North America Automotive Composites Market Industry Development Challenges, Opportunities, Entry Strategies, Key Manufacturers Analysis (2025-2031)
The North America Automotive Composites Market size is expected to reach US$ 4.21 billion by 2031 from US$ 2.05 billion in 2024. The market is estimated to record a CAGR of 9.4% from 2025 to 2031.
Executive Summary and North America Automotive Composites Market Analysis
Automotive composites are extensively incorporated into automobiles’ interior, exterior, and under-the-hood sections to enhance both efficiency and performance. Passenger vehicles are a prevalent mode of transport in the region, and their adoption is growing with increasing per capita income. The production of vehicles is steadily climbing, driven by escalating consumer demand and technological advancements in the automotive industry. According to data from the Automotive Trade Manual in 2023, 19.18 million vehicles were sold in North America. The American Automotive Policy Council anticipates that car sales will exceed 17.7 million vehicles annually by 2025.
Download our Sample PDF Report
@https://www.businessmarketinsights.com/sample/BMIRE00031217
North America Automotive Composites Market Segmentation Analysis
The automotive composites market analysis is built upon an examination of key segments: product type, resin type, technology, vehicle type, and application.
Based on product type, the automotive composites market is segmented into glass fiber composites, carbon fiber composites, and other composite materials. The glass fiber composites segment was dominant in 2023.
By resin type, the automotive composites market is bifurcated into thermoset resins (e.g., polyester, epoxy, vinyl ester, polyurethane, and other formulations) and thermoplastics (e.g., polyethylene, polypropylene, polycarbonate, polymethyl methacrylate, and various others). The thermoplastics segment held the largest market share in 2023.
On the basis of technology, the automotive composites market includes pultrusion, injection molding, compression molding, and other production methods. Injection molding was the primary technology in 2023.
In terms of vehicle type, the market is segmented into passenger cars, commercial vehicles, and two-wheelers and other vehicle types. Passenger cars commanded the largest share of the market in 2023.
Based on application, the automotive composites market is segmented into structural assembly, powertrain components, interior applications, and exterior applications. The interior segment was the market leader in 2023.
North America Automotive Composites Market Segmentation
North America Automotive Composites Market By Fiber Type
- Glass Fiber Composites
- Carbon Fiber Composites
North America Automotive Composites Market By Resin Type
- Thermoset
- Thermoplastics
North America Automotive Composites Market By Technology
- Pultrusion
- Injection Molding
- Compression Molding
North America Automotive Composites Market By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
North America Automotive Composites Market Regions and Countries Covered
North America
- US
- Canada
- Mexico
North America Automotive Composites Market Market leaders and key company profiles
- Gurit Holdings AG
- Hexcel Corp
- Mitsubhishi Chemical Group
- SGL Carbon SE
- Solvay SA
- Teijin Ltd
- DuPont de Numours Inc
- Toray Industries
- Atlas Fibre
- Elaghmore Advisor LLP
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications