Australia Automotive Composites Market Expected to Reach $381.9 Million by 2033

The Australia automotive composites market was valued at $257.5 million in 2023, and is projected to reach $381.9 million by 2033, growing at a CAGR of 4.1% from 2024 to 2033.

Automotive composites are advanced materials formed by combining a matrix with a reinforcing material such as fibers of carbon, glass, or natural origins. The matrix binds the fibers together, while the fibers provide strength and stiffness. These composites offer significant advantages in the automotive sector, including reduced weight, enhanced strength, and improved fuel efficiency. By replacing traditional metals such as steel or aluminum, composites help reduce the overall vehicle mass, contributing to better performance, lower emissions, and greater sustainability in modern automotive design.

Surge in adoption of advanced composite technologies enables Australian manufacturers to meet the increase in regulatory demands for reducing vehicle emissions. As Australia aligns with global sustainability goals, car makers are under pressure to develop vehicles with lower carbon footprints, and the use of composites material is perceived as a sustainable alternative. The integration of new production methods such as 3D printing for composite parts and improved bonding techniques, has strengthened the appeal of automotive composites, driving their adoption in key automotive sectors such as electric vehicles (EVs) and lightweight commercial vehicles. These innovations improve vehicle efficiency and create new opportunities for the domestic automotive supply chain, boosting demand across the country. All these factors are expected to drive the growth of the Australia automotive composites market during the forecast period.

However, automotive composites, particularly those made from carbon fiber-reinforced polymers (CFRP) and glass fiber-reinforced polymers (GFRP) are difficult to recycle due to the complex bonding between the fibers and the polymer matrix. Compared to metals such as aluminum and steel, which are easily melted down and reused, the thermoset nature of many composites makes them difficult to break down and process for reuse. This lack of efficient recycling methods raises environmental concerns, as end-of-life disposal of composite components often results in increased waste. All these factors hamper the growth of the Australia automotive composites market.

Surge in demand for sustainable and recyclable materials offers opportunities for automotive composites market in Australia. As the automotive industry increasingly prioritizes eco-friendly practices, there is a strong push to develop materials that enhance vehicle performance and reduce environmental impact. This shift is driven by both regulatory pressures and consumer demand for greener vehicles. In Australia, where environmental consciousness is on the rise, car manufacturers explore new composite technologies that focus on sustainability and recyclability by reducing the overall carbon footprint of vehicles. All these factors are anticipated to offer new growth opportunities for the Australia automotive composites market during the forecast period.

Segment Highlights

The Australia automotive composites market is segmented into fiber type, resin type, and application. By fiber type, the market is classified into glass fiber, carbon fiber, and others. By resin type, the market is divided into thermosets and thermoplastics. By application, the market is categorized into exterior, interior, and others.

The major players operating in the Australia automotive composites market include APR Composites, Austeng, Advanced Composite Structures Australia Pty Ltd, Scott Bader Company Ltd., Haydale Graphene Industries plc, Evonik Industries AG, Mitsubishi Chemical Group Corporation, Toray Industries, Inc, Huntsman Corporation, and Solvay S.A.