The global Automotive Short Glass Fiber Reinforced Plastic (SGFRP) Market continues to demonstrate strong growth, with its valuation reaching USD 5.6 billion in 2024. According to the latest industry analysis, the market is projected to grow at a CAGR of 5.7%, reaching approximately USD 8.7 billion by 2032. This growth is largely fueled by increasing applications in vehicle lightweighting, particularly in emerging economies where demand for fuel-efficient, durable, and high-performance materials continues to rise.
Short glass fiber reinforced plastics are integral to the production of automotive components such as under-the-hood parts, interior trim, and structural elements. Their versatility and cost-effectiveness make them highly desirable in industries transitioning toward electric vehicles and sustainable manufacturing. As thermoplastic composites and recycled materials gain prominence, manufacturers and regulatory bodies are increasingly supporting innovation and circular economy initiatives.
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/292888/automotive-short-glass-fiber-reinforced-plastic-market
Market Overview & Regional Analysis
Asia-Pacific dominates the global SGFRP market with a 45% consumption share, driven by strong automotive production in China, India, and Southeast Asia. The region benefits from rapid vehicle manufacturing expansion, urbanization, and government policies promoting lightweight materials, fueling demand for thermoplastics and thermosets in passenger and commercial vehicles.
North America’s growth is bolstered by advanced manufacturing infrastructure and increasing investments in EV composites. Europe leads with regulatory frameworks such as the EU’s End-of-Life Vehicle Directive mandating recyclability. Emerging regions like South America and the Middle East & Africa show promising growth potential, despite supply chain and infrastructure challenges.
Key Market Drivers and Opportunities
The market is driven by the global shift toward lightweighting in automotive design, rising demand in the EV sector, and technological advancements in fiber-matrix bonding. Interior components account for a significant portion of global demand, followed by body panels and under-the-hood parts. New applications in battery enclosures and chassis elements offer significant future opportunities.
Opportunities also lie in the development of thermoplastic SGFRP and the integration of hybrid systems in structural components. The Southeast Asian automotive market and Indian commercial vehicle sector present untapped potential for exporters.
Challenges & Restraints
The SGFRP market faces challenges including raw material price volatility, recycling difficulties, and rising environmental regulations. Overcapacity in certain regions continues to affect pricing, while supply chain disruptions limit material availability. Trade barriers, such as tariffs on imported fibers, pose further risks.
Market Segmentation by Type
- Thermosetting Type
- Thermoplastics Type
- Other
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/292888/automotive-short-glass-fiber-reinforced-plastic-market
Market Segmentation by Application
- Roof Panel
- Body Panels
- Interior Components
- Under-the-Hood Parts
- Others
Market Segmentation and Key Players
- SABIC
- Celanese Corporation
- Daicel Polymer Ltd.
- PolyOne Corporation
- Lotte Chemical
- Solvay S.A.
- BASF SE
- Lanxess AG
- RTP Company
- Owens Corning
- Hexcel Corporation
- Teijin Limited
- Mitsubishi Chemical Holdings
- DuPont de Nemours
- Arkema S.A.
Report Scope
This report presents a comprehensive analysis of the global and regional markets for Automotive Short Glass Fiber Reinforced Plastic, covering the period from 2024 to 2032. It includes detailed insights into the current market status and outlook across various regions and countries, with specific focus on:
-
Sales, sales volume, and revenue forecasts
-
Detailed segmentation by type and application
In addition, the report offers in-depth profiles of key industry players, including:
-
Company profiles
-
Product specifications
-
Production capacity and sales
-
Revenue, pricing, gross margins
-
Sales performance
It further examines the competitive landscape, highlighting the major vendors and identifying the critical factors expected to challenge market growth.
As part of this research, we surveyed Automotive Short Glass Fiber Reinforced Plastic companies and industry experts. The survey covered various aspects, including:
-
Revenue and demand trends
-
Product types and recent developments
-
Strategic plans and market drivers
-
Industry challenges, obstacles, and potential risks
Get Full Report Here: https://www.24chemicalresearch.com/reports/292888/automotive-short-glass-fiber-reinforced-plastic-market
About 24chemicalresearch
Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
- Plant-level capacity tracking
- Real-time price monitoring
- Techno-economic feasibility studies
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.
International: +1(332) 2424 294 | Asia: +91 9169162030
Website: https://www.24chemicalresearch.com/
Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch
- Segment Analysis of Anti-reflective Coating for Semiconductor Market: Types, Applications, and End-Users - September 25, 2025
- Top 10 Companies in the LDPE PCR Resin Industry (2025): Market Leaders Driving Sustainable Packaging Innovation - September 25, 2025
- Global Tinned Copper Foil Tape Market Research Report 2025(Status and Outlook) - September 25, 2025