Automotive Composite Market To Reach $36.13 Billion By 2033

Automotive Composite Market Growth & Trends

The global automotive composite market size is expected to reach USD 36.13 billion by 2033, registering a CAGR of 6.2% from 2026 to 2033, according to a new report by Grand View Research, Inc. Favorable emission control regulations, coupled with the growing demand for lightweight materials from the automotive industry, are anticipated to positively impact market growth.

Adoption of electric powertrains, coupled with regional fuel economy standards, is expected to play a crucial role in the adoption of composites in the automotive industry. Over the past few years, emission control regulations, coupled with fuel economy standards, have been driving the use of lightweight materials, including composites in the automotive industry.

These stringent emission regulations and fuel economy standards are further expected to drive the demand for automotive composites over the coming years. Moreover, government and consumer incentives in Europe for efficient and lightweight vehicles are expected to play a crucial role in driving the regional demand for automotive composites.

The automotive industry is one of the major industries contributing to the global economy. However, a decrease in demand and investment, coupled with supply chain disruptions and factory closures owing to the outbreak of the COVID-19 pandemic, is expected to hinder the growth of the automotive industry, thereby impacting the demand for automotive composites in 2020.

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Automotive Composite Market Report Highlights

• The global automotive composite market is moderately concentrated, with several key players dominating the supply of advanced materials and components across regions. Companies such as Toray Industries, Hexcel Corporation, SGL Carbon, and Teijin Limited play leading roles through extensive R&D, vertically integrated operations, and strategic partnerships with automotive OEMs.

• The polymer matrix composites segment dominated the market, accounting for a revenue share of 74.9% in 2025, driven by the growing demand for lightweight and durable materials in vehicle manufacturing. PMCs, which typically include thermoset and thermoplastic matrices reinforced with glass or carbon fibers, offer excellent mechanical strength, corrosion resistance, and design flexibility.

• The metal matrix composites segment is expected to grow at the fastest CAGR of 6.8% over the forecast period, driven by superior mechanical properties and thermal performance

• Exterior components led the automotive composite market, accounting for 38.8% in 2025, driven by the growing need for lightweight, aerodynamically efficient vehicle designs.

• The structural & powertrain components segment is expected to grow at the fastest CAGR of 6.7% over the forecast period. Advancements in composite manufacturing technologies such as high-pressure resin transfer molding (HP-RTM), compression molding, and thermoplastic composite processing are enabling the cost-effective mass production of structural and powertrain parts

• Asia Pacific dominated the automotive composite market, accounting for 51.1% in 2025, driven by the rapid expansion of the automotive manufacturing sector, particularly in India, Japan, South Korea, and Southeast Asian nations

Automotive Composite Market Segmentation

Grand View Research has segmented the global automotive composite market report based on product, application, and region:

Automotive Composite Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Polymer Matrix Composites

• Metal Matrix Composites

• Ceramic Matrix Composites

Automotive Composite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• Interior Components

• Exterior Components

• Structural & Powertrain Components

• Others

Automotive Composite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Morocco

  • South Africa

List of Key Players in Automotive Composite Market

• Solvay

• Toray Industries, Inc.

• SGL Carbon

• Teijin Limited

• Hexcel Corporation

• Mitsubishi Chemical Carbon Fiber and Composites, Inc.

• Johns Manville

• Gurit

• Plasan Carbon Composites

• TPI Composites

• GMS Composites

• IDI Composites International

• Revchem Composites

• Formaplex

• Owens Corning