How big is the Composite Material Market?

The Composite Material Market size is expected to reach USD 45.96 billion in 2024 and grow at a CAGR of greater than 5% to reach USD 60.59 billion by 2029. Read More

What is the current Composite Material Market size?

In 2024, the Composite Material Market size is expected to reach USD 45.96 billion. Read More

Who are the key players in Composite Material Market?

TORAY INDUSTRIES, INC., Owens Corning, Mitsubishi Chemical Corporation, Solvay and Hexcel Corporation are the major companies operating in the Composite Material Market. Read More

Which is the fastest growing region in Composite Material Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Composite Material Market?

In 2024, the Asia Pacific accounts for the largest market share in Composite Material Market. Read More

What years does this Composite Material Market cover, and what was the market size in 2023?

In 2023, the Composite Material Market size was estimated at USD 43.66 billion. The report covers the Composite Material Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Composite Material Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges facing the Composites Material Market?

The challenges facing the Composites Material Market are a) High cost of composites compared to traditional materials like steel and aluminum b) Difficulties in recycling composites, especially those with thermoset resins Read More

What are the challenges facing the Composites Material Market?

The challenges facing the Composites Material Market are a) High cost of composites compared to traditional materials like steel and aluminum b) Difficulties in recycling composites, especially those with thermoset resins Read More

Composite Material Market Share

Statistics for the 2023 & 2024 Composite Material market share, created by Mordor Intelligence™ Industry Reports. Composite Material share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Composite Material Industry

The composite material market is moderately fragmented as the market share is divided between many players. Some of the key players in the market (not in any particular order) include TORAY INDUSTRIES, INC., Owens Corning, Mitsubishi Chemical Corporation, Hexcel Corporation, Solvay and Teijin Limited, among others.