Automotive Glass Fiber Composites Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Application, By Region & Competition, 2020-2030F
The Global Automotive Glass Fiber Composites Market was valued at USD 9.9 billion in 2024 and is projected to reach USD 12.3 billion by 2030, growing at a CAGR of 4.3% during the forecast period. The market's growth is driven by the increasing demand for lightweight and fuel-efficient vehicles, with glass fiber composites offering excellent strength-to-weight ratios. As automotive manufacturers strive to meet fuel economy and emissions targets, these composites play a pivotal role in reducing vehicle weight and improving efficiency. The growing emphasis on sustainability and performance has encouraged the adoption of durable, recyclable materials. Additionally, the expanding electric vehicle (EV) market is fueling demand, as lighter materials directly contribute to improved range. Ongoing innovations, including the incorporation of nanomaterials, continue to enhance the mechanical properties and application range of glass fiber composites.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 9.9 Billion
Market Size 2030
USD 12.3 Billion
CAGR 2025-2030
4.3%
Fastest Growing Segment
Structural Assembly
Largest Market
Asia-Pacific
Key Market Drivers
Fuel Efficiency and Weight Reduction
The push to improve fuel efficiency and meet stringent emission regulations is a major driver in the automotive sector. Glass fiber composites are crucial in vehicle lightweighting strategies, as they enable manufacturers to reduce overall mass without compromising structural integrity. In both internal combustion engine vehicles and EVs, reducing weight leads to better fuel economy and extended battery range. As a result, glass fiber composites are increasingly being used in structural, interior, and exterior vehicle components.
Key Market Challenges
High Manufacturing Costs
Despite their benefits, the high cost of producing glass fiber composites remains a key hurdle. The materials themselves, along with the sophisticated processes required for molding and fabrication, result in elevated upfront expenses. Tooling costs, specialized equipment, and the technical expertise needed for manufacturing add to the financial burden, limiting broader adoption, particularly among small and mid-size automakers or in cost-sensitive markets. While lifecycle benefits exist, initial investments can deter mass-market integration.
Key Market Trends
Development of Nanostructured Composites
Nanotechnology is emerging as a transformative trend in the glass fiber composites segment. The integration of nanomaterials enhances strength, thermal stability, and impact resistance, while enabling further reductions in component weight. These nanostructured composites offer better performance in demanding automotive applications. As research and development intensifies, the commercialization of these advanced materials is expected to expand, paving the way for next-generation automotive designs focused on safety, efficiency, and durability.
Key Market Players
Arrow Gear LLC
Huntsman Corporation
Gurit Services AG
Veplas Group
Solvay Group
SGL Carbon
Hexcel Corporation
Mitsubishi Chemical Group Corporation
TEIJIN LIMITED.
TORAY INDUSTRIES, INC.
Report Scope
In this report, the global Automotive Glass Fiber Composites Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Automotive Glass Fiber Composites Market, By Type:
Short Fiber Thermoplastic (SFT)
Long Fiber Thermoplastic (LFT)
Continuous Fiber Thermoplastic (CFT)
Other Intermediate Types
Automotive Glass Fiber Composites Market, By Application:
Interiors
Exteriors
Structural Assembly
Power-train Components
Others
Automotive Glass Fiber Composites Market, By Region:
North America
United States
Canada
Mexico
Europe & CIS
Germany
France
U.K.
Spain
Italy
Asia-Pacific
China
Japan
Australia
India
South Korea
Middle East & Africa
South Africa
Saudi Arabia
UAE
Turkey
South America
Brazil
Argentina
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global Automotive Glass Fiber Composites Market.
Available Customizations
Global Automotive Glass Fiber Composites Market report with the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Introduction
1.1. Research Tenure Considered
1.2. Market Definition
1.3. Scope of the Market
1.4. Markets Covered
1.5. Years Considered for Study
1.6. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Regions/Countries
4. Global Automotive Glass Fiber Composites Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.2. Market Share & Forecast
4.2.1. By Type Market Share Analysis (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), and Other Intermediate Types)
4.2.2. By Application Market Share Analysis (Interior, Exterior, Structural Assembly, Power-Train Components, and Other Applications)
4.2.3. By Regional Market Share Analysis
4.2.4. By Top 5 Companies Market Share Analysis, Others (2023)