GCC Automotive Composites Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The GCC Automotive Composites Market is projected to reach USD 7.6 million by 2031, up from USD 4.3 million in 2024, reflecting an estimated compound annual growth rate (CAGR) of 8.6% from 2025 to 2031.

Executive Summary and GCC Automotive Composites Market Analysis:

The automotive composites market in the GCC (Gulf Cooperation Council) is rapidly evolving, driven by the region's focus on industrial diversification, technological advancements, and sustainability in the automotive sector. Composites, particularly lightweight materials such as carbon fiber, fiberglass, and advanced polymer composites, are gaining traction in GCC countries, including the UAE, Saudi Arabia, and Qatar. These materials are increasingly utilized for manufacturing automotive components to reduce vehicle weight, enhance fuel efficiency, and improve overall performance. The demand for automotive composites in the GCC is closely linked to the automotive industry's shift toward electric vehicles (EVs) and fuel-efficient cars, in alignment with global sustainability trends and the region's growing interest in reducing carbon emissions. Consequently, as investments in the EV sector increase and automotive production rises across the region, the demand for automotive composites has surged.

GCC Automotive Composites Market Segmentation Analysis:

Key segments that inform the automotive composites market analysis 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 automotive composites market is divided into thermoset resins (polyester, epoxy, vinyl ester, polyurethane, and others) and thermoplastics (polyethylene, polypropylene, polycarbonate, polymethyl methacrylate, and others). The thermoplastics segment led the market in 2024.

Technology: The market is segmented by technology into pultrusion, injection molding, compression molding, and others, with injection molding dominating in 2024.

Vehicle Type: The market classification includes passenger cars, commercial vehicles, two-wheelers, and others, with the passenger cars segment holding the largest share in 2024.

Application: The automotive composites market is segmented into structural assembly, powertrain components, interior, and exterior applications. The interior segment was the leading category in 2024.

GCC Automotive Composites Market Outlook:

The rise in fuel prices and the environmental impact of conventional gasoline vehicles have paved the way for alternative fuel vehicles globally. Consumers are increasingly inclined to use battery-powered or hybrid automobiles, which boosts the demand for electric vehicles. According to the International Energy Agency's annual Global Electric Vehicle Outlook, over 10 million electric cars were sold worldwide in 2022, with a projected growth of 35% in 2023, reaching 14 million. As the automotive industry undergoes a transformative shift toward electric vehicles, the role of composites has become crucial. The GCC’s strategic position as a key player in the global oil and gas sector has enabled the development of advanced composite technologies, making use of resin manufacturing and materials science expertise.

Furthermore, with sustainability becoming a priority in both regional and global automotive markets, the demand for eco-friendly, recyclable, and bio-based composites is rising. Incorporating these materials into vehicles aligns with government initiatives aimed at promoting cleaner and greener transportation solutions. As the region focuses on diversification and innovation, the GCC automotive composites market is expected to grow steadily, supported by technological advancements, regulatory initiatives, and the increasing demand for environmentally conscious automotive solutions.

GCC Automotive Composites Market Country Insights:

The GCC automotive composites market is further segmented by country into the UAE, Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait. Saudi Arabia held the largest market share in 2024.

The automotive composites market in Saudi Arabia is expanding as the country focuses on enhancing the performance and sustainability of its automotive industry. The growing demand for lightweight, fuel-efficient vehicles drives the adoption of composite materials such as fiberglass, carbon fiber, and natural fibers. These materials are essential for reducing vehicle weight, improving fuel economy, and meeting stricter emission standards. The country is making significant investments in non-oil revenue streams in accordance with its Saudi Vision 2030 objectives. For example, in November 2022, the Saudi Investment Fund and Foxconn initiated a collaborative project to establish a capacity for manufacturing electric cars by 2025 in King Abdullah Economic City. This initiative aligns with Saudi Arabia's Vision 2030, which aims to create a local automobile brand and establish supply chains that can support this industry's growth.

GCC Automotive Composites Market: Company Profiles

Key players in the GCC 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. To remain competitive and provide innovative products to consumers, these companies employ strategies such as expansion, product innovation, and mergers and acquisitions.