Automotive Composites Market Analysis

Vehicle Type (Passenger Cars, HCVs, LCVs)

The automotive composites market is segmented and analyzed for demand and supply by vehicle type into passenger cars, HCVs, LCVs, and others. Out of these, the passenger cars segment is attributed to garner the highest market share by 2037, owing 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:

By Fiber	Glass Carbon Natural
By Resin	Thermostat Thermoplastic
By Application	Exterior Interior Structural & Powertrain Others
By Manufacturing Process	Compression Molding Injection Molding Resin Transfer Molding Others
By Vehicle Type	Passenger Cars HCVs LCVs Others

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive composites is assessed at USD 14.41 billion.

The automotive composites market size was valued at USD 13.69 billion in 2024 and is likely to reach USD 31.33 billion by the end of 2037, registering around 6.7% CAGR during the forecast period i.e., between 2025-2037. The expansion in automotive industry and the increased demand for vehicles will drive the market growth.

Asia Pacific industry is predicted to hold majority revenue share by 2037, on the back of increased demand for vehicles among the population in the region.

The major players in the market 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.

Automotive Composites Market Analysis