Global Composites Market Size & Outlook, 2022-2030
Global composites market, 2018-2030 (US$M)
Related Markets
Global composites market highlights
- The global composites market generated a revenue of USD 93,694.3 million in 2022 and is expected to reach USD 163,971.2 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.2% by 2030.
- In terms of segment, glass fiber others accounted for a revenue of USD 56,210.6 million in 2022.
- 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 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 93,694.3 million |
| Market revenue in 2030 | USD 163,971.2 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Glass fiber others |
| Fastest growing segment | Carbon Fiber |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Glass Fiber Others |
Other key industry trends
- In terms of revenue, the North America accounted for 21.7% of the global composites market in 2022.
- By country, the China 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 22,991.6 million by 2030.
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Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 others was the largest segment with a revenue share of 59.99% in 2022. Horizon Databook has segmented the Global composites market based on carbon fiber, glass fiber others 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
- 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 region, 2018-2030 (US$M)
Top 10 countries by Composites Market revenue, 2022 (US$M)
Global composites market share, by product, 2022 & 2030 (%, US$M)
Composites market: Opportunity assessment by country
Global composites market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 6,289.9 | 6,556.2 | 6,178.9 | 6,416.7 | 6,697.4 | 7,059.8 | 7,478.6 | 7,961.5 | 8,530.6 | 9,150.2 | 9,825.1 | 10,561.1 | 11,364.2 | 6.0% |
| Europe | 16,988.9 | 18,351.2 | 17,923.5 | 18,578.0 | 19,356.9 | 20,272.9 | 21,341.4 | 22,583.8 | 24,092.9 | 25,730.2 | 27,508.0 | 29,440.0 | 31,541.3 | 6.4% |
| North America | 18,074.3 | 19,400.8 | 18,832.7 | 19,404.6 | 20,289.2 | 21,349.6 | 22,494.2 | 23,739.8 | 25,105.7 | 26,587.9 | 28,197.3 | 29,946.3 | 31,845.6 | 6.3% |
| MEA | 4,514.0 | 4,746.8 | 4,501.2 | 4,665.3 | 4,859.9 | 5,113.2 | 5,406.5 | 5,745.0 | 6,144.6 | 6,579.0 | 7,051.5 | 7,566.0 | 8,126.7 | 6.1% |
| Asia Pacific | 36,505.1 | 39,650.5 | 38,947.1 | 40,256.4 | 42,490.9 | 45,310.8 | 48,617.6 | 52,386.0 | 56,766.1 | 61,751.0 | 67,397.3 | 73,803.6 | 81,093.5 | 8.3% |
| Overall | 82,372.2 | 88,705.4 | 86,383.5 | 89,320.9 | 93,694.3 | 99,106.2 | 105,338.4 | 112,416.1 | 120,639.9 | 129,798.2 | 139,979.3 | 151,317.0 | 163,971.2 | 7.3% |
Related regional statistics
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