Product Code: ETC13402772 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Composites Market was valued at USD 108.3 Billion in 2024 and is expected to reach USD 157.4 Billion by 2031, growing at a compound annual growth rate of 6.70% during the forecast period (2025-2031).
The Global Composites Market is witnessing significant growth driven by the increasing demand from various end-user industries such as automotive, aerospace, construction, and wind energy. Composites, which are materials made from two or more constituent materials with significantly different physical or chemical properties, offer superior strength, lightweight properties, corrosion resistance, and design flexibility compared to traditional materials. The market is also benefiting from the growing focus on sustainability and the need for energy-efficient solutions. Key players in the industry are investing in research and development to innovate new composite materials with enhanced properties and applications. North America and Europe are major markets for composites, while the Asia-Pacific region is experiencing rapid growth due to industrialization and infrastructure development.
The Global Composites Market is witnessing significant growth driven by increasing demand from various end-use industries such as automotive, aerospace, construction, and wind energy. Technological advancements in composites manufacturing processes, such as automation and 3D printing, are improving efficiency and reducing production costs. The market is also benefiting from the growing focus on lightweight and high-performance materials to meet sustainability and fuel efficiency requirements. Opportunities exist for innovation in biodegradable and recyclable composites, as well as in the development of composites with enhanced properties such as fire resistance and electrical conductivity. Additionally, the increasing adoption of composites in emerging applications like electric vehicles and additive manufacturing is expected to further propel market growth in the coming years.
The Global Composites Market faces several challenges, including fluctuating raw material prices, environmental concerns related to composite production processes, and the need for advanced recycling technologies. Another challenge is the lack of standardization in composite materials, making it difficult for manufacturers to ensure consistency and quality across different products. Additionally, composites are still perceived as more expensive than traditional materials like steel or aluminum, which can hinder their adoption in some industries. Furthermore, there is a need for increased awareness and education about the benefits of composites to drive demand and overcome resistance to change in established industries. Overall, addressing these challenges will be crucial for the sustained growth and advancement of the Global Composites Market.
The Global Composites Market is primarily driven by increasing demand from various end-use industries such as automotive, aerospace, construction, and wind energy due to the lightweight, high strength, and corrosion-resistant properties of composites. The growing need for fuel-efficient vehicles, stringent emissions regulations, and a focus on sustainable construction practices are further propelling the market growth. Additionally, advancements in composite manufacturing technologies, such as automated production processes and the development of innovative materials, are driving market expansion. Increased investments in research and development activities to enhance the performance characteristics of composites, along with a shift towards electric vehicles and renewable energy sources, are expected to continue driving the growth of the Global Composites Market in the foreseeable future.
Government policies related to the Global Composites Market vary by country, but there are some common trends. Many governments have implemented regulations to promote the use of composites in various industries due to their lightweight, durable, and environmentally-friendly properties. These policies often include incentives such as tax breaks, subsidies, and research grants to encourage the adoption of composites in sectors like automotive, aerospace, construction, and renewable energy. Additionally, some governments have introduced standards and guidelines to ensure the quality and safety of composite materials in manufacturing and construction processes. Overall, government policies play a significant role in driving the growth of the Global Composites Market by supporting innovation, sustainability, and competitiveness in key industries.
The Global Composites Market is expected to continue its strong growth trajectory in the coming years, driven by increasing demand from various end-use industries such as aerospace, automotive, construction, and wind energy. The market is poised to benefit from ongoing technological advancements in composite materials, providing superior strength-to-weight ratio, durability, and corrosion resistance. The growing need for lightweight and fuel-efficient materials in the transportation sector, coupled with the rising focus on sustainable construction practices, will further fuel market expansion. Additionally, the increasing adoption of composites in emerging applications such as 3D printing, sports equipment, and medical devices is anticipated to contribute to the market`s growth. However, challenges related to high production costs and recycling issues may pose constraints to the market`s development.
The global composites market shows varying trends across different regions. In Asia, particularly in countries like China and India, there is a growing demand for composites in industries such as automotive, construction, and aerospace due to rapid industrialization and infrastructure development. North America remains a significant market for composites, driven by the aerospace and defense sectors, as well as the automotive industry`s focus on lightweight materials. Europe has a mature composites market with a strong presence in industries like wind energy, automotive, and construction. The Middle East and Africa region is witnessing increasing adoption of composites in the construction and oil & gas sectors. Latin America is also showing growth opportunities in industries such as transportation and construction, supported by infrastructure investments.
