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Automotive Composites Companies

ID: MRFR/CnM/9259-HCR
100 Pages
Anshula Mandaokar
October 2025

Automotive composites companies specialize in manufacturing advanced materials for vehicle components, employing composite technologies to enhance performance and reduce weight. These innovative firms play a crucial role in the automotive industry, providing lightweight, durable, and fuel-efficient solutions. Their expertise contributes to the development of environmentally friendly and high-performance vehicles.

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Automotive Composites Market Research Report—Global Forecast till 2035 Infographic
Summary Table of Contents Segmentation Download PDF

Top Industry Leaders in the Automotive Composites Market

Automotive Composites Key CompaniesThe automotive composites market is a dynamic arena where innovation dances with fierce competition. Understanding the strategies, players, and recent developments in this space is crucial for anyone navigating its potential.


Market Share Factors:




  • Product type: Carbon fiber dominates the high-performance segment, while glass fiber reigns supreme in mass-market applications due to its cost-effectiveness. Thermoplastic composites are gaining traction for their recyclability and faster processing times.


  • Application: Interiors, exteriors, and under-the-hood components all offer growth opportunities. Battery enclosures for electric vehicles are a particularly hot segment, driven by weight reduction demands.


  • Regional presence: Asia-Pacific leads the market, followed by Europe and North America. China, with its booming EV industry, is a major driver.


  • Manufacturing capabilities: Advanced technologies like RTM (Resin Transfer Molding) and automated fiber placement are key differentiators, offering faster production and improved quality.


  • Sustainability: Eco-friendly solutions like bio-based resins and recycling initiatives are gaining importance, attracting environmentally conscious consumers and investors.


Strategies Adopted by Leading Players:




  • Mergers and acquisitions: Consolidation is a key trend, with established players like Solvay and Hexcel acquiring smaller companies to expand their product portfolios and geographical reach.


  • Vertical integration: Integrating raw material production and recycling capabilities allows for cost control and secure supply chains.


  • Collaborative partnerships: Collaborations with automakers, research institutions, and material suppliers foster innovation and accelerate technology adoption.


  • Focus on R&D: Continuous development of new materials, processes, and applications is crucial for staying ahead of the curve.


  • Customer-centric approach: Tailoring solutions to specific needs of different car segments and regions is essential for market penetration.


Key Players



  • TORAY INDUSTRIES INC. (Japan)

  • SGL Carbon SE (Germany)

  • TEIJIN LIMITED (Japan)

  • Mitsubishi Chemical Holding Corporation (Japan)

  • Hexcel Corporation (US)

  • Magna International Inc. (Canada)

  • PLASAN CARBON COMPOSITES (US)

  • Solvay (Belgium)

  • GURIT (Switzerland)

  • UFP Technologies Inc. (US)

  • Huntsman International LLC (US)

  • Hexion Inc. (US)


Recent Developments :


February 2023: The US Department of Energy announces funding for research on bio-based composites, underscoring the increasing focus on sustainable materials.


March 2023: A consortium of European automakers and composite suppliers launches a pilot project to develop and test recyclable composite materials for vehicle interiors.


April 2023: A major breakthrough in recycling carbon fiber composites is announced, potentially addressing a major barrier to wider adoption.


May 2023: The International Composites Conference attracts record attendance, highlighting the growing interest in this dynamic market.