Automotive Glass Fiber Composites Market Analysis (2024–2031)

Executive Summary

The global automotive glass fiber composites market is projected to grow from US$ 7.32 billion in 2024 to US$ 16.20 billion by 2031, registering a CAGR of 12.4% during the forecast period (2025–2031). This report delivers an in-depth analysis of market trends, growth drivers, challenges, and competitive dynamics, offering strategic insights for stakeholders. Utilizing a robust research methodology that combines primary and secondary data, the study provides a detailed outlook on market evolution and emerging opportunities.

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Market Overview

The automotive glass fiber composites market is witnessing strong growth, fueled by the automotive industry's increasing demand for lightweight, high-strength materials to enhance fuel efficiency, performance, and sustainability. Key factors driving adoption include:

• Stringent emissions regulations pushing automakers to reduce vehicle weight.
• Rising demand for fuel-efficient and electric vehicles (EVs).
• Superior material properties, including high strength-to-weight ratio, corrosion resistance, and design flexibility.

Key Applications

Glass fiber composites are widely used in:

• Exterior components (body panels, bumpers, fenders).
• Interior parts (dashboards, door panels).
• Structural components (chassis reinforcements, underbody shields).

Technological Advancements

Innovations in manufacturing processes—such as automated fiber placement (AFP) and resin transfer molding (RTM)—are improving cost efficiency and scalability. Additionally, the development of hybrid composites (combining glass fibers with carbon fibers or thermoplastics) is unlocking new performance benefits, further expanding market potential.

Growth Opportunities

• Expansion of the EV market, where lightweight materials are critical for battery efficiency.
• Increasing adoption of hybrid composites for enhanced mechanical properties.
• Growing demand in emerging markets due to rising automotive production.

Automotive Glass Fiber Composites Market Segmentation Analysis

The automotive glass fiber composites market is segmented by fiber type, resin type, application, and geography, providing a comprehensive analysis of industry trends and growth drivers.

By Fiber Type

• E-Glass: Dominates the market due to its cost-effectiveness, versatility, and strong mechanical properties, making it ideal for widespread automotive applications.
• S-Glass: Offers superior tensile strength and stiffness but is more expensive, limiting its use to high-performance and critical structural components.
• Other Types: Includes specialized glass fibers catering to niche automotive requirements.

By Resin Type

• Thermoset Resin (Epoxy, Polyester, Vinyl Ester): Holds the largest market share due to its excellent mechanical strength, heat resistance, and dimensional stability, making it suitable for exterior panels, structural parts, and under-the-hood components.
• Thermoplastic Resin: Gaining traction due to recyclability and faster processing times, though its lower heat resistance restricts use in high-performance applications. Future advancements are expected to boost adoption in non-structural parts.

By Application

• Exterior: The largest segment, driven by demand for lightweight, durable, and corrosion-resistant components like body panels, bumpers, and fenders.
• Interior: Includes dashboard components, door panels, and seating structures where weight reduction and design flexibility are key.
• Structural: The fastest-growing segment, fueled by the need for lightweight yet high-strength materials in electric vehicles (EVs) and safety-critical parts.
• Other Applications: Includes underbody shields, battery enclosures, and other specialized uses.

By Geography

• Asia Pacific (APAC): The dominant market in 2024, driven by high automotive production, rapid EV adoption, and strong manufacturing capabilities.
• Europe & North America: Significant markets due to stringent emissions regulations and the presence of leading automakers.
• Middle East & Africa, South & Central America: Emerging regions with growing automotive investments.

Market Drivers & Opportunities

• Lightweighting & Fuel Efficiency: Stricter emissions norms push automakers to adopt glass fiber composites, improving fuel efficiency in ICE vehicles and extending EV range.
• Technological Advancements: Innovations in automated production, 3D printing, and nanostructured composites enhance performance and cost efficiency.
• Sustainability Trends: Increasing focus on recyclable thermoplastic resins and eco-friendly manufacturing processes.

