMPACT AND ECO-APPLICATIONS OF AUTOMOTIVE COMPOSITES MARKET
7.3
IMPACT OF REGULATORY POLICY ON SUSTAINABILITY INITIATIVES
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
8.2
DECISION-MAKING PROCESS
8.3
KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA
8.3.1
KEY STAKEHOLDERS IN BUYING PROCESS
8.4
ADOPTION BARRIERS & INTERNAL CHALLENGES
8.5
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
9
AUTOMOTIVE COMPOSITES MARKET, BY FIBER TYPE
Market Size, Volume & Forecast – USD Million9.3
OTHER FIBERS (NATURAL, ARAMID, ETC.)
10
AUTOMOTIVE COMPOSITES MARKET, BY RESIN TYPE
Market Size, Volume & Forecast – USD Million10.1
THERMOPLASTIC COMPOSITES
10.1.3
POLYPHENYLENE SULFIDE
10.2
THERMOSET COMPOSITES
11
AUTOMOTIVE COMPOSITES MARKET, BY MANUFACTURING PROCESS
Market Size, Volume & Forecast – USD Million11.3
RESIN TRANSFER MOLDING (RTM)
12
AUTOMOTIVE COMPOSITES MARKET, BY APPLICATION
Market Size, Volume & Forecast – USD Million12.3
POWERTRAIN & CHASSIS
13
AUTOMOTIVE COMPOSITES MARKET, BY VEHICLE TYPE
Market Size, Volume & Forecast – USD Million14
AUTOMOTIVE COMPOSITES MARKET, BY REGION
Market Size, Volume & Forecast – USD Million14.2.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN NORTH AMERICA, BY FIBER TYPE
14.2.2
AUTOMOTIVE COMPOSITES MARKET SIZE IN NORTH AMERICA, BY RESIN TYPE
14.2.3
AUTOMOTIVE COMPOSITES MARKET SIZE IN NORTH AMERICA, BY VEHICLE TYPE
14.2.4
AUTOMOTIVE COMPOSITES MARKET SIZE IN NORTH AMERICA, BY MANUFACTURING PROCESS
11.2.5
AUTOMOTIVE COMPOSITES MARKET SIZE IN NORTH AMERICA, BY APPLICATION
14.2.6
AUTOMOTIVE COMPOSITES MARKET SIZE IN NORTH AMERICA, BY COUNTRY
14.2.6.1.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN US, BY FIBER TYPE
14.2.6.2.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN CANADA, BY FIBER TYPE
14.3.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN EUROPE, BY FIBER TYPE
14.3.2
AUTOMOTIVE COMPOSITES MARKET SIZE IN EUROPE, BY RESIN TYPE
14.3.3
AUTOMOTIVE COMPOSITES MARKET SIZE IN EUROPE, BY VEHICLE TYPE
14.3.4
AUTOMOTIVE COMPOSITES MARKET SIZE IN EUROPE, BY MANUFACTURING PROCESS
11.3.5
AUTOMOTIVE COMPOSITES MARKET SIZE IN EUROPE, BY APPLICATION
14.3.6
AUTOMOTIVE COMPOSITES MARKET SIZE IN EUROPE, BY COUNTRY
14.3.6.1.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN GERMANY, BY FIBER TYPE
14.3.6.2.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN FRANCE, BY FIBER TYPE
14.3.6.3.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN UK, BY FIBER TYPE
14.3.6.4.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN SPAIN, BY FIBER TYPE
14.3.6.5.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN ITALY, BY FIBER TYPE
14.3.6.6.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN REST OF EUROPE, BY FIBER TYPE
14.4.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY FIBER TYPE
14.4.2
AUTOMOTIVE COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY RESIN TYPE
14.4.3
AUTOMOTIVE COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY VEHICLE TYPE
14.4.4
AUTOMOTIVE COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY MANUFACTURING
14.4.5
AUTOMOTIVE COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY APPLICATION
14.4.6
AUTOMOTIVE COMPOSITES MARKET SIZE IN ASIA PACIFIC, BY COUNTRY
14.4.6.1.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN CHINA, BY FIBER TYPE
14.4.6.2.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN JAPAN, BY FIBER TYPE
