Industry: Service & Software
Published Date: 2025-02-27
Pages: 92 Pages
Report ld: 4311713
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Composite Material Market Size(US$)

CAGR 2025-2031
2.6%
Market Size,2031
USD 1,136
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Composite Material was estimated to be worth US$ 951 million in 2024 and is forecast to a readjusted size of US$ 1136 million by 2031 with a CAGR of 2.6% during the forecast period 2025-2031.
A material made up of two or more constituent materials possessing varied physical or chemical properties and is different from individual components is known as a composite material. These composites are highly used in aerospace and defense, transportation, and wind energy applications. Hence, comprehensive testing is carried out on these materials with specific standards known as composite testing. Composite testing is widely used in aerospace & defense sector to evaluate the performance and structural applications. Major commercial aircraft manufacturers such as Airbus and Boeing have developed aircraft such as Airbus A350 and Boeing 787 that constitute almost 50% of the composites in their airframe structures. Aviation giants such as National Aeronautics and Space Administration (NASA) and SpaceX widely use composite testing due to resistance fatigue & corrosion and high stiffness-to-weight ratio.
North American market for Composite Material was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Composite Material was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Europe market for Composite Material was valued at $ million in 2024 and will reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global key companies of Composite Material include Element Materials Technology, Henkel AG & CO, KGaA, Exova Group plc, Westmoreland Mechanical Testing & Research Inc, Instron, Matrix Composite Inc, ETIM Composites Testing Laboratory, Mistras Group Inc, Intertek Group plc, etc. In 2024, the global five largest players hold a share approximately % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Composite Material, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Composite Material by region & country, by Type, and by Application.
The Composite Material market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Composite Material.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Composite Material company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Composite Material in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Composite Material in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Composite Material Product Introduction
1.2 Global Composite Material Market Size Forecast (2020-2031)
1.3 Composite Material Market Trends & Drivers
1.3.1 Composite Material Industry Trends
1.3.2 Composite Material Market Drivers & Opportunity
1.3.3 Composite Material Market Challenges
1.3.4 Composite Material Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Composite Material Players Revenue Ranking (2024)
2.2 Global Composite Material Revenue by Company (2020-2025)
2.3 Key Companies Composite Material Manufacturing Base Distribution and Headquarters
2.4 Key Companies Composite Material Product Offered
2.5 Key Companies Time to Begin Mass Production of Composite Material
2.6 Composite Material Market Competitive Analysis
2.6.1 Composite Material Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Composite Material Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Composite Material as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Polymer Matrix Composites
3.1.2 Continuous Fiber Composites
3.1.3 Ceramic Matrix Composites
3.1.4 Discontinuous Fiber Composites
3.1.5 Others
3.2 Global Composite Material Sales Value by Type
3.2.1 Global Composite Material Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Composite Material Sales Value, by Type (2020-2031)
3.2.3 Global Composite Material Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Sporting Goods
4.1.2 Aerospace & Defense
4.1.3 Electrical & Electronics
4.1.4 Wind Energy
4.1.5 Building & Construction
4.1.6 Transportation
4.1.7 Others
4.2 Global Composite Material Sales Value by Application
4.2.1 Global Composite Material Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Composite Material Sales Value, by Application (2020-2031)
4.2.3 Global Composite Material Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Composite Material Sales Value by Region
5.1.1 Global Composite Material Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Composite Material Sales Value by Region (2020-2025)
5.1.3 Global Composite Material Sales Value by Region (2026-2031)
5.1.4 Global Composite Material Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Composite Material Sales Value, 2020-2031
5.2.2 North America Composite Material Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Composite Material Sales Value, 2020-2031
5.3.2 Europe Composite Material Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Composite Material Sales Value, 2020-2031
5.4.2 Asia Pacific Composite Material Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Composite Material Sales Value, 2020-2031
