Automotive Composites Market Regional Analysis:
Asia Pacific Market Forecast
The Asia Pacific automotive composites market is estimated to account for largest revenue share by the end of 2034, on the back of increased demand for vehicles among the population. The total production of vehicles in the region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. Similarly, the total sales in the region were 42,663,736 units in 2021, a rise from 40,322,544 in 2020 as per statistics released by the International Organization of Motor Vehicles. In addition, the presence of major key players and leading exporters and importers of vehicles in the region is expected to offer growth opportunities for the market. In 2021, China exported around 402,000 commercial vehicles and 1.6 million passenger vehicles.
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.
