According to Research and Markets (2024), the global electric vehicle composites market is poised for strong growth through 2034.
The surge in EV production, combined with the industry’s drive toward lightweight and energy-efficient designs, fuels the demand for advanced composite materials.
Carbon fiber and glass fiber composites, reinforced with specialized resins, enable automakers to significantly cut vehicle weight while maintaining safety and durability. The resulting efficiency gains translate into longer driving ranges and lower emissions across the EV lifecycle.
Asia-Pacific currently leads the market, driven by large-scale manufacturing and R&D investment in China, Japan, and South Korea. Meanwhile, Europe and North America are focusing on recyclable thermoplastic composites and bio-based resins to enhance sustainability.
Despite challenges such as high production costs and recycling complexity, the report forecasts a steady rise in adoption as automation and material innovation make composites more affordable and eco-friendly.
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07 November 2025
