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The Australia automotive glass fibre composites market size was valued at USD 158.15 million in 2023. The market is further projected to grow at a CAGR of 3.70% between 2024 and 2032, reaching a value of USD 221.2 million by 2032.
According to Australia glass fibre composites market analysis, the increasing demand for lightweight vehicles with improved performance is driving the adoption of glass fibre composites in the automotive industry. Moreover, the strict emission regulations and the need for fuel-efficient vehicles are driving the adoption of lightweight materials like glass fibre composites, which contribute to lower emissions.
The increasing production, demand, and sales of electric vehicles (EVs) is also contributing to the Australia glass fibre composites market growth as these materials are used in the production of EV batteries and other components. In 2023, a total of 87,217 electric vehicles were sold, representing 7.2% of the market.
Glass fibre composites are used in various interior automotive applications, such as door panels, dashboards, and seat structures. These composites are also used in exterior applications, such as body panels, hoods, and spoilers, to improve aerodynamics and reduce weight. Glass fibre composites are used in power-train components, such as engine and transmission components, to reduce weight and improve performance. Glass fibre composites are used in structural assembly applications, such as chassis and frame components, to improve strength and durability while reducing weight.
Australia Automotive Glass Fibre Composites Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Region
Market players are focused on manufacturing glass fibre composites for the automotive industry to facilitate efficient production of EVs and other vehicles.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 158.15 million.
The market is expected to grow at a CAGR of 3.70% between 2024 and 2032.
The automotive glass fibre composites market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 221.2 million by 2032.
The market is being driven due to growing demand for light weight vehicles, increasing preference for fuel-efficient automobiles, and diverse applications of glass fibre composites.
Key trends aiding the market expansion are favourable government regulations, rising production of electric vehicles (EVs), and emergence of eco-friendly fibre composite materials.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of automotive glass fibre composites are interior, exterior, power-train components, and structural assembly.
Based on type, the market segmentations include short fibre thermoplastic, long fibre thermoplastic, and continuous fibre thermoplastic, among others.
Key players in the market are ATL Composites, Australian Fibreglass Composites Pty.Ltd., Topstage Composites Pty Ltd., Composite Materials Engineering Pty Ltd., and Craft Fibreglass Composites, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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