Top 50 Companies in Advanced Composites Market: Spherical Insights Analysis (2024–2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Advanced Composites Market Size is projected To Grow from USD 38.23 Billion in 2024 to USD 97.89 Billion by 2035, at a CAGR of 8.92% during the forecast period 2025–2035. As air travel increases and wind energy plants are installed worldwide, the need for advanced composites in the aerospace and defense sector and wind turbine manufacturing is anticipated to rise dramatically over the course of the projection period.
Introduction
The growing need for advanced composites in the sporting goods, military, and aerospace sectors is anticipated to propel the market. Advanced polymer matrix composites, or advanced composites, are strong, lightweight materials with a high modulus of elasticity. These products are composed of fibrous material mixed with different resin matrices. The marine, automotive, wind energy, aerospace, and military industries all make extensive use of these advanced materials. The creation of lightweight and reasonably priced composite structures is made possible by the combination of advanced composite materials' high specific strengths and stiffness with automated manufacturing processes. Generally speaking, using sophisticated composite materials instead of metal alloys lowers a structure's bulk by 20% to 30%. Unlike the commonly utilized composite materials, such as reinforced concrete or even concrete itself, these are called "advanced composite materials." While making up a significant portion of the volume, the high-strength fibers are likewise low-density.
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Advanced Composites Market Size & Statistics
- The Market Size for Advanced Composites Was Estimated to be worth USD 38.23 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 8.92% between 2025 and 2035.
- The Global Advanced Composites Market Size is anticipated to reach USD 97.89 Billion by 2035.
- Europe is expected to generate the highest demand during the forecast period in the Advanced Composites Market
- North America is expected to grow the fastest during the forecast period in the Advanced Composites Market.
Regional growth and demand
Europe is expected to grow the fastest during the forecast period in the advanced composites market. It is expected that the rising demand for sustainable renewable energy and the expanding number of wind turbines being installed in Germany, Spain, and the UK will positively impact demand. The industry's rapid growth and the growing number of onshore and offshore wind energy facilities being installed are expected to fuel the region's market boom.
North America is expected to generate the highest demand during the forecast period in the advanced composites market. The growing need in the automotive, aerospace, and military sectors was responsible for the product's predicted USD 14.81 billion in 2023 demand in North America. With the US being one of the leading automakers, North America has one of the biggest automotive industries in the world. Its vast market size, high consumer disposable income, and ability to mass produce and offer a variety of goods have all contributed to the sector's growth in the nation.
Top 5 trends in the Advanced Composites Market
- Rapid growth in aerospace and automotive applications
- Increasing adoption of carbon fiber composites
- Emphasis on recyclable and bio-based composites
- Integration of nanotechnology for enhanced material properties
- Automated manufacturing and process efficiency improvements
1. Rapid growth in aerospace and automotive applications
Aerospace and automotive sectors are driving demand for advanced composites due to their high strength-to-weight ratio, fuel efficiency, and ability to reduce emissions. These materials are being used extensively in structural and interior parts for aircraft and high-performance vehicles, supporting lightweight designs and regulatory compliance.
2. Increasing adoption of carbon fiber composites
Carbon fiber composites account for the largest share in the advanced composites market, with their exceptional stiffness, fatigue resistance, and thermal stability. Their use is expanding in wind turbine blades, aerospace components, EVs, and sports equipment, propelled by continuous improvements in manufacturing and cost reduction.
3. Emphasis on recyclable and bio-based composites
With growing environmental regulations and corporate sustainability goals, the industry is rapidly developing recyclable thermoplastics and bio-based composites. These new systems allow end-of-life recovery, support circular economy practices, and address pressure to lower the carbon footprint of materials.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the advanced composites market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Advanced Composites Market
- Hexcel Corporation
- Toray Advanced Composites
- Solvay
- Mitsubishi Chemical Advanced Materials
- SGL Carbon
- Teijin Limited
- Cytec Solvay Group
- Gurit Holding AG
- Tencate Advanced Composites
- Meggitt PLC
- Zoltek Corporation
- Owens Corning
- Dupont
- BASF
- Huntsman Corporation
- Plasan Carbon Composites
- Carpenter Technology Corporation
- Laminates & Composites
- Toray Industries
- Boeing Composite Materials
- Fuji Polymer Industries
- Matsumoto Yushi-Seiyaku Co., Ltd.
