Automotive Composites Market Report 2026

Automotive Composites Market Overview

• Automotive Composites market size has reached to $8.95 billion in 2025 • Expected to grow to $14.23 billion in 2030 at a compound annual growth rate (CAGR) of 9.5% • Growth Driver: Impact Of Demand For Lightweight And Fuel-Efficient Vehicles On The Automotive Composites Market • Market Trend: Advanced Eco-Friendly Solutions Enhanced Market Growth • Asia-Pacific was the largest region in 2025 and Europe is the fastest growing region.

What Is Covered Under Automotive Composites Market?

Automotive composites refer to materials composed of two or more distinct components combined to enhance vehicle performance, efficiency, and durability. These materials typically include a reinforcing phase, such as fibers or particles, embedded within a matrix material. They are used extensively in automotive manufacturing to reduce weight, improve fuel efficiency, and enhance structural integrity across various vehicle components. The main materials of automotive composites are glass fiber composites, natural fiber composites, carbon fiber composites, aramid fiber composites, and others. Glass fiber composites refer to materials where glass fibers are embedded within a resin matrix, known for their strength, lightweight nature, and versatility in various industrial applications. These composites utilize resins such as thermoplastics and thermosets and are manufactured through processes such as compression molding, injection molding, and resin transfer molding (RTM), and others. They find applications in exterior, interior, structural elements, powertrain and others.

What Is The Automotive Composites Market Growth Forecast?

The automotive composites market size is expected to see strong growth in the next few years. It will grow to $14.23 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to ev production growth, battery range optimization, recyclable composite innovation, high-strength material demand, advanced molding technologies. Major trends in the forecast period include increasing use of lightweight materials, growth of carbon fiber adoption, expansion of structural composite applications, adoption of sustainable composites, integration in ev platforms.

What Is The Driver Of The Automotive Composites Market?

The increasing demand for lightweight and fuel-efficient vehicles is expected to propel the growth of the automotive composites market going forward. Lightweight and fuel-efficient vehicles refer to automobiles designed to minimize overall weight through materials such as composites and alloys, aiming to reduce fuel consumption and emissions while improving performance. The rising adoption of lightweight and fuel-efficient vehicles is driven by regulatory pressures for lower emissions, consumer demand for improved fuel economy, and advancements in materials technology enabling lighter yet stronger vehicle components. Automotive composites are used to replace traditional materials such as steel, reducing vehicle weight and improving fuel efficiency through their high strength-to-weight ratio and design flexibility. For instance, in June 2024, according to the Bureau of Economic Analysis, a US-based government agency, the sales of lightweight vehicles, encompassing automobiles and light trucks, surged from 13.5 million units in December 2022 to 16.1 million units by December 2023 in the USA. Therefore, the increasing demand for lightweight and fuel-efficient vehicles will drive the automotive composites industry.

Key Players In The Global Automotive Composites Market

Major companies operating in the automotive composites market report include BASF SE, Compagnie de Saint-Gobain S.A, Toray Industries Inc., DuPont de Nemours Inc., Owens Corning Corporation, Lanxess AG, Teijin Ltd., Solvay S.A., 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

Global Automotive Composites Market Trends and Insights

Major companies operating in the automotive composites market are focused on developing innovations such as glass fiber composite technology to enhance strength and reduce weight in vehicle manufacturing. Glass fiber composite technology refers to the use of glass fibers embedded in a resin matrix to create strong and lightweight materials for various applications, including automotive components. For instance, in June 2024, Navrattan Group, an India-based technology company, launched the E-Bus, built using composite fiber materials. Employing high-quality glass fiber composite technology merged with integrated processes, this E-Bus represents a leap forward in electric vehicle design. The use of these advanced materials results in a reduced body weight and a lower gross vehicle weight, significantly enhancing the overall efficiency of the bus.

What Are Latest Mergers And Acquisitions In The Automotive Composites Market?

In September 2023, Michelin, a France-based tire manufacturing company, acquired Flex Composite Group for $754.22 million (€700 million). Through this acquisition, companies will combine their expertise in polymer composite solutions, with Michelin bringing its unparalleled innovation and R&D capabilities and FCG contributing advanced customer engagement and industrial process expertise. Flex Composite Group is a France-based advanced automotive composite material manufacturing company.

What Defines the Automotive Composites Market?

The automotive composites market consists of sales of metal matrix composites, polymer matrix composites, and carbon nanotube composites. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Automotive Composites Market Report 2026?

The automotive composites market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the automotive composites industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.