Composites Market Size, Trends, Analysis, and Outlook By Fiber (Glass Fiber, Carbon Fiber, Natural Fiber, Others), By Resin (Thermoset, Thermoplastic), By End-User (Aerospace & Defense, Wind Energy, Transportation, Construction, Others), By Manufacturing

Composites Market Size, Trends, Analysis, and Outlook By Fiber (Glass Fiber, Carbon Fiber, Natural Fiber, Others), By Resin (Thermoset, Thermoplastic), By End-User (Aerospace & Defense, Wind Energy, Transportation, Construction, Others), By Manufacturing Process (Lay-up, Filament Winding, Injection Molding, Pultrusion, Compression Molding, RTM, Others), by Country, Segment, and Companies, 2024-2032


The Composites Market is forecast to reach USD XX in 2032, registering a growth rate of 9.167% from current market size of USD XX in 2024. The Composites market is growing rapidly due to the increasing demand for lightweight and high-performance materials in aerospace, automotive, and construction industries. Composites offer superior strength-to-weight ratios, durability, and design flexibility. Technological advancements in composite materials and manufacturing processes enhance performance and cost-effectiveness. The trend towards fuel-efficient vehicles and sustainable construction supports market growth, aligning with regulatory requirements and consumer preferences. Innovations in composite technologies further drive demand in various sectors. The Composites market is growing rapidly due to the increasing demand for lightweight and high-performance materials in aerospace, automotive, and construction industries. Composites offer superior strength-to-weight ratios, durability, and design flexibility. Technological advancements in composite materials and manufacturing processes enhance performance and cost-effectiveness. The trend towards fuel-efficient vehicles and sustainable construction supports market growth, aligning with regulatory requirements and consumer preferences. Innovations in composite technologies further drive demand in various sectors.

Composites Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study delves into the latest trends and pressing challenges for industry players and investors. The Composites market research analyzes global market trends, key drivers, challenges, and opportunities. The "Future of Composites" survey report provides a market size outlook across types, applications, and other segments worldwide and by region. It offers data-driven insights and actionable recommendations for companies in the Composites industry.

Key market trends defining the global Composites demand in 2024 and Beyond

The industry remains an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play major roles.

Composites Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Composites industry comprises a wide range of segments and sub-segments. Rising demand for these product types and applications supports increased investments in niche segments. Leading companies plan to generate a large share of their future revenue growth from expanding into these niche segments. The report presents a market size outlook across segments, supporting Composites companies scaling up production in these sub-segments with a focus on emerging countries.

Key strategies adopted by companies within the Composites industry

Leading Composites companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Additionally, companies leverage advanced technologies to unlock opportunities and achieve operational excellence. The report details the key strategies adopted by the top 10 Composites companies.

Composites Market Study- Strategic Analysis Review

The Composites market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions. This includes:
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Composites Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Composites industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Composites Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Composites Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Composites market segments. Similarly, strong market demand encourages Canadian Composites companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Composites Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Composites industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Composites market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Composites Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust consumption expenditure, and increasing investments in infrastructure drive the demand for Composites in Asia Pacific. In particular, China, India, and South East Asian Composites markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Composites Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Composites Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Composites market potential. Fueled by increasing consumption expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Composites.

Composites Market Company Profiles

The global Composites market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are AGY, Asahi Fiber Glass Co. Ltd, China Jushi Co. Ltd, Chongqing Polycomp International Corp (CPIC), Gurit Holding AG, Hexcel Corp, Hexion Inc, Huntsman International LLC, Hyosung Advanced Materials, Ineos Capital Ltd, Mitsubishi Chemical Holdings Corp, Nippon Electric Glass Co. Ltd, Owens Corning, Saint-Gobain, SGL Carbon SE, Solvay S.A., Taishan Fiberglass Inc, Teijin Ltd, Weyerhaeuser Company, Zhongfu Shenying Carbon Fiber Co. Ltd

Recent Composites Market Developments

The global Composites market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Composites Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Fiber

Glass Fiber

Carbon Fiber

Natural Fiber

Others

By Resin

Thermoset

Thermoplastic

By End-User

Aerospace & Defense

Wind Energy

Transportation

Construction

Others

By Manufacturing Process

Lay-up

Filament Winding

Injection Molding

Pultrusion

Compression Molding

RTM

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

AGY

Asahi Fiber Glass Co. Ltd

China Jushi Co. Ltd

Chongqing Polycomp International Corp (CPIC)

Gurit Holding AG

Hexcel Corp

Hexion Inc

Huntsman International LLC

Hyosung Advanced Materials

Ineos Capital Ltd

Mitsubishi Chemical Holdings Corp

Nippon Electric Glass Co. Ltd

Owens Corning

Saint-Gobain

SGL Carbon SE

Solvay S.A.

