North America Composites Market
North America Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process (Layup, Compression Molding, Injection Molding, RTM, Filament Winding, Pultrusion), End-use Industry (Aerospace & Defense, Wind Energy, Automotive & Transportation, Construction & Infrastructure, Marine, Pipes, Tanks & Pressure Vessels, Electrical & Electronics), and Country - Forecast to 2030
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The composites market in North America is estimated to be USD 40.40 billion in 2025 and is expected to reach to reach USD 66.67 billion by 2030, at a CAGR of 10.6% during the forecast period. The market has been segmented on the basis of fiber, resin, manufacturing process, end-use industry, and region. Stringent climate and emissions regulations (such as the ECCC, Clean Air Act (CAA)) are driving the adoption of lightweight, low-carbon materials, which is driving growth of the market in North America. The demand for high-performance composites in blades, vehicle structures, and airframes is increased by the rapid growth of wind energy, electric vehicles, and efficient aircraft. Developments in bio-based composites and recyclable thermoplastics support circular economy goals and draw investment. Growth is further supported by robust industrial bases in the US and Canada through extensive supply chains for automobiles, aircraft, and construction.
KEY TAKEAWAYS
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By CountryThe US dominated the composites market in North America with a share of 89.32% in terms of value in 2024.
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By Manufacturing TypeBy manufacturing type, the filament winding process is projected to grow at a CAGR of 15.1% during the forecast period in terms of value.
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By Fiber TypeBy fiber type, the carbon fiber segment is projected to grow at a CAGR of 12.2% during the forecast period in terms of value.
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By Resin TypeBy resin type, the thermoplastic resin is projected to be the fastest-growing segment during the forecast period.
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End Use IndustryBy End-use industry, the tanks & pressure vessels segment is projected to be the fastest-growing segment during the forecast period in terms of value.
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Competitive Landscape - Key PlayersToray Industries Inc., Owens Corning, and Hexcel Corporation are star players in the composites market in Europe, given their broad industry coverage and strong operational & financial strength.
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Competitive Landscape - StartupsFibraworks GmbH, AEON-T, Nova Carbon, and Antefil Composite Tech AG have distinguished themselves among startups and SMEs due to their well-developed marketing channels and extensive funding to build their product portfolios.
The leading drivers of the composites market in North America are lightweighting measures due to more strict environmental requirements in key sectors. The aerospace and defense industries continues to be a significant driver, requiring high-performance carbon fiber and glass fiber composites to improve fuel efficiency and structural integrity in both commercial and military aircraft. Simultaneously, the automotive and transportation sectors, fueled by an increase in electric vehicle (EV) production, are quickly embracing advanced composites to balance battery weight, improve crash safety, and fulfill stringent fuel efficiency criteria. Furthermore, the rapid development of wind energy projects and public infrastructure investment drives demand for long-lasting, corrosion-resistant fiberglass composites for big turbine blades and building materials, ensuring market growth.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The demand for composites in North America is shifting from traditional applications to high-growth sectors such as aerospace and defense, automotive, wind energy, construction, and pressure vessels, owing to strict regional requirements for lightweighting, energy efficiency, safety, and sustainability. These industries are increasingly reliant on composites to reduce weight, increase component life, improve fire and corrosion resistance, and meet North America environmental and performance requirements. As a result, future revenue is expected to flow predominantly from advanced use cases enabled by new technologies, product offerings, and ecosystem collaborations. Composites adoption provides tangible benefits for North American end users, such as increased safety in aircraft and vehicles, improved energy efficiency, increased power output from wind turbines, longer service life for infrastructure, and safer operations in industrial systems, all of which contribute to the region's broader goals of decarbonization and resource efficiency.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
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North American frameworks for green transition and circular economy
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Increasing adoption of lightweight materials in major applications
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High declining production volumes and structural downturn in traditional composite segments cost
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Lack of standardization in manufacturing technologies
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Increased investments in development of low-cost coal-based carbon fibers
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Increasing demand for fuel cell electric vehicles (FCEVs)
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Production of low-cost carbon fiber
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Capital-intensive production and complex manufacturing process
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: North American frameworks for green transition and circular economy
The growth of the composites market in North America is driven by ambitious sustainability and decarbonization requirements that compel industry to cut emissions, enhance material economy, and lengthen product life cycles. The North American Net Zero Policy establishes lofty goals for reducing carbon footprints in transportation, construction, and energy sectors. These guidelines recommend lightweight, corrosion-resistant composite materials as alternatives to traditional metals and other high-impact materials. The switch to low-carbon solutions has accelerated the use of composites in renewable energy systems, electric vehicles, and energy-efficient buildings. As North American businesses strive to meet growing environmental criteria, composites provide an essential approach to achieving long-term performance goals.
