Composites Market Overview
According to DMI analysis, the global composites market was valued US$ 135.22 Billion in 2025 and is expected to reach US$ Billion in 2033 growing at a CAGR of 81.1% during the forecast period (2026-2033).
A major driver of the composites market is the global push for lightweight materials that improve fuel efficiency and reduce emissions across industries. In aerospace, automotive, and wind energy, manufacturers are replacing metals with composites for performance gains.
For instance, in Sept 2024, Toray Advanced Composites launched Toray Cetex TC1130, a high-performance PESU thermoplastic composite designed for aircraft interiors. This innovation supports lighter aircraft components and reflects growing demand for materials that balance strength with weight savings.
The combined focus on efficiency and sustainability expands composites into new sectors, driving market growth across industries like wind energy, EVs, and construction. Wind turbine blades and electric vehicles increasingly use composites because they offer strength without weight.
Innovations like Toray’s new thermoplastic composite show how aerospace trends are influencing broader markets. Therefore, the composites market continues to grow as industries seek high-performance, sustainable materials.
Market Scope
| Metrics | Details |
| CAGR | 8.23% |
| Size Available for Years | 2025-2033 |
| Forecast Period | 2026-2033 |
| Data Availability | Value (US$) |
| Segments Covered | Fiber, Resin, End-User and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The need for composites is increasing in the wind energy, aerospace & defense and automotive & transportation industries. However, due to COVID-19, sales in various industries have decreased, resulting in lower demand for composites.
After COVID-19, government stimulus packages will push the composites market
To reduce the detrimental impact on the economy, it is critical to limit the infection. Countries have proposed various measures to stem the spread of the virus, boost consumer spending and stimulate economic activity. China, the first country to be hit by COVID-19, has announced a US$ 180 billion fiscal stimulus program aimed at epidemic prevention, medical equipment manufacturers, insurance payouts and tax relief, among other things.
In addition, the government has committed US$ 430 billion in liquidity injections into the banking system to help micro and small businesses. Other measures taken to boost economic activity include lower repo and report rates.
Rising demand for composites in emerging economies
The composites industries have traditionally focused on Japan, North America and Europe. However, there has been a considerable movement toward rising economies in Asia-Pacific and the rest of the world. For example, due to a significant desire for low-cost carriers and demand for glass fiber and carbon fiber composites in aircraft, wind energy and transportation sectors have surged in emerging economies like India, Brazil and China. Countries like China have started many research projects using glass fiber and carbon fiber composites.
Furthermore, cyclic sectors such as automotive, pipe & tanks and building & infrastructure are predicted to increase fast due to the rapid economic growth and industrialization in emerging nations, fueling demand for GFRP and CFRP. Furthermore, demand for composites in the construction and infrastructure industry and pipes and tanks are predicted to rise during the projection period due to upgrading, maintaining and forming new cities with water treatment facilities.
Lack of standardized manufacturing methods
Composites' penetration in various areas, including sporting goods, marine and consumer products, is still limited by manufacturing and non-recurring development expenses. The principal concerns are design consistency, process standardization and maintenance technology.
Manufacturers are bound to choose conservative designs due to a lack of standardization of materials and processes, which impedes mass manufacturing and the economic performance of automobiles and aircraft. Furthermore, a shortage of people resources with composites training and experience limits the scope of composites' uses.
Regulatory Analysis
| Region / Country | Regulatory body | Implication for composites market | Opportunity for players |
| US | Federal Aviation Administration (FAA); Environmental Protection Agency (EPA); Occupational Safety and Health Administration (OSHA); ASTM International | Aerospace composites must comply with stringent FAA certification and safety testing requirements, increasing compliance costs but ensuring high performance and reliability. EPA regulations on emissions and waste influence resin formulations and VOC usage, while OSHA rules govern safe handling of fibers and chemicals in manufacturing environments. | Strong positioning in high-performance aerospace and defense composites, development of low-VOC and environmentally compliant materials, and expansion of advanced testing, certification, and ASTM-aligned standardization services. |
| European Union (EU) | European Chemicals Agency (ECHA – REACH); CLP and RoHS regulations; Construction Products Regulation (CPR); ISO and EN standards | REACH imposes strict chemical registration and usage restrictions affecting composite materials used in automotive, aerospace, and energy applications. EU climate and sustainability policies promote lightweight and recyclable composites, while CPR mandates CE marking and performance compliance for construction composites. | Accelerated demand for sustainable, recyclable, and bio-based composites aligned with the EU Green Deal, early-mover advantage for REACH-compliant materials, and improved export competitiveness through harmonized standards. |
| India | XX | XX | XX |
| China | XX | XX | XX |
| XX | XX | XX | XX |
Market Segment Analysis
By fiber, the composites market is segmented into glass fiber, carbon fiber, natural fiber and others.