Taishan Fiberglass Inc

Teijin Ltd

Weyerhaeuser Company

Zhongfu Shenying Carbon Fiber Co. Ltd

Formats Available: Excel, PDF, and PPT


Chapter 1: Executive Summary
1.1 Study Scope
1.2 Market Definition
1.3 Report Guide
1.3.1 Country Coverage
1.3.2 Companies Profiled
1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
1.3.4 Units
1.4 Abbreviations
Chapter 2. Composites Market Overview- H2 2024
2.1 An Introduction to the Global Composites Markets
2.2 Key Statistics
2.3 Region Benchmarking, 2024
2.4 Country Positioning Matrix, 2024
Chapter 3. Strategic Analysis Review
3.1 Composites Industry Stakeholders
3.2 Value Chain Analysis
3.3 Porter’s Five Forces Analysis
3.4 SWOT Profile
3.5 Recent Market Developments
Chapter 4. Impact Analysis and Scenario Forecasts
4.1 Russia-Ukraine Conflict Analysis
4.2 COVID-19: Post Pandemic Recovery Analysis
4.3 US Inflation and Sluggish Growth in China
4.4 Focus on Sustainability
4.5 Low Growth Case Scenario: Global Composites Market Outlook to 2032
4.6 Reference Case Scenario: Global Composites Market Outlook to 2032
4.7 High Growth Case Scenario: Global Composites Market Outlook to 2032
Chapter 5: Composites Market Dynamics
5.1 Key Composites Market Trends
5.2 Potential Composites Market Opportunities
5.3 Key Market Challenges
Chapter 6: Global Composites Market Analysis and Outlook to 2032
6.1 Global Market Outlook by Segments, 2021 to 2032
6.2 By Fiber
Glass Fiber
Carbon Fiber
Natural Fiber
Others
By Resin
Thermoset
Thermoplastic
By End-User
Aerospace & Defense
Wind Energy
Transportation
Construction
Others
By Manufacturing Process
Lay-up
Filament Winding
Injection Molding
Pultrusion
Compression Molding
RTM
Others
6.3 Global Market Outlook by Region, 2021 to 2032
Chapter 7: North America Composites Market Analysis and Outlook to 2032
7.1 North America Market Outlook by Segments, 2021- 2032
7.2 By Fiber
Glass Fiber
Carbon Fiber
Natural Fiber
Others
By Resin
Thermoset
Thermoplastic
By End-User
Aerospace & Defense
Wind Energy
Transportation
Construction
Others
By Manufacturing Process
Lay-up
Filament Winding
Injection Molding
Pultrusion
Compression Molding
RTM
Others
7.3 North America Market Outlook by Country, 2021- 2032
7.3.1 United States Composites Market Size Forecast, 2021- 2032
7.3.2 Canada Composites Market Size Forecast, 2021- 2032
7.3.3 Mexico Composites Market Size Forecast, 2021- 2032
Chapter 8: Europe Composites Market Analysis and Outlook to 2032
8.1 Europe Market Outlook by Segments, 2021- 2032
8.2 By Fiber
Glass Fiber
Carbon Fiber
Natural Fiber
Others
By Resin
Thermoset
Thermoplastic
By End-User
Aerospace & Defense
Wind Energy
Transportation
Construction
Others
By Manufacturing Process
Lay-up
Filament Winding
Injection Molding
Pultrusion
Compression Molding
RTM
Others
8.3 Europe Market Outlook by Country, 2021- 2032
8.3.1 Germany Composites Market Size Forecast, 2021- 2032
8.3.2 France Composites Market Size Forecast, 2021- 2032
8.3.3 United Kingdom Composites Market Size Forecast, 2021- 2032
8.3.4 Spain Composites Market Size Forecast, 2021- 2032
8.3.5 Italy Composites Market Size Forecast, 2021- 2032
8.3.6 Russia Composites Market Size Forecast, 2021- 2032
8.3.7 Rest of Europe Composites Market Size Forecast, 2021- 2032
Chapter 9: Asia Pacific Composites Market Analysis and Outlook to 2032
9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
9.2 By Fiber
Glass Fiber
Carbon Fiber
Natural Fiber
Others
By Resin
Thermoset
Thermoplastic
By End-User
Aerospace & Defense
Wind Energy
Transportation
Construction
Others
By Manufacturing Process
Lay-up
Filament Winding
Injection Molding
Pultrusion
Compression Molding
RTM
Others
9.3 Asia Pacific Market Outlook by Country, 2021- 2032
9.3.1 China Composites Market Size Forecast, 2021- 2032
9.3.2 India Composites Market Size Forecast, 2021- 2032
9.3.3 Japan Composites Market Size Forecast, 2021- 2032