5.5.2 South America Composite Material Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Composite Material Sales Value, 2020-2031
5.6.2 Middle East & Africa Composite Material Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Composite Material Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Composite Material Sales Value, 2020-2031
6.3 United States
6.3.1 United States Composite Material Sales Value, 2020-2031
6.3.2 United States Composite Material Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Composite Material Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Composite Material Sales Value, 2020-2031
6.4.2 Europe Composite Material Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Composite Material Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Composite Material Sales Value, 2020-2031
6.5.2 China Composite Material Sales Value by Type (%), 2024 VS 2031
6.5.3 China Composite Material Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Composite Material Sales Value, 2020-2031
6.6.2 Japan Composite Material Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Composite Material Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Composite Material Sales Value, 2020-2031
6.7.2 South Korea Composite Material Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Composite Material Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Composite Material Sales Value, 2020-2031
6.8.2 Southeast Asia Composite Material Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Composite Material Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Composite Material Sales Value, 2020-2031
6.9.2 India Composite Material Sales Value by Type (%), 2024 VS 2031
6.9.3 India Composite Material Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Element Materials Technology
7.1.1 Element Materials Technology Profile
7.1.2 Element Materials Technology Main Business
7.1.3 Element Materials Technology Composite Material Products, Services and Solutions
7.1.4 Element Materials Technology Composite Material Revenue (US$ Million) & (2020-2025)
7.1.5 Element Materials Technology Recent Developments
7.2 Henkel AG & CO
7.2.1 Henkel AG & CO Profile
7.2.2 Henkel AG & CO Main Business
7.2.3 Henkel AG & CO Composite Material Products, Services and Solutions
7.2.4 Henkel AG & CO Composite Material Revenue (US$ Million) & (2020-2025)
7.2.5 Henkel AG & CO Recent Developments
7.3 KGaA
7.3.1 KGaA Profile
7.3.2 KGaA Main Business
7.3.3 KGaA Composite Material Products, Services and Solutions
7.3.4 KGaA Composite Material Revenue (US$ Million) & (2020-2025)
7.3.5 KGaA Recent Developments
7.4 Exova Group plc
7.4.1 Exova Group plc Profile
7.4.2 Exova Group plc Main Business
7.4.3 Exova Group plc Composite Material Products, Services and Solutions
7.4.4 Exova Group plc Composite Material Revenue (US$ Million) & (2020-2025)
7.4.5 Exova Group plc Recent Developments
7.5 Westmoreland Mechanical Testing & Research Inc
7.5.1 Westmoreland Mechanical Testing & Research Inc Profile
7.5.2 Westmoreland Mechanical Testing & Research Inc Main Business
7.5.3 Westmoreland Mechanical Testing & Research Inc Composite Material Products, Services and Solutions
7.5.4 Westmoreland Mechanical Testing & Research Inc Composite Material Revenue (US$ Million) & (2020-2025)
7.5.5 Westmoreland Mechanical Testing & Research Inc Recent Developments
7.6 Instron
7.6.1 Instron Profile
7.6.2 Instron Main Business
7.6.3 Instron Composite Material Products, Services and Solutions
7.6.4 Instron Composite Material Revenue (US$ Million) & (2020-2025)
7.6.5 Instron Recent Developments
7.7 Matrix Composite Inc
7.7.1 Matrix Composite Inc Profile
7.7.2 Matrix Composite Inc Main Business
7.7.3 Matrix Composite Inc Composite Material Products, Services and Solutions
7.7.4 Matrix Composite Inc Composite Material Revenue (US$ Million) & (2020-2025)
7.7.5 Matrix Composite Inc Recent Developments
7.8 ETIM Composites Testing Laboratory
7.8.1 ETIM Composites Testing Laboratory Profile
7.8.2 ETIM Composites Testing Laboratory Main Business
7.8.3 ETIM Composites Testing Laboratory Composite Material Products, Services and Solutions
7.8.4 ETIM Composites Testing Laboratory Composite Material Revenue (US$ Million) & (2020-2025)
7.8.5 ETIM Composites Testing Laboratory Recent Developments
7.9 Mistras Group Inc
7.9.1 Mistras Group Inc Profile
7.9.2 Mistras Group Inc Main Business
7.9.3 Mistras Group Inc Composite Material Products, Services and Solutions
7.9.4 Mistras Group Inc Composite Material Revenue (US$ Million) & (2020-2025)
7.9.5 Mistras Group Inc Recent Developments
7.10 Intertek Group plc
7.10.1 Intertek Group plc Profile
7.10.2 Intertek Group plc Main Business
7.10.3 Intertek Group plc Composite Material Products, Services and Solutions
7.10.4 Intertek Group plc Composite Material Revenue (US$ Million) & (2020-2025)
7.10.5 Intertek Group plc Recent Developments
8 Industry Chain Analysis
8.1 Composite Material Industrial Chain
8.2 Composite Material Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Composite Material Sales Model
8.5.2 Sales Channel
8.5.3 Composite Material Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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