Product Code: PMRREP4368
The global automotive composites market is set to experience significant growth, projected to reach a valuation of US$48 billion by 2031, with a compound annual growth rate (CAGR) of 16% from 2024 to 2031.
Key Market Highlights:
- Market Valuation (2024): Growing towards US$48 billion by 2031
- CAGR (2024-2031): 16%
Key Drivers and Trends:
1. Consumer Demand for Fuel Efficiency: Evolving consumer preferences for more convenient and fuel-efficient vehicles are driving the demand for automotive composites. Composites offer benefits such as reduced weight and enhanced fuel efficiency, aligning with the growing emphasis on eco-friendly and cost-effective transportation solutions.
2. Rise of Electric and Autonomous Vehicles: The surge in electric and autonomous vehicles is propelling the need for advanced automotive composites. These vehicles require lightweight materials to optimize performance and energy efficiency, boosting demand for innovative composite solutions.
3. Asia Pacific Dominance: The Asia Pacific region leads the global automotive composites market with a substantial 26% share. The rapid growth in vehicle production, particularly in China, India, and Thailand, drives this dominance. These countries are expected to contribute significantly to the market expansion, given their large volume of vehicles and extensive four-wheeler markets.
Regional Insights:
- Asia Pacific: The region remains the largest and fastest-growing market, driven by high vehicle production rates and significant demand for automotive composites in emerging economies like China, India, and Thailand. The robust automotive industry in these countries ensures continued growth in the market.
- North America: In North America, the focus on energy-saving automobile composites, such as natural fiber composites, is supported by substantial government assistance. Public awareness and environmental policies are expected to sustain the market for these composites.
- Europe: The European automotive composites market is driven by the adoption of environmentally friendly materials. OEMs in the region are prioritizing the use of natural composites to comply with government regulations and align with sustainability goals.
- Latin America and Middle East & Africa: These regions are in the growth stage of their automotive composites market lifecycle. The anticipated expansion of the automotive industry in these areas is expected to drive increased market share and growth opportunities during the forecast period.
Conclusion:
The automotive composites market is poised for substantial growth, driven by shifting consumer preferences, advancements in vehicle technology, and increasing adoption in key global regions. The market's expansion reflects broader trends toward sustainability and efficiency in the automotive sector.
Key Companies Profiled:
- Toray Industries Inc.
- Gurit Holding AG
- Solvay Group
- SGL Carbon SE
- Teijen Limited
- Mitsubishi Chemical Holding
- Owen Corning
- E.I. du Pont de Nemours & Co.
- UFP Technologies Inc.
- Quantum Composites
Automotive Composites Market Segmentation
By Fiber
- Glass
- Carbon
- Natural Automotive Composites
- PTZ Cameras
By Resin
By Application
- Exterior
- Interior
- Structural
By Region
- North America
- Latin America
- Europe
- South Asia & Oceania
- East Asia
- The Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Automotive Composites Market Snapshot, 2024-2031
- 1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Automotive Spending Outlook
- 2.4. COVID-19 Impact Analysis
- 2.5. Forecast Factors - Relevance and Impact
3. Value Added Insights
- 3.1. Fibre Adoption Analysis
- 3.2. Technology Assessment
- 3.3. Regulatory Landscape
- 3.4. Value Chain Analysis
List of Raw Material Supplier
List of Manufacturers
List of Distributors
Profitability Analysis
- 3.5. Key Deals and Mergers
- 3.6. PESTLE Analysis
- 3.7. Porter's Five Force Analysis
- 3.8. Geopolitical Tensions: Market Impact
4. Price Trend Analysis, 2019-2031
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Product Prices
- 4.3. Pricing Analysis, By Fibre
- 4.4. Regional Prices and Product Preferences
5. Global Automotive Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
- 5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
- 5.3. Global Automotive Composites Market Outlook: Fibre
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) Analysis, By Fibre, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) Forecast, By Fibre, 2024-2031
- 5.3.3.1. Glass
- 5.3.3.2. Carbon
- 5.3.3.3. Natural Automotive Components
- 5.3.3.4. PTZ Cameras
- 5.4. Market Attractiveness Analysis: Fibre
- 5.5. Global Automotive Composites Market Outlook: Resins
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Resins, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Resins, 2024-2031
- 5.5.3.1. Thermoset
- 5.5.3.2. Thermoplastic
