Advanced Composites Market Share

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 Share

Introduction: Navigating the Competitive Landscape of Advanced Composites

The advanced composites market is experiencing a change in the face of the rapid spread of technology, the emergence of strict regulations, and the growing demands of consumers for performance and sustainability. The key players, including manufacturers, IT systems integrators, and suppliers of the basic equipment, are competing with each other to lead the market by deploying solutions based on artificial intelligence, automation, and the Internet of Things. These solutions not only improve the performance of the production process, but also reshape the product range, and therefore the market position of the companies. The emerging disruptors, especially in the field of green energy and biometrics, are changing the competition in the market and forcing the established companies to change. In the long term, 2024–2025, the regional growth opportunities will continue to grow. The strategic deployment trends are mainly in North America and Asia-Pacific, where the demand for lightweight and high-performance materials is growing. This report analyzes the changing competition in this market and offers essential insights for C-level managers and strategic planners who need to master this complex landscape.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions across the advanced composites value chain, integrating materials, technologies, and services.

Vendor	Competitive Edge	Solution Focus	Regional Focus
DuPont de Nemours	Innovative material science expertise	High-performance composites	Global
BASF SE	Broad chemical portfolio and sustainability focus	Advanced composite materials	Europe, Asia, Americas
3M Company	Diverse technology applications	Adhesives and composite solutions	Global
Solvay SA	Strong R&D capabilities	Specialty polymers and composites	Global

Specialized Technology Vendors

These companies focus on niche technologies and innovations within the advanced composites sector, providing specialized products and solutions.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Teijin Limited	Leader in aramid fibers and carbon fibers	High-performance fibers	Asia, Americas, Europe
Hexcel Corporation	Expertise in composite materials for aerospace	Carbon fiber composites	Global
Cytec Industries	Advanced resin systems for composites	Composite materials and technologies	Global
Hexion Inc.	Innovative epoxy resins and adhesives	Resin technologies for composites	Global

Infrastructure & Equipment Providers

These vendors supply the necessary equipment and infrastructure to support the production and processing of advanced composites.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Mitsubishi Chemical Corporation	Diverse chemical and material solutions	Composite manufacturing technologies	Asia, Americas, Europe
Toray Industries	Vertical integration in carbon fiber production	Carbon fiber and composite materials	Global
Owens Corning	Strong in glass fiber composites	Glass fiber and composite solutions	Global
Royal DSM	Sustainability-driven innovation	Engineering plastics and composites	Global
Scott Bader Company	Specialized in polymer chemistry	Composite materials and adhesives	Global
SABIC	Strong polymer and chemical expertise	Advanced thermoplastic composites	Global

Emerging Players & Regional Champions

Hexcel (USA): Specializes in carbon fiber and resin systems for use in aeronautics and automobiles, and recently received a multi-year contract from Boeing to supply them with advanced composite materials, thereby threatening the leading suppliers such as Toray Industries by offering lighter weights.
SGL CARBON (Germany): This company is developing industrial applications for carbon-fibre-reinforced plastics (CFRP). It has just entered into a partnership with BMW to develop lightweight components, thereby enabling the traditional suppliers to enhance the efficiency and the sustainability of the car-making process.
The Japan-based chemical company Mitsubishi has developed a range of advanced composite materials for use in the electrical and automobile industries. The company has recently been involved in a project with Toyota to develop the next generation of composite materials. It is a serious challenger to the established player BASF.
Axiom Materials (USA): Provides advanced composite materials for aerospace and defense, recently won a contract with Lockheed Martin for high-performance composite solutions, complementing larger firms by focusing on niche applications.
The Japanese company Teijin, known for its aramid fibers and thermoplastic composites, has recently teamed up with Honda to make parts for electric vehicles, and is a leading manufacturer of new energy vehicles.

Regional Trends: By 2024, the Advanced Composites Market in North America and Europe is expected to grow significantly. This is mainly due to the growing demand from the aerospace and automobile industries. The companies are focusing on bio-based composites and on recyclability. In Asia-Pacific, especially in the automobile industry, light materials are increasingly being used to improve fuel efficiency and performance.

Collaborations & M&A Movements

Solvay and Hexcel have joined together in the development of advanced composite materials for the aeronautical industry. The objective is to increase performance and reduce the weight of aircraft, thus strengthening their competitiveness in a growing market.
Toray Industries acquired TenCate Advanced Composites in early 2024 to expand its portfolio in high-performance materials, significantly increasing its market share and reinforcing its leadership in the global advanced composites market.
BASF and SGL Carbon announced a collaboration to innovate sustainable composite solutions for the automotive industry, focusing on reducing carbon footprints and meeting increasing regulatory demands for eco-friendly materials.

Competitive Summary Table

Capability	Leading Players	Remarks
Material Innovation	Hexcel, Toray Industries	Hexcel has developed a carbon fiber which gives a high strength-to-weight ratio, which is essential for aircraft. Toray Industries is known for its thermoplastic composites, which are finding their way into automobiles because of their recyclability.
Manufacturing Efficiency	Solvay, SABIC	Solvay has implemented automated production lines that reduce cycle times for composite parts, improving overall efficiency. SABIC's use of additive manufacturing techniques allows for rapid prototyping and reduced waste in production.
Sustainability Practices	BASF, Mitsubishi Chemical	The new products of BASF meet the most stringent environmental standards. In order to achieve the goal of sustainable development, Mitsubishi is investing in the development of a technology to reclaim and reuse composite materials.
End-Use Applications	General Electric, Airbus	General Electric utilizes advanced composites in its jet engines, significantly improving fuel efficiency. Airbus has integrated composite materials in its A350 aircraft, showcasing their commitment to lightweight structures for better performance.
Research and Development	3M, DuPont	3M is heavily investing in R&D for new adhesive technologies that enhance composite bonding. DuPont's focus on developing high-performance polymers is setting new standards in the composites market, particularly for automotive applications.

Conclusion: Navigating the Advanced Composites Landscape

In 2024, the advanced composites market will be characterized by intense competition and significant fragmentation, with both the old and new players vying for market share. Regional trends are characterized by an increased focus on innovation and sustainable development, particularly in North America and Europe, where regulatory frameworks are increasingly favoring eco-friendly materials. Suppliers must strategically position themselves to take advantage of opportunities in artificial intelligence, automation, and flexibility, to enhance production efficiency and meet changing customer demands. Leading suppliers will be those that embrace sustainable development and invest in advanced technology. The rest will be left behind in the rapidly evolving environment.

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