Advanced Composite Materials Market Size, Share, Trends, Growth Outlook

The global Advanced Composite Materials Market is poised to register a 8.9% CAGR from $36.5 Billion in 2024 to $60.9 Billion in 2030.

The global Advanced Composite Materials Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Composite (Ceramic Matrix Composites (CMCs), Metal Matrix Composites (MMCs), Polymer Matrix Composites (PMCs), Core Materials), By Fiber (Aramid Fiber, Glass Fiber, Carbon Fiber), By End-User (Aerospace and Defense, Wind Energy, Transportation, Marine, Consumer Goods, Others)

An Introduction to Global Advanced Composite Materials Market in 2024

Advanced Composite Materials refer to high-performance materials composed of two or more constituents, such as fibers, resins, ceramics, metals, or polymers, combined at the microscopic level to create composite structures with superior mechanical, thermal, electrical, and chemical properties compared to conventional materials. These materials find extensive applications in aerospace, automotive, marine, wind energy, construction, sports equipment, electronics, defense, and healthcare industries due to their lightweight design, high strength-to-weight ratio, corrosion resistance, durability, and design flexibility. The Advanced Composite Materials market is growing rapidly with the increasing demand for lightweight materials, fuel-efficient vehicles, renewable energy systems, infrastructure development, and technological advancements in composite manufacturing processes, including additive manufacturing, automated production, and sustainable composites. With ongoing research in nanotechnology, bio-based composites, and multifunctional materials, Advanced Composite Materials offer innovative solutions for complex engineering challenges, product performance optimization, and sustainability goals across various sectors.

Advanced Composite Materials Market Competitive Landscape

The market report analyses the leading companies in the industry including 3B - the fibreglass company, Dow Inc, Henkel AG & Co. KGaA, Hexcel Corp, Hyosung Advanced Materials, Kolon Industries Inc, Mitsubishi Chemical Carbon Fiber and Composites Inc, Owens Corning, SGL Carbon SE, Solvay SA, Teijin Ltd, Toray Industries Inc, Yantai Tayho Advanced Materials Co. Ltd.

Advanced Composite Materials Market Dynamics

Advanced Composite Materials Market Trend: Increasing Adoption of Lightweight and High-Performance Materials in Aerospace and Automotive Industries

The most prominent trend in the advanced composite materials market is the increasing adoption of lightweight and high-performance materials, particularly in the aerospace and automotive industries. As industries strive to reduce weight, enhance fuel efficiency, improve performance, and meet sustainability goals, there is a growing demand for advanced composite materials such as carbon fiber composites, fiberglass, aramid fibers, and ceramic matrix composites. This trend includes the development of innovative composite materials with superior strength-to-weight ratios, thermal properties, corrosion resistance, and structural integrity, driving market growth in the advanced materials sector.

Advanced Composite Materials Market Driver: Stringent Regulations, Fuel Efficiency Standards, and Environmental Concerns

A significant driver for the advanced composite materials market is the implementation of stringent regulations, fuel efficiency standards, and environmental concerns across various industries. Aerospace manufacturers, automotive OEMs, renewable energy companies, and infrastructure projects face pressure to reduce carbon emissions, improve energy efficiency, and enhance product performance. Factors such as emission reduction targets, fuel economy regulations, renewable energy mandates, and sustainability initiatives drive the demand for advanced composite materials, supporting market expansion and technological advancements in composite manufacturing processes.

Advanced Composite Materials Market Opportunity: Expansion into Renewable Energy, Construction, and Marine Applications

One Market Opportunity in the advanced composite materials market lies in expanding into renewable energy, construction, and marine applications. Advanced composite materials offer benefits such as durability, corrosion resistance, design flexibility, and fatigue strength, making them suitable for wind turbine blades, solar panel structures, building facades, bridges, marine vessels, and offshore platforms. Collaborating with renewable energy developers, construction firms, and marine industries presents opportunities to diversify market applications, develop specialized composite solutions for specific sectors, and capitalize on the growing demand for sustainable materials in infrastructure and energy projects. Capitalizing on this opportunity involves product innovation, industry partnerships, regulatory compliance, and market education on the benefits of advanced composite materials in renewable energy, construction, and marine applications.

