Product Code: SR112025A7598
The global automotive polymer composites market size reached USD 10.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 17.3 Billion by 2033, exhibiting a growth rate (CAGR) of 5.97% during 2025-2033. The escalating demand for lightweight and fuel-efficient vehicles, various technological advancements in the manufacturing processes, and the implementation of stringent government regulations represent some of the key factors driving the market.
Automotive polymer composites refer to a group of materials made by combining a polymer matrix with reinforcing fibers or particles. The polymer matrix can be made from a variety of materials, such as thermosetting or thermoplastic polymers, while the reinforcing fibers or particles are made from materials such as carbon fiber, glass fiber, or aramid. They exhibit improved mechanical properties such as high strength-to-weight ratio, stiffness, and toughness compared to the polymer matrix alone. They also have good fatigue resistance, corrosion resistance, and thermal stability. In the automotive industry, these composites are used to replace traditional materials such as steel or aluminum in various applications, such as body panels, structural components, and interior parts. This is due to the lightweight, high-strength properties of the composites, which can help reduce vehicle weight, improve fuel efficiency, and meet safety and performance requirements. Owing to these properties, automotive polymer composites are widely utilized in the automotive industry across the globe.
Automotive Polymer Composites Market Trends:
The market is primarily driven by the escalating demand for lightweight vehicles across the globe. The automotive industry is increasingly focused on reducing the weight of vehicles to improve fuel efficiency and reduce emissions. Polymer composites are lighter than traditional materials such as steel or aluminum, making them an attractive option for automakers. In addition, various technological advancements in the manufacturing process of these materials represent another major growth-inducing factor, as the cost of producing polymer composites has decreased over the years, making them more cost-effective compared to traditional materials. Besides this, governments of numerous countries are imposing more stringent emissions and fuel efficiency regulations on automakers, which is driving the adoption of lightweight materials such as polymer composites. This, coupled with the increasing adoption of eco-friendly materials in the automotive industry that involve less energy and fewer greenhouse gas emissions during production, is positively influencing the market growth. Furthermore, the growing consumer preferences toward electric cars, various competitive strategies adopted by key players such as capacity expansion, partnerships, and mergers and acquisitions (M&As), and various benefits provided by polymer composites such as design flexibility and corrosion resistance are some of the other factors creating a favorable market outlook across the globe.
Key Market Segmentation:
Resin Type Insights:
- Epoxy
- Polyurethane
- Polyamide
- Polypropylene
- Polyethylene
- Polyester
- Vinyl Ester
- Others
Product Insights:
- Glass Fiber Composites
- Natural Fiber Composites
- Carbon Fiber Composites
Manufacturing Process Insights:
- Compression Molding
- Injection Molding
- Resin Transfer Molding
- Sheet Molding
Application Insights:
- Interior Components
- Exterior Components
- Structural Components
- Powertrain Components
End Use Insights:
- Conventional Vehicles
- Electric Vehicles
- Trucks and Buses
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for automotive polymer composites. Some of the factors driving the Asia Pacific automotive polymer composites market included the expanding automotive industry, the surging sales of electric vehicles, and the rising adoption of eco-friendly materials.
Competitive Landscape:
- The report has also provided a comprehensive analysis of the competitive landscape in the global automotive polymer composites market. Detailed profiles of all major companies have also been provided. Some of the companies covered include BASF SE, Covestro AG, DuPont de Nemours Inc., SGL Carbon SE, Teijin Carbon Europe GmbH (Teijin Limited), Toray Advanced Composites, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global automotive polymer composites market performed so far, and how will it perform in the coming years ?
- What are the drivers, restraints, and opportunities in the global automotive polymer composites market ?
- What is the impact of each driver, restraint, and opportunity on the global automotive polymer composites market ?
- What are the key regional markets ?
- Which countries represent the most attractive automotive polymer composites market ?
- What is the breakup of the market based on the resin type ?
- Which is the most attractive resin type in the automotive polymer composites market ?
- What is the breakup of the market based on the product ?
- Which is the most attractive product in the automotive polymer composites market ?
- What is the breakup of the market based on manufacturing process ?
- Which is the most attractive manufacturing process in the automotive polymer composites market ?
- What is the breakup of the market based on application ?
- Which is the most attractive application in the automotive polymer composites market ?
- What is the breakup of the market based on end use ?
- Which is the most attractive end use in the automotive polymer composites market ?
- What is the competitive structure of the global automotive polymer composites market ?
- Who are the key players/companies in the global automotive polymer composites market ?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Polymer Composites Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Resin Type
- 6.1 Epoxy
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Polyurethane
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Polyamide
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Polypropylene
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Polyethylene
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Polyester
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Vinyl Ester
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
7 Market Breakup by Product
- 7.1 Glass Fiber Composites
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Natural Fiber Composites
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Carbon Fiber Composites
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Manufacturing Process
- 8.1 Compression Molding
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Injection Molding
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Resin Transfer Molding
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Sheet Molding
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Application
- 9.1 Interior Components
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Exterior Components
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Structural Components
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Powertrain Components
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by End Use
- 10.1 Conventional Vehicles
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Electric Vehicles
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Trucks and Buses
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 Drivers, Restraints, and Opportunities
- 12.1 Overview
- 12.2 Drivers
- 12.3 Restraints
- 12.4 Opportunities
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 BASF SE
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.1.4 SWOT Analysis
- 16.3.2 Covestro AG
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 DuPont de Nemours Inc.
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.3.4 SWOT Analysis
- 16.3.4 SGL Carbon SE
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 Teijin Carbon Europe GmbH (Teijin Limited)
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.6 Toray Advanced Composites
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.