The global composites market is growing rapidly, driven by innovative materials such as resins, fillers, reinforcements, natural fibers, and nanocomposites. The market is expected to reach $183.1 billion by 2029, with a compound annual growth rate (CAGR) of 7.6% from 2024 to 2029. The growth is attributed to increasing demand for advanced composites in the electrical and electronics sectors, rising adoption of composites in the aerospace industry, advances in the energy sector, and adoption of composites in infrastructure and construction.
The report from BCC Research highlights the role of eVTOL (electric vertical takeoff and landing) manufacturers, natural fibers, carbon nanotubes, and smart metal composites in driving the market growth. The report also segments the market by material type, application, and region, providing insights into the leading companies and emerging trends. The report addresses key questions, including the projected market size and growth rate, factors driving the growth, dominant application segment, and leading companies.