How big is the composites market?

The global composites market size was estimated at USD 112.42 billion in 2025 and is expected to reach USD 120.64 billion in 2026.

What is the composites market growth?

The global composites market is expected to grow at a compound annual growth rate of 8.4% from 2026 to 2033 to reach USD 212.06 billion by 2033.

Which segment accounted for the largest composites market share?

The glass fiber segment held the highest revenue market share of 58.5% in 2025, primarily due to its cost efficiency and versatility across a wide range of end-use industries.

Who are the key players in the composites market?

Some of the key players operating in the composites market include Teijin Ltd., Owens Corning, DuPont, PPG Industries, Inc., Toray Industries, Inc., Huntsman Corporation LLC, SGL Group, Hexcel Corporation, and Compagnie de Saint-Gobain S.A., Weyerhaeuser Company, Momentive Performance Materials, Inc., Cytec Industries (Solvay, S.A.), China Jushi Co., Ltd., Kineco Limited, Veplas Group

What are the factors driving the composites market?

The rising demand for lightweight, high-strength materials across the automotive, aerospace, renewable energy, and construction industries to improve performance, fuel efficiency, and sustainability is the key factor driving the composites market.