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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 Polymer, Metal Matrix, Ceramic Matrix) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to


ID: MRFR/CnM/3257-HCR | 111 Pages | Author: Chitranshi Jaiswal| April 2025

Global Advanced Composites Market Overview


The Advanced Composites Market Size was estimated at 39.69 (USD Billion) in 2023. The Advanced Composites Industry is expected to grow from 41.85(USD Billion) in 2024 to 75 (USD Billion) by 2035. The Advanced Composites Market CAGR (growth rate) is expected to be around 5.45% during the forecast period (2025 - 2035).


Key Advanced Composites Market Trends Highlighted


The  Advanced Composites Market is witnessing significant trends that reflect evolving industry dynamics. One key market driver is the increasing demand from end-user industries such as aerospace, automotive, and construction. These sectors are increasingly adopting advanced composites due to their lightweight properties, which enhance fuel efficiency and reduce greenhouse gas emissions. Moreover, regulations aimed at environmental sustainability are pushing manufacturers to explore and integrate advanced composites into their products to meet stricter compliance standards.  In recent times, a notable trend has been the growing focus on research and development activities surrounding advanced composite materials.Innovations in manufacturing techniques and materials such as carbon fiber and glass fiber composites are on the rise, leading to improved performance characteristics. The shift towards digitalization in manufacturing processes is also gaining traction as companies seek to optimize production efficiency and reduce costs, aligning with  sustainability goals. Opportunities to be explored in the  Advanced Composites Market include the potential rise in applications for advanced composites in renewable energy sectors, particularly in wind turbine blades and solar panels. As the world increasingly transitions to sustainable energy sources, the need for durable, lightweight materials in these technologies will become more pronounced.Additionally, emerging markets in Asia-Pacific and Latin America represent a growing consumer base for advanced composites driven by rapid industrialization and infrastructure development. The combination of these trends, drivers, and opportunities positions the  Advanced Composites Market for substantial growth in the coming years.


Global Advanced Composites Market Overview


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Advanced Composites Market Drivers


Increasing Demand for Lightweight Materials in Various Industries


The  Advanced Composites Market Industry is witnessing a significant surge in demand driven by the need for lightweight materials, particularly in the aerospace and automotive sectors. These industries are prioritizing advanced composites to enhance fuel efficiency and reduce emissions. According to the International Air Transport Association, the aviation sector aims to cut carbon emissions by 50% by 2050, which necessitates the adoption of lighter materials, as advanced composites can reduce aircraft weight by up to 20%.Established aircraft manufacturers like Boeing and Airbus are leading the way, incorporating composite materials in aircraft components, thus supporting this growing market. The  Advanced Composites Market is well-positioned to benefit from these trends as lightweight materials become essential in achieving international sustainability goals.


Technological Advancements in Manufacturing Processes


The  advanced composites market is expanding as a result of technological advancements in advanced composites production. Manufacturers can now create high-performance composites with greater accuracy and reduced manufacturing costs thanks to innovations like 3D printing and automated fiber placement technology. The US Department of Energy highlights that during the next ten years, better production methods can cut the cost of composite components by thirty percent.Because of the lower costs and better results, modern composites are being used more widely in sectors including building, automotive, and healthcare.


the ,Rising Investment in Research and Development


The  Advanced Composites Market Industry is benefiting from increased investment in Research and Development (R) initiatives aimed at enhancing material properties and applications.  spending on R related to advanced materials is growing rapidly, with estimates suggesting an increase to over USD 150 billion in 2025. Institutions and corporations like NASA and General Electric are heavily investing in innovative composite applications, which fosters collaboration and leads to breakthroughs in material performance.This heightened focus on R not only bolsters product offerings but also aligns with  industry trends toward fuel-efficient and high-strength materials.


Expansion of End-Use Industries ly


The  Advanced Composites Market Industry is buoyed by the expansion of end-use industries such as wind energy, automotive, aerospace, and military applications. The wind energy sector, in particular, is experiencing exponential growth, with the  Wind Energy Council reporting an increase in installed capacity to over 740 GW in recent years. As wind turbine manufacturers turn to advanced composites for blades and structures to enhance durability and efficiency, the demand for these materials is surging.This trend is pivotal for the  Advanced Composites Market, aligning with environmental objectives and commitments by various countries.


