The Automotive Glass Fiber Composites Market report segments the industry into Intermediate Type (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), Other Intermediate Types), Application (Interiors, Exteriors, Structural Assembly, Power-train Components, Others), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).

The Global Automotive Glass Fiber Composites Market was valued at USD 9.9 Billion in 2024 and is expected to reach USD 12.3 Billion by 2030 with a CAGR of 4.3%.

The UK automotive glass fiber composites market is experiencing robust growth, driven by the increasing demand for lightweight yet strong materials in vehicle manufacturing. The global market's 3.80% CAGR suggests a similar, if not slightly higher, growth rate for the UK, considering the country's advanced automotive industry and commitment to fuel efficiency. This growth is fueled by several key factors: the stringent fuel economy regulations pushing automakers to adopt lighter materials, the rising adoption of electric vehicles (EVs) which benefit significantly from weight reduction, and the increasing use of composites in various automotive parts, such as interior panels, exterior body components, and structural assemblies. The short fiber thermoplastic (SFT) segment likely holds the largest market share currently, due to its cost-effectiveness and ease of processing. However, long fiber thermoplastic (LFT) and continuous fiber thermoplastic (CFT) segments are expected to witness significant growth in the forecast period (2025-2033) due to their superior mechanical properties. The market's growth is not without challenges. High raw material costs, complex manufacturing processes, and potential supply chain disruptions pose significant restraints. Furthermore, competition from alternative lightweight materials like aluminum and carbon fiber could impact market growth. However, ongoing research and development focusing on improving the cost-effectiveness and processing efficiency of glass fiber composites will mitigate these challenges. Key players in the UK market are likely subsidiaries or distributors of the global companies listed, leveraging their expertise and established supply chains. The regional distribution within the UK market will likely mirror broader European trends, with manufacturing hubs and automotive production centers driving higher demand. The forecast period (2025-2033) shows strong potential for continued growth, driven by technological advancements, stricter emission standards, and the increasing adoption of lightweighting strategies across the UK automotive sector. Notable trends are: Increasing Adoption of Glass Fiber Composites in Automobiles.

US Automotive Glass Fiber Composites Market size was valued at USD 2.3 Billion in 2024 and is expected to reach USD 4.2 Billion by 2032, growing at a CAGR of 8.0% from 2026 to 2032.

Key Market Drivers

Automotive Lightweight Material Innovation: Automotive lightweight material innovation will propel the US Automotive Glass Fibre Composites industry. The increased need for fuel-efficient, high-performance automobiles is driving manufacturers to use lightweight materials such as glass fiber composites.

The Russia automotive glass fiber composites market, while exhibiting a moderate Compound Annual Growth Rate (CAGR) of 3.50%, presents a compelling investment opportunity driven by the increasing demand for lightweight vehicles and the rising adoption of fuel-efficient technologies within the Russian automotive industry. The market's segmentation reveals a strong preference for short fiber thermoplastic (SFT) composites, reflecting cost-effectiveness and ease of processing. However, the longer-term growth will likely be fueled by the increasing uptake of long fiber thermoplastic (LFT) and continuous fiber thermoplastic (CFT) composites, offering superior mechanical properties and enabling the development of more advanced automotive components. Key application areas include interior and exterior parts, structural assemblies, and powertrain components, with the structural assembly segment expected to witness significant growth due to its contribution to improved vehicle safety and fuel efficiency. Major players like Solvay Group, Asahi Fiber Glass Co. Ltd., and Nippon Sheet Glass Company Limited are well-positioned to capitalize on this growth, leveraging their established presence and technological expertise. While geopolitical factors and economic fluctuations in Russia may present challenges, the long-term outlook remains positive, driven by government initiatives promoting domestic automotive manufacturing and a growing consumer preference for technologically advanced vehicles. The market's historical period (2019-2024) likely saw fluctuating growth rates depending on economic conditions and government policies influencing the automotive sector. The base year of 2025 provides a stable point for future projections. Considering the 3.5% CAGR and a plausible starting market size (let's assume a 2025 market size of 150 million USD based on similar markets and growth rates), the market is poised for consistent growth throughout the forecast period (2025-2033). The continued investment in automotive infrastructure and technological advancements will be crucial drivers of growth. Competitive landscape analysis indicates a mixture of both international and domestic players, reflecting the evolving nature of the Russian automotive industry and the opportunities presented by this burgeoning market segment. The market's success hinges on consistent innovation, strategic partnerships, and adaptability to the unique challenges and opportunities of the Russian market. This report provides a detailed analysis of the Russia automotive glass fiber composites market, offering invaluable insights for stakeholders across the automotive and materials sectors. The study covers the period from 2019 to 2033, with a focus on the forecast period from 2025 to 2033 and a base year of 2025. The market is segmented by intermediate type (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), Others), application type (Interior, Exterior, Structural Assembly, Powertrain Components, Others), and key players including Solvay Group, ASAHI FIBER GLASS Co Ltd, Nippon Sheet Glass Company Limited, Owens Corning, Jiangsu Changhai Composite Material, 3B (Braj Binani Group), Veplas Group, and SAERTEX GmbH & Co KG. The report's findings are crucial for understanding market dynamics, identifying growth opportunities, and making informed business decisions within this rapidly evolving sector. Key drivers for this market are: Rise in Tourism Across Activities the Country. Potential restraints include: Hike In Fuel Prices To Restrict The Market Growth. Notable trends are: Increasing Adoption of Glass Fiber Composites in Automobiles.

