Composites Market Size, Share, Growth, and Industry Analysis, By Types (Layup, Filament Winding, Injection Molding, Pultrusion, Others), By Applications (Transportation, Aerospace & Defense, Wind Energy, Electrical & Electronics, Others) , and Regional Insights and Forecast to 2034

Composites Market Size

The Global Composites Market size was USD 91.25 billion in 2024 and is projected to reach USD 95.81 billion in 2025, USD 100.6 billion in 2026, and USD 148.63 billion by 2034, growing at a CAGR of 5% during the forecast period 2025–2034. With over 60% share held by glass fiber, composites are expanding rapidly across aerospace, automotive, and wind energy, which together account for more than 65% of total usage globally.

The US Composites Market reflects strong growth, driven by transportation and aerospace, which collectively consume more than 45% of composites in the region. Automotive lightweighting applications represent about 21% of usage, while aerospace accounts for over 50% of aircraft structures using composites. Wind energy adds another 15% of demand, making the US a significant contributor to overall North American share of 21.5% in the global market.

Key Findings

• Market Size: USD 91.25 billion (2024), USD 95.81 billion (2025), USD 148.63 billion (2034), CAGR 5% – consistent and steady market expansion observed.
• Growth Drivers: 60% glass fiber share, 21% transportation usage, 23% wind energy demand, 50% aerospace structures integration, 41.9% Asia-Pacific market leadership.
• Trends: 70% usage concentrated in top four sectors, 35% adoption in EV components, 25% Europe wind turbine share, 38% China consumption, 12% electronics applications.
• Key Players: 3M, Airbus, AKSA, Asahi Fibreglass, Formosa Plastics Corporation & more.
• Regional Insights: Asia-Pacific leads with 41.9% market share, driven by automotive, construction and renewable energy. Europe follows with 27.2%, supported by wind energy and aerospace. North America holds 21.5%, led by transportation and defense. Middle East & Africa account for 9.4%, influenced by infrastructure, oil & gas and renewable projects.
• Challenges: 60% glass fiber reliance, 15% carbon fiber penetration, 70% raw material dependency, 20% cost barriers, 15% recyclable share constraint in market growth.
• Industry Impact: 50% aerospace integration, 23% wind energy usage, 41.9% Asia-Pacific dominance, 70% concentrated demand sectors, 12% electronics share expanding applications.
• Recent Developments: 55% Airbus composites, 15% sustainable glass fiber growth, 18% Formosa expansion, 22% AKSA carbon strength rise, 25% Asahi fire resistance innovation.

The composites market continues to evolve, with glass fiber dominating at 60% while carbon fiber remains under 15%. Over 70% of applications come from transportation, construction, energy, and electronics, driving consistent demand. Asia-Pacific holds 41.9% share, fueled by infrastructure and automotive, while Europe’s 27.2% share is led by wind energy and aerospace. With 50% of aircraft structures using composites and 23% of global consumption in wind, the sector is becoming more vital for industrial efficiency and sustainability.

Composites Market

The composites market has emerged as a pivotal force in modern manufacturing, driven by industries’ demand for materials that combine strength, lightness, durability and versatility. Composites are engineered by combining two or more constituent materials with significantly different physical or chemical properties. When these materials are integrated, they produce a product whose performance exceeds that of the individual components. Applications range from aerospace to automotive, marine, construction, and wind energy. As more industries pursue sustainable and high-performance alternatives to conventional materials, composites are being favoured for their ability to reduce weight, improve fuel efficiency, resist corrosion, and provide long-term durability under harsh conditions.

Composites Market Trends

The global composites market is witnessing several interesting trends, many backed by percentage-wise facts and figures. For example, the Asia Pacific region accounted for approximately 41.9% of the total market share in 2023, reflecting its dominance in demand due to strong growth in automotive, aerospace, construction and electronics sectors. Also, glass fiber composites represent about 60.0% of product type share, making them the largest material segment, largely because of their favourable balance of strength and cost. In manufacturing processes, lay-up process holds around 34.9% of share, showing that traditional methods are still widely preferred. In terms of end-use, automotive & transportation consume about 21.0% of composite products, making them the leading application segment. Another noteworthy figure: in the composite materials consumed globally, around 12.7 Billion tonnes are used to produce composite parts, with transportation, construction, energy and electrical & electronics together making up over 70% of volume usage. Also, composites now account for over 50% of aircraft structure weight in many modern commercial aircraft, illustrating a trend toward lighter, more efficient designs.

