Global Composites Market Size & Outlook, 2024-2030
Global composites market, 2018-2030 (US$M)
Related Markets
Global composites market highlights
- The global composites market generated a revenue of USD 99,106.2 million in 2023 and is expected to reach USD 163,971.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.7% by 2030.
- In terms of segment, glass fiber accounted for a revenue of USD 62,146.9 million in 2023.
- Carbon Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific 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 99,106.2 million |
| Market revenue in 2030 | USD 163,971.2 million |
| Growth rate | 7.7% (CAGR from 2024 to 2030) |
| Largest segment | Glass fiber |
| Fastest growing segment | Carbon Fiber |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Glass Fiber |
Other key industry trends
- In terms of revenue, the North America accounted for 21.5% of the global composites market in 2023.
- By country, the China 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 17,810.6 million by 2030.
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Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jushi | View profile | 5001-10000 | Tongxiang, Zhejiang, China, Asia | https://jushi.com/ |
| Veplas Group | View profile | - | Velenje, Velenje Urban Commune, Slovenia, Europe | https://www.veplasgroup.com |
| Momentive | View profile | 5001-10000 | Schenectady, New York, United States, North America | https://www.momentive.com/ |
| KINECO | View profile | 251-500 | Pilerne, Goa, India, Asia | https://www.kinecogroup.com |
| Weyerhaeuser Co | View profile | 9318 | 220 Occidental Avenue South, Seattle, WA, United States, 98104-7800 | https://www.weyerhaeuser.com |
| PPG Industries Inc | View profile | 53000 | One PPG Place, Pittsburgh, PA, United States, 15272 | https://www.ppg.com |
| 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 |
| Compagnie de Saint-Gobain SA | View profile | 168508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | http://www.saint-gobain.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
Global 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 composites market will help companies and investors design strategic landscapes.
Glass fiber was the largest segment with a revenue share of 62.71% in 2023. Horizon Databook has segmented the Global composites market based on carbon fiber, glass fiber covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Composites Product Outlook (Revenue, USD MIllion, 2018-2030)
- Carbon Fiber
- Glass Fiber
- Others
- Global Composites MFG Process Outlook (Revenue, USD MIllion, 2018-2030)
- Layup
- Filament
- Injection Molding
- Pultrusion
- Compresion molding
- RTM
- Others
- Global Composites Application Outlook (Revenue, USD MIllion, 2018-2030)
- Automotive & Transportation
- Electrical & Electronics
- Wind Energy
- Construction & Infrastructure
- Pipes & Tanks
- Marine
- Others
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Target buyers of Global composites market databook
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Our clientele includes a mix of composites market companies, investment firms, advisory firms & academic institutions.
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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 composites market , including forecasts for subscribers. This global databook contains high-level insights into Global composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global composites market size, by regions, 2018-2030 (US$M)
Top 10 countries: Composites market size, 2023 (US$M)
Global composites market share, by product, 2023 & 2030 (%, US$M)
Composites market: Opportunity assessment by country
Global composites market, by region, 2023 (US$M)
Related statistics
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