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Glass Fiber in the Global Automotive Composites Market Trends and Forecast

The future of glass fiber in the global automotive composites market looks promising with opportunities in the exterior, interior, power train system/engine components, under body system, and electrical & electronics applications. The glass fiber intermediate material in the global automotive market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 2.4% 2023 to 2030.  The major growth drivers for this market are increasing automotive production and growing demand for lightweight and durable materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions.
  • Lucintel forecasts that powertrain system/ engine components will remain the largest application by value and volume due to growing demand for lightweight composite parts. Underbody system is expected to witness highest growth over the forecast period.
  • Short fiber thermoplastic (SFT) material of glass fiber in the global automotive composites will remain the largest segment over the forecast period due to its growing demand for lightweight composite parts.
  • APAC/ROW is expected to remain the largest market and is also expected to witness the highest growth over the forecast period due to higher penetration of composites in automotive than other region.
 Glass Fiber in the Global Automotive Composites Market by Application, and Intermediate Material
 

APAC/ROW is expected to remain the largest market in Glass Fiber in the Global Automotive Composites Market

  1. United States: Automakers like Ford and General Motors are increasing the use of glass fiber composites to reduce vehicle weight and improve fuel efficiency. Government initiatives, such as the Corporate Average Fuel Economy (CAFE) standards, drive demand for lightweight materials.
  2. Germany: German automotive companies including BMW and Volkswagen are incorporating glass fiber composites into their vehicle designs for enhanced performance and sustainability. Government support for research and development in automotive materials encourages innovation in the market.
  3. China: Chinese automakers like BYD and Geely are adopting glass fiber composites to meet emission standards and improve vehicle safety. Government policies promoting electric vehicles and lightweight materials drive market growth. 
  4. Japan: Japanese car manufacturers such as Toyota and Honda are utilizing glass fiber composites to enhance vehicle strength and reduce environmental impact. Government incentives for eco-friendly vehicles and advanced materials contribute to market expansion. 
  5. South Korea: Companies like Hyundai and Kia are incorporating glass fiber composites into their automotive designs to improve fuel efficiency and meet global emission regulations. Government support for automotive innovation and environmental initiatives accelerates market development. 

Emerging Trends in the Glass Fiber in the Global Automotive Composites Market

Emerging trends, which have a direct impact on the dynamics of the industry, include development of high performance glass fiber.
A total of 182 figures / charts and 103 tables are provided in this 165-page report to help in your business decisions. A sample figure with insights is shown below. 
Glass Fiber in the Global Automotive Composites Market by Segments
 

Glass Fiber in the Global Automotive Composites Market by Segment

The study includes a forecast for the glass fiber in the global automotive composites market by application, intermediate material, and region as follows:

By Application [Value ($M) and Volume (M lbs) shipment analysis for 2018 – 2030]:

  • Interior
  • Exterior
  • Powertrain System/Engine Components
  • Under the Body
  • Electrical & Electronics
  • Others

By Intermediate Material [Value ($M) and Volume (M lbs) shipment analysis for 2018 – 2030]:

By Region [Value ($M) and Volume (M lbs) shipment analysis for 2018 – 2030]:

  • North America
  • Europe
  • Asia Pacific / Rest of the World

List of Glass Fiber in the Global Automotive Composites Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies glass fiber in the global automotive composites companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the glass fiber in the global automotive composites companies profiled in this report includes.

