Global Composite Materials Market 2025-2029

Composite Materials Market 2025-2029

The composite materials market is forecasted to grow by USD 37237.4 mn during 2024-2029, accelerating at a CAGR of 11.3% during the forecast period. The report on the composite materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for composite materials in transportation industry, increasing number of opportunities for textile glass fibers and glass fibers in electronics sector, and increasing demand for composite fibers in construction.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's composite materials market is segmented as below:

By Type

• Glass fiber
• Carbon fiber
• Aramid Fiber
• Others

By End-user

• Electricals and electronics
• Construction
• Aerospace and defense
• Others

By Material

• Polymer Matrix Composites
• Ceramic and carbon matrix composites
• Metal matrix composites

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the strategic collaboration, partnerships, and mergers and acquisitions as one of the prime reasons driving the composite materials market growth during the next few years. Also, increasing use of boron for producing glass fibers and increasing demand for 3d-carbon fibers from aerospace and defense industry will lead to sizable demand in the market.

The report on the composite materials market covers the following areas:

• Composite Materials Market sizing
• Composite Materials Market forecast
• Composite Materials Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading composite materials market vendors that include 3M Co., Cabot Corp., China Jushi Co. Ltd., Compagnie de Saint Gobain SA, COMPOSITES UNIVERSAL GROUP, DuPont de Nemours Inc., Gurit Holding AG, Hexcel Corp., Huntsman Corp., Kineco Ltd., Mitsubishi Chemical Corp., Momentive Performance Materials, Nippon Electric Glass Co. Ltd., Owens Corning, Scott Bader Co. Ltd., SGL Carbon SE, Solvay SA, Teijin Ltd., Toray Industries Inc., and Veplas dd. Also, the composite materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more