April 2025
Senior Research Analyst
Reviewed By
The advanced automotive materials market is projected to reach USD 114.69 billion by 2034, growing from USD 76.78 billion in 2025, at a CAGR of 4.56% during the forecast period from 2025 to 2034.
The advanced automotive materials market is a crucial branch of the automotive industry. This industry deals in manufacturing and distribution of advanced materials for the automotive sector. There are various types of materials used in this sector consisting of metals, plastics, composites, ceramics and some others. These materials find several applications in automotive sector comprising of structural components, body panels, interior components, electrical components and some others. It is designed for different types of vehicles consisting of passenger cars, light commercial vehicles, heavy commercial vehicles and some others. The growing sales of hybrid vehicles in different parts of the world is crucial for the market expansion. This market is expected to rise significantly with the growth of the advanced materials industry across the globe.
Metric | Details |
Market Size in 2024 | USD 73.43 Billion |
Projected Market Size in 2034 | USD 114.69 Billion |
CAGR (2025 - 2034) | 4.56% |
Leading Region | Asia Pacific |
Market Segmentation | By Material Type, By Application, By End Use Vehicle Type, By Manufacturing Process and By Region |
Top Key Players | Johnson Controls, Momentive, AkzoNobel, Covestro, DuPont, BASF, DSM |
In June 2023, Tim Robathan, the CEO of Dash announced that, “The TR01 chassis opens new possibilities for niche automotive manufacturers, and larger international OEMs by offering an affordable, versatile, lightweight, and high-stiffness carbon [fiber] monocoque chassis, these programs are often expensive and the ability to use a production carbon monocoque is a huge time and cost saving, without compromising performance.”
Asia Pacific held the largest share of the advanced automotive materials market. The growth of this region is attributed to the growing sales of automotives. Also, the abundance of raw materials used for designing automotive parts along with availability of skilled labor at cheap price has played a positive role in shaping the industry. Moreover, the presence of several market players such as LG Chem, Toray Industries, Samsung and some others has driven the market growth in this region.
The advanced automotive materials market is a highly fragmented industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Trelleborg, Johnson Controls, Momentive, AkzoNobel, Covestro, DuPont, BASF, DSM, SABIC, Solvay, 3M, Continental, Kraton, Toray Industries, LG Chem and some others. These companies are constantly engaged in developing advanced materials for the automotive sector and adopting numerous strategies to maintain their dominance in this industry.
By Material Type
By Application
By End Use Vehicle Type
By Manufacturing Process
By Region
April 2025
April 2025
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Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.
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