9.3.4 South Korea Composites Market Size Forecast, 2021- 2032
9.3.5 Australia Composites Market Size Forecast, 2021- 2032
9.3.6 South East Asia Composites Market Size Forecast, 2021- 2032
9.3.7 Rest of Asia Pacific Composites Market Size Forecast, 2021- 2032
Chapter 10: South America Composites Market Analysis and Outlook to 2032
10.1 South America Market Outlook by Segments, 2021- 2032
10.2 By Fiber
Glass Fiber
Carbon Fiber
Natural Fiber
Others
By Resin
Thermoset
Thermoplastic
By End-User
Aerospace & Defense
Wind Energy
Transportation
Construction
Others
By Manufacturing Process
Lay-up
Filament Winding
Injection Molding
Pultrusion
Compression Molding
RTM
Others
10.3 South America Market Outlook by Country, 2021- 2032
10.3.1 Brazil Composites Market Size Forecast, 2021- 2032
10.3.2 Argentina Composites Market Size Forecast, 2021- 2032
10.3.3 Rest of South America Composites Market Size Forecast, 2021- 2032
Chapter 11: Middle East and Africa Composites Market Analysis and Outlook to 2032
11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
11.2 By Fiber
Glass Fiber
Carbon Fiber
Natural Fiber
Others
By Resin
Thermoset
Thermoplastic
By End-User
Aerospace & Defense
Wind Energy
Transportation
Construction
Others
By Manufacturing Process
Lay-up
Filament Winding
Injection Molding
Pultrusion
Compression Molding
RTM
Others
11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
11.3.1 Saudi Arabia Composites Market Size Forecast, 2021- 2032
11.3.2 The UAE Composites Market Size Forecast, 2021- 2032
11.3.3 Rest of Middle East Composites Market Size Forecast, 2021- 2032
11.3.4 South Africa Composites Market Size Forecast, 2021- 2032
11.3.4 Rest of Africa Composites Market Size Forecast, 2021- 2032
Chapter 12: Competitive Landscape
12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
12.2 Key Companies Profiled in the Study
12.3 AGY
Asahi Fiber Glass Co. Ltd
China Jushi Co. Ltd
Chongqing Polycomp International Corp (CPIC)
Gurit Holding AG
Hexcel Corp
Hexion Inc
Huntsman International LLC
Hyosung Advanced Materials
Ineos Capital Ltd
Mitsubishi Chemical Holdings Corp
Nippon Electric Glass Co. Ltd
Owens Corning
Saint-Gobain
SGL Carbon SE
Solvay S.A.
Taishan Fiberglass Inc
Teijin Ltd
Weyerhaeuser Company
Zhongfu Shenying Carbon Fiber Co. Ltd
Chapter 13: Sources and Research Methodology
13.1 Primary and Secondary Sources
13.2 Research Methodology
13.3 Data Triangulation and Validation
13.4 Assumptions and Limitations
13.5 Forecast Methodology
Appendix
A: Highlights of the H2-2024 Version (10th in the Series)
B: Conclusion and Future Recommendations
C: Customization Options
D: Contact Information
List of Figures
Figure 1: Country Analysis: Largest Market Share (%)- 2023 vs. 2032
Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
Figure 3: Population Outlook by Country, 2010- 2032
Figure 4: Inflation Outlook by Country (%), 2024- 2032
Figure 5: Global Composites Market Outlook by Type, 2021- 2032
Figure 6: Global Composites Market Outlook by Application, 2021- 2032
Figure 7: Global Composites Market Outlook by Region, 2021- 2032
Figure 8: North America Composites Market Snapshot, H2-2024
Figure 9: North America Composites Market Size Forecast by Type, 2021- 2032
Figure 10: North America Composites Market Size Forecast by Application, 2021- 2032
Figure 11: North America Composites Market Share by Country, 2023
Figure 12: Europe Composites Market Snapshot, H2-2024
Figure 13: Europe Composites Market Size Forecast by Type, 2021- 2032
Figure 14: Europe Composites Market Size Forecast by Application, 2021- 2032
Figure 15: Europe Composites Market Share by Country, 2023
Figure 16: Asia Pacific Composites Market Snapshot, H2-2024
Figure 17: Asia Pacific Composites Market Size Forecast by Type, 2021- 2032
Figure 18: Asia Pacific Composites Market Size Forecast by Application, 2021- 2032
