Press release
United States Automotive Composite Materials Market reaching USD 71.01 billion by 2031 | Toray Industries, SGL Carbon, Mitsubishi Chemical, and Solvay | DataM Intelligence
Automotive Composite Materials Market
Asia-Pacific: Recent Industry Developments
✅ In October 2025, Toray Industries launched a new carbon fiber composite with a 40% faster curing time for high-volume automotive production.
✅ In September 2025, China's Ministry of Industry allocated USD 2.5 billion for lightweight material development in electric vehicles.
✅ In August 2025, Mitsubishi Chemical Corporation introduced a recycled carbon fiber composite, achieving 95% virgin material performance.
North America: Recent Industry Developments
✅ In October 2025, SGL Carbon developed a bio-based carbon fiber using sustainable precursors, reducing carbon footprint by 50%.
✅ In September 2025, the U.S. Department of Energy allocated USD 1.2 billion for automotive lightweighting initiatives and composite material research.
✅ In August 2025, Hexcel Corporation launched a thermoplastic composite for structural automotive components with enhanced impact resistance.
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Europe: Recent Industry Developments
✅ In October 2025, Solvay S.A. expanded its composite material production in France, increasing capacity by 30% for automotive applications.
✅ In September 2025, the European Union implemented new regulations mandating lightweight materials in all new vehicles by 2030.
✅ In August 2025, Teijin Limited introduced a glass fiber composite with improved surface finish for exterior body panels.
Market Trends & Drivers
The Automotive Composite Materials Market is experiencing rapid growth driven by stringent emission regulations, increasing electric vehicle production, and growing demand for vehicle lightweighting. Key trends include the development of sustainable and recycled composites, advancement in fast-curing technologies, and expansion of thermoplastic applications. The rising focus on fuel efficiency, growing premium vehicle segment, and technological innovations in material science are significantly accelerating market expansion.
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Competitive Landscape
The market features intense competition among material science companies, chemical manufacturers, and specialized composite providers.
1. Toray Industries, Inc. leads in advanced carbon fiber composites and automotive material solutions.
2. SGL Carbon SE dominates in carbon-based composites and innovative material technologies.
3. Mitsubishi Chemical Holdings Corporation provides comprehensive composite material portfolios for automotive applications.
4. Solvay S.A. specialises in high-performance composites and specialty polymer solutions.
5. Hexcel Corporation offers advanced composite materials for structural automotive components.
6. Teijin Limited focuses on carbon fiber and thermoplastic composites for vehicle lightweighting.
7. Owens Corning provides glass fiber reinforcements and composite solutions.
8. Gurit Holding AG specialises in composite materials and engineering services for the automotive.
9. Plasan Carbon Composites offers customised composite solutions for high-performance vehicles.
10. Continental Structural Plastics (Teijin) provides composite components and material systems.
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Segmentation
By Fiber Type (Glass Fiber, Carbon Fiber, Others)
By Resin Type (Thermoset, Thermoplastic)
By Manufacturing Process (Compression Molding, Injection Molding, Resin Transfer Molding (RTM), Others)
By Application (Exterior, Interior, Powertrain & Chassis, Battery Enclosures)
By Vehicle Type (Non-Electric, Electric)
Regional Analysis:
⇥ Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (Germany, U.K., France, Italy, Spain, Netherlands, Rest of Europe)
⇥ South America (Brazil, Argentina, Chile, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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