Restraint: Lack of standardization in manufacturing technologies
The lack of consistent manufacturing and certification standards is a significant barrier to the general use of composites in North America, notably in the building, transportation, and recycling industries. The market employs a wide range of materials—various resins, fibers, lay-up procedures, and curing systems—that varies greatly from one producer to another. This discrepancy causes changes in the mechanical qualities, processing performance, and long-term durability of the finished composite products. Before regulatory bodies, particularly those in charge of large-scale building and essential infrastructure, can allow widespread use, they must have precisely specified material requirements and long-term validation processes. The absence of common standards encourages individual organizations to conduct lengthy, costly testing simply to fulfill compliance requirements, thereby reducing adoption rates and raising certification timeframes across the sector.
Opportunity: Increased investments in development of low-cost coal-based carbon fibers
The opportunity for the North American composites business is higher investment in the development of low-cost, coal-based carbon fibers (CFs). Currently, the exorbitant cost of the leading precursor, polyacrylonitrile (PAN), restricts CF utilization to high-end aerospace and luxury automobile industries. Using available local coal and its low-value byproducts, such as coal tar pitch, as a precursor for pitch-based carbon fibers provides a significantly lower-cost alternative—up to 30 times less expensive than petroleum-based composites. This investment, which is backed by programs from the US Department of Energy and private firms such as Ramaco Carbon, is critical for unlocking high-volume, cost-sensitive sectors, notably in automotive lightweighting for electric vehicles (EVs) and civil infrastructure.
Challenge: Production of low-cost carbon fiber
The primary problem in generating low-cost carbon fiber (CF) for the North American composites industry is the high cost of the precursor ingredient, polyacrylonitrile (PAN), which accounts for almost half of the final fiber cost. The manufacturing process, from PAN manufacture to the final carbonization stage, is both capital-intensive and very energy-intensive, requiring specialized, expensive equipment and consuming significant energy ($100-900 MJ per kilogram of CF). This financial barrier prevents CF from expanding from niche, high-performance applications like aerospace and luxury vehicles to mass-market uses like mainstream automotive components or basic construction materials, where its cost must be dramatically reduced to compete with traditional materials like steel or aluminum.
