EV Composite Materials Battery Enclosures Market Share Driven by Light weighting and Thermal Safety Innovation | Valuates Reports

EV Composite Materials Battery Enclosures Market Size
The global market for EV Composite Materials Battery Enclosures was valued at US$ 726 million in the year 2023 and is projected to reach a revised size of US$ 1251 million by 2030, growing at a CAGR of 8.1% during the forecast period.

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The EV composite materials battery enclosures market is gaining strong momentum as electric vehicle manufacturers increasingly shift from traditional metal housings to advanced composites that offer high strength, reduced weight, and superior thermal protection. Market trends reveal a growing demand for innovative materials capable of meeting the dual requirements of crash safety and energy efficiency. The need to extend driving range, reduce overall vehicle weight, and ensure battery protection under extreme conditions is expanding the overall market size. Government emission regulations and the adoption of sustainable materials are further accelerating market growth across global EV supply chains.

By type, glass fiber reinforced polymer (GFRP) enclosures hold the largest market share due to their balance of affordability, structural performance, and resistance to corrosion and impact. These enclosures are widely used in mainstream electric vehicles where cost-effectiveness is crucial. Carbon fiber reinforced polymer (CFRP) enclosures are the fastest-growing segment, driven by their superior lightweight properties, mechanical strength, and increasing adoption in premium electric and performance vehicles. Other materials, including hybrid composites and thermoplastic variants, are also emerging as viable options for customized enclosure designs and specialized applications.

Based on application, full battery electric vehicles (BEVs) dominate the market share as manufacturers aim to maximize energy density and range through advanced lightweight materials. Hybrid electric vehicles (HEVs) form an important secondary segment, leveraging composite enclosures to optimize weight distribution and enhance battery protection. The rise of dedicated EV platforms and modular battery pack designs continues to expand the use of composite enclosures across both BEV and HEV segments, supporting long-term market growth.

The competitive landscape features leading companies such as SGL Carbon, EMP Tech Co., Ltd, Kautex, Performance Composites, SUASE Plastic Mould Co., Ltd, and Teijin Automotive Technologies. These firms command significant market share through innovations in resin systems, molding processes, and integrated structural designs. Strategic collaborations with OEMs, investments in lightweighting research, and the expansion of localized production facilities are strengthening their market presence. New entrants are focusing on cost-efficient composite molding techniques and recyclable materials to align with global sustainability goals.

Regionally, North America and Europe currently hold substantial market share, supported by advanced automotive manufacturing ecosystems, strong EV adoption, and strict vehicle safety and emission standards. Asia-Pacific, led by China, Japan, South Korea, and India, represents the fastest-growing region due to rapid EV production expansion, supportive government policies, and the development of high-volume composite manufacturing facilities. The market forecast indicates sustained market growth driven by technological advancements in composite processing, increased OEM adoption of lightweight battery housing solutions, and ongoing material innovations designed to improve thermal resistance, recyclability, and crash safety performance. These trends are expected to shape the next generation of electric vehicle design and material engineering worldwide.

by Type

• Carbon Fiber Reinforced Polymer (CFRP) Enclosures
• Glass Fiber Reinforced Polymer (GFRP) Enclosures
• Others

by Application

• Hybrid Electric Vehicles
• Full Battery Electric Vehicles

By Company

SGL Carbon, EMP Tech Co.,Ltd, Kautex, Performance Composites, SUASE Plastic Mould Co., Ltd, Teijin Automotive Technologies

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