IMARC Group has published a market research report titled "US Automotive Composites Market Report by Material Type (SMC, BMC, LFT, SFT, GMT, CFT, and Others), Resin Type (PP Composites, PBT Composites, and Others), Application (Interior, Exterior, Power Chain System, and Others), Resin Group (Thermoset Composites, Thermoplastics Composites), Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, and Others), and Region 2024-2032", The US automotive composites market size is projected to exhibit a growth rate (CAGR) of 5.4% during 2024-2032.

Automotive composites are materials used in the manufacturing of vehicles that are composed of two or more constituent materials with different physical or chemical properties. They offer design flexibility, durability, and weight savings while providing aesthetic appeal and comfort to occupants. They increase the durability and lifespan of automotive components and reduce maintenance costs. They are used in the construction of body panels, such as hoods, fenders, doors, roofs, and trunk lids. They are also utilized in interior components like dashboards, center consoles, door panels, and seat structures. Besides this, they are employed in aerodynamic components, such as spoilers, diffusers, and underbody panels. Furthermore, as they help in reducing drag, improving airflow management, and enhancing overall vehicle efficiency and performance, the demand for automotive composites is rising in the US.

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US Automotive Composites Market Trends and Drivers

At present, the growing number of electric and hybrid vehicles is catalyzing the demand for lightweight materials to offset the weight of batteries and extend range. This represents one of the key factors positively influencing the market in the US. Additionally, governing agencies in the country are focusing on minimizing vehicle emissions and improving fuel efficiency, which is supporting the growth of the market. In line with this, ongoing advancements in composite manufacturing technologies, such as automated layup processes, resin infusion techniques, and additive manufacturing, are reducing production costs and improving the scalability of composite materials, which is bolstering the market growth. Moreover, rising collaborations between automakers, material suppliers, and research institutions are fostering innovations and accelerating the development and adoption of automotive composites, thereby propelling the growth of the market in the country. Apart from this, the growing employment of high-strength polymer composites in the construction of fuel tanks, providing weight savings, corrosion resistance, and improved packaging options compared to traditional metal tanks, is offering a favorable market outlook in the country.

Report Segmentation:

The report has segmented the market into the following categories:

Material Type Insights:

  • SMC
  • BMC
  • LFT
  • SFT
  • GMT
  • CFT
  • Others 

Resin Type Insights:

  • PP Composites
  • PBT Composites
  • Others 

Application Insights:

  • Interior
  • Exterior
  • Power Chain System
  • Others 

Resin Group Insights:

  • Thermoset Composites
  • Thermoplastics Composites 

Fiber Type Insights:

  • Glass Fiber Composites
  • Carbon Fiber Composites
  • Others 

Regional Insights:

  • Northeast
  • Midwest
  • South
  • West 

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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