The Asia Pacific Automotive Composites Market size is expected to reach US$ 16.62 billion by 2031 from US$ 7.30 billion in 2024. The market is estimated to record a CAGR of 10.8% from 2025 to 2031.
Executive Summary and Asia Pacific Automotive Composites Market Analysis
Asia Pacific’s automotive composites market is undergoing a period of strong growth, primarily attributable to the region’s significant automotive manufacturing output and the growing preference for lightweight, robust, and fuel-efficient vehicles. Housing some of the world’s largest automotive companies, such as Toyota, Honda, Hyundai, and Tata Motors, Asia Pacific plays a vital role in the global automotive sector. The demand for composites in this region is motivated by the need to lower vehicle weight, enhance fuel efficiency, and comply with increasingly stringent environmental regulations in key markets like China, India, Japan, and South Korea. Data from Fastener World Inc. indicates a substantial rise in Asia Pacific’s production volume, from over 46 million units in 2021 to over 50 million units in 2022 and exceeding 55 million units in 2023. The region’s car market is expanding swiftly, driven by a growing middle class and increasing disposable income, establishing it as the largest regional hub for automobile production and the largest market for vehicle purchasers.
Download our Sample PDF Report
@ https://www.businessmarketinsights.com/sample/BMIRE00031214
Market Outlook
The Asia Pacific automotive composites market is expanding due to the escalating demand for electric (EVs) and hybrid vehicles. As these vehicles necessitate lighter components to counteract the weight of substantial batteries, automotive manufacturers are increasingly adopting composites to reduce the total vehicle mass. Composites, such as carbon fiber, glass fiber, and thermoplastic polymers, offer a superior strength-to-weight ratio, rendering them highly suitable for diverse applications in electric vehicle bodies, interiors, and powertrains. The expansion of the EV market, particularly in China, is expected to continue to drive demand for composite materials throughout the forecast period as manufacturers seek to improve driving range and performance while lessening environmental impact. The automotive industry is rapidly growing in developing economies within Asia Pacific, including India and Southeast Asia, as local manufacturers aim to satisfy the increasing need for affordable, fuel-efficient, and environmentally friendly vehicles.
Asia Pacific Automotive Composites Market Segmentation
Asia Pacific Automotive Composites Market: By Fiber Type
- Glass Fiber Composites
- Carbon Fiber Composites
Asia Pacific Automotive Composites Market: By Resin Type
- Thermoset
- Thermoplastics
Asia Pacific Automotive Composites Market: By Technology
Pultrusion
- Injection Molding
- Compression Molding
Asia Pacific Automotive Composites Market: By Vehicle Type
Passenger Cars
- Commercial Vehicles
- Two Wheelers
Asia Pacific Automotive Composites Market: Regions and Countries Covered
- Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Asia Pacific Automotive Composites Market: Market leaders and key company profiles
- Gurit Holdings AG
- Hexcel Corp
- Mitsubhishi Chemical Group
- SGL Carbon SE
- Solvay SA
- Teijin Ltd
- DuPont de Numours Inc
- Toray Industries
- Atlas Fibre
- Elaghmore Advisor LLP
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
