Executive Summary
Azoth Analytics has released a research report titled "Global Automotive Polymer Composites Market (2024 Edition)" which provides a complete analysis of the Global Automotive Polymer Composites industry in terms of market segmentation By Resin Type (Polyester, Polypropylene, Epoxy, Vinyl Ester, and Other Resins), By Application (Interior Components, Exterior Components, Structural Components, and Powertrain Components), By Vehicle Type (Passenger, and Commercial) for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.
The report analyses the Automotive Polymer Composites Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Germany, United Kingdom, France, Italy, China, Japan, India, and South Korea). The Global Automotive Polymer Composites market showcased growth at a CAGR of 4.74% during 2020-2023. The market was valued at USD 9.43 Billion in 2023 which is expected to reach USD 14.15 Billion in 2030. The Automotive Polymer Composites market is operating within a dynamic landscape characterized by technological advancements, evolving consumer preferences, stringent regulatory requirements, and shifting industry dynamics. Polymer composites, consisting of materials like polyester, polypropylene, epoxy, and vinyl ester resins, play a pivotal role in the automotive sector due to their lightweight nature, high strength-to-weight ratio, corrosion resistance, and design flexibility. These properties make polymer composites ideal for various automotive applications, including interior components, exterior panels, structural elements, and powertrain components.
One of the key drivers fueling the growth of the Automotive Polymer Composites market is the automotive industry's increasing focus on lightweighting to improve fuel efficiency, reduce emissions, and enhance vehicle performance. With stringent emissions regulations in place worldwide, automakers are turning to polymer composites as a viable solution to achieve weight reduction without compromising on safety or structural integrity. Additionally, the rise of electric and hybrid vehicles has further propelled the demand for lightweight materials like polymer composites to optimize battery range and efficiency.
Moreover, consumer preferences for stylish, technologically advanced vehicle interiors and aesthetically pleasing exterior designs have contributed to the growing adoption of polymer composites in the automotive sector. These materials offer design flexibility, allowing automakers to create innovative and customizable interiors while meeting durability and quality standards. Furthermore, advancements in manufacturing technologies have made polymer composites more cost-effective and scalable, driving their widespread adoption across the automotive value chain.
Furthermore, the Automotive Polymer Composites market is witnessing growth opportunities in emerging markets such as Asia Pacific, where rapid urbanization, infrastructure development, and increasing disposable incomes are driving automotive sales. Government initiatives promoting environmental sustainability and energy efficiency are also stimulating demand for lightweight materials like polymer composites in these regions.
Scope of the Report:
• The report analyses the Automotive Polymer Composites Market by Value (USD Billion).
• The report analyses the Automotive Polymer Composites Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Germany, United Kingdom, France, Italy, China, Japan, India, and South Korea).
• The report presents the analysis of Automotive Polymer Composites Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
• The report analyses the Automotive Polymer Composites Market By Resin Type (Polyester, Polypropylene, Epoxy, Vinyl Ester, and Other Resins).
• The report analyses the Automotive Polymer Composites Market By Application (Interior Components, Exterior Components, Structural Components, and Powertrain Components).
• The report analyses the Automotive Polymer Composites Market By Vehicle Type (Passenger, and Commercial).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Resin Type, By Application & By Vehicle Type.
• Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report are Hexcel Corporation, Toray Industries, Inc., SGL Carbon SE, Owens Corning, BASF SE, Plasan, GKN Ltd, Teijin Limited, Solvay NV/SA, and Gurit Holding AG.
