Composite Market Booming Worldwide from 2025 to 2032 - Featuring Companies like Saint-Gobain S.A. and Momentive Performance Materials

The composite market is witnessing robust transformation driven by innovations in material science and expanding applications across automotive, aerospace, construction, and electronics sectors. Increasing demand for lightweight, high-strength materials to improve fuel efficiency and durability is bolstering the industry size. The Global Composite Market size is estimated to be valued at USD 115.39 billion in 2025 and is expected to reach USD 188.96 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.3% from 2025 to 2032. This growth trajectory is underpinned by advancements in fiber reinforcements and resin technologies, which are expanding the market scope and driving significant market revenue globally. The evolving market dynamics emphasize the rise of composites as indispensable materials for sustainable industrial applications and enhanced business growth.

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➤Actionable Insights

● The surge in production capacity of advanced composites, particularly carbon fiber-reinforced polymers, has increased by 15% in 2024 alone, directly influencing the composite market share and overall market revenue. Leading manufacturing hubs in Asia-Pacific have scaled up output to meet rising demand from automotive lightweighting projects.
● Pricing trends have stabilized due to innovations in raw material sourcing and processing efficiency; for instance, the average price of glass fiber composites dropped by 5% in 2025, enhancing product adoption across cost-sensitive segments like construction and wind energy.
● Import volumes of specialty composite materials into North America increased by 12% in 2024, driven by the aerospace industry's expansion and stringent emission regulations that favor lightweight components, highlighting demand-side market growth.
● Various use cases across industries such as sports equipment and marine applications saw a 10% rise in composite integration in 2025, supporting market insights that diversified applications are key contributors to sustained market growth strategies.

➤Market Segment and Regional Coverage

● By Type: Carbon Fiber Composites, Glass Fiber Composites, Aramid Fiber Composites, Hybrid Composites, and Others.
● By Application: Aerospace & Defense, Automotive, Construction, Marine, Wind Energy, Sports & Leisure, and Others.
● By Resin Type: Thermoset, Thermoplastic, and Others.

● Regional and Country Analysis:
● North America: U.S. and Canada
● Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
● Europe: Germany, U.K., Spain, France, Italy, Benelux, Denmark, Norway, Sweden, Russia, and Rest of Europe
● Asia Pacific: China, Taiwan, India, Japan, South Korea, Indonesia, Malaysia, Philippines, Singapore, Australia, and Rest of Asia Pacific
● Middle East & Africa: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Israel, South Africa, North Africa, Central Africa, and Rest of MEA

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➤Key Players

● Companies de
● Saint-Gobain S.A.
● Momentive Performance Materials, Inc.
● Kineco Limited
● Veplas Group
● China Jushi Group Co., Ltd.
● Braj Binani Group
● Guardian Fibre Glass
● Owens Corning
● Toray Industries
● Hexcel Corporation
● Mitsubishi Chemical Corporation
● SGL Carbon
● Teijin Limited
● Jushi Group
● Johns Manville
Competitive strategies across the composite market include strategic mergers and acquisitions that have expanded production capabilities. For example, Saint-Gobain S.A. recently acquired a regional fiber manufacturer in Asia Pacific, resulting in a 20% increase in market share within that region. Momentive Performance Materials, Inc. has focused on innovation-led growth by investing heavily in next-generation resin technologies, enabling it to capture a larger segment of automotive composites with improved performance metrics.

➤Growth factors

● The growing emphasis on sustainability is a key driver for market growth, as composites enable lightweight design reducing carbon emissions. For instance, automotive manufacturers increased composite utilization by 18% in 2025 to meet fuel efficiency standards.
● Increasing investments in wind energy projects worldwide have boosted demand for glass fiber composites, with installed global wind capacity growing by 14% in 2024, directly fueling market revenue expansion.
● The construction sector's inclination towards durable, corrosion-resistant materials has driven composite adoption, with Europe reporting a 10% year-over-year increase in composite-based construction materials in 2025.

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➤ Market Trends

● The rise of thermoplastic composites is a prominent trend, offering recyclability and faster manufacturing cycles. Thermoplastic composites accounted for approximately 25% of the composite market revenue in 2025, reflecting a significant shift in market dynamics.
● Digital manufacturing technologies like automated fiber placement and 3D printing are increasingly integrated into composite production, reducing waste by 12% and enhancing precision, as reported in recent industry audits from 2024.
● Market trends also indicate a surge in hybrid composites usage, combining carbon and glass fibers to optimize cost and performance, particularly in the aerospace and automotive sectors where material efficiency is critical.

➤Market Opportunities

● By Application Segment: The automotive sector presents substantial opportunities as regulatory pressure for lightweight vehicles intensifies; composite usage in electric vehicle chassis increased by 20% in 2025, suggesting a promising avenue for growth.
● By Type Segment: Carbon fiber composites offer lucrative potential due to their superior strength-to-weight ratio, with market share expected to expand by 9% CAGR from 2025 to 2032, driven by aerospace demand.
● By Resin Type Segment: Thermoplastic composites are poised for accelerated adoption due to their recyclability and shorter cycle times, particularly in high-volume manufacturing industries.
● By Region: Asia Pacific offers significant market opportunities, with China leading production capacity increases by over 15% in 2024, supported by governmental initiatives promoting advanced composite materials usage in infrastructure and transportation.

❓ Frequently Asked Questions

1. Who are the dominant players in the Composite Market?
The dominant players include Companies de, Saint-Gobain S.A., Momentive Performance Materials, Inc., and Kineco Limited, renowned for their extensive product portfolios and strategic expansions in Asia Pacific and North America.

2. What will be the size of the Composite Market in the coming years?
The market size is projected to grow from USD 115.39 billion in 2025 to USD 188.96 billion by 2032, reflecting a CAGR of 7.3%, driven by diversified applications and technological advancements.

3. Which end users industry has the largest growth opportunity?
The automotive industry holds the largest growth opportunity, especially with increasing electric vehicle production and lightweighting mandates boosting composite material adoption.

4. How will market development trends evolve over the next five years?
Market trends will evolve with increased adoption of thermoplastic composites, integration of digital manufacturing technologies, and growth in hybrid composite applications, enhancing market scope and dynamics.

5. What is the nature of the competitive landscape and challenges in the Composite Market?
The competitive landscape is characterized by innovation-driven growth and strategic partnerships. Challenges include raw material price volatility and the need for sustainable production processes.

6. What go-to-market strategies are commonly adopted in the Composite Market?
Key strategies include mergers and acquisitions to expand geographical presence, investment in R&D for advanced materials, and collaborations with end-user industries to tailor composite solutions for specific applications.

Author of this marketing PR :
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.

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