Advanced Composites Market By Fiber Type (Carbon Fiber Composites, Aramid Fiber Composites, Glass Fiber Composites, Others), By Matrix Type (Polymer Matrix Composites (PMC) {Thermoset Composites [Epoxy, Polyester, Vinyl Ester, Phenolic], Thermoplastic Composites [Polyetheretherketone (PEEK), Polyetherimide (PEI), Polyamide (PA)]}, Metal Matrix Composites (MMC), Ceramic Matrix Composites (CMC)), By Manufacturing Process (Lay-Up Process, Filament Winding, Injection Molding, Resin Transfer Molding (RTM), Compression Molding, Others), By Performance Type (High-Performance Composites, Intermediate-Performance Composites), By End-User (Aerospace & Defense, Transportation, Energy, Construction, Industrial, Consumer Goods, Healthcare, Others), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles And Market Forecast, 2025 – 2035

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Industry Outlook

The Advanced Composites market accounted for USD 42.35 Billion in 2024 and is expected to reach USD 114.58 Billion by 2035, growing at a CAGR of around 9.47% between 2025 and 2035. The advanced composites market refers to the industry dealing with the manufacture of composites from fibers (like carbon or aramid) and matrix materials (like epoxy resin). These composites have tremendous durability, resistance to corrosion and fatigue, and a high strength-to-weight ratio. Their applications span across various sectors, including construction, sporting goods, wind energy, automotive, and aerospace. The demand for lightweight and fuel-efficient materials is thereby driving the growth of this market. Add to this the developments and greater applications in newly developing industries.

Report Scope:

Market Dynamics

Increased demand for lightweight, high-strength materials in industries.

The increasing trends in lightweight, high-strength materials for different industries, including aerospace, automotive, and wind energy, form a key driver behind the advanced composites market. These materials have superior strength-to-weight ratios, excellent corrosion resistance, and flexibility in design that brings about improvements in terms of improved fuel efficiency and performance. For example, in the automotive sector, a vehicle could enhance fuel economy by 6-8% with its overall weight reduced by 10%, as per the U.S. Department of Energy. Notable events that favor composites over traditional materials like steel and aluminum include the advancement of sustainable solutions and stricter environmental restrictions.

Aerospace firms have started integrating carbon fiber composites into airplanes to meet performance requirements while reducing emissions. These kinds of growing applications, which include athletic goods and wind turbine blades, further accelerate market growth. Innovation and commercialization in this field of research are fueled by government-backed R&D investments and partnerships with academic institutions. Further, as a nation's economy expands, urbanization occurs, which drives the usage of sophisticated composites in building construction. Efficiency, performance, and sustainability are becoming increasingly important to companies, which indicates that there will always be a need for advanced composites.

Environmental concerns pushing demand for sustainable, eco-friendly composites.

Economy, environment, and technology factors have all contributed toward the growth of the advanced composites market. Increasing environmental concern and regulations would bring the world toward lightweight, sustainable, and energy-efficient materials consumption. The growing thirst for fuel efficiency among the automotive and aerospace sectors has increased the adoption based on their high strength-to-weight ratio. Moreover, composites have a high dependence value among renewable energy sources, where wind energy remains a dependable resource for blade designs. Given that composites are renowned for their longevity and resistance to corrosion, rapid urbanization and infrastructure development would be significant factors.

The market is growing as a consequence of continuous innovations in materials and manufacturing methods that are improving performance and reducing production costs. As the number of electric vehicles increases, lightweight materials are important since they are expected to improve performance and range. The circular economy movement is one factor contributing to the increased interest in recyclable and eco-friendly composite solutions.

Limited recycling options for advanced composite materials.

One significant commercial barrier is the limited potential for recycling advanced composites. The recycling of CFRP advanced composites is particularly challenging because these materials are lightweight, have a high durability, and require complex recycling processes. The primary recycling techniques for these materials are currently being developed because the majority of them are quite inefficient and demand high energy and cost. Limiting the recycling options exacerbates the sustainability problem and further erodes the public's acceptance of composites.

Stricter sustainability regulations have a significant detrimental effect on the construction, automotive, and aerospace sectors as a whole. Rather, the disparity in waste management and recycling procedures has resulted in numerous obstacles that restrict the expansion of various sectors. The timeline for the rapid advancements in recycling technology would then almost instantly offer a framework for workable and sustainable industrial sector solutions. Because disposal expenses become unaffordable, manufacturers may decide not to use sophisticated composites if recycling techniques prove ineffective. These obstacles will only limit the commercial expansion of such materials until suitable solutions are created to meet the financial and environmental concerns.