Figure 19: Asia Pacific Composites Market Share by Country, 2023
Figure 20: South America Composites Market Snapshot, H2-2024
Figure 21: South America Composites Market Size Forecast by Type, 2021- 2032
Figure 22: South America Composites Market Size Forecast by Application, 2021- 2032
Figure 23: South America Composites Market Share by Country, 2023
Figure 24: Middle East and Africa Composites Market Snapshot, H2-2024
Figure 25: Middle East and Africa Composites Market Size Forecast by Type, 2021- 2032
Figure 26: Middle East and Africa Composites Market Size Forecast by Application, 2021- 2032
Figure 27: Middle East and Africa Composites Market Share by Country, 2023
Figure 28: United States Composites Market Size Outlook, $ Million, 2021- 2032
Figure 29: Canada Composites Market Size Outlook, $ Million, 2021- 2032
Figure 30: Mexico Composites Market Size Outlook, $ Million, 2021- 2032
Figure 31: Germany Composites Market Size Outlook, $ Million, 2021- 2032
Figure 32: France Composites Market Size Outlook, $ Million, 2021- 2032
Figure 33: United Kingdom Composites Market Size Outlook, $ Million, 2021- 2032
Figure 34: Spain Composites Market Size Outlook, $ Million, 2021- 2032
Figure 35: Italy Composites Market Size Outlook, $ Million, 2021- 2032
Figure 36: Russia Composites Market Size Outlook, $ Million, 2021- 2032
Figure 37: Rest of Europe Composites Market Size Outlook, $ Million, 2021- 2032
Figure 38: China Composites Market Size Outlook, $ Million, 2021- 2032
Figure 39: India Composites Market Size Outlook, $ Million, 2021- 2032
Figure 40: Japan Composites Market Size Outlook, $ Million, 2021- 2032
Figure 41: South Korea Composites Market Size Outlook, $ Million, 2021- 2032
Figure 42: Australia Composites Market Size Outlook, $ Million, 2021- 2032
Figure 43: South East Asia Composites Market Size Outlook, $ Million, 2021- 2032
Figure 44: Rest of APAC Composites Market Size Outlook, $ Million, 2021- 2032
Figure 45: Brazil Composites Market Size Outlook, $ Million, 2021- 2032
Figure 46: Argentina Composites Market Size Outlook, $ Million, 2021- 2032
Figure 47: Rest of LATAM Composites Market Size Outlook, $ Million, 2021- 2032
Figure 48: Saudi Arabia Composites Market Size Outlook, $ Million, 2021- 2032
Figure 49: UAE Composites Market Size Outlook, $ Million, 2021- 2032
Figure 50: South Africa Composites Market Size Outlook, $ Million, 2021- 2032
Figure 51: Research Methodology
Figure 52: Forecast Methodology
List of Tables
Table 1: Market Scope and Segmentation
Table 2: Global Composites Market Size Outlook, $Million, 2021 to 2032
Table 3: Low Case Scenario Forecasts
Table 4: Reference Case Scenario Forecasts
Table 5: High Growth Scenario Forecasts
Table 6: Global Composites Market Size Outlook by Segments, 2021- 2032
Table 7: Global Composites Market Size Outlook by Region, 2021- 2032
Table 8: Country Mapping, 2023 vs. 2032
Table 9: North America- Composites Market Outlook by Type, 2021- 2032
Table 10: North America- Composites Market Outlook by Country, 2021- 2032
Table 11: Europe - Composites Market Outlook by Type, 2021- 2032
Table 12: Europe - Composites Market Outlook by Country, 2021- 2032
Table 13: Asia Pacific - Composites Market Outlook by Type, 2021- 2032
Table 14: Asia Pacific - Composites Market Outlook by Country, 2021- 2032
Table 15: South America- Composites Market Outlook by Type, 2021- 2032
Table 16: South America- Composites Market Outlook by Country, 2021- 2032
Table 17: Middle East and Africa - Composites Market Outlook by Type, 2021- 2032
Table 18: Middle East and Africa - Composites Market Outlook by Country, 2021- 2032
Table 19: Business Snapshots of Leading Composites Companies
Table 20: Product Profiles of Leading Composites Companies
Table 21: SWOT Profiles of Leading Composites Companies

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