Press release
EV Composites Market to Reach USD 8.75 Billion by 2032 - Size, Growth Rate, Key Segments & Regional Outlook
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. This report examines the EV composites industry across key segmentation categories including fiber type, resin type, application type, and manufacturing process type, offering strategic insights into demand patterns and growth opportunities. It highlights market dynamics, competitive positioning, and regional trends that are
critical for decision-makers in manufacturing, supply chain, and investment planning.
"Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4054/ev-composites-market.html#form"
Market Statistics
• Market size (2024): USD 2.85 Billion
• Forecast value (2032): USD 8.75 Billion
• CAGR (2025-2032): 15%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Fiber Type
• Carbon
• Glass
• Other Fibers
By Resin Type
• Thermoset Composites
• Thermoplastic Composites
By Application Type
• Exterior
• Interior
• Powertrain & Chassis
• Battery Enclosures
By Manufacturing Process Type
• Injection Molding
• Compression Molding
• Resin Transfer Molding
• Other Manufacturing Processes
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
Carbon fiber is expected to be the dominant fiber type throughout the forecast period due to its superior strength-to-weight ratio, which enables electric vehicle manufacturers to reduce vehicle mass and improve energy efficiency; suppliers prioritizing carbon fiber composites are well-positioned to meet evolving EV design standards.
Injection molding is the leading manufacturing process type due to its cost effectiveness, high production speed, and scalability, which support high-volume EV production and influence manufacturing strategy decisions.
Regional Insights
Asia-Pacific is both the dominant and fastest-growing region in the EV composites market, driven by rapid industrialization, strong government incentives for electric vehicle adoption, and a robust EV manufacturing ecosystem that continuously increases demand for composite materials.
Market Drivers
• Rising global adoption of electric vehicles increases demand for lightweight, high-performance composite materials.
• Government incentives and emission standards accelerate EV production and composite integration.
• Technological advancements in composite manufacturing improve performance and lower costs.
• Increasing investment in EV infrastructure supports broader EV deployment.
• Automotive OEM focus on lightweight design for improved range and efficiency drives composite usage.
Top Companies in the Market
• Syensqo
• Toray Industries Inc.
• Polytec Holding AG
• Opmobility
• Forvia
• SGL Carbon
• Exel Composites
• Teijin Ltd.
• Owens Corning
• Piran Advanced Composites
FAQs
1.What will be the size of the EV composites market in 2032?
The EV composites market is expected to reach USD 8.75 billion by 2032, reflecting growth driven by rising EV adoption and lightweight material demand.
2.How fast is the EV composites market growing?
The market is projected to grow at a CAGR of 15% from 2025 to 2032, driven by innovations in materials that improve EV efficiency and range.
3.Which fiber type leads the EV composites market?
Carbon fiber leads the market due to its high strength-to-weight characteristics, making it ideal for reducing EV weight and enhancing performance.
4.Why is Asia-Pacific key for EV composites demand?
Asia-Pacific's strong EV manufacturing base and supportive policies structurally boost regional demand for composite materials.
5.What manufacturing process is most used in EV composite production?
Injection molding is widely used because it offers speed, design flexibility, and cost advantages for high-volume EV components.
Related Links:
Insulated concrete form market: https://ivebo.co.uk/read-blog/237091
Laboratory filtration market: https://network.musicdiffusion.com/read-blog/66937
Amphibious vehicle market: https://www.ganjingworld.com/news/1i53r4f979i4rE3F5JDNCTOOZ17c1c/amphibious-vehicle-market-rising-demand-for-versatile-land-and-water-transport-solutions
Amphoteric surfactants market: https://www.wowonder.xyz/read-blog/358558
Ampoules packaging market: https://payrchat.com/blogs/38602/ampoules-packaging-market
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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