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US Advanced Composites Market

ID: MRFR/CnM/11418-CR
100 Pages
Garvit Vyas
December 2023

US Advanced Composites Market Research Report Information by Resin Type {Advanced Thermosetting Resin (Epoxy, Acrylic, Phenolic, Polyurethane, Vinyl Ester, and Others), Advanced Thermoplastic Resin [Polyphenylene Sulfide (PPS), Polyetherimide (PEI), Polyetheretherketone (PEEK)], and Others}, Fiber Type (Carbon Fiber Composites, Aramid Fiber Composites, S-Glass Composites), Application (Aerospace & Defense, Wind Energy, Automotive, Sports Equipment, Consumer Goods, Construction, Medical), and Region - Market Forecast till 2035

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US Advanced Composites Market Summary

As per Market Research Future analysis, the US advanced composites market Size was estimated at 7.53 USD Billion in 2024. The US advanced composites market is projected to grow from 7.99 USD Billion in 2025 to 14.5 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.1% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US advanced composites market is poised for robust growth driven by sustainability and technological advancements.

  • Sustainability initiatives are increasingly shaping the development and application of advanced composites across various industries.
  • Technological advancements are enhancing the performance and manufacturing processes of advanced composites, making them more accessible.
  • The aerospace sector remains the largest segment, while the automotive applications segment is currently the fastest-growing.
  • Key market drivers include the growing demand in the aerospace sector and increased investment in renewable energy.

Market Size & Forecast

2024 Market Size 7.53 (USD Billion)
2035 Market Size 14.5 (USD Billion)
CAGR (2025 - 2035) 6.13%

Major Players

Hexcel Corporation (US), Toray Industries Inc. (JP), SGL Carbon SE (DE), Mitsubishi Chemical Corporation (JP), Teijin Limited (JP), Solvay SA (BE), BASF SE (DE), Cytec Industries Inc. (US), 3M Company (US)

US Advanced Composites Market Trends

The advanced composites market is currently experiencing a notable transformation, driven by a confluence of technological advancements and increasing demand across various sectors. Industries such as aerospace, automotive, and construction are increasingly adopting advanced composite materials due to their superior strength-to-weight ratios and enhanced durability. This shift is further propelled by the growing emphasis on sustainability, as manufacturers seek materials that not only improve performance but also reduce environmental impact. The integration of advanced composites into production processes appears to be a strategic move aimed at enhancing efficiency and reducing costs, which may lead to a more competitive landscape in the coming years. In addition, the regulatory environment is evolving, with government initiatives promoting the use of advanced materials in infrastructure projects. This trend suggests a potential increase in funding and support for research and development, which could further stimulate innovation within the advanced composites market. As industries continue to explore the benefits of these materials, the market is likely to witness a surge in applications, ranging from lightweight components in vehicles to robust structures in construction. Overall, the advanced composites market is poised for significant growth, driven by technological innovation and a commitment to sustainability.

Sustainability Initiatives

The advanced composites market is increasingly influenced by sustainability initiatives. Manufacturers are focusing on developing eco-friendly materials and processes that minimize environmental impact. This trend aligns with broader industry goals to reduce carbon footprints and enhance recyclability, which may attract environmentally conscious consumers and businesses.

Technological Advancements

Ongoing technological advancements are reshaping the advanced composites market. Innovations in manufacturing techniques, such as additive manufacturing and automated fiber placement, are enhancing production efficiency and material performance. These developments could lead to new applications and increased adoption across various sectors.

Regulatory Support

Regulatory support is playing a crucial role in the growth of the advanced composites market. Government policies promoting the use of advanced materials in infrastructure and transportation projects are likely to create new opportunities. This support may encourage investment in research and development, fostering innovation and expanding market reach.

Market Segment Insights

By Application: Aerospace (Largest) vs. Automotive (Fastest-Growing)

In the US advanced composites market, application segments such as Aerospace and Automotive dominate the landscape, with Aerospace holding the largest market share. The notable demand in aerospace applications is driven by the industry's ongoing need for lightweight materials that enhance fuel efficiency and performance. Automotive applications are significantly expanding as manufacturers increasingly shift towards advanced composites to innovate vehicle design and improve safety features. Growth trends indicate that Automotive is the fastest-growing segment, propelled by the rise in electric vehicles (EVs) and advancements in automotive technologies. Factors such as regulatory pressures for reduced emissions and consumer demand for performance-efficient vehicles are catalysts for this growth. Meanwhile, Aerospace continues to evolve with innovations in composite materials that promise greater durability and lower lifecycle costs, ensuring its leading position in the market.

