Automotive Exterior Composites Market Valued at USD 11.89 Billion in 2023: Expected to Reach USD 16.96 Billion by 2030 with a CAGR of 5.20%

The 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at US$ 11.89 Billion in 2023 and is projected to grow at a CAGR of 5.20% from 2024 to 2030, reaching nearly US$ 16.96 Billion by 2030. This growth is driven by increasing adoption of lightweight, durable, and corrosion-resistant materials in automotive manufacturing.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The automotive exterior composites market is a key segment in the composite industry, attracting significant interest from global players. These materials are widely used in various automotive components, offering high strength, durability, and resistance to corrosion. The growing demand for lightweight materials to improve fuel efficiency and reduce carbon emissions is propelling the market. Applications include bumpers, fenders, doors, and roofs, where composites provide durability and minimize maintenance costs, making them an attractive alternative to traditional metal components.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲:https://www.stellarmr.com/report/req_sample/Automotive-Exterior-Composites-Market/547

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

The growth of the automotive exterior composites market is fueled by the rising demand for lightweight materials to improve fuel efficiency and meet stringent emission regulations. Composite materials such as injection-molded and resin-infused components offer superior strength, corrosion resistance, and flexibility, enabling automakers to reduce vehicle weight without compromising safety. The increasing adoption of advanced composites in electric vehicles and advancements in resin infusion technology are further driving the market. Moreover, government policies promoting sustainable manufacturing practices and the growing popularity of durable, low-maintenance materials contribute to market expansion.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Key trends in the automotive exterior composites market include the increasing use of resin-infused and injection-molded composites, which enable faster production, reduced material waste, and enhanced performance. Lightweight composites are gaining traction in applications such as bumpers, fenders, and front-end modules, where their ability to improve fuel efficiency and durability is highly valued. The Asia-Pacific region, led by China and India, is witnessing rapid growth due to government initiatives to boost local manufacturing. Additionally, the adoption of composites in electric vehicles to optimize weight and performance is a notable trend shaping the market's future.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.stellarmr.com/report/enquire_now/Automotive-Exterior-Composites-Market/547

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞𝐬

𝐕𝐢𝐞𝐭𝐧𝐚𝐦: 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's automotive sector is rapidly growing, with increased investments in vehicle production and infrastructure. The demand for exterior composites is rising as automakers focus on reducing vehicle weight to enhance fuel efficiency. Companies such as VinFast are exploring partnerships with global composite manufacturers like Hexcel Corporation to integrate advanced materials into their production lines. Trends indicate a shift toward using recycled and sustainable composites in Vietnam's automotive industry.

𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝: 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's position as a leading automotive manufacturing hub in Southeast Asia is driving the adoption of exterior composites. The market is projected to grow at a CAGR of 6.5%, supported by government incentives for eco-friendly manufacturing. Key players like Toray Industries and Mitsubishi Chemical Corporation are introducing innovative composite solutions tailored for Thailand's automotive industry. Consolidation efforts include joint ventures to expand production capacities and meet rising demand.

𝐉𝐚𝐩𝐚𝐧: 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's advanced technological ecosystem and strong automotive industry are propelling the adoption of exterior composites. Leading companies such as Toray Industries and Teijin Limited are pioneering the development of high-performance composites. Trends in Japan highlight the integration of carbon fiber-reinforced polymers (CFRPs) to improve strength-to-weight ratios and enhance vehicle performance. The country's focus on sustainability is also driving the adoption of bio-based composites.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚: 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's automotive exterior composites market is witnessing significant growth, driven by the country's robust automotive exports and innovation in material technologies. Recent mergers, such as LG Chem's acquisition of smaller composite firms, have bolstered the competitive landscape. South Korea's emphasis on electric vehicles (EVs) and lightweight materials is driving the adoption of advanced composites in EV manufacturing.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞: 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's strategic focus on innovation has accelerated the adoption of automotive exterior composites. Companies like DSM Engineering Materials are introducing cutting-edge composites designed for electric and hybrid vehicles. Updation efforts include collaborations with research institutions to develop next-generation materials with enhanced durability and sustainability. Singapore's role as a regional innovation hub positions it as a key player in the composites market.

𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The United States leads the automotive exterior composites market, driven by its extensive automotive production capabilities and stringent emission regulations. The market is projected to grow at a CAGR of 7.0%, fueled by the demand for lightweight materials in EVs and high-performance vehicles. Companies such as Owens Corning and Hexcel Corporation are at the forefront, offering advanced composite solutions. Recent mergers include Owens Corning's acquisition of a thermoplastics company to expand its product portfolio.

𝐄𝐮𝐫𝐨𝐩𝐞: 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's automotive exterior composites market is expanding steadily, supported by stringent sustainability regulations and the transition to electric vehicles. Countries like Germany, France, and Italy are leading the market, with significant investments in R&D. Key players such as SGL Carbon and Solvay are driving growth through innovative composite solutions. Recent trends include partnerships with automakers to develop lightweight body panels and structural components.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @https://www.stellarmr.com/report/req_sample/Automotive-Exterior-Composites-Market/547

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

by Type

Injection molded
Compression molded
Resin infused

by Application

Bumpers
Fenders
Front end module
Doors and Roof

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Automotive-Exterior-Composites-Market/547

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐄𝐱𝐭𝐞𝐫𝐢𝐨𝐫 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

Celanese (US)
DSM (Switzerland)
DowDuPont (US)
Huntsman Corporations (US)
Ashland Performance Materials (US)
LyondellBasell (Netherlands)
Owens Corning (US)
AOC Resins (Switzerland)
Plastic Omnium (France)
Samvardhana Motherson Group (India)
Denso Corporation (Japan)
Rochling Group (Germany)
Valeo Group (France)
Stahl Automotive Solutions (US)
Toray Industries Inc (Japan)

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

♦ Vacuum Insulated Pipe Market https://www.stellarmr.com/report/Vacuum-Insulated-Pipe-Market/986
♦ Towel Warmers Market https://www.stellarmr.com/report/Towel-Warmers-Market/1013
♦ Well Casing Market https://www.stellarmr.com/report/Well-Casing-Market/1018
♦ Wind Turbine Market https://www.stellarmr.com/report/Wind-Turbine-Market/1020
♦ 3D Display Market https://www.stellarmr.com/report/3D-Display-Market/1132
♦ Allyl Chloride Market https://www.stellarmr.com/report/Allyl-Chloride-Market/1134
♦ Containerboard Market https://www.stellarmr.com/report/Containerboard-Market/1147
♦ Digitally Printed Wallpaper Market https://www.stellarmr.com/report/Digitally-Printed-Wallpaper-Market/1149
♦ Food Service Equipment Market https://www.stellarmr.com/report/Food-Service-Equipment-Market/1155

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com

𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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