Composites Market Size, Share, and Trends 2026 to 2035

Revenue, 2025

USD 125.60 Bn

Forecast Year, 2035

USD 224.28 Bn

CAGR, 2026 - 2035

5.97%

Report Coverage

Global

What is the Composites Market Size?

The global composites market size is valued at USD 125.60 billion in 2025 and is predicted to increase from USD 133.20 billion in 2026 to approximately USD 224.28 billion by 2035, expanding at a CAGR of 5.97% from 2026 to 2035. The composites market is driven by the increasing demand for lightweight materials in industries such as aerospace, automotive, and construction.

Composites Market Key Takeaways

• Asia Pacific dominated the composites market with the largest market share of 46% in 2025.
• By product, the glass fiber segment contributed the highest market share of 61% in 2025.
• By manufacturing process, the layup process segment has held the largest market share of 36% in 2025.
• By end-use, the automotive and transportation segment accounted for the highest market share of 22% in 2025.

Market Size and Forecast

• Market Size in 2025: USD 125.60 Billion
• Market Size in 2026: USD 133.20 Billion
• Forecasted Market Size by 2035: USD 224.28 Billion
• CAGR (2026-2035): 5.97%
• Largest Market in 2025: Asia Pacific
• Fastest Growing Market: North America

What are composites?

The composites market is generally driven by the rapid investment in the advanced materials industry coupled with increasing demand for light-weight automotive components. A composite is an advanced material that is manufactured from two or more distinct constituent substances that are combined to form a new material with unique properties.

Composites are a combination of two or more constituent materials with different chemical or physical properties. They have two main components within a composite, such as the fiber and matrix. The major trends that are gaining traction in the composites industry in 2026 are the rise of AI-native engineering, material innovations, sustainability regulation, and geopolitical rearmament. The global trends are enhancing the strategic importance of repairable, lightweight, circular, and automated materials systems.

Integration of AI in the composites industry

By predicting material properties using machine learning algorithms, data-driven approaches for material optimization, and generative models for exploring novel material compositions. AI algorithms can help researchers evaluate many variables more efficiently, reducing the time and costs associated with experimental testing.

AI has transformed the manufacturing of polymer composites and enhanced precision, efficiency, and sustainability, while reducing energy and waste consumption. AI enables more sustainable, faster, and smarter manufacturing of lightweight polymer composites for modern engineering. AI creates cohesive manufacturing workflows to bridge the gaps between design and quality control.

What are the Potential Growth Factors in the Composites Market

• The composite materials are in high demand due to their widespread use across automotive components, wind energy blades, construction reinforcements, and defense and aerospace applications.
• This growth is primarily driven by the demand for lightweight carbon fiber composites and their wide use in automotive and EV manufacturing.
• The infrastructure investments are fueling development across smart cities, port development, highways, and metro rail.
• This infrastructure and construction boom creates strong demand for high-performance construction materials.
• The increased focus on sustainability and material efficiency are encouraging investments in recyclable thermoplastic and thermoset composites globally.

Composites Market Outlook

• Industry Growth Overview: Between 2025 and 2030, this market is expected to grow significantly due to the growing demand for advanced composites from the aerospace sector coupled with surging use of carbon fiber composites in the sports industry.
• Major Investors: Various composite manufacturers and strategic investors are actively entering this market, drawn by joint ventures, R&D and launches. Several composite brands such as SGL Carbon SE, Endeavor Composites, Plafco Fibertech and some others have started investing rapidly for developing advanced composites for the end-user industries.
• Sustainability Trends: The rising emphasis of composite manufacturers to develop eco-friendly composites is an ongoing trend in this market.
• Startup Ecosystem: Several startup companies are engaged in developing composites for the end-user industry. The top startup brands dealing in composites includes 9T Labs, CompPair Technologies, Plafco Fibertech and some others.
• Global Expansion: The market is growing worldwide due to increasing demand for lightweight, high-strength materials across automotive, aerospace, construction, and renewable energy sectors. Emerging countries offer significant opportunities as rapid industrialization, infrastructure development, and adoption of advanced manufacturing technologies drive demand for cost-effective and durable composite materials.

Composites Market Scope

Market Dynamics

Drivers

Easy Production of Composites:

Previously, engineers had to create composites via a complicated lay-up procedure, which was time-consuming and limited the design geometry. This has been altered via Digital Composite Manufacturing (DCM). A unique manufacturing method called DCM creates composite parts devoid of physical labor. With DCM, composites can be locally or globally customized in three dimensions to produce the ideal strength, density, and flexibility for the project. Engineers may now design with the freedom of 3D printing and the high performance of composites thanks to DCM. As a result, this factor will likely contribute to growth in the composites market.