The North America Automotive Glass Fiber Composites market size is USD 2.46 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030.

The Canada automotive glass fiber composites market is experiencing robust growth, driven by increasing demand for lightweight and fuel-efficient vehicles. The market's expansion is fueled by several key factors. Firstly, stringent government regulations aimed at reducing carbon emissions are compelling automakers to adopt lightweight materials like glass fiber composites, leading to increased vehicle fuel efficiency. Secondly, the growing popularity of electric vehicles (EVs) further boosts demand, as glass fiber composites offer superior performance in battery enclosures and other EV components. This trend is reflected in the market's compound annual growth rate (CAGR) exceeding 3.00%, indicating a consistently expanding market size. Segmentation analysis reveals that the short fiber thermoplastic (SFT) segment currently holds the largest market share due to its cost-effectiveness and ease of processing. However, the long fiber thermoplastic (LFT) and continuous fiber thermoplastic (CFT) segments are projected to witness significant growth in the coming years, driven by their superior mechanical properties and performance in demanding applications. In terms of application, the structural assembly segment is a major driver, followed by the powertrain components segment, reflecting the increasing use of glass fiber composites in critical vehicle systems. Key players like Solvay Group, Owens Corning, and Asahi Fiber Glass are investing heavily in research and development, driving innovation and improving the performance of glass fiber composites for automotive applications. The forecast period (2025-2033) anticipates continued market expansion, largely influenced by technological advancements and the ongoing shift towards sustainable transportation solutions. While challenges exist, such as the relatively higher cost of advanced composites compared to traditional materials, continuous innovation in manufacturing processes and materials science is mitigating these concerns. The Canadian automotive industry's commitment to sustainability and its integration into the broader North American automotive supply chain further contributes to the market's promising future. The market is expected to see gradual shifts in segment dominance as LFT and CFT technologies mature and become more cost-competitive. This growth will be geographically concentrated in regions with a strong automotive manufacturing presence within Canada, attracting further investment and innovation in the glass fiber composites sector. Notable trends are: Increasing Adoption of Glass Fiber Composites in Automobiles.

The Europe Automotive Glass Fiber Composites market size is USD 3.12 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030.

Stay updated with Market Research Intellect's Automotive Glass Fiber Composites Market Report, valued at USD 4.2 billion in 2024, projected to reach USD 7.5 billion by 2033 with a CAGR of 8.3% (2026-2033).

The Report Covers Glass Fiber Manufacturers in India and the Market is Segmented by Intermediate Type (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Continuous Fiber Thermoplastic (CFT), and Other Intermediate Types), Application Type (Interior, Exterior, Structural Assembly, Power-Train Components, and Other Application Types) and Geography.

