Global Advanced Composites Market Size & Outlook
Global advanced composites market, 2018-2030 (US$M)
Related Markets
Global advanced composites market highlights
- The global advanced composites market generated a revenue of USD 37,696.4 million in 2023 and is expected to reach USD 70,179.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.3% by 2030.
- In terms of segment, carbon fiber composites accounted for a revenue of USD 27,694.3 million in 2023.
- 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 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 37,696.4 million |
| Market revenue in 2030 | USD 70,179.3 million |
| Growth rate | 9.3% (CAGR from 2024 to 2030) |
| Largest segment | Carbon fiber composites |
| Fastest growing segment | Carbon Fiber Composites |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aramid Fiber Composites, Carbon Fiber Composites, Glass Fiber Composites |
Other key industry trends
- In terms of revenue, the North America accounted for 37.4% of the global advanced composites market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 1,597.7 million by 2030.
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Advanced Composites Market Scope
Advanced Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Plasan Carbon Composites | View profile | 501-1000 | Walker, Michigan, United States, North America | http://www.PlasanCarbon.com |
| Formosa Plastics Group | View profile | 1001-5000 | Taipei, T'ai-pei, Taiwan, Asia | https://www.fpg.com.tw/ |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Cytec Industries | View profile | 1001-5000 | Little Falls, New Jersey, United States, North America | http://cytec.com |
| SGL Group | View profile | 11-50 | Adelaide, South Australia, Australia, Oceania | https://www.sglgroup.net |
| Hexcel Corp | View profile | 5590 | 281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, United States, 06901 | https://www.hexcel.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
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 73.47% in 2023. 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 2018 to 2030.
- Global Advanced Composites Product Outlook (Revenue, USD Million, 2018-2030)
- 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
- Aramid Fiber Composites
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Target buyers of Global advanced composites market databook
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Our clientele includes a mix of advanced composites market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global advanced composites market size, by regions, 2018-2030 (US$M)
Top 10 countries: Advanced composites market size, 2023 (US$M)
Global advanced composites market share, by product, 2023 & 2030 (%, US$M)
Advanced composites market: Opportunity assessment by country
Global advanced composites market, by region, 2023 (US$M)
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