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Add to CartGlobal Advanced Composites Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Fiber Type;
Carbon Fiber Composites, Aramid Fiber Composites, S-Glass Composites, and OthersBy Resin Type;
Advanced Thermosetting Composites and Advanced Thermoplastic CompositesBy Manufacturing Process;
AFP/ATL, Compression Molding Process, Hand Layup/Spray Layup Process, Resin Transfer Molding Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, and OthersBy End-Use Industry;
Aerospace & Defense, Wind Energy, Transportation, Sporting Goods, Pipes & Tanks, Marine, Civil Engineering, Electrical & Electronics, Medical, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Advanced Composites Market Overview
Advanced Composites Market (USD Million)
Advanced Composites Market was valued at USD 372,759.86 million in the year 2024. The size of this market is expected to increase to USD 726,403.51 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.
Global Advanced Composites Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 10.0 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 10.0 % |
| Market Size (2024) | USD 372,759.86 Million |
| Market Size (2031) | USD 726,403.51 Million |
| Market Concentration | Medium |
| Report Pages | 381 |
Major Players
- Toray Industries, Inc.
- Recent Developments
- Teijin Limited
- Mitsubishi Chemical Holdings Corporation
- SGL Group
- Koninklijke Ten Cate BV.
- Huntsman International, LLC.
- Solvay
- Hexcel Corporation
- Hexion
- E. I. Du Pont Nemours & Co.
- Owens Corning
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Advanced Composites Market
Fragmented - Highly competitive market without dominant players
The Advanced Composites Market is gaining traction due to its application in industries that demand materials with high strength-to-weight ratios and durability. These composites, particularly reinforced polymers and carbon fibers, are becoming essential in modern engineering. Over 65% of the demand is fueled by transportation and aerospace sectors, driven by the need for lightweight yet robust components.
Performance Benefits Driving Market Growth
Known for their mechanical strength, thermal stability, and corrosion resistance, advanced composites offer significant performance advantages over traditional materials. These attributes are crucial in demanding environments. Currently, more than 50% of performance-driven engineering solutions utilize advanced composites to meet operational and safety standards.
Process Innovation Accelerating Adoption
Advances in fabrication and molding techniques, including automation and 3D printing, are enhancing the efficiency of composite manufacturing. These innovations not only reduce costs but also improve consistency and scalability. About 30% of recent advancements focus on integrating automation into production lines.
Expanding Applications Beyond Traditional Industries
The use of advanced composites is rapidly expanding into consumer electronics, sports equipment, and energy systems, driven by the demand for lightweight, resilient, and sleek materials. More than 45% of high-end consumer products now feature composite materials, showcasing their growing importance in functional and aesthetic design.
Advanced Composites Market Recent Developments
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In November 2024, Toray Advanced Composites acquired Colorado’s Gordon Plastics assets, expanding its North American facility by 47,000 ft² to ramp up production of continuous fiber‑reinforced thermoplastic composite tapes.
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In November 2024, Daikin Industries made a strategic investment in Advanced Composite Corporation, securing access to advanced metal matrix composites for lightweight, high‑strength HVAC&R components.
Advanced Composites Market Segment Analysis
In this report, the Advanced Composites Market has been segmented by Fiber Type, Resin Type, Manufacturing Process, End-Use Industry, and Geography.
Advanced Composites Market, Segmentation by Fiber Type
The Advanced Composites Market has been segmented by Fiber Type into Carbon Fiber Composites, Aramid Fiber Composites, S-Glass Composites, and Other Composites.
Carbon Fiber Composites
Carbon fiber composites dominate the advanced composites market, accounting for approximately 45% of total demand. These materials provide high strength-to-weight ratio, stiffness, and corrosion resistance, making them ideal for aerospace, automotive, and sports equipment applications.
Aramid Fiber Composites
Aramid fiber composites represent around 25% of market share. Known for their impact resistance, heat resistance, and lightweight properties, they are widely used in military, ballistic protection, and automotive applications.
S-Glass Composites
S-glass composites contribute approximately 20% of the market. These composites offer high tensile strength, thermal stability, and cost-effectiveness, making them suitable for marine, wind energy, and infrastructure applications.
Other Composites
The others category, including basalt fiber and hybrid composites, makes up the remaining 10% of market share. These materials are used in niche applications requiring customized performance characteristics and specialized properties.
Advanced Composites Market, Segmentation by Resin Type
The Advanced Composites Market has been segmented by Resin Type into Advanced Thermosetting Composites and Advanced Thermoplastic Composites.
Advanced Thermosetting Composites
Advanced thermosetting composites dominate the advanced composites market, accounting for approximately 60% of total demand. These materials offer high strength, thermal stability, and resistance to chemical degradation, making them widely used in aerospace, defense, and automotive applications.
