Dublin, May 06, 2025 (GLOBE NEWSWIRE) -- The "Automotive Glass Fiber Composites Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.
The Automotive Glass Fiber Composites Market was valued at USD 9.9 Billion in 2024, and is expected to reach USD 12.3 Billion by 2030, rising at a CAGR of 4.30%.
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.
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
- Huntsman Corporation
- Gurit Services
- Veplas Group
- Solvay Group
- SGL Carbon
- Hexcel Corporation
- Mitsubishi Chemical Group Corporation
- TEIJIN.
- TORAY Industries
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
For more information about this report visit https://www.researchandmarkets.com/r/2p0guk
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