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US Composites Market

ID: MRFR/CnM/15953-HCR
100 Pages
Garvit Vyas
October 2025

US Composites Market

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US Composites Market Infographic
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US Composites Market Summary

As per analysis, the US composites market is projected to grow from USD 24.04 Billion in 2024 to USD 26.11 Billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.63% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US composites market is poised for growth driven by sustainability and technological advancements.

  • The aerospace segment remains the largest contributor to the US composites market, reflecting a robust demand for lightweight materials.
  • The automotive sector is currently the fastest-growing segment, propelled by innovations in manufacturing processes and design.
  • Consumer goods represent a significant portion of the market, while medical devices are emerging as a rapidly expanding area.
  • Key market drivers include the growing demand in the aerospace sector and increased focus on renewable energy initiatives.

Market Size & Forecast

2024 Market Size 24.04 (USD Billion)
2035 Market Size 59.75 (USD Billion)
CAGR (2025 - 2035) 8.63%

Major Players

Hexcel Corporation (US), Toray Industries, Inc. (US), Teijin Limited (US), Mitsubishi Chemical Corporation (US), SABIC (US), Solvay S.A. (US), 3M Company (US), BASF SE (US), Owens Corning (US), DuPont de Nemours, Inc. (US)

US Composites Market Trends

The US composites market is currently experiencing a dynamic evolution, driven by advancements in technology and increasing demand across various sectors. Industries such as aerospace, automotive, and construction are increasingly adopting composite materials due to their lightweight properties and superior strength. This shift is indicative of a broader trend towards sustainability, as manufacturers seek to reduce emissions and enhance fuel efficiency. Furthermore, the integration of innovative manufacturing techniques, such as additive manufacturing and automated processes, is likely to enhance production efficiency and reduce costs, thereby making composites more accessible to a wider range of applications. In addition to technological advancements, regulatory frameworks in the US are evolving to support the growth of the composites sector. Initiatives aimed at promoting the use of sustainable materials and reducing environmental impact are becoming more prevalent. This regulatory environment appears to encourage investment in research and development, fostering innovation within the industry. As the US composites market continues to mature, it is poised to play a crucial role in the transition towards more sustainable manufacturing practices, potentially reshaping the landscape of various industries in the coming years.

Sustainability Initiatives

The US composites market is increasingly influenced by sustainability initiatives. Manufacturers are focusing on developing eco-friendly composite materials that minimize environmental impact. This trend aligns with regulatory pressures and consumer demand for greener products, prompting companies to innovate in material sourcing and production processes.

Technological Advancements

Technological advancements are reshaping the US composites market. Innovations in manufacturing techniques, such as automated processes and advanced resin systems, are enhancing product performance and reducing production costs. These developments are likely to expand the applicability of composites across diverse sectors.

Market Diversification

Market diversification is a notable trend within the US composites market. Industries beyond traditional sectors, such as healthcare and sports equipment, are increasingly utilizing composite materials. This expansion suggests a growing recognition of the benefits of composites, potentially leading to new applications and market opportunities.

Market Segment Insights

By Application: Aerospace (Largest) vs. Automotive (Fastest-Growing)

In the US composites market, the application segment is diversified into several important areas, including aerospace, automotive, construction, marine, and electrical. Among these, aerospace holds the largest market share due to its demand for lightweight, high-strength materials that enhance fuel efficiency and overall performance of aircraft. The automotive sector follows closely, driven by increasing vehicle production and a shift toward fuel-efficient composites that reduce overall weight while maintaining safety and performance standards. Growth trends within this segment indicate that while aerospace remains dominant, automotive is emerging as the fastest-growing application. Increasing adoption of electric vehicles (EVs) and advancements in composite technology are acting as primary growth drivers. Additionally, construction is witnessing a gradual increase, leveraging composites for sustainable building practices, while marine and electrical applications are expected to grow steadily, further diversifying the market landscape.