Recent Developments in Glass Fiber in the Global Automotive Composites Market

  1. Increased Adoption of Glass Fiber Composites in Electric Vehicles: With the rise of electric vehicles (EVs), there's a growing demand for lightweight materials to improve energy efficiency and extend driving range. Glass fiber composites are increasingly being used in EV components such as battery enclosures, structural parts, and interior panels to reduce weight and enhance performance. This trend is driving the growth of the glass fiber in the automotive composites market.
  2. Development of High-Performance Glass Fiber Composites: Manufacturers are investing in research and development to create high-performance glass fiber composites with improved strength, stiffness, and durability for automotive applications. Advanced manufacturing techniques such as automated fiber placement (AFP) and resin transfer molding (RTM) are enabling the production of complex-shaped components with enhanced mechanical properties.
  3. Integration of Glass Fiber Composites in Lightweighting Strategies: Automotive OEMs are increasingly incorporating glass fiber composites into their lightweighting strategies to meet fuel efficiency standards and emissions regulations. By replacing traditional metal components with lightweight composites, vehicle manufacturers can achieve significant weight savings without compromising structural integrity or safety.
  4. Growing Demand for Recyclable Glass Fiber Composites: Sustainability concerns are driving the demand for recyclable materials in the automotive industry. Glass fiber composites offer the advantage of recyclability, making them an attractive choice for automotive manufacturers looking to reduce their environmental footprint and meet sustainability goals. Companies like Owens Corning are developing recyclable glass fiber reinforcements for automotive applications.
  5. Collaboration Between Automotive OEMs and Glass Fiber Suppliers: Automotive OEMs are partnering with glass fiber suppliers to co-develop innovative composite solutions tailored to the specific requirements of vehicle platforms. Collaborative efforts focus on optimizing material performance, reducing manufacturing costs, and accelerating the adoption of glass fiber composites in mass-produced vehicles. 
  6. Market Expansion in Emerging Regions: The glass fiber in the automotive composites market is witnessing significant growth in emerging regions such as Asia-Pacific and Latin America, driven by the rapid expansion of the automotive industry and increasing investments in lightweighting technologies. Local glass fiber manufacturers are ramping up production capacity to meet the growing demand from automotive OEMs in these regions.

Features of Glass Fiber in the Global Automotive Composites Market

  • Market Size Estimates: Glass fiber in the global automotive composites market size estimation in terms of value ($M) and Volume (M lbs)
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Market size by application, intermediate material and region
  • Regional Analysis: Glass fiber in the global automotive composites market breakdown by North America, Europe, Asia Pacific / Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different application, intermediate material, and regions for the glass fiber in the global automotive composites market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the glass fiber in the global automotive market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the glass fiber in the global automotive composites market size?
Answer: The glass fiber in the global automotive composites market is expected to reach an estimated 
$2.5 billion by 2030.          
Q2. What is the growth forecast for glass fiber in the global automotive composites market?
Answer: The glass fiber in the global automotive composites market is expected to grow at a CAGR of 2.4% from 2023 to 2030.    
Q3. What are the major drivers influencing the growth of the glass fiber in the global automotive composites market?
Answer: The major growth drivers for this market are increasing automotive production and growing demand for lightweight and durable materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions.
Q4. What are the major applications or end use for glass fiber in the global automotive composites?
Answer: Power train system and interior segments are the major applications for glass fiber in the global automotive composites.      
Q5. What are the emerging trends in glass fiber in the global automotive composites market?
Answer: Emerging trend, which have a direct impact on the dynamics of the glass fiber in the global automotive composites market, include development of high performance glass fiber.
Q6. Who are the key glass fibers in the global automotive composites companies?
Answer: Some of the key glass fiber in the global automotive composites companies is as follows:
  • Owens Corning
  • Jushi Group Co., Ltd.
  • Johns Manville Corporation
  • Chongqing Polycomp International Corporation
  • Taishan Fiberglass Inc.
  • 3B the Fiber Glass Company ( Goa Glass Fiber)
  • Nitto Boseki Co. Ltd
  • Nippon Electric Glass Co. Ltd.
  • Lanxess
Q7.Which glass fiber in the global automotive composites product segment will be the largest in future?
Answer: Lucintel forecasts that SFT is expected to remain the largest market by value and volume, mainly driven by applications such as small complex shaped components in power train system/engine components applications.
Q8: In glass fiber in the global automotive composites market, which region is expected to be the largest in next 5 years?
Answer: APAC/ROW is expected to remain the largest region over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising potential, high growth opportunities for the glass fiber in the global automotive composites market by application (interior, exterior, powertrain system/engine components, under the body, electrical and electronics, and others), intermediate material (SMC/BMC, LFT, SFT, CFT, phenolic molding compound, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats to the market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M & A activities have taken place in the last 5 years in this market?

