Global composite materials market share in 2023, by application

Published by
M. Garside,
Jun 23, 2025

The transportation sector accounted for the largest share of the total composites market worldwide in 2024, at **** percent. The transportation sector includes the production of passenger cars, aviation, and other commercial vehicles. 

The electronics sector accounted for the second-largest share of the global composites market in 2024, at **** percent. 

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Market share of composite materials worldwide in 2023, by application

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Release date

February 2024

Region

Worldwide

Survey time period

2024

Supplementary notes

Includes short fiber Reinforced Thermoplastics, long-/Endless Fiber Reinforced Thermoplastics (LFT/GMT/CFRTP), long-/Endless Fiber Reinforced Thermosets Non-Crimp-Fabrics.


Carbon Fiber Reinforced Plastics (CRP) volumes are not included as they only account for around one to two percent of the total market and thus have only a marginal influence on overall market share data.

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Statistics on " Composite materials industry worldwide "

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Overview

6

Regions

3

Applications

2

Manufacturing

6

Composites additive manufacturing

3

Demand

2

Selected composites markets

8

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Composite materials industry worldwidePlastics industry worldwideAdditive manufacturing and 3D printingCovestroGlass industry worldwide
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