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Global EV Composites Market Size Study, by Fiber Type (Glass Fiber, Carbon Fiber, Others), Resin Type (Thermoplastics, Thermoset), Type (Ultra-Premium, Premium, Non-Premium), Manufacturing Process (Compression Molding, Injection Molding, RTM, Others), App

Publisher Bizwit Research & Consulting
Published Jan 11, 2025
Length 285 Pages
SKU # BIZW19502795

Description

Global EV Composites Market Size Study, by Fiber Type (Glass Fiber, Carbon Fiber, Others), Resin Type (Thermoplastics, Thermoset), Type (Ultra-Premium, Premium, Non-Premium), Manufacturing Process (Compression Molding, Injection Molding, RTM, Others), Application (Interior, Exterior, Battery Enclosure, Powertrain & Chassis), and Regional Forecasts 2022-2032


The Global EV Composites Market was valued at USD 1.96 billion in 2023 and is projected to witness robust growth, registering a CAGR of 17.1% during the forecast period from 2024 to 2032, reaching a market size of USD 8.11 billion by 2032. Advanced composite materials, particularly carbon and glass fibers, are pivotal in the manufacturing of electric vehicles (EVs) due to their exceptional strength-to-weight ratio, enabling improved energy efficiency and driving range.

The rapid adoption of EVs globally, coupled with stringent emission regulations, has propelled demand for lightweight and high-performance materials like EV composites. Carbon fiber dominates the market with applications in critical structural and performance-enhancing components, while glass fiber offers cost-effective solutions for non-structural parts. Technological innovations, including bio-based composites and nanocomposites, are driving material advancements, enhancing properties such as thermal stability and electrical conductivity.

Asia Pacific leads the market, driven by rapid EV adoption in China, Japan, and South Korea, supported by favorable government policies and advancements in materials technology. North America follows closely, with significant growth attributed to incentives, technological advancements, and a robust EV manufacturing ecosystem. Europe, driven by stringent emission norms and investments in sustainable automotive technologies, also holds a significant market share.

Major market players included in this report are:

1. Owens Corning

2. Piran Advanced Composites

3. Plastic Omnium

4. POLYTEC HOLDING AG

5. Röchling SE & Co. KG

6. SGL Carbon

7. Syensqo

8. Teijin Limited

9. The Gund Company

10. Toray Industries, Inc.

11. TRB Lightweight Structures

12. ZhongAo Carbon

The detailed segments and sub-segments of the market are explained below:

By Fiber Type:
• Glass Fiber
• Carbon Fiber
• Others

By Resin Type:
• Thermoplastics
• Thermoset

By Type:
• Ultra-Premium
• Premium
• Non-Premium

By Manufacturing Process:
• Compression Molding
• Injection Molding
• RTM
• Others

By Application:
• Interior
• Exterior
• Battery Enclosure
• Powertrain & Chassis

By Region:

North America
• U.S.
• Canada

Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Vietnam
• Rest of Asia Pacific

Latin America
• Argentina
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand-side and supply-side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

285 Pages
Chapter 1. Global EV Composites Market Executive Summary
1.1. Global EV Composites Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Fiber Type
1.3.2. By Resin Type
1.3.3. By Type
1.3.4. By Manufacturing Process
1.3.5. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global EV Composites Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.4. Demand Side Analysis
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global EV Composites Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Adoption of EVs Globally
3.1.2. Advancements in Bio-Based and Nanocomposite Materials
3.1.3. Stringent Emission Norms Driving Lightweight Material Demand
3.2. Market Challenges
3.2.1. High Costs of Carbon Fiber Composites
3.2.2. Complex Manufacturing Processes
3.3. Market Opportunities
3.3.1. Innovations in Manufacturing Technologies
3.3.2. Growth of EV Infrastructure and Smart Cities
Chapter 4. Global EV Composites Market Industry Analysis
4.1. Porter’s Five Forces Analysis
4.2. PESTEL Analysis
4.3. Competitive Landscape Analysis
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global EV Composites Market Size & Forecast by Fiber Type (2022-2032)
5.1. Segment Dashboard
5.2. Revenue Trend Analysis (USD Billion)
5.2.1. Glass Fiber
5.2.2. Carbon Fiber
5.2.3. Others
Chapter 6. Global EV Composites Market Size & Forecast by Resin Type (2022-2032)
6.1. Segment Dashboard
6.2. Revenue Trend Analysis (USD Billion)
6.2.1. Thermoplastics
6.2.2. Thermoset
Chapter 7. Global EV Composites Market Size & Forecast by Type (2022-2032)
7.1. Segment Dashboard
7.2. Revenue Trend Analysis (USD Billion)
7.2.1. Ultra-Premium
7.2.2. Premium
7.2.3. Non-Premium
Chapter 8. Global EV Composites Market Size & Forecast by Manufacturing Process (2022-2032)
8.1. Segment Dashboard
8.2. Revenue Trend Analysis (USD Billion)
8.2.1. Compression Molding
8.2.2. Injection Molding
8.2.3. RTM
8.2.4. Others
Chapter 9. Global EV Composites Market Size & Forecast by Application (2022-2032)
9.1. Segment Dashboard
9.2. Revenue Trend Analysis (USD Billion)
9.2.1. Interior
9.2.2. Exterior
9.2.3. Battery Enclosure
9.2.4. Powertrain & Chassis
Chapter 10. Global EV Composites Market Size & Forecast by Region (2022-2032)
10.1. North America
10.1.1. U.S.
10.1.2. Canada
10.2. Europe
10.2.1. Germany
10.2.2. UK
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Russia
10.2.7. Netherlands
10.2.8. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. South Korea
10.3.5. Indonesia
10.3.6. Malaysia
10.3.7. Rest of Asia-Pacific
10.4. Latin America
10.4.1. Argentina
10.4.2. Brazil
10.4.3. Mexico
10.4.4. Rest of Latin America
10.5. Middle East & Africa
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. Israel
10.5.4. South Africa
10.5.5. Rest of Middle East & Africa
Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.2. Company Profiles
11.3. Market Strategies
Chapter 12. Research Process
12.1. Research Design
12.2. Data Mining
12.3. Market Estimation Techniques
12.4. Validation
List of Tables
1. Global EV Composites Market, Report Scope
2. Global Market Estimates & Forecasts by Region (2022-2032) (USD Billion)
3. Global Market Estimates & Forecasts by Fiber Type (2022-2032) (USD Billion)
4. Global Market Estimates & Forecasts by Resin Type (2022-2032) (USD Billion)
5. Global Market Estimates & Forecasts by Type (2022-2032) (USD Billion)
6. Regional Breakdown of EV Composites Market by Manufacturing Process (2022-2032) (USD Billion)
7. Competitive Benchmarking of Major Market Players (2023)
8. Innovations in Bio-Based Composites for EV Applications (2022-2032)
9. Nanocomposite Advancements in the EV Composites Market (2022-2032)
10. Key Growth Opportunities in EV Composites by Application (2022-2032)
List of Figures
1. Global EV Composites Market, Research Methodology
2. Market Size Estimation Techniques
3. Value Chain Analysis of EV Composites
4. Regional Breakdown of Market Share by Application (2023)
5. Key Trends in EV Composites for Energy Efficiency (2022-2032)
6. Adoption of Lightweight Materials in EV Manufacturing by Region (2022-2032)
7. Impact of Bio-Based Composites on Reducing Carbon Footprints (2023)
8. SWOT Analysis of Key Players in EV Composites Market (2023)
9. Innovations in Manufacturing Processes for EV Composites (2022-2032)
10. Competitive Landscape Analysis of Major Market Players (2023)

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