The Automotive Composites Market Forecast published by The Insight Partners for the period 2025 to 2031 delivers a comprehensive, data-grounded projection of the global automotive composites industry across fiber types, resin systems, vehicle categories, and geographic markets, providing stakeholders with the forward visibility needed to make informed investment and commercial strategy decisions.

The Automotive Composites Market is expected to reach US$ 28.30 Billion by 2031 from US$ 13.00 Billion in 2024, registering a CAGR of 12.0% during the 2025 to 2031 forecast period, underpinned by rising demand for lightweight materials, the rapid growth of electric vehicles, and increasing performance requirements across global automotive platforms.

Market Drivers Underpinning the Forecast

The demand for lightweight materials is the primary driver underpinning the entire forecast. The global automotive industry faces simultaneous pressure from fuel economy regulations in conventional vehicle markets and range anxiety concerns in electric vehicle markets, both of which create an engineering and commercial imperative to reduce vehicle structural weight through material substitution. Automotive composites, with their exceptional strength-to-weight ratios, are the most effective material solution for achieving the weight reduction targets that drive fuel economy compliance and EV range improvement. This structural demand pull from regulatory requirements and consumer preferences creates a durable and growing procurement mandate for automotive composite materials that will sustain the 12.0% CAGR throughout the forecast period.

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The rise of electric and hybrid vehicles is the second and increasingly dominant forecast driver. The automotive industry's global transition toward electrification, accelerated by regulatory mandates in the European Union, China, and North America, is fundamentally reshaping vehicle architecture requirements in ways that directly favor composite material specification. Electric vehicle battery systems add significant weight compared to conventional powertrains, making structural lightweighting through composite adoption even more critical for EV platform engineering. As global EV production scales from its current base toward projected mainstream volumes during the forecast period, the composite content per vehicle is expected to increase alongside total vehicle production growth, creating a compounding effect on automotive composite demand.

Increased demand for durability and performance is the third forecast driver. Modern vehicles operate across increasingly demanding environmental, mechanical, and thermal conditions, and automotive composites' resistance to corrosion, fatigue, and environmental degradation is creating specification advantages over metal alternatives in applications exposed to road salt, temperature cycling, and moisture. Automotive manufacturers specifying composite body panels, underbody shields, and structural reinforcements achieve measurable improvements in vehicle service life and reduced warranty claim rates, creating strong economic justification for composite adoption beyond the weight-saving rationale.

The forecast is further supported by the continuous reduction in composite manufacturing costs driven by process automation advances, increasing raw material production scale, and accumulated manufacturing experience across the automotive supply chain. As composite components become progressively more cost-competitive with metal alternatives on a per-part manufactured cost basis, the economic case for composite adoption strengthens across a broadening range of vehicle platform applications, incrementally expanding the addressable market throughout the forecast period.

Forecast by Segment

By fiber type, carbon fiber composites are forecast to register the fastest growth rate, consistent with the report's identification of carbon fiber as the fastest-growing fiber type segment. Glass fiber composites are forecast to retain the largest volume share through the period due to their established supply chain, competitive cost position, and broad application range across mainstream vehicle platforms. By resin type, thermoplastic composites are forecast to gain share against thermoset systems as cycle time improvements and recyclability advantages drive OEM specification preference. By vehicle type, passenger vehicles are forecast to generate the largest composite demand volume, while electric and hybrid platforms are forecast to deliver the highest per-vehicle composite content growth.

Competitive Landscape

•        Toray Industries Inc.

•        SGL Carbon

•        TEIJIN LIMITED

•        Mitsubishi Chemical Corporation

•        Hexcel Corporation

•        Johns Manville Corporation

•        Owens Corning

•        Zoltek Carbon Fiber

•        Cytec Solvay Group

•        Gurit

Forecast Conclusion

The Automotive Composites Market Forecast to 2031 confirms a structurally robust growth trajectory supported by the convergence of regulatory-driven lightweighting imperatives, EV production scaling, and continuous composite technology advancement. Growing from US$ 13.00 Billion in 2024 to US$ 28.30 Billion by 2031, the market offers compelling commercial opportunities for manufacturers, material suppliers, and investors aligned with the automotive industry's material transformation.

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The Insight Partners The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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