Toray Industries, Inc. (Japan) and Teijin Limited (Japan) are Leading Players in the Asia Pacific Composites Market
The report "Asia Pacific 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"composites market in Asia Pacific is expected to witness a CAGR of 11.6% to reach a market size of 83.78 USD billion by 2030 from the estimated USD 48.27 billion in 2025. Demand for composites in the Asia Pacific region is expected to grow due to the increase in the demand for high-performance materials with properties such as high strength-to-weight ratio, good tensile strength, and electrical conductivity, among others. Strong end-market demand (EVs and broader automotive lightweighting, a rapid build-out of wind and other renewables, expanding aerospace activity, and increasing use in construction and marine applications), continued localisation of fibre and resin production capacity, and growing adoption of advanced manufacturing (RTM, automated fibre placement, high-rate SMC/SMC lines, and thermoplastic processing) are all expected to drive the Asia Pacific composites market's robust growth from 2025 to 2030).
Browse 230 market data Tables and 60 Figures spread through 270 Pages and in-depth TOC on "Asia Pacific 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"
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The glass fiber composites segment accounts for the largest share in the Asia Pacific composites market.
The composites market in Asia Pacific is still dominated by the glass fiber segment because of its ideal combination of mechanical performance, cost-effectiveness, and adaptability in high-volume applications. GFRP products, which offer high strength-to-weight ratios at a fraction of the cost of carbon fiber, are in high demand due to the region's rapid expansion in infrastructure, automotive, wind energy, electrical components, and industrial equipment. Large-scale, low-cost manufacturing ecosystems for glass fiber and resin systems have also been established in China, India, and Southeast Asia, allowing for dependable supply and competitive pricing that favour GFRP in mass-market applications.
The thermoset resin segment accounted for the largest share of the composites market in Asia Pacific in 2024.
The composites market in Asia Pacific is dominated by the thermoset resin segment due to its superior mechanical performance, chemical resistance, and established processing ecosystem across major end-use industries. For high-volume applications in construction, wind energy, automotive, marine, and electrical components, thermoset systems—especially polyester, epoxy, and vinyl ester resins—offer exceptional strength, rigidity, fatigue resistance, and dimensional stability. Furthermore, thermoset resins offer longer service life and superior thermal resistance, which is crucial for industrial, transportation, and infrastructure applications that require dependability in challenging environmental circumstances.
Filament winding process is the fastest-growing manufacturing process in the composites market in Asia Pacific.
Filament winding manufacturing process is expected to show the highest growth during the forecast period due to its remarkable capacity to produce high-strength, lightweight, and economical composite structures needed across quickly expanding end-use sectors. Pressure vessels, hydrogen storage tanks, CNG cylinders, wind turbine components, pipes, and industrial aerospace parts all require superior mechanical qualities and excellent structural integrity. Filament winding makes it possible to precisely place continuous fibers under controlled tension. The growth is mainly driven by the region's move toward clean energy and alternative fuels. This is especially true in China, Japan, South Korea, and India, where the use of hydrogen fuel technologies and gas-based storage solutions is speeding up. Filament-wound Type III and Type IV pressure vessels are becoming industry standards because of their light weight, safety, and ability to withstand high internal pressures.
Wind energy is the second-fastest growing end-use industry in the Asia Pacific composites market.
Wind energy is the second-fastest-growing end-use industry in the Asia Pacific composites market. This growth is driven by the region's strong move toward renewable power generation and expansion of large-scale wind capacity. Countries such as China, India, Vietnam, and Australia are quickly increasing wind installations to meet their decarbonization goals. This directly raises the demand for composite materials used in turbine blades, nacelles, hubs, and other structural parts. Composites, especially glass fiber and carbon fiber reinforced materials, are essential in wind turbines. They offer the high strength-to-weight ratio, fatigue resistance, stiffness, and corrosion resistance needed for longer and more efficient blades. As Asia Pacific countries transition to larger turbine sizes, ranging from 3 to 6 MW onshore and 8 to 15 MW offshore, the use of advanced composites per turbine has risen significantly.
China is projected to register high growth in the composites market in Asia Pacific during the forecast period.
The demand for composites in China is expected to rise at a significant rate in the Asia Pacific region, as China transitions from a volume-led production to a value-added, application-specific composite solutions. The biggest growth driver is the fast adoption of advanced composite applications in new sectors such as hydrogen storage systems, large-diameter composite pressure vessels, urban air mobility (UAM), drones, and next-generation rail transit, where material performance requirements are very stringent. At the same time, China is progressively increasing the production of high-modulus carbon fiber, specialty epoxy systems, and automated composite manufacturing equipment domestically, thus cutting the dependency on imports and allowing a quicker expansion of advanced products.
Key Players
The key players in the market are Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Owens Corning (US), Hexcel Corporation (US), SGL Group (Germany), Nippon Electric Glass Co., Ltd. (Japan), Huntsman International LLC. (US), and Solvay (Belgium), among others.
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