Automotive Composite Market Size and Forecast 2021 - 2034, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Fiber Type, Type, and Vehicle Type

List of Tables

The automotive composite market size was valued at US$ 29.13 billion in 2025 and is expected to reach US$ 71.21 billion by 2034; it is estimated to register a CAGR of 10.4% from 2026 to 2034.

There is an increasing demand for lightweight, durable, and fuel-efficient vehicles across the automotive industry. With high strength-to-weight ratio, corrosion resistance, and design flexibility, automotive composites are gaining extensive use in passenger cars, electric vehicles, commercial vehicles, and high-performance sports cars. With increasing environmental concerns and high emission standards, manufacturers are shifting towards advanced composite materials to make their products more fuel efficient and decrease their carbon emissions from traditional metallic parts. The market is also being supported by the rising number of EVs on the road and developments in new technologies for car production. New advancements in carbon fiber composites, glass fiber materials, and automation are enhancing product performance and cost efficiency. The market is expected to be restrained by factors such as high raw materials cost, complicated manufacturing processes, and difficulties in recycling.

The automotive composite market analysis has been performed by considering the following segments: fiber type, type, and vehicle type. By fiber type, the automotive composite market is segmented into carbon fiber composites, glass fiber composites, and others. The thermoset segment accounted for the largest automotive composite market share in 2025. Thermoset composites are a major part of the automotive composite market as they possess high strength, heat resistance, and lightweight characteristics. Thermoset use is growing in automotive applications for body panels, under-the-hood components, vehicle interiors, and other structural applications, as the material offers a means for automotive manufacturers to enhance fuel efficiency and minimize emissions from their vehicles. Epoxy, polyester, and polyurethane resins are excellent in terms of their dimensional stability, corrosion resistance, and durability, which makes them ideal for high-performance use in the automobile industry. The rising production of electric vehicles is also contributing to the growth of the segment, with automakers looking into lightweight materials for improving battery efficiency and driving range. Furthermore, the rising demand for cost-effective composite solutions, advances in molding technology, and the growing popularity of composites in both the passenger and commercial vehicle industries continue to drive expansion in the market.

The automotive composite market is segmented into five main regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific is expected to register the fastest CAGR in the global automotive composite market from 2026 to 2034, driven by growing demand for lightweight and fuel-efficient vehicles. Governments such as China, Japan, India, and South Korea are investing in the production of EVs, advanced automotive technologies, and manufacturing facilities. Automotive composites are being used in vehicle structure, interior, and battery components, which positively impacts the automotive composite market growth. The push for lightweight materials continues to be a result of the need for a reduction in emission levels and the growing production of automobiles. Moreover, the government's commitment to sustainable mobility, well-established supply chains, and the growing impetus around carbon emission reduction further solidify the region's global market leadership.

Some of the key players operating in the global automotive composite market include 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, Elaghmore Advisor LLP, and Hexion Inc. Players operating in the automotive composite market focus on providing high-quality products to fulfill customer demand. Also, they are focusing on launching new and high-quality products for their customers.

The overall global automotive composite market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the automotive composite market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the automotive composite market.

Product Code: TIPRE00002782

1. Executive Summary

1.1 Analyst Market Outlook
1.2 Market Attractiveness

2. Automotive Composite Market Landscape

2.1 Overview
2.2 Value Chain Analysis
- 2.2.1 Raw Material / Components
- 2.2.2 Manufacturing Process / Technology
- 2.2.3 Distribution Landscape
- 2.2.4 Application
- 2.2.5 Level of Integration
2.3 Supply Chain Analysis
- 2.3.1 List of Manufacturers/Suppliers
- 2.3.2 List of Potential Customers (Upto 50)
2.4 Porter's Five Force Analysis
- 2.4.1 Threat of New Entrants:
- 2.4.2 Bargaining Power of Suppliers:
- 2.4.3 Bargaining Power of Buyers:
- 2.4.4 Threat of Substitutes:
- 2.4.5 Competitive Rivalry:
2.5 PEST Analysis
- 2.5.1 Political Factors - Emission Regulations and Automotive Policies
- 2.5.2 Economic Factors - Production Costs and Automotive Demand Cycles
- 2.5.3 Social Factors - Sustainability and Mobility Trends
- 2.5.4 Technological Factors - Material and Manufacturing Innovation
2.6 Import-Export Analysis for Key Countries (HS Code: 681511 Carbon fibres)
- 2.6.1 Import Analysis for Key Countries
- 2.6.2 Export Analysis for Key Countries
2.7 Impact of Artificial Intelligence (AI)
2.8 Product or Technology Roadmap
- 2.8.13 - Conventional Composite Adoption and Efficiency Focus
- 2.8.24 - Automation and Scalable Production Technologies
- 2.8.35 - Sustainable Material Innovation and Lightweight Electrification
- 2.8.46 and Beyond - Smart Materials and Fully Integrated EV Structures
2.9 Sustainability and ESG Trends
2.10 Patent Analysis
2.11 Regulatory Framework

