The ASEAN Automotive Composites Market size is expected to reach US$ 1,037.37 million by 2031 from US$ 542.60 million in 2024. The market is estimated to record a CAGR of 8.4% from 2025 to 2031.
Executive Summary and Market Analysis
The ASEAN automotive composites market is seeing substantial growth, largely due to the rising demand for lightweight, fuel-efficient, and sustainable vehicles. Composites, which combine two or more distinct materials, are crucial for making automotive parts because they reduce weight without sacrificing strength or durability. With governments and car manufacturers focusing more on sustainability and environmental protection, composites offer a vital solution. The move towards electric vehicles (EVs) and stricter fuel efficiency standards further increases the need for lighter materials, thus boosting demand for automotive composites.
Download our Sample PDF Report
@https://www.businessmarketinsights.com/sample/BMIRE00031213
ASEAN Automotive Composites Market Outlook
The ASEAN market for automotive composites is benefiting from increased research and development (R&D) investments. Innovations in manufacturing processes like resin transfer molding and compression molding are making production more efficient and cost-effective, making composites available for more vehicles. Additionally, the automotive industry’s focus on sustainability is encouraging the development of bio-based and recyclable composite materials. As ASEAN becomes a more significant player in the global automotive sector, its automotive composites market is expected to grow steadily. This growth will be driven by technological advancements, environmental considerations, and evolving consumer demands. Thailand, Indonesia, and Malaysia are major automotive manufacturing hubs with numerous global automakers. These countries are adopting advanced materials like carbon fiber, glass fiber, and natural fiber composites to improve vehicle performance and efficiency. Consumers are increasingly choosing premium and performance-oriented cars, which often use high-performance composite materials. The growing use of composites is also fueled by their benefits in corrosion resistance, design flexibility, and long-term cost-effectiveness, making them a popular choice for both Original Equipment Manufacturers (OEMs) and aftermarket applications.
ASEAN Automotive Composites Market Segmentation
ASEAN Automotive Composites Market By Fiber Type
- Glass Fiber Composites
- Carbon Fiber Composites
ASEAN Automotive Composites Market By Resin Type
- Thermoset
- Thermoplastics
ASEAN Automotive Composites Market By Technology
- Pultrusion
- Injection Molding
- Compression Molding
ASEAN Automotive Composites Market By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
ASEAN Automotive Composites Market Regions and Countries Covered
ASEAN
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
ASEAN 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