Plastic Composites Market

By Product ;

Polyethylene, Polypropylene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, and Polystyrene

By Formulation;

Extrusion, Injection Molding, and Compression Molding

By End Use;

Automotive Components, Building & Construction, Industrial, Consumer Products, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn144477859 Published Date: August, 2025

Introduction

Global Plastic Composites Market (USD Million), 2021 - 2031

In the year 2023, the Global Plastic Composites Market was valued at USD 6,340.62 million. The size of this market is expected to increase to USD 12,999.00 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 10.8%.


Plastic Composites Market

*Market size in USD million

CAGR 10.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)10.8 %
Market Size (2024)USD 7,025.40 Million
Market Size (2031)USD 14,402.89 Million
Market ConcentrationLow
Report Pages375
7,025.40
2024
14,402.89
2031

Major Players

  • Dow, Inc.
  • DuPont
  • Evonik Industries AG
  • Sumitomo Chemical Co., Ltd.
  • Arkema
  • Celanese Corporation
  • Eastman Chemical Company
  • Chevron Phillips Chemical Co., LLC
  • Lotte Chemical Corporation
  • Exxon Mobil Corporation

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Plastic Composites Market

Fragmented - Highly competitive market without dominant players


The Global Plastic Composites Market represents a dynamic and rapidly evolving sector at the intersection of materials science and manufacturing innovation. Plastic composites, known for their versatility and enhanced performance characteristics, are composed of a combination of thermoplastic or thermoset polymers reinforced with fibers, fillers, or other additives. These materials offer superior strength-to-weight ratios, durability, resistance to corrosion, and design flexibility compared to traditional materials like metals and wood.

The market's growth is driven by their widespread adoption across diverse industries such as automotive, aerospace, construction, and consumer goods, where they are utilized in applications ranging from structural components to decorative finishes. As technological advancements continue to improve material properties and manufacturing processes, the Global Plastic Composites Market is poised for expansion, driven by increasing demand for lightweight, durable, and environmentally sustainable solutions across global markets.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Formulation
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Plastic Composites Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Lightweight properties

        2. Durability and strength

        3. Versatile applications

      2. Restraints
        1. High production costs

        2. Performance variability

        3. Regulatory compliance

      3. Opportunities
        1. Innovations in technology

        2. Growing construction sector

        3. Automotive industry demand

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Plastic Composites Market, By Product, 2021 - 2031 (USD Million)
      1. Polyethylene

      2. Polypropylene

      3. Polyvinyl chloride

      4. Acrylonitrile Butadiene Styrene

      5. Polystyrene

    2. Plastic Composites Market, By Formulation, 2021 - 2031 (USD Million)

      1. Extrusion

      2. Injection Molding

      3. Compression Molding

    3. Plastic Composites Market, By End Use, 2021 - 2031 (USD Million)
      1. Automotive Components

      2. Building & Construction

      3. Industrial

      4. Consumer Products

      5. Others

    4. Plastic Composites Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Dow, Inc.
      2. DuPont
      3. Evonik Industries AG
      4. Sumitomo Chemical Co., Ltd.
      5. Arkema
      6. Celanese Corporation
      7. Eastman Chemical Company
      8. Chevron Phillips Chemical Co., LLC
      9. Lotte Chemical Corporation
      10. Exxon Mobil Corporation
  7. Analyst Views
  8. Future Outlook of the Market