Automotive Long Glass Fiber Composites Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.5 Billion by 2033, exhibiting a CAGR of 9.5% from 2026 to 2033.
The global automotive long glass fiber composites market was valued at approximately USD 5.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. The demand for long glass fiber composites is primarily driven by their ability to enhance the performance and durability of automotive components, such as bumpers, dashboards, and structural parts. These composites are lightweight, cost effective, and offer superior mechanical properties, which contribute to the overall performance improvements in vehicles. As a result, they are increasingly being adopted in both internal combustion engine (ICE) and electric vehicles (EVs), further propelling market growth. Regionally, the automotive long glass fiber composites market is dominated by North America, with the U.S. being the largest consumer of these materials due to its strong automotive manufacturing sector and growing focus on reducing vehicle weight to improve fuel efficiency. Europe is also a significant market, driven by stringent environmental regulations and the shift towards electric vehicles. The Asia Pacific region, particularly China and India, is expected to witness the highest growth rate, fueled by increasing automotive production, infrastructure development, and a shift towards more sustainable and lightweight vehicle components. These regions offer abundant opportunities for market expansion and are expected to capture a larger market share over the forecast period.
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SABIC
Celanese Corporation
Daicel Polymer
PolyOne
Lotte Chemical
Solvay Group
Braj Binani Group (3B)
Owens Corning
Jiangsu Changhai Composite Materials
Veplas Group
SAERTEX GmbH & Co.KG
ASAHI FIBER GLASS Co.
Ltd.
Nippon Sheet Glass Company
Limited
Orinko Advanced Plastics Co.
LTD.
Kingfa Sci.& Tech.Co.
Ltd.
Shanghai Nayan New Material Technology Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Long Glass Fiber Composites Market
Long Glass Fiber (LGF)
Short Glass Fiber (SGF)
Glass Mat Reinforced Composites
Mixed Fiber Reinforcement
Injection Molding
Compression Molding
Extrusion
Thermoforming
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
Sheets
Strips
Complex Components
Prepregs
Structural Applications
Interior Applications
Exterior Applications
Under-the-Hood Components
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Long Glass Fiber Composites Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Long Glass Fiber Composites Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Long Glass Fiber Composites Market, By Type
6. Global Automotive Long Glass Fiber Composites Market, By Application
7. Global Automotive Long Glass Fiber Composites Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Long Glass Fiber Composites Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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