Market overview
The global composites market is worth USD 101 bn in 2026 and is forecast to reach USD 184 bn by 2036, growing at a 6.2% CAGR. China is the largest country market and Glass fibre composites is the largest by fibre segment.
| Scope | Fibre-reinforced composites: glass-fibre, carbon-fibre and natural-fibre composites in thermoset and thermoplastic matrices used in wind, transport, construction, aerospace and sporting goods. |
|---|---|
| Industry | Chemicals and Materials |
| Value 2025 | USD 95.0 bn |
| Value 2026 | USD 101 bn |
| Value 2036 | USD 184 bn |
| CAGR 2026-2036 | 6.2% |
| Volume 2026 | 13.6 million tonnes |
| Volume 2036 | 22.5 million tonnes |
| Average price 2026 | USD 7,381 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
Request a free sample of this report
Composites market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 101 bn |
| 2027 | USD 107 bn |
| 2028 | USD 114 bn |
| 2029 | USD 121 bn |
| 2030 | USD 128 bn |
| 2031 | USD 136 bn |
| 2032 | USD 144 bn |
| 2033 | USD 153 bn |
| 2034 | USD 163 bn |
| 2035 | USD 173 bn |
| 2036 | USD 184 bn |
Composites market segmentation
By fibre
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Glass fibre composites | 75.0% | 68.7% | USD 75.5 bn | 5.3% |
| Carbon fibre composites | 18.0% | 23.9% | USD 18.1 bn | 9.3% |
| Natural and other fibre composites | 7.0% | 7.4% | USD 7.0 bn | 6.8% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Transportation | 26.0% | 25.8% | USD 26.2 bn | 6.1% |
| Construction and infrastructure | 24.0% | 23.4% | USD 24.2 bn | 5.9% |
| Wind energy | 12.0% | 12.5% | USD 12.1 bn | 6.6% |
| Aerospace and defence | 14.0% | 16.0% | USD 14.1 bn | 7.6% |
| Electrical and electronics | 8.0% | 7.9% | USD 8.1 bn | 6.1% |
| Marine and sports | 16.0% | 14.4% | USD 16.1 bn | 5.1% |
By resin type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Polyester and vinyl ester | 38.0% | 33.0% | USD 38.3 bn | 4.7% |
| Epoxy | 24.0% | 25.0% | USD 24.2 bn | 6.6% |
| Phenolic and other thermosets | 11.0% | 10.0% | USD 11.1 bn | 5.2% |
| Thermoplastic | 27.0% | 32.0% | USD 27.2 bn | 8.0% |
By manufacturing process
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Hand and spray lay-up | 21.0% | 16.0% | USD 21.1 bn | 3.4% |
| Compression and injection moulding | 29.0% | 31.0% | USD 29.2 bn | 6.9% |
| Pultrusion and filament winding | 17.0% | 18.0% | USD 17.1 bn | 6.8% |
| Infusion and autoclave | 33.0% | 35.0% | USD 33.2 bn | 6.8% |
By reinforcement form
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Short fibre | 28.0% | 24.0% | USD 28.2 bn | 4.6% |
| Long fibre | 31.0% | 31.0% | USD 31.2 bn | 6.2% |
| Continuous fibre and fabric | 41.0% | 45.0% | USD 41.3 bn | 7.2% |
Top 25 countries for composites by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 83.3% of 2026 revenue and the 25 countries below together hold 95.3%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 32.2 bn | 32.0% | USD 64.7 bn | 7.2% |
| 2 | United States | USD 20.1 bn | 20.0% | USD 33.4 bn | 5.2% |
| 3 | Germany | USD 7.0 bn | 7.0% | USD 11.2 bn | 4.8% |
| 4 | India | USD 5.0 bn | 5.0% | USD 12.1 bn | 9.2% |
| 5 | Japan | USD 5.0 bn | 5.0% | USD 7.5 bn | 4.1% |
| 6 | France | USD 3.5 bn | 3.5% | USD 5.5 bn | 4.6% |