For any questions related to automotive glass fiber, glass fiber in automotive composite market, automotive composites market, composites in automotive market, glass fiber in automotive composites market suppliers market or related to automotive glass fiber, glass fiber in automotive composite market, automotive composites market, composites in automotive market, glass fiber in automotive composites market suppliers, write Lucintel analyst at email:
helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Glass Fiber in the Global Automotive Composites Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecasts
3.2: Glass Fiber in the Global Automotive Composites Market Trends and Forecast
3.3 Glass Fiber in the Global Automotive Composites Market by Application 
3.3.1: Exterior
3.3.2: Interior
3.3.3: Power Train System
3.3.4: Under Body System
3.3.5: Electrical and Electronics
3.3.6: Others
3.4: Glass Fiber in the Global Automotive Composites Market by Intermediate Material 
3.4.1: SMC/BMC
3.4.2: GMT
3.4.3: LFT
3.4.4: SFT
3.4.5: CFT
3.4.6: Phenolic Molding Compound
3.4.7: Others
 
4. Market Trends and Forecast Analysis by Region 
4.1: Glass Fiber in the Global Automotive Composites Market by Region
4.2: North American Glass Fiber in the Global Automotive Composites Market
4.2.1: Market by Application: Interior, Exterior, Powertrain System/Engine Components and Others
4.2.2: Market by Intermediate Material: SMC/B,C, GMT, LFT, SFT, CFT, Phenolic Molding Compound, and Others
4.3: European Glass Fiber in the Global Automotive Composites Market
4.3.1: Market by Application: Interior, Exterior, Powertrain System/Engine Components and Others
4.3.2: Market by Intermediate Material: SMC/B,C, GMT, LFT, SFT, CFT, Phenolic Molding Compound, and Others
4.4: APAC & ROW Glass Fiber in the Global Automotive Composites Market
4.4.1: Market by Application: Interior, Exterior, Powertrain System/Engine Components and Others
4.4.2: Market by Intermediate Material: SMC/B,C, GMT, LFT, SFT, CFT, Phenolic Molding Compound, and Others
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Glass Fiber in the Global Automotive Composites Market by Application
6.1.2: Growth Opportunities for the Glass Fiber in the Global Automotive Composites Market by Intermediate Material
6.1.3: Growth Opportunities for the Glass Fiber in the Global Automotive Composites Market by Region
6.2: Emerging Trends in the Glass Fiber in the Global Automotive Composites Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers and Acquisitions
6.3.3: Capacity Expansions
 
7. Company Profiles of Leading Players
7.1: Owens Corning
7.2: Jushi Group Co., Ltd
7.3: John’s Manville
7.4: Chongqing Polycomp International Corporation
7.5: Taishan Fiberglass Inc.,
7.6: 3B-The Fibreglass Company (Goa Glass Fiber)
7.7: Nitto Boseki Co., Ltd
7.8: Nippon Electric Glass Co., Ltd.
7.9: LANXESS
 
.