Table of Contents
1. Market Background
1.1 Scope and Service Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Analyst Recommendations
2.1 Focus on Electric and Autonomous Vehicles
2.2 Enhanced Accessibility and Inclusivity
3. Global Automotive Polymer Composites Market: Historic and Forecast
3.1 Impact Analysis of Macro Economic Factors on Global Automotive Polymer Composites Market
3.2 Automotive Polymer Composites Market Analysis, By Composite Product (2023 & 2030)
3.3 Automotive Polymer Composites Market Analysis, By Manufacturing Process (2023 & 2030)
3.4 Global Automotive Polymer Composites Market: Dashboard
3.5 Global Automotive Polymer Composites Market: Market Size and CAGR, By Value, 2020-2030 (USD Billion & CAGR)
3.6 Global Automotive Polymer Composites Market: Market Size and CAGR, By Volume, 2020-2030 (Million Tonnes & CAGR)
3.7 Global Automotive Polymer Composites Market: Market Value Assessment
3.8 Assessment Degree of Impact of COVID-19 on Global Automotive Polymer Composites Market
3.9 Global Automotive Polymer Composites Market Segmentation : By Resin Type
3.9.1 Global Automotive Polymer Composites Market, By Resin Type Overview
3.9.2 Global Automotive Polymer Composites Market Attractiveness Index, By Resin Type (2025-2030)
3.9.3 Global Automotive Polymer Composites Market Size, By Polyester, By Value, 2020H-2030F (USD Billion & CAGR)
3.9.4 Global Automotive Polymer Composites Market Size, By Polypropylene, By Value, 2020H-2030F (USD Billion & CAGR)
3.9.5 Global Automotive Polymer Composites Market Size, By Epoxy, By Value, 2020H-2030F (USD Billion & CAGR)
3.9.6 Global Automotive Polymer Composites Market Size, By Vinyl Ester, By Value, 2020H-2030F (USD Billion & CAGR)
3.9.7 Global Automotive Polymer Composites Market Size, By Other Resins, By Value, 2020H-2030F (USD Billion & CAGR)
3.10 Global Automotive Polymer Composites Market Segmentation : By Application
3.10.1 Global Automotive Polymer Composites Market, By Application Overview
3.10.2 Global Automotive Polymer Composites Market Attractiveness Index, By Application (2025-2030)
3.10.3 Global Automotive Polymer Composites Market Size, By Interior Components, By Value, 2020H-2030F (USD Billion & CAGR)
3.10.4 Global Automotive Polymer Composites Market Size, By Exterior Components, By Value, 2020H-2030F (USD Billion & CAGR)
3.10.5 Global Automotive Polymer Composites Market Size, By Structural Components, By Value, 2020H-2030F (USD Billion & CAGR)
3.10.6 Global Automotive Polymer Composites Market Size, By Powertrain Components, By Value, 2020H-2030F (USD Billion & CAGR)
3.11 Global Automotive Polymer Composites Market Segmentation : By Vehicle Type
3.11.1 Global Automotive Polymer Composites Market, By Vehicle Type Overview
3.11.2 Global Automotive Polymer Composites Market Attractiveness Index, By Vehicle Type (2025-2030)
3.11.3 Global Automotive Polymer Composites Market Size, By Passenger, By Value, 2020H-2030F (USD Billion & CAGR)
3.11.4 Global Automotive Polymer Composites Market Size, By Commercial, By Value, 2020H-2030F (USD Billion & CAGR)
4. Automotive Polymer Composites Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Automotive Polymer Composites Market: Historic and Forecast
5.1 Americas Automotive Polymer Composites Market: Snapshot
5.2 Americas Automotive Polymer Composites Market: Market Size and CAGR, By Value, 2020-2030 (USD Billion & CAGR)
5.3 Americas Automotive Polymer Composites Market: Market Size and CAGR, By Volume, 2020-2030 (Million Tonnes & CAGR)
5.4 Americas Automotive Polymer Composites Market: Key Factors
5.5 Americas Automotive Polymer Composites Market: Segment Analysis
5.6 Americas Automotive Polymer Composites Market Segmentation : By Resin Type
5.6.1 Americas Automotive Polymer Composites Market, By Resin Type Overview
5.6.2 Americas Automotive Polymer Composites Market Size, By Polyester, By Value, 2020H-2030F (USD Billion & CAGR)
5.6.3 Americas Automotive Polymer Composites Market Size, By Polypropylene, By Value, 2020H-2030F (USD Billion & CAGR)
5.6.4 Americas Automotive Polymer Composites Market Size, By Epoxy, By Value, 2020H-2030F (USD Billion & CAGR)
5.6.5 Americas Automotive Polymer Composites Market Size, By Vinyl Ester, By Value, 2020H-2030F (USD Billion & CAGR)
5.6.6 Americas Automotive Polymer Composites Market Size, By Other Resins, By Value, 2020H-2030F (USD Billion & CAGR)
