𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
The Global Composites Market Size was valued at USD 132.98 billion in 2024 and is projected to reach nearly USD 249.82 billion by 2032, growing at a CAGR of 8.2% during the forecast period. Composites, formed by combining two or more distinct materials, offer enhanced properties such as increased strength, stiffness, and resistance to various stresses. These materials are extensively utilized across diverse industries including aerospace, automotive, wind energy, marine, and construction, owing to their superior performance characteristics compared to traditional materials. For instance, carbon fiber composites are favored in high-performance applications like fighter jets, spacecraft, and luxury sports cars due to their exceptional strength-to-weight ratio.
Advancements in manufacturing technologies have further propelled the composites market. Innovations such as automated composite laying processes, high-speed compression molding, and rapid-cure resin technologies have streamlined production, reduced costs, and improved the quality of composite materials. These developments have not only enhanced the efficiency of composite manufacturing but also expanded their applicability across various sectors, thereby driving market growth globally.
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Estimated Growth Rate for Composites Market
The Composites Market size was valued at USD 132.98 Billion in 2024 and the total Composites revenue is expected to grow at a CAGR of 8.2% from 2025 to 2032, reaching nearly USD 249.82 Billion.
Regional Analysis :
North America, Europe, Asia Pacific, Latin America, and the Middle East are the five main regions into which the global study has been divided. A thorough image of the market trends, major drivers and constraints, major players in the area, and the competitive environment of the industry with benchmarking of major players will be provided by the geographic segmentation of the market analysis.
Geographically, Europe is anticipated to rank among the biggest markets for Composites during the forecast period, with North America coming in second. This is due to the growing demand for Composites for a variety of applications, including oilfield chemicals, detergents, and personal care products. During the projection period, the Asia Pacific market is expected to develop at the greatest compound annual growth rate.
Composites Market Segmentation:
by Fiber Type
Glass Fiber Composites
Carbon Fiber Composites
Natural Fiber Composites
by Resin Type
Thermoset Composites
Thermoplastic Composites
by Manufacturing Process
Layup Process
Filament Winding Process
Injection Molding Process
Pultrusion Process
Compression Molding Process
Resin Transfer Molding Process
Others
by End-User
Automotive & Transportation
Aerospace & Defense
Wind Energy
Electrical & Electronics
Construction & Infrastructure
Pipes & Tanks
Marine
Others
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Key Players :
Discover strategies of the key players in the market and explore how they are navigating trends, expanding their portfolios, and capitalizing on emerging applications. From global leaders to regional influencers, this report provides a complete competitive analysis.
1. Teijin Limited – Tokyo, Japan
2. Toray Industries – Tokyo, Japan
3. Owens Corning – Toledo, Ohio, USA
4. PPG Industries – Pittsburgh, Pennsylvania, USA
5. Huntsman Corporation – The Woodlands, Texas, USA
6. Hexcel Corporation – Stamford, Connecticut, USA
7. E. I. DuPont Nemours & Co. (commonly known as DuPont) – Wilmington, Delaware, USA
8. Faurecia – Nanterre, France
9. Performance Composites Inc. – Compton, California, USA
10. Enduro Composites – Houston, Texas, USA
11. KINECO – Goa, India
12. Creative Composites Ltd. – Lisburn, Northern Ireland, UK
13. HITCO Carbon Composites – Gardena, California, USA
14. Quadrant Group of Companies – Zurich, Switzerland
15. BGF Industries – Greensboro, North Carolina, USA
16. FACC AG – Ried im Innkreis, Austria
17. Premium Aerotec – Augsburg, Germany
18. Fokker Aerostructures – Papendrecht, Netherlands
19. COTESA GmbH – Mittweida, Germany
20. Wethje Carbon Composites – Hengersberg, Germany
21. VELLO NORDIC AS – Drammen, Norway
22. Fiberdur GmbH & Co. KG – Kronberg, Germany
23. Akiet B.V. – Lemmer, Netherlands
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-composites-market/34243/
Key Highlights:
- Historical Market Data (2019-2024)
- Forecasts by Segment, Region, and Industry Application (2025-2032)
- SWOT Analysis, Value Chain Insights, and Growth Drivers
- Legal Aspects by Region and Emerging Opportunities
Top Questions Answered:
- What are the key growth drivers and trends in the market?
- Who are the major players, and how do they maintain a competitive edge?
- What new applications are poised to revolutionize the Composites industry?
- How will the market grow in the coming years, and at what rate?
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