Global Materials

The automotive industry stands as one of the largest manufacturing sectors in the United States. In 2023, vehicle sales in the United States totaled 15.5 million units, according to Kroll Inc. Production levels are expected to rise in the near future, which could lead to larger inventories and the i ...

Saudi Arabia's automotive composites market is growing as the nation works to improve the performance and sustainability of its automotive sector. The rising demand for lightweight, fuel-efficient vehicles is driving the increased use of composite materials like fiberglass, carbon fiber, and natural ...

The automotive composites market in Greece is propelled by environmental regulations and heightened government emphasis on sustainability. The Greek government has introduced measures such as tax breaks and subsidies to promote electric vehicle adoption, resulting in a significant rise in EV sales a ...

Germany stands as one of the largest automotive markets in Europe, representing 32% of the continent’s total car production in 2023. According to the European Automobile Manufacturers Association, German automakers produced over 3.96 million vehicles that year, while the country also saw 2.84 millio ...

Composites, valued for their lightweight and high-performance characteristics, are increasingly utilized in the automotive sector to help manufacturers meet the European Union's strict fuel efficiency and CO2 emission regulations. This trend aligns with the Czech Republic’s ongoing efforts to promot ...

Oman’s automotive composites market is steadily advancing, supported by the nation’s push to diversify its economy and promote sustainable vehicle technologies. As the country works to expand its manufacturing capabilities, interest in lightweight composites—such as fiberglass and carbon fiber—is on ...

Norway’s automotive composites market is expanding, largely driven by the country’s strong transition toward electric vehicles (EVs). In 2023, battery electric vehicles (BEVs) made up roughly 54% of all new car registrations, according to the European Environmental Agency. This shift toward electrif ...

Nigeria’s automotive composites market is developing, fueled by the growth of the country's automotive industry. As demand increases for lightweight, durable, and fuel-efficient vehicles, materials like carbon fiber and fiberglass are gaining popularity. The growing interest in electric vehicles fur ...

Although relatively modest in size, Luxembourg’s automotive composites market is experiencing steady growth, driven by the country’s emphasis on innovation, sustainability, and its strategic role within the European automotive supply chain. The industry is progressively incorporating advanced compos ...

Egypt’s automotive composites market is gradually expanding, supported by the growth of its automotive sector and the rising demand for lightweight, fuel-efficient vehicles. Materials such as fiberglass, carbon fiber, and natural fibers are increasingly being utilized in vehicle production due to th ...

Thailand’s automotive composites market is expanding, driven by its strong automotive manufacturing foundation and growing demand for lightweight materials. As the country solidifies its role as a major automotive center in Southeast Asia, the use of composites like fiberglass, carbon fiber, and nat ...

Taiwan’s automotive composites market is growing, supported by its robust manufacturing infrastructure and expanding automotive industry. As Taiwanese automakers prioritize improving vehicle performance and fuel efficiency, the demand for composite materials like carbon fiber, fiberglass, and natura ...

South Korea's automotive composites market is growing steadily, supported by the country's strong automotive sector and a keen focus on innovation. The automotive industry is a major contributor to South Korea's economy, accounting for more than 10% of the national GDP annually. As manufacturers aim ...

Turkey's automotive composites market is expanding, supported by its robust automotive manufacturing industry and growing demand for lightweight, fuel-efficient vehicles. Materials like fiberglass, carbon fiber, and natural fibers are being more widely used to boost vehicle performance, lower emissi ...

Romania has a well-developed automotive manufacturing industry that produces a range of vehicles, including passenger cars, commercial vehicles, and electric models. Key manufacturers like Renault Dacia and Ford maintain significant operations in the country, solidifying Romania’s role as an importa ...

Portugal benefits from a highly skilled workforce and significant investments in technology and innovation within its automotive sector, boosting productivity and quality and enhancing the competitiveness of its manufacturers on a global scale. The country has emerged as a significant center for aut ...

The automotive industry is one of the most important sectors in Mexico, according to the International Trade Administration. Approximately 90% of vehicles produced in Mexico are intended for export, with 76% of those shipments going to the United States. In 2023, Mexico was ranked 12th globally for ...

Italy ranks as one of Europe’s top automotive producers and stands sixth globally in terms of production volume. In 2022, Italy manufactured 796,394 vehicles, representing 1% of the worldwide total, with passenger cars making up 60%, commercial vehicles 40%, and buses 0.1%, according to the Associat ...

Japan's automotive industry, according to the Japan Automobile Manufacturers Association, ranks as the third-largest globally, with 78 production facilities spread across 22 prefectures and employing over 5.5 million people. Automotive manufacturers represent 89% of the country’s largest industrial ...

Indonesia's automotive composites market is developing alongside the country's expanding and modernizing automotive sector. As the demand for lighter and more fuel-efficient vehicles increases, manufacturers in Indonesia are progressively using composite materials like fiberglass, carbon fiber, and ...

India’s automotive composites market is witnessing consistent growth, driven by the rising demand for lightweight and fuel-efficient vehicles. As the nation moves toward electric mobility and adopts more stringent environmental regulations, the use of composite materials such as fiberglass, carbon f ...

In 2023, French automobile manufacturers produced over 959,404 vehicles, according to the European Automobile Manufacturers Association. The country also recorded 1.77 million new car registrations during the same year. In March 2023, France registered 353,200 passenger plug-in electric vehicles, ac ...

Bahrain’s automotive industry is increasingly adopting advanced technologies aimed at sustainability and enhanced performance. The growing emphasis on lightweight and fuel-efficient vehicles is accelerating the use of composite materials like carbon fiber, fiberglass, and natural fibers. These mater ...

Global Automotive Composites Market to Reach US$59.8 Billion by 2030 The global market for Automotive Composites estimated at US$30.4 Billion in the year 2024, is expected to reach US$59.8 Billion by 2030, growing at a CAGR of 11.9% over the analysis period 2024-2030. Exteriors, one of the segments ...

Global Metal Matrix Composites Market to Reach US$941.8 Million by 2030 The global market for Metal Matrix Composites estimated at US$764.3 Million in the year 2024, is expected to reach US$941.8 Million by 2030, growing at a CAGR of 3.5% over the analysis period 2024-2030. Aluminum Matrix Composite ...