Global Automotive Glass Fiber Composites Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), and Continuous Fiber Thermoplastic (CFT).

By Vehicle Type;

Non-electric and Electric.

By Application;

Interiors, Exteriors, Structural Assembly, Power-train Components, and Other Application Types.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn307178670 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Glass Fiber Composites Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Glass Fiber Composites Market was valued at USD 2,223.01 million. The size of this market is expected to increase to USD 2,790.26 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.3%.

The global automotive industry is undergoing a transformative phase, with a growing emphasis on lightweight materials to enhance fuel efficiency, performance, and sustainability. In this context, automotive glass fiber composites have emerged as a pivotal solution, offering a blend of strength, durability, and reduced weight compared to traditional materials like steel and aluminum. These composites are increasingly being integrated into various automotive components, including body panels, chassis, interiors, and under-the-hood applications, driving significant advancements in vehicle design and performance.

One of the primary drivers behind the adoption of automotive glass fiber composites is their ability to contribute to the overall weight reduction of vehicles. By utilizing these lightweight materials, automakers can achieve substantial improvements in fuel efficiency, thereby addressing stringent regulatory standards and consumer demands for eco-friendly transportation solutions. Additionally, the inherent strength and stiffness of glass fiber composites enhance vehicle safety by providing better impact resistance and crashworthiness, further augmenting their appeal in the automotive sector.

Advancements in manufacturing technologies and material formulations have expanded the application scope of automotive glass fiber composites across a wide range of vehicle types, from passenger cars to commercial vehicles and even electric vehicles (EVs). The versatility of these materials allows for innovative design possibilities, enabling automakers to create sleeker, more aerodynamic vehicles without compromising on structural integrity or performance. As a result, the market for automotive glass fiber composites is witnessing steady growth, driven by ongoing efforts to enhance vehicle efficiency, safety, and sustainability.

The automotive industry is poised for continued evolution, with the adoption of glass fiber composites expected to escalate further. With ongoing research and development initiatives focused on improving material properties, reducing production costs, and addressing end-of-life concerns through recyclability, automotive glass fiber composites are set to play an increasingly integral role in shaping the future of mobility, driving innovation, and enabling the development of next-generation vehicles.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Automotive Glass Fiber Composites Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Lightweighting trend boosts demand
        2. Stringent fuel efficiency regulations
        3. Superior strength-to-weight ratio
        4. Growing automotive production globally
        5. Increasing focus on sustainability
      2. Restraints
        1. High production costs
        2. Limited recycling options
        3. Fluctuating raw material prices
        4. Complex manufacturing processes
        5. Intensive research requirements
      3. Opportunities
        1. Advancements in material technology
        2. Expanding electric vehicle market
        3. Rising demand for luxury vehicles
        4. Emerging markets penetration
        5. Customization for automotive applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Glass Fiber Composites Market, By Type, 2021 - 2031 (USD Million)
      1. Short Fiber Thermoplastic (SFT)
      2. Long Fiber Thermoplastic (LFT)
      3. Continuous Fiber Thermoplastic (CFT)
      4. Continuous Fiber Thermoplastic (CFT)
    2. Global Automotive Glass Fiber Composites Market, By Vehicle Type , 2021 - 2031 (USD Million)
      1. Non-electric
      2. Electric
    3. Global Automotive Glass Fiber Composites Market, By Application, 2021 - 2031 (USD Million)
      1. Interiors
      2. Exteriors
      3. Structural Assembly
      4. Power-train Components
      5. Other Application Types
    4. Global Automotive Glass Fiber Composites Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Solvay Group
      2. 3B (Braj Binani Group)
      3. Owens Corning
      4. Jiangsu Changhai Composite Materials
      5. Veplas Group
      6. SAERTEX GmbH & Co.KG
      7. ASAHI FIBER GLASS Co., Ltd.
      8. Nippon Sheet Glass Company, Limited
  7. Analyst Views
  8. Future Outlook of the Market