"The Global Composites Market was valued at USD 105.29 billion in 2025 and is projected to reach USD 237.58 billion by 2034, growing at a CAGR of 9.46%."
The composites market is a rapidly growing segment of the advanced materials industry, driven by the demand for lightweight, high-strength, and corrosion-resistant materials across diverse end-use sectors. Composites are engineered by combining two or more materials typically a reinforcement fiber such as glass, carbon, or aramid with a polymer, metal, or ceramic matrix to create a material with superior mechanical, thermal, and chemical properties. They are widely used in aerospace, automotive, wind energy, construction, marine, and sporting goods applications due to their performance advantages over conventional metals and plastics. The push for fuel efficiency, structural durability, and design flexibility is accelerating composite adoption in industries seeking to meet performance targets while reducing environmental impact.
North America and Europe are major markets for composites, benefiting from advanced manufacturing capabilities, strong aerospace and automotive industries, and technological leadership in high-performance materials. Asia-Pacific is experiencing the fastest growth, driven by industrial expansion, infrastructure development, and increasing investments in renewable energy, particularly wind power. Innovations in production techniques such as automated fiber placement, 3D printing, and resin transfer molding are improving manufacturing efficiency and reducing costs. However, high raw material costs, recycling challenges, and complex fabrication processes remain barriers to broader adoption. Overall, the composites market is poised for sustained growth, supported by expanding applications, material innovation, and the global shift toward lightweight and sustainable solutions.
Report Scope
| Parameter | Detail |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2034 |
| Market Size-Units | USD billion/Million |
| Market Splits Covered | By Product ,By Manufacturing Process ,By Resin Type ,By End-Use Industry |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization(up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Regional Insights
North America Composites Market
The North American composites market is growing steadily, driven by high demand from aerospace, automotive, construction, and renewable energy sectors. Aerospace applications remain a key revenue contributor, with composites widely used for lightweighting and fuel efficiency. The automotive industry is increasingly adopting composites for structural parts and electric vehicle components, benefiting from the region’s strong R&D capabilities and advanced manufacturing infrastructure. Opportunities lie in scaling production for high-volume automotive applications, expanding recycling solutions, and developing multifunctional composites that integrate sensors or thermal management features.
Asia Pacific Composites Market
Asia Pacific dominates global composites consumption and production, propelled by rapid industrialization, expanding transportation networks, and massive wind energy projects. China leads the region, with significant investments in carbon and glass fiber production to meet demand from automotive, aerospace, and infrastructure sectors. India and Southeast Asia are emerging as key growth hubs, supported by government infrastructure initiatives and manufacturing expansion. Regional opportunities include localized production of high-performance composites, cost-effective solutions for construction, and integration into fast-growing clean energy projects such as wind turbine blades.
Europe Composites Market
Europe’s composites market is mature and innovation-driven, with strong demand from aerospace, automotive, marine, and renewable energy sectors. Stringent environmental regulations are pushing manufacturers toward sustainable and recyclable composites, as well as bio-based resins and natural fibers. The automotive sector, particularly in Germany, France, and the UK, is investing in lightweight composite solutions to meet emissions targets. Opportunities exist in expanding composite applications in green construction, developing closed-loop recycling systems, and producing high-performance materials for advanced manufacturing and defense.
Key Market Insights
- Carbon fiber composites are gaining popularity in aerospace and automotive sectors for their exceptional strength-to-weight ratio and fatigue resistance.
- Glass fiber composites remain the most widely used type due to their cost-effectiveness, versatility, and suitability for construction, marine, and wind energy applications.
- Asia-Pacific is the fastest-growing regional market, supported by infrastructure growth, renewable energy projects, and expanding manufacturing capabilities.
- Aerospace applications demand high-performance composites that meet stringent safety, durability, and weight reduction requirements.
- Automotive manufacturers are increasingly adopting composites to improve fuel efficiency and meet emission reduction targets.
- Wind energy sector growth is driving demand for large composite blades that offer high stiffness, durability, and resistance to environmental factors.
- Advances in resin chemistry and curing processes are enhancing the performance, recyclability, and environmental profile of composite materials.
- Marine industries use composites for hulls, decks, and superstructures due to their corrosion resistance and design flexibility.
- Recycling and end-of-life management remain key challenges, prompting research into thermoplastic composites and chemical recycling methods.
