Advanced Composites Market Analysis

ID: MRFR/CnM/3257-HCR

200 Pages

Chitranshi Jaiswal

October 2025

Advanced Composites Market Research Report By Application (Aerospace, Automotive, Construction, Electronics, Marine), By Type (Carbon Fiber Composites, Glass Fiber Composites, Aramid Fiber Composites, Natural Fiber Composites, Hybrid Composites), By Manufacturing Process (Layup, Filament Winding, Pultrusion, Resin Infusion, Out-of-Autoclave), By Matrix Type (Thermosetting Polymer, Thermoplastic...

Single User

$ 4,950.0

Multiple License

$ 5,950

Enterprise User

$ 7,250.0

Summary Table of Contents Segmentation Download PDF

Market Analysis

Advanced Composites Market (Global, 2024)

Introduction

The advanced composites market is set to undergo a significant transformation as the need for lightweight, high-strength materials that improve performance and efficiency continues to grow. The advanced composites market comprises a wide range of materials, including carbon, glass and aramid fibre composites. It is driven by the growing demand from a range of end-use industries, such as aerospace, automobiles, construction and renewable energy. The unique properties of advanced composites, such as their resistance to corrosion, their high strength and their design flexibility, make them the ideal material for applications that require superior performance under challenging conditions. Moreover, as the advanced composites market grows, the industry is set to focus on the development of new manufacturing techniques and the use of sustainable processes. This dynamic industry presents both challenges and opportunities for the companies operating in it, such as the need to comply with regulations and to find cost-effective solutions in an increasingly competitive environment.

PESTLE Analysis

Political: In 2024, government policy increasingly favors the use of high-tech composites, especially in the military and aeronautical sectors. For example, the U.S. Department of Defense allocates some $ 1.2 billion for the development of new materials, including composites, to enhance military capabilities. The European Union, moreover, adopts regulations promoting sustainable materials, and sets a goal that by 2025, at least 30% of all public procurements should be in advanced composites.
Economic: In 2024, the global economy is characterized by a projected increase in manufacturing. The International Monetary Fund estimates a 3.5% growth rate in the manufacturing sector. This growth will mainly affect the demand for advanced composites in the automotive and aeronautical industries, where the combined spending on lightweight materials is expected to reach 15 billion dollars. In addition, the rising cost of traditional materials, steel for example, which will average 800 dollars a ton, will push manufacturers to look for cheaper composite alternatives.
Social: A survey conducted in the developed countries shows that 68 per cent of consumers are willing to pay a premium for products made from advanced composites. This trend is especially visible in the automobile industry, where manufacturers are increasingly turning to composites to reduce the weight of their vehicles and thus improve fuel efficiency. And with growing awareness of the environment, more and more companies are investing in advanced composites. By 2024, the investment in sustainable composites is expected to reach $500 million.
Technological: The production of advanced composites is advancing rapidly. The introduction of automation has made it possible to produce large quantities. By 2024 it is expected that 40 per cent of the production of advanced composites will be automated, reducing production time and costs. Also, 3D printing of composites is gaining in importance, and by 2024 the market for 3D printed composites is expected to reach $1.5 billion. These developments in technology will broaden the field of applications for advanced composites.
Legal: In 2024 the regulatory framework for the use of advanced composites is becoming more and more strict, especially in the field of aeronautics and automobiles. In the United States, the Federal Aviation Administration has issued new guidelines that by 2024, in order to ensure the safety and performance of new aircraft, the composite content of all new parts should be increased from 25% to 50%. It is becoming mandatory for manufacturers to comply with international standards such as ISO 9001, and in this sense about 60% of advanced composites companies are seeking certification to meet the legal requirements.
Environmental: In the field of environment, the study of the recyclability and life cycle assessment of advanced composites is carried out. It is estimated that by 2024 about twenty per cent of the advanced composites produced will be made from recycled materials, thereby demonstrating a growing concern for the environment. In addition, the carbon footprint of composite production is being addressed by measures to reduce emissions by fifteen per cent by 2025. The industry is investing in the development of eco-friendly production methods, and it is estimated that in the coming year about $300 million will be spent on research into biodegradable composites.