Demand for new design opportunities:

Design alternatives are available with composites that are difficult to attain with conventional materials. Item consolidation is possible with composites; a single composite part can take the place of an entire assembly of metal parts. Any finish, from smooth to textured, can be imitated by changing the surface texture. Because fibreglass can be moulded into a variety of boat designs, composite materials make up over 90% of recreational boat hulls. These advantages, which can be used in numerous industries, shorten manufacturing times and lower maintenance costs over time.

Restraints

High Cost of Composites:

Compared to other structural building materials that are utilized for similar tasks, carbon fibre products are more expensive. However, initially less expensive materials like aluminum and steel demand more labor due to their weight. Additionally, carbon fibre carries heat and electricity, making it a poor choice for building projects involving either of these substances. Consequently, this might hamper the market for composites.

Opportunities

Increase in the Production of eVTOLs:

Electric vertical takeoff and landing (eVTOL) aircraft are not the only application for composites in the transportation sector. It is no secret that composites are successful in the aerospace, automotive, and marine end sectors. An advantage for the composites industry is the eVTOL sector. For instance, the Boeing 787, which served as a trailblazer for the use of composites in aircraft, contains almost 50% composite material in its structure. The figures are substantially lower for the automotive sector, with composite materials making up 8–12% of the weight of light automobiles. However, regardless of the manufacturer, that percentage increases to an average of 70% of the material mix for eVTOLs.

Since battery power will be used by the majority of eVTOLs, lightweight is required in several ways, i.e., making lighter components and choosing designs that require fewer components. Additionally, eVTOLs have stringent structural specifications. Composites are a logical solution for eVTOL producers as a result. Composites will be used in every cubic meter of an eVTOL, from large secondary components like clips and brackets to small secondary structures like fuselages and wings. As a result, the composites industry will experience lucrative growth in the near future.

Segmental Insights

Product Type Insights

How does the Glass Fiber Segment Dominate the Composites Market in 2025?

The glass fiber segment dominated the market in 2025, owing to structural versatility, cost-efficiency, and accelerating demand across automotive, renewable energy, and infrastructure sectors. The other major growth factors are the rapid scaling of wind and renewable energy, the electric vehicle boom, and automotive lightweighting.
The carbon fiber segment is expected to grow at the fastest CAGR in the market during the forecast period due to stricter fuel efficiency regulations and the shift toward renewable energy. The innovations in automated manufacturing and green energy transition are driving the demand for carbon fibers.

Resin Type Insights

What made Thermosetting the Dominant Segment in the Composites Market in 2025?

The thermosetting segment dominated the market in 2025, owing to the benefits of using thermoset composites, which include design flexibility, cost, improved productivity, and thermal resistance. Thermoset composites offer lower raw material cost and lower cost per cubic inch.

The thermoplastic segment is estimated to grow at the fastest rate in the market during the predicted timeframe because thermoplastic polymers hold the promise to increase sustainability, circularity, and production rates. Large-scale recycling is possible due to the use of thermoplastic material, and it is widely applicable to benefit the environment and business.

Manufacturing Process Type Insights

How did the Layup Process Segment Dominate the Composites Market in 2025?

The layup process segment dominated the market in 2025, owing to this precise practice that transforms resin and fibers into high-performance engineered materials. The composite layup is important for aerospace engineers, electric vehicle designers, and robotic teams. The materials used in the composite layup process are carbon fiber with an epoxy matrix, carbon fiber with thermoplastic matrices, hybrid laminates, etc.

The resin transfer molding process segment is anticipated to grow at the fastest rate in the market during the upcoming period due to its advantages, such as superior control of resin content and fibre replacement for increased precision, quality maintenance at scale, and many more. This process benefits many industries, including automotive, marine, aerospace, wind, and defense.

End Use Insights

Why did the Automotive & Transportation Segment Dominate the Composites Market in 2025?

The automotive & transportation segment dominated the market in 2025, owing to the importance of composite materials in transforming vehicle design, driving efficiency, and boosting innovation within the automotive industry. These materials integrate several components to produce lightweight, robust structural components that enhance fuel efficiency and performance.

The wind energy segment is predicted to grow at a rapid rate in the market during the studied period due to the integral role of composites in wind energy generation, driven by reduced noise, environmental impact, no risk of corrosion, high strength, lighter blades, design flexibility, and enhanced cycle fatigue resistance. The lighter blades boost the energy capture levels and efficiency.

Regional Insights

What is the Potential of the Composites Market in the Asia Pacific?