3. Competitive Landscape

3.1 Company Benchmarking by Key Players
3.2 Market Concentration

4. Automotive Composite Market - Key Industry Dynamics

4.1 Market Drivers
- 4.1.1 Vehicle Lightweighting Demand
- 4.1.2 Electric Vehicle Production
- 4.1.3 Increasing Use in Premium and Performance Vehicles
4.2 Market Restraints
- 4.2.1 High Material and Production Costs
- 4.2.2 Complex Recycling and End-of-Life Challenges
- 4.2.3 Limited Mass Production Infrastructure in Emerging Markets
4.3 Market Opportunities
- 4.3.1 Expansion of Affordable Glass Fiber Composites
- 4.3.2 Bio-Based and Recyclable Composite Development
- 4.3.3 Growth in EV Battery Structural Integration
4.4 Future Trends
- 4.4.1 Shift Toward Thermoplastic Composites
- 4.4.2 AI-Driven Composite Design and Simulation
- 4.4.3 Integration of Smart and Functional Composites
4.5 Impact of Drivers and Restraints

5. Automotive Composite Market - Global Market Analysis

5.1 Automotive Composite Market Revenue (US$ Million), 2021-2034
5.2 Automotive Composite Market Forecast and Analysis (US$ Million)

6. Automotive Composite Market Revenue Analysis - Fiber Type

6.1 Automotive Composite Market Forecasts and Analysis by Fiber Type
- 6.1.1 Carbon Fiber Composites
  - 6.1.1.1 Overview
  - 6.1.1.2 Carbon Fiber Composites: Automotive Composite Market - Revenue, 2021-2034 (US$ Million)
- 6.1.2 Glass Fiber Composites
  - 6.1.2.1 Overview
  - 6.1.2.2 Glass Fiber Composites: Automotive Composite Market - Revenue, 2021-2034 (US$ Million)
- 6.1.3 Others
  - 6.1.3.1 Overview
  - 6.1.3.2 Others: Automotive Composite Market - Revenue, 2021-2034 (US$ Million)

7. Automotive Composite Market Revenue Analysis - Type

7.1 Automotive Composite Market Forecasts and Analysis by Type
- 7.1.1 Thermoset
  - 7.1.1.1 Overview
  - 7.1.1.2 Thermoset: Automotive Composite Market - Revenue, 2021-2034 (US$ Million)
- 7.1.2 Thermoplastic
  - 7.1.2.1 Overview
  - 7.1.2.2 Thermoplastic: Automotive Composite Market - Revenue, 2021-2034 (US$ Million)

8. Automotive Composite Market Revenue Analysis - Vehicle Type

8.1 Automotive Composite Market Forecasts and Analysis by Vehicle Type
- 8.1.1 Passenger Cars
  - 8.1.1.1 Overview
  - 8.1.1.2 Passenger Cars: Automotive Composite Market - Revenue, 2021-2034 (US$ Million)
- 8.1.2 Commercial Vehicles
  - 8.1.2.1 Overview
  - 8.1.2.2 Commercial Vehicles: Automotive Composite Market - Revenue, 2021-2034 (US$ Million)
- 8.1.3 Two Wheelers and Others
  - 8.1.3.1 Overview
  - 8.1.3.2 Two Wheelers and Others: Automotive Composite Market - Revenue, 2021-2034 (US$ Million)