- Toray International
- Hexcel Composites
- PolyOne Corporation
1. Hexcel Corporation – Stamford, Connecticut, USA
Hexcel Corporation is a global leader in advanced composites technology, specializing in carbon fiber reinforcements, resin systems, and honeycomb manufacturing. Headquartered in Stamford, Connecticut, Hexcel serves aerospace, space & defense, and industrial markets. Their lightweight composite materials improve fuel efficiency and reduce emissions in commercial and military aircraft. Hexcel’s innovation-driven approach includes centers of excellence dedicated to improving fiber and resin performance, manufacturing processes, and product durability. The company’s advanced composites are integral in delivering stronger, lighter, and tougher solutions that meet evolving industry demands.
2. Toray Advanced Composites – Morgan Hill, California, USA,
Toray Advanced Composites, with dual headquarters in Morgan Hill, California, and Nijverdal, Netherlands, produces a broad range of thermoplastic and thermoset composite materials. Their offerings include prepregs, laminates, adhesives, syntactic foams, and honeycomb cores, targeting aerospace, motorsports, and industrial applications. Toray focuses on high-performance composites that enable lighter, stronger structures and tooling materials for precision manufacturing. The company’s extensive global footprint supports innovation and supply reliability for customers worldwide.
3. Solvay – Brussels, Belgium
Solvay is a leading global advanced materials and specialty chemicals company headquartered in Brussels, Belgium. Their composite materials division develops lightweight, high-performance polymers, prepregs, and resin systems primarily for aerospace, automotive, and industrial sectors. Solvay emphasizes sustainability and innovation by providing materials that improve fuel efficiency and reduce emissions while enabling complex composite structures. Their extensive R&D network and global distribution enhance the adoption of advanced composites across diverse markets.
4. Mitsubishi Chemical Advanced Materials – Zurich, Switzerland
Mitsubishi Chemical Advanced Materials, headquartered in Zurich, Switzerland, specializes in high-performance thermoplastic composites and engineered materials. Their product range includes semi-finished and finished composite parts used across aerospace, automotive, healthcare, and electronics markets. The company focuses on combining advanced polymer technology with sustainability initiatives such as circular economy and bio-based materials. Mitsubishi Chemical’s collaborative innovation approach supports customers developing lightweight, durable, and environmentally conscious composite solutions.
5. SGL Carbon – Wiesbaden, Germany
SGL Carbon, based in Wiesbaden, Germany, is a technology-driven company specializing in carbon-based materials including graphite, carbon fibers, and composites. Serving aerospace, automotive, energy, and semiconductor sectors, SGL Carbon is known for its high-quality carbon fiber composites used in high-performance applications. The company’s composites contribute to lightweight designs, fuel efficiency, and enhanced product durability. With a global presence and strong R&D capabilities, SGL Carbon drives innovation focused on sustainability and advanced composite technology development.
Are you ready to discover more about the advanced composites market?
The report provides an in-depth analysis of the leading companies operating in the global advanced composites market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Hexcel Corporation
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Toray Advanced Composites
- Solvay
- Mitsubishi Chemical Advanced Materials
- SGL Carbon
- Teijin Limited
- Cytec Solvay Group
- Gurit Holding AG
- Tencate Advanced Composites
- Others.
Conclusion
The Advanced Composites Market Size is poised for substantial growth fueled by rising demand from aerospace, automotive, and renewable energy sectors. Innovations in materials and manufacturing processes enhance strength, reduce weight, and improve sustainability. Increasing focus on recyclability and bio-based composites supports environmental goals. Adoption of automation and nanotechnology further accelerates efficiency and performance. Overall, advanced composites will continue to drive technological advancements and offer critical solutions for future lightweight and high-performance applications across industries.
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