Composites Global Market Report 2026

Composites refer to the material as a combination of two materials with different physical and chemical properties that have excellent strength-to-weight ratios and durability, are stronger than those individual materials by themselves, are corrosion resistant, durable, and have a lighter weight than most metals.

The components of the composites market are carbon fiber and glass fiber. Carbon fibre is a lightweight but very strong material. Carbon fibre is more firm than steel and five times stronger than it. The manufacturing process for these composites includes the layup process; filament winding process; injection moulding process; pultrusion process; compression moulding process; resin transfer moulding process; and others. They are divided based on resin type into thermoset composites and thermoplastic composites. Composites are used by various end users, such as aerospace and defense, wind energy, automotive and transportation, construction and infrastructure, marine, pipe and tank, electrical and electronics, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on carbon fiber, glass fiber, and advanced resin materials have impacted the composites market by increasing raw material and production costs, particularly affecting aerospace, automotive, and wind energy segments. Regions such as north america, europe, and asia-pacific are most affected due to cross-border sourcing of fibers and resins. However, tariffs are encouraging local sourcing, boosting domestic manufacturing, and driving innovation toward cost-efficient and sustainable composite solutions.

The composites market research report is one of a series of new reports from The Business Research Company that provides composites market statistics, including composites industry global market size, regional shares, competitors with a composites market share, detailed composites market segments, market trends and opportunities, and any further data you may need to thrive in the composites industry. This composites market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The composites market size has grown strongly in recent years. It will grow from $114.49 billion in 2025 to $125.61 billion in 2026 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to early adoption in aerospace and defense, growth of automotive and transportation sectors, demand for corrosion-resistant and durable materials, development of advanced carbon and glass fiber technologies, early use in wind energy and construction applications.

The composites market size is expected to see strong growth in the next few years. It will grow to $178 billion in 2030 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to rising demand in automotive lightweighting, increasing renewable energy projects, expansion in marine and pipe & tank applications, growing investments in smart and multifunctional composites, increasing adoption in electrical and electronics sectors. Major trends in the forecast period include rising use of lightweight and high-strength composites, increasing adoption of automated composite manufacturing processes, growing demand for smart composites with embedded sensors, expansion of digital twin and iot integration in composites production, rising application of ai in material design and process optimization.

The growing demand for renewable energy is anticipated to drive the expansion of the composites market in the coming years. Renewable energy refers to power generated from environmentally replenished and inexhaustible sources such as sunlight, water, wind, geothermal heat, and biomass. The unique characteristics of composites, including high strength, corrosion resistance, lightweight properties, and durability, make them a preferred choice for various components and structures used in renewable energy applications. For example, in March 2025, according to the International Renewable Energy Agency (IRENA), a UAE-based international organization promoting cooperation, renewable power capacity increased in 2024, reaching 4,448 gigawatts (GW). Additionally, the 585 GW addition last year accounted for 92.5% of the total capacity expansion and marked a record annual growth rate of 15.1%. Consequently, the rising demand for renewable energy is fueling the growth of the composites market.

Leading companies in the composites market are prioritizing technological advancements, focusing on lightweight and high-strength composite materials to serve industries such as aerospace, automotive, and renewable energy. One example is HexForce 1K woven reinforcement fabric, a high-performance composite material designed for superior strength and durability, commonly used in industrial applications within the aerospace and automotive sectors. For instance, in September 2024, Hexcel Corporation, a US-based manufacturer of reinforcement products, composite materials, and engineered products, launched its new HexForce 1K woven reinforcement fabric. This lightweight fabric utilizes Hexcel's proprietary HexTow AS4C 1K carbon fiber, facilitating the production of high-strength, low-weight composite materials. These fabrics are ideal for various industrial applications, including golf shafts, hockey sticks, and automotive components.

In December 2025, Cambium Networks Corporation, a US-based manufacturing company, acquired SHD Group for an undisclosed amount. Through this acquisition, Cambium intends to integrate its AI-driven materials discovery and molecular design capabilities with SHD's agile, certified global composites manufacturing to speed up time-to-market, scale production, and broaden its addressable markets across aerospace, defense, energy, high-performance automotive, and other industrial sectors. SHD Group Holding GmbH is a Germany-based firm that supplies high-performance composite materials for aerospace, defense, automotive, energy, and industrial applications.

Major companies operating in the composites market report are SGL Carbon Graphite Technic Co. Ltd., Axiom Materials Inc., Mitsubishi Rayon Carbon Fiber & Composites Inc., Johns Manville International Inc., Asahi Fibreglass Company, Owens Corning Fiberglass Company, China Fibreglass Company, Teijin Limited, Taishan Fibreglass SA, Kuraray Co. Ltd., Formosa Plastic Corp., Toray Industries Inc., DuPont de Nemours Inc., KCC Corporation, SAERTEX Wagener GmbH & Co. KG, Taiwan Glass Industry Corporation, Solvay SA, BASF SE, Huntsman Corporation LLC, TPI Composites Inc., Gurit Holding AG

Asia-Pacific was the largest region in the composites market in 2025 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the composites market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the composites market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The composites market consists of sales of natural fiber, aramid fiber, ceramic fiber, and metal fiber. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Composites Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses composites market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for composites ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The composites market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product: Carbon Fiber; Glass Fiber
• 2) By Manufacturing Process: Layup Process; Filament Winding Process; Injection Molding Process; Pultrusion Process; Compression Molding Process; Resin Transfer Molding Process; Other Processes
• 3) By Resin Type: Thermoset Composites; Thermoplastic Composites
• 4) By End-Use Industry: Aerospace and defense; Wind Energy; Automotive and Transportation; Construction & Infrastructure; Marine; Pipe and Tank; Electrical and Electronics; Other End-Users
• Subsegments:
• 1) By Carbon Fiber: Prepreg Carbon Fiber; Continuous Carbon Fiber; Short Carbon Fiber
• 2) By Glass Fiber: E-Glass Fiber; S-Glass Fiber; C-Glass Fiber
• Companies Mentioned: SGL Carbon Graphite Technic Co. Ltd.; Axiom Materials Inc.; Mitsubishi Rayon Carbon Fiber & Composites Inc.; Johns Manville International Inc.; Asahi Fibreglass Company; Owens Corning Fiberglass Company; China Fibreglass Company; Teijin Limited; Taishan Fibreglass SA; Kuraray Co. Ltd.; Formosa Plastic Corp.; Toray Industries Inc.; DuPont de Nemours Inc.; KCC Corporation; SAERTEX Wagener GmbH & Co. KG; Taiwan Glass Industry Corporation; Solvay SA; BASF SE; Huntsman Corporation LLC; TPI Composites Inc.; Gurit Holding AG
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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