Porter's Five Forces

Threat of New Entrants: In 2024, the threat of new entrants to the Advanced Composites Market is moderate. There are high barriers to entry, including high capital requirements, and a need for specialized technology and expertise. Also, economies of scale and strong brand recognition, which the established companies benefit from, can act as a deterrent to newcomers. However, technological developments can lower some of these barriers, thereby making it easier for niche players to enter the market.
Bargaining Power of Suppliers: The bargaining power of suppliers in the market for advanced composites is medium. It is based on a limited number of suppliers of raw materials such as carbon fibres and resins, which gives the suppliers some leverage. However, the growing number of alternative materials and the potential for vertical integration in the supply chain may reduce this power. The increasing diversification of companies’ supply chains may also reduce the suppliers’ overall power.
Bargaining Power of Buyers: High - The buyers in the advanced composites market have high bargaining power due to the many alternatives and the relative ease of changing suppliers. These buyers, from industries such as aeronautics, automobiles and construction, are more and more demanding cost-effective and high-performance materials, which gives them a strong hand in negotiations. In addition, the trend towards more sustainable and lightweight materials makes it easier for buyers to choose the best option.
Threat of Substitutes: The threat of substitutes in the advanced composites market is medium. In spite of the unique properties of advanced composites such as high strength-to-weight ratios, there are alternatives such as metals, plastics, and traditional composites which can be used in similar applications. In the long term, however, the development of substitute materials will be a challenge.
Competitive Rivalry: Competition in the advanced composites market is high, mainly due to the presence of several established players and the rapid advancement of technology. Competition is therefore intense, as companies are constantly striving to improve the performance and reduce the cost of their products. The market is characterized by frequent takeovers and mergers, as companies try to increase their capabilities and market share. This intense competition often leads to price wars and increased marketing expenditure, which further intensifies competition.

SWOT Analysis

Strengths

High strength-to-weight ratio, making advanced composites ideal for aerospace and automotive applications.
Growing demand for lightweight materials to improve fuel efficiency and reduce emissions.
Technological advancements in manufacturing processes, enhancing product quality and reducing costs.

Weaknesses

High initial costs associated with raw materials and production processes.
Limited recycling options for certain composite materials, raising environmental concerns.
Complexity in design and manufacturing can lead to longer lead times.

Opportunities

Increasing investments in renewable energy sectors, such as wind and solar, driving demand for advanced composites.
Emerging markets in Asia-Pacific and Latin America presenting new growth avenues.
Potential for innovation in biocomposites and sustainable materials to meet regulatory requirements.

Threats

Intense competition from traditional materials like metals and plastics.
Economic fluctuations impacting manufacturing and supply chain stability.
Regulatory challenges related to environmental impact and material safety.

Summary

The advanced composites market in 2024 is characterized by significant advantages, such as high performance and technological development, but also by difficulties, such as high costs and the environment. Opportunities for growth are significant, especially in the field of green energy and emerging countries, but competition and regulations can affect the market structure. Companies must therefore be aware of innovation and sustainability as a strategic priority.

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

Get In Touch

FAQs

What was the market size of the Advanced Composites Market in 2024?

The Advanced Composites Market was valued at 41.85 USD Billion in 2024.

What will the market size of the Advanced Composites Market be like by 2035?

By 2035, the Advanced Composites Market is projected to reach a value of 75.0 USD Billion.

What is the expected compound annual growth rate (CAGR) for the Advanced Composites Market from 2025 to 2035?

The CAGR for the Advanced Composites Market is expected to be 5.45% from 2025 to 2035.

Which region held the largest market share in the Advanced Composites Market in 2024?

North America held the largest market share in the Advanced Composites Market, valued at 12.5 USD Billion in 2024.

What was the market value of the Automotive application segment in 2024?

The Automotive application segment of the Advanced Composites Market was valued at 10.5 USD Billion in 2024.

Which key players are prominent in the Advanced Composites Market?

Key players in the Advanced Composites Market include DuPont de Nemours, Toray Industries, and BASF SE, among others.

What is the expected market value for the Aerospace application segment by 2035?

The Aerospace application segment is expected to reach a market value of 23.0 USD Billion by 2035.

How much is the Asia Pacific region expected to grow in the Advanced Composites Market by 2035?

The Asia Pacific region is expected to grow to a market value of 24.0 USD Billion in the Advanced Composites Market by 2035.

What was the market size for the Electronics application segment in 2024?

The Electronics application segment held a market size of 7.0 USD Billion in 2024.

What is the expected market value for the Construction application segment in 2035?

The Construction application segment is expected to reach a market value of 15.0 USD Billion by 2035.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

Customize Report

Certified Researchers

Market Summary

As per Market Research Future Analysis, the Global Advanced Composites Market was valued at 39.69 USD Billion in 2023 and is projected to grow to 75.0 USD Billion by 2035, reflecting a CAGR of 5.45% from 2025 to 2035. The market is driven by increasing demand from aerospace, automotive, and construction sectors, focusing on lightweight materials to enhance fuel efficiency and reduce emissions. Technological advancements in manufacturing processes and rising investments in R&D are further propelling market growth.

