Composites Market Size, Share, and Growth Analysis

Global Composites Market

Composites Market By Product (Carbon Fiber, Glass Fiber, Natural fiber, and Others), By End-Use (Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure, Wind Energy, Electrical & Electronics, Pipes & Tanks, Marine, and Others), By Manufacturing Process (Layup Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, Compression Molding Process, Resin Transfer Molding Process, and Others), By Region -Industry Forecast 2025-2032


Report ID: SQMIG15E2791 | Region: Global | Published Date: July, 2025
Pages: 177 |Tables: 101 |Figures: 71

Format - word format excel data power point presentation

Composites Market Insights

Global Composites Market size was valued at USD 99.52 Billion in 2023 poised to grow between USD 106.59 Billion in 2024 to USD 184.5 Billion by 2032, growing at a CAGR of 7.1% in the forecast period (2025-2032).

The global composites market is significantly driven by the growing need for lightweight, high-performance materials in the aerospace and automotive sectors. In aerospace, composites like carbon fiber-reinforced polymers help reduce aircraft weight, leading to improved fuel efficiency, extended range, and lower emissions—key priorities for airlines facing strict environmental regulations. Similarly, in the automotive industry, manufacturers are replacing conventional steel with composites to meet emission standards and boost energy efficiency in electric and hybrid vehicles. This shift not only supports sustainability goals but also enhances structural strength and design flexibility, making composites indispensable in next-generation mobility solutions.

Rapid progress in composite manufacturing technologies plays a key trend driving the global composites sector. Techniques such as resin transfer moulding (RTM), automated fiber placement (AFP), and additive manufacturing have streamlined production processes, reduced cycle times, and improved product consistency. These innovations make composite fabrication more scalable and cost-effective, encouraging adoption across industries like construction, wind energy, and sports equipment. Additionally, digital tools and simulation software help manufacturers optimize material performance during the design phase. As a result, these advancements lower the entry barrier for industries previously constrained by cost or complexity, broadening composite material usage in both high-end and mass-market applications.

How does AI help Reduce Material Waste in Composites Manufacturing?

AI is reshaping the global composites market by optimizing design and production processes. For instance, machine learning algorithms analyze extensive manufacturing data—like temperature, pressure, and curing times—to fine-tune automated fiber placement (AFP) and resin-transfer molding operations. This precision reduces defects and material waste, cutting production costs while boosting throughput. Additionally, AI-powered predictive models expedite the discovery of novel composite formulations with enhanced strength-to-weight ratios, streamlining R&D cycles and enabling customized materials for aerospace, wind energy, or automotive applications. As a result, AI lowers barriers to adoption, accelerates innovation, and drives wider market penetration.

In 2024, Israeli company Plataine introduced an AI-powered Digital Assistant for composite manufacturing. The solution uses machine learning and IIoT to optimize material usage, reduce production waste, and improve quality control. By enabling real-time decision-making, it enhances operational efficiency and supports sustainability in aerospace and automotive composite applications.

Market snapshot - (2025-2032)

Global Market Size

USD 99.52 Billion

Largest Segment

Glass Fiber

Fastest Growth

Carbon Fiber

Growth Rate

7.1% CAGR

Global Composites Market ($ Bn)
Country Share by Asia Pacific (%)

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Composites Market Segments Analysis

The global composites market is segmented based on product, end-use, manufacturing process, and region. In terms of product, the market is grouped into carbon fiber, glass fiber, natural fiber, and others. Based on end-use, the market is segmented into aerospace & defense, automotive & transportation, construction & infrastructure, wind energy, electrical & electronics, pipes & tanks, marine, and others. Based on manufacturing processes, the market is grouped into layup process, filament winding processes, injection molding process, pultrusion process, compression molding process, resin transfer molding process, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.

What Role does Glass Fiber Play in Construction Applications?

Based on the global composites market forecast, glass fiber remains a cornerstone of innovation in the industry due to its excellent strength-to-weight ratio, affordability, and corrosion resistance. Widely used in wind energy, automotive, construction, and marine sectors, its versatility supports diverse structural and insulation applications. Continuous advancements in fiber weaving, resin compatibility, and recycling technologies further boost its adoption. Glass fiber dominates the market because it offers high performance at a significantly lower cost than carbon fiber.

