Composite materials is available in several forms and can be used in numerous end-user industries such as healthcare, power generation, construction, transportation, electronics and electrical, industrial, aerospace and defense, marine, and others. Furthermore, composite materials consumption and sales depend on numerous factors, such as ongoing trends. The "glass fiber" composite materials are the highest-growing fiber type segment because of its excellent properties such as moisture, durability, flexibility, strength, and many others during the forecast period.
Frequently Asked Questions
The market is segmented based on Segmentation, By Resin (Thermoset Resin and Thermoplastic Resin), Fiber Type (Glass Fiber, Carbon Fiber, Aramid Fiber, and Others), Coatings (Gel Coat and Surface Veil), Adhesives (Epoxies, Bismaleimide, Cyanate Ester, Modified Acrylics, Polyurethanes, and Silicones), End-user Industry (Construction, Transportation, Electronics & Electrical, Healthcare, Power Generation, Industrial, Aerospace & Defense, Marine, and Others) – Industry Trends and Forecast to 2032
.
The Global Composite Materials Market size was valued at USD 89.81 USD Billion in 2024.
The Global Composite Materials Market is projected to grow at a CAGR of 6.1% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