14.4.6.3.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN SOUTH KOREA, BY FIBER TYPE
14.4.6.4.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN TAIWAN, BY FIBER TYPE
14.4.6.5
REST OF ASIA PACIFIC
14.4.6.5.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN REST OF ASIA PACIFIC, END-USE INDUSTRY
14.5.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN LATIN AMERICA, BY FIBER TYPE
14.5.2
AUTOMOTIVE COMPOSITES MARKET SIZE IN LATIN AMERICA, BY RESIN TYPE
14.5.3
AUTOMOTIVE COMPOSITES MARKET SIZE IN LATIN AMERICA, BY VEHICLE TYPE
14.5.4
AUTOMOTIVE COMPOSITES MARKET SIZE IN LATIN AMERICA, BY MANUFACTURING PROCESS
14.5.5
AUTOMOTIVE COMPOSITES MARKET SIZE IN LATIN AMERICA, BY APPLICATION
14.5.6
AUTOMOTIVE COMPOSITES MARKET SIZE IN LATIN AMERICA, BY COUNTRY
14.5.6.1.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN BRAZIL, BY FIBER TYPE
14.5.6.2.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN MEXICO, BY FIBER TYPE
14.5.6.3
REST OF LATIN AMERICA
14.5.6.3.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN REST OF LATIN AMERICA, BY FIBER TYPE
14.6
MIDDLE EAST & AFRICA
14.6.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, BY FIBER TYPE
14.6.2
AUTOMOTIVE COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, BY RESIN TYPE
14.6.3
AUTOMOTIVE COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, VEHICLE TYPE
14.6.4
AUTOMOTIVE COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, BY MANUFACTURING PROCESS
14.6.5
AUTOMOTIVE COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, BY APPLICATION
14.6.6
AUTOMOTIVE COMPOSITES MARKET SIZE IN MIDDLE EAST & AFRICA, BY COUNTRY
14.6.6.1.1.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN UAE, BY FIBER TYPE
14.6.6.1.2.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN SAUDI ARABIA, BY FIBER TYPE
14.6.6.1.3
REST OF GCC COUNTRIES
14.6.6.1.3.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN REST OF GCC, BY FIBER TYPE
14.6.6.2.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN SOUTH AFRICA, BY FIBER TYPE
14.6.6.3
REST OF MIDDLE EAST & AFRICA
14.6.6.3.1
AUTOMOTIVE COMPOSITES MARKET SIZE IN REST OF MIDDLE EAST & AFRICA, BY FIBER TYPE
15.2
KEY PLAYER COMPETITIVE STRATEGIES/RIGHT TO WIN (JANUARY 2022–JUNE 2026)
15.3
MARKET SHARE ANALYSIS,
15.4
REVENUE ANALYSIS, 2023-2025
15.6
COMPANY EVALUATION MATRIX: KEY PLAYERS,
15.6.5
COMPANY FOOTPRINT: KEY PLAYERS,
15.6.5.1
COMPANY FOOTPRINT
15.6.5.2
REGION FOOTPRINT
15.6.5.3
BY FIBER TYPE FOOTPRINT
15.6.5.4
BY RESIN TYPE FOOTPRINT
15.6.5.5
BY VEHICLE TYPE FOOTPRINT
15.6.5.6
BY MANUFACTURING PROCESS FOOTPRINT
15.6.5.7
APPLICATION FOOTPRINT
15.7
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
15.7.1
PROGRESSIVE COMPANIES
15.7.2
RESPONSIVE COMPANIES
15.7.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
15.7.5.1
DETAILED LIST OF KEY STARTUPS/SMES
15.7.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
15.8
COMPANY VALUATION AND FINANCIAL METRICS
15.9
COMPETITIVE SCENARIO
15.9.3
MERGERS & ACQUISITIONS
15.9.4
PARTNERSHIPS, COLLABORATIONS, ALLIANCES, AND JOINT VENTURES
16.4
HENGRUI CORPORATION (HRC)
16.7
ROCHLING SE & CO. KG
16.8
MITSUBISHI CHEMICAL GROUP
16.10
IDI COMPOSITES INTERNATIONAL
16.12
TORAY ADVANCED COMPOSITES
16.16
MUBEA (MUHR UND BENDER KG)
16.14
GEORG FRITZMEIER GMBH & CO. KG
16.16.1
HANKUK CARBON CO., LTD.
