Global Composites Market

Composites Market Size, Share, Growth Analysis, By Product (Carbon Fiber, Glass Fiber, Natural fiber, and Others), By End-Use (Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure, Wind Energy, Electrical & Electronics, Pipes & Tanks, Marine, and Others), By Manufacturing Process (Layup Process, Filament Winding Process, Injection Molding Process, Pultrusion Process, Compression Molding Process, Resin Transfer Molding Process, and Others), By Region -Industry Forecast 2026-2033

Report ID: SQMIG15E2791 | Region: Global | Published Date: July, 2025
Pages: 177 |Tables: 101 |Figures: 71

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  • Schineder Electric
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  • Halvo holdings
  • NTT corporation
  • AGC Inc
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  • Unilever
  • Merck Pharmaceuticals
  • Atlas Copco
  • Hologic - Medical Technology company
  • Novartis
  • Henkel
  • Reckitt
  • Schineder Electric
  • KSIA - Korea Semiconductor Industry Association
  • Hitachi Astemo Limited
  • Samsung Electronics
  • Halvo holdings
  • NTT corporation
  • AGC Inc
  • Siemens AG
  • Unilever
  • Merck Pharmaceuticals
  • Atlas Copco
  • Hologic - Medical Technology company
  • Novartis
  • Henkel
  • Reckitt

    • FAQs

    The fastest growing process is filament winding.  The filament winding process will be growing rapidly in the aerospace and recreation industries.  The filament winding process produces parts that are highly advantageous to the automotive and marine industries, including power shafts and pressure vessels.

    The automotive & transportation segment of end use is projected to grow the fastest, at a CAGR greater than 8%.  The focus on lightweight, fuel-efficient vehicles for improved emissions is driving this growth.

    Growth is expected to be driven by an increased demand for lightweight materials that are durable in the aerospace and automotive industries, advancements in material scientific capabilities, along with a demand for improved fuel efficiency and an emphasis on sustainability.

    Advancements in automated and 3D manufacturing, along with rising demand for lightweight composites in aerospace and automotive, are key trends shaping the market.

    India is the fastest growing country-level market in Asia Pacific. India operates in the fastest growing region, it had the largest share of the regional market with 24%.  Industrial growth in India, coupled with an increasing number of applications for composites will drive growth.

    There are many opportunity areas in the composites market, including advances in hybrid technologies, cost effective processes, increasing use of bio-based composites, and increased use of composite materials in automotive, aerospace, and infrastructure applications.

    Global Composites Market size was valued at USD 106.59 Billion in 2024 poised to grow between USD 114.15 Billion in 2025 to USD 197.61 Billion by 2033, growing at a CAGR of 7.1% in the forecast period (2026–2033).

    The global composites market outlook is highly competitive, with key players focusing on innovation, sustainability, and strategic expansion. Major companies include Toray Industries, Teijin Limited, Hexcel Corporation, SGL Carbon, and Mitsubishi Chemical Group. Toray and Teijin lead in carbon fiber innovation, while Hexcel invests in aerospace-grade composites. SGL Carbon emphasizes lightweighting for automotive, and Mitsubishi focuses on global partnerships and expanding advanced material portfolios to strengthen their market position. 'Toray Industries, Inc. (Japan)', 'Teijin Limited (Japan)', 'Hexcel Corporation (USA)', 'SGL Carbon SE (Germany)', 'Mitsubishi Chemical Group Corporation (Japan)', 'Owens Corning (USA)', 'Huntsman Corporation (USA)', 'Solvay S.A. (Belgium)', 'DSM Engineering Materials (Netherlands)', 'Gurit Holding AG (Switzerland)', 'Jushi Group Co., Ltd. (China)', 'Nippon Electric Glass Co., Ltd. (Japan)', 'Plasan Carbon Composites (USA)', 'UFP Technologies, Inc. (USA)', 'China Jushi Co., Ltd. (China)'

    The push for fuel efficiency and emission reduction has led to increased adoption of lightweight composite materials in automotive and aerospace sectors. Composites offer high strength-to-weight ratios, replacing metals in structural components. This trend significantly boosts demand, especially as electric vehicle and aircraft manufacturers prioritize energy efficiency and performance.

    Surge in Sustainable and Recyclable Composites: Growing environmental concerns are pushing manufacturers toward bio-based and recyclable composite materials. Innovations in thermoplastic resins and closed-loop recycling systems are enabling sustainable alternatives without compromising performance. These global composites market trend aligns with global regulations and boosts adoption across automotive, construction, and consumer goods sectors aiming for greener manufacturing solutions.

    What Role does Advanced Materials Play in Asia Pacific’s Growth?

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