Composite Fiber Market size is estimated to be USD 36.5 Billion in 2024 and is expected to reach USD 65.2 Billion by 2033 at a CAGR of 7.2% from 2026 to 2033.
The global composite fiber market was valued at approximately USD 28.4 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. The demand for composite fibers is increasing due to their high strength to weight ratio, durability, and corrosion resistance, which makes them ideal for applications in automotive, aerospace, and construction industries. North America dominated the market in 2022, accounting for 35% of the global share, driven by technological advancements and high demand from the automotive and aerospace sectors. The regions market size was valued at approximately USD 9.94 billion in 2022. The Asia Pacific region is expected to witness the highest growth during the forecast period, with a projected CAGR of 9.5%, reaching a market value of USD 13.2 billion by 2030. This growth can be attributed to the rapid industrialization, increasing infrastructure projects, and the rising demand for lightweight materials in automotive manufacturing, particularly in countries like China, Japan, and India.
Europe is another significant player in the composite fiber market, holding around 28% of the global share in 2022, valued at USD 7.95 billion. The regions market growth is driven by the aerospace and wind energy sectors, with growing investment in renewable energy and sustainable aviation technologies. The Middle East & Africa region, though smaller in market size, is showing a strong upward trend, primarily fueled by infrastructure development in countries like the UAE and Saudi Arabia. The Latin American market is anticipated to grow steadily, with a CAGR of 6.7%, reaching USD 4.3 billion by 2030, driven by increasing demand in construction and automotive sectors. With the rising demand for lightweight materials and increased investment in renewable energy, the composite fiber market presents several growth opportunities in both developed and emerging economies.
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DuPont
Mitsubishi Chemical Corporation
Zhejiang Anshun Pettechs Fibre Co.
ltd
Axiom Materials
Cytec Solvay Group
Alte New Material Technology (Qingdao) Co.
Jiangsu Jiangnan High Polymer Fiber Co Ltd
Laian Longhua Friction Materials Co Ltd
Suzhou Jinquan New Materials Co.
Haining Taierxin New Material Co.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Composite Fiber Market
Carbon Fiber
Glass Fiber
Aramid Fiber
Natural Fiber
Other Composite Fibers
Weaving
Braiding
Pullwinding
Filament Winding
Others
Aerospace and Defense
Automotive
Marine
Construction
Sporting Goods
Electronics
Wind Energy
Structural Components
Non-Structural Components
Insulation Materials
Reinforcement Materials
Others
Epoxy Resin
Polyester Resin
Vinyl Ester Resin
Phenolic Resin
Others
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Composite Fiber Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Composite Fiber Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Composite Fiber Market, By Type
6. Global Composite Fiber Market, By Application
7. Global Composite Fiber Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Composite Fiber Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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