According to MarketsandMarkets™, the North America Composites Market is projected to grow from USD 40.40 billion in 2025 to USD 66.67 billion by 2030, registering a CAGR of 10.6% during the forecast period. The market is expanding rapidly due to the increasing demand for lightweight, durable, and energy-efficient materials across aerospace, automotive, wind energy, and construction applications. Stringent emissions regulations, rapid electrification of transportation, and growing investments in renewable energy infrastructure continue to accelerate market growth across North America.
Composite materials offer exceptional strength-to-weight ratios, corrosion resistance, fatigue resistance, and design flexibility, making them increasingly attractive alternatives to conventional materials such as steel and aluminum. Technological advancements in manufacturing processes and material engineering are further contributing to the market’s long-term expansion.
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By fiber type, the glass fiber composites segment accounted for the largest market share during the forecast period.
The glass fiber composites segment continues to dominate the North American composites market because of its excellent combination of strength, durability, affordability, and manufacturing flexibility. These materials are extensively utilized in automotive, wind energy, construction, electrical, and industrial applications.
Glass fiber composites are compatible with a broad range of resins and production technologies while offering consistent mechanical performance at lower costs than carbon fiber alternatives. Their well-established supply chain and broad industrial adoption continue to strengthen their position within the market.
By resin type, the thermoset segment accounted for the largest market share during the forecast period.
The thermoset resin segment remains the leading category owing to its superior mechanical strength, heat resistance, dimensional stability, and durability. Epoxy, polyester, and vinyl ester resins continue to play a critical role in manufacturing structural components for wind energy, aerospace, transportation, and infrastructure applications.
The established manufacturing ecosystem and relatively lower production costs compared with thermoplastic alternatives are contributing significantly to the continued dominance of thermoset resins in North America.
Wind energy is the second-fastest growing end-use industry for composites in North America.
Wind energy is North America’s second fastest-growing end-use segment for composites in terms of value, driven by the region’s continuous growth of renewable energy capacity and demand for large, high-performance turbine blades made of lightweight and durable composite materials. North America has well-developed offshore and onshore wind infrastructure, strong governmental support for renewable energy, and continuous investments in bigger turbines with longer blades, all of which increase adoption. Composites’ mechanical strength, fatigue resistance, and corrosion protection make them perfect for wind applications, especially in harsh offshore environments. As North America pushes for energy transition and carbon reduction objectives, wind energy installations continue to rise, driving the demand for composite materials in this sector.
Canada is projected to be the second-fastest growing country in the North America composites market.
The Canadian composites market is expected to grow at a CAGR of 10.3% through 2030, driven by increased industrial applications. The aerospace sector is the primary driver of growth, with leading manufacturers like Bombardier increasingly utilizing lightweight carbon fiber components to improve fuel efficiency and performance. The country’s automotive industry contributes to demand by using carbon and glass fiber composites to lightweight vehicles to meet fuel efficiency rules and facilitate the transition to electric vehicles. The automotive composites market in Canada is expected to grow due to increased demand from the country’s established auto and auto-component manufacturing base, particularly in southern Ontario near the US border. The proximity to major OEMs and integrated North American supply chains supports efficient logistics and production. The concentration of auto component manufacturers in this cross-border corridor serves both Canadian and US assembly facilities, resulting in increasing composites consumption in the country. Rising investments in wind energy projects and infrastructure applications, particularly those requiring corrosion protection, are driving more demand for composites.
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Unique Features in the North America Composites Market
One of the defining characteristics of the North American composites market is the increasing emphasis on lightweight materials capable of improving energy efficiency while maintaining structural integrity. Manufacturers continue to replace conventional materials with advanced composites to reduce emissions and improve operational performance across numerous applications.
Another significant feature of the market is the increasing adoption of automated manufacturing technologies, including filament winding, resin transfer molding, pultrusion, and compression molding processes. These technologies are improving manufacturing efficiency while reducing material waste and production costs.
The market is also experiencing growing investments in bio-based composites and recyclable thermoplastic materials to support sustainability objectives and circular economy initiatives.
Additionally, the increasing adoption of hydrogen storage technologies, wind energy systems, and electric mobility solutions is creating new opportunities for composite manufacturers across the region.
Major Highlights of the North America Composites Market
The increasing demand for lightweight materials across the aerospace, automotive, and renewable energy sectors continues to strengthen market growth.
Manufacturers are investing heavily in advanced manufacturing technologies and automation systems to improve efficiency, reduce costs, and enhance product performance.
The rapid expansion of wind energy projects and electric vehicle production is accelerating the adoption of composite materials across numerous industrial applications.
Technological advancements in resin systems, reinforcement fibers, and manufacturing techniques continue to improve product quality and expand application possibilities.
The increasing focus on carbon emission reduction and energy efficiency is expected to generate substantial growth opportunities throughout the forecast period.
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Top Companies in the North America Composites Market
Some of the major companies operating in the North America composites market include Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Group Corporation (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Solvay (Belgium), China Jushi Co., Ltd. (China), Nippon Electric Glass Co., Ltd. (Japan), and Huntsman Corporation (US). These companies continue to strengthen their market positions through technological innovation, manufacturing expansion, strategic partnerships, and investments in sustainable product development initiatives.
Owens Corning
Owens Corning continues to maintain a strong leadership position within the North American composites market through its extensive portfolio of glass fiber reinforcements and advanced material technologies. The company serves numerous industries, including aerospace, automotive, infrastructure, and renewable energy.
Toray Industries, Inc.
Toray is recognized globally for its advanced carbon fiber technologies and high-performance composite materials. The company continues investing in research and development initiatives to strengthen its presence across aerospace, transportation, and industrial applications.
Hexcel Corporation
Hexcel specializes in advanced composite materials and engineered products used extensively in aerospace, defense, and industrial applications. The company’s continued focus on innovation and manufacturing excellence supports its long-term growth strategy throughout the North American market.
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