16.16.2
CIE AUTOMOTIVE INDIA
16.16.3
UFP TECHNOLOGIES, INC.
16.16.6
PIRAN ADVANCED COMPOSITES
16.16.8
TRB LIGHTWEIGHT STRUCTURES
*DETAILS MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.
NOTE: THIS IS THE TENTATIVE LIST. WE WILL PROVIDE YOU WITH COMPANY PROFILES OF MAJOR COMPANIES IN THIS MARKET.
17.1.1.1
KEY DATA FROM SECONDARY SOURCES
17.1.1.2
LIST OF KEY SECONDARY SOURCES
17.1.2.1
KEY DATA FROM PRIMARY SOURCES
17.1.2.2
KEY PRIMARY PARTICIPANTS
17.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
17.1.2.4
KEY INDUSTRY INSIGHTS
17.2
MARKET SIZE ESTIMATION
17.2.1
BOTTOM-UP APPROACH
17.2.3
BASE NUMBER CALCULATION
17.3
MARKET FORECAST APPROACH
17.6
RESEARCH ASSUMPTIONS
17.7
RESEARCH LIMITATIONS AND RISK ASSESSMENT
18.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
18.3
CUSTOMIZATION OPTIONS
Methodology
The study involves two major activities in estimating the current market size for the automotive composites market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering automotive composites and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the automotive composites market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the automotive composites market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as chief experience officers (CXOs), vice presidents (VPs), business development/marketing directors, product development/innovation teams, related key executives from the automotive composites industry, system integrators, component providers, distributors, and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research helped in understanding the various trends related to fiber type, resin type, manufacturing process, application, vehicle type, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customers/end users who are seeking automotive Composites services, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of automotive composites and future outlook of their business, which will affect the overall market.
Breakup of Primary Research
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The research methodology used to estimate the size of the automotive composites market includes the following details. The market size was determined from the demand side. The market was upsized based on the demand for automotive composites in different applications at the regional level. Such procurements provide information on the demand aspects of the automotive composites industry for each application. For each application, all possible segments of the automotive Composites market were integrated and mapped.
Automotive Composites Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Automotive composites are advanced materials made by combining reinforcing fibers such as glass, carbon, natural, or aramid fibers with thermoset or thermoplastic resins. These materials offer high strength-to-weight ratios, corrosion resistance, and design flexibility, making them ideal for applications such as body panels, battery enclosures, chassis components, and structural reinforcements. By reducing vehicle weight while maintaining performance and safety, automotive composites help improve fuel efficiency, extend EV range, and support sustainability goals.
Key Stakeholders
- Automotive composites manufacturers
- Automotive composites distributors and suppliers
- Universities, governments, and research organizations
- Associations and industrial bodies
- R&D institutes
- Environmental support agencies
- Investment banks and private equity firms
- Research and consulting firms
Report Objectives
- Automotive composites manufacturers
- Automotive composites distributors and suppliers
- Universities, governments, and research organizations
- Associations and industrial bodies
- R&D institutes
- Environmental support agencies
- Investment banks and private equity firms
- Research and consulting firms
Available customizations:
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the automotive composites market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company’s market
Key Questions Addressed by the Report
Key players in the automotive composites market include Toray Industries, Inc. (Japan), SGL Carbon (Germany), POLYTEC HOLDING AG, ElringKlinger AG (Germany), Syensqo (Belgium), HENGRUI CORPORATION (HRC) (China), Exel Composites (Finland), Teijin Limited (Japan), Mitsubishi Chemical Group Corporation (Japan), Piran Advanced Composites (UK), IDI Composites International (US), and Röchling SE & Co. KG (Germany). Expansions, product launches, and deals are the key strategies these companies adopt to strengthen their position in the automotive composites market.
The growing demand for environment-friendly and cost-efficient EVs is one of the major driving factors for the automotive composites market.
Asia Pacific is expected to be the largest and fastest-growing market for automotive composites. The region is home to several prominent raw material and composite manufacturers and major automobile companies.
The automotive composites market is estimated to grow at a CAGR of 14.5% over the next five years.
The market is growing at a significant pace. The market has great potential to grow, and many manufacturers are expanding their business to cater to the rising demand for automotive composites.
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