Global Composites Market Size & Outlook, 2025-2033

Global Composites Market Size

According to Straits Research analysis, the Global Composites Market was valued at USD 104292 Million in 2024 and is projected to reach USD 186630 Million by 2033, expanding at a CAGR of 6.7% during the forecast period. This major surge in the market is primarily driven by its applications in various industries such as aerospace & defense, wind energy, transportation, and construction. The rising agricultural needs also contribute substantially to the market's growth. Furthermore, the shift towards green and low-carbon production methods have spurred the demand for composites in industries. Technological advancements have led to the emergence of high-performance composites which are fueling the market. Export potential has also opened new avenues for growth in the Composites Market. Moving forward, countries like China, India, and the U.S. are investing significantly in R&D and expanding production capacities, aiming to strengthen their position in the Composites Market.