South Africa Advanced Composites Market to 2032

Overview

The South Africa Advanced Composites Market is expected to reach a 536.13 USD Million by 2032 and is projected to grow at a CAGR of 8.15% from 2025 to 2032.

Revenue, 2024 (USD Million)

328.38

Forecast, 2032 (USD Million)

536.13

CAGR, 2024 - 2032

8.15%

Report Coverage

South Africa

South Africa Advanced Composites Market 2018-2032 USD Million

South Africa Advanced Composites Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 328.38 USD Million
Projected Market Size (2032): 536.13 USD Million
CAGR (2025-2032): 8.15%

Key Findings of South Africa Advanced Composites Market

The South Africa Advanced Composites Market was valued at 328.38 USD Million in 2024.
The South Africa Advanced Composites Market is likely to grow at a CAGR of 8.15% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Advanced Thermosetting in Resin Segment accounted for the largest share of the market with a revenue of 217.90 USD Million
The fastest growing segment Automated Tape Laying (ATL) and Automated Fiber Placement (AFP) in Manufacturing Process Segment grew Fastest with a CAGR of 9.53% during the forecast period from 2024 to 2032.

South Africa Advanced Composites Market Scope

South Africa Advanced Composites Market Segmentation & Scope

Resin

Advanced Thermoplastic
Advanced Thermosetting

Manufacturing Process

Others
Injection Molding
Compression Molding
Resin Transfer Molding (RTM)
Pultrusion
Filament Winding
Hand Layup/Spray Layup
Automated Tape Laying (ATL) and Automated Fiber Placement (AFP)

End User

Healthcare
Electrical and Electronics
Civil Engineering
Others
Sports Equipment
Energy and Power
Automotive
Aerospace and Defense

Type

Others
Aramid Fiber Composites
S-Glass Composites
Carbon Fiber Composites

South Africa Advanced Composites Market Data Coverage Insights

Study Period	2024-2032
Base Year	2022
Unit	Revenue in USD Million
Market Value in 2024	328.38 USD Million
Market Value in 2032	536.13 USD Million
CAGR (2025-2032)	8.15%
Historic Data	2016-2023
Market Segments Covered	Resin,Manufacturing Process,End User ,Type

Regional Insights:

Leading Market (2024-2032): South Africa, leading in terms of revenue 328.38 USD Million in 2024
- Key Country: South Africa, leading in terms of revenue with value of 328.38 USD Million in 2024.

Segments and Scope

South Africa Advanced Composites Market to 2032, By Resin
- Advanced Thermosetting is the largest segment in South Africa Advanced Composites Market to 2032 with a revenue of 217.90 USD Million in the year 2024.
- Advanced Thermosetting is the Fastest growing segment in South Africa Advanced Composites Market to 2032 with a Growth rate of 8.36 % in forecast period 2025-2032.
South Africa Advanced Composites Market to 2032, By Manufacturing Process
- Automated Tape Laying (ATL) and Automated Fiber Placement (AFP) is the largest segment in South Africa Advanced Composites Market to 2032 with a revenue of 85.00 USD Million in the year 2024.
- Automated Tape Laying (ATL) and Automated Fiber Placement (AFP) is the Fastest growing segment in South Africa Advanced Composites Market to 2032 with a Growth rate of 9.53 % in forecast period 2025-2032.
South Africa Advanced Composites Market to 2032, By End User
- Aerospace and Defense is the largest segment in South Africa Advanced Composites Market to 2032 with a revenue of 101.66 USD Million in the year 2024.
- Aerospace and Defense is the Fastest growing segment in South Africa Advanced Composites Market to 2032 with a Growth rate of 8.95 % in forecast period 2025-2032.
South Africa Advanced Composites Market to 2032, By Type
- Carbon Fiber Composites is the largest segment in South Africa Advanced Composites Market to 2032 with a revenue of 128.65 USD Million in the year 2024.
- Carbon Fiber Composites is the Fastest growing segment in South Africa Advanced Composites Market to 2032 with a Growth rate of 8.49 % in forecast period 2025-2032.

South Africa Advanced Composites Market Company Share Analysis

South Africa Advanced Composites Market Geographical Sales Distribution, 2018-2032 USD Million

South Africa Advanced Composites Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the South Africa Advanced Composites Market?

The South Africa Advanced Composites Market is segmented based on Segmentation Resin,Manufacturing Process,End User ,Type.

What is the current market size of the South Africa Advanced Composites Market?

South Africa Advanced Composites Market was valued at USD 328.38(Revenue in USD Million) in 2022.

What is the expected growth rate of the South Africa Advanced Composites Market?

South Africa Advanced Composites Market is projected to grow at a CAGR of 8.15% during the forecast period of 2024 to 2032.

Which is the dominating segment in the South Africa Advanced Composites Market?

The Advanced Thermosetting segment is expected to dominate the South Africa Advanced Composites Market, holding a largest market share of 217.90 USD Million in 2024

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