Australia Automotive Composites Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Australia Automotive Composites Market is Segmented by Application Type (Structural Assembly, Powertrain Component, Interior, Exterior, and Others), and Process Type (Hand Layup / Manual Process, Compression Molding, Injection Molding, and Continuous Process)

Australia Automotive Composites Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Australia Automotive Composites Market Size

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Australia Automotive Composites Market (2024 - 2029)
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 7.00 %
Market Concentration Medium

Major Players

Australia Automotive Composites Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Australia Automotive Composites Market with other markets in Chemicals & Materials Industry

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Australia Automotive Composites Market Analysis

The Australia Automotive Composites Market is expected to register a CAGR of greater than 7% during the forecast period.

  • Presently, composite materials, like thermoplastics and reinforced glass, have drawn the attention of carmakers, making them focus on sourcing better, tensile, and lighter components in the manufacture of automobile units.
  • Factors such as increasing demand for lightweight material from the automotive industry and growing focus on fuel economy are expected to be major drivers for the market. However, high costs associated with carbon fiber composites, and glass fiber composites is hindering the growth of the market, as their usage in low-cost vehicles could drastically increase the prices of such vehicles.
  • The low recyclability of composites is also a restraint for their penetration in entry-level passenger vehicles. However, collaborations of the OEMs with suppliers (due to rising demand for fuel-efficient vehicles, growing lightweight electrical vehicle segment, and major automobile giants, like BMW and Nissan, trying to replace their existing metal parts with composite fibers) imply the scope and booming opportunity that the market is anticipated to offer over the forecast period.

Australia Automotive Composites Industry Overview

Companies, such as Toho Tenex (Teijin Ltd), Toray Industries Inc, Mitsubishi Chemical Carbon Fiber and Composites, Inc., and SGL Carbon, are some of the major players in the market studied. Companies are trying to invent new composites that can reduce the total weight of the vehicle to much lower proportions. For instance, in December 2017, BMW celebrated the manufacturing of its 100,000th i3, which features a monocoque that is made from light and stiff, but expensive, carbon fiber-reinforced plastic (CFRP).

Not only BMW has adopted CFRP in a mixed-material approach, but its German competitor, Audi, is also using the material to produce the rear wall of the space frame for its A8 luxury sedan. This part provides around 40% of the vehicle's overall torsional rigidity, making it a suitable candidate for manufacture with CFRP. The part is around 50% lighter in weight than its metallic predecessor.

Australia Automotive Composites Market Leaders

  1. Hexcel Corporation

  2. Mitsubishi Chemical Carbon Fiber and Composites, Inc.

  3. SGL Carbon

  4. Toho Tenex (Teijin Ltd)

  5. Toray Industries Inc

  6. *Disclaimer: Major Players sorted in no particular order
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Australia Automotive Composites Market News

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Australia Automotive Composites Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Application Type
    • 5.1.1 Structural Assembly
    • 5.1.2 Power-train Components
    • 5.1.3 Interior
    • 5.1.4 Exterior
    • 5.1.5 Other Application Types
  • 5.2 By Process Type
    • 5.2.1 Hand Layup / Manual Process
    • 5.2.2 Compression Molding
    • 5.2.3 Injection Molding
    • 5.2.4 Continuous Process

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Hexcel Corporation
    • 6.2.2 Mitsubishi Chemical Carbon Fiber and Composites, Inc.
    • 6.2.3 mouldCAM Pty Ltd.
    • 6.2.4 SGL Carbon
    • 6.2.5 Toho Tenex (Teijin Ltd)
    • 6.2.6 Toray Industries Inc
    • 6.2.7 Nippon Sheet Glass Company, Limited
    • 6.2.8 Nippon Sheet Glass Company, Limited
    • 6.2.9 Sigmatex
    • 6.2.10 Nippon Carbon Co., Ltd.
    • 6.2.11 Solvay SA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Australia Automotive Composites Industry Segmentation

The Australia automotive composites market covers the latest trends and technological development and provides analysis on the market demand by application type, process type, material type, and market share of major automotive composite manufacturing companies across Australia.

By Application Type Structural Assembly
Power-train Components
Interior
Exterior
Other Application Types
By Process Type Hand Layup / Manual Process
Compression Molding
Injection Molding
Continuous Process
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Australia Automotive Composites Market Research Faqs

What is the current Australia Automotive Composites Market size?

The Australia Automotive Composites Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)

Who are the key players in Australia Automotive Composites Market?

Hexcel Corporation, Mitsubishi Chemical Carbon Fiber and Composites, Inc., SGL Carbon, Toho Tenex (Teijin Ltd) and Toray Industries Inc are the major companies operating in the Australia Automotive Composites Market.

What years does this Australia Automotive Composites Market cover?

The report covers the Australia Automotive Composites Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Australia Automotive Composites Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Australia Automotive Composites Industry Report

Statistics for the 2025 Australia Automotive Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia Automotive Composites analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.