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Australia Automotive Glass Fibre Composites Market Analysis: By Type: Short Fibre Thermoplastic, Long Fibre Thermoplastic, Continuous Fibre Thermoplastic, Others; By Application: Interior, Exterior, Power-train Components, Structural Assembly; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Australia Automotive Glass Fibre Composites Market Outlook
The Australia automotive glass fibre composites market size was valued at USD 158.15 million in 2023. The market is further projected to grow at a CAGR of 3.70% between 2024 and 2032, reaching a value of USD 221.2 million by 2032.
Key Takeaways
- Notable companies in the Australian automotive glass fibre composites market include ATL Composites, Australian Fibreglass Composites Pty.Ltd., Topstage Composites Pty Ltd., and Composite Materials Engineering Pty Ltd.
- Advanced materials, including glass fibre composites, have gained prominence in modern automobiles as these lightweight materials contribute to boosting fuel economy while maintaining performance and safety.
- Automotive glass fibre composites can result in 10% reduction in vehicle weight, which can lead to a 6-8% increase in fuel efficiency.
According to Australia glass fibre composites market analysis, the increasing demand for lightweight vehicles with improved performance is driving the adoption of glass fibre composites in the automotive industry. Moreover, the strict emission regulations and the need for fuel-efficient vehicles are driving the adoption of lightweight materials like glass fibre composites, which contribute to lower emissions.
The increasing production, demand, and sales of electric vehicles (EVs) is also contributing to the Australia glass fibre composites market growth as these materials are used in the production of EV batteries and other components. In 2023, a total of 87,217 electric vehicles were sold, representing 7.2% of the market.
Glass fibre composites are used in various interior automotive applications, such as door panels, dashboards, and seat structures. These composites are also used in exterior applications, such as body panels, hoods, and spoilers, to improve aerodynamics and reduce weight. Glass fibre composites are used in power-train components, such as engine and transmission components, to reduce weight and improve performance. Glass fibre composites are used in structural assembly applications, such as chassis and frame components, to improve strength and durability while reducing weight.
Market Segmentation
Australia Automotive Glass Fibre Composites Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Short Fibre Thermoplastic
- Long Fibre Thermoplastic
- Continuous Fibre Thermoplastic
- Others
Market Breakup by Application
- Interior
- Exterior
- Power-train Components
- Structural Assembly
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Market players are focused on manufacturing glass fibre composites for the automotive industry to facilitate efficient production of EVs and other vehicles.
- ATL Composites
- Australian Fibreglass Composites Pty.Ltd.
- Topstage Composites Pty Ltd.
- Composite Materials Engineering Pty Ltd.
- Craft Fibreglass Composites
- Others
Key Highlights of the Report
| 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:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 Glass Fibre Composites Market Overview
8.1 Key Industry Highlights
8.2 Australia Automotive Glass Fibre Composites Historical Market (2018-2023)
8.3 Australia Automotive Glass Fibre Composites Market Forecast (2024-2032)
9 Australia Automotive Glass Fibre Composites Market by Type
9.1 Short Fibre Thermoplastic
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Long Fibre Thermoplastic
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Continuous Fibre Thermoplastic
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Others
10 Australia Automotive Glass Fibre Composites Market by Application
10.1 Interior
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Exterior
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Power-train Components
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Structural Assembly
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Australia Automotive Glass Fibre Composites Market by Region
11.1 New South Wales
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Victoria
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Queensland
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Australian Capital Territory
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Western Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicator for Price
12.4 Key Indicator for Demand
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 ATL Composites
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Australian Fibreglass Composites Pty.Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Topstage Composites Pty Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Composite Materials Engineering Pty Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Craft Fibreglass Composites
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Automotive Glass Fibre Composites Market: Key Industry Highlights, 2018 and 2032
2. Australia Automotive Glass Fibre Composites Historical Market: Breakup by Type (USD Million), 2018-2023
3. Australia Automotive Glass Fibre Composites Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Australia Automotive Glass Fibre Composites Historical Market: Breakup by Application (USD Million), 2018-2023
5. Australia Automotive Glass Fibre Composites Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Australia Automotive Glass Fibre Composites Historical Market: Breakup by Region (USD Million), 2018-2023
7. Australia Automotive Glass Fibre Composites Market Forecast: Breakup by Region (USD Million), 2024-2032
8. Australia Automotive Glass Fibre Composites Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 158.15 million.
The market is expected to grow at a CAGR of 3.70% between 2024 and 2032.
The automotive glass fibre composites market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 221.2 million by 2032.
The market is being driven due to growing demand for light weight vehicles, increasing preference for fuel-efficient automobiles, and diverse applications of glass fibre composites.
Key trends aiding the market expansion are favourable government regulations, rising production of electric vehicles (EVs), and emergence of eco-friendly fibre composite materials.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of automotive glass fibre composites are interior, exterior, power-train components, and structural assembly.
Based on type, the market segmentations include short fibre thermoplastic, long fibre thermoplastic, and continuous fibre thermoplastic, among others.
Key players in the market are ATL Composites, Australian Fibreglass Composites Pty.Ltd., Topstage Composites Pty Ltd., Composite Materials Engineering Pty Ltd., and Craft Fibreglass Composites, among others.
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