Global Advanced Composites Market Size & Outlook

The advanced composites industry worldwide is expected to reach a projected revenue of US$ 74,923.6 million by 2030. A compound annual growth rate of 9.1% is expected of the worldwide advanced composites industry from 2022 to 2030.

Revenue, 2021 (US$M)
$34,266.4
Forecast, 2030 (US$M)
$74,923.6
CAGR, 2022 - 2030
9.1%
Report Coverage
Worldwide

Global advanced composites market highlights

  • The global advanced composites market generated a revenue of USD 34,266.4 million in 2021 and is expected to reach USD 74,923.6 million by 2030.
  • The market is expected to grow at a CAGR (2022 - 2030) of 9.1% by 2030.
  • In terms of segment, carbon fiber composites accounted for a revenue of USD 20,510.5 million in 2021.
  • Carbon Fiber Composites is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2021.
  • Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.

Global data book summary

Market revenue in 2021USD 34,266.4 million
Market revenue in 2030USD 74,923.6 million
Growth rate9.1% (CAGR from 2021 to 2030)
Largest segmentCarbon fiber composites
Fastest growing segmentCarbon Fiber Composites
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAramid Fiber Composites, Carbon Fiber Composites, Glass Fiber Composites

Other key industry trends

  • In terms of revenue, the North America accounted for 37.7% of the global advanced composites market in 2021.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 14,455.9 million by 2030.

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Advanced Composites Market Scope

Advanced composites market segmentation & scope
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Others
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Pipes & Tanks
Construction
Marine
Others
Aerospace & Defense
Automotive
Wind Energy
Sporting Goods
Pipes & Tanks
Construction
Marine
Others

Advanced Composites Market Companies

Name Profile # Employees HQ Website

Global advanced composites market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced composites market will help companies and investors design strategic landscapes.


carbon fiber composites was the largest segment with a revenue share of 59.86% in 2021. Horizon Databook has segmented the Global advanced composites market based on aramid fiber composites, carbon fiber composites, glass fiber composites covering the revenue growth of each sub-segment from 2017 to 2030.


  • Global Advanced Composites Product Outlook (Revenue, USD Million, 2017-2030)
    • Aramid Fiber Composites
      • Aerospace & Defense
      • Automotive
      • Wind Energy
      • Sporting Goods
      • Others
    • Carbon Fiber Composites
      • Aerospace & Defense
      • Automotive
      • Wind Energy
      • Sporting Goods
      • Pipes & Tanks
      • Construction
      • Marine
      • Others
    • Glass Fiber Composites
      • Aerospace & Defense
      • Automotive
      • Wind Energy
      • Sporting Goods
      • Pipes & Tanks
      • Construction
      • Marine
      • Others

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  • Our clientele includes a mix of advanced composites market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global advanced composites market , including forecasts for subscribers. This global databook contains high-level insights into Global advanced composites market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global advanced composites market statistics, by regions, 2017-2030 (US$M)

Top 10 countries: Advanced composites market size, 2021 (USD Million)

Top 10 countries: Advanced composites market size, 2021 (USD Million)

Global advanced composites market, by region, 2021 (US$M)

Global advanced composites market statistics, by regions, 2017-2030 (US$M)

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