United States Automotive Composites Market Report and Forecast 2025-2034

United States Automotive Composites Market Outlook

The United States automotive composites market size reached is projected to grow at a CAGR of 6.2% between 2024 and 2032.The major drivers of the market include increasing adoption of electric vehicles and growing requirement for lightweight vehicles.

Key Trends in the Market

Automotive composites are composed of high-performance fibres and are used in cars and trucks, among other vehicles. They are used for reducing vehicle weight and cutting down on carbon dioxide emissions. Automotive composites are also preferred by various automotive manufacturers as they support shape retention and have a low coefficient of thermal expansion.

• The rising requirement for lightweight vehicles due to rising environmental concerns is boosting the United States automotive composites market growth. A lightweight vehicle requires low amounts of fuel as it needs to overcome less inertia, significantly reducing carbon dioxide emissions and fuel consumption.

• The rising adoption of carbon automotive composites in the production of high functioning sports cars is supporting the market expansion across the United States. The lightweight nature of carbon composites provides more power while ensuring that the vehicle is able to withstand the stress of high-speed races.

• The growing adoption of electric vehicles in the United States owing to the presence of a well-established charging infrastructure and low operational costs of the vehicles is propelling the requirement for carbon fibre.

United States Automotive Composites Market Analysis

On the basis of production process, the market is divided into injection moulding process, compression moulding process, and resin transfer moulding process, among others. Based on material type, the market is classified into thermoset polymer, thermoplastic polymer, glass fibre, and carbon fibre, among others.

On the basis of vehicle type, the market is bifurcated into electric (EV) and non-electric vehicles. Based on application, the market is categorised into exterior components, interior components, and structural and powertrain components, among others. On the basis of region, the United States automotive composites market segmentation includes New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Mitsubishi Chemical Group Corp. 

• SGL Carbon SE 

• Toray Industries Inc. 

• Owens Corning 

• Solvay S.A. 

• Teijin Limited 

• Hexcel Corporation 

• BASF SE 

• Sigmatex 

• Huntsman International LLC 

• Others

Market Share by Material Type

Glass Fibre is anticipated to account for a significant United States automotive composites market share. The increased preference for the product by various automotive manufacturers can be attributed to the several advantages associated with the utilisation of glass fibres including durability, cost effectiveness, heat and moisture resistance, and flexibility, among others. The rising adoption of glass fibres can also be attributed to their low weight nature. The demand for light weight materials in automotive manufacturing is increasing to enhance fuel efficiency, supporting the segment expansion.

Market Share by Application

The usage of automotive composites for external applications are witnessing a significant increase in the United States. Automotive composites are preferred for various external applications including heat shielding components and headlights, among others as they allow the perfect blend of functionality and design and provide protection against convective, radiant, and conductive heat. The high flame resistance and durability offered by the product is further boosting the United States automotive composites market demand.

Competitive Landscape

Mitsubishi Chemical Group Corp. is a chemical manufacturing company that provides speciality materials and innovative solutions for ensuring the well-being of the planet and the people. The company has deep expertise in material science.

SGL Carbon SE is a chemical manufacturing company that was founded in 1992 and is headquartered in Hessen, Germany. The company specialises in graphite-based products and solutions, automotive composites, and semiconductors among others.

Toray Industries Inc. is a chemical manufacturing company that is headquartered in Chuo-ku, Tokyo and specialises in automotive composites, fibres and textiles, carbon fibre composite materials, and environment related machinery, among others.

Other United States automotive composites market key players include Owens Corning, Solvay S.A., Teijin Limited, Hexcel Corporation, BASF SE, Sigmatex, and Huntsman International LLC, among others.

Key Highlights of the Report