Composite Material Market to Reach USD 86.67 Billion by 2030, Driven by Automotive, Wind Energy, and Aerospace Demand, Reports Mordor Intelligence

Mordor Intelligence has published a new report on the "Composite Material Market," offering a comprehensive analysis of trends, growth drivers, and future projections.

The global composite material market is projected to grow from USD 67.65 billion in 2025 to USD 86.67 billion by 2030, registering a compound annual growth rate (CAGR) of 5.08% during the forecast period. This growth is largely supported by increased demand across sectors such as automotive, wind energy, aerospace, and construction. Lightweight materials with high strength and corrosion resistance are becoming essential in manufacturing and infrastructure, making composites a preferred choice.

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Key Trends Shaping the Composite Material Market

Automotive Sector Embracing Lightweight Materials

Automakers are under pressure to meet fuel efficiency standards and reduce emissions. Composite materials, especially carbon fiber and glass fiber reinforced polymers, are being used in vehicle components such as body panels, interiors, and structural parts. These materials help reduce vehicle weight without compromising safety or performance. The shift toward electric vehicles (EVs) is also contributing to the demand for composites, as lightweight structures improve battery range and efficiency.

Wind Energy Sector Driving Demand for High-Performance Composites

Wind turbine blades require materials that are lightweight yet strong enough to withstand high stress and environmental exposure. Composites, particularly glass fiber-reinforced polymers, are widely used in blade manufacturing. As countries invest in renewable energy infrastructure, the demand for large-scale wind turbines is increasing, directly impacting composite consumption.

Aerospace Industry Relying on Composites for Fuel Efficiency

Aircraft manufacturers are incorporating composite materials into fuselage, wings, and interior components to reduce weight and improve fuel efficiency. Carbon fiber composites are especially valued for their strength-to-weight ratio. With commercial aviation recovering and defense spending remaining stable, the aerospace sector continues to be a key driver of composite material usage.

Construction and Infrastructure Applications Expanding

Composites are being used in bridges, buildings, and pipelines due to their resistance to corrosion and long service life. Fiber-reinforced polymers are replacing traditional materials like steel and concrete in certain applications, especially in regions with harsh environmental conditions. This trend is expected to grow as urbanization and infrastructure development accelerate globally.

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Composite Market Segmentation: By Material, Fiber, End-Use, and Region

By Matrix Material:
Polymer Matrix Composites (PMC): Widely used in automotive, aerospace, and consumer goods.
Ceramic/Carbon Matrix Composites (CMC): Applied in high-temperature environments like aerospace and industrial machinery.
Other Matrices: Include metal matrix composites used in niche applications.

By Reinforcement Fiber:
Glass Fiber: Most commonly used due to its cost-effectiveness and versatility.
Carbon Fiber: Preferred for high-performance applications requiring strength and low weight.
Others: Include aramid and natural fibers used in specialized applications.

By End-Use Industry:
Automotive and Transportation
Wind Energy
Aerospace and Defense
Construction
Marine
Consumer Goods

By Geography:
Asia-Pacific: Fastest-growing region, driven by manufacturing and infrastructure expansion.
North America: Mature market with strong demand from aerospace and automotive sectors.

Europe: Focused on sustainability and lightweight materials in transportation.
South America, Middle East & Africa: Emerging markets with growing industrial activity.

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Key Companies in the Composite Material Market

Several companies are leading the charge in composite material production and development. These firms are investing in manufacturing capacity, product development, and strategic partnerships to meet growing demand:

>Toray Industries Inc.: A major supplier of carbon fiber composites, serving aerospace and automotive sectors.

>Hexcel Corporation: Known for advanced composite materials used in aircraft and space applications.

>Mitsubishi Chemical Corporation: Offers a wide range of polymer matrix composites for industrial use.

>SGL Carbon: Specializes in carbon-based composites for automotive and energy applications.

>Teijin Limited: Provides high-performance fibers and composite solutions across multiple industries.

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Conclusion: Composite Materials Are Becoming Industry Staples

growth is supported by rising demand in sectors that prioritize lightweight, durable, and corrosion-resistant materials. Automotive, wind energy, aerospace, and construction industries are leading the adoption curve, while manufacturers continue to innovate and scale production.

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Explore Full Insights: https://www.mordorintelligence.com/industry-reports/fiber-reinforced-composites-market?utm_source=openpr

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