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Composite Materials Market Size, Share, and Outlook, 2025 Report- By Resin (Thermoset Resin, Thermoplastic Resin), By Fiber (Glass Fiber, Carbon Fiber, aramid Fiber, Others), By Coat (Gel Coat, Surface Veil), By Adhesive (Epoxies, Bismaleimide, Cyanate Es

Publisher VPA Research
Published Feb 10, 2025
Length 196 Pages
SKU # VPA19585792

Description

Composite Materials Market Outlook

Composite Materials Market Size is forecast to reach $214.3 Billion in 2032 from $120.2 Billion in 2025, at an optimistic growth rate of 8.5% from 2025 to 2032. The robust Composite Materials Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Composite Materials Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Resin (Thermoset Resin, Thermoplastic Resin), By Fiber (Glass Fiber, Carbon Fiber, aramid Fiber, Others), By Coat (Gel Coat, Surface Veil), By Adhesive (Epoxies, Bismaleimide, Cyanate Ester, Modified Acrylics, Polyurethanes, Silicones), By End-User (Construction, Transportation, Electronics & Electrical, Healthcare, Power Generation, Industrial, Aerospace & Defense, Marine, Others). Over 70 tables and charts showcase findings from our latest survey report on Composite Materials Markets.

Composite Materials Market Insights, 2025: Composite Materials – Key Drivers and Opportunities

Composite materials, which combine multiple materials to achieve superior strength, durability, and lightweight properties, are increasingly used across industries such as aerospace, automotive, construction, wind energy, and marine. The key drivers for the growth of the composite materials market include the rising demand for lightweight solutions that improve energy efficiency, reduce emissions, and lower overall costs in production. These materials offer excellent mechanical properties, making them ideal for demanding applications where performance and weight reduction are critical.

In the automotive industry, the shift toward electric vehicles (EVs) has spurred the demand for lightweight composite materials that can offset the weight of heavy batteries. Composite materials are also crucial in the aerospace sector, where the emphasis on fuel efficiency and performance leads to the use of composites in aircraft parts. As the global focus on sustainability intensifies, the ability of composite materials to reduce carbon footprints by enabling lighter vehicles, less fuel consumption, and lower emissions positions them as a key driver of growth.

The opportunities in the composite materials market are particularly significant in renewable energy, where composites are used extensively in the manufacturing of wind turbine blades. As wind energy continues to grow as a viable alternative to traditional energy sources, the need for larger and more efficient blades that can withstand harsh environmental conditions offers substantial opportunities for composite manufacturers. Additionally, the marine industry is also seeing increased demand for composites that can withstand corrosive saltwater environments, offering longer-lasting performance for boats, ships, and offshore platforms.

Another key opportunity lies in sustainable composite materials. With growing concerns about the environmental impact of traditional composites, bio-based composites derived from natural fibers such as flax, hemp, and jute are gaining popularity. These materials offer the same strength and durability as traditional composites but with a significantly lower environmental impact. Manufacturers are also exploring recyclable composites that can be repurposed at the end of their life cycle, creating opportunities to meet growing demand for circular economy solutions in manufacturing.

Five Trends that will define global Composite Materials Market in 2025 and Beyond

A closer look at the multi-million global market for Composite Materials Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Composite Materials Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Composite Materials Industry?

The Composite Materials Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Composite Materials Market Segment Insights

The Composite Materials Industry presents strong offers across categories. The analytical report offers forecasts of Composite Materials Industry performance across segments and countries. Key segments in the industry include- By Resin (Thermoset Resin, Thermoplastic Resin), By Fiber (Glass Fiber, Carbon Fiber, aramid Fiber, Others), By Coat (Gel Coat, Surface Veil), By Adhesive (Epoxies, Bismaleimide, Cyanate Ester, Modified Acrylics, Polyurethanes, Silicones), By End-User (Construction, Transportation, Electronics & Electrical, Healthcare, Power Generation, Industrial, Aerospace & Defense, Marine, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Composite Materials Market size outlook is provided for 22 countries across these regions.

Composite Materials Industry Value Chain

The chapter identifies potential companies and their operations across the global Composite Materials Industry ecosystem. It assists decision-makers in evaluating global Composite Materials Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Composite Materials Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Composite Materials Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Composite Materials Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Composite Materials Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Composite Materials Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Composite Materials Market Insights- Executives are most excited about opportunities for the US Composite Materials Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Composite Materials Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Composite Materials Market.