5.7 Americas Automotive Polymer Composites Market Segmentation : By Application
5.7.1 Americas Automotive Polymer Composites Market, By Application Overview
5.7.2 Americas Automotive Polymer Composites Market Size, By Interior Components, By Value, 2020H-2030F (USD Billion & CAGR)
5.7.3 Americas Automotive Polymer Composites Market Size, By Exterior Components, By Value, 2020H-2030F (USD Billion & CAGR)
5.7.4 Americas Automotive Polymer Composites Market Size, By Structural Components, By Value, 2020H-2030F (USD Billion & CAGR)
5.7.5 Americas Automotive Polymer Composites Market Size, By Powertrain Components, By Value, 2020H-2030F (USD Billion & CAGR)
5.8 Americas Automotive Polymer Composites Market Segmentation : By Vehicle Type
5.8.1 Americas Automotive Polymer Composites Market, By Vehicle Type Overview
5.8.2 Americas Automotive Polymer Composites Market Size, By Passenger, By Value, 2020H-2030F (USD Billion & CAGR)
5.8.3 Americas Automotive Polymer Composites Market Size, By Commercial, By Value, 2020H-2030F (USD Billion & CAGR)
5.9 Americas Automotive Polymer Composites Market Segmentation : By Country
5.9.1 Americas Automotive Polymer Composites Market, By Country Overview
5.9.2 United States Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.9.2.1 United States Automotive Polymer Composites Market, By Resin Type
5.9.2.2 United States Automotive Polymer Composites Market, By Application
5.9.2.3 United States Automotive Polymer Composites Market, By Vehicle Type
5.9.3 Canada Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.9.3.1 Canada Automotive Polymer Composites Market, By Resin Type
5.9.3.2 Canada Automotive Polymer Composites Market, By Application
5.9.3.3 Canada Automotive Polymer Composites Market, By Vehicle Type
5.9.4 Rest of Americas Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
5.9.4.1 Rest of Americas Automotive Polymer Composites Market, By Resin Type
5.9.4.2 Rest of Americas Automotive Polymer Composites Market, By Application
5.9.4.3 Rest of Americas Automotive Polymer Composites Market, By Vehicle Type
6. Europe Automotive Polymer Composites Market: Historic and Forecast
6.1 Europe Automotive Polymer Composites Market: Snapshot
6.2 Europe Automotive Polymer Composites Market: Market Size and CAGR, BY Value, 2020-2030 (USD Billion & CAGR)
6.3 Europe Automotive Polymer Composites Market: Market Size and CAGR, By Volume, 2020-2030 (Million Tonnes & CAGR)
6.4 Europe Automotive Polymer Composites Market: Key Factors
6.5 Europe Automotive Polymer Composites Market: Segment Analysis
6.6 Europe Automotive Polymer Composites Market Segmentation : By Resin Type
6.6.1 Europe Automotive Polymer Composites Market, By Resin Type Overview
6.6.2 Europe Automotive Polymer Composites Market Size, By Polyester, By Value, 2020H-2030F (USD Billion & CAGR)
6.6.3 Europe Automotive Polymer Composites Market Size, By Polypropylene, By Value, 2020H-2030F (USD Billion & CAGR)
6.6.4 Europe Automotive Polymer Composites Market Size, By Epoxy, By Value, 2020H-2030F (USD Billion & CAGR)
6.6.5 Europe Automotive Polymer Composites Market Size, By Vinyl Ester, By Value, 2020H-2030F (USD Billion & CAGR)
6.6.6 Europe Automotive Polymer Composites Market Size, By Other Resins, By Value, 2020H-2030F (USD Billion & CAGR)
6.7 Europe Automotive Polymer Composites Market Segmentation : By Application
6.7.1 Europe Automotive Polymer Composites Market, By Application Overview
6.7.2 Europe Automotive Polymer Composites Market Size, By Interior Components, By Value, 2020H-2030F (USD Billion & CAGR)
6.7.3 Europe Automotive Polymer Composites Market Size, By Exterior Components, By Value, 2020H-2030F (USD Billion & CAGR)
6.7.4 Europe Automotive Polymer Composites Market Size, By Structural Components, By Value, 2020H-2030F (USD Billion & CAGR)
6.7.5 Europe Automotive Polymer Composites Market Size, By Powertrain Components, By Value, 2020H-2030F (USD Billion & CAGR)
6.8 Europe Automotive Polymer Composites Market Segmentation : By Vehicle Type
6.8.1 Europe Automotive Polymer Composites Market, By Vehicle Type Overview
6.8.2 Europe Automotive Polymer Composites Market Size, By Passenger, By Value, 2020H-2030F (USD Billion & CAGR)
6.8.3 Europe Automotive Polymer Composites Market Size, By Commercial, By Value, 2020H-2030F (USD Billion & CAGR)