Aerospace: Dominant vs. Automotive: Emerging

The aerospace sector is characterized by its strict regulations and high-performance demands, making it the dominant force in the US composites market. Aerospace composites are essential for reducing aircraft weight and improving fuel efficiency, leading to extensive R&D investments in this area. In contrast, the automotive sector is rapidly emerging due to advancements in composite materials which enhance vehicle performance and sustainability. As electric vehicle production escalates, automotive composites are becoming increasingly integral, promoting lighter structures and energy efficiency. Both segments are vital, but their focuses differ significantly; aerospace prioritizes compliance and safety, while automotive leans towards innovation and environmental benefits.

By End Use: Consumer Goods (Largest) vs. Medical Devices (Fastest-Growing)

In the US composites market, the end use segment shows a diverse distribution with Consumer Goods taking the lead. This category encompasses a wide array of products, making it a significant contributor to the overall market. Following closely are Industrial Equipment and Transportation, which also play vital roles in sustaining the demand for composites. The growth in these areas is buoyed by technological advancements and the increasing emphasis on lightweight materials for better performance. On the other hand, Medical Devices are emerging as the fastest-growing segment within the composites landscape. Fueled by innovations in healthcare technology and an aging population requiring advanced medical solutions, this segment is expected to see remarkable growth. Similarly, Sports Equipment is benefiting from the trend towards enhanced performance and durability, driving further interest in composite materials across various sporting goods.

Consumer Goods (Dominant) vs. Transportation (Emerging)

In the realm of US composites, Consumer Goods stands out as the dominant segment due to its extensive application in everyday products ranging from electronics to home goods. This segment takes advantage of the lightweight and durable properties of composites, catering to consumer demand for high-quality and long-lasting items. Meanwhile, the Transportation sector is emerging as a vital area for growth as manufacturers seek innovative materials to improve fuel efficiency and reduce overall weight in vehicles. Composites offer significant benefits, including enhanced strength-to-weight ratios and resistance to environmental factors, making them increasingly popular in automotive and aerospace applications.

By Material Type: Carbon Fiber (Largest) vs. Glass Fiber (Fastest-Growing)

In the US composites market, the material type segment is dominated by Carbon Fiber, which holds the largest market share due to its high strength-to-weight ratio, making it ideal for aerospace and automotive applications. Glass Fiber, while historically significant, is experiencing rapid growth as demand increases for cost-effective and versatile solutions in construction and consumer goods. This competitive landscape highlights the diversity and application-specific preferences among material types.

Carbon Fiber (Dominant) vs. Natural Fiber (Emerging)

Carbon Fiber remains the dominant choice in the US composites market, celebrated for its extraordinary strength and lightweight characteristics. This makes it particularly valuable in high-performance sectors like aerospace and automotive. Conversely, Natural Fiber is emerging as a notable contender, driven by the push for sustainable materials and eco-friendly production practices. Natural Fiber composites are appealing to industries looking to reduce carbon footprints and engage with environmentally conscious consumers. While Carbon Fiber offers superior performance, Natural Fiber is gaining traction for lower-cost applications, presenting a dynamic shift in material selection.

By Manufacturing Process: Layup (Largest) vs. Pultrusion (Fastest-Growing)

In the US composites market, the manufacturing processes of Layup, Pultrusion, Resin Transfer Molding, Filament Winding, and Injection Molding showcase distinct characteristics and market shares. Layup remains the largest segment, widely utilized across various industries due to its simplicity and cost-effectiveness. Pultrusion, although smaller in market share, is gaining traction as a preferred method for producing complex shapes with consistent quality, positioning it as the fastest-growing segment in the market.

Layup (Dominant) vs. Pultrusion (Emerging)

Layup manufacturing is renowned for its ease of use and flexibility, making it the dominant process for producing composite parts, especially in aerospace and automotive applications. The technique allows for high customization and can incorporate different materials effectively. Conversely, Pultrusion stands out as an emerging process due to its efficiency in fabricating continuous lengths of reinforced composites. As industries increasingly prioritize lightweight and durable materials, Pultrusion is becoming a popular choice, thanks to its capability to create uniform cross-sectional profiles with exceptional mechanical properties.