Key Market Trends & Highlights

The Advanced Composites Market is witnessing significant trends that reflect evolving industry dynamics.

Aerospace segment expected to grow from 10.0 USD Billion in 2024 to 18.0 USD Billion by 2035. Automotive sector projected to rise from 9.0 USD Billion in 2024 to 16.0 USD Billion by 2035. Wind energy sector's installed capacity increased to over 740 GW, driving demand for advanced composites.

Advanced Composites Market

CAGR

5.45%

Market Size & Forecast

2023 Market Size	USD 39.69 Billion
2024 Market Size	USD 41.85 Billion
2035 Market Size	USD 75.0 Billion
CAGR (2025-2035)	5.45%
Largest Regional Market Share in 2024	North America.

Major Players

Key players include Solvay, Teijin Limited, Hexion, SABIC, Mitsubishi Chemical, Hexcel Corporation, Lanxess, Toray Industries, Cytec, Momentive Performance Materials, I. du Pont de Nemours and Company, DSM, LG Chem, BASF, and 3M.

Market Trends

A number of key factors, including the growing need for lightweight materials across sectors, are causing a major shift in the Advanced Composites Market. The demand for improved fuel economy and lower emissions, especially in the automobile and aerospace industries, is a major driver of this change.

Market dynamics are also being shaped by continuous innovation in materials and production techniques, such as the emergence of automation and additive manufacturing. As environmental concerns continue to rise, there are opportunities to investigate, such as the creation of bio-based and sustainable composite materials.

By investing in greener technologies that not only satisfy legal requirements but also appeal to consumers who care about the environment, manufacturers are attempting to take advantage of this trend. Advanced composites are increasingly used in athletic goods and construction, where durability and performance are critical factors, according to recent developments.

As more sectors realize the benefits of advanced composites in their particular settings, these applications are becoming more and more popular. Collaboration between industries, including businesses and research institutes, has also significantly increased in an effort to spur innovation and solve issues related to the scalability of these materials.

While emerging economies are accelerating their use of advanced composites to increase their competitive advantage, regions such as North America and Europe are concentrating on bolstering their manufacturing capabilities.

Another trend influencing the Advanced Composites Market is the move towards automation and smart manufacturing in these areas, which places an emphasis on production processes' accuracy, efficiency, and quality.

The Global Advanced Composites Market is poised for growth, driven by increasing demand for lightweight materials across various industries, which enhances performance and efficiency.

U.S. Department of Energy

Advanced Composites Market Market Drivers

Growing Demand in Aerospace Sector

The Global Advanced Composites Market Industry experiences a robust demand surge, particularly within the aerospace sector. Advanced composites, known for their lightweight and high-strength properties, are increasingly utilized in aircraft manufacturing to enhance fuel efficiency and reduce emissions. For instance, the Boeing 787 Dreamliner incorporates composite materials extensively, leading to a significant reduction in weight and operational costs. As the aerospace industry continues to expand, projected to reach a market value of 41.9 USD Billion in 2024, the reliance on advanced composites is likely to grow, indicating a promising trajectory for the Global Advanced Composites Market Industry.

Market Segment Insights

Advanced Composites Market Segment Insights

Advanced Composites Market Segment Insights

Advanced Composites Market Application Insights

Advanced Composites Market Application Insights

The Advanced Composites Market, focusing on the Application segment, is poised for substantial growth, driven by various industrial demands and technological advancements.

In 2024, the sector generated significant revenues, with the Aerospace Application valued at 12.5 USD Billion and expected to reach 23.0 USD Billion by 2035, highlighting its importance in minimizing weight and increasing fuel efficiency in aircraft design.

Advanced Composites Market Type Insights

Advanced Composites Market Type Insights

The Advanced Composites Market, particularly focusing on the Type segment, is a dynamic area marked by a variety of materials with unique properties and applications. Among the various types, <a href="https://www.marketresearchfuture.com/reports/carbon-fibre-composite-market-31241">Carbon Fiber Composites</a> are renowned for their exceptional strength-to-weight ratio, making them a preferred choice in industries such as aerospace and automotive.

Glass Fiber Composites are widely recognized for their cost-effectiveness and versatility, catering to sectors ranging from building and construction to sporting goods. Aramid Fiber Composites offer superior resistance to abrasion and impact, making them integral to protective clothing and military applications.

