Advanced Composites Market Size, Share, and Industry Analysis By Resin Type (Thermoset and Thermoplastic), By Product Type (Aramid Fiber, Carbon Fiber, Glass Fiber, and Others), By Application (Aerospace & Defense, Automotive, Wind Energy, Sporting Goods, and Others), and Regional Forecast, 2026-2034

The global advanced composites market size was valued at USD 45.72 billion in 2025. The market is projected to grow from USD 50.04 billion in 2026 to USD 102.92 billion by 2034, exhibiting a CAGR of 9.43% during the forecast period.

The global advanced composites market is projected to develop significantly attributable to rising demand for aircraft manufacturing sectors and escalating demand for eco-friendly material. Advanced composite is an engineered material. It is made through mixing two or more constituent materials that have different chemical and well as physical properties. These substances possess various properties including high strength-to-weight ratio, designing flexibility and corrosion resistance. These materials have the ability to tailor for specific applications and are employed in several sectors due to its diverse qualities.

• According to the U.S. Department of Energy (DOE), about 15 innovation projects on advanced composites funded by DOE in the U.S.

Advanced Composites Market Driver

Rising Demand from Various Countries and Technological Advancement Boosts Market Growth

One of the key growing factors for market progress is growing demand for the products from several fields. Diverse sectors, for instance automobile, aviation, construction and other industries are heightening demand for the materials. They are necessitating high-performance and lightweight composites that help in enhancing fuel efficiency and decreasing emissions.

• According to the European Commission (EC), about 18 R&D centers were funded for sustainable composites study in the EU.

Furthermore, implementing advanced manufacturing methods is fostering market growth. These modern procedures include automated fiber placement, resin transfer molding, and AFP/ATL. These techniques are allowing sociability and reducing cycle times of the procedures. In addition, rising inclination towards sustainability worldwide is propelling market growth. It emphasizes on adoption of recyclable thermoplastics and utilization of ecological composites that comply with environmental regulations is pushing demand for the products.

Advanced Composites Market Restraint

High Initial investment and Complex Manufacturing and Inspection Impede Market Growth

The off-putting factor for market hindrance is raising the requirement of huge amounts for making composites. These substances are made from raw materials which are of premium quality and expensive. The reliance on costly equipment for manufacturing of the substance is discouraging small-scale clients from adoption of the solution.

Furthermore, the multifaceted manufacturing process of the compound is hindering market growth. It requires specialized processing and skilled inspection for repairing with respect to metal. The shortage of the expertise and knowledge is posing a barrier in market expansion. In addition, economic instability is causing issues in making the substance. This uncertain financial stability is impacting on investment in R&D as well as production capacity, as a result hindering market growth.

Advanced Composites Market Opportunity

Demand for Renewable Energy and Rising Demand from Electric Vehicles Create Opportunity for Market Growth

One of the most significant opportunities for market growth is the booming renewable energy across the world. These energy systems are supporting large-scale wind turbine production. Since, these systems require composite blades is amplifying demand for the product and impelling market growth. In addition, increasing shifting towards bio-based products such as eco-composites and recycling technology are fueling market growth. Growing adoption of sustainable as well as circular composite solutions sectors are providing avenues for manufacturers to expand their market presence in this field.

Furthermore, growing demand for EVs among the public is presenting great avenues for market growth. These vehicles are thrusting demand for the materials owing to their less weight. The aerospace next-gen jets are also requiring these composites, which are bolstering market growth. These new aircraft programs are also increasing various new applications.

• According to the Ministry of Economy, Trade, and Industry (METI) of Japan, approximately 34 kilotons of composites are produced annually in Japan.

Segmentation

Key Insights

The report covers the following key insights:

• Sustainability push and Rising Demand from Various Sectors by Key Countries
• Eco-composites and Recycling Technologies by Key Companies
• Drivers, Restraints, Trends, and Opportunities
• Business Strategies Adopted by Key Players
• Consolidated SWOT Analysis of Key Players
• Key Industry Developments (Mergers, Acquisitions, Partnerships)

Analysis by Resin Type

Based on resin type, the advanced composites market is divided into thermoset and thermoplastic.

The thermoset segment is dominating in the market, caused by their lightweight nature and high potency and it is apt for harsh weather and can be casted into complex shapes.

The thermoplastic segment is anticipated to grow in the market owing to the fast processing times and recyclability and its high efficiency and durability, which are useful for automobiles, construction, and other industries.

Analysis by Product Type

Based on product type, the advanced composites market is divided into aramid fiber, carbon fiber, glass fiber, and others.

The carbon fiber segment dominates in the market, driven by their extensive exploitation in aviation sectors. They offer high heat resistance and are extensively used in sporting equipment, pipes & tanks, and other sectors.

The glass fiber segment is expected to grow in the market due to its improved characteristics such as dimensional stability, high strength, moisture résistance, thermal conductivity, and others.

Analysis by Application

Based on application, the advanced composites market is divided into aerospace & Defense, automotive, wind energy, sporting goods, and others.

The aerospace & defense is the leading segment in this market, attributable to their rising requirement of better fuel efficiency and performance for developing aircraft and growing demand for lightweight materials.

The wind energy segment is projected to expand in the market attributed to rising requirement for the substance in making wind turbines and growing expansion of wind farms worldwide.

Regional Analysis

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Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America is the dominating region in this market, driven by intensifying exploitation of the substance in various sectors. Growing utilization of the benefits of the material in heavy aerospace R&D activities is pushing demand for the markets. In addition, imposition of stringent regulation by the government on fuel and emission norms is fostering market growth.

The Asia Pacific region is experiencing substantial growth in the market, caused by elevated production rate for the compound. Growing expansion of diverse sectors is amplifying demand for the substance. Additionally, increasing management support for adoption of the solutions is bolstering market growth.

Europe is expected to be the fastest growing region in this market attributable to the presence of top wind energy infrastructure. The existence of well-established aircraft making facilities and infrastructure is thrusting demand for the substance. Moreover, rising focus on sustainability is encouraging manufacturers to employ the matter, fueling market growth.

Key Players Covered

The report includes the profiles of the following key players:

• Toray Advanced Composites (U.S.)
• TEIJIN LIMITED (Japan)
• Hexcel Corporation (U.S.)
• Advanced Composites (U.S.)
• Present Advanced Composites Inc. (U.S.)
• Datum Advanced Composites Private Limited (India)
• Advanced Composite Materials, Inc. (U.S.)
• DuPont. (U.S.)
• HS HYOSUNG ADVANCED MATERIALS. (South Korea)
• Mitsubishi Chemical Carbon Fiber and Composites, Inc. (U.S.)

Key Industry Developments

• In March 2025, Airbus and Boeing increased the level of production up to 100 jets per month. They are employing thermoplastic composites and fast-curing methods to enhance speed and performance.
• In September 2024, Toray Advanced Composites introduced its newest innovation, the Toray Cetex® TC1130 PESU thermoplastic composite. They offered a high-performance thermoplastic composite to cater the growing requirement for lightweight and ecological substance and offering remarkable benefits to the aerospace industry.
• In June 2024, Biesterfeld and Scott Bader extended their collaboration in Finland. They aimed to enhance the distribution of the products, which are polyester resins, adhesives, and gelcoats.