Automotive Glass Fiber Composites Market Outlook (2024–2031)

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 CAGR of 12.4% from 2025 to 2031.

📚Download Full PDF Sample Copy of Market Report @
https://www.businessmarketinsights.com/sample/BMIPUB00031713

Executive Summary

This report offers a strategic analysis of the global automotive glass fiber composites market, highlighting key trends, growth drivers, challenges, and competitive dynamics from 2021 through 2031. Drawing on a combination of primary and secondary research, the study provides stakeholders with actionable insights into the market’s trajectory.

Market Overview

The automotive industry’s ongoing shift toward lightweight and high-performance materials is driving the demand for glass fiber composites. These materials are increasingly used across vehicle exteriors (bumpers, body panels, fenders), interiors, and structural components due to their superior strength-to-weight ratio, corrosion resistance, and design flexibility.

Key Growth Drivers

• Stringent emissions regulations are compelling automakers to adopt lightweight solutions to enhance fuel efficiency.
• The surging electric vehicle (EV) market demands lighter materials to offset battery weight and improve driving range.
• Technological advancements—including resin transfer molding and automated fiber placement—are improving production efficiency and reducing costs.
• The emergence of hybrid composites (e.g., glass fiber blended with carbon fiber or thermoplastics) is unlocking new possibilities in performance, safety, and sustainability.

Automotive Glass Fiber Composites Market Segmentation Analysis

The automotive glass fiber composites market is analyzed across four key segments: fiber type, resin type, application, and geography.

By Fiber Type:

• E-Glass, S-Glass, Other Types
  E-Glass dominates the market due to its optimal combination of mechanical strength, versatility, and cost-effectiveness, making it ideal for a broad range of automotive applications. S-Glass, offering higher tensile strength and stiffness, is used in specialized or high-performance components where enhanced mechanical properties justify the higher cost.

By Resin Type:

• Thermoset Resin, Thermoplastic Resin
  Thermoset resins—such as epoxy, polyester, and vinyl ester—hold the largest market share. These resins are valued for their excellent mechanical strength, heat resistance, dimensional stability, and durability, making them suitable for demanding automotive applications like body panels and structural components. Thermoplastic resins, while offering advantages in recyclability and shorter processing cycles, currently lag due to limitations in heat resistance and strength. However, ongoing advancements are positioning thermoplastics for strong future growth, especially in semi-structural and non-structural components.

By Application:

• Exterior, Interior, Structural, Other Applications
  The Exterior segment currently leads the market, driven by demand for lightweight, durable, and corrosion-resistant parts such as body panels, bumpers, and fenders. However, the Structural segment is emerging as the fastest-growing application area, propelled by the automotive industry’s focus on vehicle lightweighting and performance optimization—particularly critical in the EV segment.

By Geography:

• North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
  Asia Pacific dominates the global automotive glass fiber composites market and is expected to maintain its lead. This dominance is driven by robust automotive manufacturing hubs, growing vehicle production, and rising demand for fuel-efficient vehicles. Europe and North America also represent substantial markets, supported by stringent environmental regulations and the presence of leading automotive OEMs and tier suppliers.

Market Drivers and Opportunities

1. Lightweighting and Fuel Efficiency Mandates:

Global regulations aimed at reducing emissions and improving fuel economy are pressuring automakers to reduce vehicle weight. Glass fiber composites provide a favorable strength-to-weight ratio, contributing to improved fuel efficiency in ICE vehicles and extended range in EVs.

2. Technological Advancements:

Innovations in materials and manufacturing—such as automated composite fabrication and 3D printing—are enhancing the performance and cost-efficiency of glass fiber composites. These advancements are expanding their application scope in both structural and aesthetic automotive components.

Market Share Highlights

• Fiber Type:
  E-Glass leads due to its wide applicability and cost-efficiency. S-Glass remains niche but vital for high-strength, performance-focused applications.
• Resin Type:
  Thermoset resins hold the majority share, though thermoplastics are gaining momentum due to their recyclability and quicker processing.
• Application:
  Exterior applications currently dominate; however, the structural segment is projected to experience the fastest growth due to industry trends in lightweighting and safety.
• Geography:
  Asia Pacific remains the market leader, supported by large-scale automotive production and a growing demand for lightweight materials.

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 Outlook: Automotive Glass Fiber Composites

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

Among these, Asia Pacific leads the market, driven by a robust automotive manufacturing sector, early adoption of lightweight composite materials, and stringent environmental regulations aimed at enhancing fuel efficiency and reducing emissions.

Outside of APAC, North America and Europe represent the most mature and significant markets, propelled by regulatory mandates, strong sustainability targets, and the growing adoption of electric vehicles (EVs). These regions benefit from well-established automotive ecosystems and technological advancements in composite applications.

The Middle East, Africa, and South & Central America are emerging markets, experiencing steady growth. Although currently smaller in scale, these regions show increasing potential as their automotive sectors expand and focus intensifies on lightweight solutions and efficiency improvements.

Automotive Glass Fiber Composites Market Research Report Structure

The report offers a comprehensive blend of qualitative and quantitative analysis across drive type, propulsion, sales channel, and regional segmentation. The structure includes:

• Chapter 2 – Key Takeaways: Summarizes key market trends and forecasts.
• Chapter 3 – Research Methodology: Details the approach and sources used in the study.
• Chapter 4 – Ecosystem and Porter’s Analysis: Provides a holistic view of the industry landscape.
• Chapter 5 – Market Dynamics: Discusses key drivers, restraints, opportunities, and emerging trends, including an impact analysis.
• Chapter 6 – Market Overview: Covers historical data and projections up to 2031.
• Chapters 7–9 – Market Segmentation: Examines the market by product type, technology, application, end user, and region, including revenue forecasts and influencing factors.
• Chapter 10 – Competitive Analysis: Features heat map analysis of key players.
• Chapter 11 – Industry Landscape: Highlights recent strategic developments such as partnerships, expansions, mergers, and innovations.
• Chapter 12 – Company Profiles: Offers detailed insights into major market players, including business overviews, financials, SWOT analysis, and key developments.
• Chapter 13 – Appendix: Includes abbreviations, disclaimers, and additional company background information.

Key Developments in the Automotive Glass Fiber Composites Market

Recent notable developments shaping the market include:

• March 2024: Exel Composites (Finland) signed an agreement with Foton Bus and Coach Co. (China) to supply pultruded glass fiber composite profiles. Manufactured in China, these components aim to reduce vehicle weight and maintenance needs due to their lightweight and corrosion-resistant nature.
• September 2024: Borealis (Austria) introduced Borcycle GD3600SY, a new glass fiber-reinforced polypropylene (PP) compound with 65% post-consumer recycled (PCR) content. This material will be used in automotive interiors through a collaboration with Plastivaloire (France) and OEM Stellantis, supporting sustainability in vehicle design.

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 & Défense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

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