The Africa Automotive Composites Market size is expected to reach US$ 152.22 million by 2031 from US$ 78.79 million in 2024. The market is estimated to record a CAGR of 10.2% from 2025 to 2031.
Executive Summary and Africa Automotive Composites Market Analysis
Africa’s automotive composites market is thriving, propelled by the growing need for lighter, more durable, and fuel-efficient vehicles. You’re seeing more and more composites like fiberglass, carbon fiber, and natural fiber materials integrated into vehicle manufacturing across the region. This adoption is a direct result of automakers’ push to meet global sustainability standards, especially with the rapid growth of electric vehicles (EVs) and the widespread effort to reduce carbon footprints. Composites are key to cutting vehicle weight, which significantly boosts energy efficiency. Expect this trend to intensify as African governments and businesses increasingly embrace eco-conscious policies.
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Africa Automotive Composites Market Outlook
The number of automotive manufacturers setting up shop in key African markets, such as South Africa, Nigeria, Egypt, and Morocco, is definitely on the rise. South Africa, being a major automotive hub, has successfully attracted international automakers and ramped up local production, directly leading to increased demand for high-performance materials like composites. What’s more, as the middle class grows and consumers seek out affordable yet high-quality vehicles, automakers are turning to composites to improve both performance and aesthetics. Natural fibers, sourced right from local agriculture (think hemp, jute, sisal), offer a sustainable and cost-effective alternative to synthetic composites. This not only supports an environmentally friendly automotive industry but also opens up economic opportunities for local agricultural sectors. The outlook for Africa’s automotive composites market is really promising, with demand for advanced materials set to grow right alongside the region’s expanding automotive industry and its evolving sustainability goals.
Africa Automotive Composites Market Segmentation
Africa Automotive Composites Market By Fiber Type
- Glass Fiber Composites
- Carbon Fiber Composites
Africa Automotive Composites Market By Resin Type
- Thermoset
- Thermoplastics
Africa Automotive Composites Market By Technology
- Pultrusion
- Injection Molding
- Compression Molding
Africa Automotive Composites Market By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
Africa Automotive Composites Market Regions and Countries Covered
Africa
- South Africa
- Egypt
- Algeria
- Nigeria
Africa 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
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