Asia Pacific is expected to grow at the fastest CAGR in the market during the forecast period due to regional powerhouses and policy support, electronics manufacturing, advanced manufacturing processes, and heavy investments in wind energy infrastructure. Government initiatives are accelerating the adoption of lightweight materials to expand domestic aerospace, meet green energy targets, and advance electric vehicle ecosystems. The advanced materials framework is building on the evolution of high-tech manufacturing policies.

What is the Asia Pacific Composites Market Size?

The Asia Pacific composites market size is evaluated at USD 57.15 billion in 2025 and is predicted to be worth around USD 102.33 billion by 2035, rising at a CAGR of 6% from 2026 to 2035.

How is the Expansive Reach of the Composites Market in India?

India is advancing in the market through the fruitful opportunities for composites in transportation, pipe and tanks, wind energy, construction, aerospace and defense, marine, and electrical and electronics end use industries. India heavily depends on imports to meet its growing needs for carbon fiber across wind energy, electric mobility, and aerospace manufacturing.

How does North America dominate the Composites Market in 2025?

North America dominated the market in 2025, owing to escalating demand for high-performance, lightweight materials, climate policies, emissions regulations, sustainable innovations, and high-precision manufacturing. Government policies and spending are prioritizing advanced composites such as thermoplastic composites, carbon fiber, and ceramic matrix composites as critical technologies. Net-zero mandates have targeted regional grants that support the adoption of bio-based resin technologies and automated fiber replacement. Strict updates to climate and emissions have encouraged industrial sectors to adopt advanced composite materials.

How can the Composites Market Contribute to the Growth of the U.S.?

The U.S. is advancing due to increasing wind energy installations, expanding aerospace and defense programs, and rising electric vehicle automotive manufacturing. The federal and state policies are shifting the market toward circular, lightweight, and automated materials. Targeted funding has led to composite automation to rapidly scale up the production of composites.

Why is Europe considered a significantly growing region in the Composites Market?

Europe is expected to grow at a significant rate in the market during the studied period due to strict climate regulations, aviation fleet modernization, and industrial transition toward highly recyclable thermoplastic composites. The European Composites Industry Association has set up the European Circular Composites Alliance. It represents the industry-specific sector groups and European national composites associations at the EU level. It drives collective action to build sustainable, circular value chains for composite materials.

What is the Key Role of the Composites Market in Germany?

Germany is growing and expanding in the market due to advanced manufacturing in 3D printing technologies, the wide use of high-performance composite filaments, and high-speed rail modernization. AVK and Composites United are two strong organizations of the German composites industry that aim to strengthen the German composites industry and research with the Composites Germany Trade Association.

Which Major Growth Factors Drive the Notable Growth of the Composites Market in Latin America?

Latin America is expected to grow at a notable rate in the market during the predicted timeframe, driven by rising urban development, high adoption of wood plastic composites and glass fiber materials, and large consumers of carbon fiber and thermoplastic composites. In March 2026, the International Finance Corporation (IFC) launched a regional initiative to boost investment in plastic circularity in Latin America, Brazil, and the Caribbean. This circular economy provides a multi-trillion-dollar opportunity to create jobs, build resilience, and boost innovation.

How can the Composites Market Expand in Brazil?

Brazil is transitioning toward high-performance industries that are rapidly shifting toward advanced production methods like servo-driven injection molding and continuous processing platforms. The industry decarbonisation investment program of Brazil aims to support countries that advance their economies and take advantage of the rapidly growing market for green industrial products.

How does the Composites Market Majorly Impact the Significant Growth of MEA?

MEA is expected to grow significantly in the market in the coming years, propelled by economic diversification and green mandates, localized supply chains, sustainability, and material transition. The Middle East is dedicated to rapidly deploying delivery models and delivering world-scale transformation. This regional success is driven by a collaborative work of systems, energy models that support industry, and cities that function under heat and resource stress. Governments are focusing on ensuring the safety, efficiency, and affordability of assets.

What is the Major Footprint of Saudi Arabia in the Composites Market?

Saudi Arabia is transforming due to mega-developments and green building mandates under Saudi Vision 2030, domestic production goals, and expansion of industrial sectors. This country introduced the Standard Incentives Program for the industrial sector to reduce reliance on imports and strengthen local manufacturing capabilities.

Trade Analysis for the Composites Market

• The number of composite material exports for July 2024 to June 2025 from was 79,406 during the period from, exported by 8,324 exporters and 7,270 buyers.
• China has been identified as the most significant exporter of composite materials through 27,974 exports due to the presence of a developed industry and composite production knowledge.
• The second-largest exporting country was Germany with 22,922 composite exports, which resulted from increased demand in the automotive, aerospace, and engineering industries.
• Composite material exports from Italy were 17,381 owing to increased production of industrial parts.
• Ukraine has become one of the major composite material importers, resulting from an increase in the process of industrial rebuilding and manufacturing.
• The United States and Uruguay have also been recognized as some of the leading countries importing composite materials.

