The Global Automotive Thermoplastic Resin Composites Market was valued at USD 9.8 Billion in 2023 and is projected to reach USD 15.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2023–2030). This robust expansion is fueled by stringent global emission regulations, the automotive industry’s relentless pursuit of vehicle lightweighting to enhance fuel efficiency and EV range, and the superior performance characteristics of thermoplastics over traditional materials.

As the automotive sector accelerates its transition towards electrification and sustainability, the focus intensifies on advanced material suppliers enabling this transformation. In this blog, we profile the Top 10 Companies in the Automotive Thermoplastic Resin Composites Industry—a blend of chemical giants, specialized composite manufacturers, and material innovators shaping the future of lighter, stronger, and more efficient vehicles.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultramid® (PA), Ultradur® (PBT), Elastolit® (Polyurethane)

BASF is a global leader in chemical solutions, offering a comprehensive portfolio of high-performance thermoplastic composites for the automotive industry. Their materials are extensively used in under-the-hood components, interior trims, and structural parts, contributing significantly to vehicle weight reduction.

Innovation & Sustainability Initiatives:

• Development of bio-based and recycled content thermoplastics

• Advanced simulation tools for part design and optimization

• Strategic partnerships with OEMs for tailored material solutions

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9️⃣ 2. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: STAMAX® (LFT), ULTEM® (PEI), CYCOLOY® (PC/ABS)

SABIC is a key global supplier of engineered thermoplastics, with its STAMAX long-fiber reinforced polypropylene being a benchmark material for large, semi-structural components like front-end modules and door modules, enabling significant weight savings.

Innovation & Sustainability Initiatives:

• TRUCIRCLE™ portfolio for certified renewable and circular materials

• Focus on materials for battery enclosures and electric vehicle platforms

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8️⃣ 3. Lanxess AG

Headquarters: Cologne, Germany
Key Offering: Durethan® (PA), Pocan® (PBT)

Lanxess specializes in high-tech plastics, with its Durethan polyamides and Pocan polyesters being widely adopted for demanding automotive applications. The company excels in producing halogen-free flame-retardant compounds crucial for EV battery components.

Innovation & Sustainability Initiatives:

• Development of composite materials with recycled glass fibers

• Lightweighting solutions for electric and hybrid vehicle architectures

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7️⃣ 4. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Zytel® (PA), Crastin® (PBT), Vamac® (EA)

DuPont offers a renowned portfolio of engineering polymers that provide exceptional thermal, chemical, and mechanical properties. Their materials are critical for applications ranging from coolant circuits and air intake systems to electrical connectors in modern vehicles.

Innovation & Sustainability Initiatives:

• Investment in bio-derived and recyclable polymer technologies

• Advanced materials for thermal management in high-voltage EV systems

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6️⃣ 5. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Carbon Fiber Reinforced Thermoplastics (CFRTP), Composite Materials

SGL Carbon is a leading specialist in carbon-based solutions. Their carbon fiber reinforced thermoplastics offer an outstanding strength-to-weight ratio, making them ideal for high-performance applications like structural braces, battery cases, and interior panels in premium and electric vehicles.

Innovation & Sustainability Initiatives:

• Development of sustainable carbon fibers from renewable raw materials

• Joint development projects with automotive OEMs for serial production parts

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5️⃣ 6. Solvay S.A.

Headquarters: Brussels, Belgium
Key Offering: IXEF® (PARA), Amodel® (PPA), Ryton® (PPS)

Solvay is a global leader in advanced materials, providing high-performance thermoplastics that withstand extreme temperatures and harsh chemical environments. Their products are essential for engine components, fuel systems, and increasingly, electric vehicle powertrains.

Innovation & Sustainability Initiatives:

• Solef® PVDF and other materials for lithium-ion battery components

• Commitment to circular economy through recycling and bio-based alternatives

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4️⃣ 7. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Makrolon® (PC), Bayblend® (PC/ABS), Desmopan® (TPU)

Covestro produces high-quality polycarbonates, blends, and thermoplastic polyurethanes used extensively in automotive interiors, lighting systems, and exterior components. Their materials offer design freedom, durability, and weight savings.

Innovation & Sustainability Initiatives:

• Mass-balanced sustainable raw materials for carbon footprint reduction

• Development of glass-free surface solutions for interior applications

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Global and Regional Automotive Thermoplastic Resin CompositesMarket – View in Detailed Research Report

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3️⃣ 8. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Celanese® (POM), Fortron® (PPS), Vectra® (LCP)

Celanese is a leading global producer of engineered polymers. Its high-performance materials, such as PPS and LCP, are critical for applications requiring exceptional thermal stability, chemical resistance, and dimensional precision, such as sensors, connectors, and pumps.

Innovation & Sustainability Initiatives:

• Expansion of high-temperature polymer capacity to meet EV demand

• Focus on materials enabling miniaturization and integration of electronic components

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2️⃣ 9. Toray Industries, Inc.

Headquarters: Tokyo, Japan
Key Offering: Carbon Fiber, Torayca® Prepreg, Thermoplastic Composites

Toray is the world’s largest producer of carbon fibers, a fundamental reinforcement for high-end thermoplastic composites. Their advanced materials are pivotal in manufacturing lightweight body panels, chassis components, and pressure vessels for hydrogen storage in fuel cell vehicles.

Innovation & Sustainability Initiatives:

• Development of high-speed compression molding technologies for CFRTP

• Initiatives for carbon fiber recycling and lifecycle assessment

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1️⃣ 10. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: Xyron™ (PPE), Leona™ (PA66), Thermylene® (PP)

Asahi Kasei provides a diverse range of engineering plastics and compounded solutions. Their materials are known for excellent heat resistance, strength, and processability, making them suitable for under-hood components, electrical parts, and interior applications globally.

Innovation & Sustainability Initiatives:

• Advanced materials supporting the safety and performance of automotive electrification

• Development of flame-retardant grades for high-voltage battery systems

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Global and Regional Automotive Thermoplastic Resin CompositesMarket – View in Detailed Research Report

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🚗 Outlook: The Future of Automotive Composites Is Lighter and Smarter

The automotive thermoplastic resin composites market is undergoing a profound transformation. While metal replacement remains a primary driver, the industry is increasingly investing in multi-functional composites, integrated manufacturing processes, and sustainable material cycles to meet the demands of next-generation mobility.

📈 Key Trends Shaping the Market:

• Accelerated adoption of CFRTP for battery housings and structural components in Electric Vehicles (EVs)

• Growing demand for glass-free, aesthetic surface composites for premium interiors

• Rise of overmolding and hybrid composite-metal part designs for functional integration

• Increased regulatory and consumer pressure driving the development of bio-based and recyclable composites

The companies listed above are not only supplying advanced materials—they are enabling the lightweight revolution that is critical for the sustainable future of the automotive industry.

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Global and Regional Automotive Thermoplastic Resin CompositesMarket – View in Detailed Research Report