Development of new composite materials with improved performance characteristics.

New composite materials with enhanced performance characteristics are creating significant opportunities in the advanced composites market. Advanced composites are now becoming vital as industries demand higher strength-to-weight ratios, durability, and cost efficiency in the fields of aerospace, automotive, construction, and renewable energy. Performance, energy efficiency, and sustainability are prioritized by advancements in materials, including thermoplastics, graphene, and carbon fiber. These enhancements give the product a competitive edge in terms of reducing fuel usage, improving structural integrity, and extending its lifespan.

The advancement of production processing techniques, such as automation and additive manufacturing, is facilitating the process and increasing the commercial availability and affordability of these composites. As environmental concerns increase, bio- and waste-based composites and recycling technologies are gaining popularity. The demand for lightweight, high-performance materials for the drone, electric vehicle, and renewable energy industries is ushering in a new era of highly efficient, eco-friendly solutions.

Another fascinating field that is developing smart materials technology by opening up new possibilities for real-time monitoring and predictive maintenance is the creation of smart composites with integrated sensors. Because of these developments, the market for advanced composites is anticipated to grow exponentially across a number of industries.

Rising investments in renewable energy applications for advanced composites.

The advanced composites market has tremendous growth opportunities due to an increase in investments in renewable energy applications. Advanced composites are ideally suited for wind turbines, solar panels, and energy storage systems because of the increasing demand for lightweight, strong, and efficient materials as companies adopt sustainable energy solutions. Such composites improve performance and lifespan while reducing weight and energy consumption. Their attractiveness for renewable energy infrastructure is only increased by their resilience to harsh environmental conditions. Because governments are paying more attention to green energy legislation that stimulates investment, advanced composites are in high demand in the clean energy project sector. These advanced composites promise long-term growth and are well-positioned to contribute significantly to the expansion of next-generation renewable energy systems because of composite technology advancements.

The growing focus on reducing carbon footprints further promotes the usage of these composites for more efficient energy-generating and storing systems. As the demand for sustainable energy continues to grow, advanced composites are poised to be the main forces behind this shift.

Industry Experts Opinion

"The ATI investment in the Compass project will provide the UK aerospace industry with a path to proving new and advanced composite technologies, help develop world-first manufacturing capabilities and create an open-access facility for the broader benefit of aerospace and other industries."

• Gary Elliott, Chief Executive Officer of the Aerospace Technology Institute (ATI)

"The adoption of advanced composites in automotive applications is crucial for reducing vehicle weight and improving fuel efficiency, aligning with global sustainability goals."

• Laura Chen, Director of Automotive Materials at GreenDrive Corp.

Segment Analysis

Based on the Fiber Type, the Advanced Composites market is classified into Carbon Fiber Composites, Aramid Fiber Composites, Glass Fiber Composites, and Others. The advanced composites market contains carbon fiber composites as its most substantial and leading segment. The combination of strong performance indicators, including top strength-to-weight ratio and high stiffness, along with corrosion resistance, makes carbon fiber composites highly suitable for the aerospace and automotive sectors and sports equipment industries. The properties of carbon fiber composites excel, especially in weight-reduction applications requiring high-performance durability. EV adoption, together with renewable energy sectors, has strengthened their position in the market. The advanced composites industry operates on sustained demand because carbon fiber composites push continuous innovation.

Based on the Matrix Type, the Advanced Composites market is classified into Polymer Matrix Composites (PMC), Metal Matrix Composites (MMC), and Ceramic Matrix Composites (CMC). In the advanced composites market, polymer matrix composites are the primary and most prominent group. The market appreciates PMC materials because of their versatility, ease of low-cost manufacturing, and wide range of applications across the construction, automotive, and aerospace sectors. Carbon, glass, or aramid fiber reinforcement gives PMCs their superior mechanical qualities, high durability, and low weight. Because sectors like automotive and aerospace need lightweight, high-strength materials, particularly for electric vehicles at the moment, PMCs are important in the market.

Regional Analysis

The North American advanced composites market is leading due to growing sectoral needs in aerospace, together with automotive and construction. The aerospace industry gets key benefits through North America's technological innovation because high-strength composites with lightweight designs improve the sector's fuel performance capabilities. Manufacturers in the automotive sector now use composites because of stricter emission standards to achieve lower vehicle weight and better fuel efficiency.