Aerospace (Dominant) vs. Automotive (Emerging)

The Aerospace segment is characterized by its high-value contracts and rigorous safety standards, resulting in a steady demand for advanced composites that are lightweight yet durable. This segment has leveraged advanced manufacturing techniques, enhancing performance in critical applications such as aircraft structures and components. On the other hand, the Automotive segment is emerging rapidly, driven by trends in electric and autonomous vehicles. Manufacturers are increasingly adopting advanced composites to achieve improved fuel efficiency, weight reduction, and design flexibility. This shift is not only enhancing automotive performance but also aligning with sustainability goals, making automotive applications a crucial area of growth within the US advanced composites market.

By Type: Carbon Fiber Composites (Largest) vs. Glass Fiber Composites (Fastest-Growing)

In the US advanced composites market, Carbon Fiber Composites dominate the landscape with a significant market share, primarily driven by their lightweight and high-strength properties. These composites are extensively utilized in aerospace, automotive, and sports equipment, making them the go-to choice for industries demanding performance and durability. Conversely, Glass Fiber Composites are witnessing rapid growth due to their cost-effectiveness and versatility, finding applications in construction, marine, and consumer goods. The trends in this segment indicate a robust upward trajectory for Glass Fiber Composites, as innovations in manufacturing techniques lower production costs and improve performance. Environmental concerns also drive demand for Natural Fiber Composites, promoting sustainable practices in manufacturing. Meanwhile, hybrid composites are gaining traction for their ability to combine the benefits of various fibers, positioning them as a versatile solution in the evolving market landscape.

Carbon Fiber Composites (Dominant) vs. Glass Fiber Composites (Emerging)

Carbon Fiber Composites stand out as the dominant force within the segment, offering unparalleled strength-to-weight ratios that make them essential in high-performance applications such as aerospace and automotive industries. Their ability to withstand extreme conditions while maintaining structural integrity positions them as a preferred choice for manufacturers seeking durability and efficiency. On the other hand, Glass Fiber Composites serve as an emerging alternative, characterized by their relative affordability and adaptability across a range of sectors including construction and consumer products. The growing interest in lightweight materials is propelling Glass Fiber Composites into the spotlight, supporting a shift towards more innovative and sustainable solutions in various applications.

By Manufacturing Process: Layup (Largest) vs. Resin Infusion (Fastest-Growing)

In the US advanced composites market, the manufacturing process segment depicts a diverse distribution among various techniques. Layup holds the largest market share due to its simplicity and versatility, widely used in industries from automotive to aerospace. Other methods like filament winding and pultrusion also maintain respectable shares, supported by specialized applications, but the focus on innovation is paving the way for emerging techniques like resin infusion. Growth trends in the manufacturing process segment are driven by technological advancements and an increasing demand for lightweight materials. This is highlighted by the resin infusion technique, which has gained traction due to its efficiency and ability to produce complex shapes. As businesses seek to enhance performance and reduce costs, the infusion method is becoming increasingly popular, indicating a shift in preference among manufacturers.

Layup (Dominant) vs. Resin Infusion (Emerging)

Layup is characterized by its straightforward application process, wherein layers of composite materials are manually placed in a mold, making it ideal for custom designs and prototypes. This method dominates due to its flexibility and lower setup costs, appealing to various sectors. In contrast, resin infusion is emerging as a game-changer, utilizing a vacuum to draw resin into the fibers, which enhances material performance while reducing waste. This method is particularly favored for large parts and complex geometries, showcasing the shift towards efficient production methods in the US advanced composites market.

By Matrix Type: Thermosetting Polymer (Largest) vs. Thermoplastic Polymer (Fastest-Growing)

In the US advanced composites market, the matrix type segment is primarily dominated by thermosetting polymers, which capture a significant share due to their superior mechanical properties and resistance to heat. These materials are widely utilized in aerospace, automotive, and construction industries, where durability is crucial. Meanwhile, thermoplastic polymers are emerging as fast-growing alternatives, gaining traction for their ease of processing and recyclability, appealing to industries focused on sustainability and efficiency. The growth trends within the matrix type segment indicate a shift toward thermoplastic polymers, driven by innovations in material science that enhance their performance capabilities. Additionally, the rising demand for lightweight materials across various sectors further propels the adoption of thermoplastics. Companies are investing in R&D to improve the properties of these materials, thereby creating a competitive landscape that fosters rapid growth and diversification in applications.

Thermosetting Polymer (Dominant) vs. Ceramic Matrix (Emerging)

Thermosetting polymers remain the dominant force in the US advanced composites market, recognized for their exceptional strength and thermal stability. These materials are integral in high-performance applications, particularly in aerospace and automotive sectors, where reliability under extreme conditions is paramount. In contrast, ceramic matrix composites are emerging, known for their outstanding thermal resistance and lightweight nature. They are increasingly utilized in specialized applications, such as turbine engines and cutting tools, where high temperature and mechanical stress are prevalent. As industries seek materials that offer both performance and efficiency, the synergy between these two matrix types is expected to shape future developments in composite technologies.