The Asia Pacific Automotive Glass Fiber Composites market size is USD 2.05 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.0% from 2023 to 2030.

Automotive Glass Fiber Composites Market Outlook

According to our latest research, the automotive glass fiber composites market size reached USD 7.4 billion in 2024 globally. The market is demonstrating robust momentum, propelled by surging demand for lightweight and high-performance materials in the automotive sector. The market is projected to advance at a CAGR of 6.8% from 2025 to 2033, reaching an anticipated value of USD 13.1 billion by 2033. This strong growth trajectory is primarily driven by the automotive industry’s ongoing focus on fuel efficiency, stringent emission regulations, and the need for enhanced vehicle safety and performance, as identified in our comprehensive study.

One of the primary growth factors fueling the automotive glass fiber composites market is the increasing emphasis on vehicle weight reduction to improve fuel economy and reduce carbon emissions. Automakers are under mounting pressure to comply with global emission standards, which has accelerated the adoption of lightweight materials such as glass fiber composites. These composites offer a superior strength-to-weight ratio, enabling the production of lighter vehicles without compromising structural integrity or safety. As a result, manufacturers are increasingly integrating glass fiber composites into both structural and non-structural automotive components, ranging from body panels and underbody shields to interior trims and engine covers. The trend toward electric vehicles (EVs) is further intensifying the demand for lightweight materials, as reducing vehicle mass is critical for maximizing battery efficiency and driving range.

Technological advancements in composite manufacturing processes are also significantly contributing to market growth. Innovations such as improved resin systems, advanced molding techniques, and automation have enhanced the performance characteristics and cost-effectiveness of glass fiber composites. These advancements have enabled faster production cycles, higher precision, and greater design flexibility, making glass fiber composites more accessible for mass-market automotive applications. Additionally, the development of hybrid composite materials—combining glass fibers with other reinforcements—has expanded the range of applications and performance attributes, further driving market adoption. The increasing collaboration between automakers and composite material suppliers is fostering innovation and accelerating the commercialization of next-generation glass fiber composite solutions.

Another critical driver is the growing consumer demand for vehicles that offer improved safety, comfort, and aesthetics. Glass fiber composites provide excellent impact resistance, corrosion protection, and design versatility, making them ideal for manufacturing both exterior and interior automotive components. The ability to mold complex shapes and integrate multiple functions into a single component is a significant advantage, enabling automakers to develop vehicles with enhanced styling and ergonomic features. As the automotive market becomes increasingly competitive, manufacturers are leveraging glass fiber composites to differentiate their products and meet evolving consumer expectations for quality, reliability, and performance.

From a regional perspective, the Asia Pacific region is emerging as the dominant market for automotive glass fiber composites, driven by the rapid expansion of the automotive industry in countries such as China, India, and Japan. The region’s strong manufacturing base, favorable government policies, and rising consumer demand for advanced vehicles are fueling market growth. North America and Europe are also significant markets, characterized by a high level of technological innovation, stringent regulatory standards, and a strong focus on sustainability. Meanwhile, Latin America and the Middle East & Africa are experiencing steady growth, supported by increasing vehicle production and infrastructure development. Each region presents unique opportunities and challenges, shaping the global dynamics of the automotive glass fiber composites market.

The Middle East and Africa Automotive Glass Fiber Composites market size is USD 0.16 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.0% from 2023 to 2030.

Automotive Glass Fiber Composites Market Outlook

The global automotive glass fiber composites market size was valued at approximately USD 4.5 billion in 2023 and is projected to reach USD 9.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period. This remarkable growth is primarily driven by the increasing demand for lightweight and high-strength materials in the automotive industry, as manufacturers aim to enhance fuel efficiency and reduce emissions. The growth is further supported by the burgeoning advancements in manufacturing technologies that enable the production of complex composite structures with improved performance characteristics. Additionally, the stringent regulatory mandates for emission reduction across the globe continue to propel the demand for automotive glass fiber composites.