Unique properties of glass fiber
Fiber is ideal for composite manufacturing because of its high rigidity and strength. Furthermore, glass fibers come in a variety of grades, each of which has exceptional heat resistance. Glass fiber is utilized in a variety of applications in the building, wind energy, pipes & tanks, marine and transportation industries due to its exceptional properties such as strength, flexibility, durability, stability, low weight and resistance to heat, temperature & moisture.
It is utilized in various applications in the transportation industry, including underbody systems, deck lids, front-end modules, bumper beams, engine covers, instrument panels and air ducts. The outbreak of COVID-19 in India and China's key glass fiber composite manufacturing countries has slowed demand for glass fiber-based composites.
Market Geographical Analysis
North America
North America holds a significant share in the global composites market due to its strong aerospace, automotive, defense, and renewable energy industries, all of which rely heavily on lightweight and high-performance materials.
The region’s advanced manufacturing infrastructure and robust R&D ecosystem drive innovation in composites, supporting large-scale production and adoption. This leadership has helped North America maintain a major role in global demand and technology development.
This market strength is further reinforced by growing sustainability initiatives, especially in wind energy, where composites are widely used in turbine blades. In December 2024, the US DOE announced a US$20 million funding opportunity to improve wind turbine recycling, specifically targeting fiber-reinforced composites and rare earth magnets.
This initiative supports the region’s shift toward circular economy practices and strengthens North America’s competitive edge by improving recyclability and securing domestic material supply for future composite growth.
Market Competitive Landscape
Major global Composites market companies include Owens Corning, Toray Industries Inc., Solvay SA, Teijin Limited, SGL Carbon SE, Hexcel Corporation, Nippon Electric Glass Co. Ltd., Huntsman International LLC, Hexion and Gurit Holding AG.
COVID-19 Impact Analysis
Manufacturers' supply of current orders was also disrupted due to travel and trade restrictions. As a result, the composites industry faced considerable challenges maintaining uninterrupted supply chains throughout the COVID-19 outbreak. The demand for sports equipment has reduced due to the postponing of events and international sports competitions.
Furthermore, being one of the largest consumers of composites, aerospace and defense has seen the worst and most immediate effects of the pandemic. The aviation industry has suffered due to international and domestic border closures. It has had a significant impact on composites demand.
Russia-Ukraine War Impact
Supply chain inefficiencies may arise from time delays, labor shortages, transportation route congestion or protracted customs processes. The inefficiencies incur costs that lead to higher consumer prices. The qualitative impact is akin to a tax or tariff, resulting in efficiency losses for the economy. The recent surge in inflation 8.5% year-over-year in March can be attributed to various factors, including supply chain issues. The issues have intensified price increases in industries experiencing significant demand growth and shortages of essential resources.
The Russia-Ukraine war is expected to further exacerbate and prolong global supply chain disruptions. Although U.S. engages in minimal direct trade with Ukraine or Russia, certain American businesses and industries are significantly exposed to the war's impact. Sectors such as energy, food and semiconductors are likely to be most affected. While U.S. does not completely depend on imports for these products, their prices are determined in global markets.
By Fiber
- Glass Fiber
- Carbon Fiber
- Natural Fiber
- Others
By Resin
- Thermoset
- Thermoplastic
By End-User
- Aerospace and Defense
- Automotive & Transportation
- Construction & Infrastructure
- Pipes & Tanks
- Electrical & Electronics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
September 2025- Toray Advanced Composites launched Toray Cetex TC1130 PESU, a new high-performance thermoplastic composite designed for aircraft interior applications. The lightweight, recyclable material supports monolithic and sandwich panel structures, offering improved fire, smoke and toxicity performance, high impact resistance, and cost-effective processing. The launch reinforces Toray’s focus on sustainable, circular material solutions for the aerospace industry.
August 2025- Rocket Lab ushered in a new era of rocket manufacturing with the installation of the world’s largest automated fiber placement (AFP) machine to produce carbon-composite structures for its Neutron rocket. The 90-ton robotic system automated high-speed carbon fiber layup with real-time inspection, significantly improving quality and efficiency while saving more than 150,000 production hours. This advancement highlighted a broader industry shift toward carbon composites, which offered reduced weight, greater strength, and enhanced thermal resistance for next-generation space vehicles.
Why Purchase the Report?
- Visualize the composition of the composites market segmentation by fiber, resin, end-user and region, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the composites market by analyzing trends and co-development deals.
- Excel data sheet with thousands of composites market-level 4/5 segmentation points.
- Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global composites market report would provide access to an approx. 61 market data tables, 56 figures and 205 pages.
Target Audience 2026
- Composites Service Providers/Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Emerging Companies
- Composites Manufacturers
