Africa Automotive Composites Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
Description
The African automotive composites market is projected to reach $152.22 million by 2031, increasing from $78.79 million in 2024, representing a compound annual growth rate (CAGR) of 9.9% from 2025 to 2031.
Executive Summary and Africa Automotive Composites Market Analysis
The automotive composites market in Africa is rapidly expanding due to the increasing demand for lighter, more durable, and fuel-efficient vehicles. Composites, including fiberglass, carbon fiber, and natural fiber materials, are being increasingly integrated into vehicle manufacturing processes in the region as automakers aim to meet global sustainability standards. The shift towards electric vehicles (EVs) and the commitment to reducing carbon footprints are driving the adoption of advanced materials. Composites provide significant weight-saving advantages that enhance energy efficiency. This trend is expected to intensify as governments and businesses across the continent adopt more environmentally conscious policies and practices.
Africa Automotive Composites Market Segmentation Analysis
Key segments contributing to the analysis of the automotive composites market include product type, resin type, technology, vehicle type, and application.
Product Type: The market is segmented into glass fiber composites, carbon fiber composites, and others. The glass fiber composites segment dominated the market in 2024.
Resin Type: The market is divided into thermoset (including polyester, epoxy, vinyl ester, polyurethane, and others) and thermoplastics (including polyethylene, polypropylene, polycarbonate, polymethyl methacrylate, and others). The thermoplastics segment led the market in 2024.
Technology: The market is segmented into pultrusion, injection molding, compression molding, and others. The injection molding segment was the largest in 2024.
Vehicle Type: The market is classified into passenger cars, commercial vehicles, two-wheelers, and others. The passenger cars segment held the largest share in 2024.
Application: The market is divided into structural assembly, powertrain components, interior, and exterior applications. The interior segment dominated the market in 2024.
Africa Automotive Composites Market Outlook
The number of manufacturers setting up operations in key markets such as South Africa, Nigeria, Egypt, and Morocco is increasing. South Africa has emerged as a significant automotive hub, attracting international automakers and fostering local production. This development has created a growing demand for high-performance materials, such as composites, to support vehicle production. With the rise of the middle-class population and increased consumer demand for affordable yet high-quality vehicles, automakers are turning to composites to improve their products' performance and aesthetic appeal. Natural fibers sourced from local agriculture, such as hemp, jute, and sisal, are presenting sustainable and cost-effective alternatives to synthetic composites. This approach not only supports the development of a more environmentally friendly automotive industry but also creates economic opportunities for local agricultural sectors. The outlook for Africa’s automotive composites market is positive, as demand for advanced materials continues to increase alongside the region's expanding automotive industry and evolving sustainability goals.
Africa Automotive Composites Market Country Insights
The African automotive composites market is further segmented into Egypt, South Africa, Algeria, and Nigeria. South Africa held the largest share in 2024.
The automotive composites market in South Africa is growing as the country's automotive industry adopts advanced materials to enhance vehicle performance, reduce weight, and improve fuel efficiency. Composites like fiberglass, carbon fiber, and natural fibers are increasingly common in vehicle manufacturing, driven by the demand for more sustainable and efficient transportation solutions. According to the International Trade Administration, total vehicle production in South Africa increased from 446,210 units in 2020 to 510,000 units in 2022. In 2021, South Africa launched the South Africa Automotive Masterplan (SAAM) for 2021–2035, aiming to produce 1.4 million vehicles annually by 2035, representing 1% of global vehicle production. The country's seven original equipment manufacturers (OEMs) in the automotive sector invested approximately $460 million in 2021. With a well-established automotive sector that includes major global automakers, South Africa is shifting towards EVs, further boosting the use of lightweight materials. As the market for environmentally friendly vehicles grows, South Africa's automotive composites industry is positioned for expansion, supporting both domestic and export demands.
Africa Automotive Composites Market Company Profiles
Companies involved in the automotive composites market include Gurit Holding AG, Hexcel Corp, Mitsubishi Chemical Group Corp, SGL Carbon SE, Solvay SA, Teijin Ltd, DuPont de Nemours Inc, Toray Industries Inc, Atlas Fibre, and Elaghmore Advisor LLP.
