United States Composites Market was valued at USD 20 Billion in 2022 and is projected to reach USD 32 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The US composites market has been growing rapidly, driven by technological advancements, increasing demand for lightweight materials, and applications in industries like aerospace, automotive, and construction. In 2024, the market is expected to reach $17.5 billion, with a compound annual growth rate (CAGR) of 5.3%. This growth is fueled by the significant shift towards sustainable and energy-efficient materials, particularly in transportation and industrial sectors.
Composites, materials made by combining two or more constituent materials with different properties, are being used more frequently as a solution to reduce weight, increase durability, and improve the performance of products. The main types of composites include fiber-reinforced polymers (FRPs), metal matrix composites, and ceramic matrix composites. Among these, FRPs are the dominant segment, with applications in automotive, marine, and construction industries.
One of the major trends shaping the US composites market is the increasing use of composite materials in the aerospace industry. Lightweight and high-strength materials help improve fuel efficiency and overall performance. Additionally, advancements in production technologies like 3D printing and automation are reducing costs and making composite materials more accessible. The rise of electric vehicles (EVs) also significantly impacts the demand for lightweight composites, as manufacturers aim to increase vehicle efficiency and range by reducing weight.
Another notable driver for the growth of this market is the demand for composites in the construction industry. These materials offer exceptional durability, resistance to corrosion, and ease of installation. The use of composites in infrastructure projects like bridges, roads, and buildings is increasing, driven by their potential to reduce maintenance costs and extend the lifespan of structures.
However, challenges such as the high cost of raw materials, limited recycling options, and the need for specialized production techniques continue to be barriers for broader adoption. Nonetheless, ongoing innovations in the development of sustainable composites and the integration of technologies like AI and machine learning to improve manufacturing efficiency are expected to provide solutions to these challenges.
As industries continue to explore new applications, the US composites market presents ample opportunities for growth. With increasing demand for lightweight, durable, and sustainable materials, this sector is poised for a dynamic future.
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3M
Acordis BV
Advanced Glass Fibre Yarns
Aertex Group
Axalta Coating Systems
Airbus
AKSA
Asahi Fibreglass
BOC
Braj Binani Group
Formosa Plastics Corporation
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 US Composites Market
Polymer Matrix Composites (PMC)
Ceramic Matrix Composites (CMC)
Metal Matrix Composites (MMC)
Natural Fiber Composites
Glass Fiber
Carbon Fiber
Aramid Fiber
Basalt Fiber
Natural Fiber
Epoxy
Polyester
Vinyl Ester
Polyurethane
Phenolic
Lay-up Process
Filament Winding
Resin Transfer Molding (RTM)
Compression Molding
Injection Molding
Prepreg Molding
Aerospace & Defense
Automotive
Wind Energy
Construction
Sports & Leisure
Marine
Electrical & Electronics
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 US Composites 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. US Composites Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Composites Market, By Type
6. US Composites Market, By Application
7. US Composites Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Composites Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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