Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Composites Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Automotive Composites Market Grow Between 2024 and 2025?
The market size of the automotive composites has seen considerable growth recently. The market expanded from $8.14 billion in 2024 to $8.95 billion in 2025, marking a compound annual growth rate (CAGR) of 10.0%.
How Much Will the Automotive Composites Market Be Worth in 2029?
The Automotive Composites Global Market is predicted to reach a size of $13.11 billion in 2029, with a compound annual growth rate (CAGR) of 10.0%.
Download the Free Sample Now:
Which Automotive Composites Market Drivers Are Linked to Revenue Growth?
The key drivers in the automotive composites market are:
• Ongoing growth in the Electric Vehicle (EV) market
• Increased emphasis on recycling and reuse of materials boosting innovation in sustainable composite solutions
• Rapid industrialization and increased investments in research and development
• Expansion of charging infrastructure for electric vehicles
Which Segments Are Expected to Grow in the Automotive Composites Market?
The automotive composites market covered in this report is segmented –
1) By Material: Glass Fiber Composites, Natural Fiber Composites, Carbon Fiber Composites, Aramid Fiber Composites, Other Materials
2) By Resin: Thermoplastic, Thermoset
3) By Manufacturing Process: Compression Molding, Injection Molding, Resin Transfer Molding (RTM), Other Manufacturing Processes
4) By Application: Exterior, Interior, Structural And Powertrain, Other Applications
Explore the Complete Market Report:
What Are The Key Trends Impacting Growth In The Global Automotive Composites Market?
The key trends in the automotive composites market are:
• The adoption of 3D printing and additive manufacturing is a prominent emerging trend.
• There's an increasing integration of nanoparticles into automotive composites.
• A trend towards greater use of renewable and bio-based materials is noted.
• Advanced software tools for optimizing composite component structures and the development of advanced coatings are also gathering traction.
Who Are the Key Competitors in the Global Automotive Composites Market?
Major players in the automotive composites market are:
• BASF SE
• General Electric Company
• Compagnie de Saint-Gobain S.A
• Toray Industries Inc.
• DuPont de Nemours Inc.
• Owens Corning Corporation
• Lanxess AG
• Teijin Ltd.
• Solvay S.A.
• Nippon Sheet Glass Co. Ltd.
• Avient Corporation
• Johns Manville Corp.
• Hexcel Corporation
• SGL Carbon India Private Limited
• Gurit (Tianjin) Composite Material Co. Ltd.
• Momentive Performance Materials Inc.
• UFP Technologies Inc.
• Exel Composites plc
• Mitsubishi Chemical Carbon Fiber and Composites Inc.
• Sigmatex Limited
• Composites Evolution Ltd.
• Innegra Technologies LLC
Where Is the Automotive Composites Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the automotive composites market in 2024