The increase of renewable energy through wind turbines creates a growing market demand for advanced composites. Due to continuous research and development in materials science along with its robust manufacturing sector, North America leads the global advanced composite market. The market grows because of collaborative efforts between the United States and Canada while these nations maintain their positions as essential players in this field. The market expands through the adoption of eco-friendly composites, which results from growing sustainability concerns.

The Asia-Pacific advanced composites market in the area experiences rapid growth because of three main factors, which include industrial development and technological innovation alongside heightened requirements for lightweight, high-strength materials. The aerospace, automotive, and construction industries receive substantial financial support from China, Japan, and India, among other countries that make up the Asia-Pacific market. The area shows two major advantages of its strong manufacturing sector along with its increased emphasis on sustainability, which drives the adoption of environmentally friendly composites.

Automotive manufacturers are demanding composite materials at a high rate because these materials help achieve better fuel economy together with lower vehicle weight. The region currently experiences growing research and development efforts dedicated to bettering advanced composite properties, which will expand their applications in renewable energy and marine industries. Regional players in the composite materials industry will strengthen their leadership through partnership activities with multinational companies to expand production capabilities and innovation development.

Competitive Landscape

The advanced composites market is highly competitive, with major companies leading it, such as Toray Industries, Hexcel Corporation, Solvay S.A., Teijin Limited, and SGL Carbon SE. All these companies are directing efforts toward the expansion of their production capacity and straight tie-ups with other major production companies for the increasing demand from aerospace, automotive, and energy sectors. For instance, the product enhancement capacity of specific Hexcel manufacturing facilities was closed down recently in Morocco: a different industry practice in the application of lightweight materials in aviation.

Toray is investing in carbon fiber facilities in South Korea and the United States in an effort to increase production worldwide. Solvay still looks up to a very successful, high-performance, and sustainable solution for composites with lucid alignment toward green technology trends in the industry. The competition is really becoming serious as companies rush to innovate, claiming long-term contracts with OEMs, especially in the fields of aerospace and electric vehicles. Several regional-local emerging players within Asia Pacific at the same time garner government support with growing industrial infrastructure. Mergers, acquisitions, and R&D investment are the continuing strategies to obtain an edge in this ever-evolving market.

Advanced Composites Market, Company Shares Analysis, 2024

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Recent Developments:

• In February 2025, Advanced Composites Inc. (ACI) announced its relocation to a new facility at 3030 West Directors Row, Salt Lake City, Utah. The move aimed to enhance ACI's manufacturing capabilities and improve service to its clients in the composites industry.
• In November 2024, Toray Advanced Composites announced the expansion of its continuous fiber reinforced thermoplastic composite product portfolio. The company opened a new 47,000 sq. ft. production facility in Englewood, Colorado. This expansion increased its development, testing, and production capacities. The move aimed to meet growing demand in sectors like sporting goods, oil and gas, and industrial markets.

Report Coverage:

By Fiber Type

• Carbon Fiber Composites
• Aramid Fiber Composites
• Glass Fiber Composites
• Others

By Matrix Type

• Polymer Matrix Composites (PMC)
  • Thermoset Composites
    • Epoxy
    • Polyester
    • Vinyl Ester
    • Phenolic
  • Thermoplastic Composites
    • Polyetheretherketone (PEEK)
    • Polyetherimide (PEI)
    • Polyamide (PA)
• Metal Matrix Composites (MMC)
• Ceramic Matrix Composites (CMC)

By Manufacturing Process

• Lay-up process
• Filament Winding
• Injection Molding
• Resin Transfer Molding (RTM)
• Compression Molding
• Others

By Performance Type

• High-Performance Composites
• Intermediate-Performance Composites

By End-User

• Aerospace & Defense
• Transportation
• Energy
• Construction
• Industrial
• Consumer Goods
• Healthcare
• Others

By Region

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Singapore
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC Countries
• South Africa
• Rest of Middle East & Africa

List of Companies:

• Hexcel Corporation
• Toray Industries, Inc.
• SGL Carbon SE
• Mitsubishi Chemical Corporation
• Teijin Limited
• Cytec Solvay Group
• Arnold Engineering Development Complex
• Carbon Composites, Inc.
• BASF SE
• Owosso Motorcar Company
• Saertex GmbH & Co. KG
• Evonik Industries AG
• Formosa Plastics Corporation
• Henkel AG & Co. KGaA
• Solvay S.A.

Frequently Asked Questions (FAQs)