6.9 Europe Automotive Polymer Composites Market Segmentation : By Country
6.9.1 Europe Automotive Polymer Composites Market, by Country Overview
6.9.2 Germany Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.9.2.1 Germany Automotive Polymer Composites Market, By Resin Type
6.9.2.2 Germany Automotive Polymer Composites Market, By Application
6.9.2.3 Germany Automotive Polymer Composites Market, By Vehicle Type
6.9.3 United Kingdom Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.9.3.1 United Kingdom Automotive Polymer Composites Market, By Resin Type
6.9.3.2 United Kingdom Automotive Polymer Composites Market, By Application
6.9.3.3 United Kingdom Automotive Polymer Composites Market, By Vehicle Type
6.9.4 France Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.9.4.1 France Automotive Polymer Composites Market, By Resin Type
6.9.4.2 France Automotive Polymer Composites Market, By Application
6.9.4.3 France Automotive Polymer Composites Market, By Vehicle Type
6.9.5 Italy Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.9.5.1 Italy Automotive Polymer Composites Market, By Resin Type
6.9.5.2 Italy Automotive Polymer Composites Market, By Application
6.9.5.3 Italy Automotive Polymer Composites Market, By Vehicle Type
6.9.6 Rest of Europe Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
6.9.6.1 Rest of Europe Automotive Polymer Composites Market, By Resin Type
6.9.6.2 Rest of Europe Automotive Polymer Composites Market, By Application
6.9.6.3 Rest of Europe Automotive Polymer Composites Market, By Vehicle Type
7. Asia Pacific Automotive Polymer Composites Market: Historic and Forecast
7.1 Asia Pacific Automotive Polymer Composites Market: Snapshot
7.2 Asia Pacific Automotive Polymer Composites Market: Market Size and CAGR, By Value, 2020-2030 (USD Billion & CAGR)
7.3 Asia Pacific Automotive Polymer Composites Market: Market Size and CAGR, By Volume, 2020-2030 (Million Tonnes & CAGR)
7.4 Asia Pacific Automotive Polymer Composites Market: Key Factors
7.5 Asia Pacific Automotive Polymer Composites Market: Segment Analysis
7.6 Asia Pacific Automotive Polymer Composites Market Segmentation : By Resin Type
7.6.1 Asia Pacific Automotive Polymer Composites Market, By Resin Type Overview
7.6.2 Asia Pacific Automotive Polymer Composites Market Size, By Polyester, By Value, 2020H-2030F (USD Billion & CAGR)
7.6.3 Asia Pacific Automotive Polymer Composites Market Size, By Polypropylene, By Value, 2020H-2030F (USD Billion & CAGR)
7.6.4 Asia Pacific Automotive Polymer Composites Market Size, By Epoxy, By Value, 2020H-2030F (USD Billion & CAGR)
7.6.5 Asia Pacific Automotive Polymer Composites Market Size, By Vinyl Ester, By Value, 2020H-2030F (USD Billion & CAGR)
7.6.6 Asia Pacific Automotive Polymer Composites Market Size, By Other Resins, By Value, 2020H-2030F (USD Billion & CAGR)
7.7 Asia Pacific Automotive Polymer Composites Market Segmentation : By Application
7.7.1 Asia Pacific Automotive Polymer Composites Market, By Application Overview
7.7.2 Asia Pacific Automotive Polymer Composites Market Size, By Interior Components, By Value, 2020H-2030F (USD Billion & CAGR)
7.7.3 Asia Pacific Automotive Polymer Composites Market Size, By Exterior Components, By Value, 2020H-2030F (USD Billion & CAGR)
7.7.4 Asia Pacific Automotive Polymer Composites Market Size, By Structural Components, By Value, 2020H-2030F (USD Billion & CAGR)
7.7.5 Asia Pacific Automotive Polymer Composites Market Size, By Powertrain Components, By Value, 2020H-2030F (USD Billion & CAGR)
7.8 Asia Pacific Automotive Polymer Composites Market Segmentation : By Vehicle Type
7.8.1 Asia Pacific Automotive Polymer Composites Market, By Vehicle Type Overview
7.8.2 Asia Pacific Automotive Polymer Composites Market Size, By Passenger, By Value, 2020H-2030F (USD Billion & CAGR)
7.8.3 Asia Pacific Automotive Polymer Composites Market Size, By Commercial, By Value, 2020H-2030F (USD Billion & CAGR)
7.9 Asia Pacific Automotive Polymer Composites Market Segmentation : By Country
7.9.1 Asia Pacific Automotive Polymer Composites Market, by Country Overview
7.9.2 China Automotive Polymer Composites Market : Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.9.2.1 China Automotive Polymer Composites Market, By Resin Type
7.9.2.2 China Automotive Polymer Composites Market, By Application
7.9.2.3 China Automotive Polymer Composites Market, By Vehicle Type
