What Happened
Aerospace And Automotive Sectors Drive Demand For Lightweight Materials
The composite materials market is expected to reach $17.53 billion by 2030, driven by increasing demand for lightweight materials in the aerospace and automotive sectors. The market is projected to grow at a compound annual growth rate (CAGR) of 9.3% from 2026 to 2030, with the Asia-Pacific region expected to experience the fastest growth. According to a report by The Business Research Company, the market size was $11.24 billion in 2025 and is expected to reach $12.26 billion in 2026. This growth is supported by rising adoption of carbon fiber composites in mobility, increased production of electric vehicles, and demand for sustainable composite materials. The report was published by The Business Research Company.