Curated News
By: NewsRamp Editorial Staff
July 23, 2026
Automotive Composites Market to Soar to $37.4B by 2036
TLDR
- Automotive composites market to grow from \$11.7B to \$37.4B by 2036 at 12.3% CAGR, offering early adopters a competitive edge.
- Glass fiber and thermoplastic composites reduce vehicle weight, improve EV range, and enable high-volume manufacturing through automated processes.
- Lightweight composites enhance EV range and reduce emissions, contributing to a cleaner, more sustainable future for transportation.
- Thermoplastic composites enable faster molding and recyclability, marking a shift from traditional thermoset materials in car production.
Impact - Why it Matters
This news matters because the automotive composites market's rapid growth signals a fundamental shift in how vehicles are designed and manufactured. For consumers, this means lighter, more efficient cars with longer electric range and better performance. For the environment, widespread adoption of lightweight composites reduces lifecycle emissions and supports sustainability goals. For businesses, it presents a massive opportunity—and a clear signal to invest in advanced materials and partnerships to stay competitive in the evolving mobility ecosystem.
Summary
The global Automotive Composites Market is set for explosive growth, driven by the automotive industry's massive shift toward electrification and lightweight materials. According to Future Market Insights (FMI), the market is projected to skyrocket from USD 11.7 billion in 2026 to a staggering USD 37.4 billion by 2036, at a robust CAGR of 12.3%. This expansion is fueled by automakers' relentless pursuit of extended driving range, reduced emissions, and compliance with stringent regulations. Composite materials, particularly glass fiber and advanced thermoplastics, are replacing traditional metals in everything from body panels to battery enclosures, offering weight reduction without compromising strength or safety.
Key players like Toray Industries, SGL Carbon, and Teijin are at the forefront, investing heavily in next-generation composite systems and automated manufacturing. The report highlights that glass fiber composites will dominate, capturing 56% of material demand in 2026, while thermoplastic resins are projected to account for 55% of resin demand due to their recyclability and production efficiency. Passenger cars will lead application demand at 65%, with interior components—such as dashboards and seat structures—representing the largest segment. Regionally, the United States is the fastest-growing market at a CAGR of 13.6%, followed by the European Union at 13.2%, as both regions push for carbon neutrality and reshoring of supply chains.
Recent industry moves underscore the market's dynamism: in 2025, Forvia divested its composites unit to ASC Investment, creating the Compositec brand, while AURELIUS acquired Teijin Automotive Technologies North America. Teijin also partnered with Aeronautical Service to develop ceramic matrix composites for EV battery enclosures. Despite challenges like raw material cost volatility and recycling hurdles, the market's trajectory remains upward, with composites becoming a strategic enabler of sustainable mobility. FMI's comprehensive analysis, available through their sample report, provides customized insights for stakeholders navigating this transformative landscape.
Source Statement
This curated news summary relied on content disributed by 24-7 Press Release. Read the original source here, Automotive Composites Market to Soar to $37.4B by 2036
