The Market Reports

Synopsis
The global market for Composite Materials was estimated to be worth US$ 103084 million in 2024 and is forecast to a readjusted size of US$ 179701 million by 2031 with a CAGR of 8.1% during the forecast period 2025-2031.
Composite materials are engineered materials composed of two or more distinct components that have significantly different physical or chemical properties that remain independent at a macroscopic level. Composites are designed to optimize specific properties for specific applications, such as high strength-to-weight ratios, stiffness, corrosion resistance, wear resistance, and thermal stability. Because they can tailor performance characteristics to their intended use, they are used in a wide range of industries, including aerospace, automotive, construction, sports equipment, and electronics.
Composite materials, as a new type of material composed of two or more materials of different properties through physical or chemical methods, have shown great market potential in multiple industrial fields due to their unique performance advantages.
In the field of aerospace, with the increasingly urgent demand for lightweight aircraft, the application of composite materials has become more and more extensive. Its light weight and high strength characteristics help to reduce the weight of aircraft, improve fuel efficiency, reduce operating costs, and enhance the structural strength and safety of aircraft. More and more key parts such as fuselage, wings, and engine components are made of composite materials. For example, China's aerospace composite material market accounts for a high proportion of the overall composite material market and is growing rapidly. Many domestically produced new aircraft models continue to increase the proportion of composite materials. In the future, with the continuous advancement of aviation technology, the global aerospace industry's demand for composite materials will continue to rise.
The automotive industry also favors composite materials. In order to meet the requirements of energy conservation and emission reduction and improve vehicle performance, automobile manufacturers are actively exploring the application of composite materials in automobile manufacturing. Composite materials are used to manufacture automobile bodies, parts, etc., which can significantly reduce the weight of the body, thereby reducing energy consumption and increasing the driving range. Especially for new energy vehicles, it can effectively improve the efficiency of battery use. In addition, the good design flexibility of composite materials can make the appearance of automobiles more diverse, enhance the corrosion resistance of parts and components, and extend the service life of automobiles.
In the field of energy, taking the wind power industry as an example, the blades of wind turbines are increasingly made of composite materials. Large, efficient wind turbines require longer, lighter and stronger blades to capture more wind energy. Composite materials just meet these needs, which can improve wind power conversion efficiency and reduce power generation costs. In the field of solar energy, composite materials can also be used to manufacture components such as brackets for solar panels, giving full play to their lightweight and durable characteristics.
In the electrical and electronic industry, composite materials are widely used in electronic equipment housings, printed circuit boards and other components because of their good insulation properties, electromagnetic shielding properties and dimensional stability. It can effectively protect internal electronic components, improve the stability and reliability of equipment, and meet the development trend of miniaturization and lightweight of electronic equipment.
With the continuous advancement of science and technology, increasingly stringent environmental protection requirements and the continuous pursuit of product performance improvement in various industries, the market potential of composite materials in various industrial application fields will continue to be explored and released, and its application scope will continue to expand, occupying an increasingly important position in future industrial development.
This report aims to provide a comprehensive presentation of the global market for Composite Materials, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Composite Materials by region & country, by Type, and by Application.
The Composite Materials market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Composite Materials.
Market Segmentation
By Company
Owens Corning
Toray
Covestro AG
BASF
Hexcel
DuPont
Syensqo
Avient
Lanxess
GE Aviation
Celanese
Rolls-Royce Group
LG Chemical
Safran
SGL Carbon
Schunk
Sinomatech
CoorsTek
SQ Group
China Jushi Co., Ltd.
GRINM GROUP
Kingfa
Nippon Carbon
Segment by Type
Polymer Matrix Composite
Metal Matrix Composite
Inorganic Non-Metallic Matrix Composite
Segment by Application
Aerospace & Defense
Wind Energy
Automotive
Electrical & Electronics
Marine
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Composite Materials company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Composite Materials in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Composite Materials in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index