Australia Composites Market Size & Outlook, 2025-2033
Australia Composites Market Size
According to Straits Research analysis, the Australia Composites Market was valued at USD 2490 Million in 2024 and is projected to reach USD 4350 Million by 2033, expanding at a CAGR of 6.5% during the forecast period. The growth is primarily driven by industries such as agriculture, chemicals, and energy which increasingly incorporate composites in their operations. Particularly, the extensive use of composites in wind energy installations, marine infrastructure, and sectors like automobile and construction is bolstering the market. Additionally, trends such as sustainability, green production practices, and technological advancements are driving businesses towards the adoption of composites. The market also exhibits significant export potential, opening up additional opportunities for market growth. With these transformative shifts, Australia is strategically positioning itself as a significant player in the global composites market, ready to leverage emergent trends for continual growth.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia Composites Market Highlights
- Layup held the leading position among Manufacturing Process segments in 2024, based on market size.
- Filament is projected to post the fastest growth rate, sustaining its position as the most attractive Manufacturing Process segment during the forecast horizon.
- Australia contributed 2.39% to the global composites market size in 2024.
- By 2033, China is forecasted to remain the largest global market for composites market.
- In Asia Pacific, China is projected to capture the leading share of market by 2033.
- Among Asia Pacific markets, India is expected to post the fastest growth, reaching USD 58503 Million by 2033.
Australia Composites Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2033 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 2490 Million |
| Market Size In 2033 | USD 4350 Million |
| Largest segment | Layup |
| Fastest segment | Filament |
| Units | Revenue in USD Million |
| CAGR | 6.5% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Manufacturing Process |
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| Product |
|
| End-User |
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Australia Composites Market By Manufacturing Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia Composites Market By Product 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
Australia Composites Market By End-User 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
