Vietnam Automotive Composite Market Size, Share, Trends and Forecast by Material Type, Manufacturing Process, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A42568

Vietnam Automotive Composite Market Overview:

The Vietnam automotive composite market size reached USD 106.65 Million in 2024. The market is projected to reach USD 184.61 Million by 2033, exhibiting a growth rate (CAGR) of 5.64% during 2025-2033. The market is driven by the rising demand for lightweight and fuel-efficient vehicles with composite materials like fiberglass and carbon fiber contributing to better fuel economy and lower emissions. Additionally, thermoplastic composite manufacturing technologies are increasingly adopted because they offer improved recyclability together with processing efficiency, greatly expanding the Vietnam automotive composite market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 106.65 Million
Market Forecast in 2033	USD 184.61 Million
Market Growth Rate 2025-2033	5.64%

Vietnam Automotive Composite Market Trends:

Lightweight Materials Demand for Fuel Efficiency

Vietnam's automotive composite industry is experiencing important transformation because increasing demand drives lightweight and fuel-efficient vehicles throughout all vehicle segments. Environmental awareness is growing among Vietnamese consumers, compelling automotive manufacturers now. Since emission regulations are stringent, manufacturers are adopting advanced composite materials in order to reduce vehicle weight without any compromise of structural integrity. Composite materials like fiberglass and carbon fiber are becoming essential components in modern vehicle manufacturing as they contribute to better fuel economy, lower emissions, and improved overall vehicle performance, supporting global sustainability efforts. The integration of these materials enables manufacturers to achieve substantial weight reductions compared to traditional steel and aluminum components, resulting in enhanced acceleration, braking performance, and handling characteristics. Vietnamese automotive companies are increasingly collaborating with international composite material suppliers to develop localized supply chains that can meet the growing demand for lightweight solutions. The Vietnam automotive composite market growth is further accelerated by government initiatives promoting cleaner transportation technologies and fuel efficiency standards that encourage the adoption of advanced materials in domestic vehicle production.

Glass Fiber Composites Market Expansion

The glass fiber composite segment represents a cornerstone of Vietnam's automotive composite market, benefiting from robust global growth trends and increasing regional manufacturing capabilities. This growth trajectory creates substantial opportunities for Vietnamese manufacturers to participate in global supply chains while developing domestic production capabilities. Glass fiber reinforced plastics offer exceptional strength-to-weight ratios, corrosion resistance, and design flexibility that make them ideal for exterior panels, structural components, and interior applications. Vietnamese automotive manufacturers are investing in advanced glass fiber composite processing technologies including compression molding, injection molding, and resin transfer molding to meet diverse application requirements. The material's cost-effectiveness compared to carbon fiber alternatives makes it particularly attractive for mass-market vehicle production, aligning with Vietnam's strategy to become a major automotive manufacturing hub in Southeast Asia.

Thermoplastic Composite Manufacturing Growth

The thermoplastic composite segment is emerging as a critical growth driver in Vietnam's automotive composite market, supported by advancing manufacturing technologies and increasing sustainability requirements. Thermoplastic composites offer significant advantages over traditional thermoset materials, including faster processing cycles, recyclability, and the ability to be reformed and reshaped multiple times without degrading material properties. These characteristics align perfectly with Vietnam's circular economy initiatives and automotive manufacturers' sustainability goals. Vietnamese companies are adopting advanced thermoplastic processing technologies such as injection molding and compression molding to produce high-quality components for both domestic and export markets. The recent launch of innovative products demonstrates the industry's commitment to developing specialized thermoplastic solutions that meet stringent automotive safety and performance requirements while maintaining environmental compliance.

Vietnam Automotive Composite Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on material type, manufacturing process, and application.

Material Type Insights:

Glass Fiber
Carbon Fiber
Thermoset
Thermoplastic
Others

The report has provided a detailed breakup and analysis of the market based on material type. This includes glass fiber, carbon fiber, thermoset, thermoplastic, and others.

Manufacturing Process Insights:

Compression Molding
Injection Molding
Resin Transfer Molding (RTM)
Others

A detailed breakup and analysis of the market based on manufacturing process have also been provided in the report. This includes compression molding, injection molding, resin transfer molding (RTM), and others.

Application Insights:

Exterior
Interior
Powertrain
Chassis
Others

The report has provided a comprehensive analysis of the market based on application. This includes exterior, interior, powertrain, chassis, and others.

Regional Insights:

Northern Vietnam
Central Vietnam
Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Automotive Composite Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Material Type Manufacturing Process Application Region
Material Types Covered	Glass Fiber, Carbon Fiber, Thermoset, Thermoplastic, Others
Manufacturing Processes Covered	Compression Molding, Injection Molding, Resin Transfer Molding (RTM), Others
Applications Covered	Exterior, Interior, Powertrain, Chassis, Others
Regions Covered	Northern Vietnam, Central Vietnam, Southern Vietnam
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)

Key Questions Answered in This Report:

How has the Vietnam automotive composite market performed so far and how will it perform in the coming years?
What is the breakup of the Vietnam automotive composite market on the basis of material type?
What is the breakup of the Vietnam automotive composite market on the basis of manufacturing process?
What is the breakup of the Vietnam automotive composite market on the basis of application?
What is the breakup of the Vietnam automotive composite market on the basis of region?
What are the various stages in the value chain of the Vietnam automotive composite market?
What are the key driving factors and challenges in the Vietnam automotive composite market?
What is the structure of the Vietnam automotive composite market and who are the key players?
What is the degree of competition in the Vietnam automotive composite market?

Key Benefits for Stakeholders:

IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam automotive composite market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam automotive composite market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam automotive composite industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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Vietnam Automotive Composite Market