North America Composites Market Size
According to Straits Research analysis, The North America Composites Market was valued at USD 18591 Million in 2024 and is projected to reach USD 26862 Million by 2033, expanding at a CAGR of 4.2% during the forecast period. Key drivers such as utilization in diverse industries including agriculture, energy, and chemicals are influencing demand. Agriculture is leveraging composites in the production of durable equipment, while the energy sector uses them in wind turbines. Technological advancements lead to higher-quality and more efficient manufacturing processes. Sustainability trends are driving growth as the demand for green and low-carbon production increases. The growing export potential of ceratin countries is an important opportunity for the North America market. This region is positioning itself as a hub for high-value, technologically-advanced composite manufacturing, reaffirming the forecast of sustained growth.
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Composites Market Highlights
- By market size, Layup led the Manufacturing Process category in 2024.
- The Manufacturing Process segment led by Filament is estimated to post the fastest growth, sustaining its position as the most lucrative during the forecast timeframe.
- North America held 17.83% share of the global composites market size in 2024.
- China is expected to remain the largest contributor to the global market by 2033.
- By 2033, Canada is anticipated to record the highest growth in North America, with the market size expected to reach USD 24106 Million.
North America 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 18591 Million |
| Market Size In 2033 |
USD 26862 Million |
| Largest segment |
Layup |
| Fastest segment |
Filament |
| Units |
Revenue in USD Million |
| CAGR |
4.2% (2025-2033) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
North America Composites Market Share By Manufacturing Process
Segmentation Covered
| Segments |
Sub Segments |
| Country |
- United States
- Canada
|
| Manufacturing Process |
- Layup
- Filament
- Injection Molding
- Pultrusion
- Compression molding
- RTM
- Others
|
| Product |
- Carbon fiber
- Glass Fiber
|
| End-User |
- Automotive and transportation
- Electrical and Electronics
- Wind Energy
- Construction and Infrastructure
- Pipes and Tanks
- Marine
- Others
|
North America Composites Market By Country 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Composites Market By Manufacturing Process 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Composites Market By Product 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.
North America Composites Market By End-User 2033
Source: Straits Research Analysis Company Publications, Primary Interviews.