Composites Market Dynamics

OPPORTUNITY

Expansion of composites in renewable energy

Wind energy accounts for nearly 23% of global composites consumption, with blades and nacelles heavily relying on glass fiber. As renewable installations increase, the demand for long and durable blades will push composites use higher. Additionally, with Asia Pacific holding about 41.9% market share, growth in green infrastructure will create substantial opportunities for advanced fiber-reinforced composites across energy and construction applications.

DRIVERS

Lightweight demand across transportation

The transportation sector uses about 21% of global composites, driven by automotive and aerospace needs to reduce weight. Over 50% of modern aircraft structures are composites, while electric vehicles integrate more than 35% composites in structural parts. With glass fiber making up nearly 60% of composite usage, the availability of cost-effective solutions continues to drive high adoption in mass-production industries.

RESTRAINTS

"High cost of advanced fibers and resins"

Carbon fiber composites represent less than 15% share compared to glass fiber’s dominant 60%, due to higher costs and complex processing needs. Epoxy and high-temperature resin systems, though essential for aerospace and defense, add significant expenses that limit usage in cost-sensitive markets like construction and consumer goods. This imbalance restricts penetration despite growing demand for lightweight materials.

CHALLENGE

"Supply chain and raw material constraints"

More than 70% of composites are consumed in transportation, construction, energy, and electrical sectors, making them highly vulnerable to fiber and resin shortages. Price fluctuations in glass fiber and carbon fiber affect availability, while dependence on limited suppliers creates risks. Raw material bottlenecks can delay projects, raising challenges for consistent production and long-term growth across industries.

Segmentation Analysis

The global composites market size was USD 91.25 Billion in 2024 and is projected to reach USD 95.81 Billion in 2025, further expanding to USD 148.63 Billion by 2034 at a CAGR of 5%. By type, layup accounts for the largest share with strong usage in aerospace and marine industries, followed by filament winding, injection molding, pultrusion, and other processes. Each type holds a significant contribution to the global market with defined shares and growth rates. By application, transportation leads the market, followed by aerospace & defense, wind energy, electrical & electronics, and other uses. Each application sector has its unique revenue contribution in 2025, with a defined CAGR projected over the forecast period.

By Type

Layup

Layup is one of the most widely used processes, particularly in aerospace and marine applications, because of its flexibility and ability to produce large and complex composite structures. It accounts for around 34.9% share of the global composites market.

Layup held the largest share in the composites market, accounting for USD 33.46 Billion in 2025, representing 34.9% of the total market. This segment is expected to grow at a CAGR of 4.8% from 2025 to 2034, driven by aerospace, marine, and wind turbine blade manufacturing.

Top 3 Major Dominant Countries in the Layup Segment

• United States led the Layup segment with a market size of USD 10.95 Billion in 2025, holding a 32.7% share and expected to grow at a CAGR of 4.7% due to strong aerospace and defense applications.
• Germany followed with USD 7.55 Billion in 2025, securing 22.5% share and anticipated CAGR of 4.6% led by automotive lightweight manufacturing and wind energy usage.
• China registered USD 6.71 Billion in 2025 with a 20.0% share, growing at a CAGR of 5.1% owing to construction and marine growth.

Filament Winding

Filament winding is critical for producing cylindrical and pressure-resistant composite structures such as tanks, pipes, and pressure vessels. It represents nearly 18.7% of the overall market, making it a key industrial process.

Filament winding accounted for USD 17.92 Billion in 2025, representing 18.7% of the composites market, and is forecast to grow at a CAGR of 5.3% from 2025 to 2034, driven by demand in oil & gas pipelines, pressure vessels, and defense systems.

Top 3 Major Dominant Countries in the Filament Winding Segment

• China led with USD 6.09 Billion in 2025, representing 34.0% share and growing at a CAGR of 5.5% due to expanding oil & gas infrastructure.
• India recorded USD 3.76 Billion in 2025 with a 21.0% share, growing at a CAGR of 5.7% owing to increased water pipeline and storage tank demand.
• United States captured USD 3.22 Billion in 2025, with an 18.0% share and CAGR of 5.0%, driven by defense and industrial use.

Injection Molding

Injection molding composites are primarily used in automotive and consumer goods sectors because of their high volume production capability and design flexibility. It holds about 21.4% share of the market.

Injection molding accounted for USD 20.51 Billion in 2025, representing 21.4% of the total market. It is expected to expand at a CAGR of 5.1% from 2025 to 2034, driven by electric vehicle adoption and consumer electronics growth.

Top 3 Major Dominant Countries in the Injection Molding Segment

• China led with USD 8.40 Billion in 2025, holding a 41.0% share and expected CAGR of 5.3% from surging consumer goods and automotive production.
• Japan registered USD 4.51 Billion in 2025, capturing 22.0% share, growing at a CAGR of 4.9% due to automotive components manufacturing.
• Germany followed with USD 3.89 Billion in 2025, representing 19.0% share and CAGR of 5.0% supported by EV manufacturing.

Pultrusion

Pultrusion is highly used in construction and infrastructure projects, offering durable composite profiles with low maintenance. It accounts for about 12.1% of the composites market.

Pultrusion held USD 11.60 Billion in 2025, representing 12.1% share of the global composites market, with a projected CAGR of 4.6% from 2025 to 2034, driven by civil engineering, bridges, and electrical grid infrastructure.

Top 3 Major Dominant Countries in the Pultrusion Segment

• United States led with USD 4.18 Billion in 2025, 36.0% share, with CAGR of 4.5% owing to infrastructure repair projects.
• China followed with USD 3.13 Billion in 2025, representing 27.0% share, growing at CAGR of 4.8% due to large-scale construction demand.
• Brazil registered USD 1.62 Billion in 2025, accounting for 14.0% share, with CAGR of 4.7% supported by infrastructure growth.

Others

Other processes including compression molding, RTM, and 3D printing composites are emerging in niche sectors like aerospace interiors, electronics, and sports goods. Together, these hold around 12.9% share of the market.

Other processes accounted for USD 12.42 Billion in 2025, representing 12.9% share, and are projected to grow at a CAGR of 5.4% from 2025 to 2034, driven by technological advancements and automation in manufacturing.

Top 3 Major Dominant Countries in the Others Segment

• Japan led with USD 4.10 Billion in 2025, holding 33.0% share and CAGR of 5.2% driven by electronics and robotics demand.
• South Korea registered USD 3.35 Billion in 2025, accounting for 27.0% share, with CAGR of 5.5% owing to consumer electronics manufacturing.
• Germany recorded USD 2.60 Billion in 2025, representing 21.0% share, and CAGR of 5.1% due to advanced automotive applications.

By Application

Transportation

Transportation is the largest application, consuming about 21% of total composites due to demand in automotive, rail, and marine industries for lightweight and fuel-efficient solutions.

Transportation held USD 20.12 Billion in 2025, representing 21.0% share of the composites market, and is expected to grow at a CAGR of 5.2% through 2034, driven by electric vehicle adoption and emission regulations.

Top 3 Major Dominant Countries in the Transportation Segment

• China led with USD 7.85 Billion in 2025, holding 39.0% share, and expected to grow at CAGR of 5.4% from expanding EV production.
• Germany recorded USD 5.23 Billion in 2025, 26.0% share, growing at 5.1% CAGR due to premium automotive manufacturing.
• United States had USD 4.22 Billion in 2025, representing 21.0% share, CAGR 5.0% led by aerospace & commercial vehicles.

Aerospace & Defense

Aerospace & defense relies heavily on composites, with over 50% of modern aircraft structures made of composites, providing high strength-to-weight benefits.

Aerospace & defense accounted for USD 18.20 Billion in 2025, representing 19.0% of the market, with CAGR of 5.3% through 2034 driven by lightweight aircraft design and defense modernization.

Top 3 Major Dominant Countries in the Aerospace & Defense Segment

• United States led with USD 7.65 Billion in 2025, 42.0% share, with CAGR of 5.2% from strong defense sector.
• France held USD 3.82 Billion in 2025, 21.0% share, CAGR 5.1% driven by Airbus production.
• United Kingdom recorded USD 3.28 Billion in 2025, representing 18.0% share, CAGR 5.0% due to advanced aerospace manufacturing.

Wind Energy

Wind energy uses about 23% of composites in turbine blades and nacelles, making it a key driver of long-term demand.

Wind energy accounted for USD 17.40 Billion in 2025, 18.2% of the market, and is expected to grow at CAGR of 5.6% through 2034, driven by renewable energy investments.

Top 3 Major Dominant Countries in the Wind Energy Segment

• China led with USD 7.32 Billion in 2025, 42.0% share, CAGR 5.8% from large wind installations.
• Germany registered USD 4.70 Billion in 2025, 27.0% share, CAGR 5.4% driven by renewable policies.
• India accounted for USD 2.96 Billion in 2025, 17.0% share, CAGR 5.7% from government wind projects.

Electrical & Electronics

Electrical & electronics consumes about 12% of composites, driven by demand for lightweight, durable, and heat-resistant materials in devices and circuits.

Electrical & electronics accounted for USD 11.50 Billion in 2025, representing 12.0% of total composites, growing at CAGR of 5.2% to 2034, supported by consumer electronics expansion and smart device usage.

Top 3 Major Dominant Countries in the Electrical & Electronics Segment

• China led with USD 4.14 Billion in 2025, holding 36.0% share, CAGR 5.4% from electronics manufacturing.
• South Korea had USD 3.00 Billion in 2025, representing 26.0% share, CAGR 5.3% due to semiconductor and device industry.
• Japan registered USD 2.53 Billion in 2025, 22.0% share, CAGR 5.1% supported by consumer electronics demand.

Others

Other applications including sports goods, consumer products, and construction hold around 9.8% share of the composites market, offering niche opportunities.

Others segment held USD 9.40 Billion in 2025, representing 9.8% of total composites, with CAGR of 4.9% from 2025 to 2034, driven by growing consumer lifestyle and recreational product demand.

Top 3 Major Dominant Countries in the Others Segment

• United States had USD 3.10 Billion in 2025, 33.0% share, CAGR 4.8% from sports and lifestyle goods.
• Japan recorded USD 2.16 Billion in 2025, 23.0% share, CAGR 5.0% due to niche electronics applications.
• Italy registered USD 1.78 Billion in 2025, 19.0% share, CAGR 4.9% supported by sports and marine composites.

Composites Market Regional Outlook

The global composites market size was USD 91.25 Billion in 2024 and is projected to reach USD 95.81 Billion in 2025, further rising to USD 148.63 Billion by 2034 at a CAGR of 5%. Regionally, Asia-Pacific dominates with around 41.9% share, followed by Europe at 27.2%, North America at 21.5%, and Middle East & Africa at 9.4%. Each region shows unique growth drivers, application demand, and industrial trends that collectively represent 100% of the global market share.

North America

North America is a strong market for composites, supported by aerospace, automotive, and renewable energy industries. The region represents 21.5% of the global composites market share, with a market size of USD 20.61 Billion in 2025. Demand is largely driven by lightweight aerospace components, wind energy installations, and automotive structural composites. More than 50% of aircraft structures in this region now incorporate composites, while electric vehicle adoption is also expanding the use of injection-molded and layup-based composites.

North America held 21.5% of the composites market in 2025, amounting to USD 20.61 Billion. Growth is fueled by aerospace, EV adoption, and wind energy projects.

North America - Major Dominant Countries in the Market

• United States led with USD 12.75 Billion in 2025, holding a 61.8% share due to aerospace and defense strength.
• Canada followed with USD 4.23 Billion in 2025, representing 20.5% share, supported by wind energy capacity expansion.
• Mexico registered USD 3.63 Billion in 2025, holding 17.7% share, led by automotive manufacturing growth.

Europe

Europe accounts for 27.2% of the global composites market, equivalent to USD 26.07 Billion in 2025. Germany, France, and the UK drive much of the demand with aerospace, automotive, and wind energy applications. Over 25% of composites used in Europe are directed toward wind turbine blade production, while the automotive industry increasingly adopts composites to reduce vehicle weight. Germany alone contributes a significant share owing to premium automotive and renewable energy initiatives.

Europe represented 27.2% of the composites market in 2025, worth USD 26.07 Billion, fueled by renewable energy adoption and strong aerospace programs.

Europe - Major Dominant Countries in the Market

• Germany led with USD 9.62 Billion in 2025, holding a 36.9% share, supported by EV and wind blade demand.
• France recorded USD 6.28 Billion in 2025, representing 24.1% share, due to aerospace and defense programs.
• United Kingdom registered USD 5.18 Billion in 2025, holding 19.9% share, with growth in automotive lightweighting.

Asia-Pacific

Asia-Pacific dominates the composites market with a 41.9% share, representing USD 40.14 Billion in 2025. China, Japan, and India are the leading markets. China alone consumes more than 38% of regional composites due to high production in transportation, electronics, and renewable energy. Japan contributes significantly in automotive and electronics composites, while India shows strong demand in construction and wind energy. Over 23% of global composites used in wind turbine blades are concentrated in Asia-Pacific, reflecting strong renewable investments.

Asia-Pacific accounted for 41.9% of the composites market in 2025, totaling USD 40.14 Billion, led by China, Japan, and India in manufacturing and renewable projects.

Asia-Pacific - Major Dominant Countries in the Market

• China led with USD 15.25 Billion in 2025, holding 38.0% regional share, driven by wind energy and automotive growth.
• Japan recorded USD 10.04 Billion in 2025, representing 25.0% share, owing to automotive and electronics production.
• India registered USD 7.22 Billion in 2025, holding 18.0% share, with expansion in infrastructure and wind power.

Middle East & Africa

Middle East & Africa represent 9.4% of the composites market, equal to USD 9.01 Billion in 2025. Growth is supported by infrastructure development, construction, oil & gas pipelines, and renewable energy projects. The UAE and Saudi Arabia are investing in wind and solar energy, while South Africa is increasing composites use in automotive and construction. More than 15% of regional demand is attributed to oil & gas applications, particularly through filament winding processes for pipelines and tanks.

Middle East & Africa accounted for 9.4% of the composites market in 2025, reaching USD 9.01 Billion, driven by infrastructure, oil & gas, and renewable projects.

Middle East & Africa - Major Dominant Countries in the Market

• Saudi Arabia led with USD 3.51 Billion in 2025, holding 39.0% share, supported by oil & gas and construction demand.
• United Arab Emirates recorded USD 2.61 Billion in 2025, representing 29.0% share, driven by renewable and smart city projects.
• South Africa registered USD 1.80 Billion in 2025, holding 20.0% share, with growth in automotive and infrastructure applications.

List of Key Composites Market Companies Profiled

Investment Analysis and Opportunities in Composites Market

Investments in the composites market are rising as multiple industries accelerate lightweight and sustainable solutions. Approximately 41.9% of global composites demand is in Asia-Pacific, creating a high-potential investment hub for automotive and construction. Wind energy alone consumes nearly 23% of composite demand, making renewable energy a key opportunity. Over 50% of modern aircraft structures are built using composites, reinforcing aerospace as a lucrative investment domain. Transportation accounts for 21% of usage, and electrical & electronics around 12%, indicating diverse applications. New investments are increasingly directed toward bio-based fibers and recyclable resins, which could capture more than 15% of future demand.

New Products Development

New product development in the composites market is being driven by sustainability and high-performance demand. Nearly 35% of innovations focus on recyclable and bio-based composites. In aerospace, advanced composites already make up over 50% of airframe weight, showing strong adoption of new formulations. Automotive lightweight components account for 21% of composites usage, with more than 30% of newly designed EV structures now incorporating composites. In electronics, around 12% of total composites are utilized, with product development emphasizing thermal resistance and durability. Emerging trends include 3D-printed composite parts, which are projected to grow by over 20% in adoption across multiple industries.

Recent Developments

• Airbus: In 2024, Airbus increased composite integration in its new aircraft models, where more than 55% of structures now consist of composites, enhancing efficiency and reducing fuel consumption.
• 3M: Launched sustainable glass fiber composites in 2024, contributing to 15% higher recyclability rates across industrial applications, addressing the global need for eco-friendly solutions.
• Formosa Plastics: Expanded composite production in 2024 by 18%, focusing on automotive-grade materials to meet the growing demand for lightweight and durable vehicle components.
• AKSA: Developed advanced carbon fiber composites in 2024, achieving 22% higher tensile strength, targeting aerospace and defense applications with stronger and lighter alternatives.
• Asahi Fibreglass: Introduced fire-resistant composite products in 2024, with performance that surpassed conventional solutions by 25%, strengthening adoption in construction and infrastructure projects.

Report Coverage

The composites market report provides in-depth coverage of industry trends, market dynamics, and strategic outlook. SWOT analysis highlights strengths such as lightweight advantages and corrosion resistance, which support widespread adoption across transportation (21%), aerospace (19%), and wind energy (18.2%). Weaknesses include high costs, particularly carbon fiber, which accounts for less than 15% share compared to glass fiber’s 60%. Opportunities are strong in Asia-Pacific, holding 41.9% share, where expanding automotive and renewable projects drive future growth. Threats include supply chain constraints, as over 70% of composites rely on critical fibers and resins. The report also outlines technological advancements such as 3D printing and recyclable composites, which could capture over 15% of future demand. Furthermore, it examines competitive strategies of leading players like Airbus, 3M, and Formosa Plastics, which collectively control over 20% of the global market. Regional analysis shows Europe with 27.2% share and North America at 21.5%, each shaped by aerospace, automotive, and defense industries. Middle East & Africa, with 9.4% share, present emerging opportunities in infrastructure and energy. This coverage ensures a detailed view of growth prospects, challenges, and strategies shaping the global composites market.