| 7 | Italy | USD 3.0 bn | 3.0% | USD 4.8 bn | 4.7% |
| 8 | United Kingdom | USD 3.0 bn | 3.0% | USD 4.8 bn | 4.7% |
| 9 | South Korea | USD 2.8 bn | 2.8% | USD 5.0 bn | 5.8% |
| 10 | Spain | USD 2.0 bn | 2.0% | USD 3.3 bn | 5.1% |
| 11 | Canada | USD 1.1 bn | 1.1% | USD 1.9 bn | 6.1% |
| 12 | Turkey | USD 1.1 bn | 1.1% | USD 2.1 bn | 6.9% |
| 13 | Brazil | USD 997 mn | 1.0% | USD 1.8 bn | 6.1% |
| 14 | Mexico | USD 997 mn | 1.0% | USD 1.9 bn | 6.8% |
| 15 | Netherlands | USD 856 mn | 0.8% | USD 1.5 bn | 6.1% |
| 16 | Denmark | USD 856 mn | 0.8% | USD 1.5 bn | 6.1% |
| 17 | Taiwan | USD 856 mn | 0.8% | USD 1.5 bn | 6.1% |
| 18 | Poland | USD 785 mn | 0.8% | USD 1.5 bn | 6.9% |
| 19 | Australia | USD 785 mn | 0.8% | USD 1.4 bn | 6.1% |
| 20 | Russia | USD 715 mn | 0.7% | USD 1.3 bn | 6.0% |
| 21 | Thailand | USD 715 mn | 0.7% | USD 1.4 bn | 6.8% |
| 22 | Sweden | USD 644 mn | 0.6% | USD 1.2 bn | 6.0% |
| 23 | Switzerland | USD 644 mn | 0.6% | USD 1.2 bn | 6.0% |
| 24 | Belgium | USD 574 mn | 0.6% | USD 1.0 bn | 6.0% |
| 25 | Vietnam | USD 574 mn | 0.6% | USD 1.2 bn | 7.4% |
| Rest of world | USD 4.7 bn | 4.7% | USD 8.9 bn | 6.7% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Owens Corning
- Toray Industries
- Hexcel
- Teijin
- Jushi Group
- Syensqo
Group 2: Regional and specialist players
- SGL Carbon
- Gurit
- Mitsubishi Chemical Group
- Nippon Electric Glass
- Chongqing Polycomp International
- Taishan Fiberglass
- Johns Manville
- AOC
Group 3: Emerging and niche players
- Park Aerospace
- Core Molding Technologies
- Strongwell
- TPI Composites
- Scott Bader
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the composites market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 6.2% is calculated from the resulting values.
The market is divided by fibre, by end use, by resin type, by manufacturing process, by reinforcement form. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the composites market?
The global composites market is estimated at USD 95.0 bn in 2025 and USD 101 bn in 2026.
How fast will the composites market grow?
It is forecast to reach USD 184 bn by 2036, a compound annual growth rate of 6.2% from 2026, an increase of USD 83.1 bn.
Which country is the largest market for composites?
China is the largest market by revenue at USD 32.2 bn in 2026, 32.0% of the global total. The three largest countries together hold 59.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 9.2% a year from 2026 to 2036.
Which composites segment is largest?
In the by fibre split, Glass fibre composites is the largest segment with 75.0% of 2026 revenue.
Who are the leading composites companies?
Global leaders include Owens Corning, Toray Industries, Hexcel, Teijin.
Need the full report?
Request a sample to see the structure, tables and country detail.
Request a free sampleRelated markets in Chemicals and Materials
- Aluminium ExtrusionUSD 103 bn · 4.6% CAGR
- Advanced CeramicsUSD 94.2 bn · 7.0% CAGR
- Galvanized SteelUSD 109 bn · 4.2% CAGR
- Industrial GasesUSD 110 bn · 5.5% CAGR
- CoatingsUSD 113 bn · 4.5% CAGR
- PolypropyleneUSD 113 bn · 4.3% CAGR
- PropyleneUSD 116 bn · 4.0% CAGR
- Engineering PlasticsUSD 86.1 bn · 5.0% CAGR
← Commodity Chemicals Compostable Spunbond Nonwoven Filament Fiber →