By Reinforcement Type: Continuous Fiber (Largest) vs. Nanocomposites (Fastest-Growing)

In the US composites market, Continuous Fiber holds a significant share, making it the largest segment within the Reinforcement Type category. This segment is favored for its high strength-to-weight ratio and excellent durability, appealing to various industries such as aerospace, automotive, and construction. Discontinuous Fiber and Textile Reinforcements also contribute to the market, while Hybrid Fiber and Nanocomposites are emerging players, capturing the attention of innovators seeking advanced composite solutions. As the market evolves, Nanocomposites are recognized as the fastest-growing segment, driven by demand for lightweight materials with enhanced performance properties. Continuous Fiber remains dominant due to its well-established applications, but the increasing emphasis on sustainability and multifunctionality positions Nanocomposites as a compelling choice for future developments. This dynamic evolution reflects broader trends in material science, where innovation continues to redefine possibilities in composite engineering.

Continuous Fiber (Dominant) vs. Nanocomposites (Emerging)

Continuous Fiber is the dominant force within the US composites market, prized for its remarkable strength, stability, and versatility across industries such as aeronautics and automotive manufacturing. It offers outstanding performance characteristics, making it the go-to choice for demanding applications. In contrast, Nanocomposites represent an emerging segment, capturing significant interest due to their unique properties that include lightweight structure and improved mechanical performance. Nanocomposites integrate nanoparticles into the matrix, leading to enhanced durability and thermal resistance, making them suitable for advanced applications in electronics and renewable energy. As R&D efforts continue, both Continuous Fiber and Nanocomposites are expected to play integral roles in the future trajectory of the composites market.

Get more detailed insights about US Composites Market

Key Players and Competitive Insights

The composites market is currently characterized by a dynamic competitive landscape, driven by innovation, sustainability, and technological advancements. Key players such as Hexcel Corporation (US), Toray Industries, Inc. (US), and Owens Corning (US) are actively shaping the market through strategic initiatives. Hexcel Corporation (US) focuses on enhancing its product portfolio with advanced materials, while Toray Industries, Inc. (US) emphasizes sustainability in its manufacturing processes. Owens Corning (US) is leveraging digital transformation to optimize its operations, thereby enhancing its competitive positioning. Collectively, these strategies contribute to a robust competitive environment, fostering growth and innovation within the sector.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and enhance supply chain efficiency. The market structure appears moderately fragmented, with several key players exerting influence over various segments. This fragmentation allows for niche players to thrive, while larger corporations capitalize on economies of scale and technological advancements. The collective influence of these key players shapes the competitive dynamics, as they vie for market share through differentiated offerings and strategic partnerships.

In November 2025, Hexcel Corporation (US) announced a partnership with a leading aerospace manufacturer to develop next-generation composite materials aimed at reducing weight and improving fuel efficiency in aircraft. This strategic move underscores Hexcel's commitment to innovation and positions it favorably within the aerospace sector, where demand for lightweight materials is surging. The collaboration is expected to enhance Hexcel's market presence and drive revenue growth in the coming years.

In October 2025, Toray Industries, Inc. (US) unveiled a new line of eco-friendly composite materials designed for automotive applications. This initiative aligns with the growing trend towards sustainability in the automotive industry, as manufacturers seek to reduce their carbon footprint. By introducing these materials, Toray not only addresses environmental concerns but also strengthens its competitive edge in a market increasingly focused on sustainable solutions.

In September 2025, Owens Corning (US) launched a digital platform aimed at streamlining its supply chain operations. This platform utilizes advanced analytics and AI to optimize inventory management and enhance customer service. The strategic importance of this initiative lies in its potential to improve operational efficiency and responsiveness, thereby positioning Owens Corning as a leader in digital transformation within the composites market.

