Transportation Composites Market Report 2026

The transportation composites market size has grown rapidly in recent years. It will grow from $75.81 billion in 2025 to $84.07 billion in 2026 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to growth of automotive production, expansion of aerospace manufacturing, increasing use of composites in rail transport, advancements in composite processing technologies, rising demand for lightweight materials.

The transportation composites market size is expected to see rapid growth in the next few years. It will grow to $124.92 billion in 2030 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to increasing adoption of electric vehicles, rising focus on emission reduction, expansion of advanced manufacturing processes, growing use of recyclable composites, increasing investments in high-performance materials. Major trends in the forecast period include increasing adoption of lightweight composite materials, rising demand for fuel-efficient transportation solutions, growing use of carbon fiber composites, expansion of composite applications in rail and aerospace, enhanced focus on structural durability.

The growing automotive industry is driving the growth of the transportation composites market. The automotive industry involves the design, development, marketing, and sale of automobiles. Rising income levels and improved standards of living have increased demand for vehicles. Transportation composites are used in automobiles to provide high strength while reducing weight. For example, in February 2024, the Institute of Chartered Accountants in England and Wales, a UK-based regulatory and professional body, reported that global motor vehicle sales reached approximately 95 million units in 2024, up from 92.8 million units in 2023. Therefore, the rising demand for automobiles is expected to propel the transportation composites market.

Major companies in the transportation composites market are pursuing strategic partnerships to address complex challenges and advance the development of transportation composites. Strategic partnerships allow companies to leverage each other’s strengths and resources for mutual benefit. In June 2025, MEL Composites S.A., a Spain-based advanced composites manufacturer specializing in high-performance materials for transportation, partnered with Carrocerías Ayats S.A. to develop lightweight composite window-frame covers for buses. Through this collaboration, MEL Composites transferred its foam-sandwich composite technologies, originally developed for sporting goods, to the transportation sector, achieving up to 80% weight reduction compared with traditional foam-elastomer alternatives, thereby improving vehicle efficiency and sustainability. Carrocerías Ayats S.A. is a Spain-based bus and coach manufacturer focused on designing and producing commercial passenger vehicles.

In July 2024, TRANSTEX, a U.S.-based company specializing in cleantech engineering focused on emission-reducing solutions for the transportation sector, acquired US Liner Company for an undisclosed amount. This acquisition aims to enhance TRANSTEX's manufacturing capabilities in North America and ensure a dependable source of high-quality composite materials, which are essential for the company’s innovative product offerings for trucks and trailers. US Liner Company, also based in the U.S., specializes in producing fiber-reinforced thermoplastic composites, which are widely used as protective or structural components in transportation vehicles, recreational vehicles, and agricultural applications.

Major companies operating in the transportation composites market are Hexcel Corporation,Toray Industries Inc.,Teijin Limited,Solvay SA,SGL Carbon SE,Owens Corning,Johns Manville,Gurit Holding AG,Mitsubishi Chemical Group,Celanese Corporation,SABIC,Covestro AG,Arkema SA,BASF SE,Lanxess AG,TenCate Advanced Composites,Plasan Carbon Composites,Rock West Composites,Nippon Graphite Fiber,Hyosung Advanced Materials.

North Americawas the largest region in the transportation composites market in 2025. The regions covered in the transportation composites market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the transportation composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The transportation composites market consists of sales of reinforced composites and sandwich composites. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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