Advanced Composites Market Segment Insights


Advanced Composites Market Application Insights  


The  Advanced Composites Market is experiencing a notable growth trajectory as it expands within various applications, significantly influenced by the increasing demand for lightweight and high-strength materials across industries. In 2024, the market is valued at 41.85 USD Billion, showcasing a robust upward movement towards 75.0 USD Billion by 2035. The Application segment illustrates a diverse landscape characterized by its various applications, which include Aerospace, Automotive, Construction, Electronics, and Marine.The Aerospace segment, valued at 10.0 USD Billion in 2024, is expected to grow to 18.0 USD Billion in 2035. This sector dominates due to the aviation industry's commitment to reducing weight for enhanced fuel efficiency and performance, making advanced composites critical components in aircraft structure and parts. In the Automotive sector, the market stands at 9.0 USD Billion in 2024, expected to rise to 16.0 USD Billion by 2035, driven by the increasing need for fuel-efficient vehicles and the adoption of electric and hybrid models that require lighter materials to improve energy efficiency and driving range.The Construction sector also plays a critical role, with a valuation of 8.0 USD Billion in 2024, growing to 14.0 USD Billion by 2035, propelled by the use of advanced composites in building materials that offer durability and reduced maintenance costs, essential for sustainable building practices. Meanwhile, the Electronics sector's valuation at 7.0 USD Billion in 2024 and projected growth to 13.0 USD Billion by 2035 highlights the importance of composites in enhancing performance and miniaturization of devices. Lastly, the Marine segment, beginning at 7.85 USD Billion in 2024 and expected to reach 14.0 USD Billion in 2035, is significant due to the advanced composites' resistance to corrosion and lightweight features, which are crucial for boat construction and performance in harsh marine environments.Together, these segments contribute to the overall  Advanced Composites Market revenue, reflecting the growing reliance on innovative materials that enhance performance, reduce weight, and provide sustainability across various industries. The supporting market trends include a rise in Research and Development initiatives aimed at enhancing the properties of advanced composites and addressing challenges such as production costs and scalability. This creates a plethora of opportunities for manufacturers to cater to the evolving needs of the market while reinforcing their competitiveness within the  Advanced Composites Market statistics.


Advanced Composites Market Application Insights


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Advanced Composites Market Type Insights  


The  Advanced Composites Market is experiencing substantial growth as it heads towards being valued at 41.85 USD Billion in 2024. This segment encompasses a diverse range of materials that are redefining industries through enhanced strength, lightweight properties, and resistance to various environmental factors. Carbon Fiber Composites are highly regarded for their high strength-to-weight ratio and are prevalent in aerospace, automotive, and sports equipment industries. Glass Fiber Composites, on the other hand, provide excellent tensile strength at a comparatively lower cost and are widely utilized in construction and marine applications.Aramid Fiber Composites are critical in applications where high durability is essential, such as in ballistic protection and aerospace. The inclusion of Natural Fiber Composites emphasizes sustainability by integrating renewable resources, making it appealing to eco-conscious sectors. Lastly, Hybrid Composites incorporate multiple materials to optimize performance characteristics for specific applications. The evolution of these materials is driven by the demand for lightweight and durable products, along with a growing emphasis on sustainability in manufacturing, presenting opportunities for further innovation in the  Advanced Composites Market.


Advanced Composites Market Manufacturing Process Insights  


The  Advanced Composites Market, focusing on the Manufacturing Process segment, is gaining significant traction, with market revenue valued at 41.85 billion USD in 2024. Key processes in this segment include Layup, Filament Winding, Pultrusion, Resin Infusion, and Out-of-Autoclave, each offering unique advantages that cater to diverse industry needs. Layup is crucial for producing large, complex structures efficiently, while Filament Winding is pivotal for creating high-strength components primarily used in the aerospace and automotive sectors.Pultrusion provides continuous lengths of composite profiles with precise cross-sections, making it essential for construction and infrastructure applications. Resin Infusion, known for its cost-effectiveness and reduced waste, finds its importance in high-volume manufacturing. Out-of-Autoclave processes are increasingly popular due to lower operational costs and the ability to produce high-quality parts without the need for large autoclaves. These processes collectively drive innovation within the market, enhancing performance and reducing material costs, thus positioning the  Advanced Composites Market for sustained growth amid evolving industry demands.


