The Advanced Composites Market is gaining significant traction across various high-performance sectors, owing to its superior properties such as high strength-to-weight ratio, corrosion resistance, and thermal stability. According to the latest research by Kings Research, the global advanced composites market is projected to experience robust growth between 2025 and 2032, propelled by the increasing demand from aerospace, automotive, defense, and energy industries.
The global advanced composites market size was valued at USD 36.09 billion in 2024 and is projected to grow from USD 38.76 billion in 2025 to USD 68.80 billion by 2032, exhibiting a CAGR of 8.54% during the forecast period.
Market Overview
Advanced composites, also known as high-performance composites, are materials composed of strong fibers embedded in a resin matrix. These materials are primarily categorized into carbon fiber composites, aramid fiber composites, and glass fiber composites. Their applications range across industries including aerospace, wind energy, sports equipment, transportation, and construction. The evolution of advanced manufacturing techniques, the growing preference for lightweight materials to enhance fuel efficiency, and stringent environmental regulations are collectively fueling the demand for these materials.
The global market size for advanced composites was valued at USD XX billion in 2024 and is expected to reach USD XX billion by 2032, growing at a compound annual growth rate (CAGR) of XX% during the forecast period. The increasing shift toward sustainable, lightweight alternatives to metals and the expansion of electric vehicle (EV) production are acting as major catalysts for this market.
Market Trends
One of the prevailing trends shaping the advanced composites market is the increasing integration of carbon fiber reinforced composites (CFRCs) in the aerospace and defense sectors. With aircraft manufacturers such as Boeing and Airbus prioritizing fuel efficiency and structural performance, advanced composites are now extensively used in aircraft frames, wings, and interiors.
Another prominent trend is the growing deployment of glass fiber composites in wind turbine blades. As the renewable energy sector surges forward, especially in offshore wind energy projects, the need for durable, lightweight, and resilient materials has led to substantial investments in advanced composites.
Additionally, thermoplastic composites are gaining popularity due to their recyclability and faster processing times compared to thermoset composites. Innovations in resin transfer molding (RTM), automated fiber placement (AFP), and 3D printing technologies are further enhancing the production capabilities of composite manufacturers, enabling mass production and design flexibility.
Market Demand
The demand for advanced composites is on the rise due to increasing applications in structural components, especially in automotive and aerospace industries. The ability of these composites to significantly reduce the weight of vehicles and aircraft leads to improved fuel efficiency and reduced emissions. As the transportation sector faces strict environmental regulations worldwide, automakers are under pressure to adopt materials that align with sustainability goals, which has directly fueled the demand for lightweight, high-strength composites.
Furthermore, the global expansion of the wind energy market has augmented the need for large, robust, and lightweight rotor blades made from glass and carbon fiber composites. This has opened new opportunities in the energy segment, especially in countries such as China, the United States, and Germany, where wind power investments are accelerating.
The sports and leisure segment also contributes to the rising demand. Bicycles, tennis rackets, golf clubs, and even helmets made from advanced composites are gaining popularity due to their high durability and ergonomic benefits. The increasing disposable incomes and growing interest in outdoor activities are supporting this trend.
Market Dynamics
Drivers:
Lightweight and high-performance material demand: One of the key drivers of the advanced composites market is the increasing need for materials that combine lightweight with high strength. These materials enhance performance while lowering energy consumption, especially in transport and aerospace sectors.
Rising environmental concerns and emission regulations: Government mandates around the world are pushing for reduced carbon footprints and more sustainable practices, driving the transition toward composites over metals.
Growth in renewable energy installations: Advanced composites are increasingly being used in turbine blades and other structural parts within wind and solar energy systems, which is contributing to rising demand globally.
Restraints:
High manufacturing and material costs: The cost of raw materials and the complexity of the manufacturing process are significant barriers to widespread adoption. Thermoset composites, in particular, have longer curing cycles that increase production time.
Recycling challenges: Unlike metals, composites are not as easy to recycle. This environmental concern limits the market, especially as governments push for circular economy practices.
Opportunities:
Electric vehicle (EV) revolution: The surge in EV adoption has presented lucrative growth opportunities for composite manufacturers as OEMs seek to reduce vehicle weight and improve energy efficiency.
Innovation in bio-based and recyclable composites: Companies investing in green materials are likely to gain competitive advantages and cater to growing sustainability demands.
