Asia Pacific Automotive Composites Market Analysis by Opportunities, Size, Share, Growth Factors (2025-2031)

The Asia Pacific Automotive Composites Market size is expected to reach US$ 16.62 billion by 2031 from US$ 7.30 billion in 2024. The market is estimated to record a CAGR of 10.8% from 2025 to 2031.

Executive Summary and Asia Pacific Automotive Composites Market Analysis

The Asia Pacific automotive composites market is currently exhibiting robust growth, primarily driven by the region's substantial automotive production capabilities and the increasing requirement for lightweight, durable, and fuel-efficient vehicles. As a key region in the global automotive landscape, Asia Pacific hosts major automotive corporations like Toyota, Honda, Hyundai, and Tata Motors. The rising demand for composites in this region is stimulated by the necessity to reduce vehicle weight, enhance fuel efficiency, and adhere to progressively stringent environmental regulations, notably in nations such as China, India, Japan, and South Korea. Fastener World Inc. data reveals a considerable growth in Asia Pacific's production volume, from over 46 million units in 2021 to over 50 million in 2022 and surpassing 55 million in 2023. The
region's car market is experiencing rapid growth, supported by an expanding middle class and rising disposable incomes, solidifying its position as the largest regional base for automobile production and the largest consumer market for vehicles.

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Market Outlook

Growth in the Asia Pacific automotive composites sector is being driven by the escalating demand for electric (EVs) and hybrid vehicles. Given that these vehicles necessitate lighter components to offset the weight of significant batteries, automotive producers are increasingly employing composites to decrease the
overall vehicle weight. Composites, such as carbon fiber, glass fiber, and thermoplastic polymers, offer a superior strength-to-weight ratio, making them highly suitable for diverse applications within electric vehicle bodies, interiors, and powertrains. The continued expansion of the EV market, particularly in China, is anticipated to further fuel demand for composite materials throughout the forecast period as manufacturers aim to enhance vehicle range and performance while minimizing their environmental impact. The automotive sector is rapidly developing in emerging economies across Asia Pacific, including India and Southeast Asia, as local manufacturers strive to meet the increasing need for affordable, fuel-efficient, and environmentally
responsible vehicles.

Asia Pacific Automotive Composites Market Segmentation

Asia Pacific Automotive Composites Market: By Fiber Type

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Glass Fiber Composites

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Carbon Fiber Composites

Asia Pacific Automotive Composites Market: By Resin Type

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Thermoset

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Thermoplastics

Asia Pacific Automotive Composites Market: By Technology 

Pultrusion

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Injection Molding

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Compression Molding

Asia Pacific Automotive Composites Market: By Vehicle Type

Passenger Cars

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Commercial Vehicles

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Two Wheelers

Asia Pacific Automotive Composites Market: Regions and Countries Covered    

        
Asia Pacific

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China

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India

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Japan

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Australia

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Rest of Asia-Pacific

Asia Pacific 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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