Latin American Composite Materials Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Composite Materials Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Composite Materials Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Composite Materials Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Composite Materials Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include 3M Company, Cabot Corp, Compagnie de Saint-Gobain S.A., Composites Universal Group, DuPont de Nemours Inc, Gurit Holding AG, Hexcel Corp, Huntsman Corp, Kineco Ltd, Mitsubishi Chemical Corp, Momentive Performance Materials Inc, Nippon Electric Glass Co. Ltd, Owens Corning, Scott Bader Company Ltd, SGL Carbon SE.

Composite Materials Market Scope and Segmentation

By Resin

Thermoset Resin

Thermoplastic Resin

By Fiber

Glass Fiber

Carbon Fiber

aramid Fiber

Others

By Coat

Gel Coat

Surface Veil

By Adhesive

Epoxies

Bismaleimide

Cyanate Ester

Modified Acrylics

Polyurethanes

Silicones

By End-User

Construction

Transportation

Electronics & Electrical

Healthcare

Power Generation

Industrial

Aerospace & Defense

Marine

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Composite Materials Market Research-

3M Company

Cabot Corp

Compagnie de Saint-Gobain S.A.

Composites Universal Group

DuPont de Nemours Inc

Gurit Holding AG

Hexcel Corp

Huntsman Corp

Kineco Ltd

Mitsubishi Chemical Corp

Momentive Performance Materials Inc

Nippon Electric Glass Co. Ltd

Owens Corning

Scott Bader Company Ltd

SGL Carbon SE

Reasons to Buy the report
  • Make informed decisions through long and short-term forecasts across 22 countries and segments.
  • Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
  • Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
  • Get an integrated understanding of the entire market ecosystem and companies.
  • Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
  • Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
  • Get free Excel spreadsheet and PPT versions along with the report PDF.

Table of Contents

196 Pages
1. Table of Contents
List of Figures and Tables
2. Executive Summary
2.1 Key Highlights
2.1.1 Composite Materials Market Size Outlook, 2018-2024 and 2025-2032
2.1.2 Largest Composite Materials Market Types and Applications
2.1.3 Fastest Growing Segments
2.1.4 Potential Markets
2.1.5 Market Concentration
2.2 Market Scope and Segmentation
2.2.1 Market Scope- Segments
2.2.2 Market Scope- Countries
2.2.3 Macroeconomic and Demographic Outlook
2.2.4 Abbreviations
2.2.5 Units and Currency Conversions
3. Research Methodology
3.1 Primary Research Surveys
3.2 Secondary Data Sources
3.3 Data Triangulation
3.4 Forecast Methodology
3.5 Assumptions and Limitations
4. Introduction to Global Composite Materials Market in 2025
4.1 Industry Panorama
4.2 Leading Companies Profiled in the Study
4.3 Asia Pacific Markets offer Robust Market Prospects for New Entrants
4.4 Market Dynamics
4.4.1 Market Dynamics- Trends and Drivers
4.4.2 Market Dynamics- Opportunities and Challenges
4.5 Regional Analysis
4.6 Porter’s Five Force Analysis
4.6.1 Intensity of Competitive Rivalry
4.6.2 Threat of New Entrants
4.6.3 Threat of Substitutes
4.6.4 Bargaining Power of Buyers
4.6.5 Bargaining Power of Suppliers
4.7 Composite Materials Industry Value Chain Analysis
4.7.1 Stage of Value Chain
4.7.2 Key Activities of Companies
4.7.3 Companies Included in Each Stage
4.7.4 Key Insights
5. Composite Materials Market Outlook to 2032
5.1 Market Size Forecast by Type, 2021-2024 and 2025-2032
5.2 Market Size Forecast by Application, 2021-2024 and 2024-2032
5.3 Market Size Forecast by Geography, 2021-2024 and 2024-2032
By Resin
Thermoset Resin
Thermoplastic Resin
By Fiber
Glass Fiber
Carbon Fiber
aramid Fiber
Others
By Coat
Gel Coat
Surface Veil
By Adhesive
Epoxies
Bismaleimide
Cyanate Ester
Modified Acrylics
Polyurethanes
Silicones
By End-User
Construction
Transportation
Electronics & Electrical
Healthcare
Power Generation
Industrial
Aerospace & Defense
Marine
Others
6. Global Composite Materials Market Outlook across Growth Scenarios
6.1 Low Growth Scenario
6.2 Base/Reference Case
6.3 High Growth Scenario
6. North America Composite Materials Market Size Outlook
6.1 Key Market Statistics, 2024
6.2 North America Composite Materials Market Trends and Growth Opportunities
6.2.1 North America Composite Materials Market Outlook by Type
6.2.2 North America Composite Materials Market Outlook by Application
6.3 North America Composite Materials Market Outlook by Country
6.3.1 The US Composite Materials Market Outlook, 2021- 2032
6.3.2 Canada Composite Materials Market Outlook, 2021- 2032
6.3.3 Mexico Composite Materials Market Outlook, 2021- 2032
7. Europe Composite Materials Market Size Outlook
7.1 Key Market Statistics, 2024
7.2 Europe Composite Materials Market Trends and Growth Opportunities
7.2.1 Europe Composite Materials Market Outlook by Type
7.2.2 Europe Composite Materials Market Outlook by Application
7.3 Europe Composite Materials Market Outlook by Country
7.3.2 Germany Composite Materials Market Outlook, 2021- 2032
7.3.3 France Composite Materials Market Outlook, 2021- 2032
7.3.4 The UK Composite Materials Market Outlook, 2021- 2032
7.3.5 Spain Composite Materials Market Outlook, 2021- 2032
7.3.6 Italy Composite Materials Market Outlook, 2021- 2032
7.3.7 Russia Composite Materials Market Outlook, 2021- 2032
7.3.8 Rest of Europe Composite Materials Market Outlook, 2021- 2032
8. Asia Pacific Composite Materials Market Size Outlook
8.1 Key Market Statistics, 2024
8.2 Asia Pacific Composite Materials Market Trends and Growth Opportunities
8.2.1 Asia Pacific Composite Materials Market Outlook by Type
8.2.2 Asia Pacific Composite Materials Market Outlook by Application
8.3 Asia Pacific Composite Materials Market Outlook by Country
8.3.1 China Composite Materials Market Outlook, 2021- 2032
8.3.2 India Composite Materials Market Outlook, 2021- 2032
8.3.3 Japan Composite Materials Market Outlook, 2021- 2032
8.3.4 South Korea Composite Materials Market Outlook, 2021- 2032
8.3.5 Australia Composite Materials Market Outlook, 2021- 2032
8.3.6 South East Asia Composite Materials Market Outlook, 2021- 2032
8.3.7 Rest of Asia Pacific Composite Materials Market Outlook, 2021- 2032
9. South America Composite Materials Market Size Outlook
9.1 Key Market Statistics, 2024
9.2 South America Composite Materials Market Trends and Growth Opportunities
9.2.1 South America Composite Materials Market Outlook by Type
9.2.2 South America Composite Materials Market Outlook by Application
9.3 South America Composite Materials Market Outlook by Country
9.3.1 Brazil Composite Materials Market Outlook, 2021- 2032
9.3.2 Argentina Composite Materials Market Outlook, 2021- 2032
9.3.3 Rest of South and Central America Composite Materials Market Outlook, 2021- 2032
10. Middle East and Africa Composite Materials Market Size Outlook
10.1 Key Market Statistics, 2024
10.2 Middle East and Africa Composite Materials Market Trends and Growth Opportunities
10.2.1 Middle East and Africa Composite Materials Market Outlook by Type
10.2.2 Middle East and Africa Composite Materials Market Outlook by Application
10.3 Middle East and Africa Composite Materials Market Outlook by Country
10.3.1 Saudi Arabia Composite Materials Market Outlook, 2021- 2032
10.3.2 The UAE Composite Materials Market Outlook, 2021- 2032
10.3.3 Rest of Middle East Composite Materials Market Outlook, 2021- 2032
10.3.4 South Africa Composite Materials Market Outlook, 2021- 2032
10.3.5 Egypt Composite Materials Market Outlook, 2021- 2032
10.3.6 Rest of Africa Composite Materials Market Outlook, 2021- 2032
11. Company Profiles
11.1 Leading 10 Companies
3M Company
Cabot Corp
Compagnie de Saint-Gobain S.A.
Composites Universal Group
DuPont de Nemours Inc
Gurit Holding AG
Hexcel Corp
Huntsman Corp
Kineco Ltd
Mitsubishi Chemical Corp
Momentive Performance Materials Inc
Nippon Electric Glass Co. Ltd
Owens Corning
Scott Bader Company Ltd
SGL Carbon SE
11.2 Overview
11.3 Products and Services
11.4 SWOT Profile
12. Appendix
12.1 Subscription Options
12.2 Customization Options
12.3 Publisher Details
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