- 3D printing and automated manufacturing technologies are enabling more efficient and precise composite production for complex shapes and high-volume applications.
Composites Market Segments Covered In The Report
By Product
- Carbon Fiber
- Glass Fiber
By Manufacturing Process
- Layup Process
- Filament Winding Process
- Injection Molding Process
- Pultrusion Process
- Compression Molding Process
- Resin Transfer Molding Process
- Other Processes
By Resin Type
- Thermoset Composites
- Thermoplastic Composites
By End-Use Industry
- Aerospace and defense
- Wind Energy
- Automotive and Transportation
- Construction & Infrastructure
- Marine
- Pipe and Tank
- Electrical and Electronics
- Other End-Users
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Companies Covered
General Electric Company, Rolls-Royce plc, SGL Carbon Graphite Technic Co. Ltd., Axiom Materials Inc., United Technologies Corporation, Minnesota Mining and Manufacturing Company, COI Ceramics Inc., Lancer Partnership Ltd., CoorsTek Inc., Applied Thin Films Inc., Ultramet Technologies Limited, CFC Carbon Co. Ltd., UBE Industries Ltd., Kyocera Corporation, Speciality Materials Inc., Safran SA, Mitsubishi Rayon Carbon Fiber & Composites Inc., Johns Manville International Inc., Asahi Fibreglass Company, Guardian Fibre Corp., Owens Corning Fiberglass Company, China Fibreglass Company, Teijin Limited, Taishan Fibreglass SA, Kurarey Co. Ltd., Formosa Plastic Corp., Toray Industries Inc., DuPont de Nemours Inc., Nippon Sheet Glass Co. Ltd., Korea Nylon Inc., KCC Corporation, SAERTEX Wagener GmbH & Co. KG, Pittsburgh Plate Glass Company, Taiwan Glass Industry Corporation, Solvay SA, BASF SE, Huntsman Corporation LLC, SGL Carbon SE, TPI Composites Inc., Gurit Holding AGRecent Industry Developments
- June 2025: Airbus and Boeing signaled ambitious plans to scale up jet production to around 100 aircraft per month by incorporating fast-curing thermoplastics, resin infusion, and robotic assembly techniques to accelerate composite component manufacturing.
- June 2025: Dow Inc. agreed to sell its 50% stake in DowAksa—an advanced composites producer—to Aksa for $125 million, aiming to streamline its operations and reinvest in core business areas.
- February 2025: Toray Group showcased next-generation composite technologies, including advanced carbon fiber towpregs and high-performance thermoset and thermoplastic materials, at JEC World 2025 to underscore its leadership in lightweight innovations.
- Mid-2025: The advanced composites market is projected to grow from approximately USD 52 billion in 2025 to over USD 123 billion by 2035, driven by strong demand in aerospace, defense, and other high-performance segments.
- 2025 (trend context): Key industry trends include prioritizing recyclable thermoplastics, AI-enhanced composite design tools, bio-composites, nanocomposite additives, additive manufacturing, multifunctional materials, digital twins for predictive maintenance, and hybrid fibers to balance performance and sustainability.
Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways1. The report provides 2024 Composites market sales data at the global, regional, and key country levels with a detailed outlook to 2034, allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.
2. The research includes the Composites market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment
3. The Composites market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks
4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business
5. The study assists investors in analyzing Composites business prospects by region, key countries, and top companies' information to channel their investments.
