Automotive Composites Market Segmentation:
Vehicle Type (Passenger Cars, HCVs, LCVs)
The passenger cars segment is expected to dominate highest automotive composites market share by 2034, attributed to its high demand by the swelling population, increasing R7D activities to improve the scope of automotive composites, and growing preference for composites in the exterior of cars and vehicles. International Organization of Motor Vehicle Manufacturers (OICA) stated that global passenger vehicles sales rose from 53,917,153 units in 2020 to 56,398,471 units in 2021, whereas, the production rose from 55,908,989 in 2020 to 57,054,295 in 2021.
Our in-depth analysis of the global automotive composites market includes the following segments:
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By Fiber |
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By Resin |
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By Application |
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By Manufacturing Process |
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By Vehicle Type |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of automotive composites is evaluated at USD 10.62 billion.
Automotive Composites Market size was valued at USD 9.53 billion in 2024 and is set to exceed USD 33.81 billion by 2034, expanding at over 13.5% CAGR during the forecast period i.e., between 2025-2034.
Asia Pacific is poised to account for largest industry share by 2034.
The key market players include Teijin Group, SGL CARBON SE, Mitsubishi Chemical Corporation, Toray Industries, Inc., RTP Company, Plasan Carbon Composites, Inc., Owens Corning, Solvay SA, UFP Technologies, Inc., BASF.
