Report Highlights

The global market for composites is expected to grow from $126.8 billion in 2024 and is projected to reach $183.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.6% during the forecast period of 2024 to 2029.

Report Includes

108 data tables and 87 additional tables

An overview of the global market for composites 

Analyses of global market trends, with market revenue data from 2023, estimates for 2024, and projected CAGRs through 2029

Estimate of the current market size and revenue prospects, along with a market share analysis by type (and subtype), application and region/country

Discussion of the market dynamics, technological advances, regulations, and the macroeconomic factors influencing the industry

A Porter’s Five Forces model, and global supply chain and SWOT analyses of the composites market

Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies

An update on recent patents

Analysis of the industry structure, including company market shares, strategic alliances, M&A activity and a venture funding outlook

Profiles of leading players, including Toray Industries Inc., Owens Corning, Hexcel Corp., SGL Carbon SE, and Mitsubishi Chemical Group Corp.

Report Scope

The scope of this report is extensive, as it covers a variety of composites that are used globally. The market for composites is analyzed by dividing it based on five major types and subtypes. BCC Research analyzed essential categories and regions to determine the present and future composites market status. The report also discusses market strategies, ESG development, emerging trends, regulatory landscape, key players, and market driving forces. The base year for the market study is 2023, and the estimates and forecasts are for 2024 through 2029. Market estimates are in U.S. dollars (millions). The report concentrates on composite products and technologies currently in commercial use; while promising, other products that are not likely to make out of the laboratory are not covered in scope. Moreover, the market size includes the revenue that composite-producing companies generate by incorporating industrial-scale technologies.

The global composites market is segmented into:

Reinforcement Materials – By Type: fibrous, nonfibrous; By Application: aerospace and defense, automotive, wind energy, construction, consumer goods, marine, plastics, energy, rubber, paint and coatings, electrical and electronics, ceramics, sporting goods, pipes and tanks, medical and healthcare, and others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World; By Fibrous Type of Reinforcement: glass fiber, ceramic fiber, aramid fiber, carbon fiber, boron fiber, epoxy/vinyl ester, and others (basalt fiber, quartz fibers, fiber hybrids; By Nonfibrous Type of Reinforcement: silicas, talcs, mica, wollastonite.

Resins – By Type: thermosets, thermoplastics; By Application: pipes and tanks, construction, marine, electrical and electronics, aerospace and defense, automotive, wind energy, and others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World.

Fillers – By Type: calcium carbonate, ATH (alumina trihydrate) and others {calcium sulphate, magnesium hydroxide and synthetic silicas); By Application: automotive, pipes and tanks, consumer goods, marine, construction, electrical and electronics, and others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World.

Nanocomposites – By Type: nanoclays, carbon nanotubes, nanofibers, metal oxides, graphene, and others (green polymer nanocomposites, hybrid nanocomposites, silicon dioxide nanoparticles); By Application: automotive, packaging, electrical and electronics, medical and healthcare, aerospace and defense, energy, paint and coatings, adhesives and sealants, sporting goods, textiles, construction, chemicals, filtration, photovoltaics, and others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World.

Natural Fibers – By Type: wood fiber, hemp, flax, others (kenaf, rice husk fiber, abaca fiber); By Application: construction, automotive, consumer goods, others; By Region: North America, Europe, Asia-Pacific, South America, and Rest of the World.