Composite materials market seen rising to $17.53 billion by 2030

The Business Research Company says the global composite materials market is on track to grow from $12.26 billion in 2026 to $17.53 billion by 2030, fueled by aerospace, automotive, wind energy and construction demand. North America led the market in 2025, while Asia-Pacific is expected to post the fastest growth.

Why it matters: - Composite materials are gaining share in industries that want lighter, stronger and more durable materials. - The market’s growth points to rising demand in aerospace, electric vehicles, renewable energy and infrastructure. - The shift could reshape manufacturing toward more automated composite production and higher use of advanced fibers and resins.

What happened: - The Business Research Company released its Global Market Report 2026 on composite materials on Oct. 1, 2026. - The report puts the market at $11.24 billion in 2025 and $12.26 billion in 2026. - The report forecasts the market will reach $17.53 billion by 2030. - The report also projects a 9.1% CAGR in 2026 and a 9.3% CAGR through 2030. - The company published a free sample of the report here. - The full report is available here.

The details: - Composite materials combine two or more distinct components, such as fibers and resins, to create materials with better physical and chemical properties than the individual inputs. - The materials are used for their high strength-to-weight ratio, durability, corrosion resistance and design flexibility. - Growth drivers in the report include more aerospace composite applications, higher demand for lightweight automotive materials, growing wind energy installations, wider use of glass fiber composites in construction and improvements in polymer matrix composites. - The forecast period is supported by higher adoption of carbon fiber composites in mobility, increased electric vehicle production, demand for sustainable composite materials, aerospace modernization programs and more automated composite manufacturing. - In aerospace and defense, lighter materials help reduce aircraft mass while preserving strength and safety. - Airbus SE said in January 2023 that its A350 contains around 70% advanced materials, which helps deliver the lowest operating weight per seat and up to 25% savings in fuel consumption and operating costs in the upper widebody segment. - North America held the largest market share in 2025. - Asia-Pacific is expected to be the fastest-growing region during the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa.

Between the lines: - The market outlook suggests composites are moving from niche applications into broader industrial use where weight reduction and efficiency matter most. - Aerospace remains a key proof point, but electric vehicles and construction appear to be widening the market base. - The emphasis on automated manufacturing and sustainability suggests buyers are looking beyond performance alone.

What's next: - The company says its 2026 report edition adds market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, and updated technology and trend analysis. - Continued demand from mobility, aerospace and clean energy sectors is likely to keep composites on a strong growth path through 2030. - Regional competition may intensify as Asia-Pacific industrial expansion and EV growth accelerate.