As of December 2025, current competitive trends indicate a strong emphasis on digitalization, sustainability, and AI integration. Strategic alliances are increasingly shaping the landscape, as companies collaborate to leverage complementary strengths and enhance innovation. Looking ahead, competitive differentiation is likely to evolve, with a shift from price-based competition to a focus on innovation, technology, and supply chain reliability. This transition suggests that companies that prioritize these aspects will be better positioned to thrive in the evolving composites market.

Future Outlook

US Composites Market Future Outlook

The US composites market is projected to grow at an 8.63% CAGR from 2024 to 2035, driven by advancements in manufacturing technologies, increasing demand in aerospace, and automotive sectors.

New opportunities lie in:

  • Development of bio-based composite materials for sustainable applications.
  • Expansion of composite recycling technologies to reduce waste.
  • Integration of smart composites with IoT for enhanced performance monitoring.

By 2035, the US composites market is expected to achieve substantial growth, driven by innovation and sustainability.

Market Segmentation

US Composites Market End Use Outlook

  • Consumer Goods
  • Industrial Equipment
  • Medical Devices
  • Sports Equipment
  • Transportation

US Composites Market Application Outlook

  • Aerospace
  • Automotive
  • Construction
  • Marine
  • Electrical

US Composites Market Material Type Outlook

  • Carbon Fiber
  • Glass Fiber
  • Aramid Fiber
  • Natural Fiber
  • Thermoplastic

US Composites Market Reinforcement Type Outlook

  • Continuous Fiber
  • Discontinuous Fiber
  • Hybrid Fiber
  • Nanocomposites
  • Textile Reinforcements

US Composites Market Manufacturing Process Outlook

  • Layup
  • Pultrusion
  • Resin Transfer Molding
  • Filament Winding
  • Injection Molding

Report Scope

MARKET SIZE 202424.04(USD Billion)
MARKET SIZE 202526.11(USD Billion)
MARKET SIZE 203559.75(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)8.63% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledHexcel Corporation (US), Toray Industries, Inc. (US), Teijin Limited (US), Mitsubishi Chemical Corporation (US), SABIC (US), Solvay S.A. (US), 3M Company (US), BASF SE (US), Owens Corning (US), DuPont de Nemours, Inc. (US)
Segments CoveredApplication, End Use, Material Type, Manufacturing Process, Reinforcement Type
Key Market OpportunitiesGrowing demand for lightweight materials in automotive and aerospace sectors drives US composites market expansion.
Key Market DynamicsGrowing demand for lightweight materials in automotive and aerospace sectors drives innovation in the US composites market.
Countries CoveredUS

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FAQs

What is the projected market size of the US Composites Market for the year 2024?

The US Composites Market is expected to be valued at 20.5 USD Billion in the year 2024.

How much is the US Composites Market expected to grow by 2035?

By 2035, the market is projected to reach a value of 52.5 USD Billion.

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

The market is anticipated to grow at a CAGR of 8.925% from 2025 to 2035.

What are the market values for glass fiber and carbon fiber segments in 2024?

In 2024, the glass fiber segment is valued at 8.5 USD Billion and the carbon fiber segment at 7.0 USD Billion.

What will the market values for glass fiber and carbon fiber be by 2035?

By 2035, the glass fiber segment is expected to reach 21.5 USD Billion and the carbon fiber segment is projected to be valued at 17.0 USD Billion.

Who are the key players in the US Composites Market?

Major players in the market include BASF, Owens Corning, DuPont, and Mitsubishi Rayon among others.

What is the market value of the 'Others' segment in 2024?

The 'Others' segment of the US Composites Market is valued at 5.0 USD Billion in 2024.

What is the projected value of the 'Others' segment by 2035?

The 'Others' segment is expected to grow to 14.0 USD Billion by 2035.

What impact do emerging trends have on the US Composites Market?

Emerging trends present significant opportunities for growth and innovation across various applications within the market.

How is the US Composites Market expected to be affected by the current global scenario?

The current global scenario may present challenges and opportunities that could influence market dynamics and growth trajectory.

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