One of the most significant growth factors in the automotive glass fiber composites market is the industry's continuous push towards vehicle weight reduction without compromising structural integrity. With global automotive manufacturers facing mounting pressure to meet carbon emission targets set by various governments, the adoption of glass fiber composites provides a viable solution. These composites, due to their excellent mechanical properties, offer a substantial weight reduction compared to their metal counterparts, which translates to improved fuel efficiency and reduced carbon emissions. Furthermore, as the automotive industry shifts towards electric mobility, the need for lightweight materials becomes even more pronounced, given the necessity to enhance range efficiency in electric vehicles.

The expansion of the electric vehicle (EV) market serves as another pivotal growth factor for automotive glass fiber composites. As the demand for EVs surges globally, with an estimated CAGR exceeding 20% over the next decade, manufacturers are increasingly focusing on materials that can provide the necessary structural strength while maintaining a low weight profile. Glass fiber composites fit this requirement perfectly, offering high strength-to-weight ratios that contribute to overall vehicle energy efficiency. Additionally, the increased use of these composites in battery casings and body panels of EVs highlights their importance in future automotive designs, further solidifying their market position.

Technological advancements within the manufacturing process of glass fiber composites are also spurring market growth. Innovations in molding technologies, such as advanced forms of compression and injection molding, have streamlined the production processes, reducing costs and enhancing the quality of the composites. This evolution in manufacturing techniques enables the production of more complex and robust composite structures that can withstand higher stress loads and deliver superior performance in various automotive applications. Moreover, these advancements have made it feasible for manufacturers to scale up production, thus meeting the growing demands of the automotive industry more effectively.

Automotive Low Melting Fiber is emerging as a crucial component in the automotive industry, particularly in the production of non-woven fabrics used for interior applications. These fibers are designed to melt at lower temperatures, which allows them to bond with other fibers without the need for additional adhesives. This characteristic is particularly beneficial in automotive applications where weight reduction and recyclability are key concerns. By integrating Automotive Low Melting Fiber into vehicle interiors, manufacturers can achieve enhanced acoustic insulation and thermal management, contributing to improved passenger comfort. Furthermore, the use of these fibers aligns with the industry's push towards sustainable materials, as they can be easily recycled and reused in various applications, reducing overall environmental impact.

From a regional perspective, the Asia Pacific region is poised to dominate the automotive glass fiber composites market, driven by the robust growth of its automotive industry and significant investments in electric vehicle production. North America and Europe also represent substantial markets, supported by strong regulatory frameworks favoring emissions reduction and fuel efficiency. Meanwhile, the Middle East & Africa and Latin America are anticipated to witness moderate growth, as infrastructure developments and automotive investments in these regions are gradually increasing. As the global automotive landscape continues to evolve, regi

According to Cognitive Market Research, The Global Automotive Glass Fiber Composites market size is USD 8.2 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030.

The demand for Automotive Glass Fiber Composites is rising due to the desire for Lightweight Materials in the manufacture of automobiles,=.
Demand for non-electric remains higher in the Automotive Glass Fiber Composites market.
The Glass Fiber category held the highest Automotive Glass Fiber Composites market revenue share in 2023.
European Automotive Glass Fiber Composites will continue to lead, whereas the North American Automotive Glass Fiber Composites market will experience the most substantial growth until 2030.

Increase in Demand for Automobiles to Provide Viable Market Output

Despite the fact that automobiles have been around for over a century, their materials have mostly stayed same. Only in the last few decades have sophisticated materials such as magnesium alloys and glass fiber composites found their way into new-generation automobiles. The use of innovative composite versions can greatly increase vehicle lightweight, affordability, sustainability, and crashworthiness. Composite materials reduce vehicle component weight, resulting in better fuel economy and fewer emissions. Composite materials beat conventional materials in terms of safety, comfort, and vehicle performance due to their superior mechanical qualities.Advanced materials, such as glass fiber composites, are critical for increasing modern automotive fuel economy while preserving performance and safety.

Virtual Network to Fully Utilize Composites to Propel Market Growth

The automobile composites business has an undeniably bright future. With upcoming advances in technology and manufacturing processes, raw materials, composite materials can be employed in an increasing number of components, replacing steel and aluminum. To perform the research efficiently, a virtual network of automotive composites producers and researchers has been established. Simultaneously, the virtual network will bring together all industry specialists, assisting in bringing all aspects of the automotive composites value chain together in order to propel the industry and material into popular acceptability.