Advanced Composites Market Matrix Type Insights  


The  Advanced Composites Market, focusing on the Matrix Type segment, showcases significant growth potential as it is valued at 41.85 billion USD in 2024 and reach 75.0 billion USD by 2035. The matrix type, which plays a crucial role in defining the mechanical properties and processing characteristics of composite materials, includes various categories such as Thermosetting Polymer, Thermoplastic Polymer, Metal Matrix, and Ceramic Matrix. Thermosetting polymers are noted for their durability and heat resistance, making them dominate in high-performance applications across industries like aerospace and automotive.Thermoplastic polymers offer the advantage of recyclability and are increasingly being utilized in applications requiring a balance of strength and lightweight considerations. Meanwhile, Metal Matrix composites are gaining traction due to their high strength-to-weight ratio and excellent thermal conductivity, suitable for demanding engineering applications. Lastly, Ceramic Matrix composites are valued for their ability to withstand extreme temperatures and corrosion, which is essential in aerospace and defense sectors. The diverse applications and the continuous innovations within these matrix types contribute significantly to the  Advanced Composites Market revenue by enhancing performance and sustainability, aligning with various industry growth drivers.


Advanced Composites Market Regional Insights  


The  Advanced Composites Market revenue is projected to showcase remarkable growth across various regions, with North America leading the charge. In 2024, North America is valued at 15.0 USD Billion, and by 2035, it is expected to reach 26.25 USD Billion, indicating its majority holding in the market. Europe follows closely with a valuation of 12.0 USD Billion in 2024, increasing to 21.0 USD Billion by 2035, which points to its significance in advancing composite technologies. The APAC region, valued at 9.0 USD Billion in 2024 and projected to be 16.5 USD Billion in 2035, reflects the growing industrialization and demand for lightweight materials in various applications.South America and the Middle East and Africa (MEA) show smaller market sizes at 3.5 USD Billion and 2.35 USD Billion, respectively, in 2024, with their projections reaching 5.25 USD Billion and 3.0 USD Billion by 2035, highlighting their emerging markets yet with lower saturation compared to the other regions. The increasing investments in Research and Development, along with government initiatives aimed at enhancing manufacturing capabilities, are poised to drive market growth across these regions, with each area contributing uniquely to the overall advancement of the  Advanced Composites Market industry.


Advanced Composites Market Regional Insights


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Advanced Composites Market Key Players and Competitive Insights


The  Advanced Composites Market is characterized by a dynamic competitive landscape driven by advancements in material science and an increasing demand for lightweight, high-performance materials across various industries. This market encompasses a wide range of innovative composite materials designed to enhance performance, reduce weight, and improve durability. With applications spanning aerospace, automotive, construction, and electronics, companies in this segment are focusing on developing next-generation composites that meet stringent safety and sustainability requirements. Strategic partnerships, investments in research and development, and mergers and acquisitions are common strategies employed by key players to enhance their market presence and capture emerging opportunities within the  landscape.Solvay, a prominent player in the  Advanced Composites Market, is noted for its strong emphasis on innovation and sustainability. The company's robust portfolio includes high-performance materials such as thermosetting resins and thermoplastic composites that cater to various applications, including aerospace and automotive. Solvay benefits from a well-established  presence, with manufacturing and research facilities strategically located to serve its diverse client base effectively. The comprehensive research capabilities of Solvay enable it to stay at the forefront of technological advancements, consistently delivering cutting-edge solutions to meet specific industry demands. Furthermore, Solvay's commitment to sustainability positions it well in the competitive landscape, allowing it to appeal to environmentally-conscious customers.Teijin Limited plays a significant role in the  Advanced Composites Market, distinguished by its innovative offerings and strong market presence. The company focuses on a wide array of advanced composite materials, including aramid fibers and resin systems, which are integral to high-performance applications in industries such as aerospace and automotive. Teijin Limited is recognized for its strategic initiatives including collaborations and mergers, which bolster its capacity for research and development, enhancing its competitive edge. The firm emphasizes sustainability and the circular economy in its product development strategy, aligning with  trends toward eco-friendly solutions. Teijin Limited's ability to deliver customized composite solutions tailored to market needs further solidifies its position in the  arena, catering to a growing demand for lightweight and strong materials across various sectors.