Advanced Composite Materials Market Share Analysis: Polymer Matrix Composites is the largest segment in 2023

The Polymer Matrix Composites (PMCs) segment's dominance is driven by the widespread use of polymer matrix composites in various industries such as aerospace, automotive, construction, marine, and sports equipment. PMCs offer a balance of lightweight properties, strength, durability, and cost-effectiveness, making them suitable for a wide range of applications. Additionally, continuous advancements in polymer chemistry and manufacturing technologies have led to the development of high-performance PMCs with enhanced mechanical properties, fire resistance, and environmental sustainability, further driving their popularity and dominance in the advanced composite materials market.

Advanced Composite Materials Market Share Analysis: Carbon Fiber is the fastest growing segment over the forecast period to 2030

Carbon fiber market growth is fueled by several factors, including the increasing demand for lightweight and high-strength materials in industries such as aerospace, automotive, wind energy, sports equipment, and construction. Carbon fiber composites offer exceptional strength-to-weight ratio, stiffness, corrosion resistance, and fatigue resistance, making them ideal for applications requiring performance optimization and fuel efficiency. Additionally, continuous advancements in carbon fiber manufacturing processes, such as improved resin systems and automated production techniques, contribute to the rapid growth of carbon fiber composites as the preferred choice in the advanced composite materials market.

The US Advanced Composite Materials Market Size Outlook to 2030

The US Advanced Composite Materials market is witnessing robust growth driven by the aerospace, automotive, construction, and renewable energy sectors. Advanced composites offer superior strength-to-weight ratios, corrosion resistance, durability, and design flexibility, making them ideal for lightweight and high-performance applications. With increasing demand for fuel-efficient vehicles, sustainable infrastructure solutions, and renewable energy technologies, advanced composites such as carbon fiber-reinforced polymers (CFRP) and fiberglass composites play a pivotal role in driving innovation, efficiency, and environmental sustainability across various industries in the United States.

Advanced Composite Materials Market Scope-

By Composite
Ceramic Matrix Composites (CMCs)
Metal Matrix Composites (MMCs)
Polymer Matrix Composites (PMCs)
Core Materials
By Fiber
Aramid Fiber
Glass Fiber
Carbon Fiber
By End-User
Aerospace and Defense
Wind Energy
Transportation
Marine
Consumer Goods
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Advanced Composite Materials Market Companies Profiled

3B - the fibreglass company
Dow Inc
Henkel AG & Co. KGaA
Hexcel Corp
Hyosung Advanced Materials
Kolon Industries Inc
Mitsubishi Chemical Carbon Fiber and Composites Inc
Owens Corning
SGL Carbon SE
Solvay SA
Teijin Ltd
Toray Industries Inc
Yantai Tayho Advanced Materials Co. Ltd
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Advanced Composite Materials Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Advanced Composite Materials Market Size Outlook, $ Million, 2021 to 2030
3.2 Advanced Composite Materials Market Outlook by Type, $ Million, 2021 to 2030
3.3 Advanced Composite Materials Market Outlook by Product, $ Million, 2021 to 2030
3.4 Advanced Composite Materials Market Outlook by Application, $ Million, 2021 to 2030
3.5 Advanced Composite Materials Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Advanced Composite Materials Industry
4.2 Key Market Trends in Advanced Composite Materials Industry
4.3 Potential Opportunities in Advanced Composite Materials Industry
4.4 Key Challenges in Advanced Composite Materials Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Advanced Composite Materials Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Advanced Composite Materials Market Outlook by Segments
7.1 Advanced Composite Materials Market Outlook by Segments, $ Million, 2021- 2030
By Composite
Ceramic Matrix Composites (CMCs)
Metal Matrix Composites (MMCs)
Polymer Matrix Composites (PMCs)
Core Materials
By Fiber
Aramid Fiber
Glass Fiber
Carbon Fiber
By End-User
Aerospace and Defense
Wind Energy
Transportation
Marine
Consumer Goods
Others

