The global market for Advanced Composites was valued at US$57.6 Billion in 2024 and is projected to reach US$95.7 Billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Advanced Composites Market - Key Trends and Drivers Summarized
What Defines Advanced Composites and Their Importance in Manufacturing?
Advanced composites are innovative materials created by combining two or more distinct substances, such as high-performance fibers (carbon, glass, aramid) and matrix materials (epoxy, polyester, thermoplastic). These composites exhibit superior properties like high strength-to-weight ratios, exceptional durability, and resistance to environmental factors. Their unique characteristics make them indispensable in modern manufacturing sectors where performance and efficiency are critical. Industries such as aerospace, automotive, wind energy, and sporting goods rely on advanced composites to develop lighter, stronger, and more resilient products, thus pushing the limits of engineering and design.How Are Technological Breakthroughs Enhancing Advanced Composites?
Technological breakthroughs are significantly enhancing the performance and application range of advanced composites. Innovations in manufacturing techniques, like automated fiber placement (AFP) and resin transfer molding (RTM), have increased the precision and efficiency of composite production. The incorporation of nanomaterials, such as carbon nanotubes and graphene, into composite matrices further improves their mechanical, electrical, and thermal properties. Additionally, advancements in resin and fiber technologies enable the development of composites capable of withstanding extreme conditions, making them ideal for aerospace and military applications. These technological advancements are not only boosting the performance of existing composite materials but also extending their use into new and emerging fields, broadening the market for advanced composites.What Trends Are Fueling the Adoption of Advanced Composites Across Industries?
Several key trends are fueling the widespread adoption of advanced composites across various industries. In aerospace, the need for lightweight materials that enhance fuel efficiency and reduce emissions is a significant driver, with advanced composites providing an ideal solution due to their high strength-to-weight ratio. The automotive industry is also increasingly utilizing composites to meet stringent fuel economy and emissions standards while improving vehicle safety and performance. In the renewable energy sector, the growing demand for efficient and durable wind turbine blades is driving the use of advanced composites. Additionally, the construction industry benefits from these materials for infrastructure projects, thanks to their durability and corrosion resistance. These trends underscore the versatile applications of advanced composites and their crucial role in promoting innovation and sustainability across multiple sectors.What Factors Are Propelling Growth in the Advanced Composites Market?
The growth in the advanced composites market is driven by several factors that are transforming material science and industrial applications. Technological advancements in composite manufacturing and the development of new high-performance fibers and resins are enhancing the capabilities and appeal of advanced composites. The increasing demand in the aerospace and automotive industries for lightweight, high-strength materials that boost fuel efficiency and reduce emissions is a key driver. Consumer preferences for durable and high-performance products are accelerating the adoption of composites in sectors like sporting goods and consumer electronics. The expansion of renewable energy projects, particularly in wind energy, is generating significant demand for advanced composite materials. Additionally, regulatory requirements and environmental standards are pushing industries to adopt sustainable and efficient materials, further propelling market growth. Government initiatives and funding to support research and development in composite technologies are also fostering innovation and expanding market opportunities. These factors collectively underscore the dynamic and rapidly evolving nature of the advanced composites market, positioning it as a pivotal force in technological and industrial advancement.Report Scope
The report analyzes the Advanced Composites market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Fiber Type (Carbon Fiber Composites, Aramid Fiber Composites, S-Glass Fiber Composites, Other Fiber Types); Resin (Thermoplastic, Thermosetting); End-Use (Aerospace & Defense, Electrical & Electronics, Sporting Goods, Civil Engineering, Wind Energy, Other End-Uses).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Carbon Fiber Composites segment, which is expected to reach US$37.2 Billion by 2030 with a CAGR of a 9.5%. The Aramid Fiber Composites segment is also set to grow at 8.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $14.9 Billion in 2024, and China, forecasted to grow at an impressive 11.8% CAGR to reach $21.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Advanced Composites, Inc., Agy Holdings Corp., BASF SE, DowAksa Advanced Composites Holdings BV, Dow, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Advanced Composites Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Advanced Composites Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Advanced Composites Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 28 major companies featured in this Advanced Composites market report include:
- Advanced Composites, Inc.
- Agy Holdings Corp.
- BASF SE
- DowAksa Advanced Composites Holdings BV
- Dow, Inc.
- DuPont de Nemours, Inc.
- Gaffco Ballistics Inc.
- Gurit Holding AG
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Hexion Inc.
- Honeywell International, Inc.
- Huntsman International LLC
- Hyosung Corporation
- Kineco Kaman Composites
- Koninklijke Ten Cate BV
- Mitsubishi Chemical Holdings Corporation
- Nippon Graphite Fiber Corporation
- Owens Corning
- Plasan Carbon Composites, Inc.
- Quantum Composites, Inc.
- Renegade Materials Corporation
- SGL Group - The Carbon Company
- Solvay SA
- Teijin Ltd.
- Toray Industries, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advanced Composites, Inc.
- Agy Holdings Corp.
- BASF SE
- DowAksa Advanced Composites Holdings BV
- Dow, Inc.
- DuPont de Nemours, Inc.
- Gaffco Ballistics Inc.
- Gurit Holding AG
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Hexion Inc.
- Honeywell International, Inc.
- Huntsman International LLC
- Hyosung Corporation
- Kineco Kaman Composites
- Koninklijke Ten Cate BV
- Mitsubishi Chemical Holdings Corporation
- Nippon Graphite Fiber Corporation
- Owens Corning
- Plasan Carbon Composites, Inc.
- Quantum Composites, Inc.
- Renegade Materials Corporation
- SGL Group - The Carbon Company
- Solvay SA
- Teijin Ltd.
- Toray Industries, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 187 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 57.6 Billion |
| Forecasted Market Value ( USD | $ 95.7 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
