South Korea Composites In Automotive Market was valued at USD 3.0 Billion in 2022 and is projected to reach USD 5.2 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The South Korean automotive industry is witnessing a growing demand for advanced composite materials, driving a surge in the use of composites in automotive market segments. These materials, particularly carbon fiber reinforced polymers (CFRP) and glass fiber reinforced plastics (GFRP), are rapidly gaining traction due to their lightweight properties, durability, and ability to enhance fuel efficiency. As automakers focus on improving vehicle performance while reducing emissions, composites have become essential in achieving these goals.
The use of composites in South Korea’s automotive market is influenced by a variety of industry requirements. Manufacturers are increasingly opting for composites to meet stringent environmental regulations, reduce weight, and improve the safety and performance of vehicles. Lightweight materials help reduce fuel consumption and CO2 emissions, aligning with global sustainability goals. Composites, such as carbon fiber, are also being used in high-performance parts of electric and autonomous vehicles, offering better structural integrity and design flexibility compared to traditional metals.
South Korean automotive companies, such as Hyundai and Kia, are leading the way by integrating composite materials into their vehicle designs. For instance, the use of CFRP in body panels and other critical components enables the creation of vehicles that are not only lighter but also stronger and more resistant to impact. This contributes significantly to the overall efficiency and longevity of the vehicle, providing competitive advantages in the marketplace.
In addition to weight reduction, the composites in automotive market in South Korea is being shaped by innovations in manufacturing processes, such as resin transfer molding (RTM) and vacuum infusion. These advanced techniques allow for faster production times, lower costs, and increased scalability. As the demand for eco-friendly and high-performance vehicles rises, the role of composites in automotive production is expected to grow significantly in the coming years.
With the increasing push for electric vehicles (EVs) and the growing interest in autonomous vehicle technology, the need for high-strength, lightweight materials is more critical than ever. Composites are expected to play a key role in the evolution of automotive design, helping manufacturers meet these future challenges and redefine the driving experience.
Get an In-Depth Research Analysis of the South Korea Composites In Automotive Market Size And Forecast [2025-2032]
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BASF
DOW
Gurit
SGl group
Solvey Group
Mitsubishi Chemical Corporation
Hexcel
Teijin Limited
Toray
UFP Technologies
Huntsman
Advanced Composites Group
Scott Bader
ACP Composites
Clear Water Composites
HITCO Carbon Composites
Polar Manufacturing
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 South Korea Composites In Automotive Market
Fiber-Reinforced Composites
Matrix Composites
Metal Matrix Composites
Polymer Matrix Composites
Ceramic Matrix Composites
Structural Components
Interior Components
Exterior Components
Engine and Powertrain Components
Electrical and Electronic Systems
Lay-Up
Filament Winding
Resin Transfer Molding (RTM)
Compression Molding
Injection Molding
Glass Fiber
Carbon Fiber
Bamboo Fiber
Natural Fiber
Aramid Fiber
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Heavy-Duty Vehicles
Hybrid Vehicles
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Composites In Automotive 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. South Korea Composites In Automotive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Composites In Automotive Market, By Type
6. South Korea Composites In Automotive Market, By Application
7. South Korea Composites In Automotive Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Composites In Automotive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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