Challenges:
Limited technical workforce and expertise: The production and handling of composites require specialized skills, and the lack of a skilled workforce in certain regions may hamper market growth.
Supply chain bottlenecks: Issues related to raw material availability, particularly carbon fibers and specialty resins, can pose challenges to scaling operations.
Market Future Outlook
As industries continue to emphasize efficiency, durability, and sustainability, the advanced composites market is poised for substantial growth. The forecast period from 2025 to 2032 will likely witness advancements in manufacturing technologies such as automated production lines, additive manufacturing, and AI-based quality control systems, making composite production faster and more cost-effective.
Emerging economies, particularly in Asia-Pacific and Latin America, are expected to play a significant role in market expansion. Infrastructure modernization, growth in domestic aviation, rising wind energy capacities, and electric mobility are key contributors to this trend.
Additionally, as the regulatory environment becomes more favorable for lightweight and low-emission solutions, more sectors—including construction, marine, and rail—are anticipated to adopt advanced composites in structural and design applications.
Market Key Players
The global advanced composites market is moderately fragmented, with both established players and new entrants actively competing based on innovation, product quality, and pricing strategies. Major companies are focusing on mergers, acquisitions, and collaborations to strengthen their global footprint and technological capabilities.
Key players include:
Toray Industries, Inc.
Hexcel Corporation
SGL Carbon
Teijin Limited
Solvay S.A.
Mitsubishi Chemical Group Corporation
Huntsman Corporation
Gurit Holding AG
Owens Corning
DuPont de Nemours, Inc.
These companies are heavily investing in R&D to develop new product formulations, expand production capacity, and integrate automation into composite manufacturing.
Market Segmentation
By Fiber Type:
Carbon Fiber Composites
Glass Fiber Composites
Aramid Fiber Composites
Others
By Resin Type:
Thermoset Composites
Epoxy
Polyester
Vinyl Ester
Thermoplastic Composites
Polyether ether ketone (PEEK)
Polyamide
Polypropylene
By Manufacturing Process:
Lay-up
Filament Winding
Injection Molding
Pultrusion
Resin Transfer Molding (RTM)
Compression Molding
By Application:
Aerospace & Defense
Automotive & Transportation
Wind Energy
Construction
Electrical & Electronics
Marine
Consumer Goods
Others
Recent Developments
Toray Industries announced the development of a new carbon fiber prepreg system that drastically reduces processing time for aerospace applications.
Hexcel Corporation launched a next-generation composite material for EV battery enclosures that is lightweight and fire-resistant.
Solvay introduced sustainable composite solutions derived from bio-sourced resins, targeting automotive and electronics sectors.
Teijin expanded its production facilities in Asia to meet growing demand in wind and transportation industries.
SGL Carbon signed strategic partnerships with global wind turbine manufacturers to supply carbon fiber-based structural components.
Regional Analysis
North America:
The North American region, led by the United States, holds a substantial share of the global market due to its established aerospace and defense industry, high R&D investments, and presence of key composite manufacturers. The rapid growth in EV adoption and renewable energy installations is expected to further accelerate demand.
Europe:
Europe is another prominent market, driven by stringent emission regulations, innovation in automotive lightweighting, and a strong focus on sustainability. Germany, France, and the UK are leading adopters of advanced composites in automotive and industrial applications.
Asia-Pacific:
The Asia-Pacific region is poised to witness the fastest growth during the forecast period, primarily due to booming infrastructure projects, expanding aerospace manufacturing hubs, and increasing investments in wind energy. China, Japan, South Korea, and India are key contributors to this regional growth.
Latin America and Middle East & Africa (MEA):
These regions are gradually expanding their market presence, with Brazil and the UAE showing promising demand in construction and defense sectors. The expansion of industrial zones and infrastructure initiatives are creating new opportunities for composite manufacturers.
Conclusion
The Advanced Composites Market is entering a phase of dynamic transformation, characterized by rising cross-industry adoption, technological innovation, and a push toward sustainable materials. From aerospace to energy, the penetration of advanced composites is redefining material performance and product efficiency. With leading market players embracing new technologies and governments encouraging green initiatives, the period from 2025 to 2032 promises expansive growth for the advanced composites industry globally. Kings Research anticipates that strategic partnerships, regional expansion, and continued R&D investments will be pivotal to gaining a competitive edge in this evolving marketplace.
Get Full Detalled PDF Report- https://www.kingsresearch.com/advanced-composites-market-2196