Advanced Composites Market Manufacturing Process Insights

Advanced Composites Market Manufacturing Process Insights

The Advanced Composites Market, particularly in the Manufacturing Process segment, is poised for substantial growth. Prominent manufacturing techniques such as Layup, Filament Winding, Pultrusion, Resin Infusion, and Out-of-Autoclave play crucial roles in this sector.

Layup and Filament Winding are particularly significant due to their ability to create highly efficient structures for applications in aerospace and automotive industries where weight reduction and strength are critical. Pultrusion serves as a vital process for manufacturing continuous lengths of composite parts, offering consistency and durability.

Advanced Composites Market Matrix Type Insights

Advanced Composites Market Matrix Type Insights

The Advanced Composites Market, particularly focusing on the Matrix Type segment, is poised for significant growth. This segment is critical as it encompasses various <a href="https://www.marketresearchfuture.com/reports/composite-material-market-33737">composite materials</a> that are extensively utilized across diverse industries.

Within this segment, Thermosetting Polymers and Thermoplastic Polymers are vital due to their robust mechanical properties and high-temperature resistance, making them ideal for aerospace and automotive applications. Meanwhile, Metal Matrix and Ceramic Matrix composites offer enhanced strength and thermal stability, making them indispensable in specialized sectors such as defense and electronics.

Get more detailed insights about Advanced Composites Market Research Report - Forecast till 2035

Regional Insights

North America led with a valuation of 12.5 USD Billion in 2024, emphasizing its significance and dominance in aerospace and automotive sectors, supported by continuous investments in Research and Development. Europe followed closely with a market valuation of 10.5 USD Billion in 2024, strengthened by a robust manufacturing base and stringent regulations driving the demand for lightweight materials.

Asia Pacific, valued at 14.0 USD Billion in 2024, emerged as a critical player due to its rapid industrialization and increasing demand in the transportation sector, highlighting its market growth potential.

Meanwhile, South America, with a value of 2.0 USD Billion, slowly gained traction as industries sought to enhance their production capabilities. The Middle East and Africa, valued at 3.85 USD Billion, witnessed gradual advancements in composite technology, focusing on oil and gas applications.

Each region contributed significantly to the Advanced Composites Market revenue, particularly North America and Asia Pacific, which dominated the market due to favorable government initiatives and technological advancements.

Advanced Composites Market Regional Insights

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

The Advanced Composites Market is characterized by its dynamic landscape, driven by innovative technologies and heightened demand across various industries, including aerospace, automotive, and construction.

As the market evolves, competitive insights reveal that organizations are leveraging advancements in material science to enhance product performance, reduce weight, and improve durability. The growing need for high-performance materials has led to strategic collaborations, mergers, and acquisitions among key players, enabling them to expand their market presence and diversify their product offerings.

In this competitive environment, companies are focusing on research and development to sustain their competitive advantage and meet the evolving needs of customers across global markets.

Kering SA has established a notable presence in the Advanced Composites Market through its commitment to sustainability and innovation. The company emphasizes eco-conscious practices while delivering high-quality composite materials that cater to a wide range of applications.

With a strong focus on brand reputation, Kering SA leverages its strengths in design and creativity to introduce advanced composite solutions that align with modern consumer preferences for lightweight and durable products.

The firm's strategic initiatives have enabled it to forge valuable partnerships, thus enhancing its market reach and establishing itself as a leader in sustainability within the composites sector.

DuPont de Nemours has a substantial footprint in the Advanced Composites Market, known for its diverse range of specialized products and exceptional material performance. The company is recognized for its innovations in composite technology, particularly in areas such as aerospace and high-performance automotive applications.

DuPont de Nemours offers key products that include advanced composite solutions with superior thermal stability and mechanical properties, positioning itself as a vital player in the industry. The company has pursued strategic mergers and acquisitions to bolster its product portfolio and expand its market presence globally.

This focus on growth, coupled with a commitment to research and development, has solidified DuPont de Nemours as a competitive force, allowing it to respond effectively to market demands and trends.