Buy full report or by chapter as follows

Price by License Type:
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[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Glass Fiber in the Global Automotive Composites Market: Trends, Opportunities and Competitive Analysis [2024-2030] Full Report $ 4,850
182 figures/charts and 103 tables are provided in this 165 - page report
Chapter - 1: Executive Summary 5 $ 435
1.  Executive Summary.
Chapter - 2: Glass Fiber in the Global Automotive Market: Market Dynamics 33 $ 218
2. Glass Fiber in the Global Automotive Market: Market Dynamics.
2.1  Introduction, Background, and Classifications.
2.2  Supply Chain.
2.3  Industry Drivers and Challenges.
Chapter - 3: Market Trends and Forecast Analysis from 2011 to 2022 115 $ 1,740
3.    Market Trends and Forecast Analysis from 2011 to 2022.
3.1       Glass Fiber in the Global Automotive Composites Market by Value and Volume.
3.1.1   Glass Fiber in the Global Automotive Composites Market by Application.
3.1.2   Glass Fiber in the Global Automotive Composites Market by Intermediate Material
3.1.3   Glass Fiber in the Global Automotive Composites Market by Region.
3.1.4   Glass Fiber in the Global Automotive Composites Market by Product
3.2       Market Trends 2011-2016.
3.2.1    Macroeconomic Trends.
3.2.2 Trends of Glass Fiber in the Global Automotive Composites Market by Value and Volume
3.2.2.1     Market by Application.
3.2.2.2     Market by Intermediate Material
3.2.2.3     Market by Product
3.2.3 Trends of Glass Fiber in the North American Automotive Composites Market by Value and Volume 
3.2.3.1     Market by Application.
3.2.3.2     Market by Intermediate Material
3.2.3.3     Market by Product
3.2.4 Trends of Glass Fiber in the European Automotive Composites Market by Value and Volume 
3.2.4.1     Market by Application.
3.2.4.2     Market by Intermediate Material
3.2.4.3     Market by Product
3.2.5 Trends of Glass Fiber in the APAC Automotive Composites Market by Value and Volume
3.2.5.1     Market by Application.
3.2.5.2     Market by Intermediate Material
3.2.5.3     Market by Product
 
3.3       Market Forecast from 2017 to 2022.
3.3.1    Macroeconomic Forecast
3.3.2 Forecast for Glass Fiber in the Global Automotive Composites Market Forecast
3.3.2.1     Market by Application.
3.3.2.2     Market by Intermediate Material
3.3.2.3     Market by Product
3.3.3    Forecast for the Glass Fiber in the North American Automotive Composites Market by Value and Volume 
3.3.3.1     Market Forecast by Application.
3.3.3.2     Market by Intermediate Material
3.3.3.3     Market Forecast by Product
3.3.4    Forecast for the Glass Fiber in the European Automotive Composites Market by Value and Volume 
3.3.4.1     Market Forecast by Application.
3.3.4.2     Market Forecast by Intermediate Material
3.3.4.3     Market Forecast by Product
3.3.5    Forecast for the Glass Fiber in the APAC Automotive Composites Market by Value and Volume
3.3.5.1     Market Forecast by Application.
3.3.5.2     Market by Intermediate Material
3.3.5.3     Market by Product
3.3.6    Forecast for the Glass Fiber in the ROW Automotive Composites Market by Value and Volume
3.3.6.1     Market Forecast by Application.
3.3.4=.2     Market by Intermediate Material
3.3.3.1     Market by Product
Chapter - 4: Regional Analysis 6 $ 2,248
4. Regional Analysis.
4.1  Glass Fiber in the Global Automotive Composites Consumption by Country.
4.1.1 Shipment in North American Countries.
4.1.2  Shipment in European Countries.
4.1.3  Shipment in APAC Countries.
Chapter - 5: Competitor Analysis 9 $ 725
5. Competitor Analysis.
5.1  Product Portfolio Analysis.
5.2  Market Share Analysis.
5.3  Operational Integration.
5.4   Geographical Reach.
5.5   Porter’s Five Forces Analysis.
Chapter - 6: Growth Opportunities and Strategic Analysis 15 $ 508
6. Growth Opportunities and Strategic Analysis.
6.1  Growth Opportunity Analysis.
6.1.1 Growth Opportunities for Glass Fiber in the Global Automotive Composites Market by Application 
6.1.2  Growth Opportunities for Glass Fiber in the Global Automotive Composites Market by Intermediate Material
6.1.3  Growth Opportunities for Glass Fiber in the Global Automotive Composites Market by Regional
6.2   Emerging Trends in the Glass Fiber Global Automotive Industry.
6.3   Strategic Analysis.
6.3.1  New Product Development
6.3.2  Capacity Expansion in the Glass Fiber in the Global Automotive Composites Market
6.3.3  Certification and Licensing.
6.3.4   Mergers, Acquisitions and Joint Ventures for Glass Fiber in the Global Automotive Industry 
Chapter - 7: Company Profiles of Leading Players 11 $ 870

7. Company Profiles of Leading Players
 
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.