NORTH AMERICA COMPOSITES MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
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Fuselage and Wings: Carbon fiber and glass fiber composites make up about 50% of the structure of the 787 Dreamliner, including the fuselage and wings. | Composites offer a better strength-to-weight ratio than metals, leading to significantly lighter aircraft and up to 20% fuel savings over previous models. Durability: Composites eliminate metallic fatigue and corrosion, which drastically reduces maintenance requirements and extends the time between major inspections. |
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Spacecraft Structures (e.g., Orion Heat Shield): High-performance composite materials are used for critical structures that must withstand extreme conditions. | Extreme Thermal Stability & Structural Integrity: Composites maintain structural integrity under intense heat (as seen in re-entry) and provide better thermal stability than metals, making them ideal for space and defense applications. |
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Battery Housing, Body Panels, and Chassis: Fiber-reinforced polymer composites are used in structural components to offset the heavy weight of battery packs in electric vehicles (EVs). | Reducing vehicle weight by 10% can result in a 6–8% improvement in fuel/energy economy. Lightweight composites improve the power-to-weight ratio, extending the vehicle's all-electric range and contributing to crash safety by absorbing more energy. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The North America composites ecosystem extends across the entire value chain, beginning with raw material suppliers like as Teijin, Huntsman, Toray, and Owens Corning, who supply fibers and resins to regional markets. Manufacturers such as Cabot, Solvay, and Hexcel convert them into prepregs and other intermediary materials, allowing Magna, Spirit AeroSystems, and Exel Composites to create lightweight, high-strength components. Major end customers, including as Boeing, Lockheed Martin, and Ford, use these parts in aircraft, automobiles, and transportation systems, resulting in a steady demand for sophisticated composite solutions throughout Europe.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
North America Composite Market, By Resin Type
Thermoplastic composites are predicted to develop the most rapidly in the North American composites sector due to its strong alignment with regional goals such as recyclability, circular economy, and efficient manufacturing. Unlike thermoset resin, thermoplastics may be remelted, molded, and recycled, helping to satisfy North American sustainability and waste management goals. Thermoplastic composites also have quicker cycle times, high volume manufacturing, and compatibility with automated processes such as stamping, welding, and over-molding, making them ideal for large-scale automotive and transportation applications. As electric vehicles, lightweight structural components, and next-generation transportation platforms gain popularity in North America, demand for thermoplastic composites grows due to their superior strength-to-weight performance, impact resistance, and lower lifecycle costs, making them the market's fastest-growing segment.
REGION
US to be fastest-growing country in North America Composite during forecast period
The US is expected to be the key growth driver in the North American composites industry, thanks to its sophisticated manufacturing environment and concentration of prominent aerospace, automotive, and engineering companies. The presence of large original equipment manufacturers (OEMs) and Tier-1 suppliers accelerates the use of lightweight composite materials to satisfy stringent fuel economy and emissions targets, particularly in the automotive and electric mobility sectors. Concurrently, the US serves as a significant worldwide hub for sophisticated aerospace production and research and development (R&D), which drives demand for high-performance composite structures. Furthermore, continued capital investment in wind energy, hydrogen technologies, and vital industrial infrastructure assures steady material demand, strengthening the US' position as the major driver of regional market.
NORTH AMERICA COMPOSITES MARKET: COMPANY EVALUATION MATRIX
In the North America composites matrix, Owens Corning (Star) leads with a strong market share and extensive product footprint, which are widely adopted in aerospace & defense, automotive, sporting goods, and wind energy industries. China Jushi Co., Ltd. (Emerging Leader) is gaining visibility in the market as it supplies large volumes of cost-competitive fiberglass products to major industries through strong regional distribution and manufacturing presence. While Owens Corning dominates through scale and a diverse portfolio, China Jushi Co., Ltd. shows significant potential to move toward the leaders’ quadrant as demand for composites continues to rise.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- Toray Industries, Inc. (Japan)
- Owens Corning (US)
- Mitsubishi Chemical Group Corporation (Japan)
- Hexcel Corporation (US)
- Teijin Limited (Japan)
- SGL Carbon SE (Germany)
- Solvay S.A. (Belgium)
- Nippon Electric Glass Co., Ltd. (Japan)
- Huntsman International LLC (US)
- Gurit Holding AG (Switzerland)
- Weyerhaeuser Company (US)
- China Jushi Co., Ltd. (China)
- AGY (US)
- Saint-Gobain(France)
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2025 (Value) | USD 40.40 Billion |
| Market Forecast in 2030 (Value) | USD 66.67 Billion |
| Growth Rate | CAGR of 10.6% from 2025-2030 |
| Years Considered | 2020-2030 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Units Considered | Value (USD Billion), Volume (Kilotons) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | By Fiber Type: Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites I By Resin Type: Thermoset Composites, Thermoplastic Composites I By End-use Industry: Aerospace & Defense, Wind Energy, Automotive & Transportation, Construction & Infrastructure, Marine, Pipe, Tanks & Pressure Vessels, Electrical & Electronics I By Manufacturing Process: Lay-up, Filament Winding, Injection Molding, Pultrusion, Compression Molding, RTM |