Market Size & Share Insights

• Fiber Type: E-Glass leads due to cost efficiency, while S-Glass remains niche for high-performance applications.
• Resin Type: Thermosets dominate, but thermoplastics are growing due to sustainability benefits.
• Application: Exterior components hold the largest share, but structural applications are rising fastest, driven by EV demand.
• Geography: APAC remains the largest and fastest-growing market, supported by expanding automotive production and technological advancements.

This analysis highlights key trends shaping the automotive glass fiber composites market, emphasizing growth opportunities across segments and regions.

Market leaders and key company profiles

  Solvay Group

  Owens Corning

  SGL Carbon

  Hexcel Corporation

  Johns Manville

  SAERTEX GmbH & Co.KG

  Jiangsu Jiuding Special Fiber Co., Ltd.

Automotive Glass Fiber Composites Market Report Coverage and Deliverables

The " Automotive Glass Fiber Composites Market Outlook (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Automotive Glass Fiber Composites market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
• Automotive Glass Fiber Composites market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter's Five Forces and SWOT analysis.
• Automotive Glass Fiber Composites market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Automotive Glass Fiber Composites market.
• Detailed company profiles

The geographical coverage of the Automotive Glass Fiber Composites market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. The Automotive Glass Fiber Composites market in Asia Pacific is expected to grow significantly during the forecast period.

APAC region holds the largest share, this leading position is attributed to the region’s strong automotive manufacturing base, advanced adoption of lightweight composite materials, and stringent regulations promoting fuel efficiency and reduced emissions.

Outside APAC, North America and Europe are the largest and most mature markets for automotive glass fiber composites, driven by regulatory pressures, sustainability goals, and the transition to electric vehicles. The Middle East, Africa, and South and Central America are emerging markets, showing steady but smaller-scale growth as automotive industries develop and lightweighting becomes a greater priority.

Automotive Glass Fiber Composites Market Research Report Overview

This report provides a comprehensive analysis of the Automotive Glass Fiber Composites Market, incorporating both qualitative and quantitative data across key segments such as drive type, propulsion, sales channel, and geographic regions.

Report Structure

Chapter 1: Introduction

• Overview of the report’s scope and objectives.

Chapter 2: Key Takeaways

• Highlights major trends, insights, and future outlook of the Automotive Glass Fiber Composites market.

Chapter 3: Research Methodology

• Details the research approach, data collection methods, and analytical frameworks used.

Chapter 4: Market Ecosystem & Porter’s Analysis

• Examines the industry value chain, key stakeholders, and competitive forces shaping the market.

Chapter 5: Market Dynamics

• Identifies and analyzes key drivers, restraints, opportunities, and emerging trends.
• Includes an impact assessment of market-influencing factors.

Chapter 6: Market Size & Forecast

• Presents historical revenue data and forecasts market growth up to 2031.

Chapters 7-9: Market Segmentation & Regional Analysis

• Segments the market by product type, portability, technology, application, and end-user.
• Provides revenue forecasts and growth drivers for:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South & Central America

Chapter 10: Competitive Analysis

• Includes a heat map analysis of key market players.

Chapter 11: Industry Landscape

• Covers recent market developments, including mergers, acquisitions, partnerships, and product innovations.

Chapter 12: Company Profiles

• Detailed profiles of leading companies, featuring:
• Business overview
• Product & service offerings
• Financial performance
• SWOT analysis
• Recent developments

Chapter 13: Appendix

• Additional references, abbreviations, and disclaimers.

Recent Market Developments

The Automotive Glass Fiber Composites Market is evolving with advancements in material technology and sustainability initiatives. Key developments include:

March 2024

• Exel Composites (Finland) secured a contract with Foton Bus and Coach Co. (China) to supply pultruded glass fiber composite profiles. These lightweight, corrosion-resistant components will enhance vehicle durability and reduce maintenance needs.

September 2024

• Borealis (Austria) introduced Borcycle GD3600SY, a glass fiber-reinforced polypropylene (PP) compound containing 65% post-consumer recycled (PCR) content. Developed in collaboration with Plastivaloire (France) and Stellantis, this material is set to be used in automotive interiors, supporting sustainability in vehicle manufacturing.

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Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights