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Advanced Composites Market Size and Forecast, by Product (Aramid Fiber Composites Carbon Fiber Composites, S-Glass Fiber Composites); Application; Resin - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 6398
  • Published Date: Sep 18, 2025
  • Report Format: PDF, PPT

Advanced Composites Market Outlook:

Advanced Composites Market size was valued at USD 48.67 billion in 2025 and is expected to reach USD 128.55 billion by 2035, registering around 10.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of advanced composites is evaluated at USD 53.14 billion.

Advanced Composites Market Size
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Advanced composites are a rapidly growing industry, revolutionizing the approach to designing products, manufacturing, and utilization across various fields. Advanced composite materials combine more than two distinct substances to produce a product with special properties, such as increased strength, rigidity, and resistance to corrosion and heat. These materials are increasingly used in a wide range of applications, including aerospace, automotive, construction, sports equipment, wind energy, electronics, medical devices, industrial processes, marine, and consumer goods. As technology is advancing the demand for high-performance and quality materials growing. This can result in significant advanced composites market growth in the forthcoming years.

The market is experiencing steady growth and expansion owing to the growing need for lightweight materials, particularly in the aerospace and automotive industries. In the aerospace industry, advanced composites such as glass fiber-reinforced polymers (GFRP) and carbon fiber-reinforced polymers (CFRP) are used in the body structure of aircraft to mitigate fuel consumption and increase payload capacity. In the automotive sector, these advanced composite materials are utilized to manufacture body panels, engine components, and battery enclosures to enhance vehicle performance and fuel efficiency and decrease vehicle emissions.

Key Advanced Composites Market Insights Summary:

  • Regional Highlights:

    • North America’s advanced composites market will account for 37.7% share by 2035, driven by the fastest-growing automotive industry, demand for lightweight materials, and rising usage of high-performance materials.

  • Segment Insights:

    • The carbon fiber composites segment in the advanced composites market is forecasted to secure a 66.20% share by 2035, driven by increasing demand for lightweight materials in automotive, aerospace, and defense industries.
    • The advanced thermosetting composites segment in the advanced composites market is anticipated to see substantial growth till 2035, attributed to properties like heat resistance, thermal stability, and chemical resistance for aerospace and medical applications.

  • Key Growth Trends:

    • Growing need for fuel efficiency
    • Rising demand for renewable energy

  • Major Challenges:

    • Limited recycling capacity
    • Complex manufacturing process

  • Key Players: Mitsubishi Chemical Carbon Fiber and Composites Inc., Hexcel Corporation, Kolon Industries Inc., Owens Corning, Koninklijke TenCate NV, and Cytec Solvay Group.

Global Advanced Composites Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 48.67 billion
    • 2026 Market Size: USD 53.14 billion
    • Projected Market Size: USD 128.55 billion by 2035
    • Growth Forecasts: 10.2% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: North America (37.7% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: United States, China, Germany, Japan, France
    • Emerging Countries: China, Japan, South Korea, India, Taiwan

    • Last updated on : 18 September, 2025

Growth Drivers:

  • Growing need for fuel efficiency: The growing need for fuel efficiency is a pivotal driving factor for the advanced composites market as industries are tending towards sustainable environmental approaches to reduce energy consumption and lower emissions. With the dynamic climatic pattern and strict government regulations, companies strive for innovative approaches to improve fuel efficiency. By combining strength with reduced weight and durability, advanced composites present a valuable solution for industries seeking innovation and improved performance.
  • Rising demand for renewable energy: Advanced composite materials are highly used and preferred in the production of renewable energy systems such as wind turbines, hydrokinetic energy systems, and solar panels to enhance efficiency, strength, durability, and performance. The growing awareness and adoption of renewable resources clubbed with government policies and lowered costs is leading to a surge within the industry.

    Moreover, the world is witnessing a shift towards more sustainable energy-driven composites, therefore, demand for advanced composites material in renewable energy applications is expected to grow higher in coming years.

Challenges:

  • Limited recycling capacity: The advanced composites have limited recycling capacity which poses a significant challenge, hampering the advanced composites market growth. Factors such as lack of suitable infrastructure, technical mishandling, high processing costs, and scarce economies of scale can affect the recycling capacity.
  • Complex manufacturing process: The manufacturing process of advanced composites is complex in terms of distinct properties, strict control over chemical reactions, and multiple material handling which leads to higher cost of production, delayed production, variability in quality, and inappropriate handling of materials. Moreover, the manufacturing process requires highly skilled labor, and proper quality assurance and inspection. This is another factor expected to hamper overall advanced composites market growth during the forecast period.  

Advanced Composites Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

10.2%

Base Year Market Size (2025)

USD 48.67 billion

Forecast Year Market Size (2035)

USD 128.55 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Advanced Composites Market Segmentation:

Product Segment Analysis

Carbon fiber composite segment is projected to dominate advanced composites market share of around 66.2% by the end of 2035, driven by the increasing demand for lightweight materials in numerous applications. Automotive, aerospace, and defense industries are significant contributors to the carbon fiber composite sales.  Carbon composites are widely used to improve fuel efficiency, reduce vehicle weight, and provide high performance in varied applications inclusive of sports equipment, wind energy, marine industries, and construction. Prominent industry players such as Mitsubishi Chemical Corporations, Hexcel Corporation, and Toray Industries are introducing technologically advanced products, providing cost-saving benefits, and innovations.

Application Segment Analysis

The aerospace and defense segment in advanced composites market accounts for a substantial share in the advanced composites segment owing to the distinct carbon fiber composite properties such as corrosion resistance, strength-to-weight ratio, durability, and stiffness. Space systems, inclusive of satellite components, spacecraft components, and vehicle structures rely on advanced composites due to their exceptional qualities acclimated to harsh climates. 

Aircraft interior parts such as seats, cabin components, and other structural parts gain a competitive advantage due to the durability, strength, and appealing qualities of advanced composites. It provides vehicles with higher durability, less environmental impact, corrosion resistance, and enabled fuel efficiency and extended range. Owing to the wide use of advanced composite materials in aerospace and automobile industries, mainly during the manufacturing process makes it more reliable and seeks to drive demand and growth.

Resin Segment Analysis

Advanced thermosetting composite segment in the advanced composites market is poised to register substantial growth till 2035. Advanced thermosetting resin is a type of polymer matrix used in composite materials, with properties such as heat resistance, higher thermal stability, enhanced chemical and mechanical properties, better adhesion to fillers, and high durability. Some commonly used advanced thermosetting are cyanate esters, polyimides, high-performance epoxies, and silicones. These materials are utilized in aerospace, sports equipment, automotive, and medical devices owing to their safety and durability, reduced maintenance costs, and flexibility.

Our in-depth analysis of the global market includes the following segments:

Product
  • Aramid Fiber Composites
  •  Carbon Fiber Composites
  • S-Glass Fiber Composites

Application
  • Aerospace & Defense, Automotive
  • Transportation
  • Electrical & Electronics
  • Wind energy
  • Civil Engineering
  • Medical, Marine
  • Sporting goods

 

Resin
  • Advanced Thermosetting Composites
  • Advanced Thermoplastic Composites
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Advanced Composites Market Regional Analysis:

North America Market Insights

North America industry is anticipated to hold largest revenue share of 37.7% by 2035,owing to the presence of the fastest-growing automotive industry globally, with the U.S. ranking among the top producers of automobiles. The capacity for mass manufacturing, a wide range of product variations, a sizable customer base, and a high market size have all contributed to the nation's industrial expansion, which is expected to drive up demand for advanced composites in regional automotive applications. Key trends in North America are increasing demands for lightweight materials in aerospace, and automotive industries, rising usage of high-performance materials in sports equipment, and expanding use of advanced composites in the medical field.

The U.S. holds the largest advanced composites market share in this region owing to the presence of well-established market players such as Owen Corning, Cytec Industries, Hexcel Corporation, and Toray Industries directed towards automotive, aerospace, wind energy, and defense applications. Canada is the fastest-growing sector owing to rising aerospace, automotive, military activities, and government initiatives to support the adoption of advanced composites. Other factors such as growing need to enhance fuel efficiency and rising investments in developing advanced composites are expected to fuel market growth in Canada going ahead.

Asia Pacific Market Insights

Asia Pacific advanced composites market is the fastest growing revenue driven by several factors such as high demand from the aerospace and automotive, medical field, and sports equipment sectors, government initiatives and funding, and competitive labor costs. Investment in research and developments assists the market players in the identification of prevalent trends and dynamism, making them capable of modifying and adopting alternative processes to escalate the market operations and provide the consumers with desired outcomes such as lightweight, cost-efficient, fuel-efficient, and high durability materials.

In forthcoming years, the advanced composites market is likely to witness significant growth due to sustainable and recyclable advanced composite materials used in medical devices and 3D printing. Tata Advanced Materials Limited (TAML), in India, is a leading player in the advanced composites field with a strong focus on enhancing quality, improving customer satisfaction, and innovative solutions. It has a state-of-the-art manufacturing facility to improve the process and make it effortless.

Advanced Composites Market Share
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Advanced Composites Market Players:

    The advanced composites market is rapidly evolving owing to continuous innovation and advancements in technological fields. Companies are revolutionizing the approach toward product designing, manufacturing processes, and optimum utilization of advanced composite materials with their innovative ideas and breakthroughs. The industry leaders are striving to achieve unprecedented levels of performance and efficiency of the advanced composite material by focusing on features such as lightweight, diverse applications, and innovative usages to foster growth and sustainability in the market. The constant breakthroughs by companies in this field are making them stay ahead in this rapidly evolving market. Examples of such prominent stakeholders in the advanced composites market are:

    • SGL Carbons
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Advanced Composites Inc.
    • Mitsubishi Chemical Carbon Fiber and Composites Inc.
    • Hexcel Corporation
    • Kolon Industries Inc.
    • Owens Corning
    • Koninklijke TenCate NV
    • Cytec Solvay Group

Recent Developments

  • In June 2024, Advanced Composites Solutions (ACS) invested USD 4 million in its new manufacturing facility in Tortoreto to ace the competition by producing cutting-edge composite materials for the automotive and aerospace industries.
  • In May 2022, Hexcel Corporation offered a new range of its new product, HexPly XF2, in the market with improved mechanical properties, more design flexibility, and a lightweight structure to fulfill the growing demand for efficient and high-performance composite material to be used in industries and aircraft.
  • Report ID: 6398
  • Published Date: Sep 18, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of advanced composites is evaluated at USD 53.14 billion.

The global advanced composites market size exceeded USD 48.67 billion in 2025 and is set to register a CAGR of more than 10.2%, exceeding USD 128.55 billion revenue by 2035.

North America’s advanced composites market will account for 37.7% share by 2035, driven by the fastest-growing automotive industry, demand for lightweight materials, and rising usage of high-performance materials.

Key players in the market include Mitsubishi Chemical Carbon Fiber and Composites Inc., Hexcel Corporation, Kolon Industries Inc., Owens Corning, Koninklijke TenCate NV, and Cytec Solvay Group.

Advanced Composites Market Report Scope

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