Get more detailed insights about US Advanced Composites Market

Key Players and Competitive Insights

The advanced composites market is currently characterized by a dynamic competitive landscape, driven by innovation, sustainability, and strategic partnerships. Key players such as Hexcel Corporation (US), Toray Industries Inc. (JP), and Solvay SA (BE) are actively shaping the market through their distinct operational focuses. Hexcel Corporation (US) emphasizes innovation in lightweight materials, particularly for aerospace applications, while Toray Industries Inc. (JP) is leveraging its extensive research capabilities to enhance the performance of carbon fiber composites. Solvay SA (BE) is strategically positioning itself through sustainability initiatives, aiming to reduce the environmental impact of composite production. Collectively, these strategies contribute to a competitive environment that prioritizes technological advancement and eco-friendly practices.

In terms of business tactics, companies are increasingly localizing manufacturing to enhance supply chain resilience and reduce lead times. The market structure appears moderately fragmented, with several key players exerting influence over specific segments. This fragmentation allows for niche players to thrive, while larger corporations focus on consolidating their market positions through strategic acquisitions and partnerships. The collective influence of these key players fosters a competitive atmosphere that encourages continuous improvement and innovation.

In October 2025, Hexcel Corporation (US) announced a partnership with a leading aerospace manufacturer to develop next-generation composite materials aimed at improving fuel efficiency. This collaboration is significant as it not only enhances Hexcel's product offerings but also aligns with the aerospace industry's increasing demand for sustainable solutions. The partnership is expected to yield advanced materials that could redefine performance standards in aviation.

In September 2025, Toray Industries Inc. (JP) unveiled a new line of bio-based carbon fibers, marking a pivotal shift towards sustainable materials in the advanced composites sector. This strategic move is crucial as it positions Toray as a leader in eco-friendly innovations, potentially attracting environmentally conscious clients and enhancing its market share. The introduction of bio-based fibers may also set a new benchmark for sustainability in composite manufacturing.

In August 2025, Solvay SA (BE) expanded its production capacity for high-performance thermoplastic composites in the US, responding to the growing demand from the automotive and aerospace sectors. This expansion is indicative of Solvay's commitment to meeting market needs while reinforcing its competitive edge. By increasing production capabilities, Solvay is likely to enhance its supply chain efficiency and better serve its clients in these high-growth industries.

As of November 2025, the advanced composites market is witnessing trends such as digitalization, sustainability, and the integration of AI technologies. These trends are reshaping competitive dynamics, with strategic alliances becoming increasingly vital for innovation and market penetration. The shift from price-based competition to a focus on technological differentiation and supply chain reliability is evident. Companies that prioritize innovation and sustainable practices are likely to emerge as leaders in this evolving landscape, suggesting a future where competitive advantage is defined by the ability to adapt and innovate.

Key Companies in the US Advanced Composites Market market include

Future Outlook

US Advanced Composites Market Future Outlook

The advanced composites market is projected to grow at 6.13% CAGR from 2024 to 2035, driven by innovations in manufacturing processes, increasing demand in aerospace, and automotive sectors.

New opportunities lie in:

  • Development of lightweight composite materials for electric vehicles
  • Expansion of recycling technologies for composite waste
  • Investment in advanced manufacturing techniques like 3D printing for composites

By 2035, the advanced composites market is expected to achieve substantial growth and innovation.

Market Segmentation

US Advanced Composites Market Type Outlook

  • Carbon Fiber Composites
  • Glass Fiber Composites
  • Aramid Fiber Composites
  • Natural Fiber Composites
  • Hybrid Composites

US Advanced Composites Market Application Outlook

  • Aerospace
  • Automotive
  • Construction
  • Electronics
  • Marine

US Advanced Composites Market Matrix Type Outlook

  • Thermosetting Polymer
  • Thermoplastic Polymer
  • Metal Matrix
  • Ceramic Matrix

US Advanced Composites Market Manufacturing Process Outlook

  • Layup
  • Filament Winding
  • Pultrusion
  • Resin Infusion
  • Out-of-Autoclave

Report Scope

MARKET SIZE 20247.53(USD Billion)
MARKET SIZE 20257.99(USD Billion)
MARKET SIZE 203514.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)6.13% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies Profiled["Hexcel Corporation (US)", "Toray Industries Inc. (JP)", "SGL Carbon SE (DE)", "Mitsubishi Chemical Corporation (JP)", "Teijin Limited (JP)", "Solvay SA (BE)", "BASF SE (DE)", "Cytec Industries Inc. (US)", "3M Company (US)"]
Segments CoveredApplication, Type, Manufacturing Process, Matrix Type
Key Market OpportunitiesGrowing demand for lightweight materials in aerospace and automotive sectors drives advanced composites market expansion.
Key Market DynamicsTechnological advancements drive innovation and competition in the advanced composites market, enhancing performance and sustainability.
Countries CoveredUS

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