세계의 자동차용 복합재료 시장 분석 : 유형별, 용도별, 예측 분석(2034년)

The automotive industry is experiencing a paradigm shift as sustainability, energy efficiency, and emission reduction become top global priorities. Traditional metal components, long favored for their strength and durability, are increasingly being replaced by advanced composite materials that offer comparable performance with significantly less weight. Among these materials, automotive composites-particularly fibre-reinforced plastics-are gaining momentum due to their ability to improve fuel economy, reduce emissions, and enhance design flexibility. This shift is not only being driven by consumer preferences and performance advantages but also by tightening government regulations across major automotive markets worldwide.

Regional Market Dynamics

Europe continues to be the dominant market for automotive composites, largely due to the implementation of stringent European emission standards. Countries such as Germany, France, and the United Kingdom are leading in the use of composite materials, thanks to strong government support and advanced research capabilities. The automotive industry in Europe is actively integrating composites not only for emission reduction but also for performance enhancement and innovative design possibilities.

North America is poised for the highest growth rate in the coming years, driven by Corporate Average Fuel Economy (CAFE) standards in the United States. These regulations require automakers to increase the average fuel efficiency of their vehicle fleets, pushing original equipment manufacturers (OEMs) to embrace composites at a larger scale. In addition, the North American market benefits from a strong ecosystem of automotive manufacturers and composite suppliers, accelerating product development and adoption.

The Asia-Pacific region is also emerging as a major hub for automotive composites. Rapid industrial growth, increasing vehicle production, and supportive government policies are encouraging manufacturers in countries like China, India, Japan, and South Korea to adopt composite technologies. In China, for example, national strategies focused on electric vehicles and environmental sustainability are fueling the adoption of composites, particularly in lightweight battery enclosures and structural components. Asia-Pacific is projected to grow at a CAGR of 10%, outpacing other regions over the forecast period.

Automotive Composites Demand Analysis

The market for automotive composites is segmented by resin type into thermosets and thermoplastics. While thermoset resins are traditionally used for their rigidity and heat resistance, thermoplastic resins are increasingly preferred for their recyclability and faster processing capabilities. This trend aligns with the automotive industry's growing emphasis on sustainable materials and scalable production methods.

Fibre types used in composites include carbon fibre, glass fibre, and others. Carbon fibre, despite being more expensive, offers superior performance in terms of weight savings and strength, making it ideal for high-performance and luxury vehicles. Glass fibre provides a more affordable alternative with adequate mechanical strength, making it suitable for mainstream vehicle applications. Additionally, natural fibres and hybrid composites are being explored as sustainable, bio-based alternatives to synthetic fibres.

In 2024, the automotive sector saw the highest use of composites in exterior components, which accounted for nearly 30% of global demand. This was followed by their use in interior components, powertrain systems, and underbody parts. Medical and aerospace applications are also contributing to increased composite usage, although their market shares are smaller in comparison. Looking ahead, the automotive and aerospace sectors are expected to see slight increases in market share, while other applications are likely to remain stable through 2036.

Innovations and Industry Developments

The automotive composites market continues to benefit from material innovation and technological advancements. In May 2024, Solvay introduced KetaSpire KT-857, a new PEEK-based extrusion compound designed for insulating copper magnet wires in electric motors. This product is tailored for high-voltage applications in electric vehicles, which are increasingly being developed with powertrains operating at 800 volts or higher. Such innovations address key concerns like electric vehicle range anxiety and further highlight the critical role of composites in the future of mobility.

Environmental Regulations Driving Composite Adoption

The growing focus on reducing carbon emissions has led global governments to implement strict fuel economy and emission standards, thereby encouraging automakers to explore lightweight alternatives to conventional materials. By significantly reducing vehicle weight, composites contribute to lower fuel consumption and enable manufacturers to comply with these regulations. Composites are now being adopted across a wide range of vehicle systems, including the exterior body, powertrain, underbody, and interior. Exterior components remain the largest application segment, owing to their impact on vehicle design, aerodynamics, and fuel efficiency.

Within the fibre composites market, major products include Sheet Moulding Compound (SMC), Short Fibre Thermoplastics (SFT), and Long Fibre Thermoplastics (LFT). Of these, LFT is projected to witness the highest growth due to its enhanced mechanical properties, such as a superior strength-to-weight ratio, and excellent resistance to chemicals, heat, and corrosion. These properties make LFT suitable for structural parts and under-the-hood applications. Additionally, thermoplastic composites are gaining an edge over thermoset resins because they are recyclable, process faster, and allow for greater flexibility in high-volume production environments.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Resin Types
  • Fiber Types
  • Applications
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance and COVID-19 Impact

• Automotive
• Others

5. Introduction to Automotive Composites and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Automotive Composites Demand Analysis, By Resin Types, By Fiber Types, By Application (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Automotive Composites Market, By Resin Types
• Thermoset
• Thermoplastics
  • Global Automotive Composites Market, By Fiber Types
• Carbon Fiber
• Glass Fiber
• Others
  • Global Automotive Composites in Automotive Market, By Applications
• Interior Components
• Exterior Components
• Powertrain Components
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Automotive Composites Market, By Resin Types
• Automotive Composites Market, By Fibers Type
• Automotive Composites Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by resin types, by fibers type, by Application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• ASEAN
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all the by resin types, by fibers type, by Application to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

• Strategic Recommendations and Critical Factors for Success
• Success Factors
• Marketing and Distribution
• Strategic Partnerships / Alliances / Joint Venture
• Multiple Plants and Stocking Points
• Technological Innovation
• Other Factors

12. Company Analysis

• Automotive Composites Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• Solvay S.A.
• Toray Industries Inc.
• Toho Tenax Co Ltd
• SGL Group
• Teijin
• Koninklijke Ten Cate BV
• Mitsubishi Rayon Co Ltd
• UFP Technologies Inc.
• Owens Corning
• Plasan Carbon Composites
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries