Composites Market Report 2026

Composites Market Overview

• Composites market size has reached to $114.49 billion in 2025 • Expected to grow to $178 billion in 2030 at a compound annual growth rate (CAGR) of 9.1% • Growth Driver: Composites Market Surges With Escalating Demand For Renewable Energy • Market Trend: Technological Advancements In Composites Driving Lightweight Solutions In Aerospace Applications • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Composites Market?

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 fiber is a lightweight but very strong material. Carbon fiber is firmer than steel and five times stronger than it. The manufacturing process for these composites includes the layup process, filament winding process, injection molding process, pultrusion process, compression molding process, resin transfer molding 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.

What Is The Composites Market Growth Forecast?

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.

Global Composites Market Segmentation

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

What Is The Driver Of The Composites Market?

The increasing demand for renewable energy is expected to propel the growth of the composites market in the coming years. Renewable energy is power produced from environmentally replenished and non-depleting sources such as sunshine, water, wind, geothermal heat, and biomass. Composites' distinct traits, such as excellent strength, corrosion resistance, lightweight attributes, and longevity, make them an attractive alternative for different components and structures in renewable energy sources. For instance, in March 2025, according to the International Renewable Energy Agency (IRENA), a UAE-based international body tasked with encouraging collaboration, increase in renewable power capacity during 2024, reaching 4 448 gigawatts (GW). Further, the 585 GW addition last year indicates a 92.5% share of the total capacity expansion, and a record rate of annual growth (15.1%). Therefore, the increasing demand for renewable energy is driving the composites industry.

Key Players In The Global Composites Market

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

Global Composites Market Trends and Insights

Major companies operating in the composites market are focusing on technological advancements, such as lightweight and high-strength composite materials, to cater to industries like aerospace, automotive, and renewable energy. HexForce 1K woven reinforcement fabric is a high-performance composite material designed for enhanced strength and durability, typically used in various industrial applications such as aerospace and automotive sectors. For instance, in September 2024, Hexcel Corporation, a US-based manufacturer of reinforcement products, composite materials, and engineered products, launch of its new HexForce 1K woven reinforcement fabric. This lightweight fabric leverages the Hexcel proprietary HexTow AS4C 1K carbon fiber, enabling the production of high-strength, low-weight composite materials. These fabrics are well-suited for various industrial applications, such as golf shafts, hockey sticks, and automotive components.

What Are Latest Mergers And Acquisitions In The Composites Market?

In December 2025, Cambium Networks Corporation, a US-based manufacturingcompany, acquired SHD Group for an undisclosed amount. With this acquisition, Cambium aims to combine its AI-driven materials discovery and molecular design capabilities with SHD’s agile, qualified global composites manufacturing to accelerate time-to-market, scale production, and expand its addressable markets across aerospace, defense, energy, high-performance automotive, and other industrial sectors. SHD Group Holding GmbH is a Germany-based company that provides high-performance composite materials for aerospace, defense, automotive, energy, and industrial applications.

Regional Outlook

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.

What Defines the Composites Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Composites Market Report 2026?

The composites market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the composites Market Report 2026? The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the Market Report 2026?