Key Companies in the Advanced Composites Market market include

Industry Developments

Q2 2024: Solvay opens new composite materials facility in South Korea to support aerospace growth Solvay inaugurated a new advanced composites manufacturing plant in Gunsan, South Korea, aimed at supplying lightweight materials for aerospace and defense customers in Asia.
Q2 2024: Toray Industries announces partnership with Boeing for next-generation carbon fiber composites Toray Industries signed a multi-year agreement with Boeing to co-develop advanced carbon fiber composite materials for use in future commercial aircraft.
Q2 2024: Hexcel launches new HexPly® M51 prepreg for high-rate aerospace manufacturing Hexcel introduced HexPly® M51, a new prepreg system designed to enable faster production rates and improved performance for aerospace composite structures.
Q2 2024: Teijin acquires Renegade Materials to expand aerospace composites portfolio Teijin Limited completed the acquisition of Renegade Materials, a US-based supplier of heat-resistant composite materials, strengthening its position in the aerospace sector.
Q3 2024: SGL Carbon secures multi-year contract with BMW for carbon fiber automotive components SGL Carbon signed a multi-year supply agreement with BMW to provide carbon fiber composite materials for use in electric vehicle chassis and body panels.
Q3 2024: Spirit AeroSystems opens new composites manufacturing center in Malaysia Spirit AeroSystems launched a new composites manufacturing facility in Subang, Malaysia, to support growing demand from commercial aerospace customers in the Asia-Pacific region.
Q3 2024: Toray Industries unveils new thermoplastic composite for hydrogen storage tanks Toray Industries announced the launch of a new thermoplastic composite material designed for lightweight, high-pressure hydrogen storage tanks used in fuel cell vehicles.
Q4 2024: Hexcel and Safran sign partnership to develop next-generation engine composites Hexcel and Safran entered a strategic partnership to co-develop advanced composite materials for use in next-generation aircraft engine components.
Q4 2024: Mitsubishi Chemical Group wins contract to supply composites for Airbus A350 Mitsubishi Chemical Group secured a contract to supply advanced composite materials for the production of Airbus A350 aircraft, expanding its footprint in the aerospace sector.
Q1 2025: Hexcel Corporation appoints Tom Gentile as new CEO Hexcel Corporation announced the appointment of Tom Gentile as Chief Executive Officer, effective January 2025, to lead the company’s growth in advanced composites.
Q1 2025: Spirit AeroSystems wins contract for composite wing structures for new Boeing model Spirit AeroSystems was awarded a major contract to manufacture composite wing structures for Boeing’s upcoming commercial aircraft program.
Q2 2025: Teijin launches new carbon fiber composite for wind turbine blades Teijin introduced a new carbon fiber composite material specifically engineered for use in next-generation wind turbine blades, targeting the renewable energy market.

Future Outlook

Advanced Composites Market Future Outlook

The Global Advanced Composites Market is poised for growth at 5.45% CAGR from 2024 to 2035, driven by aerospace innovations, automotive lightweighting, and renewable energy applications.

New opportunities lie in:

Develop advanced composite materials for electric vehicle components. Invest in recycling technologies for composite waste management. Create tailored solutions for aerospace structural applications.

By 2035, the market is expected to exhibit robust growth, reflecting evolving industry demands and technological advancements.

Market Segmentation

Advanced Composites Market Type Outlook

Carbon Fiber Composites
Glass Fiber Composites
Aramid Fiber Composites
Natural Fiber Composites
Hybrid Composites

Advanced Composites Market Regional Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Advanced Composites Market Application Outlook

Aerospace
Automotive
Construction
Electronics
Marine

Advanced Composites Market Matrix Type Outlook

Thermosetting Polymer
Thermoplastic Polymer
Metal Matrix
Ceramic Matrix

Advanced Composites Market Manufacturing Process Outlook

Layup
Filament Winding
Pultrusion
Resin Infusion
Out-of-Autoclave

Report Scope

Report Attribute/Metric	Details
Market Size 2023	39.69(USD Billion)
Market Size 2024	41.85(USD Billion)
Market Size 2035	75.0(USD Billion)
Compound Annual Growth Rate (CAGR)	5.45% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Kering SA, DuPont de Nemours, Teijin Limited, Mitsubishi Chemical Corporation, Toray Industries, BASF SE, Hexcel Corporation, Hexion Inc., Cytec Industries, Royal DSM, Scott Bader Company, 3M Company, Solvay SA, Owens Corning, SABIC
Segments Covered	Application, Type, Manufacturing Process, Matrix Type, Regional
Key Market Opportunities	Increased demand in the aerospace sector, Growth in renewable energy applications, Rising automotive lightweighting initiatives, Expansion in defense and military use, Advancements in manufacturing processes
Key Market Dynamics	rising demand in the aerospace industry, increasing focus on lightweight materials, growing automotive sector applications, advancements in manufacturing technologies, expanding end-use industries
Countries Covered	North America, Europe, APAC, South America, MEA

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

Latest Comments

John Doe

john@example.com

This is a great article! Really helped me understand the topic better.

Posted on July 23, 2025, 10:15 AM

Jane Smith

jane@domain.com

Thanks for sharing this. I’ve bookmarked it for later reference.

Posted on July 22, 2025, 7:45 PM

View All