United States Advanced Composites Market to Reach USD 78.8 Billion by 2031, Driven by Aerospace, Automotive, and Sustainable Material Demand | DataM Intelligence

The Global Advanced Composites Market reached US$35.3 billion in 2022 and is projected to grow to approximately US$78.8 billion by 2031, at a CAGR of 10.6% from 2024 to 2031.

The market growth is fueled by increasing demand for lightweight, durable, and high-performance materials in aerospace, automotive, wind energy, and construction industries. Advanced composites such as carbon fiber, fiberglass, and aramid fiber are preferred for their superior strength-to-weight ratio, corrosion resistance, and thermal stability. Continued advancements in manufacturing technologies and sustainability initiatives further drive adoption. Key players include Covestro AG, DuPont, and BASF SE, contributing through innovations and strategic partnerships.

United States: Key Industry Developments

✅ September 2025: Hexcel Corporation announced showcasing their latest high-performance lightweight composite materials designed for commercial and military aerospace applications at Paris Air Show 2025, emphasizing materials that reduce fuel consumption and emissions.

✅ July 2025: Increasing investments in advanced composites by automotive manufacturers aimed at lightweight vehicle body parts contributed to market growth, driven by regulatory mandates to reduce vehicle emissions across the US.

✅ June 2025: Growth in wind energy sector led to higher demand for composite materials used in turbine blades, driven by sustainability goals and renewable capacity expansion.

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Japan: Key Industry Developments

✅ Mid-2025: Japan and South Korea pushed innovations in carbon fiber composite manufacturing technologies to reduce costs and improve material performance, supporting both automotive and aerospace sectors.

✅ Early 2025: Adoption of advanced composite materials in the construction sector expanded, utilizing their high-strength and corrosion-resistant properties for infrastructure projects.

Mergers and Acquisitions (2025):

✅ Hexcel Corporation - a global leader in advanced lightweight composites, continues innovation in aerospace materials, showcasing new technologies at major air shows. It holds approximately 14-18% market share.

✅ Solvay S.A. - known for thermoplastics composites, focuses on lighter components for fuel efficiency and structural integrity, holding 10-14% market share.

✅ Teijin Limited - specializes in aramid and carbon fiber composites, serving industrial and next-gen mobility applications with 8-12% market share.

✅ Mitsubishi Chemical Corporation - invests in bio-based, renewable, and recyclable composite solutions aligning with sustainable manufacturing efforts, holding 6-10% market share.

Growth Drivers:

-The global advanced composites market size was valued at USD 44.28 billion in 2024 and is projected to reach USD 121.28 billion by 2034, expanding at a CAGR of 10.60% from 2025 to 2034.

-The market growth is driven by demand for lightweight, high-strength, and sustainable materials across industries such as aerospace, automotive, and renewable energy.

-The aerospace sector leads with a significant share, fueled by the need to reduce fuel consumption and carbon emissions, with composites used in 65% of aerospace applications.

-North America dominated the market in 2024 with over 37% of sales, driven by the strong automotive and aerospace industries and presence of major players investing in advanced composite technologies.

-Technological advancements like resin transfer molding reduce manufacturing costs, and government policies such as carbon-neutral initiatives in the EU boost demand.

Market Segmentation Analysis:

-By Type

Carbon Fiber Composites dominate the market with approximately 66% revenue share in 2024, driven by their exceptional strength-to-weight ratio, stiffness, and durability, widely used in aerospace, automotive, and sports equipment.

Aramid Fiber Composites hold about 15%, appreciated for impact resistance and toughness, primarily used in military, aerospace, and protective equipment.

S-Glass Fiber Composites account for roughly 9%, favored for higher strength than E-glass and thermal resistance, used in aerospace and industrial sectors.

Other Fiber Composites (including basalt, natural fibers) comprise the rest, gaining interest for sustainability and niche applications.

-By Resin Type

Polyamide (PA) resins are witnessing growing adoption due to high mechanical performance and chemical resistance.

Polyurethane (PU) and Polypropylene (PP) resins are valued for flexibility and lightweight properties, used in automotive and construction.

Polyethylene (PE), Acrylonitrile-butadiene-styrene copolymer (ABS), Polyvinyl Chloride (PVC), and Polycarbonate (PC) follow in usage, offering varied benefits for specific performance needs.

Other specialty resins comprise a minor but growing segment targeting advanced applications.

-By Process

Injection Molding is widely used for mass production of composite parts with complex geometries, accounting for a major share.

Filament Winding is preferred for cylindrical components such as pipes and tanks, providing high strength-to-weight ratios.

Pultrusion is utilized for manufacturing continuous composite profiles with uniform cross-section like beams and rods.

Other processes include resin transfer molding, compression molding, and additive manufacturing, gaining prominence due to customization and efficiency.

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Report Highlights:
69 Tables
78 Figures
201 Pages of Analysis

Regional Insights:

United States

-The U.S. advanced composites market was valued at approximately USD 11.47 billion in 2024.

-It is expected to grow at a CAGR of 10.81% from 2025 to 2034, reaching around USD 32.06 billion by 2034.

-Major growth drivers include demand from automotive (especially lightweight materials for fuel efficiency), aerospace, and defense sectors.

-The presence of leading aerospace companies like Boeing and Lockheed Martin, along with advanced manufacturing facilities, supports market expansion.

-Increasing defense spending fuels the need for advanced composites in military aircraft, naval vessels, and other applications.

Europe

-Europe's advanced composites market accounted for approximately 33.4% of revenue share in 2023, dominated by Germany with the largest market share.

-The market is expected to grow significantly driven by the expansion of wind energy production, aerospace & defense industry growth, and automotive manufacturing.

-Germany, the UK, Spain, and France are key countries, with the UK projected to grow at the fastest CAGR of 9.1% driven by demand in aerospace, marine, and industrial applications.

Asia-Pacific

-Asia-Pacific market growth is fueled by increasing aerospace production, automotive manufacturing, sports equipment, and construction using advanced composites.

-Major markets include China, Japan, and South Korea where investments in lightweight materials and green composites are increasing.

-Adoption of high-performance composites is boosted by government incentives for innovation and sustainable technologies.

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Competitive Landscape:

According to DataM Intelligence, the Advanced Composites Market is moderately consolidated, with top global chemical and material manufacturers investing significantly in R&D to develop lightweight, high-strength composites catering to aerospace, automotive, wind energy, and construction sectors.

Key Players
Covestro AG | DuPont | BASF SE | DSM | Rhodia | SABIC | LANXESS | Teijin Ltd | Celanese Corporation | Toray Industries | Meyer Corporation

Key Highlights (Top 5 Key Players)

-Covestro AG holds approximately 14-16% market share, driven by advanced polymer innovations and sustainable composite materials targeting automotive lightweighting and renewable energy industries.

-DuPont commands around 12-14% share, leveraging its expertise in high-performance fibers like Kevlar and composite resins, with ongoing investments in carbon fiber technologies.

-BASF SE maintains about 11-13% market share, offering a comprehensive portfolio of thermoplastics and specialty resins tailored for aerospace and industrial applications.

-DSM is recognized with approximately 9-11% share, focusing on bio-based composites and expanding production capacity to meet growing demand for eco-friendly materials.

-SABIC holds near 7-9% market share, strengthening its position through joint ventures and strategic alliances to expand composite solutions for automotive and electronics sectors.

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