9. Automotive Composite Market - Geographical Analysis

9.1 North America
- 9.1.1 North America Automotive Composite Market Overview
- 9.1.2 North America: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
- 9.1.3 North America: Automotive Composite Market - By Segmentation
  - 9.1.3.1 Fiber Type
  - 9.1.3.2 Type
  - 9.1.3.3 Vehicle Type
- 9.1.4 North America: Automotive Composite Market Breakdown by Countries
  - 9.1.4.1 United States Market
    - 9.1.4.1.1 United States: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.1.4.1.2 United States: Automotive Composite Market - By Segmentation
      - 9.1.4.1.2.1 Fiber Type
      - 9.1.4.1.2.2 Type
      - 9.1.4.1.2.3 Vehicle Type
  - 9.1.4.2 Canada Market
    - 9.1.4.2.1 Canada: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.1.4.2.2 Canada: Automotive Composite Market - By Segmentation
      - 9.1.4.2.2.1 Fiber Type
      - 9.1.4.2.2.2 Type
      - 9.1.4.2.2.3 Vehicle Type
  - 9.1.4.3 Mexico Market
    - 9.1.4.3.1 Mexico: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.1.4.3.2 Mexico: Automotive Composite Market - By Segmentation
      - 9.1.4.3.2.1 Fiber Type
      - 9.1.4.3.2.2 Type
      - 9.1.4.3.2.3 Vehicle Type
9.2 Europe
- 9.2.1 Europe Automotive Composite Market Overview
- 9.2.2 Europe: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
- 9.2.3 Europe: Automotive Composite Market - By Segmentation
  - 9.2.3.1 Fiber Type
  - 9.2.3.2 Type
  - 9.2.3.3 Vehicle Type
- 9.2.4 Europe: Automotive Composite Market Breakdown by Countries
  - 9.2.4.1 Germany Market
    - 9.2.4.1.1 Germany: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.2.4.1.2 Germany: Automotive Composite Market - By Segmentation
      - 9.2.4.1.2.1 Fiber Type
      - 9.2.4.1.2.2 Type
      - 9.2.4.1.2.3 Vehicle Type
  - 9.2.4.2 France Market
    - 9.2.4.2.1 France: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.2.4.2.2 France: Automotive Composite Market - By Segmentation
      - 9.2.4.2.2.1 Fiber Type
      - 9.2.4.2.2.2 Type
      - 9.2.4.2.2.3 Vehicle Type
  - 9.2.4.3 Italy Market
    - 9.2.4.3.1 Italy: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.2.4.3.2 Italy: Automotive Composite Market - By Segmentation
      - 9.2.4.3.2.1 Fiber Type
      - 9.2.4.3.2.2 Type
      - 9.2.4.3.2.3 Vehicle Type
  - 9.2.4.4 United Kingdom Market
    - 9.2.4.4.1 United Kingdom: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.2.4.4.2 United Kingdom: Automotive Composite Market - By Segmentation
      - 9.2.4.4.2.1 Fiber Type
      - 9.2.4.4.2.2 Type
      - 9.2.4.4.2.3 Vehicle Type
  - 9.2.4.5 Russia Market
    - 9.2.4.5.1 Russia: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.2.4.5.2 Russia: Automotive Composite Market - By Segmentation
      - 9.2.4.5.2.1 Fiber Type
      - 9.2.4.5.2.2 Type
      - 9.2.4.5.2.3 Vehicle Type
  - 9.2.4.6 Rest of Europe Market
    - 9.2.4.6.1 Rest of Europe: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.2.4.6.2 Rest of Europe: Automotive Composite Market - By Segmentation
      - 9.2.4.6.2.1 Fiber Type
      - 9.2.4.6.2.2 Type
      - 9.2.4.6.2.3 Vehicle Type
9.3 Asia Pacific
- 9.3.1 Asia Pacific Automotive Composite Market Overview
- 9.3.2 Asia Pacific: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
- 9.3.3 Asia Pacific: Automotive Composite Market - By Segmentation
  - 9.3.3.1 Fiber Type
  - 9.3.3.2 Type
  - 9.3.3.3 Vehicle Type
- 9.3.4 Asia Pacific: Automotive Composite Market Breakdown by Countries
  - 9.3.4.1 Australia Market
    - 9.3.4.1.1 Australia: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.3.4.1.2 Australia: Automotive Composite Market - By Segmentation
      - 9.3.4.1.2.1 Fiber Type
      - 9.3.4.1.2.2 Type
      - 9.3.4.1.2.3 Vehicle Type
  - 9.3.4.2 China Market
    - 9.3.4.2.1 China: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.3.4.2.2 China: Automotive Composite Market - By Segmentation
      - 9.3.4.2.2.1 Fiber Type
      - 9.3.4.2.2.2 Type
      - 9.3.4.2.2.3 Vehicle Type
  - 9.3.4.3 India Market
    - 9.3.4.3.1 India: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.3.4.3.2 India: Automotive Composite Market - By Segmentation
      - 9.3.4.3.2.1 Fiber Type
      - 9.3.4.3.2.2 Type
      - 9.3.4.3.2.3 Vehicle Type
  - 9.3.4.4 Japan Market
    - 9.3.4.4.1 Japan: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.3.4.4.2 Japan: Automotive Composite Market - By Segmentation
      - 9.3.4.4.2.1 Fiber Type
      - 9.3.4.4.2.2 Type
      - 9.3.4.4.2.3 Vehicle Type
  - 9.3.4.5 South Korea Market