Executive Summary and Africa Automotive Composites Market Analysis
The automotive composites market in Africa is rapidly expanding due to the increasing demand for lighter, more durable, and fuel-efficient vehicles. Composites, including fiberglass, carbon fiber, and natural fiber materials, are being increasingly integrated into vehicle manufacturing processes in the region as automakers aim to meet global sustainability standards. The shift towards electric vehicles (EVs) and the commitment to reducing carbon footprints are driving the adoption of advanced materials. Composites provide significant weight-saving advantages that enhance energy efficiency. This trend is expected to intensify as governments and businesses across the continent adopt more environmentally conscious policies and practices.
Africa Automotive Composites Market Segmentation Analysis
Key segments contributing to the analysis of the automotive composites market include product type, resin type, technology, vehicle type, and application.
Product Type: The market is segmented into glass fiber composites, carbon fiber composites, and others. The glass fiber composites segment dominated the market in 2024.
Resin Type: The market is divided into thermoset (including polyester, epoxy, vinyl ester, polyurethane, and others) and thermoplastics (including polyethylene, polypropylene, polycarbonate, polymethyl methacrylate, and others). The thermoplastics segment led the market in 2024.
Technology: The market is segmented into pultrusion, injection molding, compression molding, and others. The injection molding segment was the largest in 2024.
Vehicle Type: The market is classified into passenger cars, commercial vehicles, two-wheelers, and others. The passenger cars segment held the largest share in 2024.
Application: The market is divided into structural assembly, powertrain components, interior, and exterior applications. The interior segment dominated the market in 2024.
Africa Automotive Composites Market Outlook
The number of manufacturers setting up operations in key markets such as South Africa, Nigeria, Egypt, and Morocco is increasing. South Africa has emerged as a significant automotive hub, attracting international automakers and fostering local production. This development has created a growing demand for high-performance materials, such as composites, to support vehicle production. With the rise of the middle-class population and increased consumer demand for affordable yet high-quality vehicles, automakers are turning to composites to improve their products' performance and aesthetic appeal. Natural fibers sourced from local agriculture, such as hemp, jute, and sisal, are presenting sustainable and cost-effective alternatives to synthetic composites. This approach not only supports the development of a more environmentally friendly automotive industry but also creates economic opportunities for local agricultural sectors. The outlook for Africa’s automotive composites market is positive, as demand for advanced materials continues to increase alongside the region's expanding automotive industry and evolving sustainability goals.
Africa Automotive Composites Market Country Insights
The African automotive composites market is further segmented into Egypt, South Africa, Algeria, and Nigeria. South Africa held the largest share in 2024.
The automotive composites market in South Africa is growing as the country's automotive industry adopts advanced materials to enhance vehicle performance, reduce weight, and improve fuel efficiency. Composites like fiberglass, carbon fiber, and natural fibers are increasingly common in vehicle manufacturing, driven by the demand for more sustainable and efficient transportation solutions. According to the International Trade Administration, total vehicle production in South Africa increased from 446,210 units in 2020 to 510,000 units in 2022. In 2021, South Africa launched the South Africa Automotive Masterplan (SAAM) for 2021–2035, aiming to produce 1.4 million vehicles annually by 2035, representing 1% of global vehicle production. The country's seven original equipment manufacturers (OEMs) in the automotive sector invested approximately $460 million in 2021. With a well-established automotive sector that includes major global automakers, South Africa is shifting towards EVs, further boosting the use of lightweight materials. As the market for environmentally friendly vehicles grows, South Africa's automotive composites industry is positioned for expansion, supporting both domestic and export demands.
Africa Automotive Composites Market Company Profiles
Companies involved in the automotive composites market include Gurit Holding AG, Hexcel Corp, Mitsubishi Chemical Group Corp, SGL Carbon SE, Solvay SA, Teijin Ltd, DuPont de Nemours Inc, Toray Industries Inc, Atlas Fibre, and Elaghmore Advisor LLP.