Global Composites Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Composites Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Global Composites Market - Industry Life Cycle |
3.4 Global Composites Market - Porter's Five Forces |
3.5 Global Composites Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Global Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.8 Global Composites Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.9 Global Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Global Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Composites Market Trends |
6 Global Composites Market, 2021 - 2031 |
6.1 Global Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Composites Market, Revenues & Volume, By Glass Fiber Composites, 2021 - 2031 |
6.1.3 Global Composites Market, Revenues & Volume, By Carbon Fiber Composites, 2021 - 2031 |
6.1.4 Global Composites Market, Revenues & Volume, By Natural Fiber Composites, 2021 - 2031 |
6.2 Global Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Composites Market, Revenues & Volume, By Thermoset Composites, 2021 - 2031 |
6.2.3 Global Composites Market, Revenues & Volume, By Thermoplastic Composites, 2021 - 2031 |
6.3 Global Composites Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Composites Market, Revenues & Volume, By Aerospace & defense, 2021 - 2031 |
6.3.3 Global Composites Market, Revenues & Volume, By Wind Energy, 2021 - 2031 |
6.3.4 Global Composites Market, Revenues & Volume, By Automotive & Transportation, 2021 - 2031 |
6.3.5 Global Composites Market, Revenues & Volume, By Construction & Infrastructure, 2021 - 2031 |
6.3.6 Global Composites Market, Revenues & Volume, By Marine, 2021 - 2031 |
6.3.7 Global Composites Market, Revenues & Volume, By Pipe & Tank, 2021 - 2031 |
6.3.8 Global Composites Market, Revenues & Volume, By Electrical & Electronics, 2021 - 2031 |
6.3.9 Global Composites Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Composites Market, Revenues & Volume, By Lay-up, 2021 - 2031 |
6.4.3 Global Composites Market, Revenues & Volume, By Filament Winding, 2021 - 2031 |
6.4.4 Global Composites Market, Revenues & Volume, By Injection Molding, 2021 - 2031 |
6.4.5 Global Composites Market, Revenues & Volume, By Pultrusion, 2021 - 2031 |
6.4.6 Global Composites Market, Revenues & Volume, By Compression Molding, 2021 - 2031 |
6.4.7 Global Composites Market, Revenues & Volume, By RTM, 2021 - 2031 |
6.4.8 Global Composites Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Composites Market, Overview & Analysis |
7.1 North America Composites Market Revenues & Volume, 2021 - 2031 |
7.2 North America Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Composites Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
7.4 North America Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
7.5 North America Composites Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
7.6 North America Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
8 Latin America (LATAM) Composites Market, Overview & Analysis |
8.1 Latin America (LATAM) Composites Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Composites Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
8.4 Latin America (LATAM) Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
8.5 Latin America (LATAM) Composites Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
8.6 Latin America (LATAM) Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
9 Asia Composites Market, Overview & Analysis |
9.1 Asia Composites Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Composites Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
9.4 Asia Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
9.5 Asia Composites Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
9.6 Asia Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
10 Africa Composites Market, Overview & Analysis |
10.1 Africa Composites Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Composites Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
10.4 Africa Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
10.5 Africa Composites Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
10.6 Africa Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
11 Europe Composites Market, Overview & Analysis |
11.1 Europe Composites Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Composites Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
11.4 Europe Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
11.5 Europe Composites Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
11.6 Europe Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
12 Middle East Composites Market, Overview & Analysis |
12.1 Middle East Composites Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Composites Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
12.4 Middle East Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
12.5 Middle East Composites Market, Revenues & Volume, By End-use Industry, 2021 - 2031 |
12.6 Middle East Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
13 Global Composites Market Key Performance Indicators |
14 Global Composites Market - Export/Import By Countries Assessment |
15 Global Composites Market - Opportunity Assessment |
15.1 Global Composites Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
15.3 Global Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
15.4 Global Composites Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
15.5 Global Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
16 Global Composites Market - Competitive Landscape |
16.1 Global Composites Market Revenue Share, By Companies, 2024 |
16.2 Global Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |