How big is the composites market | Industry Trends, Size & Forecast 2025

Q: What is the current size of the composites market?

The composites market was valued at USD 116.8 billion in 2024 and is projected to reach USD 223.1 billion by 2031.

Q: What is the growth rate of the composites market?

The market is anticipated to grow at a CAGR of 9.4% between 2025 and 2031.

Q: Which components contribute the most to the composites market?

Fiber reinforcements, resin systems, and thermoset composites are major contributors to the market.

Q: What is driving demand in the composites market?

Demand is driven by lightweight material needs, industrial growth, energy efficiency goals, and technological advancement.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA5850

Publication Date: Jul 2025

How big is the Composites Market?

According to 6Wresearch internal database and industry insights, Global composites market was valued at approximatelyUSD 116.8 billion in 2024 and is projected to reachUSD 223.1 billion by 2031, growing at aCAGR of 9.4% during the forecast period.

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The market is expanding steadily due to the increasing use of composites in transportation, aerospace, construction, wind energy, and consumer goods for strength, durability, and lightweight performance.

Key Growth Drivers of the Composites Market

Increased demand of lightweight material in the automotive and aerospace sector
Increased wind energy facilities through use of composite blades
Utilization of fiber-reinforced polymer composites in the development of infrastructures
Increasing use of corrosion resistant materials in the sea environment.
The emerging fiber and resin technologies to aid performance enhancement

Composites Market Trends

The composites market is witnessing strong growth due to the materialâ€™s ability to offer high strength-to-weight ratio, design flexibility, and resistance to corrosion and fatigue. The utilization of composites by car and aviation industries could be explained by the necessity to reduce the weight of vehicles and aircrafts, enhance their fuel use and ensure they release a small quantity of emissions. It has an application in the construction sector where the bridges, buildings and pipes that are constructed are constructed using the fiber reinforced material so that they serve longer and need fewer repairs.

Emerging Developments in the Composites Market

The composites market is evolving with innovations in hybrid fiber technologies, sustainable resin systems, and 3D printing of composite parts. Companies are focusing on reducing production costs and expanding applications in electric vehicles and smart infrastructure. Collaboration among material developers, OEMs, and end users is supporting rapid prototyping and commercialization. The shift toward digital twin technology and AI-powered design optimization is also enhancing the performance and lifecycle of composite products.