1.1 List of Tables
1.2 List of Figures
2. Composites Market Latest Trends, Drivers and Challenges, 2024 - 2034
2.1 Composites Market Overview
2.2 Market Strategies of Leading Composites Companies
2.3 Composites Market Insights, 2024 - 2034
2.3.1 Leading Composites Types, 2024 - 2034
2.3.2 Leading Composites End-User industries, 2024 - 2034
2.3.3 Fast-Growing countries for Composites sales, 2024 - 2034
2.4 Composites Market Drivers and Restraints
2.4.1 Composites Demand Drivers to 2034
2.4.2 Composites Challenges to 2034
2.5 Composites Market- Five Forces Analysis
2.5.1 Composites Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Composites Market Value, Market Share, and Forecast to 2034
3.1 Global Composites Market Overview, 2024
3.2 Global Composites Market Revenue and Forecast, 2024 - 2034 (US$ billion)
3.3 Global Composites Market Size and Share Outlook By Product, 2024 - 2034
3.4 Global Composites Market Size and Share Outlook By Manufacturing Process, 2024 - 2034
3.5 Global Composites Market Size and Share Outlook By Resin Type, 2024 – 2034
3.6 Global Composites Market Size and Share Outlook By End-Use Industry, 2024 - 2034
3.7 Global Composites Market Size and Share Outlook by Region, 2024 - 2034
4. Asia Pacific Composites Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific Composites Market Overview, 2024
4.2 Asia Pacific Composites Market Revenue and Forecast, 2024 - 2034 (US$ billion)
4.3 Asia Pacific Composites Market Size and Share Outlook By Product, 2024 - 2034
4.4 Asia Pacific Composites Market Size and Share Outlook By Manufacturing Process, 2024 - 2034
4.5 Asia Pacific Composites Market Size and Share Outlook By Resin Type, 2024 – 2034
4.6 Asia Pacific Composites Market Size and Share Outlook By End-Use Industry, 2024 - 2034
4.7 Asia Pacific Composites Market Size and Share Outlook by Country, 2024 - 2034
5. Europe Composites Market Value, Market Share, and Forecast to 2034
5.1 Europe Composites Market Overview, 2024
5.2 Europe Composites Market Revenue and Forecast, 2024 - 2034 (US$ billion)
5.3 Europe Composites Market Size and Share Outlook By Product, 2024 - 2034
5.4 Europe Composites Market Size and Share Outlook By Manufacturing Process, 2024 - 2034
5.5 Europe Composites Market Size and Share Outlook By Resin Type, 2024 – 2034
5.6 Europe Composites Market Size and Share Outlook By End-Use Industry, 2024 - 2034
5.7 Europe Composites Market Size and Share Outlook by Country, 2024 - 2034
6. North America Composites Market Value, Market Share and Forecast to 2034
6.1 North America Composites Market Overview, 2024
6.2 North America Composites Market Revenue and Forecast, 2024 - 2034 (US$ billion)
6.3 North America Composites Market Size and Share Outlook By Product, 2024 - 2034
6.4 North America Composites Market Size and Share Outlook By Manufacturing Process, 2024 - 2034
6.5 North America Composites Market Size and Share Outlook By Resin Type, 2024 – 2034
6.6 North America Composites Market Size and Share Outlook By End-Use Industry, 2024 - 2034
6.7 North America Composites Market Size and Share Outlook by Country, 2024 - 2034
7. South and Central America Composites Market Value, Market Share and Forecast to 2034
7.1 South and Central America Composites Market Overview, 2024
7.2 South and Central America Composites Market Revenue and Forecast, 2024 - 2034 (US$ billion)
7.3 South and Central America Composites Market Size and Share Outlook By Product, 2024 - 2034
7.4 South and Central America Composites Market Size and Share Outlook By Manufacturing Process, 2024 - 2034
7.5 South and Central America Composites Market Size and Share Outlook By Resin Type, 2024 – 2034
7.6 South and Central America Composites Market Size and Share Outlook By End-Use Industry, 2024 - 2034
7.7 South and Central America Composites Market Size and Share Outlook by Country, 2024 - 2034
8. Middle East Africa Composites Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa Composites Market Overview, 2024
8.2 Middle East and Africa Composites Market Revenue and Forecast, 2024 - 2034 (US$ billion)
8.3 Middle East Africa Composites Market Size and Share Outlook By Product, 2024 - 2034
8.4 Middle East Africa Composites Market Size and Share Outlook By Manufacturing Process, 2024 - 2034
8.5 Middle East Africa Composites Market Size and Share Outlook By Resin Type, 2024 – 2034
8.6 Middle East Africa Composites Market Size and Share Outlook By End-Use Industry, 2024 - 2034
8.7 Middle East Africa Composites Market Size and Share Outlook by Country, 2024 - 2034
9. Composites Market Structure
9.1 Key Players
9.2 Composites Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis
10. Composites Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
Research Methodology
Our research methodology combines primary and secondary research techniques to ensure comprehensive market analysis.
Primary Research
We conduct extensive interviews with industry experts, key opinion leaders, and market participants to gather first-hand insights.
Secondary Research
Our team analyzes published reports, company websites, financial statements, and industry databases to validate our findings.
Data Analysis
We employ advanced analytical tools and statistical methods to process and interpret market data accurately.
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