ASEAN Automotive Composites Market Key Companies Profile, Supply, Demand and SWOT Analysis (2025-2031)

The ASEAN Automotive Composites Market size is expected to reach US$ 1,037.37 million by 2031 from US$ 542.60 million in 2024. The market is estimated to record a CAGR of 8.4% from 2025 to 2031.

Executive Summary and ASEAN Automotive Composites Market Analysis

Significant
growth is evident within the ASEAN automotive composites sector, propelled by heightened demand for vehicles that are light, fuel-efficient, and sustainable. Fundamental to the fabrication of automotive parts, composites—materials comprising two or more distinct elements—offer the advantage of weight reduction without sacrificing structural integrity and durability. With a growing emphasis from governments and automotive producers on sustainability and ecological responsibility, composites represent a critical pathway to achieving these objectives. The ongoing shift towards electric vehicles (EVs) and the enforcement of stricter fuel efficiency standards are amplifying the necessity for lighter materials, thus increasing the demand for automotive composites.

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Market Outlook

The ASEAN market for automotive composites is benefiting from increased investment in innovation and development. Progress in composite manufacturing methods, such as resin transfer molding and compression molding, is enhancing production efficiency and lowering operational costs, making composites more accessible for a broader spectrum of automotive applications. Moreover, the automotive industry's increasing commitment to sustainability is promoting the development of environmentally friendly composite materials derived from biological sources and capable of being recycled. As the region continues to mature as a pivotal player in the global automotive industry, the ASEAN automotive composites market is expected to experience consistent growth, fueled by technological progress, environmental imperatives, and evolving consumer preferences. Thailand, Indonesia, and Malaysia have firmly established themselves as major
automotive manufacturing hubs, hosting production facilities for numerous international vehicle manufacturers. These nations are adopting advanced materials technologies, including carbon fiber, glass fiber, and natural fiber-based composites, to improve vehicle performance and efficiency. Consumers are increasingly showing a preference for high-quality and performance-oriented vehicles, which often feature advanced composite materials. The growing adoption of composites is also supported by their benefits in terms of corrosion resistance, design adaptability, and long-term economic advantages, positioning them as a preferred choice for both Original Equipment Manufacturers (OEMs) and aftermarket suppliers.

ASEAN Automotive Composites Market Segmentation

ASEAN Automotive Composites Market: By Fiber Type

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Glass Fiber Composites

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Carbon Fiber Composites

ASEAN Automotive Composites Market: By Resin Type

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Thermoset

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Thermoplastics

ASEAN Automotive Composites Market: By Technology

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Pultrusion

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Injection Molding

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Compression Molding

ASEAN Automotive Composites Market: By Vehicle Type

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Passenger Cars

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Commercial Vehicles

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Two Wheelers

ASEAN Automotive Composites Market: Regions and Countries Covered

      
ASEAN

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Indonesia

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Malaysia

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Philippines

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Singapore

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Thailand

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Vietnam

ASEAN Automotive Composites Market: Market leaders and key company profiles       

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Gurit Holdings AG

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Hexcel Corp

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Mitsubhishi Chemical Group

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SGL Carbon SE

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Solvay SA

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Teijin Ltd

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DuPont de Numours Inc

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Toray Industries

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Atlas Fibre

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Elaghmore Advisor LLP

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