- Composites offer advantages such as durability, corrosion resistance, and design flexibility, making them ideal for various infrastructure components such as bridges, buildings, pipelines, and roadways. Composites enable faster construction processes and lower maintenance costs, contributing to overall project efficiency and longevity
- As governments worldwide prioritize infrastructure upgrades and expansions, the demand for composites in these projects is expected to continue rising, fueling growth in the global composites market
- North America dominated the composites market with the largest revenue share of 38.7% in 2024, driven by strong demand from aerospace, automotive, defense, and renewable energy sectors
- Asia-Pacific composites market is poised to grow at the fastest CAGR of 22% from 2025 to 2032, driven by rapid urbanization, expanding infrastructure, and increasing demand from transportation, construction, and renewable energy sectors
- The Glass Fiber Composites segment dominated the composites market with the largest revenue share of 58.7% in 2024, owing to their cost-effectiveness, corrosion resistance, and versatility across automotive, construction, and marine applications