Market Dynamics of the Automotive Glass Fiber Composites

Absence of Industry Standardization and the High Cost of Composites to Restrict Market Growth

Due to the lack of industry standardization and the high cost of composites, the automotive glass fiber composites market faces challenges. The absence of standardized manufacturing procedures impedes seamless integration throughout the automotive industry, limiting wider adoption. Furthermore, the high production costs of glass fiber composites act as a deterrent, restricting their utilization in mainstream automobile applications. Addressing these problems is critical for unleashing the full potential of automotive glass fiber composites and assuring their wider acceptance in the construction of lightweight and fuel-efficient automobiles as the industry seeks cost-effective and standardized solutions.

Impact of COVID-19 on the Automotive Glass Fiber Composites Market

The COVID-19 epidemic has a considerable impact on the market for automotive glass fiber composites. Supply chain interruptions and lockdowns caused a short halt in vehicle manufacturing. Reduced manufacturing volumes, along with economic uncertainty, hampered the automotive sector's demand for glass fiber composites. However, as the industry adjusted to new standards and consumer preferences for lighter, more fuel-efficient vehicles remained, the market recovered. Post-pandemic recovery efforts, a greater emphasis on sustainability, and a growing trend toward electric vehicles all contributed to a rebound of demand for Automotive Glass Fiber Composites, with potential for innovation and market expansion continuing. Introduction of the Automotive Glass Fiber Composites Market

Automotive composites are a great alternative for parts like as body panels, engine parts, and suspension components due to their robust mechanical qualities and high strength-to-weight ratio. The use of composites in automobile construction can dramatically reduce overall vehicle weight, improving performance, cutting carbon emissions, and enhancing fuel efficiency.The increasing emphasis on red...

The automotive glass fiber composite market is poised to witness substantial growth over the forecast period, expanding at a CAGR of 5.63% from 2025 to 2033. Valued at USD 674.52 million in 2025, the market is anticipated to reach USD 1,044.93 million by 2033. Key factors driving this growth include the increasing demand for lightweight and fuel-efficient vehicles, stringent emission regulations, and advancements in composite manufacturing technologies. Additionally, the growing adoption of glass fiber composites in structural components, interior components, and exterior components is expected to further boost market growth. Regional analysis reveals that Asia Pacific is projected to dominate the automotive glass fiber composite market throughout the forecast period, driven by the presence of major automotive manufacturing hubs in China, India, and Japan. The region is also witnessing a growing demand for lightweight and fuel-efficient vehicles, which is fueling the adoption of glass fiber composites. North America and Europe are expected to follow Asia Pacific in terms of market size, with the growing demand for electric vehicles and the presence of established automotive industries in these regions contributing to growth. The Automotive Glass Fiber Composite Market is a rapidly growing market that is expected to reach $XX billion by 2027. The market is driven by the increasing demand for lightweight materials that enhance fuel efficiency and reduce emissions in vehicles. Recent developments include: The Automotive Glass Fiber Composite Market has seen several key developments recently, with significant growth being driven by increasing demand for lightweight materials that enhance fuel efficiency and reduce emissions in vehicles., Companies like Hexcel Corporation and BASF have been expanding their product lines, focusing on innovative composite solutions tailored for the automotive sector. Formosa Plastics Corporation and Jushi Group are also actively upgrading their manufacturing capabilities to meet rising industry standards., In terms of mergers and acquisitions, recent activities have been noted among major players; for instance, SGL Carbon is exploring strategic partnerships to enhance its technological advancements in composite materials, which is expected to bolster its market position., Additionally, TE Connectivity has announced intentions to acquire specific technologies that will augment its existing portfolio of composites. The valuation of companies in this market is on the rise, propelled by an increasing emphasis on sustainable automotive solutions, suggesting a positive trajectory for market growth and investment opportunities, thus shaping the future of automotive manufacturing.. Key drivers for this market are: Increased demand for lightweight materials, Growing electric vehicle production; Enhanced fuel efficiency regulations; Advancements in composite manufacturing technologies; Rising consumer preference for durable materials. Potential restraints include: increasing lightweight vehicle demand, rising fuel efficiency regulations; growing electric vehicle production; advancements in manufacturing technologies; environmental sustainability concerns.

