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The Australia automotive composites market size reached USD 89.27 million in 2023. The market is expected to grow at a CAGR of 5.96% between 2024 and 2032, reaching USD 149.92 million by 2032.
Compression molding enhances the Australia automotive composites market growth by enabling high-volume production that run through a consistent and efficient manufacturing process
Compression molding proves cost-effective for large, straightforward automotive components, boasting lower tooling costs. Ideal for sizable parts such as panels and hoods, this method facilitates efficient, high-volume production with quicker cycle times. Its adaptability to materials like SMC and BMC guarantees both production flexibility and efficiency.
Injection molding specializes in creating intricate, precise shapes for automotive elements like dashboards. It minimises material wastage, yielding high-strength, lightweight components crucial for optimal performance. Automation further enhances production efficiency, while its aptness for rapid prototyping ensures the swift development of intricate geometries.
In November 2023, Henkel and Carbon Revolution, an Australian trailblazer in one-piece carbon composite wheels, entered into a material supply agreement. Henkel's Melbourne facility now hosts exclusive production setups for these lightweight wheels, which offer car manufacturers a 40–50% weight reduction compared to aluminium, aligning with the industry's pursuit of lightweight alternatives.
Australia Automotive Composites Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Resin Type
Market Breakup by Manufacturing Process
Market Breakup by Fiber Type
Market Breakup by Vehicle Type
Market Breakup by Application
Market Breakup by Region
The Australia automotive composites market key players are Exel Composites Plc, Craft Fibreglass Composites Pty Ltd., Mitsubishi Chemical Carbon Fiber and Composites, Inc., and Quickstep among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Resin Type |
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Breakup by Manufacturing Process |
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Breakup by Fiber Type |
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Breakup by Vehicle type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Automotive Composites Market Overview
8.1 Key Industry Highlights
8.2 Australia Automotive Composites Historical Market (2018-2023)
8.3 Australia Automotive Composites Market Forecast (2024-2032)
9 Australia Automotive Composites Market by Resin Type
9.1 PP Composites
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 PBT Composites
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Others
10 Australia Automotive Composites Market by Manufacturing Process
10.1 Compression Molding
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Injection Molding
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Resin Transfer Molding
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Sheet Molding
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Australia Automotive Composites Market by Fiber Type
11.1 Glass Fiber Composites
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aramid Fiber Composites
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Carbon Fiber Composites
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Natural Fiber Composites
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Australia Automotive Composites Market by Vehicle type
12.1 Passenger Cars
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 LCVs
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 HCVs
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Australia Automotive Composites Market by Application
13.1 Interior
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Exterior
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Power Chain System
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Chassis
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Engine Components
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Australia Automotive Composites Market by Region
14.1 New South Wales
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Victoria
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Queensland
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Australian Capital Territory
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Western Australia
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicator for Demand
15.4 Key Indicator for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Exel Composites Plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Craft Fibreglass Composites Pty Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Mitsubishi Chemical Carbon Fiber and Composites, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Quickstep
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Automotive Composites Market: Key Industry Highlights, 2018 and 2032
2. Australia Automotive Composites Historical Market: Breakup by Resin Type (USD Million), 2018-2023
3. Australia Automotive Composites Market Forecast: Breakup by Resin Type (USD Million), 2024-2032
4. Australia Automotive Composites Historical Market: Breakup by Manufacturing Process (USD Million), 2018-2023
5. Australia Automotive Composites Market Forecast: Breakup by Manufacturing Process (USD Million), 2024-2032
6. Australia Automotive Composites Historical Market: Breakup by Fiber Type (USD Million), 2018-2023
7. Australia Automotive Composites Market Forecast: Breakup by Fiber Type (USD Million), 2024-2032
8. Australia Automotive Composites Historical Market: Breakup by Vehicle type (USD Million), 2018-2023
9. Australia Automotive Composites Market Forecast: Breakup by Vehicle type (USD Million), 2024-2032
10. Australia Automotive Composites Market Forecast: Breakup by Application (USD Million), 2024-2032
11. Australia Automotive Composites Historical Market: Breakup by Application (USD Million), 2018-2023
12. Australia Automotive Composites Historical Market: Breakup by Region (USD Million), 2018-2023
13. Australia Automotive Composites Market Forecast: Breakup by Region (USD Million), 2024-2032
14. Australia Automotive Composites Market Structure
The market was valued at USD 89.27 million in 2023.
The market is projected to grow at a CAGR of 5.96% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 149.92 million in 2032.
The automotive composites market is categorised according to resin type, which includes PP composites, PBT composites and others.
The key players are Exel Composites Plc, Craft Fibreglass Composites Pty Ltd., Mitsubishi Chemical Carbon Fiber and Composites, Inc., and Quickstep among others.
Based on the application, the market is divided into interior, exterior, power chain system, chassis, engine components and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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