Carbon fiber is projected to be the fastest-growing product in the global composites market due to rising demand in aerospace, automotive, and sports industries. Its exceptional strength, low weight, and fatigue resistance support fuel efficiency and performance goals. Increasing affordability and manufacturing advancements are accelerating its adoption across high-performance applications.

What makes Composites Versatile in Automotive Applications?

The automotive and transportation sector is dominating the global composites market through lightweight designs, electric vehicle structural components, and crash-energy-absorbing parts. Manufacturers are integrating advanced composites like carbon- and glass-fiber-reinforced polymers using automated layup and additive techniques. This segment dominates due to stringent fuel-efficiency and emission regulations encouraging lightweighting, combined with composites’ versatility, corrosion resistance, and cost-effective production scalability—making them essential in conventional, hybrid, and EV platforms.

The wind energy sector is the fastest-growing end use in the global composites market due to increasing global investments in renewable energy. Composites like carbon and glass fiber enable the production of longer, lighter, and more durable turbine blades, enhancing efficiency and reducing maintenance. This drives rapid adoption in both onshore and offshore projects.

Global Composites Market By Product (%)

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Composites Market Regional Insights

What Role does Advanced Materials Play in Asia Pacific’s Growth?

As per the global composites market analysis, Asia Pacific leads the industry due to rapid industrialization, urban infrastructure growth, and strong manufacturing bases in China, India, and Japan. High demand from automotive, wind energy, aerospace, and construction sectors drive composite usage. Government initiatives promoting renewable energy and electric vehicles further boost adoption. With expanding production capacity and rising investments in advanced materials, Asia Pacific remains the fastest growing and most dynamic region in the global composites landscape.

Japan Composites Market

Japan plays a significant role in the Asia Pacific composites market, supported by its advanced automotive, aerospace, and electronics industries. Leading companies like Toray and Teijin are global pioneers in carbon fiber production, driving innovation in lightweight, high-strength materials. Japan’s emphasis on sustainability and fuel efficiency has led to increased composite usage in electric vehicles, aircraft, and infrastructure projects. Strong government-industry collaboration further enhances Japan’s competitive edge in advanced composite technologies.

South Korea Composites Market

South Korea contributes steadily to the Asia Pacific composites market through its well-developed automotive, shipbuilding, and electronics sectors. Companies like Hanwha and Hyundai are integrating composites in vehicles, marine structures, and industrial equipment to improve durability and reduce weight. With growing interest in electric mobility and renewable energy, South Korea is expanding carbon fiber production and investing in R&D, positioning itself as a key innovator and supplier in the Asia-Pacific composites industry.

What Type of Materials are Highly Adopted in North America?

North America is fastest growing in the global composites market, driven by strong demand from aerospace, automotive, and wind energy sectors. The region benefits from a well-established industrial base, advanced R&D facilities, and high adoption of lightweight materials for fuel efficiency and emission control. Ongoing investments in electric vehicles, renewable energy infrastructure, and defense applications continue to fuel growth, making North America a critical hub for composite innovation and usage.

US Composites Market

The United States plays a dominant role in North America’s composites market due to its strong aerospace, automotive, and wind energy industries. Leading companies like Boeing and General Motors drive high-volume demand for advanced composite materials, particularly carbon and glass fiber. Robust R&D, government defense contracts, and the growing electric vehicle sector further support innovation and adoption, ensuring the U.S. remains the key contributor to regional composite market growth.

Canada Composites Market

Canada contributes significantly to North America’s composites market, supported by its expanding automotive and aerospace manufacturing hubs, particularly in Ontario and Quebec. The country is seeing increased adoption of advanced composites for lightweight vehicle parts and renewable energy applications. Strategic investments in clean energy infrastructure and emphasis on sustainability are driving demand for high-performance materials, making Canada an important and fast-growing player in the regional composites landscape.

