Advanced Composites Market to Grow with a CAGR of 3,89% through 2030

Growing demand for advanced composites in the transportation and electronics industries are factors driving the Global Advanced Composites Market in the forecast period 2026-2030.

 According to TechSci Research report, “Advanced Composites Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030,” the Global Advanced Composites Market was valued at USD 34.23 billion in 2024 and is expected to reach USD 42.74 billion by 2030 with a CAGR of 3.89%. Government initiatives have played a crucial role in fostering growth and innovation in the global advanced composites market. These strategic efforts have helped create a favorable environment for research, development, and commercialization of high-performance composite materials, which are essential in meeting the evolving demands of various industries. One notable initiative is the NASA Advanced Composites Consortium (ACC), a collaborative public-private partnership focused on strengthening the United States’ leadership in aircraft manufacturing. The ACC brings together industry leaders, research institutions, and government agencies to accelerate the development and certification of advanced composite materials for use in next-generation aircraft. This initiative is instrumental in improving manufacturing processes, reducing time to market, and enhancing the performance of aerospace components.

Another major initiative is the Materials Genome Initiative (MGI), a federal multi-agency effort aimed at expediting the discovery and deployment of new materials. The MGI supports the development of advanced composites by integrating computational tools, experimental techniques, and digital data to optimize material design and performance. By focusing on long-term innovation, the MGI ensures that advanced composites are not only suited for current industrial applications but are also capable of addressing future national and global needs. The most promising segments within the advanced composites market is ceramic matrix composites (CMCs). These materials offer superior properties such as high temperature resistance, excellent strength-to-weight ratio, and corrosion resistance, making them ideal for use in demanding environments. The aerospace industry, in particular, has embraced CMCs for aircraft engine components and structural parts, where performance and weight reduction are critical.

Apart from the aerospace industry, CMCs are also gaining traction in the automotive sector, especially in the production of high-performance sports cars and fuel-efficient vehicles. The push for lighter, more energy-efficient transportation has increased the demand for CMC-based solutions. To meet this demand, manufacturers are investing heavily in R&D to develop next-generation CMC technologies. These efforts aim to improve material properties, reduce production cycle times, and lower overall manufacturing costs. Innovations in fabrication techniques, such as additive manufacturing and automated fiber placement, are also contributing to more efficient and scalable production.

As industries increasingly prioritize sustainability, performance, and efficiency, the demand for advanced composites, particularly ceramic matrix composites, is set to rise. Supported by robust government initiatives and continuous innovation, the global advanced composites market is well-positioned for sustained long-term growth.

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The Global Advanced Composites Market is segmented into fiber type, manufacturing process, end user, regional distribution, and company

Based on the category of fiber type, the carbon fiber composite segment emerged as the fastest growing segment in the global market for Advanced Composites in 2024. One of the major driving factors for market growth in the carbon industry is the expanding scope of its application in the manufacturing of wind turbines and aerospace components. Carbon materials are anticipated to witness the fastest growth in the next eight years, primarily due to their increasing adoption in the aerospace industry. The rising demand for lightweight and fuel-efficient airplanes is expected to be the key driver for the increased usage of advanced carbon materials. This trend is driven by the industry's focus on reducing emissions and enhancing overall efficiency in the aerospace sector. As a result, the market for carbon materials is poised for significant growth, offering lucrative opportunities for players in the industry.

Based on region, the Asia-Pacific market is projected to witness the fastest growth rate in the Global Advanced Composites Market during the forecast period. This growth is driven by increasing industrialization, rapid infrastructure development, and expanding automotive, aerospace, and electronics sectors across countries like China, India, Japan, and South Korea. Also, the rising investments in renewable energy, defense, and transportation, coupled with favorable government policies supporting advanced materials innovation, are accelerating demand for lightweight, durable, and high-performance composites. Hence, the Asia-Pacific region is emerging as a key hub for both the production and consumption of advanced composites globally.

Major companies operating in Global Advanced Composites Market are:

• Toray Industries, Inc.
• Koninklijke Ten Cate NV
• Teijin Limited
• Hexcel Corporation
• SGL Carbon Corp
• Cytec Industries Inc
• Owens Corning
• E. I. Dupont De Nemours and Company
• Huntsman Corporation
• Momentive Performance Materials Inc.

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“The expanding application of advanced composites across a wide range of end-use industries is a key driver of growth in the global advanced composites market. The market is further bolstered by a highly competitive landscape and the strong presence of well-established companies that are consistently investing in enhancing their production capabilities. These industry leaders are focused on improving performance, efficiency, and innovation in advanced composite materials. As a result, the market is expected to witness significant growth during the forecast period, driven by continuous technological advancements and increasing demand across sectors such as aerospace, automotive, energy, and electronics,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Advanced Composites Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Fiber Type (S-Glass Composite, Aramid Fiber Composite, Carbon Fiber Composite, Others), By Manufacturing Process (Hand Lay Process, Injection Molding, Compression Molding, Pultrusion, Others), By End User (Transportation, Aerospace, Electricals & Electronics, Others), By Region and Competition 2020-2030”, has evaluated the future growth potential of Global Advanced Composites Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Advanced Composites Market.

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