Automotive Glass Fiber Composites Market, Size, Segment and Growth by Forecast (2021-2031)

Executive Summary and Global Market Analysis

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, at a robust compound annual growth rate (CAGR) of 12.4% from 2025 to 2031.

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This report delivers a comprehensive assessment of the market, providing in-depth insights into its size, share, and key dynamics over the 2021–2031 forecast period. Designed to support strategic decision-making, the analysis highlights major growth drivers, emerging opportunities, market challenges, and the competitive landscape. The findings are based on a robust research methodology that combines primary interviews with extensive secondary data to ensure accuracy and relevance.

Market growth is primarily fueled by the automotive sector’s increasing demand for lightweight, high-performance materials that enhance fuel efficiency, vehicle dynamics, and environmental sustainability. Glass fiber composites are widely adopted across vehicle components—such as exteriors (body panels, bumpers, fenders), interiors, and structural parts—thanks to their superior strength-to-weight ratio, corrosion resistance, and design versatility.

Stringent emission regulations, along with the global shift toward electric and hybrid vehicles, are intensifying the demand for advanced composite materials. Innovations in manufacturing processes—including automated fiber placement and resin transfer molding—are improving production efficiency and reducing costs, enabling broader adoption across vehicle segments.

Additionally, the emergence of hybrid composites—integrating glass fibers with carbon fibers or thermoplastics—presents significant opportunities. These materials offer improved mechanical performance and help automakers meet the evolving technical and regulatory demands of both traditional internal combustion engine (ICE) vehicles and next-generation EVs.

Automotive Glass Fiber Composites Market – Segmentation, Drivers, and Size Analysis

Market Segmentation Overview:

The global automotive glass fiber composites market is segmented based on fiber type, resin type, application, and geography.

• By Fiber Type:
  • E-Glass, S-Glass, Other Types
    E-glass fibers dominate this segment, primarily due to their balanced mechanical performance, affordability, and adaptability across diverse automotive applications. S-glass fibers, while offering superior tensile strength and stiffness, are more expensive and are thus typically used in high-performance or critical structural components.
• By Resin Type:
  • Thermoset Resin, Thermoplastic Resin
    Thermoset resins—including epoxy, polyester, and vinyl ester—hold the largest market share. These resins are favored for their exceptional strength, heat resistance, dimensional stability, and durability, making them ideal for demanding automotive components such as body panels, structural elements, and under-the-hood parts. Thermoplastics, although gaining momentum due to their recyclability and faster processing, are currently limited by lower heat resistance and mechanical properties but are poised for future growth, especially in semi-structural and interior applications.
• By Application:
  • Exterior, Interior, Structural, Other Applications
    The Exterior segment traditionally leads the market, driven by demand for lightweight, corrosion-resistant, and aesthetically pleasing parts like bumpers, fenders, and body panels. However, the Structural segment is emerging as the fastest-growing application area, fueled by rising requirements for vehicle lightweighting and safety performance, particularly in electric vehicles.
• By Geography:
  • North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
    The Asia Pacific region held the largest market share in 2024, supported by the high concentration of automotive manufacturing, cost-effective production capabilities, and rising demand for fuel-efficient vehicles. Europe and North America follow, benefiting from strict environmental regulations and the presence of global automotive OEMs.

Market Drivers and Opportunities:

• Lightweighting & Fuel Efficiency:
  With tightening global fuel economy and emissions standards, reducing vehicle weight has become critical. Glass fiber composites, offering high strength-to-weight ratios, help automakers enhance fuel efficiency and extend the range of electric vehicles.
• Advancements in Composite Technology:
  Innovations in materials and manufacturing—such as automated production lines, 3D printing for composites, and nanostructured enhancements—are making glass fiber composites more cost-effective, scalable, and high-performing, unlocking new application areas across the automotive sector.

Market Size and Share Insights:

• Fiber Type:
  E-Glass leads the segment due to its extensive use in general automotive applications. S-Glass, though stronger, is limited to high-performance areas because of its higher cost.
• Resin Type:
  Thermoset Resins remain dominant, especially for structural and high-heat components. Thermoplastics, however, are showing strong potential for growth thanks to environmental benefits and shorter production cycles.
• Application:
  Exterior components continue to hold the largest market share. However, as structural performance and lightweighting become more critical—particularly in EVs—the Structural segment is projected to witness the highest growth.
• Geography:
  Asia Pacific continues to lead the global market, bolstered by the scale of regional automotive manufacturing and increasing regulatory focus on vehicle efficiency. Europe and North America remain crucial markets driven by innovation and sustainability mandates.

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

Geographical Coverage and Market Overview: Automotive Glass Fiber Composites

The Automotive Glass Fiber Composites market is analyzed across five key regions: North America, Asia Pacific (APAC), Europe, Middle East & Africa, and South & Central America.

Regional Insights

• Asia Pacific (APAC) leads the global market, driven by its robust automotive manufacturing base, early adoption of lightweight composite materials, and regulatory mandates focused on fuel efficiency and emissions reduction.
• North America and Europe represent mature and well-established markets, benefiting from strong regulatory frameworks, sustainability initiatives, and the accelerating shift toward electric vehicles (EVs).
• Middle East & Africa and South & Central America are emerging markets, showing steady growth as regional automotive industries expand and lightweighting becomes a strategic focus.

Report Structure and Research Approach

The market research report delivers both qualitative and quantitative insights segmented by fiber type, resin type, application, and region. Key components of the report include:

• Chapter 2 – Key Takeaways: Highlights top trends and market outlook.
• Chapter 3 – Research Methodology: Outlines data collection and analysis methods.
• Chapter 4 – Ecosystem & Porter’s Analysis: Assesses competitive forces and value chain.
• Chapter 5 – Market Dynamics: Covers drivers, challenges, opportunities, and future trends, along with their impact analysis.
• Chapter 6 – Market Overview: Presents historical data and revenue forecasts up to 2031.
• Chapters 7–9 – Market Segmentation: Detailed analysis by product type, application, end-user, and region.
• Chapter 10 – Competitive Analysis: Includes heat map assessment of major players.
• Chapter 11 – Industry Landscape: Covers recent business activities, strategic developments, and M&A.
• Chapter 12 – Company Profiles: In-depth profiles including financials, SWOT analysis, and recent initiatives.
• Chapter 13 – Appendix: Definitions, abbreviations, and disclaimers.

Market Developments

Recent strategic moves in the Automotive Glass Fiber Composites market include:

• March 2024: Exel Composites (Finland) signed an agreement with Foton Bus and Coach Co. (China) to supply pultruded glass fiber profiles manufactured in China. These composites enhance vehicle performance by reducing weight and maintenance through corrosion-resistant properties.
• September 2024: Borealis (Austria) introduced Borcycle GD3600SY, a polypropylene (PP) compound reinforced with glass fiber containing 65% post-consumer recycled content. This material will be used in automotive interiors through a partnership with Plastivaloire (France) and OEM Stellantis.

Key Data Sources

• The World Bank
• Glass Fiber Europe
• European Automobile Manufacturers’ Association (ACEA)
• International Glassfibre Reinforced Concrete Association
• Government and regulatory publications
• Trade databases and corporate reports

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