Advanced Thermoplastic Composites
Advanced thermoplastic composites represent around 40% of market share. Known for their toughness, recyclability, and faster processing times, these composites are increasingly used in automotive, medical, and consumer electronics industries.
Advanced Composites Market, Segmentation by Manufacturing Process
The Advanced Composites Market has been segmented by Manufacturing Process into AFP/ATL, Compression Molding Process, Hand Layup/Spray Layup Process, Resin Transfer Molding Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, and Others.
AFP/ATL (Automated Fiber Placement/Automated Tape Laying) Process
AFP/ATL processes account for approximately 25% of the advanced composites market. These highly automated methods enable precision layups and consistent quality, widely used in aerospace and defense manufacturing.
Compression Molding Process
Compression molding represents around 20% of market share. It offers high-volume production and cost-efficiency for automotive, industrial, and sporting goods applications.
Hand Layup/Spray Layup Process
Hand layup and spray layup contribute approximately 15% of the market. These traditional methods provide flexibility and low tooling costs for custom composite structures and prototypes.
Resin Transfer Molding (RTM) Process
RTM holds about 10% of market share. This process allows for complex shapes and high-quality surface finishes, used in automotive components and industrial parts.
Filament Winding Process
Filament winding contributes around 10% of the market. It produces high-strength cylindrical components such as pressure vessels and pipes, ideal for oil & gas and chemical industries.
Injection Molding Process
Injection molding represents about 10% of market demand. It supports mass production and complex part geometries, commonly used in consumer electronics and medical devices.
Pultrusion Process
Pultrusion accounts for approximately 5% of the market. It offers continuous production of long composite profiles with consistent cross-sections, used in construction and infrastructure projects.
Others
The others category, including vacuum infusion and other hybrid processes, makes up the remaining 5% of the market. These methods cater to niche applications requiring custom performance characteristics.
Advanced Composites Market, Segmentation by End-Use Industry
The Advanced Composites Market has been segmented by End-Use Industry into Aerospace & Defense, Wind Energy, Transportation, Sporting Goods, Pipes & Tanks, Marine, Civil Engineering, Electrical & Electronics, Medical, and Others.
Aerospace & Defense
Aerospace and defense lead the advanced composites market, accounting for approximately 35% of total demand. These composites provide lightweight, high-strength solutions for aircraft structures, military vehicles, and protective gear.
Wind Energy
Wind energy represents around 15% of market share. Advanced composites offer durability and fatigue resistance in wind turbine blades and structural components.
Transportation
Transportation contributes approximately 15% of the market. These composites enhance fuel efficiency and structural performance in automotive, rail, and public transit applications.
Sporting Goods
Sporting goods account for around 10% of market share. Advanced composites provide lightweight, high-performance materials for bicycles, tennis rackets, and golf clubs.
Pipes & Tanks
Pipes and tanks represent about 10% of market demand. These composites offer corrosion resistance and mechanical strength in oil & gas, chemical processing, and water treatment systems.
Marine
Marine applications contribute approximately 5% of the market. Advanced composites deliver lightweight structures and resistance to saltwater corrosion for boat hulls and marine equipment.
Civil Engineering
Civil engineering holds around 5% of market share. These composites are used in bridge construction, reinforcement applications, and infrastructure projects requiring high durability.
Electrical & Electronics
Electrical and electronics applications represent about 3% of the market. Advanced composites are used in circuit boards, enclosures, and electromagnetic shielding components.
Medical
Medical applications account for approximately 1% of the market. Advanced composites are used in prosthetics, diagnostic equipment, and implantable devices due to their biocompatibility and durability.
Others
The others category, including consumer products and industrial tools, makes up the remaining 1% of the market. These applications leverage composites for lightweight and high-strength properties.
Advanced Composites Market, Segmentation by Geography
In this report, the Advanced Composites Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Advanced Composites Market Share (%), by Geographical Region
North America
North America accounts for approximately 30% of the advanced composites market. The region’s growth is driven by strong demand in aerospace, automotive, and defense sectors, alongside technological advancements and investments in composite manufacturing.
Europe
Europe represents around 25% of market share. The region benefits from a focus on sustainability and lightweight materials in automotive and renewable energy applications, including wind energy and infrastructure.
Asia Pacific
Asia Pacific leads the global market, contributing nearly 35% of total revenue. Rapid industrialization, expansion in aerospace and automotive sectors, and rising demand from electronics and construction industries in countries such as China, India, and Japan fuel growth.
Middle East and Africa
Middle East and Africa account for about 5% of the market. Increased investments in infrastructure and energy sectors are boosting demand for advanced composites in the region.
Latin America
Latin America holds the remaining 5% of market share. Growth is supported by expansion in automotive, wind energy, and consumer goods industries across the region.
