Press release
Automotive Composite Materials Market Set for Steady Growth to US$71.01 billion by 2031, growing with a CAGR of 10.75%, led by North America 35% share in global market| DataM Intelligence
Automotive Composite Materials
Market growth is driven by increasing demand for lightweight and fuel-efficient vehicles, stringent emission regulations, and rising adoption of electric vehicles. Additionally, advancements in composite manufacturing technologies, improved strength-to-weight ratios, and growing use of composites in structural, interior, and exterior automotive components are accelerating market expansion.
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United States: Key Industry Developments:-
✅ October 2025: Röchling Automotive expanded U.S. production of thermoplastic composite (TPC) components for electric vehicle lightweighting, partnering with Envalior to supply roof crossmembers for Mercedes models, reducing weight by 20% over metal alternatives.
✅ September 2025: American Composites Manufacturing Association (ACMA) reported record U.S. demand for automotive composites at 1.2 billion pounds, driven by EV mandates and facility upgrades in Michigan for carbon fiber integration in battery enclosures.
✅ August 2025: HRC Group initiated U.S. trials of hybrid carbon fiber monocoque chassis using recycled carbon fiber (rCF), cutting EV structural weight by 110 kg while meeting federal safety standards for mass-market adoption.
Asia Pacific / Japan: Key Industry Developments:-
✅ October 2025: Japanese firms like Toray Industries launched advanced carbon fiber reinforced polymers for Toyota's next-gen hybrids, enhancing crash energy absorption by 25% in structural parts amid national lightweighting initiatives.
✅ September 2025: Asia-Pacific leaders including Japan dominated automotive composites with 9% CAGR, as local manufacturers scaled thermoplastic composites for Honda EVs, focusing on cost-effective recycling processes.
✅ August 2025: Subaru collaborated on nanocomposite panels with Japanese composites firms, introducing UV-stable Class A surfaces via spray-up molding for aesthetic and lightweight body applications in production models.
Key Merges and Acquisitions(2025):
✅ Toray Industries, Inc. - strengthened its position in automotive lightweighting by acquiring a minority stake in a European thermoplastic composite manufacturer, enhancing its capability to supply high-volume, recyclable composite materials for EV structural and interior automotive applications.
✅ Teijin Limited - expanded its automotive composites footprint through the acquisition of advanced resin and fiber-processing assets from a Germany-based composite specialist, supporting increased demand for high-strength, low-weight materials in next-generation electric and hybrid vehicles.
✅ SGL Carbon SE - completed the acquisition of a composite tooling and carbon-fiber component business serving premium automotive OEMs, reinforcing its vertical integration strategy and accelerating developm
Market Segmentation Analysis:
-By Product Type: Carbon Fiber vs Glass Fiber vs Natural Fiber
Carbon fiber composites dominate with approximately 40% market share in 2025, driven by their superior strength-to-weight ratio ideal for high-performance and electric vehicles.
Glass fiber composites hold around 35-40% share, favored for cost-effectiveness in mass-produced parts like interiors and body panels.
Natural fiber and other composites account for the remaining 20-25%, gaining traction in sustainable applications for emerging markets like India.
-By Application: Body Panels vs Interiors vs Chassis/Structural
Body panels lead with over 50% market share in 2025, benefiting from lightweighting needs in exterior designs for fuel efficiency.
Interior components follow at about 25-30%, used in dashboards and trims for weight reduction without compromising aesthetics.
Chassis, engine parts, and other structural elements comprise 20-25%, increasingly adopted in EVs for battery enclosure and crash safety.
-By Vehicle Type: Passenger Cars vs Commercial Vehicles vs EVs
Passenger cars command roughly 60% share in 2025, as primary adopters of composites for luxury and performance models.
Commercial and heavy-duty vehicles hold 25-30%, focusing on durability in trucks and buses.
Electric vehicles are the fastest-growing at 15-20% and rising, propelled by range extension demands.
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Growth Drivers:
Lightweighting demand: Automakers are increasingly adopting composites to reduce vehicle weight, improving fuel efficiency and extending EV driving range.
Stringent emission regulations: Global CO2 and fuel-efficiency norms are pushing OEMs to replace metal components with lightweight composite materials.
Rapid EV adoption: Electric vehicles require lightweight yet high-strength materials to offset battery weight and enhance performance.
Performance & safety benefits: Composites offer high strength-to-weight ratio, corrosion resistance, and improved crash performance.
Design flexibility: Advanced composites enable complex shapes and integrated parts, supporting modern vehicle design and aerodynamics.
Advancements in manufacturing: Innovations such as resin transfer molding, thermoplastic composites, and automation are reducing production costs and cycle times.
Rising use in premium & sports vehicles: Luxury and performance cars increasingly use carbon fiber and glass fiber composites for enhanced aesthetics and performance.
Regional Insights:
North America holds the largest share of the automotive composite materials market, estimated at around 35% in recent analyses, propelled by robust R&D investments, advanced manufacturing hubs in the US, stringent fuel efficiency standards, and strong adoption in electric vehicle production.
Europe secures the second-largest position with approximately 25% share, supported by leading automakers in Germany and the UK, rigorous emission regulations, and emphasis on lightweighting for sustainability amid growing EV infrastructure.
Asia-Pacific ranks third yet demonstrates the highest growth trajectory, capturing about 20% currently with rapid CAGRs in China, Japan, India, and South Korea, driven by massive automotive output, cost-effective production, and surging demand for lightweight materials in both traditional and electric vehicles
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Key Players:
Toray Industries Inc., SGL Carbon, Teijin Limited, Mitsubishi Chemical Holding Corporation, Hexcel Corporation, Owen Cornings, Solvay SA, Gurit, UFP Technologies Ltd., Huntsman Corporation, and Hexion
Key Highlights (Top 5 Key Players) for Automotive Composite Materials Market :
Toray leads with 13% market share, specializing in advanced prepregs for high-performance vehicles, offering 30% weight reduction over aluminum via thermoset/thermoplastic composites for structural parts and body panels.
SGL Carbon delivers integrated lightweight carbon fiber solutions for series production, featuring automated stacks with high fiber volumes (45%) for automotive components like BMW cowls, emphasizing sustainability and efficiency.
Hexcel provides HexMC® high-performance molding compounds with long carbon fibers for complex automotive shapes, enabling weight savings, crash energy absorption, and hybrid metal reinforcements via prepreg patch technology.
Mitsubishi Chemical offers carbon fiber-reinforced polymers and KyronMAX thermoplastics for body panels, interiors, and EV structures, focusing on lightweighting, high strength, and sustainable solutions through vertical integration.
Teijin Automotive Technologies produces composites for EV battery boxes, shields, and panels, expanding in China with new plants to meet lightweighting demands, targeting $2B sales by 2030 via advanced processing.
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