Automotive Glass Fiber Composites Market Analysis (2025–2031)

Executive Summary

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, expanding at a CAGR of 12.4% during the forecast period (2025–2031). This growth is fueled by the automotive industry's increasing demand for lightweight, high-strength materials that enhance vehicle performance, fuel efficiency, and sustainability.

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This report delivers a detailed assessment of market size, share, and key dynamics, offering stakeholders a strategic perspective on industry trends, growth drivers, challenges, and competitive landscape. Utilizing a robust research methodology—combining primary and secondary data—the study provides actionable insights into market evolution.

Market Overview

The automotive glass fiber composites market is witnessing steady expansion, driven by:

• Stringent emissions regulations pushing automakers toward lightweight solutions.
• Rising demand for fuel-efficient and electric vehicles (EVs).
• Superior material properties, including high strength-to-weight ratio, corrosion resistance, and design flexibility.

Key Applications

Glass fiber composites are increasingly used in:

• Exterior components (body panels, bumpers, fenders)
• Interior parts
• Structural reinforcements

Technological Advancements

Innovations in manufacturing—such as automated fiber placement (AFP) and resin transfer molding (RTM)—are improving cost efficiency and adoption rates. Additionally, hybrid composites (combining glass fibers with carbon fibers or thermoplastics) are gaining traction, offering enhanced mechanical properties for both conventional and electric vehicles.

Growth Opportunities

• Expansion of EV market driving demand for lightweight materials.
• Development of hybrid composites for superior performance.
• Advancements in recycling technologies supporting sustainability initiatives.

This report equips industry players with critical insights to navigate market trends, capitalize on emerging opportunities, and strengthen competitive positioning in the evolving automotive composites landscape.

Automotive Glass Fiber Composites Market Segmentation Analysis

Key segments that contributed to the derivation of the automotive glass fiber composites market analysis are fiber type, Resin type, application, and geography.

• By fiber type, the Automotive glass fiber composites market is segmented into E-Glass, S-Glass, Other Types. E-glass fibers are the most widely used due to their excellent balance of mechanical properties, cost-effectiveness, and versatility.
• By resin type, the Automotive glass fiber composites market is segmented into Thermoset Resin, Thermoplastic Resin. Thermoset resins like epoxy, polyester, and vinyl ester are crucial in the automotive industry. They offer a winning combination of mechanical strength, durability, heat resistance, and dimensional stability. These qualities are essential for demanding applications such as body panels, structural parts, and under-the-hood components in vehicles. 
• By application, the Automotive glass fiber composites market is segmented into Exterior, Interior, Structural, Other Applications. Exterior segment generally holds the largest share in the automotive glass fiber composites market by application. This is driven by the increasing demand for lightweight, durable, and aesthetically appealing vehicle components like body panels, bumpers, and fenders, where glass fiber composites offer a superior strength-to-weight ratio and resistance to corrosion.
• By geography, the Automotive glass fiber composites market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. APAC region dominated the market in 2024.

Automotive Glass Fiber Composites Market Drivers and Opportunities:

Lightweighting and Fuel Efficiency Demands

Increasingly stringent global fuel economy and emissions regulations compel automakers to reduce vehicle weight. Glass fiber composites offer an excellent strength-to-weight ratio, directly contributing to improved fuel efficiency for internal combustion engine vehicles and extended range for electric vehicles.

Advancements in Composite Technologies

Ongoing innovations in manufacturing processes (e.g., automated production, 3D printing for composites) and material science (e.g., nanostructured composites) are making glass fiber composites more cost-effective and performance enhanced.

Automotive Glass Fiber Composites Market Size and Share Analysis

By fiber type, E-Glass (Electrical Glass) holds the largest share by fiber type, driven by the sheer volume of general automotive applications where E-Glass provides a cost-effective and functionally adequate solution. S-Glass (Strength Glass), while offering superior mechanical properties like higher tensile strength and stiffness, is considerably more expensive. Therefore, its use is typically confined to high-performance, specialized, or critical structural applications where its enhanced properties justify the higher cost.

By resin type, Thermoset Resin currently holds the largest share. While Thermoplastic Resins are gaining traction due to their recyclability and faster processing cycles (as they can be melted and re-molded), they generally exhibit lower heat resistance and mechanical properties compared to thermosets for many high-performance automotive applications. However, their advancements and focus on sustainability are positioning them for significant growth in the future, particularly in non-structural and semi-structural parts.

By application, Exterior segment has traditionally held the largest share, the Structural segment is rapidly growing and, in some analyses, is projected to be the fastest growing or even the dominant segment in the near future. This is fundamentally driven by the automotive industry's twin goals of aggressive lightweighting (especially for EVs) and meeting increasingly stringent safety and performance requirements.

By geography, Asia Pacific consistently holds the largest share in the automotive glass fiber composites market by geography. While other regions like Europe and North America also represent significant markets due to stringent environmental regulations and the presence of major automakers, Asia Pacific generally leads in terms of market share and is expected to maintain strong growth.

Market leaders and 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

Automotive Glass Fiber Composites Market Overview

The Automotive Glass Fiber Composites Market report provides a comprehensive analysis of the industry, segmented into five key regions: North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and South & Central America (SCA). Among these, APAC dominates the market and is projected to experience significant growth during the forecast period, driven by its robust automotive manufacturing sector, rapid adoption of lightweight composite materials, and stringent regulations promoting fuel efficiency and emission reductions.

Regional Market Insights

• APAC: Holds the largest market share due to strong automotive production, technological advancements, and regulatory support for sustainable materials.
• North America & Europe: Mature markets with steady demand, fueled by strict emissions standards, sustainability initiatives, and the shift toward electric vehicles (EVs).
• MEA & SCA: Emerging markets showing gradual growth as automotive industries expand and lightweight materials gain importance.

Report Structure & Key Highlights

1. Executive Summary (Chapter 2): Outlines major trends and market outlook.
2. Research Methodology (Chapter 3): Details the study’s approach.
3. Market Ecosystem & Porter’s Analysis (Chapter 4): Examines industry dynamics and competitive forces.
4. Market Dynamics (Chapter 5): Covers drivers, restraints, opportunities, and future trends, including an impact analysis.
5. Historical & Forecasted Market Data (Chapter 6): Analyzes past revenues and projections up to 2031.
6. Segmentation Analysis (Chapters 7-9): Breaks down the market by product type, portability, technology, application, end-user, and region, with revenue forecasts and growth drivers.
7. Competitive Analysis (Chapter 10): Includes a heat map of key players.
8. Industry Landscape (Chapter 11): Highlights market developments, mergers, acquisitions, and joint ventures.
9. Company Profiles (Chapter 12): In-depth analysis of leading companies, covering business strategies, financials, SWOT analysis, and recent developments.
10. Appendix (Chapter 13): Provides additional references, abbreviations, and disclaimers.

Recent Market Developments

• March 2024: Exel Composites (Finland) secured a contract with Foton Bus and Coach Co. (China) to supply pultruded glass fiber composite profiles, enhancing vehicle lightweighting and corrosion resistance.
• September 2024: Borealis (Austria) introduced Borcycle GD3600SY, a 65% recycled glass fiber-reinforced polypropylene, developed in collaboration with Plastivaloire (France) and Stellantis for automotive interiors.

This report combines qualitative and quantitative data from primary and secondary research, including corporate publications, industry associations, and databases, to deliver a detailed and actionable market analysis.

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