Table of Contents
19 Pages
- 1. Introduction
- 1.1 Business Market Insights Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. Africa Automotive Composites Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
- 5. Africa Automotive Composites Market – Key Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Demand for Lightweight Materials
- 5.1.2 Rise of Electric and Hybrid Vehicles
- 5.1.3 Increased Demand for Durability and Performance
- 5.2 Market Opportunities
- 5.2.1 Growing Adoption of Lightweight Composites for Fuel Efficiency
- 5.2.2 Increased Use of Composites in Electric Vehicles
- 5.2.3 Development of Recyclable and Sustainable Composites
- 5.3 Future Trends
- 5.3.1 Increased Use of Carbon Fiber Composites
- 5.3.2 Advancements in Recycling and Sustainability
- 5.3.3 Integration of Smart Materials in Automotive Composites
- 5.4 Impact of Drivers and Restraints
- 6. Africa Automotive Composites Market Regional Analysis
- 6.1 Africa Automotive Composites Market Overview
- 6.2 Africa Automotive Composites Market Revenue 2021-2031 (US$ Million)
- 6.3 Africa Automotive Composites Market Forecast Analysis
- 7. Africa Automotive Composites Market Analysis – by Fiber Type
- 7.1 Glass Fiber Composites
- 7.1.1 Overview
- 7.1.2 Glass Fiber Composites: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 7.2 Carbon Fiber Composites
- 7.2.1 Overview
- 7.2.2 Carbon Fiber Composites: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 8. Africa Automotive Composites Market Analysis – by Resin Type
- 8.1 Thermoset
- 8.1.1 Overview
- 8.1.2 Thermoset: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 8.2 Thermoplastics
- 8.2.1 Overview
- 8.2.2 Thermoplastics: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 9. Africa Automotive Composites Market Analysis – by Technology
- 9.1 Pultrusion
- 9.1.1 Overview
- 9.1.2 Thermoplastics: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2 Injection Molding
- 9.2.1 Overview
- 9.2.2 Thermoplastics: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 9.3 Compression Molding
- 9.3.1 Overview
- 9.3.2 Thermoplastics: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10. Africa Automotive Composites Market – Africa Analysis
- 10.1 Africa
- 10.1.1 Africa Automotive Composites Market Breakdown, by Key Country, 2025 and 2031 (%)
- 10.1.1.1 Africa Automotive Composites Market – Revenue and Forecast Analysis – by Country
- 10.1.1.1 South Africa: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.1.1 South Africa: Africa Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.1.2 South Africa: Africa Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.1.3 South Africa: Africa Automotive Composites Market Breakdown, by Technology
- 10.1.1.2 Egypt: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.2.1 Egypt: Africa Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.2.2 Egypt: Africa Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.2.3 Egypt: Africa Automotive Composites Market Breakdown, by Technology
- 10.1.1.3 Algeria: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.3.1 Algeria: Africa Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.3.2 Algeria: Africa Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.3.3 Algeria: Africa Automotive Composites Market Breakdown, by Technology
- 10.1.1.4 Nigeria: Africa Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.4.1 Nigeria: Africa Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.4.2 Nigeria: Africa Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.4.3 Nigeria: Africa Automotive Composites Market Breakdown, by Technology
- 11. Competitive Landscape
- 11.1 Heat Map Analysis
- 11.2 Company Positioning and Concentration
- 12. Africa Automotive Composites Market Industry Landscape
- 12.1 Overview
- 12.2 Mergers and Acquisitions
- 12.3 Agreements, Collaborations, and Joint Ventures
- 12.4 New Product Launches
- 12.5 Expansions and Other Strategic Developments
- 13. Company Profiles
- 13.1 Gurit Holdings AG
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Hexcel Corp
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Mitsubhishi Chemical Group
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 SGL Carbon SE
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Solvay SA
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Teijin Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 DuPont de Numours Inc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Toray Industries
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Atlas Fibre
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Elaghmore Advisor LLP
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
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