Global Composite Materials Market Size study & Forecast, by Product Type (Carbon Fiber, Glass Fiber), Manufacturing Process (Layup, Filament, Injection Molding, Pultrusion), End-use, and Regional Forecasts 2025-2035

Description

The Global Composite Materials Market is valued approximately at USD 93.69 billion in 2024 and is anticipated to grow with a robust CAGR of more than 7.20% over the forecast period 2025-2035. Composite materials-recognized for their remarkable strength-to-weight ratios and exceptional design flexibility-are increasingly being adopted across diverse industries ranging from automotive to aerospace, construction to wind energy, and beyond. These materials are engineered by combining two or more constituent elements with distinct physical or chemical properties, resulting in a final product that exhibits superior performance characteristics. As sustainability becomes an imperative rather than a choice, the widespread integration of lightweight and durable composite solutions is reshaping engineering and product development strategies globally.

A surge in demand for fuel-efficient vehicles and aircrafts, as well as the exponential growth of wind energy installations, are among the primary factors propelling the market forward. Automotive OEMs are pivoting towards carbon fiber and glass fiber composites to meet stringent emissions standards while improving vehicle performance and fuel economy. Furthermore, the push for higher energy efficiency and structural integrity in building materials is nudging the construction sector to integrate advanced composites into modern infrastructures. Meanwhile, continuous innovations in manufacturing processes-such as pultrusion and resin transfer molding-are optimizing production scalability and reducing costs, encouraging broader adoption across mid- to large-scale industries.

Regionally, North America continues to assert dominance in the composite materials landscape, fueled by its matured aerospace, defense, and automotive sectors, and reinforced by robust R&D activities. Europe trails closely behind, driven by its growing wind energy sector and environmental compliance policies that emphasize the use of recyclable and lightweight materials. Asia Pacific, however, is poised to emerge as the fastest-growing regional market through 2035, propelled by rapid industrialization, increasing automotive production, and massive infrastructure development in emerging economies like India, China, and Southeast Asia. Strategic government initiatives promoting renewable energy generation and smart city projects are further augmenting the regional demand for composite solutions.

Major market player included in this report are:

BASF SE
Baker Hughes Company
Schlumberger Limited
Halliburton Company
Chevron Phillips Chemical Company
Impact Fluid Solutions
Aubin Group
Trican Well Service Ltd.
M&D Industries Of Louisiana, Inc.
Croda International Plc.
SGL Carbon
Toray Industries, Inc.
Mitsubishi Chemical Group Corporation
Hexcel Corporation
Solvay S.A.

Global Composite Materials Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Product Type:

Carbon Fiber
Glass Fiber

By Manufacturing Process:

Layup
Filament
Injection Molding
Pultrusion

By End-use:

Automotive
Aerospace & Defense
Construction
Wind Energy
Electrical & Electronics
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Composite Materials Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Composite Materials Market Forces Analysis

3.1. Market Forces Shaping the Global Composite Materials Market (2024-2035)
3.2. Drivers
- 3.2.1. Rising demand for lightweight and fuel-efficient materials in automotive and aerospace sectors
- 3.2.2. Surge in wind energy installations and infrastructure modernization
3.3. Restraints
- 3.3.1. High production cost of advanced composite materials
- 3.3.2. Recycling challenges and regulatory concerns for composites waste
3.4. Opportunities
- 3.4.1. Expansion of applications in renewable energy and electric vehicles
- 3.4.2. Innovations in low-cost production and sustainable composite solutions

Chapter 4. Global Composite Materials Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Composite Materials Market Size & Forecasts by Product Type 2025-2035

5.1. Market Overview
5.2. Carbon Fiber
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.2.2. Market Size Analysis, by Region, 2025-2035
5.3. Glass Fiber
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Composite Materials Market Size & Forecasts by Manufacturing Process 2025-2035

6.1. Market Overview
6.2. Layup
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.2.2. Market Size Analysis, by Region, 2025-2035
6.3. Filament
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Injection Molding
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035
6.5. Pultrusion
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Composite Materials Market Size & Forecasts by End-use 2025-2035

7.1. Market Overview
7.2. Automotive
7.3. Aerospace & Defense
7.4. Construction
7.5. Wind Energy
7.6. Electrical & Electronics
7.7. Others

Chapter 8. Global Composite Materials Market Size & Forecasts by Region 2025-2035

8.1. Composite Materials Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Composite Materials Market
- 8.3.1. U.S. Composite Materials Market
  - 8.3.1.1. Product Type Breakdown Size & Forecasts, 2025-2035
  - 8.3.1.2. Manufacturing Process Breakdown Size & Forecasts, 2025-2035
- 8.3.2. Canada Composite Materials Market
  - 8.3.2.1. Product Type Breakdown Size & Forecasts, 2025-2035
  - 8.3.2.2. Manufacturing Process Breakdown Size & Forecasts, 2025-2035
8.4. Europe Composite Materials Market
- 8.4.1. UK Composite Materials Market
- 8.4.2. Germany Composite Materials Market
- 8.4.3. France Composite Materials Market
- 8.4.4. Spain Composite Materials Market
- 8.4.5. Italy Composite Materials Market
- 8.4.6. Rest of Europe Composite Materials Market
8.5. Asia Pacific Composite Materials Market
- 8.5.1. China Composite Materials Market
- 8.5.2. India Composite Materials Market
- 8.5.3. Japan Composite Materials Market
- 8.5.4. Australia Composite Materials Market
- 8.5.5. South Korea Composite Materials Market
- 8.5.6. Rest of Asia Pacific Composite Materials Market
8.6. Latin America Composite Materials Market
- 8.6.1. Brazil Composite Materials Market
- 8.6.2. Mexico Composite Materials Market
8.7. Middle East and Africa Composite Materials Market
- 8.7.1. UAE Composite Materials Market
- 8.7.2. Saudi Arabia Composite Materials Market
- 8.7.3. South Africa Composite Materials Market
- 8.7.4. Rest of Middle East and Africa Composite Materials Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. BASF SE
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Baker Hughes Company
9.4. Schlumberger Limited
9.5. Halliburton Company
9.6. Chevron Phillips Chemical Company
9.7. Impact Fluid Solutions
9.8. Aubin Group
9.9. Trican Well Service Ltd.
9.10. M&D Industries of Louisiana, Inc.
9.11. Croda International Plc.
9.12. SGL Carbon
9.13. Toray Industries, Inc.
9.14. Mitsubishi Chemical Group Corporation
9.15. Hexcel Corporation
9.16. Solvay S.A.