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Automotive Glass Fiber Composites Market Size, Trends 2031

Automotive Glass Fiber Composites Market

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Segments - by Intermediate Types (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), and Others), Applications (Interior, Exterior, Structural Assembly, Power-train Components, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031

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Akash Vedpathak

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Amulya Agarwal

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Shreyas Tandon

Report Description

Automotive Glass Fiber Composites Market Outlook 2031

The global automotive glass fiber composites market size was USD 8.44 Billion in 2022 and is expected to reach USD 13.67 Billion by 2031 register at a CAGR of over 5.5% during the forecast period, 2023–2031. The growth of the market is attributed to the rising automotive production and increasing demand for durable and lightweight materials.

The automotive glass fiber composites market is expected to create various opportunities in many different automobile applications, such as interiors, exteriors, structural assembly, power-train and engine components, and electrical and electronics. Strategic associations between car manufacturers, glass fibers, and resin suppliers are directing impact the dynamics of the automotive glass giber composites market.

Automotive Glass Fiber Composites Market Drivers, Restraints, Trends, and Opportunities

The stringent government regulations to reduce the carbon emissions is expected to stimulate the market growth.
Growing awareness about its characteristics such as lightweight and high safety associated with the composites is driving the market growth.
Lockdowns imposed in various countries due to the pandemic have negatively impacted the automobile manufacturers, restraining the automotive composites market growth. However, relaxation in stringent regulation is expected to help the market recover soon.
Rapid industrialization in low- and middle-income countries is speculated to positively influence the market growth.

Scope of The Automotive Glass Fiber Composites Market Report

The report on the global automotive glass fiber composites market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Automotive Glass Fiber Composites Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Intermediate Types (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), and Others), Applications (Interior, Exterior, Structural Assembly, Power-train Components, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	3B (Braj Binani Group), Owens Corning, Solvay Group, Veplas Group, SAERTEX GmbH & Co.K G

Automotive Glass Fiber Composites Market Segment Insights

Long fiber thermoplastic (LFT) segment to account a significant market share

Based on intermediate types, the market is segregated into short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), continuous fiber thermoplastic (CFT), and others. The long fiber thermoplastic (LFT) segment is projected to account for a significant market share during the forecast period. Increasing adoption of LFT in the glass fiber composites market for various applications is spurring the segment growth.

Exterior segment to account a considerable market share

On the basis of applications, the market is classified as interior, exterior, structural assembly, power-train components, and others. The exterior segment is projected to account a considerable market share during the forecast period. Exterior applications include bumper beam, fender, front-end module, door panels, and hoods. This is due to the durable nature of glass fibers that ensure long lifecycle and lowers the maintenance cost.

Europe to hold a major market share

In terms of regions, the market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is projected to hold a major market share during the forecast period. The presence of various car manufacturers, such as BMW, Volkswagen, and Groupe PSA is driving the market growth in the region.

Moreover, stringent government regulations regarding greenhouse gas emissions in the Europe-based countries are paving way for OEMs to incorporate light-weight materials to reduce the vehicle weight. Germany is one of the leading automobile manufacturing countries in the world. The country has recovered to a reasonable extent from the economic recession that affected the economic condition of the country adversely.

Germany is home to some of the leading global automobile manufacturers, such as Volkswagen AG, Daimler AG, BMW, Ford GmbH, and Opel. More than 5.1 million automobiles are annually manufactured in Germany. Increasing production of passenger vehicles and SUVs has resulted in the demand for fiberglass for the automotive components.

Segments

The global automotive glass fiber composites market has been segmented on the basis of

Type

Short Fiber Thermoplastic (SFT)
Long Fiber Thermoplastic (LFT)
Continuous Fiber Thermoplastic (CFT)
Others

Applications

Interior
Exterior
Structural Assembly
Power-train Components
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key players

3B (Braj Binani Group)
Owens Corning
Solvay Group
Veplas Group
SAERTEX GmbH & Co.K G

Competitive Landscape

Some of the major companies in the glass fiber composites market include Solvay Group, 3B (Braj Binani Group), Owens Corning, Veplas Group, and SAERTEX GmbH & Co.KG. The market is also characterized by the presence of much smaller players especially in the Asia Pacific, region who deal with aftermarket products.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Glass Fiber Composites Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Glass Fiber Composites Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Glass Fiber Composites Market - Supply Chain
  4.5. Global Automotive Glass Fiber Composites Market Forecast
     4.5.1. Automotive Glass Fiber Composites Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Glass Fiber Composites Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Automotive Glass Fiber Composites Market Absolute $ Opportunity
5. Global Automotive Glass Fiber Composites Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Automotive Glass Fiber Composites Market Size and Volume Forecast by Types
     5.3.1. Short Fiber Thermoplastic (SFT)
     5.3.2. Long Fiber Thermoplastic (LFT)
     5.3.3. Continuous Fiber Thermoplastic (CFT)
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Glass Fiber Composites Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automotive Glass Fiber Composites Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
7. North America Automotive Glass Fiber Composites Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automotive Glass Fiber Composites Market Size and Volume Forecast by Types
     7.4.1. Short Fiber Thermoplastic (SFT)
     7.4.2. Long Fiber Thermoplastic (LFT)
     7.4.3. Continuous Fiber Thermoplastic (CFT)
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
8. Latin America Automotive Glass Fiber Composites Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automotive Glass Fiber Composites Market Size and Volume Forecast by Types
     8.4.1. Short Fiber Thermoplastic (SFT)
     8.4.2. Long Fiber Thermoplastic (LFT)
     8.4.3. Continuous Fiber Thermoplastic (CFT)
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
9. Europe Automotive Glass Fiber Composites Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automotive Glass Fiber Composites Market Size and Volume Forecast by Types
     9.4.1. Short Fiber Thermoplastic (SFT)
     9.4.2. Long Fiber Thermoplastic (LFT)
     9.4.3. Continuous Fiber Thermoplastic (CFT)
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
10. Asia Pacific Automotive Glass Fiber Composites Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automotive Glass Fiber Composites Market Size and Volume Forecast by Types
     10.4.1. Short Fiber Thermoplastic (SFT)
     10.4.2. Long Fiber Thermoplastic (LFT)
     10.4.3. Continuous Fiber Thermoplastic (CFT)
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Glass Fiber Composites Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automotive Glass Fiber Composites Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automotive Glass Fiber Composites Market Size and Volume Forecast by Types
     11.4.1. Short Fiber Thermoplastic (SFT)
     11.4.2. Long Fiber Thermoplastic (LFT)
     11.4.3. Continuous Fiber Thermoplastic (CFT)
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automotive Glass Fiber Composites Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automotive Glass Fiber Composites Market: Market Share Analysis
  12.2. Automotive Glass Fiber Composites Distributors and Customers
  12.3. Automotive Glass Fiber Composites Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. 3B (Braj Binani Group)
     12.4.2. Owens Corning
     12.4.3. Solvay Group
     12.4.4. Veplas Group
     12.4.5. SAERTEX GmbH & Co.K G

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