Learn more about Market Research Intellect's Automotive Long Glass Fiber Composites Market Report, valued at USD 1.2 billion in 2024, and set to grow to USD 2.5 billion by 2033 with a CAGR of 10.5% (2026-2033).

The India Automotive Glass Fiber Composites report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.

Africa & Middle-East Automotive Glass Fiber Polymer Market Report Analyzes the Glass Fiber Composites Market, Glass Fiber Automotive Structural Assembly Market and Trends, Automotive Exterior Glass Fiber Composites Forecasts and the Current Market Scenario for the Hand Layup Glass Fiber Polymer Composites Etc.

The automotive glass fiber composites market is experiencing robust growth, driven by the increasing demand for lightweight vehicles to improve fuel efficiency and reduce emissions. A CAGR exceeding 5.50% indicates a significant expansion, projected to reach substantial market value over the forecast period (2025-2033). The rising adoption of electric and hybrid vehicles further fuels this growth, as these vehicles require lightweight materials to extend their range. Key market segments include short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), and continuous fiber thermoplastic (CFT) composites, each catering to specific automotive applications. While SFT offers cost-effectiveness for interior and exterior components, LFT and CFT provide superior strength and are increasingly preferred for structural assembly and powertrain components. The market is geographically diverse, with North America and Europe holding significant shares currently, but the Asia-Pacific region is projected to experience the fastest growth due to the burgeoning automotive industry in countries like China and India. Leading players like Solvay Group, 3B (Braj Binani Group), and Owens Corning are actively investing in R&D and expanding their product portfolios to capitalize on this expanding market. Challenges include fluctuating raw material prices and the need for consistent quality control throughout the manufacturing process. However, ongoing technological advancements in composite materials and manufacturing techniques are expected to mitigate these challenges and propel market expansion. The market's growth trajectory is influenced by several factors, including stringent government regulations promoting fuel efficiency, the increasing preference for advanced driver-assistance systems (ADAS) requiring lightweight yet robust components, and the growing adoption of design innovations prioritizing lightweighting. The continuous development of high-performance glass fiber composites with enhanced mechanical properties is also driving adoption. Competitive pressures among manufacturers are pushing for innovation, leading to the development of cost-effective and high-performance materials. The market segmentation by application type (interiors, exteriors, structural assembly, powertrain components) reflects the versatility of glass fiber composites in automotive manufacturing. Future growth will be significantly influenced by advancements in material science, improved manufacturing processes, and the wider adoption of sustainable manufacturing practices. The forecast period suggests a promising outlook for the automotive glass fiber composites market, with substantial opportunities for growth and innovation. Recent developments include: November 2022: Solvay and Orbia announced a framework agreement for a joint venture to produce battery materials creating the largest capacity in North America. The total investment is estimated to be around USD 850 million, partially funded by a USD 178 million grant from the US Department of Energy to Solvay to build a facility in Augusta, Georgia. Solvay and Orbia intend to use two production sites in the southeastern United States, one for raw materials and the other for finished goods. Both plants will be fully operational by 2026., October 2022: Solvay has introduced the SolvaLite SF200 surfacing film, a light tack film for paintable 'Class A' body panels. From October 17 to 20, 2022, the new product was officially introduced at the Composite and Advanced Materials Expo (CAMX) in Anaheim, California. SolvaLite SF200 is designed for large body panels on premium sports and other high-end vehicles. It is an addition to Solvay's new SolvaLite 714 Prepregs, which are available in various unidirectional carbon fiber reinforced and woven-fabric formats for automotive and high-volume press-cure applications., February 2022: Teijin Automotive Technologies announced the commencement of commercial operation of its new manufacturing facility in Wujin National Hi-Tech Industrial Zone, China. The company also unveiled the construction of its third plant in China, in Shenyang, to cater to the surging demand for electric vehicles.. Notable trends are: Increasing Adoption of Glass Fiber Composites in Automobiles.