- 5.6. Market Attractiveness Analysis: Resins
- 5.7. Global Automotive Composites Market Outlook: Application
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis, By Application, 2019-2023
- 5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 5.7.3.1. Exterior
- 5.7.3.2. Interior
- 5.7.3.3. Structural
- 5.8. Market Attractiveness Analysis: Application
6. Global Automotive Composites Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) Analysis, By Region, 2019-2023
- 6.3. Current Market Size (US$ Bn) Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Automotive Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Fibre
- 7.3.3. By Resins
- 7.3.4. By Application
- 7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
- 7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Fibre, 2024-2031
- 7.5.1 Glass
- 7.5.2 Carbon
- 7.5.3 Natural Automotive Composites
- 7.5.4 PTZ Cameras
- 7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Resins, 2024-2031
- 7.6.1. Thermoset
- 7.6.2. Thermoplastic
- 7.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 7.7.1. Exterior
- 7.7.2. Interior
- 7.7.3. Structural
- 7.8. Market Attractiveness Analysis
8. Europe Automotive Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Fibre
- 8.3.3. By Resins
- 8.3.4. By Application
- 8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
- 8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Fibre, 2024-2031
- 8.5.1 Glass
- 8.5.2 Carbon
- 8.5.3 Natural Automotive Composites
- 8.5.4 PTZ Cameras
- 8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Resins, 2024-2031
- 8.6.1. Thermoset
- 8.6.2. Thermoplastic
- 8.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 8.7.1. Exterior
- 8.7.2. Interior
- 8.7.3. Structural
- 8.8. Market Attractiveness Analysis
9. East Asia Automotive Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Fibre
- 9.3.3. By Resins
- 9.3.4. By Application
- 9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
- 9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Fibre, 2024-2031
- 8.5.5 Glass
- 8.5.6 Carbon
- 8.5.7 Natural Automotive Composites
- 8.5.8 PTZ Cameras
- 9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Resins, 2024-2031
- 9.6.1. Thermoset
- 9.6.2. Thermoplastic
- 9.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 9.7.1. Exterior
- 9.7.2. Interior
- 9.7.3. Structural
- 9.8. Market Attractiveness Analysis
10. South Asia & Oceania Automotive Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Fibre
- 10.3.3. By Resins
- 10.3.4. By Application
- 10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
- 10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Fibre, 2024-2031
- 10.5.1 Glass
- 10.5.2 Carbon
- 10.5.3 Natural Automotive Composites
- 10.5.4 PTZ Cameras
- 10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Resins, 2024-2031
- 10.6.1. Thermoset
- 10.6.2. Thermoplastic
- 10.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 10.7.1. Exterior
- 10.7.2. Interior
- 10.7.3. Structural
- 10.8. Market Attractiveness Analysis
11. Latin America Automotive Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Fibre
- 11.3.3. By Resins
- 11.3.4. By Application
- 11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
- 11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Fibre, 2024-2031
- 10.5.5 Glass
- 10.5.6 Carbon
- 10.5.7 Natural Automotive Composites
- 10.5.8 PTZ Cameras
- 11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Resins, 2024-2031
- 11.6.1. Thermoset
- 11.6.2. Thermoplastic
- 11.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 11.7.1. Exterior
- 11.7.2. Interior
- 11.7.3. Structural
- 11.8. Market Attractiveness Analysis
12. Middle East & Africa Automotive Composites Market Outlook: Historical (2019-2023) and Forecast (2024-2031)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By Fibre
- 12.3.3. By Resins
- 12.3.4. By Application
- 12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
- 12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Fibre, 2024-2031
- 10.5.9 Glass
- 10.5.10 Carbon
- 10.5.11 Natural Automotive Composites
- 10.5.12 PTZ Cameras
- 12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Resins, 2024-2031
- 12.6.1. Thermoset
- 12.6.2. Thermoplastic
- 12.7. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 12.7.1. Exterior
- 12.7.2. Interior
- 12.7.3. Structural
- 12.8. Market Attractiveness Analysis
13. Competition Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Toray Industries Inc.
- 13.3.1.1. Overview
- 13.3.1.2. Segments and Fibres
- 13.3.1.3. Key Financials
- 13.3.1.4. Market Developments
- 13.3.1.5. Market Strategy
- 13.3.2. Gurit Holding AG
- 13.3.3. Solvay Group
- 13.3.4. SGL Carbon SE
- 13.3.5. Teijen Limited
- 13.3.6. Mitsubishi Chemical Holding
- 13.3.7. Owen Corning
- 13.3.8. E.I. du Pont de Nemours & Co.
- 13.3.9. UFP Technologies Inc.
- 13.3.10. Quantum Composites
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations