Global Advanced Composites Market Size & Outlook
Global advanced composites market, 2017-2030 (US$M)
Related Markets
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 2021 | USD 34,266.4 million |
| Market revenue in 2030 | USD 74,923.6 million |
| Growth rate | 9.1% (CAGR from 2021 to 2030) |
| Largest segment | Carbon fiber composites |
| Fastest growing segment | Carbon Fiber Composites |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 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 37.7% 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 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
- Aramid Fiber Composites
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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 size, by regions, 2017-2030 (US$M)
Top 10 countries: Advanced composites market size, 2021 (US$M)
Global advanced composites market share, by product, 2021 & 2030 (%, US$M)
Advanced composites market: Opportunity assessment by country
Global advanced composites market, by region, 2021 (US$M)
| Product | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 9,531.4 | 10,269.7 | 11,075.5 | 11,956.0 | 12,919.0 | 13,973.4 | 15,129.0 | 16,386.6 | 17,755.9 | 19,235.0 | 20,858.3 | 22,627.3 | 24,555.4 | 26,640.0 | 8.4% |
| Europe | 7,732.9 | 8,372.0 | 9,085.8 | 9,884.9 | 10,781.4 | 11,789.6 | 12,926.1 | 14,180.3 | 15,564.7 | 17,019.4 | 18,658.9 | 20,510.9 | 22,557.7 | 24,820.4 | 9.7% |
| Asia Pacific | 5,653.3 | 6,154.7 | 6,710.7 | 7,328.5 | 8,016.4 | 8,783.9 | 9,641.7 | 10,591.4 | 11,643.1 | 12,780.1 | 14,053.1 | 15,481.0 | 17,066.0 | 18,826.4 | 10.0% |
| Latin America | 1,375.3 | 1,466.0 | 1,563.9 | 1,669.7 | 1,784.2 | 1,908.2 | 2,042.7 | 2,187.1 | 2,342.5 | 2,505.9 | 2,683.3 | 2,875.9 | 3,083.2 | 3,306.2 | 7.1% |
| MEA | 605.2 | 641.1 | 679.7 | 720.9 | 765.3 | 812.9 | 864.1 | 918.8 | 977.1 | 1,038.1 | 1,103.8 | 1,174.6 | 1,250.1 | 1,330.7 | 6.3% |
| Overall | 24,898.2 | 26,903.5 | 29,115.6 | 31,560.1 | 34,266.4 | 37,268.0 | 40,603.6 | 44,264.1 | 48,283.3 | 52,578.5 | 57,357.4 | 62,669.7 | 68,512.4 | 74,923.7 | 9.1% |
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