Composites: Market Share, and Growth Analysis by Product (Carbon Fiber, Glass Fiber), Manufacturing Process, Resin Type, End-Use Industry

The Composites Market size is valued at USD 105.3 billion in 2025 and is projected to reach USD 217.1 billion by 2033, registering a compound annual growth rate (CAGR) of 9.46% over the forecast period.

The composites market is a rapidly expanding segment within the materials industry, known for producing lightweight, durable, and high-performance materials that are used in a broad range of applications. Composites, typically consisting of a reinforcing fiber (such as carbon or glass fiber) embedded within a matrix material (such as resin or thermoplastic), offer superior strength-to-weight ratios, corrosion resistance, and design flexibility. These properties have made composites increasingly popular in industries such as aerospace, automotive, construction, wind energy, and sporting goods. As manufacturers look to improve product performance while reducing environmental impact, the demand for advanced composite materials continues to rise.

A key trend in the market is the development of sustainable and recyclable composite materials. With growing environmental awareness and tighter regulations, companies are investing in bio-based resins, recyclable thermoplastics, and renewable fiber sources to create eco-friendly composite solutions. Additionally, advancements in manufacturing technologies, such as automated fiber placement (AFP), resin transfer molding (RTM), and additive manufacturing, are enabling faster production cycles, lower costs, and more complex designs. The integration of digital simulation and modeling tools is further enhancing the efficiency of composite design and production, allowing manufacturers to optimize material usage and performance before physical prototyping.

Despite these advancements, the composites market faces challenges, including high production costs, limited recycling infrastructure, and competition from alternative materials. In addition, achieving widespread adoption in cost-sensitive industries requires continuous innovation to bring down manufacturing costs and improve processing efficiency. However, ongoing research and development, coupled with increasing investments in sustainable solutions and advanced manufacturing methods, are expected to drive the composites market’s growth. As industries prioritize lightweight, high-performance materials, composites are poised to play a pivotal role in shaping the future of manufacturing and engineering.

Key Insights: Composites Market

• Rising demand for sustainable, recyclable, and bio-based composite materials.
• Advancements in automated and digital manufacturing technologies.
• Increased adoption of thermoplastic composites for faster production cycles and recycling potential.
• Expansion of composite applications in emerging industries, such as electric vehicles and renewable energy.
• Development of multi-functional composites with enhanced properties, such as conductivity and thermal stability.
• Growing need for lightweight materials to improve energy efficiency and reduce emissions.
• Rising investments in renewable energy, driving demand for wind turbine blades and solar panel structures.
• Increased use of composites in aerospace and automotive sectors to enhance performance and safety.
• Advancements in composite material technology improving strength, durability, and versatility.
• High initial costs of composite materials and manufacturing processes.
• Limited infrastructure for recycling composite materials.
• Competition from alternative materials, including advanced metals and traditional polymers.
• Complex design and production requirements necessitating specialized expertise.

Composites Market Segmentation

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)

Composites Market Size Data, Trends, Growth Opportunities, and Restraining Factors:

• This comprehensive Composites market report delivers updated market size estimates from 2024 to 2034, offering in-depth analysis of the latest Composites market trends, short-term and long-term growth drivers, competitive landscape, and new business opportunities. The report presents growth forecasts across key Composites types, applications, and major segments, alongside detailed insights into the current Composites market scenario to support companies in formulating effective market strategies.
• The Composites market outlook thoroughly examines the impact of ongoing supply chain disruptions and geopolitical issues worldwide. Factors such as trade tariffs, regulatory restrictions, production losses, and the emergence of alternatives or substitutes are carefully considered in the Composites market size projections. Additionally, the analysis highlights the effects of inflation and correlates past economic downturns with current Composites market trends, providing actionable intelligence for stakeholders to navigate the evolving Composites business environment with precision.

Composites Market Competition, Intelligence, Key Players, and Winning Strategies to 2034:

• The 2025 Composites Market Research Report identifies winning strategies for companies to register increased sales and improve market share.
• Opinions from senior executives from leading companies in the Composites market are imbibed thoroughly and the Composites industry expert predictions on the economic downturn, technological advancements in the Composites market, and customized strategies specific to a product and geography are mentioned.
• The Composites market report is a source of comprehensive data and analysis of the industry, helping businesses to make informed decisions and stay ahead of the competition. The Composites market study assists investors in analyzing On Composites business prospects by region, key countries, and top companies' information to channel their investments.
• The report provides insights into consumer behavior and preferences, including their buying patterns, brand loyalty, and factors influencing their purchasing decisions. It also includes an analysis of the regulatory environment and its impact on the Composites industry. Shifting consumer demand despite declining GDP and burgeoning interest rates to control surging inflation is well detailed.

What's Included in the Report?

• Global Composites market size and growth projections, 2024-2034
• North America Composites market size and growth forecasts, 2024-2034 (United States, Canada, Mexico)
• Europe market size and growth forecasts, 2024-2034 (Germany, France, United Kingdom, Italy, Spain)
• Asia-Pacific Composites market size and growth forecasts, 2024-2034 (China, India, Japan, South Korea, Australia)
• Middle East Africa Composites market size and growth estimate, 2024-2034 (Middle East, Africa)
• South and Central America Composites market size and growth outlook, 2024-2034 (Brazil, Argentina, Chile)
• Composites market size, share and CAGR of key products, applications, and other verticals, 2024-2034
• Short- and long-term Composites market trends, drivers, challenges, and opportunities
• Composites market insights, Porter’s Five Forces analysis
• Profiles of 5 leading companies in the industry - overview, key strategies, financials, product portfolio and SWOT analysis
• Latest market news and developments

Key Questions Answered in This Report:

• What is the current Composites market size at global, regional, and country levels?
• What is the market penetration of different types, Applications, processes/technologies, and distribution/sales channels of the Composites market?
• What will be the impact of economic slowdown/recission on Composites demand/sales?
• How has the global Composites market evolved in past years and what will be the future trajectory?
• What is the impact of growing inflation, Russia-Ukraine war on the Composites market forecast?
• What are the Supply chain challenges for Composites?
• What are the potential regional Composites markets to invest in?
• What is the product evolution and high-performing products to focus in the Composites market?
• What are the key driving factors and opportunities in the industry?
• Who are the key players in Composites market and what is the degree of competition/Composites market share?
• What is the market structure /Composites Market competitive Intelligence?

Available Customizations:

The standard syndicate report is designed to serve the common interests of Composites Market players across the value chain, and include selective data and analysis from entire research findings as per the scope and price of the publication.

However, to precisely match the specific research requirements of individual clients, several customization options are offered to include the data and analysis of interest in the final deliverable.

Some of the customization requests are as mentioned below:

• Segmentation of choice - Clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
• Composites Pricing and Margins Across the Supply Chain, Composites Price Analysis / International Trade Data / Import-Export Analysis.
• Supply Chain Analysis, Supply-Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Composites market analytics.
• Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations.
• Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
• Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.

Additional support:

• All the data presented in tables and charts of the report is provided in a separate Excel document
• Print authentication allowed on purchase of online versions
• 10% free customization to include any specific data/analysis to match the requirement
• 7 days of analyst support

This product will be delivered within 1-3 business days.