How do European Environmental Regulations Influence Composite Usage?

Europe holds a significant position in the global composites market, driven by strong demand from the automotive, aerospace, and wind energy sectors. Countries like Germany, France, and the UK lead in production and innovation, particularly in lightweight and sustainable composites. The European Union’s strict environmental regulations and focus on reducing carbon emissions have accelerated the adoption of recyclable and bio-based composites, making Europe a hub for advanced and eco-friendly composite solutions.

Germany Composites Market

Germany is the largest contributor to Europe’s composites market, driven by its advanced automotive and aerospace industries. The country leads in both production and consumption of glass and carbon fiber composites, supporting lightweight vehicle design and aircraft manufacturing. Strong engineering capabilities, continuous R&D investment, and a focus on sustainability enable Germany to develop innovative composite applications, keeping it at the forefront of Europe’s transition to high-performance, eco-friendly materials.

France Composites Market

France plays a vital role in the Europe composites market, particularly through its robust aerospace sector anchored by Airbus. The nation is a major consumer of high-performance composites in aircraft structures and wind energy installations. With government-backed investments in renewable energy and sustainable manufacturing, France continues to expand its composites usage across transportation, construction, and defense, reinforcing its position as a leading hub for advanced material innovation in Europe.

UK Composites Market

The United Kingdom is emerging as one of the fastest-growing contributors to the Europe composites market. Its strong presence in marine, aerospace, and defense sectors is driving demand for lightweight, durable composite materials. With increasing investments in offshore wind energy and electric vehicle infrastructure, the UK is fostering innovation in sustainable composites. Government support for green technology and advanced manufacturing further enhances the country's competitive edge in the European market.

Global Composites Market By Geography
  • Largest
  • Fastest

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Composites Market Dynamics

Composites Market Drivers

Lightweighting Trends in Automotive and Aerospace Industries

  • The push for fuel efficiency and emission reduction has led to increased adoption of lightweight composite materials in automotive and aerospace sectors. Composites offer high strength-to-weight ratios, replacing metals in structural components. This trend significantly boosts demand, especially as electric vehicle and aircraft manufacturers prioritize energy efficiency and performance.

Growth in Wind Energy Installations

  • The global shift toward renewable energy is driving the demand for composites in wind turbine production. Lightweight, durable materials like glass and carbon fiber are essential for manufacturing longer, more efficient blades. As wind power capacity expands globally, particularly in offshore projects, composites see rising usage across the energy sector.

Composites Market Restraints

Long Manufacturing Cycle Times

  • Composite manufacturing processes such as autoclave curing and resin transfer moulding often involve lengthy cycle times. This limits production speed and scalability, especially for high-volume industries like automotive. Compared to traditional materials like metals, slower throughput reduces operational efficiency and deters manufacturers from fully integrating composites into their product lines.

Limited Awareness in Developing Regions

  • In many developing countries, there is limited awareness about the advantages of composite materials. Traditional materials like steel and aluminum still dominate due to familiarity and lower upfront costs. The lack of knowledge about long-term benefits and potential applications restricts the global composites market growth in construction, transportation, and infrastructure sectors.

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Composites Market Competitive Landscape

The global composites market outlook is highly competitive, with key players focusing on innovation, sustainability, and strategic expansion. Major companies include Toray Industries, Teijin Limited, Hexcel Corporation, SGL Carbon, and Mitsubishi Chemical Group. Toray and Teijin lead in carbon fiber innovation, while Hexcel invests in aerospace-grade composites. SGL Carbon emphasizes lightweighting for automotive, and Mitsubishi focuses on global partnerships and expanding advanced material portfolios to strengthen their market position.

As per the global composites industry analysis, the market is witnessing a surge of innovative startups addressing key industry challenges such as cost, sustainability, and process efficiency. These startups focus on integrating AI, automation, and bio-based materials to revolutionize production and recycling. Support from accelerators like JEC’s Startup Booster has empowered new players across Europe and Asia. Their contributions are helping democratize advanced composites, making them more accessible for sectors like automotive, aerospace, wind energy, and clean tech.

