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Africa Automotive Composites Market Business Strategy, Development Status, Emerging Technologies, Future Plans and Trends (2025-2031)

user image 2025-05-30
By: dineshrawat123
Posted in: Business Opportunities

The Africa Automotive Composites Market size is expected to reach US$ 152.22 million by 2031 from US$ 78.79 million in 2024. The market is estimated to record a CAGR of 10.2% from 2025 to 2031.

 

Executive Summary and Africa Automotive Composites Market Analysis

Africa's automotive composites market is experiencing rapid growth, driven by the increasing need for lighter, more durable, and fuel-efficient vehicles. Composites like fiberglass, carbon fiber, and natural fiber materials are becoming more common in vehicle manufacturing across the region. This adoption is fueled by automakers' efforts to meet global sustainability standards, particularly with the rise of electric vehicles (EVs) and the push to reduce carbon footprints. Composites significantly reduce vehicle weight, improving energy efficiency. This trend is expected to intensify as African governments and businesses increasingly adopt environmentally conscious policies.

 

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Africa Automotive Composites Market Outlook

The number of automotive manufacturers establishing operations in key African markets such as South Africa, Nigeria, Egypt, and Morocco is on the rise. South Africa, a major automotive hub, has attracted international automakers and boosted local production, leading to increased demand for high-performance materials like composites. Additionally, as the middle class grows and consumers seek affordable yet high-quality vehicles, automakers are using composites to enhance both performance and aesthetics. Natural fibers, sourced locally from agriculture (e.g., hemp, jute, sisal), offer a sustainable and cost-effective alternative to synthetic composites. This not only promotes an environmentally friendly automotive industry but also creates economic opportunities for local agricultural sectors. The future of Africa's automotive composites market looks promising, with demand for advanced materials set to grow alongside the region's expanding automotive industry and evolving sustainability objectives.

 

Africa Automotive Composites Market Segmentation

Africa Automotive Composites Market By Fiber Type

  • Glass Fiber Composites
  • Carbon Fiber Composites

Africa Automotive Composites Market By Resin Type

  • Thermoset
  • Thermoplastics

Africa Automotive Composites Market By Technology

  • Pultrusion
  • Injection Molding
  • Compression Molding

Africa Automotive Composites Market By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
  • Two Wheelers

Africa Automotive Composites Market Regions and Countries Covered   

Africa

  • South Africa
  • Egypt
  • Algeria
  • Nigeria

Africa Automotive Composites Market - Market leaders and key company profiles         

  • Gurit Holdings AG
  • Hexcel Corp
  • Mitsubhishi Chemical Group
  • SGL Carbon SE
  • Solvay SA
  • Teijin Ltd
  • DuPont de Numours Inc
  • Toray Industries
  • Atlas Fibre
  • Elaghmore Advisor LLP

 

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