8 North America Advanced Composite Materials Market Analysis and Outlook To 2030
8.1 Introduction to North America Advanced Composite Materials Markets in 2024
8.2 North America Advanced Composite Materials Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Advanced Composite Materials Market size Outlook by Segments, 2021-2030
By Composite
Ceramic Matrix Composites (CMCs)
Metal Matrix Composites (MMCs)
Polymer Matrix Composites (PMCs)
Core Materials
By Fiber
Aramid Fiber
Glass Fiber
Carbon Fiber
By End-User
Aerospace and Defense
Wind Energy
Transportation
Marine
Consumer Goods
Others

9 Europe Advanced Composite Materials Market Analysis and Outlook To 2030
9.1 Introduction to Europe Advanced Composite Materials Markets in 2024
9.2 Europe Advanced Composite Materials Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Advanced Composite Materials Market Size Outlook by Segments, 2021-2030
By Composite
Ceramic Matrix Composites (CMCs)
Metal Matrix Composites (MMCs)
Polymer Matrix Composites (PMCs)
Core Materials
By Fiber
Aramid Fiber
Glass Fiber
Carbon Fiber
By End-User
Aerospace and Defense
Wind Energy
Transportation
Marine
Consumer Goods
Others

10 Asia Pacific Advanced Composite Materials Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Advanced Composite Materials Markets in 2024
10.2 Asia Pacific Advanced Composite Materials Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Advanced Composite Materials Market size Outlook by Segments, 2021-2030
By Composite
Ceramic Matrix Composites (CMCs)
Metal Matrix Composites (MMCs)
Polymer Matrix Composites (PMCs)
Core Materials
By Fiber
Aramid Fiber
Glass Fiber
Carbon Fiber
By End-User
Aerospace and Defense
Wind Energy
Transportation
Marine
Consumer Goods
Others

11 South America Advanced Composite Materials Market Analysis and Outlook To 2030
11.1 Introduction to South America Advanced Composite Materials Markets in 2024
11.2 South America Advanced Composite Materials Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Advanced Composite Materials Market size Outlook by Segments, 2021-2030
By Composite
Ceramic Matrix Composites (CMCs)
Metal Matrix Composites (MMCs)
Polymer Matrix Composites (PMCs)
Core Materials
By Fiber
Aramid Fiber
Glass Fiber
Carbon Fiber
By End-User
Aerospace and Defense
Wind Energy
Transportation
Marine
Consumer Goods
Others

12 Middle East and Africa Advanced Composite Materials Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Advanced Composite Materials Markets in 2024
12.2 Middle East and Africa Advanced Composite Materials Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Advanced Composite Materials Market size Outlook by Segments, 2021-2030
By Composite
Ceramic Matrix Composites (CMCs)
Metal Matrix Composites (MMCs)
Polymer Matrix Composites (PMCs)
Core Materials
By Fiber
Aramid Fiber
Glass Fiber
Carbon Fiber
By End-User
Aerospace and Defense
Wind Energy
Transportation
Marine
Consumer Goods
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
3B - the fibreglass company
Dow Inc
Henkel AG & Co. KGaA
Hexcel Corp
Hyosung Advanced Materials
Kolon Industries Inc
Mitsubishi Chemical Carbon Fiber and Composites Inc
Owens Corning
SGL Carbon SE
Solvay SA
Teijin Ltd
Toray Industries Inc
Yantai Tayho Advanced Materials Co. Ltd

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Composite
Ceramic Matrix Composites (CMCs)
Metal Matrix Composites (MMCs)
Polymer Matrix Composites (PMCs)
Core Materials
By Fiber
Aramid Fiber
Glass Fiber
Carbon Fiber
By End-User
Aerospace and Defense
Wind Energy
Transportation
Marine
Consumer Goods
Others