North America Composites Market worth $66.67 billion by 2030
The report "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 - Global Forecast To 2030" is projected to grow from USD 40.40 billion in 2025 and to reach 66.67 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.
Browse 150 market data Tables and 60 Figures spread through 200 Pages and in-depth TOC on "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 - Global Forecast To 2030"
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North America's demand for composites is expected to expand as the region promotes lightweighting, energy efficiency, and sustainability in important industries such as aerospace, automotive, and wind power. Aircraft manufacturers and suppliers are increasing their use of composites to reduce fuel consumption and emissions, while automakers are utilizing more composite components to fulfill strict CO2 regulations and increase the performance and range of electric cars. North America also has a large number of wind energy projects that require composite materials for large turbine blades. Good R&D capabilities, existing composite manufacturing clusters, and active investment in new technologies are also supporting the market growth.
The glass fiber composites segment accounted for the largest share in the North America composites market in 2024.
The glass fiber composites segment accounted for the largest share of the North American composite market in 2024. These composites offer an appealing combination of strength, durability, and low cost, making them suitable for large-scale usage across various industries. Glass fiber materials are widely utilized in the North American automotive, construction, transportation, electrical, and wind energy sectors for structural elements, reinforcement, panels, blades, and insulation, where performance is critical but cost is even more important. Glass fiber composites are easier to make, more widely accessible, compatible with a wide range of resins and manufacturing techniques, and provide consistent mechanical properties at a cheaper cost than carbon fiber. Their flexibility, vast supply chain, and well-established applications drive high consumption, resulting in the largest market share in the North American composites industry.
The thermoset resin segment accounted for the largest share in the North America composites market in 2024.
The thermoset resin segment leads the North American composites market due to its widespread application in industries such as automotive, wind energy, aerospace, and construction, which all need high strength, durability, and heat resistance. Epoxy, polyester, and vinyl ester thermosets are appropriate for large structural components because they have excellent mechanical properties and may be reinforced with glass or carbon fiber. Their ability to withstand harsh conditions, maintain dimensional stability, and give a long service life makes them the preferred material for wind turbine blades, aircraft parts, automotive components, and construction materials. The established manufacturing ecology, proven processing procedures, and lower material prices than thermoplastics all contribute to thermoset resins' leading market position in North America.
The filament winding process is the fastest-growing manufacturing process in the composites market in North America.
Filament winding is the fastest-growing manufacturing process in the North American composites market due to its high efficiency in producing strong, lightweight, and high-precision cylindrical structures for wind energy, aerospace, pressure vessels, and industrial applications. Wind turbines and hydrogen storage tanks are mostly manufactured in North America, where filament-wound composite components are employed to achieve high strength-to-weight ratios and consistent quality. The method offers a high automation potential, lowers labor expenses, reduces material waste, and assures repeatable performance, all of which align with North America's emphasis on productivity, sustainability, and advanced manufacturing. As demand for wind energy, hydrogen infrastructure, and lightweight aviation parts develops, filament winding is becoming increasingly popular and has emerged as the fastest-growing composite production technique in the area.
Wind energy is the second-fastest growing end-use industry for composites in North America.
Wind energy is North America's second fastest-growing end-use segment for composites in terms of value, driven by the region's continuous growth of renewable energy capacity and demand for large, high-performance turbine blades made of lightweight and durable composite materials. North America has well-developed offshore and onshore wind infrastructure, strong governmental support for renewable energy, and continuous investments in bigger turbines with longer blades, all of which increase adoption. Composites' mechanical strength, fatigue resistance, and corrosion protection make them perfect for wind applications, especially in harsh offshore environments. As North America pushes for energy transition and carbon reduction objectives, wind energy installations continue to rise, driving the demand for composite materials in this sector.
Canada is projected to be the second-fastest growing country in the North America composites market.
The Canadian composites market is expected to grow at a CAGR of 10.3% through 2030, driven by increased industrial applications. The aerospace sector is the primary driver of growth, with leading manufacturers like Bombardier increasingly utilizing lightweight carbon fiber components to improve fuel efficiency and performance. The country's automotive industry contributes to demand by using carbon and glass fiber composites to lightweight vehicles to meet fuel efficiency rules and facilitate the transition to electric vehicles. The automotive composites market in Canada is expected to grow due to increased demand from the country's established auto and auto-component manufacturing base, particularly in southern Ontario near the US border. The proximity to major OEMs and integrated North American supply chains supports efficient logistics and production. The concentration of auto component manufacturers in this cross-border corridor serves both Canadian and US assembly facilities, resulting in increasing composites consumption in the country. Rising investments in wind energy projects and infrastructure applications, particularly those requiring corrosion protection, are driving more demand for composites.
Key Players
The key players in the North America composites market are Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation,(Japan), SGL Group (Germany), Nippon Electric Glass Co., Ltd. (Japan), Hexcel Corporation (US) Solvay (Belgium), and China Jushi Co., Ltd. (China), among many others.
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