7.9.3 Japan Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.9.3.1 Japan Automotive Polymer Composites Market, By Resin Type
7.9.3.2 Japan Automotive Polymer Composites Market, By Application
7.9.3.3 Japan Automotive Polymer Composites Market, By Vehicle Type
7.9.4 India Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.9.4.1 India Automotive Polymer Composites Market, By Resin Type
7.9.4.2 India Automotive Polymer Composites Market, By Application
7.9.4.3 India Automotive Polymer Composites Market, By Vehicle Type
7.9.4 South Korea Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.9.4.1 South Korea Automotive Polymer Composites Market, By Resin Type
7.9.4.2 South Korea Automotive Polymer Composites Market, By Application
7.9.4.3 South Korea Automotive Polymer Composites Market, By Vehicle Type
7.9.5 Rest of Asia Pacific Automotive Polymer Composites Market: Market Size and CAGR, 2020-2030 (USD Billion & CAGR)
7.9.5.1 Rest of Asia Pacific Automotive Polymer Composites Market, By Resin Type
7.9.5.2 Rest of Asia Pacific Automotive Polymer Composites Market, By Application
7.9.5.3 Rest of Asia Pacific Automotive Polymer Composites Market, By Vehicle Type
8. Middle East & Africa Automotive Polymer Composites Market: Historic and Forecast
8.1 Middle East & Africa Automotive Polymer Composites Market: Snapshot
8.2 Middle East & Africa Automotive Polymer Composites Market: Market Size and CAGR, By Value, 2020-2030 (USD Billion & CAGR)
8.3 Middle East & Africa Automotive Polymer Composites Market: Market Size and CAGR, By Volume, 2020-2030 (Million Tonnes & CAGR)
8.4 Middle East & Africa Automotive Polymer Composites Market: Key Factors
8.5 Middle East and Africa Automotive Polymer Composites Market: Segment Analysis
8.6 Middle East & Africa Automotive Polymer Composites Market Segmentation : By Resin Type
8.6.1 Middle East & Africa Automotive Polymer Composites Market, By Resin Type Overview
8.6.2 Middle East & Africa Automotive Polymer Composites Market Size, By Polyester, By Value, 2020H-2030F (USD Billion & CAGR)
8.6.3 Middle East & Africa Automotive Polymer Composites Market Size, By Polypropylene, By Value, 2020H-2030F (USD Billion & CAGR)
8.6.4 Middle East & Africa Automotive Polymer Composites Market Size, By Epoxy, By Value, 2020H-2030F (USD Billion & CAGR)
8.6.5 Middle East & Africa Automotive Polymer Composites Market Size, By Vinyl Ester, By Value, 2020H-2030F (USD Billion & CAGR)
8.6.6 Middle East & Africa Automotive Polymer Composites Market Size, By Other Resins, By Value, 2020H-2030F (USD Billion & CAGR)
8.7 Middle East & Africa Automotive Polymer Composites Market Segmentation : By Application
8.7.1 Middle East & Africa Automotive Polymer Composites Market, By Application Overview
8.7.2 Middle East & Africa Automotive Polymer Composites Market Size, By Interior Components, By Value, 2020H-2030F (USD Billion & CAGR)
8.7.3 Middle East & Africa Automotive Polymer Composites Market Size, By Exterior Components, By Value, 2020H-2030F (USD Billion & CAGR)
8.7.4 Middle East & Africa Automotive Polymer Composites Market Size, By Structural Components, By Value, 2020H-2030F (USD Billion & CAGR)
8.7.5 Middle East & Africa Automotive Polymer Composites Market Size, By Powertrain Components, By Value, 2020H-2030F (USD Billion & CAGR)
8.8 Middle East & Africa Automotive Polymer Composites Market Segmentation : By Vehicle Type
8.8.1 Middle East & Africa Automotive Polymer Composites Market, By Vehicle Type Overview
8.8.2 Middle East & Africa Automotive Polymer Composites Market Size, By Passenger, By Value, 2020H-2030F (USD Billion & CAGR)
8.8.3 Middle East & Africa Automotive Polymer Composites Market Size, By Commercial, By Value, 2020H-2030F (USD Billion & CAGR)
9. Market Dynamics
9.1 Impact assessment of Market Dynamics on Automotive Polymer Composites Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Porter Analysis
11. Competitive Positioning
11.1 Companies' Service Positioning
11.2 Market Position Matrix
11.3 Market Share Analysis of Automotive Polymer Composites Market
11.4 Company Profiles
11.4.1 Hexcel Corporation
11.4.2 Toray Industries, Inc.
11.4.3 SGL Carbon SE
11.4.4 Owens Corning
11.4.5 BASF SE
11.4.6 Plasan
11.4.7 GKN Ltd
11.4.8 Teijin Limited
11.4.9 Solvay NV/SA
11.4.10 Gurit Holding AG
12. About Us & Disclaimer
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