Press release
Global Advanced Composites Market to reach US$ 78.8 billion by 2031, growing with a CAGR of 10.6% | Market Size, Share, Industry, Forecast and outlook (2024-2031) | Key Players:- Covestro AG, DuPont, BASF SE.
Advanced Composites
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United States: Key Industry Developments:-
✅ December 2025: Toray Advanced Composites expanded U.S. production facilities in Tacoma, Washington, to boost carbon fiber output for aerospace, supporting Boeing's lightweighting initiatives amid rising demand for fuel-efficient aircraft components.
✅ October 2025: Hexcel Corporation launched HexTow IM9 24K carbon fiber for high-performance applications in electric vehicles and wind energy, enhancing tensile strength by 15% for automotive structural parts.
✅ August 2025: Solvay introduced a new bio-based epoxy resin line for advanced composites in renewable energy sectors, targeting wind turbine blades with improved recyclability and reduced carbon footprint.
Japan: Key Industry Developments:-
✅ November 2025: Toray Industries unveiled Torayca T1200G carbon fiber series upgrades for space applications, integrated into Mitsubishi Heavy Industries' satellite structures for enhanced rigidity and thermal stability.
✅ September 2025: Mitsubishi Chemical launched a thermoplastic composite prepreg for automotive battery enclosures, partnering with Toyota to cut EV weight by 20% while maintaining crash safety standards.
✅ June 2025: Teijin Limited introduced Tenax PW carbon fiber for pressure vessels in hydrogen storage, aligning with Japan's green energy push and offering superior fatigue resistance for industrial scaling.
2025 M&A Activity:-
April 2025: Toray Industries completed the acquisition of a European thermoplastic composites specialist, strengthening its advanced materials portfolio for aerospace and automotive lightweight applications, while expanding its manufacturing footprint across the EU (Q2 2025).
March 2025: Hexcel Corporation acquired a U.S.-based composite prepreg and resin systems company, enhancing its vertical integration and accelerating development of high-temperature composites for aerospace and defense programs (Q1 2025).
February 2025: Solvay SA divested a portion of its advanced composites business to a private equity consortium, enabling focused investment in specialty thermoplastic composites for electric vehicles and industrial applications (Q1 2025).
Growth Forecast Projection:-
The Advanced Composites Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:-
Both primary and secondary data sources have been used in the Advanced Composites Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Factors driving this growth include increasing demand from various industries and a growing focus on developing sustainable composites using bio-based materials, recycled fibers, and environmentally friendly manufacturing processes.
North America is among the growing regions for advanced composites covering 1/4th share in 2024 globally. The U.S. in the area covers the major share due to robust aerospace and defense equipment manufacturing bases. Furthermore, Globally region's expanding wind turbine installations are anticipated to contribute to developing the market.
The advanced composites market is highly competitive, with several key players, including Toray Industries, Teijin Limited, Hexcel Corporation, Solvay SA, Mitsubishi Chemical Holdings Corporation, and SGL Carbon SE. These companies invest in research and development, product innovations, and strategic collaborations to maintain their market position.
Advanced Composites Market Major Players
The major global players include Covestro AG, DuPont, BASF SE, DSM, Rhodia, SABIC, LANXESS, Teijin Ltd, Celanese Corporation, Toray Industries and Meyer Corporation.
Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Market segmentation-
By Type - Carbon Fiber Composites, Aramid Fiber Composites, S-Glass Fiber Composites, Other Fiber Composites
By Resin Type - Polyamide, Polyurethane, Polypropylene, Polyethylene, Acrylonitrile-butadiene-styrene copolymer (ABS), Polyvinyl Chloride, Polycarbonate, Others
By Process -Injection Molding, Filament Winding, Pultrusion, Others
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FAQ's-
1. What is the Projected CAGR value of the Advanced Composites Market?
The Advanced Composites Market is expected to grow at a high CAGR of 10.6% during the forecasting period 2024-2031.
2. Which region controlled the global market during 2024-2031?
North American region Controls the Advanced Composites Market during 2024-2031.
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