Automotive Composite Market Report by Material Type (Glass Fiber, Carbon Fiber, Thermoset, Thermoplastic, and Others), Manufacturing Process (Compression Molding, Injection Molding, Resin Transfer Molding (RTM), and Others), Application (Exterior, Interior, Powertrain, Chassis, and Others), and Region 2026-2034

Automotive Composite Market Report by Material Type (Glass Fiber, Carbon Fiber, Thermoset, Thermoplastic, and Others), Manufacturing Process (Compression Molding, Injection Molding, Resin Transfer Molding (RTM), and Others), Application (Exterior, Interior, Powertrain, Chassis, and Others), and Region 2026-2034

Report Format: PDF+Excel | Report ID: SR112026A3837

Market Overview:

The global automotive composite market size reached USD 30.7 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 58.3 Billion by 2034, exhibiting a growth rate (CAGR) of 7.18% during 2026-2034.

Report Attribute 
Key Statistics
Base Year
2025
Forecast Years
2026-2034
Historical Years
2020-2025
Market Size in 2025
USD 30.7 Billion
Market Forecast in 2034
USD 58.3 Billion
Market Growth Rate (2026-2034) 7.18%

Automotive composites are materials made using a combination of high-performance fibers, such as carbon or glass, and adhesive binders like epoxy polymer. They are applied on different automotive parts, ranging from forward-facing headlamps through beneath-the-hood electrical and heat-shielding to the exterior body and interior structures. As these composites offer ease in manufacturing, high stiffness and strength, and excellent energy-absorbing and dimensional stability, original equipment manufacturers (OEMs) across the globe are replacing steel with automotive composites to improve the safety, durability, and fuel efficiency of vehicles.

Automotive Composite Market Size

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Due to severe air pollution, environmental agencies of numerous countries are implementing strict regulations for minimizing carbon dioxide (CO2) emissions from automobiles. This represents one of the key factors encouraging OEMs around the world to adopt new technologies, such as automotive composites, to reduce the weight of vehicles and maintain their strength and structural integrity. This is also being supported by the rising digitalization, the increasing adoption of electric vehicles (EVs), and the growing focus on redesigning existing vehicles with increased safety and performance. Apart from this, the leading players are developing low-cost manufacturing methods for automotive composites, which is contributing to the market growth. Furthermore, governing agencies of several countries are encouraging the utilization of automotive composites, which is anticipated to influence the market positively. For instance, the National Composites Center (NCC) of Japan has pursued a technology development project to improve the function of carbon fiber reinforced thermoplastic (CFRTP) composites for automotive structures.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive composite market report, along with forecasts at the global, regional and country levels from 2026-2034. Our report has categorized the market based on material type, manufacturing process and application.

Breakup by Material Type:

  • Glass Fiber
  • Carbon Fiber
  • Thermoset
  • Thermoplastic
  • Others
     

Breakup by Manufacturing Process:

  • Compression Molding
  • Injection Molding
  • Resin Transfer Molding (RTM)
  • Others
     

Breakup by Application:

Automotive Composite Market By Application

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  • Exterior
  • Interior
  • Powertrain
  • Chassis
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Gurit Holding AG, Hexcel Corporation, Hexion, Huntsman Corporation, Johns Manville (Berkshire Hathaway), Mitsubishi Chemical Carbon Fiber and Composites Inc. (Mitsubishi Chemical Holdings Corporation), Scott Bader Company Ltd, SGL Carbon, Solvay, Teijin Limited, Toray Industries Inc. and UFP Technologies Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2025
Historical Period 2020-2025
Forecast Period 2026-2034
Units Billion USD
Segment Coverage Material Type, Manufacturing Process, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Gurit Holding AG, Hexcel Corporation, Hexion, Huntsman Corporation, Johns Manville (Berkshire Hathaway), Mitsubishi Chemical Carbon Fiber and Composites Inc. (Mitsubishi Chemical Holdings Corporation), Scott Bader Company Ltd, SGL Carbon, Solvay, Teijin Limited, Toray Industries Inc. and UFP Technologies Inc.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Frequently Asked Questions About the Automotive Composite Market Report

We expect the global automotive composite market to exhibit a CAGR of 7.18% during 2026-2034.

The rising popularity of automotive composites among various Original Equipment Manufacturers (OEMs), as they offer safety and fuel efficiency over steel, is primarily driving the global automotive composite market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for automotive composites.

Based on the material type, the global automotive composite market can be categorized into glass fiber, carbon fiber, thermoset, thermoplastic, and others. Currently, glass fiber accounts for the majority of the global market share.

Based on the manufacturing process, the global automotive composite market has been segregated into compression molding, injection molding, Resin Transfer Molding (RTM), and others. Among these, injection molding currently exhibits a clear dominance in the market.

Based on the application, the global automotive composite market can be bifurcated into exterior, interior, powertrain, chassis, and others. Currently, exterior holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global automotive composite market include Gurit Holding AG, Hexcel Corporation, Hexion, Huntsman Corporation, Johns Manville (Berkshire Hathaway), Mitsubishi Chemical Carbon Fiber and Composites Inc. (Mitsubishi Chemical Holdings Corporation), Scott Bader Company Ltd, SGL Carbon, Solvay, Teijin Limited, Toray Industries Inc., and UFP Technologies Inc.

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Automotive Composite Market Report by Material Type (Glass Fiber, Carbon Fiber, Thermoset, Thermoplastic, and Others), Manufacturing Process (Compression Molding, Injection Molding, Resin Transfer Molding (RTM), and Others), Application (Exterior, Interior, Powertrain, Chassis, and Others), and Region 2026-2034
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