Automotive Composite Market Size Worth USD 40.54 Billion by 2034 | CAGR: 6.5%

The automotive composites market size is expected to reach USD 40.54 Billion by 2034, according to a new study by Polaris Market Research. The report “Automotive Composite Market Size, Share, Trends, & Industry Analysis Report By (Non-Electric and Electric), By Fiber Type, By Manufacturing Process, By Resin Type, By Application, and By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The automotive composites market is gaining strong momentum as car manufacturers look for smarter ways to reduce vehicle weight and improve fuel efficiency. Composites such as carbon fiber, glass fiber, and natural fiber are used more widely in both electric and traditional vehicles to support lightweight design without compromising strength or safety.

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Composite materials offer strong, durable, and corrosion-resistant alternatives to traditional metals, making them essential in both passenger and commercial vehicle production. Growing focus on sustainability and performance among vehicle manufacturers is expected to drive steady adoption of composites in the coming years.

Automotive Composite Market Report Highlights

• Based on vehicle type, the non-electric vehicle segment accounted for significant revenue share in 2024, due to the extensive integration of composite materials in passenger cars and commercial vehicles.
• In terms of fiber type, the glass fiber segment dominated the market in 2024. This is owing to cost-effectiveness, high tensile strength, and suitability for high-volume manufacturing.
• Based on manufacturing process, the compression molding process segment accounted for the largest share of the market in 2024. This process is widely adopted for manufacturing high-strength and lightweight automotive parts using fiber-reinforced composites.
• Based on application, the exterior segment held the largest revenue share in 2034, due to the growing need to meet emission targets and increase fuel economy in vehicles.
• Asia Pacific accounted for the majority share in the global automotive composite market in 2024. This dominance is due to rapid expansion in electric vehicle manufacturing, supported by government initiatives and localized production incentives.
• North America automotive composite market accounted for significant share in 2024, due to the region's well-established and technologically advanced automotive manufacturing infrastructure
• A few global key market players include Calier S.A., ElringKlinger AG, Exel Composites Plc, Flex-N-Gate Corporation, Georg Fritzmeir GmbH & Co. KG, Hengrui Corporation, IDI Composites International, Inc., Kautex Textron GmbH & Co. KG, Mitsubishi Chemical Group Corporation, Muhr und Bender KG (Mubea), POLYTEC HOLDING AG, Piran Advanced Composites Ltd., Röchling SE & Co. KG, SGL Carbon SE, and Syensqo SA.

Polaris Market Research has segmented the market report on the basis of vehicle type, fiber type, manufacturing process, resin type, application, and region:

By Vehicle Type Outlook (Revenue, USD Billion; Volume, Kilotons; 2020–2034)

• Non-Electric
• Electric

By Fiber Type Outlook (Revenue, USD Billion; Volume, Kilotons; 2020–2034)

• Carbon Fiber
• Glass Fiber
• Other Fiber Types

By Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilotons; 2020–2034)

• Compression Molding Process
• Injection Molding Process
• Resin Transfer Molding Process
• Other Manufacturing Processes

By Resin Type Vertical Outlook (Revenue, USD Billion; Volume, Kilotons; 2020–2034)

• Thermoset
• Thermoplastic

By Application Vertical Outlook (Revenue, USD Billion; Volume, Kilotons; 2020–2034)

• Exterior
• Interior
• Powertrain & Chassis
• Battery Enclosures

By Regional Outlook (Revenue, USD Billion; Volume, Kilotons; 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America