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

For enhanced efficiency and performance, automotive composites are extensively utilized in a vehicle’s interior, exterior, and under-the-hood sections. Passenger vehicles, a primary mode of transportation in North America, are seeing increased usage in line with rising per capita income. The automotive industry continues to boost vehicle production, driven by robust consumer demand and ongoing technological innovation. According to the 2023 Automotive Trade Manual, 19.18 million vehicles were sold in North America. The American Automotive Policy Council anticipates annual car sales to surpass 17.7 million vehicles by 2025.

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North America Automotive Composites Market Segmentation Analysis

The automotive composites market analysis is based on a comprehensive segmentation across product type, resin type, technology, vehicle type, and application.

Based on product type, the automotive composites market includes glass fiber composites, carbon fiber composites, and other composite types. Glass fiber composites were the dominant segment in 2023.

By resin type, the automotive composites market is categorized into thermoset materials (e.g., polyester, epoxy, vinyl ester, polyurethane, and others) and thermoplastics (e.g., polyethylene, polypropylene, polycarbonate, polymethyl methacrylate, and various other types). Thermoplastics held the largest market share in 2023.

On the basis of technology, the automotive composites market segments are pultrusion, injection molding, compression molding, and other production methods. Injection molding was the leading technology in 2023.

In terms of vehicle type, the market is segmented into passenger cars, commercial vehicles, and two-wheelers and other categories. 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 uses, and exterior uses. 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

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