    - 9.3.4.5.1 South Korea: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.3.4.5.2 South Korea: Automotive Composite Market - By Segmentation
      - 9.3.4.5.2.1 Fiber Type
      - 9.3.4.5.2.2 Type
      - 9.3.4.5.2.3 Vehicle Type
  - 9.3.4.6 Rest of Asia Pacific Market
    - 9.3.4.6.1 Rest of Asia Pacific: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.3.4.6.2 Rest of Asia Pacific: Automotive Composite Market - By Segmentation
      - 9.3.4.6.2.1 Fiber Type
      - 9.3.4.6.2.2 Type
      - 9.3.4.6.2.3 Vehicle Type
9.4 Middle East and Africa
- 9.4.1 Middle East and Africa Automotive Composite Market Overview
- 9.4.2 Middle East and Africa: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
- 9.4.3 Middle East and Africa: Automotive Composite Market - By Segmentation
  - 9.4.3.1 Fiber Type
  - 9.4.3.2 Type
  - 9.4.3.3 Vehicle Type
- 9.4.4 Middle East and Africa: Automotive Composite Market Breakdown by Countries
  - 9.4.4.1 South Africa Market
    - 9.4.4.1.1 South Africa: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.4.4.1.2 South Africa: Automotive Composite Market - By Segmentation
      - 9.4.4.1.2.1 Fiber Type
      - 9.4.4.1.2.2 Type
      - 9.4.4.1.2.3 Vehicle Type
  - 9.4.4.2 Saudi Arabia Market
    - 9.4.4.2.1 Saudi Arabia: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.4.4.2.2 Saudi Arabia: Automotive Composite Market - By Segmentation
      - 9.4.4.2.2.1 Fiber Type
      - 9.4.4.2.2.2 Type
      - 9.4.4.2.2.3 Vehicle Type
  - 9.4.4.3 United Arab Emirates Market
    - 9.4.4.3.1 United Arab Emirates: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.4.4.3.2 United Arab Emirates: Automotive Composite Market - By Segmentation
      - 9.4.4.3.2.1 Fiber Type
      - 9.4.4.3.2.2 Type
      - 9.4.4.3.2.3 Vehicle Type
  - 9.4.4.4 Rest of Middle East and Africa Market
    - 9.4.4.4.1 Rest of Middle East and Africa: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.4.4.4.2 Rest of Middle East and Africa: Automotive Composite Market - By Segmentation
      - 9.4.4.4.2.1 Fiber Type
      - 9.4.4.4.2.2 Type
      - 9.4.4.4.2.3 Vehicle Type
9.5 South and Central America
- 9.5.1 South and Central America Automotive Composite Market Overview
- 9.5.2 South and Central America: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
- 9.5.3 South and Central America: Automotive Composite Market - By Segmentation
  - 9.5.3.1 Fiber Type
  - 9.5.3.2 Type
  - 9.5.3.3 Vehicle Type
- 9.5.4 South and Central America: Automotive Composite Market Breakdown by Countries
  - 9.5.4.1 Brazil Market
    - 9.5.4.1.1 Brazil: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.5.4.1.2 Brazil: Automotive Composite Market - By Segmentation
      - 9.5.4.1.2.1 Fiber Type
      - 9.5.4.1.2.2 Type
      - 9.5.4.1.2.3 Vehicle Type
  - 9.5.4.2 Argentina Market
    - 9.5.4.2.1 Argentina: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.5.4.2.2 Argentina: Automotive Composite Market - By Segmentation
      - 9.5.4.2.2.1 Fiber Type
      - 9.5.4.2.2.2 Type
      - 9.5.4.2.2.3 Vehicle Type
  - 9.5.4.3 Rest of South and Central America Market
    - 9.5.4.3.1 Rest of South and Central America: Automotive Composite Market Revenue and Forecasts, 2021-2034 (US$ Million)
    - 9.5.4.3.2 Rest of South and Central America: Automotive Composite Market - By Segmentation
      - 9.5.4.3.2.1 Fiber Type
      - 9.5.4.3.2.2 Type
      - 9.5.4.3.2.3 Vehicle Type

10. Automotive Composite Market Industry Landscape

11. Automotive Composite Market - Key Company Profiles

11.1 Gurit Holding AG
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Hexcel Corp
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Mitsubishi Chemical Group Corp
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 SGL Carbon SE
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Solvay SA
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Teijin Ltd
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Toray Industries Inc
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 DuPont de Nemours Inc
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
11.9 Atlas Fibre
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
11.10 Hexion Inc
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments

12. Appendix

12.1 Glossary
12.4 Research Methodology and Approach
- 12.4.1 Secondary Research
- 12.4.2 Primary Research
- 12.4.3 Market Estimation Approach
  - 12.4.3.1 Supply Side Analysis
  - 12.4.3.2 Demand Side Analysis
- 12.4.4 Research Assumptions and Limitations
- 12.4.5 Currency Conversion
12.5 About The Insight Partners
12.6 Market Intelligence Cloud