Composites Market is estimated to reach US$ 204.50 million by 2031 | Top companies - Owens Corning, Toray Industries Inc., Solvay SA, Teijin Limited

Market Size and Growth:

The Global Composites Market size was worth US$ 108.64 billion in 2023 and is estimated to reach US$ 204.50 million by 2031, growing at a CAGR of 8.23% during the forecast period (2024-2031).

The Composites Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Composites Market refers to the global industry involved in the production, distribution, and application of composite materials engineered combinations of two or more distinct materials that deliver superior strength, durability, and lightweight properties. These materials are widely used across aerospace, automotive, construction, and marine sectors, driven by demand for high-performance, cost-effective, and sustainable solutions in modern engineering and manufacturing.

Recent Key Developments of United States:

✅ December 2025: Mitsubishi Chemical Group announced advancements in recyclable epoxy resin systems tailored for automotive composites, enhancing sustainability efforts amid stricter emission standards. This development supports light weighting for electric vehicles, aligning with net-zero goals. The US composites sector saw related growth in transportation applications.​

✅ November 2025: The US composites industry reported a sluggish recovery with uneven performance across sectors, particularly in aviation and advanced air mobility, influenced by supply chain issues and policy shifts under President Trump. New orders in transportation equipment rose significantly, excluding defense impacts. This reflects broader market turbulence in the first half of 2025 extending into late year.​

✅ October 2025: Investments in carbon fiber technology gained momentum, driven by aerospace and automotive demands for high-performance materials. Government-supported research programs boosted adoption in sustainable composites. The market showed resilience despite global challenges.​

Recent Key Developments of Japan:

✅ December 2025: Mitsubishi Chemical Group developed a recyclable epoxy resin system for composites, focusing on automotive and infrastructure uses to meet Japan's aging infrastructure needs. This innovation emphasizes eco-friendly solutions with superior mechanical properties.​

✅ September 2025: A Japanese construction firm deployed epoxy-based carbon fiber strands to reinforce a highway bridge, extending infrastructure lifespan without heavy materials. This retrofit addresses post-war maintenance challenges and promotes lightweight composites in civil engineering.​

✅ October 2025: The Japan composites market analysis highlighted steady growth projections to USD 7,826 million by 2033, fueled by automotive and aerospace sectors. Emphasis on high-performance materials like glass fiber reinforced adoption in key regions such as Chubu and Kansai.​

List of the Key Players in the Composites Market:

Owens Corning
Toray Industries Inc.
Solvay SA
Teijin Limited
SGL Carbon SE
Hexcel Corporation
Nippon Electric Glass Co. Ltd.
Huntsman International LLC
Hexion
Gurit Holding AG.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Composites Market:

By Fiber: Glass Fiber, Carbon Fiber, Natural Fiber, Others.

By Resin: Thermoset, Thermoplastic.

By End-User: Aerospace & Defense, Automotive & Transportation, Construction & Infrastructure, Pipes & Tanks, Electrical & Electronics, Others.

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)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Composites market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Composites Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Composites market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Composites Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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