Advanced Composites Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Advanced Composites Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunities Analysis
Drivers:
- Fuel efficiency through lightweighting
- Growth in wind energy projects
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Automotive and EV sector expansion - The rapid growth of the automotive and electric vehicle (EV) sectors is a major driver for the advanced composites market. As automakers prioritize lightweighting to improve fuel efficiency and extend EV range, materials like carbon fiber-reinforced polymers (CFRP) and glass fiber composites are being increasingly adopted. These composites offer superior strength-to-weight ratios, enabling better vehicle performance, reduced emissions, and compliance with tightening environmental regulations.
In the EV segment, advanced composites support the development of lightweight battery enclosures, structural parts, and thermal management components, all critical to safety and efficiency. Their corrosion resistance, design flexibility, and ability to withstand harsh operating conditions make them ideal for next-generation mobility solutions. As global demand for EVs accelerates, so does the need for innovative materials, positioning advanced composites as essential to the future of automotive manufacturing.
Restraints:
- Complex certification processes
- Recycling and Disposal Challenges
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Limited skilled labor availability - The advanced composites market faces a significant restraint due to the limited availability of skilled labor. Manufacturing and processing advanced composites require specialized expertise in material handling, precision fabrication, and quality control. The complexity of composite design and application, particularly in aerospace, automotive, and defense industries, demands a workforce with technical training and experience that is currently in short supply across many regions.
This shortage leads to production delays, increased operational costs, and inconsistent product quality, especially when scaling up for high-volume or custom applications. Without sufficient talent, companies struggle to fully adopt or expand advanced composite solutions, slowing innovation and reducing competitiveness. Bridging this skills gap is critical for accelerating the deployment of high-performance composites across key industrial sectors.
Opportunities:
- Technological Advancements
- Emerging Applications in Infrastructure
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Growing Investment in Research & Development - Increasing investment in research and development (R&D) is unlocking significant opportunities for the advanced composites market. Companies and research institutions are focusing on creating innovative materials that offer superior performance, lower environmental impact, and improved manufacturability. Efforts to develop bio-based and recyclable composites are gaining momentum, aligning with sustainability goals while expanding potential applications across aerospace, automotive, and construction industries.
At the same time, R&D is driving progress in automated production technologies like additive manufacturing and automated fiber placement, which enhance efficiency and reduce costs. These advancements enable large-scale use of composites in high-volume sectors and support greater design flexibility. As research efforts continue to yield advanced solutions, manufacturers are better positioned to meet industry demands for lightweight, durable, and cost-effective materials.
Advanced Composites Market Competitive Landscape Analysis
Key players in Advanced Composites Market include:
- Toray Industries, Inc.
- Recent Developments
- Teijin Limited
- Mitsubishi Chemical Holdings Corporation
- SGL Group
- Koninklijke Ten Cate BV.
- Huntsman International, LLC.
- Solvay
- Hexcel Corporation
- Hexion
- E. I. Du Pont Nemours & Co.
- Owens Corning
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Fiber Type
- Market Snapshot, By Resin Type
- Market Snapshot, By Manufacturing Process
- Market Snapshot, By End-Use Industry
- Market Snapshot, By Region
- Advanced Composites Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Fuel efficiency through lightweighting
-
Growth in wind energy projects
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Automotive and EV sector expansion
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- Restraints
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Complex certification processes
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Recycling and Disposal Challenges
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Limited skilled labor availability
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- Opportunities
- Technological Advancements
- Emerging Applications in Infrastructure
- Growing Investment in Research & Development
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Advanced Composites Market, By Fiber Type, 2021 - 2031 (USD Million)
- Carbon Fiber Composites
- Aramid Fiber Composites
- S-Glass Composites
- Other Composites
- Advanced Composites Market, By Resin Type, 2021 - 2031 (USD Million)
- Advanced Thermoplastic Composites
- Advanced Thermosetting Composites
- Advanced Composites Market, By Manufacturing Process, 2021 - 2031 (USD Million)
- AFP/ATL
- Compression Molding Process
- Hand Layup/Spray Layup Process
- Resin Transfer Molding Process
- Filament Winding Process
- Injection Molding Process
- Pultrusion Process
- Others
- Advanced Composites Market, By End-Use Industry, 2021 - 2031 (USD Million)
- Aerospace & Defense
- Wind Energy
- Transportation
- Sporting Goods
- Pipes & Tanks
- Marine
- Civil Engineering
- Electrical & Electronics
- Medical
- Others
- Advanced Composites Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN(Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Advanced Composites Market, By Fiber Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Toray Industries, Inc.
- Recent Developments
- Teijin Limited
- Mitsubishi Chemical Holdings Corporation
- SGL Group
- Koninklijke Ten Cate BV.
- Huntsman International, LLC.
- Solvay
- Hexcel Corporation
- Hexion
- E. I. Du Pont Nemours & Co.
- Owens Corning
- Company Profiles
- Analyst Views
- Future Outlook of the Market