| Countries Covered | US, Canada |
WHAT IS IN IT FOR YOU: NORTH AMERICA COMPOSITES MARKET REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| North America-based Composite Manufacturers | Competitive benchmarking of regional composite producers (capacity, automation, certifications) | Mapping of supply availability for fibers and resins in Europe |
| OEMs & Tier-1 Suppliers (Aerospace, Automotive, Wind) | Evaluation of lightweighting potential, material substitution (metals vs. composites), and end-use adoption barriers I Assessed composite performance, recyclability, and compliance with North American standards | Enabled faster adoption of lightweight composite structures, supported regulatory compliance I identified cost-saving opportunities in EV platforms, aircraft, and turbine blade components |
| Raw Material Providers (Fibers & Resins) | Mapping of precursor, resin, and reinforcement demand hubs I Assessment of North America’s supply chain constraints, domestic production potential, and import risks | Strengthened sourcing strategies I Highlighted reshoring opportunities I Improving supply security and reducing reliance on imports |
| Construction, Marine & Infrastructure Stakeholders | Feasibility studies for fire-rated, corrosion-resistant composite solutions | Identified ROI and lifecycle benefits, enabling adoption of composites in infrastructure projects, with longer service life and reduced maintenance cost |
RECENT DEVELOPMENTS
- August 2022 : Huntsman International LLC signed an agreement to sell its textile effects division to Archoma, a portfolio company of SK Capital Partners for USD 718 million.
- April 2022 : Gurit Holding AG acquired a 60% stake in Fiberline Composites A/S, a technology provider for the pultruded manufacture of carbon and glass products.
- April 2022 : Gurit Holding AG agreed to sell its aerospace business segment to Isovolta Group, a composite manufacturer based in Austria, for USD 471.64 million.
Table of Contents
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Methodology
The study involved two major activities in estimating the current size of the North America Composites market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering North America Composites and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the North America Composites market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the North America Composites market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from North America Composites industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using the North America Composites, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of North America Composites and future outlook of their business which will affect the overall market.
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Market Size Estimation:
The research methodology used to estimate the size of the North America Composites market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations of North America Composites in different applications at a regional level. Such procurements provide information on the demand aspects of the North America Composites industry for each application. For each application, all possible segments of the North America Composites market were integrated and mapped.
Data Triangulation
After arriving at the overall North America Composites market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the automotive & transportation, wind energy, aerospace & defense, construction & infrastructure end-use industries. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
North America Composites are materials that are created by combining two or more different constituents with different physical or chemical qualities to produce a new material with improved properties. These components usually consist of a matrix material (such as a polymer, metal, or ceramic) embedded with a reinforcement material (such as fibers or particles). The matrix material keeps the reinforcement in place and shields it from the elements, while the reinforcement material gives strength, stiffness, and other mechanical qualities. North America Composites have many benefits, such as a high strength-to-weight ratio, resistance to corrosion, durability, and flexibility in design, which makes them ideal for a variety of uses in a wide range of industries, including renewable energy, aerospace, automotive, and construction.
Key Stakeholders
- North America Composites manufacturers and distributors
- Key application segments for North America Composites
- Research and consulting firms
- R&D institutions
- Associations and government institutions
- Environmental support agencies
Report Objectives
- To analyze and forecast the size of the North America Composites market, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the market based on resin type, fiber type, manufacturing process, and end-use industry
- To analyze and project the market based on five regions, namely, Europe, North America, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
- To strategically analyze the micro markets concerning individual growth trends, prospects, and their contribution to the overall market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of Rest of Asia Pacific North America Composites market
- Further breakdown of Rest of Europe North America Composites market
- Further breakdown of Rest of Middle East & Africa North America Composites market
- Further breakdown of Rest of Latin American composites market
Company Information
- Detailed analysis and profiling of additional market players (up to 10)
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Growth opportunities and latent adjacency in North America Composites Market