  • Founded in 2023, CarboScreen is a German startup revolutionizing carbon fiber production through AI-integrated sensor systems. Their key product is a real-time fiber monitoring system for carbon-fiber ovens, which continuously assesses quality and detects defects. This innovation reduces waste and increases yield. Its breakthrough lies in using machine learning algorithms to optimize oven parameters, leading to consistent material performance. As a result, manufacturers achieve lower costs and higher quality, accelerating carbon fiber adoption in mass production.
  • Established in 2021, 3P.COM is a South Korean startup specializing in recyclable composite pressure vessels for hydrogen storage. Its flagship product is a lightweight, fiber-reinforced hydrogen tank designed for fuel cell vehicles. Unlike conventional metal-based tanks, 3P.COM’s solution is safer and more sustainable. Their breakthrough R&D innovation lies in using simulation-driven design to maximize strength while enabling recyclability. This advancement supports clean energy adoption by solving two key issues: weight reduction and end-of-life sustainability.

Top Player’s Company Profiles

  • Toray Industries, Inc. (Japan)
  • Teijin Limited (Japan)
  • Hexcel Corporation (USA)
  • SGL Carbon SE (Germany)
  • Mitsubishi Chemical Group Corporation (Japan)
  • Owens Corning (USA)
  • Huntsman Corporation (USA)
  • Solvay S.A. (Belgium)
  • DSM Engineering Materials (Netherlands)
  • Gurit Holding AG (Switzerland)
  • Jushi Group Co., Ltd. (China)
  • Nippon Electric Glass Co., Ltd. (Japan)
  • Plasan Carbon Composites (USA)
  • UFP Technologies, Inc. (USA)
  • China Jushi Co., Ltd. (China)

Recent Developments in Composites Market

  • In March 2025, U.S. company Hexcel entered a strategic partnership with Spain’s FIDAMC to advance composite manufacturing through AI-driven automation and sustainability. The collaboration focuses on reducing energy use and waste while accelerating aerospace and automotive applications. It combines FIDAMC’s research expertise with Hexcel’s industrial scale, aiming to commercialize next-generation composite technologies more efficiently and cost-effectively.
  • In November 2024, Japan-based Toray Industries acquired the continuous fiber-reinforced thermoplastic tape business of Gordon Plastics in Colorado. This strategic move strengthens Toray’s position in high-performance thermoplastics by enhancing production capacity and technological capabilities. The acquisition supports growing demand in industrial, oil & gas, and sporting goods sectors for lightweight, durable composite solutions with improved processing efficiency and sustainability.
  • In February 2024, SGL Carbon announced it was exploring strategic options, including selling its Carbon Fibers business unit. The decision aims to reallocate resources toward more profitable segments like automotive and energy composites. By seeking an investor or partner, SGL intends to expand innovation capabilities while improving operational focus and shareholder value across its core composite material businesses.

Composites Key Market Trends

Composites Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global composites industry is undergoing rapid transformation, driven by the need for lightweight, high-performance materials across critical sectors such as aerospace, automotive, and renewable energy. Technological advancements—particularly in AI, automation, and sustainable material development—are accelerating production efficiency and expanding application scope. The rising integration of digital tools and smart manufacturing is lowering entry barriers and enabling broader industry adoption.

Glass and carbon fiber continue to lead in usage due to their balance of performance and cost. Regionally, Asia-Pacific dominates with strong industrial growth, while North America and Europe drive innovation. With startups and global leaders investing in scalable, eco-friendly solutions, the global composites market strategy are well-positioned for long-term expansion, catering to evolving environmental, regulatory, and performance demands worldwide.

