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, expanding at a CAGR of 12.4% from 2025 to 2031.

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Executive Summary and Global Market Analysis

This report delivers an in-depth analysis of the automotive glass fiber composites market, offering key insights into market size, share, trends, and strategic developments over the 2021–2031 forecast period. Designed to support stakeholders across the value chain, it outlines the primary growth drivers, challenges, emerging opportunities, and the competitive landscape. The analysis is grounded in a robust research methodology that integrates both primary interviews and secondary data to ensure a well-rounded perspective.

Market Dynamics

The market is witnessing robust growth as the automotive sector increasingly turns to lightweight, high-strength materials to enhance vehicle performance, fuel efficiency, and regulatory compliance. Glass fiber composites are being widely adopted in both internal and external vehicle components—including body panels, bumpers, fenders, and structural elements—owing to their superior strength-to-weight ratio, corrosion resistance, and design versatility.

Key growth factors include:

• Stricter emission standards and fuel economy targets prompting OEMs to reduce vehicle weight
• Expansion of the electric vehicle (EV) segment, which demands lighter, more efficient components
• Advancements in manufacturing processes, such as automated fiber placement and resin transfer molding, reducing costs and improving scalability

Moreover, the development of hybrid composites—which blend glass fibers with carbon fibers or thermoplastics—opens new avenues for innovation. These materials offer enhanced mechanical properties and meet evolving performance needs across both traditional and electric vehicle platforms.

Automotive Glass Fiber Composites Market Segmentation Analysis

The global automotive glass fiber composites market is segmented based on fiber type, resin type, application, and geography. These segments collectively shape the market landscape and provide insights into evolving demand patterns.

By Fiber Type

• E-Glass, S-Glass, and Other Types

E-glass fibers dominate the market due to their optimal balance of mechanical performance, cost-efficiency, and broad applicability across automotive components. S-glass fibers, known for superior tensile strength and stiffness, are used in high-performance or critical structural applications where enhanced material properties justify higher costs.

By Resin Type

• Thermoset Resins and Thermoplastic Resins

Thermoset resins—such as epoxy, polyester, and vinyl ester—hold the largest market share. Their high mechanical strength, thermal stability, and dimensional integrity make them essential for demanding applications like structural parts, body panels, and under-the-hood components. Thermoplastic resins, while gaining traction due to their recyclability and rapid processing capabilities, are currently limited by lower heat resistance. However, technological advancements are paving the way for their expanded use, particularly in semi-structural and non-structural applications.

By Application

• Exterior, Interior, Structural, and Other Applications

The Exterior segment leads the market, driven by rising demand for lightweight, corrosion-resistant, and aesthetically appealing components such as bumpers, fenders, and body panels. However, the Structural segment is experiencing rapid growth and is projected to outpace other segments in the near future. This shift reflects the automotive industry's strategic emphasis on lightweighting—particularly for electric vehicles—and compliance with stricter safety and performance standards.

By Geography

• North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America

The Asia Pacific region remains the dominant market for automotive glass fiber composites, driven by robust automotive manufacturing activity, cost-competitive production environments, and increasing demand for fuel-efficient vehicles. Europe and North America also represent substantial markets, bolstered by stringent environmental regulations and a strong presence of OEMs and Tier 1 suppliers.

Market Drivers and Opportunities

1. Lightweighting and Fuel Efficiency

Global efforts to meet fuel economy targets and reduce emissions are compelling automakers to prioritize vehicle lightweighting. Glass fiber composites offer an excellent strength-to-weight ratio, supporting both traditional internal combustion engines and the growing EV segment by enhancing fuel economy and driving range.

2. Technological Advancements in Composites

Innovations in materials science—such as nanostructured composites—and advanced manufacturing processes like automated production and 3D printing are improving the performance and cost-efficiency of glass fiber composites. These advancements are opening new application avenues and increasing the material's appeal across the automotive value chain.

Market Outlook

• E-Glass remains the material of choice for most automotive applications due to its versatility and affordability.
• Thermoset Resins continue to lead, although Thermoplastic Resins are gaining ground due to sustainability trends.
• While the Exterior segment currently leads, the Structural segment is poised for significant expansion.
• Asia Pacific will likely retain its leadership position, with continued growth expected from major manufacturing hubs such as China and India.

This dynamic landscape underscores the strategic role of glass fiber composites in enabling next-generation vehicle design, performance, and sustainability.

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

The geographical coverage of the Automotive Glass Fiber Composites market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. The Automotive Glass Fiber Composites market in Asia Pacific is expected to grow significantly during the forecast period.

APAC region holds the largest share, this leading position is attributed to the region’s strong automotive manufacturing base, advanced adoption of lightweight composite materials, and stringent regulations promoting fuel efficiency and reduced emissions.

Outside APAC, North America and Europe are the largest and most mature markets for automotive glass fiber composites, driven by regulatory pressures, sustainability goals, and the transition to electric vehicles. The Middle East, Africa, and South and Central America are emerging markets, showing steady but smaller-scale growth as automotive industries develop and lightweighting becomes a greater priority.

Automotive Glass Fiber Composites Market Research Report Guidance

• The report includes qualitative and quantitative data in the Automotive Glass Fiber Composites market across drive type, propulsion, sales channel, and geography.
• The report starts with the key takeaways (chapter 2), highlighting the key trends and outlook of the Automotive Glass Fiber Composites market.
• Chapter 3 includes the research methodology of the study.
• Chapter 4 further includes ecosystem analysis along with Porter’s analysis.
• Chapter 5 highlights the major industry dynamics in the Automotive Glass Fiber Composites market, including factors that are driving the market, prevailing deterrents, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is covered in this section.
• Chapter 6 discusses the Automotive Glass Fiber Composites market scenario, in terms of historical market revenues, and forecast till the year 2031.
• Chapters 7 to 9 cover Automotive Glass Fiber Composites market segments by product type, portability, technology, application, end user and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. They cover market revenue forecast and factors driving the market.
• Chapter 10 describes the competitive analysis along with the heat map analysis for the key players operating in the market.
• Chapter 11 describes the industry landscape analysis. It provides detailed description of business activities such as market initiatives, new developments, mergers, and joint ventures globally, along with a competitive landscape.
• Chapter 12 provides detailed profiles of the major companies operating in the Automotive Glass Fiber Composites market. The companies have been profiled on the basis of their key facts, business descriptions, products and services, financial overview, SWOT analysis, and key developments.
• Chapter 13, i.e., the appendix is inclusive of a brief overview of the company, list of abbreviations, and disclaimer.

Automotive Glass Fiber Composites Market News and Key Development:

The Automotive Glass Fiber Composites market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key developments in the Automotive Glass Fiber Composites market are:

• In March 2024, Finnish composites maker Exel Composites (Vantaa) has landed a deal with Chinese automotive manufacturer Foton Bus and Coach Co. (Beijing) to provide pultruded glass fiber composite profiles. The agreement stipulates that these glass fiber profiles will be produced in China. Their use aims to cut down on maintenance needs and reduce the weight of Foton's vehicles. This is possible thanks to composites' inherent corrosion resistance and lightweight properties.
• In Sep 2024, Austrian plastics maker Borealis launched Borcycle GD3600SY, a new polypropylene (PP) compound reinforced with glass fiber. This material contains 65% post-consumer recycled (PCR) content. This innovative compound is set to debut in automotive interiors through a collaborative project. Borealis is partnering with Plastivaloire, a French thermoplastic injection specialist and Tier 1 automotive supplier, and Stellantis, the global OEM behind 14 car brands.

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