Key Companies in the Advanced Composites Market Include



  • Solvay

  • Teijin Limited

  • Hexion

  • SABIC

  • Mitsubishi Chemical

  • Hexcel Corporation

  • Lanxess

  • Toray Industries

  • Cytec Solvay Group

  • Momentive Performance Materials

  • I. du Pont de Nemours and Company

  • DSM

  • LG Chem

  • BASF

  • 3M


Advanced Composites Market Industry Developments


The  Advanced Composites Market has recently witnessed significant developments, particularly in terms of investments and partnerships. In August 2023, Solvay announced an expansion of its production of advanced composite materials to meet growing demand in the aerospace and automotive sectors. Teijin Limited has also made strides by developing new carbon fiber technology, aiming to enhance performance characteristics in automotive applications. In February 2023, Mitsubishi Chemical completed a strategic acquisition of a specialty resin company, strengthening its position in the market. Hexcel Corporation has reported a surge in demand for its advanced composite solutions, particularly in the commercial aerospace segment, leading to increased market valuation. Hexion and SABIC are focusing on sustainable solutions, with Hexion launching a new bio-based resin range in June 2023. Additionally, Lanxess is investing in new production facilities to support its advanced composites product line. Recent statistics indicate a robust growth trend in the market, driven by the increasing adoption of lightweight materials across various industries. The emphasis on innovation and sustainability continues to shape the  Advanced Composites Market landscape, influencing both established and emerging players.


Advanced Composites Market Segmentation Insights


Advanced Composites Market Application Outlook



  • Aerospace

  • Automotive

  • Construction

  • Electronics

  • Marine


Advanced Composites Market Type Outlook



  • Carbon Fiber Composites

  • Glass Fiber Composites

  • Aramid Fiber Composites

  • Natural Fiber Composites

  • Hybrid Composites


Advanced Composites Market Manufacturing Process Outlook



  • Layup

  • Filament Winding

  • Pultrusion

  • Resin Infusion

  • Out-of-Autoclave


Advanced Composites Market Matrix Type Outlook



  • Thermosetting Polymer

  • Thermoplastic Polymer

  • Metal Matrix

  • Ceramic Matrix


Advanced Composites Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa

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 Solvay, Teijin Limited, Hexion, SABIC, Mitsubishi Chemical, Hexcel Corporation, Lanxess, Toray Industries, Cytec Solvay Group, Momentive Performance Materials, E.I. du Pont de Nemours and Company, DSM, LG Chem, BASF, 3M
Segments Covered Application, Type, Manufacturing Process, Matrix Type, Regional
Key Market Opportunities Increased aerospace demand, Automotive lightweighting initiatives, Renewable energy applications growth, Advancements in manufacturing technologies, Emerging markets expansion
Key Market Dynamics Technological advancements, Increasing demand for lightweight materials, Growth in aerospace applications, Sustainability and eco-friendliness, Expanding automotive sector
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The projected market size of the Advanced Composites Market is expected to be valued at 41.85 billion USD by 2024.

The anticipated market size of the Advanced Composites Market is expected to reach 75.0 billion USD by 2035.

The Advanced Composites Market is expected to grow at a CAGR of 5.45% from 2025 to 2035.

North America is projected to have the largest market share, valued at 26.25 billion USD by 2035.

The market value for the Aerospace application is expected to reach 18.0 billion USD by 2035.

Key players in the Advanced Composites Market include Solvay, Teijin Limited, Hexion, SABIC, and Mitsubishi Chemical.

The market value for the Automotive application is anticipated to be 16.0 billion USD by 2035.

The expected market size for the European region is valued at 12.0 billion USD in 2024.

Challenges include regulatory hurdles, while opportunities stem from increasing demand across various applications like Aerospace and Automotive.

The market size for the Electronics application is projected to reach 13.0 billion USD by 2035.

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