Report Metric Details
Market size value in 2023 USD 99.52 Billion
Market size value in 2032 USD 184.5 Billion
Growth Rate 7.1%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Carbon Fiber, Glass Fiber, Natural Fiber, Others
  • End-Use
    • Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure, Wind Energy, Electrical & Electronics, Construction & Infrastructure, Pipes & Tanks, Marine, Others
  • Manufacturing Process
    • Layup Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, Compression Molding Process, Resin Transfer Molding Process, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Toray Industries, Inc. (Japan)
  • Teijin Limited (Japan)
  • Hexcel Corporation (USA)
  • SGL Carbon SE (Germany)
  • Mitsubishi Chemical Group Corporation (Japan)
  • Owens Corning (USA)
  • Huntsman Corporation (USA)
  • Solvay S.A. (Belgium)
  • DSM Engineering Materials (Netherlands)
  • Gurit Holding AG (Switzerland)
  • Jushi Group Co., Ltd. (China)
  • Nippon Electric Glass Co., Ltd. (Japan)
  • Plasan Carbon Composites (USA)
  • UFP Technologies, Inc. (USA)
  • China Jushi Co., Ltd. (China)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Composites Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Composites Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Composites Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Composites Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Composites Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Composites Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

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FAQs

The fastest growing process is filament winding.  The filament winding process will be growing rapidly in the aerospace and recreation industries.  The filament winding process produces parts that are highly advantageous to the automotive and marine industries, including power shafts and pressure vessels.

The automotive & transportation segment of end use is projected to grow the fastest, at a CAGR greater than 8%.  The focus on lightweight, fuel-efficient vehicles for improved emissions is driving this growth.

Growth is expected to be driven by an increased demand for lightweight materials that are durable in the aerospace and automotive industries, advancements in material scientific capabilities, along with a demand for improved fuel efficiency and an emphasis on sustainability.

Advancements in automated and 3D manufacturing, along with rising demand for lightweight composites in aerospace and automotive, are key trends shaping the market.

India is the fastest growing country-level market in Asia Pacific. India operates in the fastest growing region, it had the largest share of the regional market with 24%.  Industrial growth in India, coupled with an increasing number of applications for composites will drive growth.

There are many opportunity areas in the composites market, including advances in hybrid technologies, cost effective processes, increasing use of bio-based composites, and increased use of composite materials in automotive, aerospace, and infrastructure applications.

Global Composites Market size was valued at USD 99.52 Billion in 2023 poised to grow between USD 106.59 Billion in 2024 to USD 184.5 Billion by 2032, growing at a CAGR of 7.1% in the forecast period (2025-2032).

The global composites market outlook is highly competitive, with key players focusing on innovation, sustainability, and strategic expansion. Major companies include Toray Industries, Teijin Limited, Hexcel Corporation, SGL Carbon, and Mitsubishi Chemical Group. Toray and Teijin lead in carbon fiber innovation, while Hexcel invests in aerospace-grade composites. SGL Carbon emphasizes lightweighting for automotive, and Mitsubishi focuses on global partnerships and expanding advanced material portfolios to strengthen their market position.'Toray Industries, Inc. (Japan)', 'Teijin Limited (Japan)', 'Hexcel Corporation (USA)', 'SGL Carbon SE (Germany)', 'Mitsubishi Chemical Group Corporation (Japan)', 'Owens Corning (USA)', 'Huntsman Corporation (USA)', 'Solvay S.A. (Belgium)', 'DSM Engineering Materials (Netherlands)', 'Gurit Holding AG (Switzerland)', 'Jushi Group Co., Ltd. (China)', 'Nippon Electric Glass Co., Ltd. (Japan)', 'Plasan Carbon Composites (USA)', 'UFP Technologies, Inc. (USA)', 'China Jushi Co., Ltd. (China)'

The push for fuel efficiency and emission reduction has led to increased adoption of lightweight composite materials in automotive and aerospace sectors. Composites offer high strength-to-weight ratios, replacing metals in structural components. This trend significantly boosts demand, especially as electric vehicle and aircraft manufacturers prioritize energy efficiency and performance.

Surge in Sustainable and Recyclable Composites: Growing environmental concerns are pushing manufacturers toward bio-based and recyclable composite materials. Innovations in thermoplastic resins and closed-loop recycling systems are enabling sustainable alternatives without compromising performance. These global composites market trend aligns with global regulations and boosts adoption across automotive, construction, and consumer goods sectors aiming for greener manufacturing solutions.

What Role does Advanced Materials Play in Asia Pacific’s Growth?

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