What are the Government Initiatives in the Composites Market?

• The United States Department of Energy backs up the research conducted at IACMI to help make lightweight and easily recycled composites for use in aircraft, cars, and other clean energy industries.
• China focuses on the development of composite materials with its “Made in China 2026” program, which encourages the production of light goods, automobiles, alternative energy systems, and innovative materials.
• The Government of India promotes the growth of composite materials via the “Make in India” initiative, alongside government funding for aerospace & defense manufacturing, renewable energy systems, and smart cities.
• The European Union promotes recyclable and biocomposites using the Waste Framework Directive.

Value Chain Analysis

• Raw Material Production
  This stage involves the manufacturing of base materials such as polymers, fibers, resins, and additives that form the foundation of composite materials.
  Key players: DuPont, BASF, Toray Industries, Mitsubishi Chemical, Owens Corning
• Composite Material Manufacturing
  Raw materials are processed into intermediate or finished composite forms such as prepregs, laminates, sheets, and molded parts using techniques like pultrusion, filament winding, and resin transfer molding.
  Key players: Hexcel Corporation, Gurit Holding AG, SGL Carbon, Huntsman Corporation, Solvay
• Component Fabrication
  Composite materials are converted into specific components for industries such as aerospace, automotive, wind energy, and construction.
  Key players: Boeing, Airbus, General Motors, Ford, Siemens Gamesa

Competitive Landscape

The composites market is dominated by Hexcel Corporation, Hexion Inc., Strongwell, Huayuan Advanced Materials Co., Ltd., Toray Industries Inc., JPS Composite Materials, Aerovac LLC, Axiom Materials, Advanced Composite Materials, Inc., and Performance Composites. The main products of these top companies are carbon fiber, fabrics/reinforcements, amino resins, oil and gas technologies, fiberglass reinforced polymer, bulk molding compound, fabric styles, and many more. These leading composite manufacturers have an established customer base, a good reputation in the industry, positive reviews, and a long-term business track record. Moreover, they have good working relationships with numerous suppliers, while holding onto honesty and integrity. The R&D funding trends are thermoplastic matrix, circular end-of-life supply chains, next-gen mobility, and hydrogen storage.

Key Players: Offerings and strategies to shape the industrial landscape

• PPG Industries, Inc.: PPG Industries, Inc. is a global company based in Pittsburgh, Pennsylvania, that manufactures and distributes a wide variety of paints, coatings, and specialty materials. Founded in 1883 as the Pittsburgh Plate Glass Company, it serves numerous markets, including automotive, aerospace, construction, and consumer products.
• Toray Industries, Inc.: Toray Industries is a Japanese multinational corporation specializing in advanced materials and chemical manufacturing, founded in 1926. The company operates in a wide range of sectors, including fibers and textiles, performance chemicals, carbon fiber composite materials, life sciences, and environmental engineering.
• Owens Corning: Owens Corning is a global building and composite materials company that develops and manufactures insulation, roofing, and fiberglass composites. This company was founded in 1938 that is known for its material science expertise and operates in various markets, with products used in commercial and residential buildings, and in applications for automotive, transportation, and energy industries.
• Hexcel Corporation: Hexcel Corporation is an American company that develops and manufactures high-performance, lightweight composite materials such as carbon fibers, honeycomb, and prepregs for commercial aerospace, defense, space, and industrial markets. Its products are used in numerous applications such as aircraft structures, wind turbine blades, satellites, and high-performance sporting goods and vehicles
• DuPont: DuPont is a global science and innovation leader that develops and provides technology-based materials and solutions across a wide range of industries, including electronics, water, healthcare, and transportation. Founded in 1802, the company has a long history of innovation, and its products are used in applications from water purification and medical devices to automotive components and safety materials such as Kevlar and Tyvek.

Segments Covered in the Report

By Product Type

• Glass Fiber
• Carbon Fiber
• Others

By Resin Type

• Thermoplastic
• Thermosetting
• Others

By Manufacturing Process Type

• Injection Molding Process
• Resin Transfer Molding Process
• Pultrusion Process
• Layup Process
• Filament Winding Process
• Compression Molding Process
• Others

By End Use

• Electrical & Electronics
• Automotive & Transportation
• Wind Energy
• Aerospace & Defense
• Pipes & Tanks
• Construction & Infrastructure
• Marine
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Middle East & Africa
• Latin America